Summit State Bank (SSBI) Declares $0.12 Quarterly Dividend; 3.5% Yield

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Summit State Bank Reports Third Quarter Operating Results and Declaration of Dividend

October 25, 2016 9:01 AM EDT

SANTA ROSA, Calif., Oct. 25, 2016 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended September 30, 2016 of $1,198,000 and diluted earnings per share of $0.25. 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 November 23, 2016 to shareholders of record on November 16, 2016.

Net Income and Results of Operations

The Bank had net income of $1,198,000 or $0.25 per diluted share, for the third quarter ended... More