Summit Bank Group, Inc. (SBKO)
Summit Bank Group, Inc., together with its subsidiaries, commercial banking, financing, real estate lending, and other services in Lane, Deschutes, Multnomah, and Washington counties in Oregon. It accepts various deposit products; certificate of deposit and money market accounts; and offers loan products, including commercial real estate, multi-family real estate, commercial and industrial, and secured and unsecured consumer loans, as well as real estate acquisition, development, and construction loans. The company also provides retail lockbox, online and mobile banking, remote deposit capture, and debit and credit card services. The company was founded in 2004 and is based in Eugene, Oregon.
Sector: Banks - Regional
Industry: Banks - Regional
Summit Bank Group, Inc.
OTC:SBKOFinancial Services · Banks - Regional
-0.82%$25.45
Mkt Cap$198.56M
Float7.56M
O/S7.8M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$82.55M
Net Income$14.37M
Total Assets$1.28B
Free Cash Flow$27.28M
Debt & Equity
Debt 16%
Equity 84%
Total Debt$23.5M
Total Equity$124.61M
Shares Outstanding
Short Interest
Split History3 splits
- 1.3:1Forward splitApr 9, 20211 share → 1.3
- 1.3:1Forward splitJun 28, 20181 share → 1.3
- 1.5:1Forward splitDec 16, 20161 share → 1.5
Balance Sheet Details
Assets$1.28B
Liabilities$1.16B
Accounts Receivable$4.14M
Accounts Payable$0
Inventory$0
PP&E (Net)$13.14M
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2007-12-31 | 2006-12-31 |
| Revenue | $82.55M | $44.59M | $38.02M | $39.34M | $36.34M | $31.48M | $28.71M | $23.27M | $17.73M | $13.78M | $10.84M | $8.93M | $6.7M | $3.38M | $2.54M |
| YoY Growth | 85.1% | 17.3% | -3.4% | 8.3% | 15.4% | 9.6% | 23.4% | 31.3% | 28.6% | 27.2% | 21.4% | 33.2% | 98.2% | 33.0% | - |
| Cost of Revenue | $30.57M | $0 | $0 | $0 | $0 | $1.34M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Gross Profit | $51.99M | $44.59M | $38.02M | $39.34M | $35.13M | $26.36M | $28.71M | $23.27M | $17.73M | $13.78M | $10.84M | $8.93M | $6.7M | $3.38M | $2.54M |
| Gross Margin | 63.0% | 100.0% | 100.0% | 100.0% | 96.7% | 83.7% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $0 | $1.45M | $1.36M | $1.23M | $1.07M | $941K | $956K | $646K | $599K | $6.42M | $5.51M | $4.47M | $3.85M | $1.58M | $1.09M |
| Other | $32.53M | $27.77M | $19.77M | $16.94M | $19.46M | $18.15M | $2.76M | -$2.6M | -$2.22M | -$1.64M | $0 | $0 | $0 | -$4.27M | -$3.26M |
| Total Operating Expenses | $32.53M | $29.23M | $21.13M | $18.17M | $20.53M | $19.09M | $3.72M | $2.6M | $2.22M | $1.64M | $6.43M | $5.14M | $4.41M | -$2.69M | -$2.16M |
| Operating Income (EBIT) | $19.46M | $21.82M | $12.22M | $18.03M | $14.67M | $10.89M | $7.72M | $7.88M | $6.09M | $4.67M | $4.44M | $3.82M | $2.32M | $695K | $380K |
| Operating Margin | 23.6% | 48.9% | 32.1% | 45.8% | 40.4% | 34.6% | 26.9% | 33.9% | 34.4% | 33.9% | 41.0% | 42.8% | 34.6% | 20.5% | 14.9% |
| Interest Expense | $24.45M | $27.25M | $18.75M | $4.21M | $651K | $1.34M | $3.12M | $2.08M | $677K | $0 | $0 | $0 | $0 | $2.51M | $1.78M |
| Interest Income | $80.64M | $78.19M | $65.22M | $45.45M | $34.46M | $29.75M | $26.89M | $21.54M | $16.37M | $0 | $0 | $0 | $0 | $5.51M | $4.17M |
| Other Income (Expense) | $1K | -$6.8M | -$4.67M | -$3.14M | $0 | -$228K | $0 | -$1.54M | -$1.33M | -$70K | -$919K | -$672K | -$563K | $0 | $0 |
| Income Before Tax (EBT) | $19.46M | $15.02M | $12.22M | $18.03M | $14.6M | $10.66M | $7.51M | $7.75M | $5.92M | $4.6M | $4.41M | $3.79M | $2.29M | $695K | $380K |
