Summit State Bank (NASDAQ:SSBI) reported quarterly earnings of $0.27 per share. This is a 54.24 percent decrease over earnings of $0.59 per share from the same period last year.
Summit State Bank (NASDAQ:SSBI) reported quarterly earnings of $0.27 per share. This is a 54.24 percent decrease over earnings of $0.59 per share from the same period last year.
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SANTA ROSA, Calif., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income of $1,067,000, or $0.16 per diluted share for the fourth quarter ended December 31, 2025, compared to net loss of $7,142,000, or $1.06 loss per diluted share for the fourth quarter ended December 31, 2024. For the year ended December 31, 2025, the Bank reported net income of $6,796,000, or $1.01 per diluted share compared to a net loss of $4,193,000, or $0.62 loss per diluted share for the year ended December 31, 2024. "In 2025, our focus was on building a strong foundation for the future, and we made meaningful progress toward that goal," said Brian Reed, P
SANTA ROSA, Calif., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income of $818,000, or $0.12 per diluted share for the third quarter ended September 30, 2025, compared to net income of $626,000, or $0.09 per diluted share for the third quarter ended September 30, 2024. "The Bank delivered steady operating results in the third quarter of 2025, marking our third consecutive quarter of solid earnings," said Brian Reed, President and CEO. "Our operating performance was supported by higher net interest income and continued margin expansion compared to the same period last year. While we've made significant headway in resolving the problem l
SANTA ROSA, Calif., July 29, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income of $2,417,000, or $0.36 per diluted share for the second quarter ended June 30, 2025, compared to net income of $928,000, or $0.14 per diluted share for the second quarter ended June 30, 2024. "We delivered strong operating results in the second quarter of 2025 – our second consecutive quarter of solid earnings - driven by robust net interest income and meaningful margin expansion," said Brian Reed, President and CEO. "With notable progress made in addressing problem loans that weighed on 2024 results, we are encouraged by the momentum in our earnings outloo
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., Jan. 27, 2026 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income of $1,067,000, or $0.16 per diluted share for the fourth quarter ended December 31, 2025, compared to net loss of $7,142,000, or $1.06 loss per diluted share for the fourth quarter ended December 31, 2024. For the year ended December 31, 2025, the Bank reported net income of $6,796,000, or $1.01 per diluted share compared to a net loss of $4,193,000, or $0.62 loss per diluted share for the year ended December 31, 2024. "In 2025, our focus was on building a strong foundation for the future, and we made meaningful progress toward that goal," said Brian Reed, P
SANTA ROSA, Calif., Oct. 29, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income of $818,000, or $0.12 per diluted share for the third quarter ended September 30, 2025, compared to net income of $626,000, or $0.09 per diluted share for the third quarter ended September 30, 2024. "The Bank delivered steady operating results in the third quarter of 2025, marking our third consecutive quarter of solid earnings," said Brian Reed, President and CEO. "Our operating performance was supported by higher net interest income and continued margin expansion compared to the same period last year. While we've made significant headway in resolving the problem l
SANTA ROSA, Calif., July 29, 2025 (GLOBE NEWSWIRE) -- Summit State Bank (the "Bank") (NASDAQ:SSBI) today reported net income of $2,417,000, or $0.36 per diluted share for the second quarter ended June 30, 2025, compared to net income of $928,000, or $0.14 per diluted share for the second quarter ended June 30, 2024. "We delivered strong operating results in the second quarter of 2025 – our second consecutive quarter of solid earnings - driven by robust net interest income and meaningful margin expansion," said Brian Reed, President and CEO. "With notable progress made in addressing problem loans that weighed on 2024 results, we are encouraged by the momentum in our earnings outloo