Summit State Bank (SSBI) Declares $0.12 Quarterly Dividend; 3.6% Yield
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Summit State Bank Reports 42% Increase in Profitability and Declaration of Dividend
April 28, 2015 9:00 AM EDTSANTA ROSA, Calif., April 28, 2015 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended March 31, 2015 of $1,722,000, a 42% increase over the quarter ended March 31, 2014. A quarterly dividend of $0.12 per share was declared for common shareholders.
Dividend
The Board of Directors declared a $0.12 quarterly dividend to be paid on May 26, 2015 to shareholders of record on May 18, 2015.
Net Income and Results of Operations
The Bank had net income of $1,722,000 and net income available for common stockholders of $1,688,000, or $0.35 per diluted share, for the quarter ended March 31, 2015... More
