Summit State Bank Q2 EPS $0.45 Down From $0.67 YoY, Sales $11.11M Down From $12.66M YoY
Portfolio Pulse from Benzinga Newsdesk
Summit State Bank (NASDAQ:SSBI) reported Q2 earnings of $0.45 per share, a decrease of 32.84% YoY. The company also reported sales of $11.11 million, a decrease of 12.19% YoY.
July 25, 2023 | 1:10 pm
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NEGATIVE IMPACT
Summit State Bank's Q2 earnings and sales have decreased compared to the same period last year. This could potentially impact the company's stock negatively in the short term.
Earnings reports are a key indicator of a company's financial health. A decrease in earnings and sales YoY indicates that the company is not performing as well as it did in the previous year. This could potentially lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100