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SOME (Somerset Trust Holding Co) Total Assets : $2,354.62 Mil (As of Sep. 2024)


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What is Somerset Trust Holding Co Total Assets?

Somerset Trust Holding Co's Total Assets for the quarter that ended in Sep. 2024 was $2,354.62 Mil.

During the past 12 months, Somerset Trust Holding Co's average Total Assets Growth Rate was 10.70% per year. During the past 3 years, the average Total Assets Growth Rate was 14.70% per year.

During the past 4 years, Somerset Trust Holding Co's highest 3-Year average Total Assets Growth Rate was 14.70%. The lowest was 14.70%. And the median was 14.70%.

Total Assets is connected with ROA %. Somerset Trust Holding Co's annualized ROA % for the quarter that ended in Sep. 2024 was 1.21%. Total Assets is also linked to Revenue through Asset Turnover. Somerset Trust Holding Co's Asset Turnover for the quarter that ended in Sep. 2024 was 0.01.


Somerset Trust Holding Co Total Assets Historical Data

The historical data trend for Somerset Trust Holding Co's Total Assets 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.

Somerset Trust Holding Co Total Assets Chart

Somerset Trust Holding Co Annual Data
Trend Dec19 Dec20 Dec21 Dec22
Total Assets
1,335.85 1,610.53 1,867.43 2,017.48

Somerset Trust Holding Co Quarterly Data
Dec19 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Mar24 Jun24 Sep24
Total Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2,071.02 - 2,254.30 2,296.77 2,354.62

Somerset Trust Holding Co Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Somerset Trust Holding Co's Total Assets for the fiscal year that ended in Dec. 2022 is calculated as

Total Assets=Total Equity (A: Dec. 2022 )+Total Liabilities (A: Dec. 2022 )
=102.869+1914.608
=2,017.48

Somerset Trust Holding Co's Total Assets for the quarter that ended in Sep. 2024 is calculated as

Total Assets=Total Equity (Q: Sep. 2024 )+Total Liabilities (Q: Sep. 2024 )
=159.944+2194.676
=2,354.62

* 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.


Somerset Trust Holding Co  (OTCPK:SOME) Total Assets Explanation

Total Assets is connected with ROA %.

Somerset Trust Holding Co's annualized ROA % for the quarter that ended in Sep. 2024 is

ROA %=Net Income (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=28.14/( (2296.77+2354.62)/ 2 )
=28.14/2325.695
=1.21 %

Note: The Net Income data used here is four times the quarterly (Sep. 2024) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Somerset Trust Holding Co's Asset Turnover for the quarter that ended in Sep. 2024 is

Asset Turnover
=Revenue (Q: Sep. 2024 )/( (Total Assets (Q: Jun. 2024 )+Total Assets (Q: Sep. 2024 ))/ count )
=25.745/( (2296.77+2354.62)/ 2 )
=25.745/2325.695
=0.01

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Somerset Trust Holding Co Total Assets Related Terms

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Somerset Trust Holding Co Business Description

Traded in Other Exchanges
N/A
Address
151 West Main Street, P.O. Box 777, Somerset, PA, USA, 15501
Somerset Trust Holding Co is a state-chartered bank, which offers a variety of consumer and commercial lending and deposit products, together with trust and investment management services, an extensive ATM network, and online and mobile banking for consumers and businesses. The Company's and the Bank's revenues are derived from the Bank's portfolio of residential real estate, commercial mortgage and commercial and consumer loans, investment and trust services, and securities portfolio.

Somerset Trust Holding Co Headlines