Summit State Bank (SSBI) Income Statement
SSBI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsSSBI revenue and net income
Where SSBI's revenue goes
2025Each bar shows an amount and its share of revenue. SSBI kept 11.6% of revenue as net income.
SSBI profit margins
SSBI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −5.2% | +1.6% | +7.7% | +10.7% |
| Gross profit | +32.3% | −11.3% | +0.3% | +4.5% |
| Operating income | — | −27.9% | −9.7% | −1.3% |
| Net income | — | −26.3% | −8.4% | +1.2% |
| EPS (diluted) | — | −26.4% | −10.3% | +1.9% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
SSBI quarterly EPS vs estimates
Next report: November 4, 2026.
SSBI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $58.8M | $62.0M | $65.1M | $56.2M | $46.4M | $40.6M | $32.5M | $27.9M | $22.4M | $21.9M |
| Cost of revenue | $26.0M | $37.2M | $25.1M | $9.1M | $5.7M | $8.3M | $7.7M | $4.5M | $2.7M | $1.2M |
| Gross profit | $32.8M | $24.8M | $40.0M | $47.1M | $40.8M | $32.3M | $24.7M | $23.4M | $19.8M | $20.7M |
| Sales, general & admin | $16.3M | $18.4M | $18.4M | $17.7M | $14.9M | $12.5M | $12.8M | $12.4M | $10.9M | $9.6M |
| Total operating expenses | $23.8M | $29.2M | $24.7M | $23.2M | $19.9M | $17.4M | $15.9M | $15.4M | $13.8M | $12.2M |
| Operating income | $9.0M | −$4.4M | $15.3M | $23.9M | $20.9M | $14.9M | $8.9M | $8.0M | $5.9M | $8.4M |
| Interest income | $57.9M | $58.2M | $59.0M | $48.7M | $41.7M | $36.2M | $29.8M | $25.3M | $20.5M | $19.6M |
| Interest expense | $23.5M | $29.3M | $24.8M | $6.5M | $4.4M | $6.2M | $7.0M | $4.0M | $2.1M | $1.2M |
| Income before taxes | $9.0M | −$4.4M | $15.3M | $23.9M | $20.9M | $14.9M | $8.9M | $8.0M | $5.9M | $8.4M |
| Income taxes | $2.2M | −$195,000 | $4.5M | $6.9M | $6.2M | $4.4M | $2.4M | $2.2M | $2.6M | $3.5M |
| Net income | $6.8M | −$4.2M | $10.8M | $17.0M | $14.7M | $10.5M | $6.5M | $5.8M | $3.3M | $5.0M |
| EBITDA | $9.3M | −$4.0M | $15.7M | $24.3M | $21.3M | $15.4M | $9.4M | $8.4M | $6.3M | $8.8M |
| EPS (diluted) | $1.01 | −$0.54 | $1.61 | $2.53 | $2.31 | $1.74 | $1.06 | $0.96 | $0.60 | $0.68 |
| Gross margin | 55.8% | 40.0% | 61.5% | 83.8% | 87.8% | 79.6% | 76.2% | 83.9% | 88.1% | 94.4% |
| Operating margin | 15.2% | −7.1% | 23.5% | 42.5% | 45.0% | 36.8% | 27.3% | 28.9% | 26.4% | 38.5% |
| Net margin | 11.6% | −6.8% | 16.6% | 30.2% | 31.7% | 25.9% | 19.9% | 20.9% | 14.7% | 22.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.0M | $15.1M | $13.0M | $15.1M | $15.5M | $15.2M | $15.4M | $16.0M | $15.2M | $15.4M | $15.0M | $16.4M |
| Cost of revenue | $10.6M | $6.0M | $5.9M | $8.3M | $5.9M | $5.8M | $14.0M | $9.0M | $7.3M | $7.0M | $7.1M | $7.0M |
| Gross profit | $4.4M | $9.0M | $7.1M | $6.8M | $9.5M | $9.4M | $1.4M | $7.0M | $7.9M | $8.4M | $7.9M | $9.4M |
| Sales, general & admin | $4.1M | $5.0M | $3.8M | $3.9M | $4.9M | $4.7M | $4.1M | $4.7M | $4.9M | $4.6M | $3.6M | $5.2M |
| Total operating expenses | $6.3M | $6.7M | $5.7M | $5.5M | $6.3M | $6.3M | $10.0M | $6.2M | $6.6M | $6.4M | $5.2M | $6.9M |
| Operating income | −$1.9M | $2.3M | $1.4M | $1.3M | $3.2M | $3.1M | −$8.5M | $828,000 | $1.3M | $2.0M | $2.7M | $2.5M |
