1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Gross-Profit-to-Asset % : 2.25% (As of Sep. 2023)

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What is 1st Summit Bancorp Johnstown 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. 1st Summit Bancorp Johnstown's annualized Gross Profit for the quarter that ended in Sep. 2023 was $30.58 Mil. 1st Summit Bancorp Johnstown's average Total Assets over the quarter that ended in Sep. 2023 was $1,361.03 Mil. Therefore, 1st Summit Bancorp Johnstown's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 was 2.25%.

1st Summit Bancorp Johnstown Gross-Profit-to-Asset % Historical Data

The historical data trend for 1st Summit Bancorp Johnstown'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.

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1st Summit Bancorp Johnstown Gross-Profit-to-Asset % Chart

1st Summit Bancorp Johnstown Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Gross-Profit-to-Asset %

3.22

2.97

3.20

3.18

1st Summit Bancorp Johnstown Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross-Profit-to-Asset %	Get a 7-Day Free Trial											3.32	2.93	2.90	2.54	2.25

Competitive Comparison of 1st Summit Bancorp Johnstown's Gross-Profit-to-Asset %

For the Banks - Regional subindustry, 1st Summit Bancorp Johnstown'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.

1st Summit Bancorp Johnstown's Gross-Profit-to-Asset % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, 1st Summit Bancorp Johnstown's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where 1st Summit Bancorp Johnstown's Gross-Profit-to-Asset % falls into.

1st Summit Bancorp Johnstown Gross-Profit-to-Asset % Calculation

1st Summit Bancorp Johnstown's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2022 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (A: Dec. 2022 )	/	( (Total Assets (A: Dec. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
	=	42.771	/	( (1324.223	+	1361.775)	/ 2 )
	=	42.771	/	1342.999
	=	3.18 %

1st Summit Bancorp Johnstown's annualized Gross-Profit-to-Asset % for the quarter that ended in Sep. 2023 is calculated as:

Gross-Profit-to-Asset %	=	Gross Profit (Q: Sep. 2023 )	/	( (Total Assets (Q: Jun. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	30.58	/	( (1361.027	+	0)	/ 1 )
	=	30.58	/	1361.027
	=	2.25 %

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 (Sep. 2023) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

1st Summit Bancorp Johnstown Gross-Profit-to-Asset % Related Terms

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1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » 1st Summit Bancorp Johnstown Inc (OTCPK:FSMK) » Definitions » Gross-Profit-to-Asset %

Comparable Companies

Traded in Other Exchanges

N/A

Address

125 Donald Lane, P.O. Box 5480, Johnstown, PA, USA, 15904

Website

https://www.1stsummit.bank

1st Summit Bancorp Johnstown Inc through its subsidiaries provides banking, trust, financial and investment services to individuals and businesses. The company accepts various deposits, such as checking, savings, interest-bearing and noninterest-bearing demand deposit, money market, and individual retirement accounts, as well as certificates of deposit. It offers personal loans, including auto, recreational vehicle, bill consolidation, credit line, and educational loans; home equity loans; home equity line of credit; home mortgage loans; mortgage construction; business lines of credit; residential real estate loans; residential and commercial mortgage; equipment loans; equipment leasing; small business administration loans; and commercial vehicle loans.

1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Headlines

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