Summit State Bank
SSBISummit State Bank (SSBI) is a community-focused financial institution based in California, offering personal and business banking services. Established to serve local residents and businesses, the bank provides a range of financial products including checking and savings accounts, loans, and mortgages. Known for its personalized service and commitment to fostering local economic growth, Summit State Bank emphasizes relationship banking and community involvement.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| October 10, 2024 | $0.04 | 2024-10-03 | 2024-10-03 |
| May 23, 2024 | $0.12 | 2024-05-15 | 2024-05-16 |
| February 15, 2024 | $0.12 | 2024-02-07 | 2024-02-08 |
| November 16, 2023 | $0.12 | 2023-11-08 | 2023-11-09 |
| August 17, 2023 | $0.12 | 2023-08-09 | 2023-08-10 |
Dividends Summary
- Consistent Payer: Summit State Bank has rewarded shareholders with 73 dividend payments over the past 18 years.
- Total Returned Value: Investors who held SSBI shares during this period received a total of $7.80 per share in dividend income.
- Latest Payout: The most recent dividend of $0.04/share was paid 646 days ago, on October 10, 2024.
- Yield & Schedule: SSBI currently pays dividends quarterly with an annual yield of 2.94%.
- Dividend Growth: Since 2006, the dividend payout has decreased by 55.6%, from $0.09 to $0.04.
Company News
Summit State Bank has reduced its quarterly cash dividend to common shareholders from $0.04 per share to a lower amount, citing the current rate environment and its impact on earnings. The bank aims to improve capital ratios, increase liquidity, and position itself better for long-term value creation during economic uncertainty.
SANTA ROSA, Calif., March 29, 2024 (GLOBE NEWSWIRE) -- Summit State Bank (NASDAQ: SSBI) welcomes Dr. Frank Chong and James Finley, to its Board of Directors. Dr. Chong and Mr. Finley were elected to the Board of Directors at the Bank’s Board Meeting held on Monday, February 26, 2024.
SANTA ROSA, Calif., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced today that it has been ranked number 52nd on the San Francisco Business Times’ 2023 Bay Area Corporate Philanthropists List which was published in a supplement in the San Francisco Business Times on July 28, 2023. The Corporate Philanthropy Awards...
SANTA ROSA, Calif., July 27, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) (“Summit”) announced today that it is aware that Big Poppy Holdings, Inc. (“Poppy”) has published a notice stating that it holds 332,464 shares of Summit’s common stock, which is approximately 4.9% of the outstanding shares, and that it intends to f...
SANTA ROSA, Calif., June 21, 2023 (GLOBE NEWSWIRE) -- Summit State Bank (Nasdaq: SSBI) announced that the bank has been named to the CB Durable Performance Index™ for 1Q 2023. The index highlights banks who have maintained above average performance over the course of the last 3 years by aggregating and analyzing performance and regulatory da...
