Summit State Bank (NASDAQ:SSBI) reported quarterly earnings of $0.21 per share. This is a 66.13 percent decrease over earnings of $0.62 per share from the same period last year.
Today, February 15, 2024, Summit State Bank (NASDAQ:SSBI) will distribute a dividend payout of $0.12 per share, highlighting an annualized dividend yield of 4.03%. Shareholders who owned the stock before the ex-dividend date on February 07, 2024 will be eligible for this payout. Summit State Bank Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:
Tuesday marks the last chance for investors to receive the next dividend payout from Summit State Bank (NASDAQ:SSBI). What's Happening The company announced on Monday that it would pay shareholders a quarterly dividend of 12 cents per share. On Wednesday, Summit State Bank will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 12 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Wednesday. Shareholders who own SSBI as of the end of Tuesday's session are eligible to receive the 12 cents
SANTA ROSA, Calif., Oct. 28, 2021 (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ:SSBI) appointed Belinda Guadarrama to its Board of Directors. "We are pleased to welcome Ms. Guadarrama as a Director. Belinda's experience and advocacy of small and minority businesses, and dedication to the community, has earned her local and national recognition through various prestigious awards, including California State Small Business Person of the Year by the Small Business Association, Hispanic Business Woman of the Year by the United States Hispanic Chamber of Commerce, the National Director's Legacy Award for Lifetime Achievement by the U.S. Department of Commerce Minority Development Agency, and Th
SANTA ROSA, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Summit State Bank's (the "Bank") (NASDAQ:SSBI) Board of Directors declared the Bank's eighty third consecutive quarterly cash dividend to common shareholders for $0.04 per share on September 11, 2024. The dividend will be paid on October 10, 2024, to shareholders of record on October 3, 2024. "The current rate environment, and its impact on earnings, led to our decision to reduce the quarterly cash dividend. The dividend reduction reflects the Bank's deliberate approach to build capital," said Brian Reed, President and CEO. "We recognize the importance and impact of the dividend reduction on all of our shareholders, and it was not mad
SANTA ROSA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income for the second quarter ended June 30, 2024 of $928,000, or $0.14 per diluted share, compared to net income of $2,985,000, or $0.45 per diluted share for the second quarter ended June 30, 2023. "Our second quarter earnings continue to be directly impacted by the high interest rate environment and its impact on funding costs, a challenge that is affecting the entire banking industry," said Brian Reed, President and CEO. "We are implementing steps to grow net income and remain focused on improving our financial performance. Loan balances decreased modestly during the s
SANTA ROSA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income for the first quarter ended March 31, 2024 of $1,395,000, or $0.21 per diluted share, compared to net income of $4,116,000, or $0.62 per diluted share for the first quarter ended March 31, 2023. The Board of Directors declared the Bank's eighty second consecutive quarterly cash dividend for common shareholders of $0.12 per share on April 29, 2024. It will be paid on May 23, 2024, to shareholders of record on May 16, 2024. "First quarter earnings were impacted by current challenges facing the entire banking industry. We are implementing steps to reverse declines in
SANTA ROSA, Calif., Sept. 12, 2024 (GLOBE NEWSWIRE) -- Summit State Bank's (the "Bank") (NASDAQ:SSBI) Board of Directors declared the Bank's eighty third consecutive quarterly cash dividend to common shareholders for $0.04 per share on September 11, 2024. The dividend will be paid on October 10, 2024, to shareholders of record on October 3, 2024. "The current rate environment, and its impact on earnings, led to our decision to reduce the quarterly cash dividend. The dividend reduction reflects the Bank's deliberate approach to build capital," said Brian Reed, President and CEO. "We recognize the importance and impact of the dividend reduction on all of our shareholders, and it was not mad
SANTA ROSA, Calif., July 31, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income for the second quarter ended June 30, 2024 of $928,000, or $0.14 per diluted share, compared to net income of $2,985,000, or $0.45 per diluted share for the second quarter ended June 30, 2023. "Our second quarter earnings continue to be directly impacted by the high interest rate environment and its impact on funding costs, a challenge that is affecting the entire banking industry," said Brian Reed, President and CEO. "We are implementing steps to grow net income and remain focused on improving our financial performance. Loan balances decreased modestly during the s
SANTA ROSA, Calif., April 30, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income for the first quarter ended March 31, 2024 of $1,395,000, or $0.21 per diluted share, compared to net income of $4,116,000, or $0.62 per diluted share for the first quarter ended March 31, 2023. The Board of Directors declared the Bank's eighty second consecutive quarterly cash dividend for common shareholders of $0.12 per share on April 29, 2024. It will be paid on May 23, 2024, to shareholders of record on May 16, 2024. "First quarter earnings were impacted by current challenges facing the entire banking industry. We are implementing steps to reverse declines in