Summit State Bank (SSBI) Declares $0.12 Quarterly Dividend; 3.6% Yield

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Summit State Bank Reports Net Income for Second Quarter 2017 and Declaration of Dividend

July 24, 2017 1:30 PM EDT

SANTA ROSA, Calif., July 24, 2017 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended June 30, 2017 of $930,000 and diluted earnings per share of $0.15. 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 August 25, 2017 to shareholders of record on August 17, 2017.

Net Income and Results of Operations

For the quarter ended June 30, 2017, Summit State Bank had net income of $930,000, or diluted... More