Summit State Bank (SSBI) AI Stock Analysis

• Market Cap: $77.45M
• Dividend Yield: 3.43%
• Average Volume (3M): 16.06K
• Price to Earnings (P/E): 10.4
• Beta (1Y): 0.32
• Revenue Growth: -3.54%
• EPS Growth: -138.07%
• Country: US
• Employees: 106
• Sector: Financial
• Sector Strength: 73
• Industry: Banks - Regional
• EPS (TTM): 0.37
• Shares Outstanding: 6,676,560
• 10 Day Avg. Volume: 6,363
• 30 Day Avg. Volume: 16,061
• PEG Ratio: 0.40
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 7.80
• Enterprise Value/Market Cap: 0.97
• Enterprise Value/Revenue: 0.37
• Enterprise Value/Gross Profit: 1.32
• Enterprise Value/Ebitda: 6.69
• 1Y Price Target: $9.50
• Price Target Upside: -18.10% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 55 Neutral
• Price Target: $11.00 ▼(-5.17%Downside)

The stock's overall score is primarily influenced by its weak financial performance, which is a significant concern due to declining revenue and profitability challenges. While technical analysis shows positive momentum, the valuation is hampered by negative earnings. Investors should be cautious of the risks despite the current positive market momentum.

Summit State Bank Business Overview & Revenue Model

Company Description

Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, individual retirement, and other retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and lines of credit, term, and equipment loans, as well as loans to agriculture-related businesses. In addition, the company provides Internet and telephone banking; and other services, such as banking by appointment, online banking, direct payroll and social security deposits, letters of credit, access to national automated teller machine networks, courier, safe deposit boxes, night depository facilities, notary, travelers checks, lockbox, and banking by mail. Further, it offers electronic banking, cash management, and electronic bill payment services. The company operates through five depository offices located in Santa Rosa, Rohnert Park, Healdsburg, and Petaluma, as well as loan production offices in Roseville, California, Irvine, and Scottsdale, Arizona. Summit State Bank was incorporated in 1982 and is headquartered in Santa Rosa, California.

How the Company Makes Money

Summit State Bank primarily generates revenue through interest income from loans and investments, as well as fee-based income from various banking services. Key revenue streams include interest earned on personal and commercial loans, mortgage lending, and investment securities. Additionally, the bank earns non-interest income through service fees, such as account maintenance fees, transaction fees, and fees for specialized banking services. Strategic partnerships with local businesses and community organizations also contribute to its growth and earnings by expanding its customer base and enhancing its product offerings.

Summit State Bank Financial Statement Overview

Summary

Summit State Bank faces significant challenges with declining revenue and profitability, as indicated by a negative net income and reduced EBIT margin. The balance sheet shows moderate leverage, but the negative cash flows are concerning, particularly the negative free cash flow and operating cash flow. Overall, the bank must improve operational efficiency and cash generation.

Income Statement

Summit State Bank's income statement shows a significant decline in revenue and profitability in the most recent year. The revenue growth rate is negative, indicating a downward trend. The gross profit margin has also decreased, and the net income has turned negative, leading to a negative net profit margin. The EBIT margin has decreased drastically, reflecting operational challenges.

Balance Sheet

The balance sheet indicates a relatively low debt-to-equity ratio, which suggests moderate leverage and could be a sign of financial stability. However, the return on equity has turned negative due to the negative net income, which affects profitability. The equity ratio remains stable, indicating a solid capital base.

Cash Flow

The cash flow statement reveals concerns with negative free cash flow and operating cash flow in the latest year, which is problematic for cash generation. The operating cash flow to net income ratio is not calculable due to negative net income, and the free cash flow to net income ratio cannot be derived for the same reason.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	25.78M	40.28M	49.63M	42.06M	34.71M
Gross Profit	25.78M	40.33M	49.63M	42.06M	34.71M
EBITDA	0.00	15.67M	24.26M	21.29M	15.37M
Net Income	-4.19M	10.82M	16.97M	14.70M	10.52M
Balance Sheet
Total Assets	1.07B	1.12B	1.12B	958.08M	865.85M
Cash, Cash Equivalents and Short-Term Investments	51.40M	57.79M	161.35M	110.07M	98.78M
Total Debt	5.93M	5.92M	46.91M	54.39M	59.38M
Total Liabilities	975.37M	1.02B	1.03B	873.80M	790.23M
Stockholders Equity	91.72M	97.68M	88.55M	84.28M	75.63M
Cash Flow
Free Cash Flow	5.62M	-2.62M	13.54M	51.93M	3.59M
Operating Cash Flow	5.85M	-2.38M	13.72M	52.02M	3.72M
Investing Cash Flow	36.79M	-20.18M	-117.18M	-119.50M	-168.65M
Financing Cash Flow	-49.03M	2.79M	140.33M	77.35M	157.46M

Summit State Bank Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 11.60
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SSBI, the sentiment is Positive. The current price of 11.6 is above the 20-day moving average (MA) of 11.28, above the 50-day MA of 10.36, and above the 200-day MA of 8.47, indicating a bullish trend. The MACD of 0.43 indicates Positive momentum. The RSI at 62.13 is Neutral, neither overbought nor oversold. The STOCH value of 76.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SSBI.

Summit State Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BOTJ	73 Outperform	$63.15M	9.57	10.25%	2.91%	12.23%	-25.92%
Sector *	68 Neutral	$17.10B	11.19	9.70%	3.58%	11.11%	-4.55%
BAFN	66 Neutral	$61.73M	6.69	10.87%	2.21%	8.22%	111.97%
BYFC	60 Neutral	$76.25M	158.72	0.10%	―	11.84%	-162.63%
SSBI	55 Neutral	$77.45M	10.38	-3.20%	3.43%	-3.54%	-138.07%