Company research
SUMMIT FINANCIAL GROUP, INC.
CIK 811808Updated Oct 6, 2026
Securities
Historical securities (1)
SMMF · NASDAQ · equity · closed May 3, 2024Name history
SUMMIT FINANCIAL GROUP INC · through Sep 30, 2020SOUTH BRANCH VALLEY BANCORP INC · through Mar 31, 1999
SMMF price & chart
Historical security
This listing closed May 3, 2024. Live provider charts are shown only for current listings.
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Recent filings
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Financials
FY 2023 · USDSource
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balance sheet · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 4,634,322,000Source | 3,916,692,000Source | 3,576,719,000Source | 3,106,384,000Source |
| Property, Plant and Equipment, NetUSD | 63,038,000Source | 53,981,000Source | 56,371,000Source | 52,537,000Source |
| GoodwillUSD | 56,000,000Source | 55,300,000Source | 55,347,000Source | 45,495,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 52,232,000Source | 44,717,000Source | 78,458,000Source | 99,787,000Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | 6,400,000Source | 5,500,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 4,194,114,000Source | 3,562,162,000Source | 3,249,246,000Source | 2,824,804,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 14,920,000Source | 14,920,000Source | 14,920,000Source | 0Source |
| Common Stock, Value, IssuedUSD | 129,990,000Source | 90,696,000Source | 89,525,000Source | 94,964,000Source |
| Retained Earnings (Accumulated Deficit)USD | 302,783,000Source | 260,393,000Source | 217,770,000Source | 181,643,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -7,485,000Source | -11,479,000Source | 5,482,000Source | 5,445,000Source |
| Stockholders' Equity Attributable to ParentUSD | 440,208,000Source | 354,530,000Source | 327,473,000Source | 281,580,000Source |
| Liabilities and EquityUSD | 4,634,322,000Source | 3,916,692,000Source | 3,576,719,000Source | 3,106,384,000Source |
| Additional Financial Items | ||||
| Long-term DebtUSD | 637,000Source | 658,000Source | 679,000Source | 699,000Source |
cash flow · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | 45,738,000Source | 31,326,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 739,000Source | 624,000Source | 646,000Source | 527,000Source |
| Deferred Income Tax Expense (Benefit)USD | -303,000Source | 218,000Source | 264,000Source | -4,201,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 73,729,000Source | 67,944,000Source | 61,846,000Source | 44,681,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -155,418,000Source | -404,828,000Source | -341,747,000Source | -152,463,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 7,087,000Source | 1,346,000Source | 4,537,000Source | 8,637,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 0Source | 0Source | 6,710,000Source | 1,444,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 89,204,000Source | 303,143,000Source | 258,572,000Source | 145,681,000Source |
| Payments of Ordinary Dividends, Common StockUSD | 11,949,000Source | 9,693,000Source | 9,022,000Source | 8,786,000Source |
| Repayments of Long-term DebtUSD | 5,165,000Source | 21,000Source | 20,000Source | 21,301,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 7,515,000Source | -33,741,000Source | -21,329,000Source | 37,899,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | 78,458,000Source | 99,787,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 82,482,000Source | 27,034,000Source | 12,425,000Source | 19,975,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 739,000Source | 624,000Source | 646,000Source | 527,000Source |
| Amortization of Intangible AssetsUSD | 3,335,000Source | 1,440,000Source | 1,563,000Source | 1,659,000Source |
| Bank Owned Life Insurance IncomeUSD | 1,576,000Source | 1,211,000Source | 1,026,000Source | 1,567,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | -266,000Source | -708,000Source | 425,000Source | — |
