Summit State Bank Reports Q3 Net Income of $818,000
Summit State Bank reported a Q3 net income of $818,000 ($0.12 per diluted share) for the quarter ending September 30, 2025, an increase from $626,000 ($0.09 per diluted share) in Q3 2024, but a decrease from $2.4 million ($0.36 per diluted share) in Q2 2025. The net interest margin was 3.5%, up from 2.7% in Q3 2024 but down from 3.7% in Q2 2025. The bank suspended cash dividends for Q3 2025 to enhance its capital base and liquidity.
Summit State Bank reported net income of $818,000, or $0.12 per diluted share, for the third quarter ended September 30, 2025. This compares to net income of $626,000, or $0.09 per diluted share, for the third quarter of 2024, and $2.4 million, or $0.36 per diluted share, for the second quarter of 2025. The bank’s net interest margin was 3.5% in the third quarter of 2025, up from 2.7% in the same period of 2024 and down from 3.7% in the previous quarter. Summit State Bank announced the suspension of cash dividends for the third quarter of 2025 to strengthen its capital base and improve liquidity. The bank continues to operate its four Sonoma County branch locations and online and mobile banking channels. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Summit State Bank published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9563938-en) on October 29, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)
