Summit State Bank (SSBI) Declares $0.12 Quarterly Dividend; 3.7% Yield

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

January 23, 2018 9:00 AM EST

SANTA ROSA, Calif., Jan. 23, 2018 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the year ended December 31, 2017 of $3,292,000 and diluted earnings per share of $0.54.  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 February 23, 2018 to shareholders of record on February 16, 2018.

Net Income and Results of Operations

In late 2016, Summit State Bank embarked on a... More