Summit State Bank (SSBI) Declares $0.12 Quarterly Dividend; 3.6% Yield
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Summit State Bank Reports 36% Increase in Profitability and Declaration of Dividend
July 28, 2015 9:29 AM EDTSANTA ROSA, Calif., July 28, 2015 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended June 30, 2015 of $1,746,000, a 36% increase over the quarter ended June 30, 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 August 25, 2015 to common shareholders of record on August 17, 2015.
Net Income and Results of Operations
The Bank had net income of $1,746,000 and net income available for common stockholders of $1,712,000, or $0.35 per diluted common share, for the quarter ended June... More
