Summit State Bank (SSBI)
Summit 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
- Summit State Bank has issued 73 dividend payments over the past 18 years
- The most recent dividend was paid 362 days ago, on October 10, 2024
- The highest dividend payed out to investors during this period was $0.12 per share
- The average dividend paid during this period was $0.11 per share.
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.