Summit State Bank (SSBI) AI Stock Analysis

• Market Cap: $72.44M
• Dividend Yield: N/A
• Average Volume (3M): 9.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.17
• Revenue Growth: -0.80%
• EPS Growth: -129.22%
• Country: US
• Employees: 106
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 0.12
• Shares Outstanding: 6,676,560
• 10 Day Avg. Volume: 8,791
• 30 Day Avg. Volume: 9,941
• PEG Ratio: 0.09
• Price to Book (P/B): 0.56
• Price to Sales (P/S): 0.83
• P/FCF Ratio: 9.14
• Enterprise Value/Market Cap: 0.19
• Enterprise Value/Revenue: 0.22
• Enterprise Value/Gross Profit: 0.50
• Enterprise Value/Ebitda: -13.87
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 45 Neutral
• Price Target: $10.50 ▼(-1.96% Downside)

Summit State Bank's overall stock score reflects significant financial and technical challenges. The most impactful factor is the financial performance, with recent losses and declining cash flow. Technical analysis indicates bearish momentum, further weighing on the score. Valuation metrics suggest the stock may be overvalued given its current performance.

Summit State Bank Business Overview & Revenue Model

Company Description

Summit State Bank (SSBI) is a community bank headquartered in Santa Rosa, California, focusing on providing personalized banking services to individuals, small businesses, and commercial clients. The bank operates primarily in the sectors of retail banking, commercial banking, and wealth management. Its core products include checking and savings accounts, loans (including personal, commercial, and real estate loans), credit cards, and investment services, all tailored to meet the needs of the local community.

How the Company Makes Money

Summit State Bank generates revenue primarily through interest income derived from the loans it provides to customers. This includes interest on personal, commercial, and real estate loans, which typically represent the largest revenue stream for banks. Additionally, the bank earns money through service fees associated with deposit accounts, ATM transactions, and other banking services. Other revenue sources include fees from wealth management services and investment products. Significant partnerships with local businesses and organizations enhance its customer base and facilitate cross-selling opportunities, contributing to overall earnings. The bank's financial performance is also influenced by its asset management strategies and the prevailing interest rates in the market.

Summit State Bank Financial Statement Overview

Summary

Summit State Bank is facing financial headwinds with recent losses impacting profitability and cash flow. The income statement reveals declining profitability with a negative net profit margin, while cash flow analysis shows a significant decline in free cash flow growth. However, the balance sheet remains stable with low leverage, indicating some financial stability.

Income Statement

Summit State Bank's income statement reveals a challenging period with declining profitability. The TTM data shows a negative net profit margin of -2.58%, indicating losses. Revenue growth has been inconsistent, with a notable decline in 2024. The gross profit margin has decreased over time, reflecting pressure on cost management. Despite previous years of strong EBIT and EBITDA margins, the recent negative margins highlight operational challenges.

Balance Sheet

The balance sheet shows a relatively low debt-to-equity ratio of 0.06 in the TTM, indicating conservative leverage. However, the return on equity has turned negative, reflecting recent losses. The equity ratio remains stable, suggesting a solid capital base. Historical data shows a reduction in debt levels, which is a positive sign for financial stability.

Cash Flow

Cash flow analysis indicates a significant decline in free cash flow growth in the TTM, down by 61.69%. The operating cash flow to net income ratio is low, suggesting challenges in converting earnings into cash. However, the free cash flow to net income ratio remains relatively strong at 0.92, indicating some resilience in cash generation despite recent losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	62.11M	62.03M	65.06M	56.16M	46.43M	40.58M
Gross Profit	27.35M	24.81M	40.01M	47.09M	40.77M	32.31M
EBITDA	-980.00K	-4.00M	15.67M	24.26M	21.29M	15.37M
Net Income	-1.60M	-4.19M	10.82M	16.97M	14.70M	10.52M
Balance Sheet
Total Assets	1.03B	1.07B	1.12B	1.12B	958.08M	865.85M
Cash, Cash Equivalents and Short-Term Investments	133.79M	111.47M	134.12M	161.35M	110.07M	98.78M
Total Debt	5.94M	5.93M	5.92M	46.91M	54.39M	59.38M
Total Liabilities	934.36M	975.37M	1.02B	1.03B	873.80M	790.23M
Stockholders Equity	98.11M	91.72M	97.68M	88.55M	84.28M	75.63M
Cash Flow
Free Cash Flow	685.00K	5.62M	-2.62M	13.54M	7.38M	3.59M
Operating Cash Flow	744.00K	5.85M	-2.38M	13.72M	7.47M	3.72M
Investing Cash Flow	73.28M	36.79M	-20.18M	-117.18M	-74.95M	-168.65M
Financing Cash Flow	-47.76M	-49.03M	2.79M	140.33M	77.35M	157.46M

Summit State Bank Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.71
• 50DMA: Negative
• 100DMA: Negative
• 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 Negative. The current price of 10.71 is below the 20-day moving average (MA) of 11.35, below the 50-day MA of 11.69, and above the 200-day MA of 10.16, indicating a neutral trend. The MACD of -0.31 indicates Positive momentum. The RSI at 31.97 is Neutral, neither overbought nor oversold. The STOCH value of 24.74 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SSBI.

Summit State Bank Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
FUSB	71 Outperform	$74.36M	13.91	5.50%	2.08%	1.03%	-35.72%
BOTJ	68 Neutral	$77.10M	9.74	10.86%	2.35%	6.17%	-6.13%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
IROQ	66 Neutral	$86.52M	16.48	6.20%	1.55%	2.14%	157.35%
UBCP	62 Neutral	$73.62M	10.03	10.99%	7.10%	6.30%	-3.81%
FNWB	51 Neutral	$85.92M	-11.05	-4.68%	3.07%	8.02%	21.36%
SSBI	45 Neutral	$72.44M	-51.32	-1.41%	―	-0.80%	-129.22%

Summit State Bank Corporate Events

Summit State Bank Reports Strong Q2 2025 Earnings

Summit State Bank, a community bank headquartered in Sonoma County, specializes in providing financial services to small businesses, nonprofits, and the community, with a focus on exceptional customer service and customized solutions. In its second quarter of 2025, Summit State Bank reported a significant increase in net income, reaching $2.4 million or $0.36 per diluted share, compared to $928,000 or $0.14 per diluted share in the same period last year. This growth was driven by a robust net interest income and a notable expansion in net interest margin, which rose to 3.66% from 2.71% a year ago. The bank also made strides in reducing non-performing assets, which decreased by $27.2 million year-over-year, reflecting effective credit management strategies.