Summit Bank Group Reports Record Quarterly Earnings in 3rd Quarter of 2026
Summit Bank Group reported record Q3 2026 net income of $4.65 million, or $0.58 per fully diluted share, up 16.5% year-over-year. Year-to-date diluted EPS rose 29.3% to $1.68, with net loans up $52.9 million (4.8%) and deposits up $65.4 million (5.7%) YoY; the deposit mix shifted toward demand and money market balances as CDs declined. The balance sheet remains highly liquid, with $199.6 million of cash and short-term securities (14.5% of assets) plus $411 million of available secured borrowing, covering an estimated 144% of uninsured deposits.
Key figures
- Eps
- 0.58
- Revenue
- 15690000
- Revenue Yoy
- 7.6%
- Roe q3
- 13.6%
- Total assets
- $1,376,763 thousand
- Q3 net income
- $4.65 million
- Net income yoy
- 16.5%
- Npa pct assets
- 0.43%
- Ytd eps growth
- 29.3%
- Cash pct assets
- 14.5%
- Ytd diluted eps
- 1.68
- Deposit growth yoy
- $65.4 million or 5.7%
- Cash and securities
- $199.6 million
- Net loan growth yoy
- $52.9 million or 4.8%
- Book value per share
- 17.58
- Net interest income q3
- 15690000
- Net interest margin q3
- 5.07%
- Total borrowing capacity
- $411 million
- Uninsured deposit coverage
- 144%
AI analysis
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