Summit Bank (SBKO) AI Stock Analysis

• Market Cap: $128.72M
• Dividend Yield: N/A
• Average Volume (3M): 2.86K
• Price to Earnings (P/E): 9.9
• Beta (1Y): 0.05
• Revenue Growth: 9.46%
• EPS Growth: 30.81%
• Country: US
• Employees: N/A
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.50
• Shares Outstanding: 7,754,000
• 10 Day Avg. Volume: 2,672
• 30 Day Avg. Volume: 2,858
• PEG Ratio: 0.38
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 2.24
• P/FCF Ratio: 5.76
• Enterprise Value/Market Cap: 0.00
• Enterprise Value/Revenue: 0.00
• Enterprise Value/Gross Profit: 0.00
• Enterprise Value/Ebitda: 0.00
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ―

Summit Bank shows strong growth potential with efficient operations and a stable financial position. The technical indicators suggest moderate enthusiasm among investors, while the stock's valuation is attractive. However, attention needs to be given to managing liabilities and sustaining net income growth.

Summit Bank Business Overview & Revenue Model

Company Description

Summit Bank (SBKO) is a financial institution that operates within the banking and financial services sectors. It provides a range of services including personal banking, corporate banking, and wealth management. The bank offers core products such as savings accounts, checking accounts, loans, mortgages, and credit cards, catering to both individual and business clients.

How the Company Makes Money

Summit Bank generates revenue primarily through the interest income from loans and mortgages provided to customers, which constitutes a significant portion of its earnings. Additionally, the bank earns money from fees and service charges related to banking products and services, such as account maintenance fees, transaction fees, and late payment fees. Summit Bank also benefits from investment income derived from its portfolio of securities and other financial instruments. Strategic partnerships with other financial institutions and businesses may enhance its product offerings and contribute to revenue growth.

Summit Bank Financial Statement Overview

Summary

Summit Bank demonstrates strong growth potential with consistent revenue growth and efficient cost management. However, the decline in net income and increasing liabilities require attention.

Income Statement

Summit Bank has shown consistent revenue growth over the years, with a notable increase from 2019 to 2023. The net profit margin has fluctuated but remains healthy, indicating efficient cost management. The gross profit margin is strong, and EBIT and EBITDA margins reflect sound operational efficiency. However, the decline in net income from 2022 to 2023 is a concern.

Balance Sheet

The balance sheet reveals a stable equity position with a reasonable debt-to-equity ratio, indicating moderate leverage. The return on equity is satisfactory but could improve. The equity ratio indicates strong asset backing by equity, suggesting financial stability. However, the increasing total liabilities warrant caution.

Cash Flow

Operating cash flow has grown, aligning well with net income, indicating good cash generation efficiency. Free cash flow has also grown, although investment cash flows have been significantly negative, reflecting substantial capital expenditures. The free cash flow growth rate is positive, highlighting potential for future investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	74.07M	51.05M	45.80M	48.12M	36.34M	31.48M
Gross Profit	56.51M	51.05M	45.80M	42.87M	35.13M	31.48M
EBITDA	16.59M	0.00	12.86M	18.56M	15.11M	1.72M
Net Income	12.44M	11.31M	8.92M	13.55M	10.87M	7.93M
Balance Sheet
Total Assets	1.25B	1.25B	1.08B	971.41M	904.28M	761.97M
Cash, Cash Equivalents and Short-Term Investments	0.00	133.93M	92.92M	140.32M	196.99M	22.23M
Total Debt	18.50M	18.48M	58.64M	21.76M	21.39M	22.93M
Total Liabilities	1.13B	1.15B	985.10M	886.79M	830.07M	698.84M
Stockholders Equity	115.79M	108.73M	95.66M	84.62M	74.21M	63.13M
Cash Flow
Free Cash Flow	0.00	19.80M	18.18M	12.44M	8.32M	16.12M
Operating Cash Flow	0.00	22.06M	22.09M	15.59M	11.30M	16.31M
Investing Cash Flow	0.00	-121.57M	-185.00M	-135.05M	-113.93M	-137.15M
Financing Cash Flow	0.00	159.04M	97.00M	62.78M	136.28M	234.52M

Summit Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 16.32
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SBKO, the sentiment is Positive. The current price of 16.32 is below the 20-day moving average (MA) of 16.46, above the 50-day MA of 16.09, and above the 200-day MA of 14.86, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 56.33 is Neutral, neither overbought nor oversold. The STOCH value of 48.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SBKO.

Summit Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SBFG	72 Outperform	$124.47M	9.29	10.13%	3.15%	10.94%	21.78%
SBKO	68 Neutral	$128.72M	9.88	11.71%	―	9.46%	30.81%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
AFBI	62 Neutral	$118.05M	16.23	5.95%	―	5.18%	36.12%
SRBK	56 Neutral	$117.69M	39.72	1.57%	1.02%	9.43%	166.36%
BSBK	45 Neutral	$112.26M	225.92	0.35%	―	-12.23%	83.58%
RBKB	43 Neutral	$108.50M	21.36	3.95%	―	22.30%	―