Summit State Bank (Summit State Bank) Pre-Tax Income : $9.47 Mil (TTM As of Dec. 2023)

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What is Summit State Bank Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Summit State Bank's pretax income for the three months ended in Dec. 2023 was $2.71 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2023 was $9.47 Mil. Summit State Bank's pretax margin was 34.84%.

During the past 13 years, Summit State Bank's highest Pretax Margin was 50.58%. The lowest was 29.19%. And the median was 42.12%.

Summit State Bank Pre-Tax Income Historical Data

The historical data trend for Summit State Bank's Pre-Tax Income 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 Pre-Tax Income Chart

Summit State Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pre-Tax Income

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8.88

14.94

20.88

23.87

15.28

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
Pre-Tax Income	Get a 7-Day Free Trial															5.74	6.33	4.26	2.51	2.71

Competitive Comparison of Summit State Bank's Pre-Tax Income

For the Banks - Regional subindustry, Summit State Bank's Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income 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 State Bank's Pre-Tax Income Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Summit State Bank's Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Summit State Bank's Pre-Tax Income falls into.

Summit State Bank Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Summit State Bank's Pretax Income for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	15.281
	=	15.28

Summit State Bank's Pretax Income for the quarter that ended in Dec. 2023 is calculated as

Pretax Income	=	Operating Income	+	Other
	=	0	+	2.707
	=	2.71

Pre-Tax Income 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 $9.47 Mil.

Summit State Bank (NAS:SSBI) Pre-Tax Income Explanation

Summit State Bank's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pretax Income	/	Revenue
	=	2.707	/	7.77
	=	34.84%

During the past 13 years, Summit State Bank's highest Pretax Margin was 50.58%. The lowest was 29.19%. And the median was 42.12%.

Summit State Bank Pre-Tax Income Related Terms

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Summit State Bank (Summit State Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Summit State Bank (NAS:SSBI) » Definitions » Pre-Tax Income

Comparable Companies

Traded in Other Exchanges

N/A

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).