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Summit Financial Group SMMF
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Quarterly report 2024-Q1
added 05-23-2026

Summit Financial Group Income Statement 2023-2008 | SMMF

Brief overview of financial results at Summit Financial Group

The overview follows changes across a five-year period. According to figures from Summit Financial Group, revenue changed from $85.7 million to $18.3 million over five years. The cumulative result was −78.7%, corresponding to roughly −26.6% per year. The negative rate indicates weakening core operations.

Over the period, net income shifted from 28.1 million dollars to 55.2 million dollars (+96.8%). Net income reached a five-year high at the end of the interval.

Market capitalization changed from $220 million to $376 million (+70.9%). Market value supported the favorable financial trajectory.

Summary assessment

The financial profile remains mixed, with strengths and risks moving in different directions. The financial profile benefits from net-income growth. The main areas of concern are weak sales momentum. The key question is whether sales can be converted into sustainable profit.

Annual Income Statement Summit Financial Group

2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Market Cap

376 M 292 M 355 M 280 M 320 M 220 M 283 M 261 M 106 M 76 M 62.5 M 30.4 M 17.2 M - - -

Shares

14.2 M 12.8 M 12.9 M 12.9 M 12.5 M 12.4 M 11.9 M 10.7 M 10.3 M 7.54 M 7.44 M 7.43 M 7.43 M 7.43 M - -

Historical Prices

26.4 22.9 27.4 21.6 25.5 17.8 23.8 24.4 10.3 10.1 8.39 4.1 2.31 - - -

Net Income

55.2 M 53.2 M 45.7 M 31.3 M 31.9 M 28.1 M 11.9 M 17.3 M 16.1 M 11.4 M 8.07 M 5.71 M 4.07 M -1.98 M -716 K -

Revenue

18.3 M 15.9 M 14.4 M 12.1 M 94.5 M 85.7 M 80.7 M 61.5 M 57.9 M 52.8 M 49.5 M 52 M 48 M - - -

Cost of Revenue

46.3 M 40.5 M 34.4 M 31.3 M 28.3 M 27.5 M 25.1 M 19.6 M 17.6 M 16.2 M 16.2 M 15.5 M 15.8 M 15.6 M 16.4 M -

Interest Expense

86 M 29.8 M 12.5 M 19.5 M 30 M 25.6 M 18.4 M 15.1 M 12.9 M 15.2 M 18.5 M 24.1 M 31.2 M 39.5 M 46 M -

EBITDA

3.85 M 3.61 M 3.59 M 3.22 M 2.61 M 2.17 M 1.89 M 1.22 M 1.08 M 1.07 M 1.16 M 1.29 M 1.39 M 1.57 M 1.6 M -

Operating Expenses

- - - - 86 M 78 M 76 M 49 M 48 M 53 M 58 M 70 M 78 M - - -

General and Administrative Expenses

- - - - 29.2 M 28.3 M 26.1 M 20.4 M 18.9 M 18 M 18.2 M 17.6 M 18.3 M - - -

All numbers in USD currency

Quarterly Income Statement 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

Shares

14.7 M 14.7 M 14.7 M 14.7 M 12.8 M 12.8 M 12.8 M 12.8 M 12.7 M 12.7 M 13 M 13 M 12.9 M 12.9 M 12.9 M 12.9 M 13 M 12.4 M 12.4 M 12.5 M 12.7 M 12.3 M 12.4 M 12.4 M 12.4 M 12.4 M 12.3 M 12.3 M 10.7 M 10.7 M 10.7 M 10.7 M 10.7 M 10.7 M 10.7 M 10.7 M 8.82 M 8.3 M 7.46 B 7.46 M 7.45 M 7.45 M 7.44 M 7.44 M 7.43 M - 7.43 M 7.43 M 7.43 M 7.43 M 7.43 M 7.43 M 7.43 M

Net Income

17 M - 16.3 M 8.21 M 14.1 M - 14.4 M 12 M 11.7 M - 12.2 M 10.6 M 10.4 M - 9.62 M 6.95 M 4.51 M - 8.06 M 8.56 M 7.09 M - 6.9 M 6.28 M 7.44 M - 5.93 M 5.28 M -1.62 M - 4.28 M 4.24 M 4.06 M 4.15 M 3.66 M 4.01 M 4.28 M 3.2 M 3.34 M 2.43 M 2.39 M 2.79 M 2.27 M 1.22 M 1.79 M 2.1 M 997 K 913 K 1.7 M 1.48 M 1.94 M 905 K -248 K

Revenue

4.5 M - 4.65 M 4.88 M 3.89 M - 4.08 M 4.17 M 3.75 M - 3.73 M - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Cost of Revenue

12.1 M - 12 M 12.2 M 10.8 M - 10.2 M 10 M 9.7 M - 8.74 M 8.23 M 8.44 M - 8.11 M 7.93 M 7.67 M - 7.04 M 7.58 M 7.35 M - 6.81 M 6.92 M 6.82 M - 6.61 M 6.76 M 5.19 M - 4.82 M 4.76 M 4.68 M - 4.48 M 4.44 M 4.19 M - 4.03 M 4.04 M 3.98 M - 4.05 M 3.99 M 4.12 M - 3.94 M 3.89 M 3.9 M - 3.96 M 4.19 M 3.97 M

Interest Expense

25.6 M - 23.4 M 20.6 M 16.3 M - 8.34 M 4.6 M 3.34 M - 2.84 M 3.14 M 3.51 M - 4.48 M 4.87 M 6.2 M - 7.83 M 7.62 M 7.3 M - 6.59 M 6.12 M 5.64 M - 4.8 M 4.38 M 4.04 M - 3.87 M 3.55 M 3.39 M 11.7 M 3.23 M 3.2 M 3.22 M 11 M 3.68 M 4.02 M 4.03 M 10 M 4.51 M 4.8 M 4.81 M 9.9 M 5.65 M 6.31 M 6.78 M 9.66 M 7.73 M 7.95 M 8.1 M

EBITDA

1.06 M - 2.82 M 1.84 M 869 K - 2.73 M 1.83 M 930 K - 2.65 M 1.72 M 859 K - 2.36 M 1.52 M 726 K - 1.92 M 1.24 M 601 K - 1.61 M 1.06 M 527 K - 1.36 M 851 K 355 K - 884 K 587 K 295 K - 790 K 523 K 260 K - 814 K 547 K 277 K - 878 K 587 K 298 K - 989 K 676 K 339 K - 1.06 M 709 K 362 K

All numbers in USD currency

The income statement is one of the three key financial reports of a company Summit Financial Group (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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