SMMF
Income statement / Annual
Last year (2023), Summit Financial Group, Inc.'s total revenue was $263.33 M,
an increase of 82.60% from the previous year.
In 2023, Summit Financial Group, Inc.'s net income was $55.24 M.
See Summit Financial Group, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
FY-2014
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
12/31/2014 |
| Operating Revenue |
$263.33 M
|
$144.21 M
|
$127.47 M
|
$113.34 M
|
$94.47 M
|
$85.74 M
|
$80.73 M
|
$61.52 M
|
$57.90 M
|
$52.78 M
|
| Cost of Revenue |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Gross Profit |
$263.33 M |
$144.21 M |
$127.47 M |
$113.34 M |
$94.47 M |
$85.74 M |
$80.73 M |
$61.52 M |
$57.90 M |
$52.78 M |
| Gross Profit Ratio |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
1 |
| Research and Development
Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative
Expenses |
$48.75 M
|
$41.68 M
|
$35.84 M
|
$33.07 M
|
$29.15 M
|
$28.31 M
|
$26.14 M
|
$20.45 M
|
$18.86 M
|
$17.98 M
|
| Selling & Marketing
Expenses |
$1.11 M
|
$893,000.00
|
$697,000.00
|
$596,000.00
|
$698,000.00
|
$654,000.00
|
$578,000.00
|
$445,000.00
|
$497,000.00
|
$425,000.00
|
| Selling, General &
Administrative Expenses |
$49.87 M
|
$42.57 M
|
$36.53 M
|
$33.66 M
|
$29.85 M
|
$28.96 M
|
$26.14 M
|
$20.45 M
|
$18.86 M
|
$17.98 M
|
| Other Expenses |
-$27.02 M |
-$40.94 M |
-$106.60 M |
-$108.25 M |
-$84.74 M |
-$54.00 M |
-$14.37 M |
-$10.36 M |
$0.00 |
$0.00 |
| Operating Expenses |
$27.02 M |
$1.63 M |
-$70.07 M |
-$74.59 M |
-$54.88 M |
-$25.04 M |
$1.37 M |
$1.52 M |
$1.62 M |
$1.43 M |
| Cost And Expenses |
$186.49 M |
$1.63 M |
-$70.07 M |
-$74.59 M |
-$54.88 M |
-$25.04 M |
$1.37 M |
$1.52 M |
$1.62 M |
$1.43 M |
| Interest Income |
$242.55 M |
$158.75 M |
$122.42 M |
$115.00 M |
$107.07 M |
$95.41 M |
$84.53 M |
$64.09 M |
$58.88 M |
$57.63 M |
| Interest Expense |
$12.79 M |
$29.76 M |
$12.48 M |
$19.52 M |
$29.99 M |
$25.61 M |
$18.38 M |
$15.08 M |
$12.87 M |
$15.24 M |
| Depreciation &
Amortization |
$7.18 M
|
$1.44 M
|
$1.56 M
|
$1.66 M
|
$1.70 M
|
$1.67 M
|
$1.41 M
|
$247,000.00
|
$1.28 M
|
$1.07 M
|
| EBITDA |
$169.60 M
|
$0.00
|
$0.00
|
$0.00
|
$135.89 M
|
$146.52 M
|
$120.73 M
|
$100.64 M
|
$37.14 M
|
$32.35 M
|
| EBITDA Ratio |
0.01 |
0.68 |
0.46 |
0.36 |
0.44 |
0.75 |
0.54 |
0.68 |
0.64 |
0.61 |
| Operating Income Ratio
|
-0.01
|
0.67
|
0.45
|
0.34
|
0.42
|
0.71
|
0.52
|
0.68
|
0.62
|
0.59
|
| Total Other
Income/Expenses Net |
-$8.82 M
|
-$75.27 M
|
-$33.54 M
|
-$41.85 M
|
-$25.03 M
|
-$49.04 M
|
-$57.79 M
|
-$34.70 M
|
-$4.49 M
|
-$8.12 M
|
| Income Before Tax |
$70.40 M |
$67.31 M |
$57.40 M |
$38.75 M |
$39.58 M |
$35.10 M |
$21.58 M |
$25.31 M |
$23.00 M |
$16.03 M |
| Income Before Tax Ratio
|
0.27
|
0.47
|
0.45
|
0.34
|
0.42
|
0.41
|
0.27
|
0.41
|
0.4
|
0.3
|
| Income Tax Expense |
$15.16 M |
$14.09 M |
$11.66 M |
$7.43 M |
$7.72 M |
$7.02 M |
$9.66 M |
$8.01 M |
$6.89 M |
$4.68 M |
| Net Income |
$55.24 M |
$53.22 M |
$45.74 M |
$31.33 M |
$31.87 M |
$28.07 M |
$11.92 M |
$17.30 M |
$16.10 M |
$11.36 M |
| Net Income Ratio |
0.21 |
0.37 |
0.36 |
0.28 |
0.34 |
0.33 |
0.15 |
0.28 |
0.28 |
0.22 |
| EPS |
3.82 |
4.1 |
3.49 |
2.42 |
2.55 |
2.27 |
1 |
1.62 |
1.56 |
1.28 |
| EPS Diluted |
3.81 |
4.08 |
3.47 |
2.41 |
2.53 |
2.26 |
1 |
1.61 |
1.5 |
1.07 |
| Weighted Average Shares
Out |
$14.21 M
|
$12.76 M
|
$12.94 M
|
$12.94 M
|
$12.52 M
|
$12.36 M
|
$11.92 M
|
$10.69 M
|
$10.30 M
|
$8.25 M
|
| Weighted Average Shares
Out Diluted |
$14.25 M
|
$12.82 M
|
$13.00 M
|
$12.98 M
|
$12.58 M
|
$12.42 M
|
$11.95 M
|
$10.72 M
|
$10.72 M
|
$10.63 M
|
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