Summit State Bank Reports Declaration of Dividend
July 23 2018 - 1:00PM
Summit State Bank (Nasdaq:SSBI) today reported the Board of
Directors declared a $0.12 per share quarterly dividend on July 23,
2018 to be paid on August 24, 2018 to shareholders of record on
August 17, 2018.
“The Board of Directors continues its regular
dividend declaration as the results of strategies that have been
implemented and have resulted in improved results,” said Allan
Hemphill, Chairman of the Board.
Earlier, Summit State Bank reported a 57%
increase in second quarter ended June 30, 2018 net income of
$1,461,000 or $0.24 earnings per diluted share compared to $930,000
or $0.15 earnings per diluted share for the second quarter of
2017. For the six months ended June 30, 2018, net income
increased 77% over the same period in 2017, with net income of
$3,201,000 or $0.53 earnings per diluted share in 2018 compared to
$1,812,000 or $0.30 earnings per diluted share in 2017.
Contact: James E. Brush, President and CEO, Summit State
Bank (707) 568-4920
Summit State Bank (NASDAQ:SSBI)
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