Summit State Bank (SSBI) Declares $0.12 Quarterly Dividend; 3.4% Yield

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Summit State Bank Reports Net Income for First Quarter 2016 and Declaration of Dividend

April 26, 2016 9:03 AM EDT

SANTA ROSA, Calif., April 26, 2016 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended March 31, 2016 of $1,328,000 and diluted earnings per share of $0.27.  A quarterly dividend of $0.12 per share was declared for common shareholders.

Dividend

The Board of Directors declared a $0.12 per share quarterly dividend to be paid on May 24, 2016 to shareholders of record on May 18, 2016.

Net Income and Results of Operations

We continue to generate strong performance as a result of the... More