Summit Financial Group

Summit Financial Group, Inc. is a holding company, which engages in the provision of community banking and insurance services. It offers a wide range of community banking services, including demand, savings, and time deposits, commercial, real estate and consumer loans, trust and wealth management services, and cash management services. Its loan portfolio includes commercial, commercial real estate, construction and land development, residential real estate, consumer, and mortgage warehouse lines of credit. The company was founded on March 5, 1987 and is headquartered in Moorefield, WV.

Earnings data Q1 2024

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Summit Financial Group, Inc. is a holding company, which engages in the provision of community banking and insurance services. The company was founded on March 5, 1987 and is headquartered in Moorefield, WV.

Summit Financial (SMMF) delivered earnings and revenue surprises of 124.24% and 12.63%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Summit Financial (SMMF) Surpasses Q3 Earnings and Revenue Estimates

Q3 2020 Diluted EPS $0.74 compared to $0.54 for Q2 2020 and $0.65 for Q3 2019 Q3 2020 Diluted EPS $0.74 compared to $0.54 for Q2 2020 and $0.65 for Q3 2019

Summit Financial Group Reports 37% Increase In Q3 2020 EPS Versus Q2 2020

Summit Financial (SMMF) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Summit Financial (SMMF) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

MVB Financial

Summit Financial (SMMF) continues its expansion activities for the year with the acquisition of WinFirst.

Summit Financial to Acquire WinFirst, Expand Base in Kentucky

Summit Enters Kentucky Market; 100% Cash Consideration Summit Enters Kentucky Market; 100% Cash Consideration

Summit Financial Group, Inc. to Acquire WinFirst Financial Corp. and Subsidiary, WinFirst Bank

MOOREFIELD, W. Va., Sept.  23, 2020  (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today announced the completion of a private placement of $30 million of its 5.00% Fixed to Floating Rate Subordinated Notes due 2030 (the "Notes") to certain qualified institutional buyers and accredited investors.

Summit Financial Group Announces Completion of $30.0 Million Issuance of Subordinated Debt

MOOREFIELD, W. Va., Sept.  15, 2020  (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company”) (NASDAQ: SMMF) today announced that Robert S. Tissue, Executive Vice President and Chief Financial Officer and Brad Ritchie, President, Summit Community Bank, Inc. will be making a virtual presentation in conjunction with the Piper Sandler Virtual D.C. Community Bank Field Trip on September 16, 2020.

Summit to Participate in Piper Sandler Virtual D.C. Community Bank Field Trip

MOOREFIELD, W.Va., Aug.  28, 2020  (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a third quarter 2020 dividend of $0.17 per share payable on September 30, 2020 to common shareholders of record as of the close of business on September 15, 2020.

Summit Financial Group, Inc. Announces Q3 Dividend of $0.17 Per Share

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Is Summit Financial (SMMF) Stock Undervalued Right Now?

Q2 2020 Diluted EPS $0.54 compared to $0.35 for Q1 2020 and $0.68 for Q2 2019 Q2 2020 Diluted EPS $0.54 compared to $0.35 for Q1 2020 and $0.68 for Q2 2019

Summit Financial Group Reports Second Quarter and First Half 2020 Results

Summit Financial (SMMF) Expected to Beat Earnings Estimates: Should You Buy?

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Let's see if Summit Financial (SMMF) stock is a good choice for value-oriented investors right now from multiple angles.

Is Summit Financial (SMMF) a Great Pick for Value Investors?

Summit Financial (SMMF) delivered earnings and revenue surprises of -18.60% and 3.37%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Summit Financial (SMMF) Q1 Earnings Lag Estimates

MOOREFIELD, W.Va., April  24, 2020  (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today reported that its wholly-owned subsidiary, Summit Community Bank, Inc. has completed its previously announced acquisition of four branch banking offices of MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (NASDAQ: MVBF) located in the Eastern Panhandle of West Virginia. Three of the offices are in Berkeley County (651 Foxcroft Ave., Martinsburg; 231 Aikens Center, Martinsburg; and 5091 Gerrardstown Road, Inwood) and one is in Jefferson County (88 Somerset Boulevard, Charles Town).

