Summit State Bank Reports Q2 2025 Net Income Surge to $2.4 Million, EPS Up to $0.36
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Summit State Bank reported a net income of $2.4 million for Q2 2025, up from $928,000 in Q2 2024, with earnings per share increasing to $0.36. The bank's annualized return on average assets rose to 0.93% and return on average equity to 9.98%. The net interest margin expanded to 3.66%, driven by improved funding costs and higher loan yields. However, net loans decreased by 7% to $851.3 million, and total deposits fell by 5% to $922.6 million. The bank remains optimistic about future margin improvements as loans and deposits reprice.
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