SSBI News | Roxom Stocks

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SS

Mkt Cap

$83.1M

Volume

2.30K

Next Earnings

November 4th

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Summit State Bank Declares Quarterly Cash DividendSummit State Bank has reduced its quarterly cash dividend to common shareholders from $0.04 per share to a lower amount, citing the current rate environment and its impact on earnings. The bank aims to improve capital ratios, increase liquidity, and position itself better for long-term value creation during economic uncertainty.GlobeNewswire Inc. · Sep 12, 2024

Summit State Bank welcomes Dr. Frank Chong and James Finley to its Board of DirectorsSANTA ROSA, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) welcomes Dr. Frank Chong and James Finley, to its Board of Directors. Dr. Chong and Mr. Finley were elected to the Board of Directors at the Bank’s Board Meeting held on Monday, February 26, 2024.GlobeNewswire Inc. · Mar 30, 2024

Summit State Bank Ranked a Top Bay Area Corporate Philanthropist by San Francisco Business TimesSANTA ROSA, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced today that it has been ranked number 52nd on the San Francisco Business Times’ 2023 Bay Area Corporate Philanthropists List which was published in a supplement in the San Francisco Business Times on July 28, 2023. The Corporate Philanthropy Awards, list and supplement celebrates the Bay Area’s most generous corporate citizens and recognizes those companies that also give their time, talent and resources. The annual list recognizes 100 top corporate philanthropists ranked by local cash giving. It includes for-profit companies and nonprofit health care organizations that made contributions to Bay Area based charitable organizations in the following counties: San Francisco, San Mateo, Alameda, Contra Costa, Marin, Napa, Santa Clara, Solano and Sonoma.GlobeNewswire Inc. · Aug 1, 2023

Summit State Bank Comments on Big Poppy Bancorp, Inc.’s Federal Reserve ApplicationSANTA ROSA, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) (“Summit”) announced today that it is aware that Big Poppy Holdings, Inc. (“Poppy”) has published a notice stating that it holds 332,464 shares of Summit’s common stock, which is approximately 4.9% of the outstanding shares, and that it intends to file an application with the Federal Reserve Board to acquire up to 24.99% of Summit’s common stock. Poppy is the holding company for Poppy Bank, which is headquartered in Santa Rosa, California.GlobeNewswire Inc. · Jul 27, 2023

Summit State Bank Named to CB Durable Performance Index™SANTA ROSA, Calif., June 21, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced that the bank has been named to the CB Durable Performance Index™ for 1Q 2023. The index highlights banks who have maintained above average performance over the course of the last 3 years by aggregating and analyzing performance and regulatory data. The report identified high performing banks by scoring 11 key performance indicators regularly used in analyzing bank value.GlobeNewswire Inc. · Jun 21, 2023

Summit State Bank Ranks #18 on American Banker Magazine’s Top 200 Publicly Traded Community Banks listSANTA ROSA, Calif., June 20, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced that the bank has once again been named to American Banker Magazine’s Top 200 Publicly Traded Community Banks list. In its June 12, 2023 article, American Banker ranked Summit State Bank 18th on its Top 200 Publicly Traded Community Banks list based on three-year average return on equity (“ROE”) as of 12/31/22 (Source: Capital Performance Group). The rankings include publicly-traded banks with less than $2 billion in assets.GlobeNewswire Inc. · Jun 20, 2023

Summit State Bank Recognized Among Top Performing Banks by the Independent Community Bankers AssociationSANTA ROSA, Calif., May 22, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) has been recognized by the Independent Community Bankers Association (ICBA) as one of the 2023 Top Performing Banks and the only California bank to be recognized in the More Than a Billion category. ICBA is a member-based trade organization comprised of community banks throughout the United States. The ICBA recognizes consistently high-performing banks utilizing FDIC data, taking into account pre-tax return-on-assets (ROA) figures for the past three years, with the most recent year weighted at 3 times, the second most recent year at 2 times and the third most recent year at 1 time. The qualifying banks are then divided into three broad segments based on asset size and the three-year weighted average ROA. In addition, a bank must have a rating of C or higher by Kroll Bond Ratings to be considered for ranking. Kroll Bond Rating is a global full-service rating agency whose mission is to set the standard of excellence and integrity.GlobeNewswire Inc. · May 22, 2023

Summit State Bank Reports 19% Increase in Net Income to $3,935,000 for First Quarter 2022 and Declaration of DividendSANTA ROSA, Calif., April 26, 2022 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended March 31, 2022 of $3,935,000 and diluted earnings per share of $0.59. This compares to net income of $3,317,000 and diluted earnings per share of $0.50 for the quarter ended March 31, 2021. Additionally, a quarterly dividend of $0.12 per share was declared for common shareholders.GlobeNewswire Inc. · Apr 26, 2022

Summit State Bank Reports Record Earnings, a 40% Increase in Net Income to $14,698,000 for 2021 and Declaration of DividendSANTA ROSA, Calif., Jan. 25, 2022 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported record net income for the year ended December 31, 2021 of $14,698,000 and diluted earnings per share of $2.20. This compares to net income of $10,517,000 and diluted earnings per share of $1.57 for the year ended December 31, 2020. Additionally, a quarterly dividend of $0.12 per share was declared for common shareholders.GlobeNewswire Inc. · Jan 25, 2022

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