Summit State Bank (Summit State Bank) Dividend Payout Ratio : 0.41 (As of Dec. 2023)

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Summit State Bank Dividend Payout Ratio Definition

Summit State Bank's dividend payout ratio for the months ended in Dec. 2023 was 0.41.

The historical rank and industry rank for Summit State Bank's Dividend Payout Ratio or its related term are showing as below:

SSBI' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.42 Max: 0.85
Current: 0.36

During the past 13 years, the highest Dividend Payout Ratio of Summit State Bank was 0.85. The lowest was 0.19. And the median was 0.42.

SSBI's Dividend Payout Ratio is ranked worse than
53.3% of 1090 companies
in the Banks industry
Industry Median: 0.34 vs SSBI: 0.36

As of today (2024-04-24), the Dividend Yield % of Summit State Bank is 4.72%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Summit State Bank was 6.88%. The lowest was 1.99%. And the median was 3.41%.

Summit State Bank's Dividends per Share for the months ended in Dec. 2023 was $0.12.

During the past 3 years, the average Dividends Per Share Growth Rate was 3.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.30% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Summit State Bank was 26.00% per year. The lowest was 0.80% per year. And the median was 6.05% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Summit State Bank Dividend Payout Ratio Historical Data

The historical data trend for Summit State Bank's Dividend Payout Ratio 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 State Bank Dividend Payout Ratio Chart

Summit State Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.45

0.28

0.20

0.19

0.30

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
Dividend Payout Ratio	Get a 7-Day Free Trial															0.20	0.18	0.27	0.44	0.41

Competitive Comparison of Summit State Bank's Dividend Payout Ratio

For the Banks - Regional subindustry, Summit State Bank's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

For the Banks industry and Financial Services sector, Summit State Bank's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Summit State Bank's Dividend Payout Ratio falls into.

Summit State Bank Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Summit State Bank's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.48	/	1.62
	=	0.30

Summit State Bank's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.12	/	0.29
	=	0.41

Summit State Bank (NAS:SSBI) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Summit State Bank Dividend Payout Ratio 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 » Dividend Payout Ratio

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).