Company Quick10K Filing
Summit Financial Group
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 13 $328
10-Q 2019-11-07 Quarter: 2019-09-30
10-Q 2019-08-02 Quarter: 2019-06-30
10-Q 2019-05-06 Quarter: 2019-03-31
10-K 2019-03-01 Annual: 2018-12-31
10-Q 2018-11-02 Quarter: 2018-09-30
10-Q 2018-08-07 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-02 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-09 Quarter: 2017-06-30
10-Q 2017-05-08 Quarter: 2017-03-31
10-K 2017-02-28 Annual: 2016-12-31
10-Q 2016-11-03 Quarter: 2016-09-30
10-Q 2016-08-04 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-02-26 Annual: 2015-12-31
10-Q 2015-11-05 Quarter: 2015-09-30
10-Q 2015-08-07 Quarter: 2015-06-30
10-Q 2015-05-04 Quarter: 2015-03-31
10-K 2015-03-02 Annual: 2014-12-31
10-Q 2014-11-05 Quarter: 2014-09-30
10-Q 2014-08-08 Quarter: 2014-06-30
10-Q 2014-05-12 Quarter: 2014-03-31
10-K 2014-03-07 Annual: 2013-12-31
10-Q 2013-11-12 Quarter: 2013-09-30
10-Q 2013-08-07 Quarter: 2013-06-30
10-Q 2013-05-01 Quarter: 2013-03-31
10-K 2013-02-28 Annual: 2012-12-31
10-Q 2012-11-07 Quarter: 2012-09-30
10-Q 2012-08-10 Quarter: 2012-06-30
10-Q 2012-05-03 Quarter: 2012-03-31
10-K 2012-03-01 Annual: 2011-12-31
10-Q 2011-11-04 Quarter: 2011-09-30
10-Q 2011-08-15 Quarter: 2011-08-09
10-Q 2011-05-03 Quarter: 2011-05-02
10-K 2011-03-01 Annual: 2010-12-31
10-Q 2010-11-15 Quarter: 2010-09-30
10-Q 2010-08-16 Quarter: 2010-06-30
10-Q 2010-05-17 Quarter: 2010-03-31
10-K 2010-03-30 Annual: 2009-12-31
8-K 2020-01-01 M&A, Officers, Other Events, Exhibits
8-K 2019-12-19 Officers
8-K 2019-11-21 Enter Agreement, Other Events, Exhibits
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-09-17 Enter Agreement, Other Events, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-05-21 Shareholder Vote
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-02-07 Officers, Exhibits
8-K 2019-01-29 Earnings, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-09-18 Other Events, Exhibits
8-K 2018-07-26 Earnings, Other Events, Exhibits
8-K 2018-07-24 Enter Agreement, Officers, Other Events, Exhibits
8-K 2018-05-16 Shareholder Vote
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-02-08 Officers, Exhibits
8-K 2018-01-25 Earnings, Officers, Exhibits
8-K 2018-01-12 Other Events

Summit Financial Group Financials

SMMF Metrics, Comps, Filings

Annual | Quarterly

Business

Summit Financial Group, Inc. ("Company" or "Summit") is a $2.20 billion financial holding company headquartered in Moorefield, West Virginia incorporated on March 5, 1987. We provide community banking services primarily in the Eastern Panhandle and Southern regions of West Virginia and the Northern, Shenandoah Valley and Southwestern regions of Virginia. We provide these services through our community bank subsidiary, Summit Community Bank ("Summit Community" or "Bank"). We also operate Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia, which provides insurance brokerage services to individuals and businesses covering corporate and personal property and casualty insurance products, as well as group health and life insurance products and consulting services.

We provide a wide range of community banking services, including demand, savings and time deposits; commercial, real estate and consumer loans; trust and wealth management services; and cash management services. The deposits of Summit Community are insured by the Federal Deposit Insurance Corporation ("FDIC").

In order to compete with other financial service providers, we principally rely upon personal relationships established by our officers, directors and employees with our clients and specialized services tailored to meet our clients' needs. We have maintained a strong community orientation by, among other things, supporting the active participation of staff members in local charitable, civic, school, religious and community development activities. We also have a marketing program that primarily utilizes local radio and newspapers to advertise. Banking, like most industries, is becoming more dependent on technology as a means of marketing to customers, including the Internet, which we also utilize. This approach, coupled with continuity of service by the same staff members, enables Summit Community to develop long-term customer relationships, maintain high quality service and respond quickly to customer needs. We believe that our emphasis on local relationship banking, together with a prudent approach to lending, are important factors in our success and growth.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Cambridge Bancorp (CATC) 374 7.6 1% 2,741 2,504 0 0 22 44 336
Bridgewater Bancshares (BWB) 370 6.6 1% 2,124 1,894 0 0 30 46 304
Civista Bancshares (CIVB) 369 0% 9.0 1% 2,203 1,879 17 0 26 41 369
Guaranty Bancshares (GNTY) 362 5.2 1% 2,333 2,083 0 0 23 52 269
West Bancorporation (WTBA) 357 5.8 1% 2,363 2,161 0 0 28 66 380
Business First Bancshares (BFST) 349 0% 6.2 1% 2,154 1,876 4 0 20 46 285
Metropolitan Bank Holding (MCB) 348 -1.2 1% 2,961 2,679 0 0 28 69 -85
Citizens & Northern (CZNC) 348 9.4 1% 1,610 1,370 0 0 20 33 308
Enterprise Bancorp (EBTC) 343 2.5 1% 3,168 2,887 0 0 31 62 156
Macatawa Bank (MCBC) 338 7.7 1% 1,978 1,773 0 0 30 49 380
Summit Financial Group (SMMF) 328 3.8 1% 2,299 2,063 0 0 30 72 272
BSB Bancorp (BLMT) 323 2.5 1% 3,030 2,828 0 0 23 71 179
Spirit of Texas Bancshares (STXB) 318 6.8 1% 1,898 1,654 0 0 15 34 236
Peoples Financial Services (PFIS) 312 7.1 1% 2,324 2,033 0 0 27 47 335
Marlin Business Services (MRLN) 298 0% 2.8 2% 1,280 1,074 12 0 24 54 150
Republic First Bancorp (FRBK) 295 0% 8.5 0% 2,941 2,690 7 0 5 35 295
SmartFinancial (SMBK) 294 1.9 1% 2,391 2,092 0 0 25 49 94
Central Valley Community Bancorp (CVCY) 289 7.1 1% 1,613 1,382 0 0 22 34 241
Howard Bancorp (HBMD) 283 0% 9.2 0% 2,296 1,992 3 0 10 34 311
CapStar Financial (CSTR) 282 0% 3.0 1% 2,018 1,756 4 0 13 42 126

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash1512132475360
Accounts Receivable
Inventory
PP&E222139000038
Assets1,4501561591751691792242,201
Accounts Payable
Long-Term Debt203164777647461
Liabilities1,3484847432524221,981
Stockholders' Equity103109111132144155202220
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue2481178
Cost of Revenue
Gross Profit
R&D
SG&A011
Tax1-1137867
Net Income4681116171228
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating18-105105739
Cash Investing16-000-00-0-72
Cash Financing-34-2-03-21-6-640