| Income Tax Expense | $5.09M | $3.72M | $3.3M | $4.48M | $3.73M | $2.73M | $1.89M | $1.99M | $2.64M | $1.74M | $1.67M | $1.39M | $857K | $257K | -$254K |
| Net Income | $14.37M | $11.31M | $8.92M | $13.55M | $10.87M | $7.93M | $5.62M | $5.76M | $3.28M | $2.86M | $2.74M | $2.4M | $1.44M | $438K | $634K |
| Net Income Margin | 17.4% | 25.4% | 23.5% | 34.5% | 29.9% | 25.2% | 19.6% | 24.8% | 18.5% | 20.7% | 25.3% | 26.9% | 21.4% | 12.9% | 24.9% |
| Supplementary Data | |||||||||||||||
| EPS | 1.85 | 1.47 | 1.15 | 1.78 | 1.44 | 1.11 | 0.87 | 0.90 | 0.54 | 0.52 | 0.51 | 0.47 | 0.29 | 0.10 | 0.14 |
| Diluted EPS | 1.83 | 1.45 | 1.15 | 1.76 | 1.42 | 1.10 | 0.86 | 0.88 | 0.53 | 0.51 | 0.51 | 0.46 | 0.29 | 0.09 | 0.14 |
| Weighted Average OS | 7.75M | 7.71M | 7.75M | 7.62M | 7.55M | 7.12M | 6.47M | 6.42M | 6.13M | 5.50M | 5.35M | 5.12M | 4.92M | 4.59M | 4.53M |
| EBITDA | $19.46M | $15.89M | $12.86M | $18.56M | $15.11M | $1.72M | $13.73M | $0 | $0 | $4.94M | $4.71M | $3.95M | $2.47M | $0 | $0 |
| EBITDA Margin | 23.6% | 35.6% | 33.8% | 47.2% | 41.6% | 5.5% | 47.8% | - | - | 35.9% | 43.4% | 44.3% | 36.8% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2007-12-31 | 2006-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $118.64M | $28.69M | $74.4M | $140.32M | $196.99M | $22.23M | $14.65M | $17.17M | $12.46M | $13.43M | $19.33M | $13.02M | $12.29M | $7.83M | $3.73M |
| Short-Term Investments | $0 | $0 | $18.51M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $118.64M | $133.93M | $92.92M | $140.32M | $196.99M | $22.23M | $14.65M | $17.17M | $12.46M | $13.43M | $19.33M | $13.02M | $12.29M | $7.83M | $3.73M |
| Accounts Receivable | $4.14M | $4.03M | $3.95M | $3.17M | $2.25M | $2.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $368K | $344K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $457K | $79.03M | $343K | $29K | $141.23M | $37.02M | $58.68M | $43.03M | $38.49M | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $122.78M | $138.42M | $175.89M | $143.83M | $199.27M | $165.56M | $51.67M | $58.68M | $43.03M | $38.49M | $19.33M | $13.02M | $12.29M | $8.2M | $4.07M |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $13.14M | $14.71M | $10.66M | $7.66M | $6.71M | $6.34M | $6.74M | $5.77M | $4.83M | $4.93M | $5.16M | $2.82M | $2.77M | $2.99M | $3.01M |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $3.95M | $3.17M | $2.25M | $2.1M | $0 | $0 | $0 | $0 | $0 | $43K | $66K | $0 | $0 |
| Long-Term Investments | $1.13B | $1.04B | -$18.51M | $732.14M | $16.57M | $13K | $6.62M | $3.19M | $2.95M | $2.56M | $0 | $0 | $0 | $8.72M | $6.39M |
| Deferred Tax Assets | $5.57M | $5.42M | $0 | $5.08M | $3.22M | $2.26M | $1.75M | $1.41M | $1.02M | $1.3M | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $12.07M | $60.95M | $99.46M | -$705.04M | $6.97M | $15.21M | $4.54M | $4.56M | $4.23M | $3.97M | $211.82M | $163.39M | $137.34M | -$11.7M | -$9.41M |
| Total Long-Term Assets | $1.16B | $1.12B | $1.05B | $827.58M | $705.01M | $596.41M | $455.99M | $358M | $292.76M | $243.72M | $216.98M | $166.25M | $140.17M | $11.7M | $9.41M |
| Other Assets | $0 | $0 | -$142.76M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $69.8M | $63.24M |
| Total Assets | $1.28B | $1.25B | $1.08B | $971.41M | $904.28M | $761.97M | $507.66M | $416.68M | $335.79M | $282.21M | $236.3M | $179.27M | $152.46M | $89.7M | $76.72M |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $0 | $546K | $97K | $151K | $251K | $274K | $232K | $108K | $90K | $0 | $0 | $0 | $0 | $233K | $0 |
