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Summit St. Bank - SSBI STOCK NEWS

Welcome to our dedicated news page for Summit St. Bank (Ticker: SSBI), a resource for investors and traders seeking the latest updates and insights on Summit St. Bank.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Summit St. Bank's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Summit St. Bank's position in the market.

Rhea-AI Summary
Summit State Bank (SSBI) appoints Dr. Frank Chong and James Finley to its Board of Directors, bringing diverse expertise in education, finance, and business. Dr. Chong, with a background in community colleges and government, and Mr. Finley, with experience in financial services and corporate management, enhance the board's capabilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.12%
Tags
management
-
Rhea-AI Summary
Summit State Bank (SSBI) reported a decrease in net income for the year ended December 31, 2023, with a 36% decline compared to the previous year. The fourth quarter of 2023 saw a decrease in net income and net interest margin, along with a 6% decrease in revenues. Despite challenges in the banking industry, the bank noted steady loan demand and increased deposit balances. However, nonperforming loans and assets increased, and the bank declared a quarterly cash dividend of $0.12 per share.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.59%
Tags
dividends
-
Rhea-AI Summary
Summit State Bank reports a decrease in net income for Q3 2023 compared to Q3 2022. Non-interest income increased due to gains on sale of loans, while net interest income decreased. The bank declared a quarterly cash dividend of $0.12 per share. Loan and deposit growth continue, with total deposits increasing by 19% compared to last year. Net interest margin decreased due to higher funding costs. Nonperforming loans and assets increased compared to previous quarters.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
Tags
dividends earnings
Rhea-AI Summary
Summit State Bank has been ranked 52nd on the San Francisco Business Times' 2023 Bay Area Corporate Philanthropists List. The list recognizes the top 100 corporate philanthropists in the Bay Area based on local cash giving.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.17%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.96%
Tags
dividends earnings
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.94%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.76%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.26%
Tags
none
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.74%
Tags
none
Summit St. Bank

Nasdaq:SSBI

SSBI Rankings

SSBI Stock Data

66.48M
4.80M
23.08%
20.69%
0.12%
Commercial Banking
Finance and Insurance
Link
United States
Santa Rosa