Summit Financial Group (SMMF) Reports Q3 EPS of $0.34
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Summit Financial Group Reports Third Quarter and First Nine Months 2015 Results
October 26, 2015 6:00 AM EDTMOOREFIELD, W. Va., Oct. 26, 2015 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (Company or Summit) (NASDAQ: SMMF) today reported third quarter 2015 net income applicable to common shares of $3.66 million, or $0.34 per diluted share, compared to $3.14 million, or $0.35 per diluted share, for the third quarter of 2014, representing an increase in net income of 16.5 percent, but a 2.9 percent decrease in diluted earnings per share. Q3 2015 earnings compared to Q3 2014 were positively impacted by a $534,000 decline in write-downs of foreclosed properties and a $228,000 increase in net interest income. Increased common shares outstanding resulting from common stock issuances... More
