Summit Financial Group is a financial holding company. The Company provides community banking services through its community bank subsidiary, Summit Community Bank. The Company operates through two segments: community banking, and insurance & financial services.

Type
Public
HQ
Moorefield, US
Founded
1987
Size (employees)
251 (est)
Summit Financial Group was founded in 1987 and is headquartered in Moorefield, US
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Summit Financial Group Office Locations

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

Summit Financial Group Financials

Summit Financial Group's revenue was reported to be $64.09 m in FY, 2016 which is a 8.8% increase from the previous period.
USD

Revenue (Q1, 2018)

27.8 m

Gross profit (Q1, 2018)

22.1 m

Gross profit margin (Q1, 2018), %

79.7%

Net income (Q1, 2018)

7.4 m

EBIT (Q1, 2018)

16.8 m

Market capitalization (14-Jun-2018)

331.9 m

Closing share price (14-Jun-2018)

26.6

Cash (31-Mar-2018)

47.4 m

EV

523.8 m
Summit Financial Group's current market capitalization is $331.9 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

57.3 m57.6 m58.9 m64.1 m

Revenue growth, %

1%2%9%

Cost of goods sold

12.9 m15.1 m18.4 m

Gross profit

46 m49 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

17.5 m17.5 m18 m18.3 m18.7 m20.3 m26.1 m27.8 m

Cost of goods sold

3.2 m3.2 m3.4 m3.5 m3.9 m4 m4.4 m5.6 m

Gross profit

14.3 m14.3 m14.6 m14.8 m14.8 m16.2 m21.8 m22.1 m

Gross profit Margin, %

82%82%81%81%79%80%83%80%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

11.8 m12.5 m9.5 m46.6 m52.6 m

Accounts Receivable

5.7 m5.8 m5.5 m6.2 m

Inventories

PP&E

20.6 m20.1 m21.6 m23.7 m34.2 m
Quarterly
USDQ3, 2013Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

16.1 m13.2 m13.3 m12.3 m16.7 m13.1 m34.5 m58.2 m53.5 m47.4 m

PP&E

20.8 m20.1 m20.5 m20.5 m21.6 m21.4 m21.8 m26.4 m33.2 m35.6 m

Total Assets

1.4 b1.4 b1.5 b1.5 b1.5 b1.6 b1.7 b1.8 b2.1 b2.1 b

Accounts Payable

1 b1.1 b1.1 b1.1 b1.1 b1.1 b1.2 b1.3 b1.6 b1.7 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

8.1 m11.4 m16.1 m17.3 m11.9 m

Depreciation and Amortization

1.2 m1.1 m200 k247 k1.9 m

Inventories

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

5.3 m2.4 m4.8 m8.2 m4.3 m8.3 m12 m4.1 m8.3 m12.6 m(1.6 m)3.7 m7.4 m

Depreciation and Amortization

878 k277 k547 k814 k260 k523 k790 k295 k587 k884 k452 k1.4 m963 k

Cash From Operating Activities

20.3 m7.1 m11.9 m18.4 m7.6 m12.3 m19 m6.2 m8.8 m16.6 m6.7 m3.6 m10.6 m

Purchases of PP&E

(111.4 m)(20.1 m)(52.1 m)(81.6 m)(35.2 m)(59.3 m)(79.8 m)(32.4 m)(48.7 m)(73.6 m)(27.6 m)(97.2 m)(18.8 m)
USDY, 2018

EV/EBIT

31.3 x

EV/CFO

49.4 x

Financial Leverage

10.4 x
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Summit Financial Group Operating Metrics

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

Non-accrual Loans

$12.49 m$12.02 m$13.58 m$15.45 m$15.76 m$15.41 m$15.19 m$14.40 m$14.57 m$14.88 m$13.64 m

Total Loans

$1.03 b$1.04 b$1.06 b$1.06 b$1.09 b$1.10 b$1.17 b$1.23 b$1.32 b$1.29 b$1.54 b
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Summit Financial Group Online and Social Media Presence

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