Financial Highlights SUMMIT FINANCIAL GROUP, INC. (NASDAQ - SMMF)

Financial Highlights
2020 FQ1 YTD
3/31/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Balance Sheet ($000)
Total Assets 2,513,322 2,403,492 2,200,586 2,134,240 1,758,647
Total Net Loans 1,983,308 1,901,744 1,682,405 1,593,744 1,308,038
Total Deposits 2,044,914 1,913,237 1,634,826 1,600,601 1,295,519
Equity Attributable to Parent Company 256,025 247,764 219,830 201,505 155,360
Total Equity 256,025 247,764 219,830 201,505 155,360
Profitability (%)
Net Income($000) 4,506 31,866 28,072 11,915 17,297
Net Income Attributable to Parent($000) 4,506 31,866 28,072 11,915 17,297
ROAA 0.73 1.40 1.32 0.59 1.08
Core ROAA 0.75 1.34 1.36 1.18 1.07
ROAE 6.92 13.43 13.43 6.40 11.53
ROATCE 8.36 15.66 16.11 7.84 12.31
Core ROAE 7.14 12.92 13.88 12.76 11.41
Net Interest Margin 3.74 3.66 3.57 3.67 3.39
Reported: Net Interest Margin 3.76 3.66 3.57 3.67 3.39
Efficiency Ratio 51.08 53.92 53.15 52.42 55.31
Noninterest Inc/ Operating Rev 13.91 16.61 19.40 17.92 17.61
Balance Sheet Ratios (%)
Loans/ Deposits 98.16 100.01 103.68 100.36 101.85
Securities/ Assets 12.61 12.04 14.08 16.13 15.93
Total Equity/ Total Assets 10.19 10.31 9.99 9.44 8.83
Tangible Equity/ Tangible Assets 8.95 9.44 8.92 8.26 8.12
Tang Common Equity/ Tang Assets 8.95 9.44 8.92 8.26 8.12
Asset Quality (%)
NPAs/ Assets 2.07 2.25 2.86 3.04 3.82
NPA Excl Restructured/ Assets 1.16 1.28 1.66 1.71 2.22
NPAs & 90+ PD/ Assets 2.07 2.25 2.87 3.06 3.82
NPAs/ Loans & REO 2.57 2.80 3.67 3.99 5
Nonaccrual & 90+ & OREO/ Assets 1.16 1.28 1.66 1.73 2.22
NPAs & 90+ PD/ Loans & REO 2.57 2.80 3.67 4.01 5
NPA & Loans 90+/ Tangible Common Equity + LLR 21.11 22.77 30.46 34.95 43.78
NCOs/ Avg Loans 0.10 0.08 0.11 0.02 0.02
Loan Loss Reserves/ Gross Loans 1.23 0.68 0.77 0.78 0.88
Reserves/ NPAs 47.31 24.17 20.70 19.35 17.38
Loan Loss Provision/ NCO NM 101.77 127.26 348.19 167.79
Capital Adequacy
Tier 1 Common Capital (CET1)($000) 231,676 224,679 197,551 177,010 146,494
Tier 1 Capital($000) 250,676 243,679 216,551 196,010 164,357
Tier 2 Capital($000) 17,229 13,074 13,047 12,565 11,674
Total Capital($000) 267,905 256,753 229,598 208,575 176,031
Total Risk-weighted Assets($000) 2,145,148 2,024,135 1,779,739 1,665,527 1,396,558
Tier 1 Common Capital (CET1) Ratio(%) 10.80 11.10 11.10 10.63 10.49
Tier 1 Ratio(%) 11.70 12.10 12.20 11.77 11.77
Total Capital Ratio(%) 12.50 12.70 12.90 12.52 12.60
Liquidity Coverage Ratio(%) NA NA NA NA NA
Leverage Ratio(%) 10.20 10.50 10.10 9.41 9.38
Basel III Leverage Ratio(%) NA NA NA NA NA
Per Share Information ($)
Common Shares Outstanding(actual) 12,980,744 12,474,641 12,399,887 12,465,296 10,883,509
Avg Diluted Shares(actual) 13,028,715 12,575,145 12,424,573 11,949,245 10,716,871
Basic Book Value per Share 19.72 19.86 17.73 16.17 14.27
Book Value per Share, As Reported 19.82 19.97 17.85 16.30 14.47
Basic Tangible Book Value per Share 17.09 18.02 15.64 13.96 13.02
Tangible Book Value per Share, As Reported 17.17 18.11 15.75 14.08 13.20
Common Dividends Declared per Share 0.17 0.59 0.53 0.44 0.40
EPS after Extra 0.35 2.53 2.26 1 1.61
EPS after Extra Growth(%) (37.50) 11.90 126 (37.90) 7.30
Core EPS 0.36 2.43 2.34 1.99 1.59
Core EPS Growth(%) (39.20) 4.20 17.10 25.20 11.90
Diluted EPS before Amortization 0.38 2.67 2.39 1.12 1.63
Pre-Provision Earnings per Share 0.66 2.38 2.34 1.87 1.53
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