Summit Financial Group (SMMF) Tops Q4 EPS by 6c
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Summit Financial Group Reports Fourth Quarter and Full Year 2018 Results
January 29, 2019 6:00 AM ESTMOOREFIELD, W.Va., Jan. 29, 2019 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (Company or Summit) (NASDAQ: SMMF) today reported quarterly net income of $7.45 million for fourth quarter 2018, or $0.60 per diluted share -- equaling our previous quarterly record, compared to $2.32 million, or $0.19 per diluted share, for the fourth quarter of 2017. Earnings per diluted share for fourth quarter 2017 were negatively impacted (on an after-tax basis) by the one-time charge of $0.28 to re-measure the Companys net deferred tax assets as result of enactment of the Tax Cuts and Jobs Act (TCJA).
For the full year 2018, Summit achieved... More
