Summit Financial Group

Summit Financial Group, Inc. is a $1.41 billion financial holding company headquartered in Moorefield, West Virginia. Summit provides community banking services primarily in the Eastern Panhandle and South Central regions of West Virginia and the Northern and Shenandoah Valley regions of Virginia, through its bank subsidiary, Summit Community Bank, Inc., which operates fifteen banking locations. Summit also operates Summit Insurance Services, LLC in Moorefield, West Virginia and Leesburg, Virginia.

Company Growth (employees)
Type
Public
HQ
Moorefield, US
Size (employees)
251 (est)
Summit Financial Group is headquartered in Moorefield, US

Summit Financial Group Office Locations

Summit Financial Group has an office in Moorefield
Moorefield, US (HQ)
300 N Main St

Summit Financial Group Financials and Metrics

Summit Financial Group Financials

Summit Financial Group's revenue was reported to be $20.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

20.3 m

Gross profit (Q1, 2017)

16.2 m

Gross profit margin (Q1, 2017), %

80%

Net income (Q1, 2017)

(1.6 m)

EBIT (Q1, 2017)

13.4 m

Market capitalization (19-Oct-2017)

334.4 m

Cash (31-Mar-2017)

58.2 m
Summit Financial Group's current market capitalization is $334.4 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

57.3 m57.6 m58.9 m64.1 m

Revenue growth, %

1%2%9%

Cost of goods sold

12.9 m15.1 m

Gross profit

46 m49 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

17.5 m17.5 m18 m18.3 m18.7 m20.3 m

Cost of goods sold

3.2 m3.2 m3.4 m3.5 m3.9 m4 m

Gross profit

14.3 m14.3 m14.6 m14.8 m14.8 m16.2 m

Gross profit Margin, %

82%82%81%81%79%80%
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

11.8 m12.5 m9.5 m46.6 m

Accounts Receivable

5.7 m5.8 m5.5 m6.2 m

PP&E

20.6 m20.1 m21.6 m23.7 m

Total Assets

1.4 b1.4 b1.5 b1.8 b
USDQ3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

13.2 m13.3 m12.3 m16.7 m13.1 m34.5 m58.2 m

PP&E

20.1 m20.5 m20.5 m21.6 m21.4 m21.8 m26.4 m

Total Assets

1.4 b1.5 b1.5 b1.5 b1.6 b1.7 b1.8 b

Accounts Payable

1.1 b1.1 b1.1 b1.1 b1.1 b1.2 b1.3 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

8.1 m11.4 m16.1 m17.3 m

Depreciation and Amortization

1.2 m1.1 m200 k247 k

Cash From Operating Activities

28.2 m25.6 m23.6 m23.2 m

Purchases of PP&E

(137.8 m)(111.4 m)(113.7 m)(99.5 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

4.8 m8.2 m4.3 m8.3 m12 m4.1 m8.3 m12.6 m(1.6 m)

Depreciation and Amortization

547 k814 k260 k523 k790 k295 k587 k884 k452 k

Accounts Receivable

365 k

Cash From Operating Activities

11.9 m18.4 m7.6 m12.3 m19 m6.2 m8.8 m16.6 m6.7 m
USDY, 2017

Revenue/Employee

80.7 k

Financial Leverage

11.6 x
Show all financial metrics

Summit Financial Group Operating Metrics

Summit Financial Group's Total Loans Issued was reported to be $1.5 b in Q2, 2017
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Total Loans Issued

$1.03 b$1.04 b$1.06 b$1.06 b$1.09 b$1.1 b$1.17 b$1.23 b$1.32 b$1.29 b$1.54 b

Non-accrual Loans

$12.49 m$12.02 m$13.58 m$15.45 m$15.76 m$15.41 m$15.19 m$14.4 m$14.57 m$14.88 m$13.64 m
Show all operating metrics

Summit Financial Group Market Value History

Traffic Overview of Summit Financial Group

Summit Financial Group Online and Social Media Presence

Summit Financial Group Company Life and Culture

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