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 Data and Metrics

Summit Financial Group Financial Metrics

Summit Financial Group's revenue was reported to be $64.1 m in FY, 2016 which is a 9% increase from the previous period.

Revenue (FY, 2016)

64.1 m

Revenue growth (FY, 2015 - FY, 2016), %


Gross profit (FY, 2016)

49 m

Gross profit margin (FY, 2016), %


Net income (FY, 2016)

17.3 m

EBIT (FY, 2016)

48.5 m

Market capitalization (26-Jun-2017)

272.6 m

Closing share price (26-Jun-2017)


Cash (31-Dec-2016)

46.6 m


497.1 m
Summit Financial Group's current market capitalization is $272.6 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016


57.3 m57.6 m58.9 m64.1 m

Revenue growth, %


Cost of goods sold

12.9 m15.1 m

Gross profit

46 m49 m

Gross profit Margin, %



44.8 m48.5 m

EBIT margin, %


Pre tax profit

23 m25.3 m

Net Income

8.1 m11.4 m16.1 m17.3 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


11.8 m12.5 m9.5 m46.6 m

Accounts Receivable

5.7 m5.8 m5.5 m6.2 m


20.6 m20.1 m21.6 m23.7 m

Total Assets

1.4 b1.4 b1.5 b1.8 b

Total Debt

180.3 m94.3 m271.1 m

Retained Earnings

77.1 m87.7 m100.4 m113.4 m

Total Equity

111.1 m131.6 m143.7 m155.4 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
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)

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 m32.3 m142.5 m

Interest Paid

18.9 m15.9 m12.9 m15.2 m

Income Taxes Paid

1.1 m2.8 m7.4 m8 m
USDY, 2016


10.2 x


21.4 x


277.5 k


1.7 x


0.2 x

Financial Leverage

11.3 x

Summit Financial Group Market Value History

Summit Financial Group Online and Social Media Presence

Summit Financial Group Company Life and Culture

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