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Summit Financial Group (Summit Financial Group) Gross-Profit-to-Asset % : 3.96% (As of Dec. 2023)


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What is Summit Financial Group Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. Summit Financial Group's annualized Gross Profit for the quarter that ended in Dec. 2023 was $183.1 Mil. Summit Financial Group's average Total Assets over the quarter that ended in Dec. 2023 was $4,619.3 Mil. Therefore, Summit Financial Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 was 3.96%.


Summit Financial Group Gross-Profit-to-Asset % Historical Data

The historical data trend for Summit Financial Group's Gross-Profit-to-Asset % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Summit Financial Group Gross-Profit-to-Asset % Chart

Summit Financial Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.02 4.11 3.81 3.85 4.07

Summit Financial Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.95 3.84 4.20 3.98 3.96

Competitive Comparison of Summit Financial Group's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, Summit Financial Group's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Summit Financial Group's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Summit Financial Group's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where Summit Financial Group's Gross-Profit-to-Asset % falls into.



Summit Financial Group Gross-Profit-to-Asset % Calculation

Summit Financial Group's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=174.016/( (3916.692+4634.322)/ 2 )
=174.016/4275.507
=4.07 %

Summit Financial Group's annualized Gross-Profit-to-Asset % for the quarter that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=183.144/( (4604.208+4634.322)/ 2 )
=183.144/4619.265
=3.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Dec. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.


Summit Financial Group Gross-Profit-to-Asset % Related Terms

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Summit Financial Group (Summit Financial Group) Business Description

Traded in Other Exchanges
N/A
Address
300 North Main Street, Moorefield, WV, USA, 26836
Summit Financial Group Inc is a financial holding company. The company provides community banking services in the Eastern Panhandle, Southern, and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia. It provides 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.
Executives
Gary L Hinkle director PO BOX 65, CIRCLEVILLE WV 26804
Jill S Upson director 336 PEBBLE BEACH DRIVE, CHARLES TOWN WV 25414
Scott C Jennings director, officer: Senior VP/ COO PO BOX 438, MOOREFIELD WV 26836
Oscar M Bean director PO BOX 179, MOOREFIELD WV 26836
Joseph Hager officer: EVP & Chief Risk Officer 221 HAYES AVENUE, CHARLESTON WV 25314
Patricia L Owens officer: Ex. VP & Chief Banking Officer 9328 EAGEL CT, MANASSAS PARK VA 20111
Danyl R Freeman officer: EVP & Chief Human Resources Of 388 VALLEY VIEW ROAD, MOOREFIELD WV 26836
Angela R Zirk officer: EVP & Chief Experience Officer PO BOX 23, OLD FIELDS WV 26845
Lauren N. Kimlel officer: EVP & Chief Banking Officer 22453 INDIAN POINT ROAD, BOZMAN MD 21612
David Wilson director POST OFFICE BOX 2707, EASTON MD 21601
John H Shott director PO BOX 407, BLUEFIELD WV 24701
Jason A Kitzmiller director 8070 LUNICE CREEK, MAYSVILLE WV 26833
Charles Pieirillo director PO BOX 38, MADISON WV 25130
James M Cookman director PO BOX 179, MOOREFIELD WV 26836
Georgette R. George director PO BOX 8523, CHARLESTON WV 25303