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.

Moorefield, US
Size (employees)
251 (est)+9%
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 Metrics

Summit Financial Group Financial Metrics

Revenue (2016)

$64.1 m

Revenue growth (2015-16), %


Gross profit

$49 m

Gross profit margin (2016), %


Net income (2016)

$17.3 m

Market capitalization (28-Apr-2017)

$234.8 m

Closing share price (28-Apr-2017)


Cash (31-Dec-2016)

$46.6 m
Summit Financial Group's current market capitalization is $234.8 m.
Summit Financial Group's revenue was reported to be $64.1 m in FY, 2016 which is a 9% increase from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016


$57.3 m$57.6 m$58.9 m$64.1 m

Revenue growth, %


Cost of goods sold

$12.9 m$15.1 m

Gross profit

$46 m$49 m

Gross profit Margin, %



$44.8 m$48.5 m

EBIT margin, %


Pre tax profit

$23 m$25.3 m

Net Income

$8.1 m$11.4 m$16.1 m$17.3 m
FY, 2013FY, 2014FY, 2015FY, 2016


$11.8 m$12.5 m$9.5 m$46.6 m

Accounts Receivable

$5.7 m$5.8 m$5.5 m$6.2 m



$20.6 m$20.1 m$21.6 m$23.7 m

Total Assets

$1.4 b$1.4 b$1.5 b$1.8 b

Accounts Payable

Total Debt

$180.3 m$94.3 m$271.1 m

Retained Earnings

$77.1 m$87.7 m$100.4 m$113.4 m

Total Equity

$111.1 m$131.6 m$143.7 m$155.4 m

Debt to Equity Ratio

1.6 x0.7 x1.7 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x

Financial Leverage

12.5 x11 x10.4 x11.3 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$8.1 m$11.4 m$16.1 m$17.3 m

Depreciation and Amortization

$1.2 m$1.1 m$200 k$247 k

Accounts Receivable


Accounts Payable

Cash From Operating Activities

$28.2 m$25.6 m$23.6 m$23.2 m

Purchases of PP&E

($137.8 m)($111.4 m)($113.7 m)($99.5 m)

Cash From Investing Activities

($26.2 m)($64.3 m)($59 m)($128.6 m)

Dividends Paid

($776 k)($774 k)($191 k)

Cash From Financing Activities

($5 m)$39.5 m$32.3 m$142.5 m

Interest Paid

$18.9 m$15.9 m$12.9 m$15.2 m

Income Taxes Paid

$1.1 m$2.8 m$7.4 m$8 m

Summit Financial Group Market Value History

Summit Financial Group Online Presence

Summit Financial Group Company Life

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