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added 05-02-2024
Summit Financial Group Long-Term Debt 2011-2026 | SMMF
Long-term debt is a financial obligation of a company or an individual with a repayment period exceeding one year from the date it arises. In accounting, such obligations are recorded under the "long-term liabilities" section.
Main characteristics:- Term exceeds 12 months
- Can take the form of bonds, bank loans, credit lines, leasing, or loans from affiliated parties
- Repaid through regular payments (interest and/or principal) over several years
- Investment in development
Allows financing of large projects — new factories, production lines, innovative developments — without diverting working capital. - Smoothing of cash flows
A long-term payment schedule facilitates budget planning and reduces short-term financial risks. - Optimization of capital structure
A combination of equity and borrowed capital can reduce the average cost of business financing.
A high level of long-term debt may indicate that a company heavily relies on borrowed funds. This increases risks, especially in conditions of rising interest rates or declining profits. However, a moderate level of debt can signal a sound growth strategy — for example, the company takes a loan to expand its business.
If a company uses borrowed funds effectively (e.g., invests in profitable projects), this can lead to profit growth and, consequently, an increase in stock value. An investor evaluates whether the investments made using debt are paying off.
It is important to monitor whether the company can regularly pay interest and repay the principal. Payment difficulties can lead to reduced dividends, a drop in stock value, and even bankruptcy.
Examples of long-term debt:- Mortgage loans for property purchases
- Corporate bonds issued by a company to raise capital
- Project financing — long-term loans for building or expanding production facilities
- Leasing obligations for equipment or transport
Annual Long-Term Debt Summit Financial Group
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 637 K | 658 K | 679 K | 49.7 M | 20.3 M | 20.3 M | 20.3 M | 21.3 M | 23.2 M | 41.9 M | 128 M | 168 M | 307 M |
All numbers in USD currency
Indicator range from annual reports
| Maximum | Minimum | Average |
|---|---|---|
| 307 M | 637 K | 61.6 M |
Quarterly Long-Term Debt Summit Financial Group
| 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 630 K | 637 K | 642 K | 648 K | 653 K | 658 K | 663 K | - | 674 K | 679 K | 684 K | 689 K | 694 K | 699 K | 699 K | 699 K | 699 K | 717 K | 717 K | 717 K | 717 K | 735 K | 735 K | 735 K | 735 K | 45.8 M | 45.8 M | 45.8 M | 45.8 M | 46.7 M | 46.7 M | 46.7 M | 46.7 M | 75.6 M | 75.6 M | 75.6 M | 75.6 M | 77.5 M | 500 K | 77.5 M | 77.5 M | 164 M | 164 M | 164 M | 8.92 M | 8.58 M | 9.03 M | 9.03 M | 9.48 M | 9.93 M | 9.93 M | 9.93 M | - |
All numbers in USD currency
Indicator range from quarterly reporting
| Maximum | Minimum | Average |
|---|---|---|
| 164 M | 500 K | 29.2 M |
Long-Term Debt of other stocks in the Banks regional industry
| Issuer | Long-Term Debt | Price | % 24h | Market Cap | Country | |
|---|---|---|---|---|---|---|
 |
Atlantic Capital Bancshares
ACBI
|
73.8 M | - | -1.48 % | $ 566 M |  USA |
 |
Allegiance Bancshares
ABTX
|
264 M | - | -0.86 % | $ 1.51 B | USA |
 |
Signature Bank
SBNY
|
3.67 B | - | - | $ 4.41 B | USA |
 |
First Midwest Bancorp, Inc.
FMBI
|
1.64 B | - | -1.2 % | $ 2.26 B | USA |
 |
BankFinancial Corporation
BFIN
|
4 M | - | - | $ 151 M | USA |
 |
Banco Santander-Chile
BSAC
|
14.5 T | $ 34.85 | 0.9 % | $ 3.42 T |  Chile |
 |
1895 Bancorp of Wisconsin
BCOW
|
17.6 M | - | -6.47 % | $ 52 M | USA |
 |
Bancolombia S.A.
CIB
|
30.9 T | $ 73.86 | -1.99 % | $ 13.9 B |  Colombia |
 |
Civista Bancshares
CIVB
|
256 M | $ 24.17 | 1.98 % | $ 421 M | USA |
 |
Banco Macro S.A.