| Interest income | — | $13.7M | $14.3M | $14.1M | $15.1M | $14.4M | $14.8M | $14.8M | $14.2M | $14.3M | $14.9M | $14.8M |
| Interest expense | $4.7M | $5.0M | $5.5M | $5.6M | $6.0M | $6.5M | $7.2M | $7.7M | $7.3M | $7.1M | $7.2M | $7.0M |
| Income before taxes | −$1.9M | $2.3M | $1.4M | $1.3M | $3.2M | $3.1M | −$8.5M | $828,000 | $1.3M | $2.0M | $2.7M | $2.5M |
| Income taxes | −$638,000 | $599,000 | $284,000 | $453,000 | $825,000 | $605,000 | −$1.4M | $202,000 | $356,000 | $645,000 | $807,000 | $686,000 |
| Net income | −$1.3M | $1.7M | $1.1M | $818,000 | $2.4M | $2.5M | −$7.1M | $626,000 | $928,000 | $1.4M | $1.9M | $1.8M |
| EBITDA | −$1.9M | $2.4M | $1.4M | $1.4M | $3.3M | $3.2M | −$8.4M | $926,000 | $1.4M | $2.1M | $2.8M | $2.6M |
| EPS (diluted) | −$0.19 | $0.25 | $0.16 | $0.12 | $0.36 | $0.37 | −$0.98 | $0.09 | $0.14 | $0.21 | $0.28 | $0.27 |
| Gross margin | 29.1% | 59.8% | 54.4% | 45.1% | 61.6% | 61.6% | 9.4% | 43.7% | 52.1% | 54.7% | 52.5% | 57.5% |
| Operating margin | −13.0% | 15.1% | 10.4% | 8.4% | 20.9% | 20.4% | −55.4% | 5.2% | 8.5% | 13.2% | 18.1% | 15.3% |
| Net margin | −8.7% | 11.1% | 8.2% | 5.4% | 15.6% | 16.4% | −46.4% | 3.9% | 6.1% | 9.0% | 12.7% | 11.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in SSBI's financial statements (latest annual report filed December 31, 2025); data from EODHD. Sales, general & administrative expenses include sales and marketing.
SSBI financial results
In fiscal year 2025 (ended December 31, 2025), Summit State Bank reported revenue of $58.8 million, down 5.2% from the year before. It had net income of $6.8 million, a net profit margin of 11.6%. Diluted earnings per share came to $1.01. Over five years revenue grew at an average rate of 7.7% a year.
See the SSBI stock overview for the latest quote and news, or the SSBI chart for price history and technical indicators.
SSBI income statement FAQ
What is Summit State Bank's annual revenue?
Summit State Bank reported total revenue of $58.8 million for fiscal year 2025, which ended on December 31, 2025. That was down 5.2% from $62.0 million the previous year.
Is Summit State Bank profitable?
Yes. Summit State Bank reported net income of $6.8 million in fiscal 2025, a net profit margin of 11.6%; its operating margin was 15.2%.
What is Summit State Bank's gross margin?
Summit State Bank's gross margin was 55.8% in fiscal 2025: for every $100 of revenue, Summit State Bank kept $56 after the direct cost of its products and services.
How fast is Summit State Bank growing?
Revenue grew 7.7% a year on average over the last five fiscal years, from $40.6 million to $58.8 million.
What are Summit State Bank's earnings per share?
Summit State Bank earned $1.01 per diluted share in fiscal 2025, compared with $-0.54 a year earlier.
When will Summit State Bank report its next earnings?
Summit State Bank is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Summit State Bank's fiscal year end?
Summit State Bank's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on December 31, 2025.