Summit State Bank reports Q2 EPS 36c vs 14c last year

Net interest margin was 3.66% in the second quarter of 2025 compared to 2.71% in the second quarter of 2024 and 3.19% in the first quarter of 2025. Book value was $14.49 per share, compared to $14.44 per share a year ago and $14.07 in the first quarter of 2025. “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 outlook. Despite ongoing market volatility in the broader financial sector, we remain disciplined in our balance sheet strategy and operational execution. As deposits and loans continue to reprice, we anticipate further upside to our net interest margin.”