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

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

Summit State Bank Reports 98% Increase in Profitability and Declaration of Dividend

April 24, 2018 9:00 AM EDT

SANTA ROSA, Calif., April 24, 2018 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) today reported net income for the quarter ended March 31, 2018 of $1,740,000 and diluted earnings per share of $0.29.  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 on April 23, 2018 to be paid on May 24, 2018 to shareholders of record on May 18, 2018.

Net Income and Results of Operations

For the quarter ended March 31, 2018, Summit State Bank (Bank) had... More