Summit Financial Group (SMMF) 11.49 $SMMF
Summit Financial Group Reports Corrected Book Value Per Share and Tangible Book Value Per Share at December 31, 2014
GlobeNewswire - Wed Jan 28, 11:53AM CST
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) is reporting a correction to the book value per common share and the tangible book value per common share, originally reported on page 11 of the release titled "Summit Financial Group Reports Fourth Quarter 2014 Results" issued earlier today. As of December 31, 2014, corrected book value per common share is $12.60 versus the $13.57 book value per common share reported earlier, and corrected tangible book value per share is $11.86 versus the $12.78 tangible book value per common share reported earlier.
SMMF: 11.49 (unch)
Summit Financial EPS of $0.32
Seeking Alpha - at Seeking Alpha - Wed Jan 28, 5:08AM CST
SMMF: 11.49 (unch)
Summit Financial Group Reports Fourth Quarter 2014 Results
GlobeNewswire - Wed Jan 28, 5:00AM CST
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today reported fourth quarter 2014 net income applicable to common shares of $3.01 million, or $0.32 per diluted share, compared to $2.59 million, or $0.29 per diluted share, for the fourth quarter of 2013, representing an increase of 16.0 percent, or 10.3 percent per diluted share. Q4 2014 earnings compared to Q4 2013 were positively impacted by a $948,000 increase in net interest income and a $1.0 million decline in provision for loan losses, but were negatively impacted by a $686,000 increase in noninterest expense, which included a fraud loss of $461,000.
SMMF: 11.49 (unch)
Summit Financial Group, Inc. Announces Completion of 1st Closing With Castle Creek, Termination of Bank MOU
GlobeNewswire - Wed Nov 26, 5:00AM CST
As previously disclosed, on August 22, 2014, Summit Financial Group, Inc. (the "Company" or "Summit" (Nasdaq:SMMF) entered into a Securities Purchase Agreement (the "Purchase Agreement" with Castle Creek Capital Partners V, LP ("Castle Creek" . Pursuant to the Purchase Agreement, following the satisfaction or waiver of the conditions set forth in the Purchase Agreement, Castle Creek agreed to acquire in a private placement (the "Private Placement" shares of common stock of the Company ("Common Stock" in an amount that is expected to approximate 9.9% of the outstanding Common Stock of the Company following consummation of the Private Placement at the price of $9.75 per share. The Private Placement will consist of two closings.
SMMF: 11.49 (unch)
Summit Financial Group (SMMF) Upgraded From Hold to Buy
at The Street - Mon Nov 10, 8:37AM CST
Summit Financial Group SMMF has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
SMMF: 11.49 (unch)
Summit Financial reports Q3 profit
Seeking Alpha - at Seeking Alpha - Wed Oct 29, 5:13AM CDT
SMMF: 11.49 (unch)
Summit Financial Group Reports Third Quarter 2014 Results
GlobeNewswire - Wed Oct 29, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today reported third quarter 2014 net income applicable to common shares of $3.14 million, or $0.35 per diluted share, compared to $2.08 million, or $0.24 per diluted share, for the third quarter of 2013, representing an increase of 51.3 percent, or 45.8 percent per diluted share. Q3 2014 earnings compared to Q3 2013 were positively impacted by a $1.54 million increase in net interest income and a $750,000 decline in provision for loan losses, but were negatively impacted by a $926,000 increase in write-downs of foreclosed properties.
SMMF: 11.49 (unch)
Summit Financial Group, Inc. Announces Entry Into Securities Purchase Agreement to Raise Capital
GlobeNewswire - Mon Aug 25, 5:22AM CDT
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today announced that it has entered into a Securities Purchase Agreement (the "Purchase Agreement" with Castle Creek Capital Partners V, LP ("Castle Creek" . Following the satisfaction or waiver of the conditions set forth in the Purchase Agreement, Castle Creek has agreed to acquire in a private placement (the "Private Placement" shares of common stock of Summit ("Common Stock" in an amount that is expected to approximate 9.9% of the outstanding Common Stock of the Company following consummation of the Private Placement at the price of $9.75 per share. The Company will receive approximately $10.2 million in net proceeds in the Private Placement after the consummation of the transactions contemplated by the Purchase Agreement.
SMMF: 11.49 (unch)
Summit Financial Group Reports Second Quarter 2014 Results
GlobeNewswire - Wed Jul 30, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit" (Nasdaq:SMMF) today reported second quarter 2014 net income applicable to common shares of $2.24 million, or $0.25 per diluted share, compared to $1.02 million, or $0.13 per diluted share, for the second quarter of 2013, representing an increase of 118.9 percent, or 92.3 percent per diluted share. Q2 2014 earnings compared to Q2 2013 were positively impacted by a $532,000 decline in write-downs of foreclosed properties and an $816,000 increase in net interest income.
