Summit Financial Group, Inc. Increases Quarterly Common Dividend 11 Percent to $0.20 Per Share

Rhea-AI Summary

Summit Financial Group (NASDAQ: SMMF) declared a third quarter 2022 dividend of $0.20 per share, marking an 11% increase from the previous quarter's $0.18. The dividend is payable on September 30, 2022, to shareholders on record as of September 15, 2022. Summit is a $3.76 billion financial holding company providing services in commercial and individual banking across several states, leveraging efficient operations and strong local deposits.

Positive

• Declared a dividend increase of 11% from Q2 2022.
• Demonstrates strong financial performance and confidence in business continuity.

Negative

• None.

MOOREFIELD, W.Va., Aug. 25, 2022 (GLOBE NEWSWIRE) -- Summit Financial Group, Inc. (“Summit”) (NASDAQ: SMMF) announces its Board of Directors today declared a third quarter 2022 dividend of $0.20 per share payable on September 30, 2022 to common shareholders of record as of the close of business on September 15, 2022, representing an 11 percent increase compared to the $0.18 paid in Q2 2022.

Summit Financial Group, Inc. is the $3.76 billion financial holding company for Summit Community Bank, Inc. Its talented bankers serve commercial and individual clients throughout West Virginia, the Washington, D.C. metropolitan area, Virginia, and Kentucky. Summit’s focus on in-market commercial lending and providing other business banking services in dynamic markets is designed to leverage its highly efficient operations and core deposits in strong legacy locations. Residential and consumer lending, trust and wealth management, and other retail financial services are offered through convenient digital and mobile banking platforms, including MySummit.bank, and 45 full-service branch locations. More information on Summit Financial Group, Inc. (NASDAQ: SMMF), headquartered in West Virginia’s Eastern Panhandle in Moorefield, is available at SummitFGI.com.

Contact: Telephone: Email:		Teresa Ely, Director of Shareholder Relations (304) 530-0526 tely@summitfgi.com

FAQ

What is the dividend amount declared by Summit Financial Group for Q3 2022?

Summit Financial Group declared a dividend of $0.20 per share for Q3 2022.

When will the dividend be paid to shareholders of Summit Financial Group?

The dividend will be paid on September 30, 2022.

What is the record date for the dividend payment of Summit Financial Group?

The record date for the dividend payment is September 15, 2022.

How much was the previous dividend paid in Q2 2022 by Summit Financial Group?

The previous dividend paid in Q2 2022 was $0.18 per share.

What financial services does Summit Financial Group offer?

Summit Financial Group offers commercial and individual banking services, including residential and consumer lending, trust and wealth management.