Summit Bank [Or] (SBKO) 10.4000 $SBKO
Summit Bank Reports 2nd Quarter Earnings
Business Wire - Tue Jul 15, 4:00PM CDT
Summit Bank (OTCBB: SBKO) reported net income for the second quarter of $681 thousand or 31 cents per fully diluted share. Earnings for the comparable period one year ago were $316 thousand or 16 cents per fully diluted share. Year to date earnings for 2014 were $1.1 million or 51 cents per fully diluted share, compared to 21 cents per share for the same period in 2013. Year to date return on average assets and return on average equity were 1.4 percent and 14.9 percent, respectively. Second quarter 2014 earnings were positively impacted by recoveries of previously charged off loans and from the gain on sale of commercial loans that added 3 cents and 6 cents per share respectively to period earnings. Fully diluted earnings per share for the trailing four quarters totaled $1.01.
Summit Bank Announces Stock Split
Business Wire - Mon Mar 10, 8:24PM CDT
Summit Bank (OTCBB:SBKO) announced today that its Board of Directors has unanimously approved a two for one stock split of the company's shares of common stock payable in the form of a stock dividend. The ex-dividend date will be April 4, 2014, and shareholders of record as of April 9, 2014 will receive one additional share for every share they own.
Summit Bank Reports 2nd Quarter Earnings
Business Wire - Tue Jul 15, 4:00PM CDT
Summit Bank (OTCBB: SBKO) reported net income for the second quarter of $681 thousand or 31 cents per fully diluted share. Earnings for the comparable period one year ago were $316 thousand or 16 cents per fully diluted share. Year to date earnings for 2014 were $1.1 million or 51 cents per fully diluted share, compared to 21 cents per share for the same period in 2013. Year to date return on average assets and return on average equity were 1.4 percent and 14.9 percent, respectively. Second quarter 2014 earnings were positively impacted by recoveries of previously charged off loans and from the gain on sale of commercial loans that added 3 cents and 6 cents per share respectively to period earnings. Fully diluted earnings per share for the trailing four quarters totaled $1.01.
Summit Bank Announces Stock Split
Business Wire - Mon Mar 10, 8:24PM CDT
Summit Bank (OTCBB:SBKO) announced today that its Board of Directors has unanimously approved a two for one stock split of the company's shares of common stock payable in the form of a stock dividend. The ex-dividend date will be April 4, 2014, and shareholders of record as of April 9, 2014 will receive one additional share for every share they own.