| DepreciationUSD | 3,848,000Source | 3,608,000Source | 3,587,000Source | 3,223,000Source |
| Equipment ExpenseUSD | 9,094,000Source | 7,253,000Source | 6,990,000Source | 5,765,000Source |
| Equity Securities, FV-NI, Gain (Loss)USD | 740,000Source | 265,000Source | 202,000Source | — |
| Gain (Loss) on Disposition of BusinessUSD | — | — | 0Source | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 71,000Source | 21,000Source | 108,000Source | -221,000Source |
| Gain (Loss) on Sales of Loans, NetUSD | 77,000Source | 327,000Source | 2,153,000Source | 1,806,000Source |
| GoodwillUSD | 56,000,000Source | 55,300,000Source | 55,347,000Source | 45,495,000Source |
| Income Tax Expense (Benefit)USD | 15,163,000Source | 14,094,000Source | 11,663,000Source | 7,428,000Source |
| Net Income (Loss) Attributable to ParentUSD | 55,239,000Source | 53,216,000Source | — | — |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 54,339,000Source | 52,316,000Source | 45,149,000Source | 31,326,000Source |
| Operating Lease, ExpenseUSD | 1,355,000Source | 999,000Source | 904,000Source | — |
| Proceeds from Issuance of Common StockUSD | 244,000Source | 203,000Source | 294,000Source | 178,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 4,492,000Source | 1,875,000Source | 8,070,000Source | 3,525,000Source |
| Proceeds from Stock Options ExercisedUSD | 0Source | 0Source | 16,000Source | 0Source |
| Provision for Loan, Lease, and Other LossesUSD | 12,250,000Source | — | 915,000Source | 12,743,000Source |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 11,455,000Source | 7,278,000Source | — | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 18,264,000Source | 15,905,000Source | — | — |
income statement · annual statements
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 70,402,000Source | 67,310,000Source | 57,401,000Source | — |
| Income Tax Expense (Benefit)USD | 15,163,000Source | 14,094,000Source | 11,663,000Source | 7,428,000Source |
| Net Income (Loss) Attributable to ParentUSD | 55,239,000Source | 53,216,000Source | — | — |
| Earnings Per Share, BasicUSD per share | 3.82Source | 4.1Source | 3.49Source | 2.42Source |
| Earnings Per Share, DilutedUSD per share | 3.81Source | 4.08Source | 3.47Source | 2.41Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 14,206,811Source | 12,760,649Source | 12,943,883Source | 12,935,430Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 14,249,129Source | 12,821,533Source | 13,003,428Source | 12,975,385Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 3,335,000Source | 1,440,000Source | 1,563,000Source | 1,659,000Source |
| Bank Owned Life Insurance IncomeUSD | 1,576,000Source | 1,211,000Source | 1,026,000Source | 1,567,000Source |
| Business Combination, Acquisition Related CostsUSD | 6,444,000Source | 114,000Source | 1,224,000Source | 1,671,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.84Source | 0.76Source | 0.7Source | 0.68Source |
| Current Income Tax Expense (Benefit)USD | 15,466,000Source | 13,876,000Source | 11,399,000Source | 11,629,000Source |
| Equipment ExpenseUSD | 9,094,000Source | 7,253,000Source | 6,990,000Source | 5,765,000Source |
| Interest ExpenseUSD | 85,979,000Source | 29,761,000Source | 12,483,000Source | 19,521,000Source |
| Interest Income (Expense), NetUSD | 156,569,000Source | 128,986,000Source | 109,932,000Source | 95,482,000Source |
| Labor and Related ExpenseUSD | 46,296,000Source | 40,452,000Source | 34,386,000Source | 32,211,000Source |
| Marketing and Advertising ExpenseUSD | 1,113,000Source | 893,000Source | 697,000Source | 596,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 54,339,000Source | 52,316,000Source | 45,149,000Source | 31,326,000Source |
| Operating Lease, ExpenseUSD | 1,355,000Source | 999,000Source | 904,000Source | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | 900,000Source | 900,000Source | 589,000Source | — |
| Revenue from Contract with Customer, Including Assessed TaxUSD | 18,264,000Source | 15,905,000Source | — | — |