Summit State Bank (Summit State Bank) Net Income From Continuing Operations : $6.71 Mil (TTM As of Dec. 2023)

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What is Summit State Bank Net Income From Continuing Operations?

Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. Summit State Bank's net income from continuing operations for the three months ended in Dec. 2023 was $1.90 Mil. Its net income from continuing operations for the trailing twelve months (TTM) ended in Dec. 2023 was $6.71 Mil.

Summit State Bank Net Income From Continuing Operations Historical Data

The historical data trend for Summit State Bank's Net Income From Continuing Operations 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.

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Summit State Bank Net Income From Continuing Operations Chart

Summit State Bank Annual Data

Trend

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Dec23

Net Income From Continuing Operations

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6.48

10.52

14.70

16.97

10.82

Summit State Bank Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Net Income From Continuing Operations	Get a 7-Day Free Trial															3.98	4.55	2.99	1.82	1.90

Summit State Bank Net Income From Continuing Operations Calculation

Net Income From Continuing Operations indicates the net income that a firm brings in from ongoing business activities. These activities are expected to continue into the next reporting period. It excludes extraordinary items, income from the cumulative effects of accounting changes, non-recurring items, income from tax loss carry forward, and preferred dividends.

Net Income From Continuing Operations for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $6.71 Mil.

Summit State Bank (Summit State Bank) Business Description

Industry

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Address

500 Bicentennial Way, Santa Rosa, CA, USA, 95403

Website

https://www.summitstatebank.com

Summit State Bank is a state-chartered commercial bank operating a traditional community banking business within the primary service area of Sonoma County in California, however, it also considers and makes loans to borrowers primarily from Marin, Napa, and San Francisco counties. The bank provides a broad array of financial services to small to medium-sized businesses and their owners and employees, entrepreneurs, high-net-worth families, foundations, estates, and individual consumers. Its lending activities are primarily focused on commercial real estate, construction, and business loans to targeted clientele. The bank also has loan production offices in California (Roseville, Irvine, and Tustin), Arizona (Scottsdale), Texas (Montgomery), and Washington (Mukilteo).