Summit State Bank (SSBI) Declares $0.12 Quarterly Dividend; 3.8% Yield

Go back to Summit State Bank (SSBI) Declares $0.12 Quarterly Dividend; 3.8% Yield

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

October 24, 2017 9:01 AM EDT

SANTA ROSA, Calif., Oct. 24, 2017 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended September 30, 2017 of $1,001,000 and diluted earnings per share of $0.17. 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 22, 2017 to shareholders of record on November 15, 2017.

Net Income and Results of Operations

The Bank had net income of $1,001,000 or $0.17 per diluted share, for the third quarter... More