Summit Community Bank Inc. Completes Its Acquisition of Four WV Eastern Panhandle Branch Banking Offices

Summit Financial (SMMF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Summit Financial (SMMF) to Report a Decline in Earnings: What to Look Out for

MOOREFIELD, W.Va., Feb.  28, 2020  (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently approved a stock repurchase program of up to 750,000 shares of its outstanding common stock. Shares repurchased will be made in management’s discretion at prices it considers to be attractive and in the best interests of both the Company and its shareholders, subject to the availability of shares, general market conditions, the trading price of the shares, alternative uses for capital and the Company’s financial performance. The program does not obligate Summit to repurchase any particular number of shares of common stock during any period, and it may be discontinued, suspended or restarted at any time at the Company's discretion.

Summit Financial Group, Inc. Announces Stock Repurchase Program of Up to 750,000 Shares

MOOREFIELD, W.Va., Feb.  27, 2020  (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a first quarter 2020 dividend of $0.17 per share payable on March 31, 2020 to common shareholders of record as of the close of business on March 16, 2020, representing a 13 percent increase compared to the $0.15 paid in Q4 2019.

Summit Financial Group, Inc. Increases Quarterly Dividend 13 Percent to $0.17 Per Share

MOOREFIELD, W.Va., Jan.  02, 2020  (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces completion, effective January 1, 2020, of the acquisition by its subsidiary Summit Community Bank, Inc. of Cornerstone Financial Services, Inc. and its subsidiary, Cornerstone Bank, Inc., headquartered in West Union, West Virginia.

Summit Financial Group, Inc. Completes Its Acquisition of Cornerstone Financial Services, Inc.

FAIRMONT, W.Va., Nov.  22, 2019  (GLOBE NEWSWIRE) -- MVB Bank, Inc., a wholly-owned subsidiary of MVB Financial Corp. (“MVB” “MVB Financial”) (NASDAQ: MVBF), announced today the signing of a definitive agreement under which Summit Community Bank, Inc., a subsidiary of Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF), will acquire three MVB Bank locations in Berkeley County (651 Foxcroft Ave., Martinsburg; 231 Aikens Center, Martinsburg; and 5091 Gerrardstown Road, Inwood) and one MVB Bank location in Jefferson County (88 Somerset Boulevard, Charles Town). Summit will assume certain deposits and loans whose balances at September 30, 2019, were approximately $181 million and $46 million, respectively.

MVB Bank to Sell Four WV Eastern Panhandle Banking Centers to Summit Community Bank

MOOREFIELD, W.Va., Nov.  21, 2019  (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) today announces its Board of Directors recently declared a fourth quarter 2019 dividend of $0.15 per share payable on December 31, 2019 to common shareholders of record as of the close of business on December 16, 2019.

Summit Financial Group, Inc. Announces Q4 2019 Dividend of $0.15 Per Share

MOOREFIELD, W. Va., Nov.  15, 2019  (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Company” or “Summit”) (NASDAQ: SMMF) today announced that H. Charles Maddy, III, President and Chief Executive Officer, Robert S. Tissue, Executive Vice President and Chief Financial Officer and Phillip Quintana, Northern Virginia Regional President are scheduled to participate in the D.A. Davidson Mid-Atlantic Bank Tour in Philadelphia, Pennsylvania on Tuesday, November 19, 2019.

Summit to Participate in the D.A. Davidson Mid-Atlantic Bank Tour

Is Summit Financial (SMMF) a great pick from the value investor's perspective right now? Read on to know more.

Should Value Investors Pick Summit Financial (SMMF) Stock?

Q3 2019 Diluted EPS $0.65 compared to $0.68 for Q2 2019 and $0.55 for Q3 2018 Q3 2019 Diluted EPS $0.65 compared to $0.68 for Q2 2019 and $0.55 for Q3 2018

Summit Financial Group Reports Third Quarter and First Nine-Months 2019 Results

50% Common Stock / 50% Cash Consideration; $5,700 Per Share Cash or 228 Shares of Summit Common Stock; Aggregate Transaction Value of Approximately $28.5 Million 50% Common Stock / 50% Cash Consideration; $5,700 Per Share Cash or 228 Shares of Summit Common Stock; Aggregate Transaction Value of Approximately $28.5 Million

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