Summit State Bank posts Q4 profit as interest margin expands

Reuters

Jan 27

<a href="https://laohu8.com/S/SSBI">Summit State Bank</a> posts Q4 profit as interest margin expands

Overview

Community bank's Q4 net income was $1.067 mln,
Net interest margin rose to 3.62% from 2.88% a year ago
Non-performing assets decreased to $27.3 mln from $32.2 mln last year

Outlook

Summit State Bank aims to build on current momentum in the year ahead
Company focuses on reducing balance sheet risk and improving capital ratios
Summit State Bank working through credit challenges in loan portfolio

Result Drivers

NET INTEREST MARGIN - Improved net interest margin driven by favorable funding mix and asset repricing, per CEO Brian Reed
EXPENSE MANAGEMENT - Disciplined expense management contributed to profitability, with operating expenses decreasing significantly
CREDIT QUALITY - Reduction in non-performing assets and net charge-offs indicate improved asset quality

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q4 EPS		$0.16
Q4 Net Income		$1.07 mln
Q4 Basic EPS		$0.16
Q4 Net Interest Margin		3.62%

Press Release: ID:nGNX5x3HXh

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260127:nL1N3YS0OQ:1","article_id":"2606803417","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2606803417","pubTimestamp":1769523054,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Summit State Bank posts Q4 profit as interest margin expandsOverviewCommunity bank's Q4 net income was $1.067 mln, Net interest margin rose to 3.62% from 2.88% a year agoNon-performing assets decrease","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","SSBI":"Summit State Bank"},"translate_title":"随着息差扩大，峰会州立银行公布第四季度利润","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SSBI":0.9},"content_text":"Summit State Bank posts Q4 profit as interest margin expandsOverviewCommunity bank's Q4 net income was $1.067 mln, Net interest margin rose to 3.62% from 2.88% a year agoNon-performing assets decreased to $27.3 mln from $32.2 mln last yearOutlookSummit State Bank aims to build on current momentum in the year aheadCompany focuses on reducing balance sheet risk and improving capital ratiosSummit State Bank working through credit challenges in loan portfolioResult DriversNET INTEREST MARGIN - Improved net interest margin driven by favorable funding mix and asset repricing, per CEO Brian ReedEXPENSE MANAGEMENT - Disciplined expense management contributed to profitability, with operating expenses decreasing significantlyCREDIT QUALITY - Reduction in non-performing assets and net charge-offs indicate improved asset qualityKey DetailsMetricBeat/MissActualConsensus EstimateQ4 EPS$0.16Q4 Net Income$1.07 mlnQ4 Basic EPS$0.16Q4 Net Interest Margin3.62%Press Release: ID:nGNX5x3HXhFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}