| Short-Term Debt | $2.45M | $1.89M | $3.81M | $1.78M | $1.6M | $22.63M | $1.81M | $1.61M | $136K | $1.63M | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$151K | $0 | -$274K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $1.11B | $916.99M | $855.15M | $223.53M | -$22.36M | $136.18M | -$1.72M | -$226K | $226.25M | $0 | $0 | $46.63M | -$233K | -$115K |
| Total Current Liabilities | $2.45M | $1.12B | $920.99M | $856.94M | $225.63M | $274K | $138.22M | $353.46M | $272.61M | $227.97M | $75K | $70K | $63K | $233K | $0 |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $18.52M | $18.48M | $54.67M | $19.63M | $19.59M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $136K | $2.16M | $2.26M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $3.49M | $3.91M | $2.38M | $2.43M | $1.77M | $837K | $277K | $210K | $101K | $216K | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $1.13B | $1.13B | $925.51M | $7.46M | $582.89M | $696.87M | $459.89M | -$210K | $301.06M | $29.14M | $0 | $0 | $138.23M | -$2.16M | -$2.26M |
| Total Long-Term Liabilities | $1.16B | $1.15B | $982.71M | $29.85M | $604.45M | $698M | $322.61M | $22.65M | $28.65M | $29.36M | $0 | $0 | $138.3M | $2.16M | $2.26M |
| Other Liabilities | $0 | $0 | -$918.61M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $77.46M | $0 |
| Total Liabilities | $1.16B | $1.15B | $985.1M | $886.79M | $830.07M | $698.84M | $460.83M | $376.11M | $301.26M | $257.32M | $75K | $70K | $138.36M | $79.85M | $2.26M |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $32.2M | $31.68M | $31.08M | $30.4M | $29.68M | $29.15M | $20.79M | $20.17M | $19.89M | $13.53M | $13.23M | $11.05M | $10.67M | $9.86M | $0 |
| Retained Earnings | $92.98M | $78.62M | $67.31M | $58.39M | $44.84M | $33.97M | $26.03M | $20.41M | $14.65M | $11.37M | $8.51M | $5.77M | $3.37M | $1K | -$436K |
| Comprehensive Income & Other | -$571K | -$1.57M | -$2.74M | -$4.17M | -$310K | $17K | $3K | -$23K | -$8K | -$7K | $8K | $22K | $51K | -$11K | -$46K |
| Other Stockholders' Equity | -$571K | -$1.57M | -$2.74M | -$4.17M | -$310K | $17K | $3K | -$23K | -$8K | -$7K | $8K | $22K | $51K | -$11K | $9.61M |
| Total Equity | $124.61M | $108.73M | $95.66M | $84.62M | $74.21M | $63.13M | $46.83M | $40.56M | $34.53M | $24.89M | $21.75M | $16.85M | $14.1M | $9.85M | $9.17M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.28B | $1.25B | $1.08B | $971.41M | $904.28M | $761.97M | $507.66M | $416.68M | $335.79M | $282.21M | $21.83M | $16.92M | $152.46M | $89.7M | $11.43M |
| Supplementary Data | |||||||||||||||
| Total Debt | $23.5M | $18.48M | $58.64M | $21.76M | $21.39M | $22.93M | $2.2M | $1.61M | $136K | $1.63M | $0 | $0 | $136K | $2.16M | $2.26M |
| Net Debt | -$95.14M | -$10.2M | -$15.76M | -$118.56M | -$175.61M | -$22.23M | -$12.45M | -$15.56M | -$12.33M | -$11.8M | -$19.33M | -$13.02M | -$12.15M | -$5.67M | -$1.47M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2007 | FY 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2007-12-31 | 2006-12-31 |
| Operating Activities | |||||||||||||||
| Net Income | $14.36M | $11.31M | $8.92M | $13.55M | $10.87M | $7.93M | $5.62M | $5.76M | $3.28M | $2.86M | $2.74M | $2.4M | $1.44M | $438K | $634K |
| Depreciation & Amortization | $0 | $873K | $643K | $529K | $516K | $495K | $442K | $339K | $339K | $343K | $296K | $165K | $172K | $120K | $83K |
| Deferred Income Tax | $0 | $0 | $0 | $125K | -$1.37M | -$1.33M | -$1.37M | $0 | $0 | $0 | $0 | $0 | $0 | $113K | -$254K |
| Stock-Based Compensation | $0 | $599K | $619K | $389K | $340K | $335K | $482K | $255K | $127K | $118K | $14K | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||