SMMF: 11.49 (unch)
Summit Financial Group Reports Corrected Book Value Per Share and Tangible Book Value Per Share at December 31, 2014
GlobeNewswire - Wed Jan 28, 11:53AM CST
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) is reporting a correction to the book value per common share and the tangible book value per common share, originally reported on page 11 of the release titled "Summit Financial Group Reports Fourth Quarter 2014 Results" issued earlier today. As of December 31, 2014, corrected book value per common share is $12.60 versus the $13.57 book value per common share reported earlier, and corrected tangible book value per share is $11.86 versus the $12.78 tangible book value per common share reported earlier. SMMF: 11.49 (unch)
Summit Financial EPS of $0.32
Seeking Alpha - at Seeking Alpha - Wed Jan 28, 5:08AM CST
SMMF: 11.49 (unch)
Summit Financial Group Reports Fourth Quarter 2014 Results
GlobeNewswire - Wed Jan 28, 5:00AM CST
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today reported fourth quarter 2014 net income applicable to common shares of $3.01 million, or $0.32 per diluted share, compared to $2.59 million, or $0.29 per diluted share, for the fourth quarter of 2013, representing an increase of 16.0 percent, or 10.3 percent per diluted share. Q4 2014 earnings compared to Q4 2013 were positively impacted by a $948,000 increase in net interest income and a $1.0 million decline in provision for loan losses, but were negatively impacted by a $686,000 increase in noninterest expense, which included a fraud loss of $461,000. SMMF: 11.49 (unch)
Summit Financial Group, Inc. Announces Completion of 1st Closing With Castle Creek, Termination of Bank MOU
GlobeNewswire - Wed Nov 26, 5:00AM CST
As previously disclosed, on August 22, 2014, Summit Financial Group, Inc. (the "Company" or "Summit"
(Nasdaq:SMMF) entered into a Securities Purchase Agreement (the "Purchase Agreement" with Castle Creek Capital Partners V, LP ("Castle Creek" . Pursuant to the Purchase Agreement, following the satisfaction or waiver of the conditions set forth in the Purchase Agreement, Castle Creek agreed to acquire in a private placement (the "Private Placement" shares of common stock of the Company ("Common Stock" in an amount that is expected to approximate 9.9% of the outstanding Common Stock of the Company following consummation of the Private Placement at the price of $9.75 per share. The Private Placement will consist of two closings. SMMF: 11.49 (unch)
Summit Financial Group (SMMF) Upgraded From Hold to Buy
at The Street - Mon Nov 10, 8:37AM CST
Summit Financial Group SMMF has been upgraded by TheStreet Ratings from Hold to Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation:
SMMF: 11.49 (unch)
Summit Financial reports Q3 profit
Seeking Alpha - at Seeking Alpha - Wed Oct 29, 5:13AM CDT
SMMF: 11.49 (unch)
Summit Financial Group Reports Third Quarter 2014 Results
GlobeNewswire - Wed Oct 29, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today reported third quarter 2014 net income applicable to common shares of $3.14 million, or $0.35 per diluted share, compared to $2.08 million, or $0.24 per diluted share, for the third quarter of 2013, representing an increase of 51.3 percent, or 45.8 percent per diluted share. Q3 2014 earnings compared to Q3 2013 were positively impacted by a $1.54 million increase in net interest income and a $750,000 decline in provision for loan losses, but were negatively impacted by a $926,000 increase in write-downs of foreclosed properties. SMMF: 11.49 (unch)
Summit Financial Group, Inc. Announces Entry Into Securities Purchase Agreement to Raise Capital
GlobeNewswire - Mon Aug 25, 5:22AM CDT
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today announced that it has entered into a Securities Purchase Agreement (the "Purchase Agreement" with Castle Creek Capital Partners V, LP ("Castle Creek" . Following the satisfaction or waiver of the conditions set forth in the Purchase Agreement, Castle Creek has agreed to acquire in a private placement (the "Private Placement" shares of common stock of Summit ("Common Stock" in an amount that is expected to approximate 9.9% of the outstanding Common Stock of the Company following consummation of the Private Placement at the price of $9.75 per share. The Company will receive approximately $10.2 million in net proceeds in the Private Placement after the consummation of the transactions contemplated by the Purchase Agreement. SMMF: 11.49 (unch)
Summit Financial Group Reports Second Quarter 2014 Results
GlobeNewswire - Wed Jul 30, 5:00AM CDT
Summit Financial Group, Inc. ("Company" or "Summit"
(Nasdaq:SMMF) today reported second quarter 2014 net income applicable to common shares of $2.24 million, or $0.25 per diluted share, compared to $1.02 million, or $0.13 per diluted share, for the second quarter of 2013, representing an increase of 118.9 percent, or 92.3 percent per diluted share. Q2 2014 earnings compared to Q2 2013 were positively impacted by a $532,000 decline in write-downs of foreclosed properties and an $816,000 increase in net interest income. SMMF: 11.49 (unch)