BMA
|
39.2 B | $ 80.4 | -0.51 % | $ 14.4 M |  Argentina |
 |
CBTX
CBTX
|
50 M | - | 1.49 % | $ 1.51 B | USA |
 |
Camden National Corporation
CAC
|
69.1 M | $ 51.27 | 1.91 % | $ 866 M | USA |
 |
CrossFirst Bankshares
CFB
|
1.92 B | - | - | $ 784 M | USA |
 |
C&F Financial Corporation
CFFI
|
69.8 M | $ 76.83 | 3.22 % | $ 249 M | USA |
 |
Banc of California
BANC
|
2.06 B | $ 18.69 | 1.08 % | $ 2.99 B | USA |
 |
Citizens Holding Company
CIZN
|
18 M | - | -5.65 % | $ 49.5 M | USA |
 |
Comerica Incorporated
CMA
|
6.67 B | - | - | $ 11.8 B | USA |
 |
Cadence Bancorporation
CADE
|
373 M | - | - | $ 5.43 B | USA |
 |
Cincinnati Bancorp
CNNB
|
47.2 M | - | -4.28 % | $ 43.3 M | USA |
 |
Auburn National Bancorporation
AUBN
|
3.22 M | $ 24.01 | - | $ 83.9 M | USA |
 |
Popular
BPOP
|
1.1 B | $ 146.82 | 1.0 % | $ 9.92 B | USA |
 |
Banco BBVA Argentina S.A.
BBAR
|
1.17 B | $ 16.13 | -2.06 % | $ 450 B | Argentina |
 |
American National Bankshares
AMNB
|
35.5 M | - | - | $ 508 M | USA |
 |
Codorus Valley Bancorp
CVLY
|
42.4 M | - | - | $ 231 M | USA |
 |
Banco Bradesco S.A.
BBDO
|
213 B | $ 3.54 | 2.31 % | $ 13.1 M |  Brasil |
 |
Spirit of Texas Bancshares, Inc.
STXB
|
92.2 M | - | -0.23 % | $ 446 M | USA |
 |
Dime Community Bancshares
DCOM
|
1.32 B | - | - | $ 1.48 B | USA |
 |
First Busey Corporation
BUSE
|
114 M | $ 26.95 | 1.01 % | $ 2.26 B | USA |
 |
People's United Financial, Inc.
PBCT
|
1.02 B | - | - | $ 8.34 B | USA |
|
Dime Community Bancshares
DCOMP
|
1.32 B | - | - | $ 796 M | USA |
 |
CNB Financial Corporation
CCNE
|
84.9 M | $ 31.31 | 1.72 % | $ 770 M | USA |
 |
Enterprise Bancorp
EBTC
|
111 M | - | - | $ 491 M | USA |
 |
Enterprise Financial Services Corp
EFSC
|
398 M | $ 59.02 | 1.55 % | $ 2.18 B | USA |
 |
Grupo Financiero Galicia S.A.
GGAL
|
52.6 B | $ 47.93 | 0.76 % | $ 3.54 B | Argentina |
 |
Capstar Financial Holdings
CSTR
|
10 M | - | - | $ 425 M | USA |
 |
American River Bankshares
AMRB
|
13.8 M | - | 2.00 % | $ 125 M | USA |
 |
Bank of Commerce Holdings
BOCH
|
25.3 M | - | -1.56 % | $ 254 M | USA |
 |
Axos Financial
AX
|
313 M | $ 93.61 | 0.49 % | $ 5.32 B | USA |
 |
Emclaire Financial Corp
EMCF
|
15 M | - | -4.21 % | $ 86.4 M | USA |
 |
Fidelity D & D Bancorp
FDBC
|
15 M | $ 46.58 | 1.59 % | $ 269 M | USA |
 |
Glen Burnie Bancorp
GLBZ
|
10 M | - | - | $ 12.5 M | USA |
 |
CIT Group Inc.
CIT
|
5.84 B | - | -1.4 % | $ 4.74 B | USA |
 |
Guaranty Bancshares
GNTY
|
45.8 M | - | - | $ 570 M | USA |
 |
ESSA Bancorp
ESSA
|
14.2 M | - | - | $ 196 M | USA |
 |
Evans Bancorp
EVBN
|
21.3 M | - | 2.41 % | $ 218 M | USA |
 |
ConnectOne Bancorp
CNOB
|
629 M | $ 28.25 | -0.49 % | $ 1.28 B | USA |
 |
HarborOne Bancorp
HONE
|
517 M | - | - | $ 499 M | USA |
 |
First BanCorp.
FBP
|
562 M | $ 23.0 | 1.91 % | $ 3.78 B |  Puerto-rico |
 |
Financial Institutions
FISI
|
194 M | $ 34.39 | 1.51 % | $ 691 M | USA |
 |
CVB Financial Corp.
CVBF
|
46.5 M | $ 20.75 | 2.22 % | $ 2.84 B | USA |