1st Summit Bancorp Johnstown (1st Summit Bancorp Johnstown) Pretax Margin % : -1.11% (As of Sep. 2023)

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What is 1st Summit Bancorp Johnstown Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. 1st Summit Bancorp Johnstown's Pre-Tax Income for the three months ended in Sep. 2023 was $-0.09 Mil. 1st Summit Bancorp Johnstown's Revenue for the three months ended in Sep. 2023 was $7.65 Mil. Therefore, 1st Summit Bancorp Johnstown's pretax margin for the quarter that ended in Sep. 2023 was -1.11%.

The historical rank and industry rank for 1st Summit Bancorp Johnstown's Pretax Margin % or its related term are showing as below:

FSMK' s Pretax Margin % Range Over the Past 10 Years
Min: 13.27 Med: 30.87 Max: 35.38
Current: 13.27

FSMK's Pretax Margin % is not ranked
in the Banks industry.
Industry Median: 32.765 vs FSMK: 13.27

1st Summit Bancorp Johnstown Pretax Margin % Historical Data

The historical data trend for 1st Summit Bancorp Johnstown's Pretax Margin % 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 Pretax Margin % Chart

1st Summit Bancorp Johnstown Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Pretax Margin %

35.38

25.41

31.14

30.60

1st Summit Bancorp Johnstown Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Pretax Margin %	Get a 7-Day Free Trial											32.73	22.08	21.78	6.12	-1.11

Competitive Comparison of 1st Summit Bancorp Johnstown's Pretax Margin %

For the Banks - Regional subindustry, 1st Summit Bancorp Johnstown's Pretax Margin %, along with its competitors' market caps and Pretax Margin % 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 Pretax Margin % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, 1st Summit Bancorp Johnstown's Pretax Margin % distribution charts can be found below:

* The bar in red indicates where 1st Summit Bancorp Johnstown's Pretax Margin % falls into.

1st Summit Bancorp Johnstown Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

1st Summit Bancorp Johnstown's Pretax Margin for the fiscal year that ended in Dec. 2022 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	13.088	/	42.771
	=	30.60 %

1st Summit Bancorp Johnstown's Pretax Margin for the quarter that ended in Sep. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	-0.085	/	7.645
	=	-1.11 %

1st Summit Bancorp Johnstown (OTCPK:FSMK) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

1st Summit Bancorp Johnstown Pretax Margin % 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 » Pretax Margin %

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.

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