Summit State Bank Q3 EPS $0.27 Down From $0.59 YoY
Portfolio Pulse from Benzinga Newsdesk
Summit State Bank (NASDAQ:SSBI) reported a 54.24% decrease in Q3 earnings per share (EPS) year-over-year, from $0.59 to $0.27.
October 25, 2023 | 1:01 pm
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Summit State Bank's Q3 earnings per share decreased by 54.24% compared to the same period last year.
Earnings per share (EPS) is a key indicator of a company's profitability. A significant decrease in EPS, like the 54.24% drop reported by Summit State Bank, is typically seen as a negative signal by investors and could lead to a decrease in the company's stock price in the short term.
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