| Accounts Receivable | $0 | -$1.94M | -$634K | -$1.79M | -$213K | -$395K | -$142K | -$603K | -$412K | -$246K | -$119K | -$96K | -$56K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | $5.79M | $2.17M | $2.48M | -$1.62M | -$2.36M | $4.27M | -$1.97M | $484K | $643K | -$1.62M | $2K | $268K | -$1.33M | $280K | $0 |
| Total Working Capital Change | $5.79M | $232K | $1.84M | -$3.4M | -$2.57M | $3.87M | -$1.98M | $229K | $377K | -$1.71M | -$117K | $172K | -$1.39M | $280K | $36K |
| Other Non-Cash Items | $7.13M | $9.05M | $10.06M | $4.4M | $3.52M | $5M | $3.8M | $2.4M | $2.86M | $1.94M | -$97K | -$21K | $607K | $125K | $332K |
| Net Cash from Operating | $27.28M | $22.06M | $22.09M | $15.59M | $11.3M | $16.31M | $6.99M | $8.05M | $6.18M | $2.74M | $2.84M | $2.72M | $831K | $1.08M | $831K |
| Investing Activities | |||||||||||||||
| Capital Expenditures | -$20K | -$2.28M | -$3.91M | -$3.15M | -$2.99M | -$187K | -$940K | -$1.28M | -$247K | -$612K | -$2.63M | -$215K | -$64K | -$98K | -$2.85M |
| Acquisitions | $198K | $0 | $0 | $1.19M | $60.63M | $0 | -$264K | $0 | $0 | $0 | $0 | $0 | $0 | -$700K | $2.85M |
| Purchases of Investments | $0 | $0 | $0 | -$5.5M | -$64.93M | -$8.24M | -$2.98M | -$467K | -$1.96M | -$2.89M | $0 | $0 | $0 | -$8.35M | -$4.78M |
| Sales of Investments | $26.04M | $13.67M | $7.78M | $5.15M | $5.65M | $0 | $3.25M | $3.68M | $3.55M | $3.09M | $0 | $0 | $0 | $6.08M | $5.08M |
| Other Investing Activities | -$73.15M | -$132.96M | -$188.88M | -$132.73M | -$112.29M | -$128.72M | -$93.2M | -$65.4M | -$51.26M | -$44.72M | -$38.1M | -$28.34M | -$19.53M | -$7.96M | -$29.21M |
| Net Cash from Investing | -$46.93M | -$121.57M | -$185M | -$135.05M | -$113.93M | -$137.15M | -$94.14M | -$66.68M | -$51.51M | -$44.84M | -$40.73M | -$28.55M | -$19.59M | -$11.02M | -$28.91M |
| Financing Activities | |||||||||||||||
| Debt Repaid | - | $875K | - | - | -$19.59M | - | - | - | - | - | $42K | $94K | $89K | $102K | -$3.25M |
| Common Stock Issuance | -$41K | $0 | $60K | $335K | $190K | $8.03M | $133K | $29K | $6.23M | $180K | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | $7.96M | $159.91M | $59.82M | $62.45M | $116.5M | $205.67M | $80.29M | $74.29M | $49.64M | $44.35M | $54.35M | $24.26M | $17.53M | $12.32M | $20.05M |
| Net Cash from Financing | $8.35M | $159.04M | $97M | $62.78M | $136.28M | $234.52M | $80.29M | $74.29M | $49.64M | $44.35M | $54.3M | $24.17M | $17.44M | $12.22M | $23.3M |
| Forex Effect | $11.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $0 | $59.53M | -$65.92M | -$56.67M | $33.65M | $113.68M | -$6.86M | $15.55M | $4.32M | $2.26M | $16.4M | -$1.67M | -$1.32M | $2.28M | -$4.78M |
| Supplementary Data | |||||||||||||||
| Operating Cash Flow | $27.28M | $22.06M | $22.09M | $15.59M | $11.3M | $16.31M | $6.99M | $8.05M | $6.18M | $2.74M | $2.84M | $2.72M | $831K | $1.08M | $831K |
| Capital Expenditure | $0 | -$2.26M | -$3.91M | -$3.15M | -$2.99M | -$187K | -$940K | -$1.28M | -$247K | -$612K | -$2.63M | -$215K | -$64K | -$98K | -$2.85M |
| Free Cash Flow | $27.28M | $19.8M | $18.18M | $12.44M | $8.32M | $16.12M | $6.05M | $6.77M | $5.94M | $2.13M | $203K | $2.5M | $767K | $978K | -$2.02M |
| Cash at Beginning | $0 | $74.4M | $140.32M | $196.99M | $163.34M | $49.66M | $56.52M | $40.96M | $36.65M | $34.39M | $17.99M | $19.65M | $20.98M | $6.32M | $11.1M |
| Cash at End | $0 | $133.93M | $74.4M | $140.32M | $196.99M | $163.34M | $49.66M | $56.52M | $40.96M | $36.65M | $34.39M | $17.99M | $19.65M | $8.59M | $6.32M |