Summit Financial Group (SMMF) Misses Q2 EPS by 4c

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Go back to Summit Financial Group (SMMF) Misses Q2 EPS by 4c

Summit Financial Group Reports Second Quarter 2022 EPS of $0.92 on Revenue and Loan Growth

July 28, 2022 6:00 AM EDT

MOOREFIELD, W. Va., July 28, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (Company or Summit) (NASDAQ: SMMF) today reported financial results for the second quarter of 2022, including continued strong earnings on growth in total revenue and loans.

The Company, which serves commercial and individual clients across West Virginia, the Washington D.C. metropolitan area, Virginia and Kentucky through Summit Community Bank, Inc., reported net income applicable to common shares of $11.8 million, or $0.92 per diluted share, for the second quarter of 2022, as compared to $11.5 million, or $0.90 per diluted share, for the first quarter of 2022 and $10.4 million,... More