Revenue Update on Summit State Bank(NASDAQ:SSBI)

Summit State Bank(NASDAQ:SSBI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Earnings per share were $0.26.

Summit State Bank (SSBI) remained unchanged at the close of Friday session. Even as the volume increased to 9,281 ,the shares failed to make any impression and ended at 0.0001 points or 0.00% at $13.78. The trading session commenced at $13.6018 and the stock hit a high of $13.78 and touched $13.6 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $14.26 and the 52-week low is $12.59. The company has a market cap of $66 M and has approximately 47,83,170 outstanding shares.

Summit State Bank (the Bank) is a state-chartered commercial bank operating a traditional community banking business within its primary service area of Sonoma County in California. The Bank operates through five offices located in Santa Rosa Rohnert Park Healdsburg and Petaluma. The Bank provides a range of financial services to small-to medium-sized businesses and their owners and employees professionals and professional associations entrepreneurs high-net-worth families foundations estates and to individual consumers. The Bank offers depository and lending services include a variety of transaction money market savings and time deposit account alternatives. The Bank’s lending activities are directed primarily towards commercial real estate construction and business loans. The Bank utilizes its subsidiary Alto Service Corporation for its deed of trust services.

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