Summit State Bank Q1 EPS $0.21 Down From $0.62 YoY
Portfolio Pulse from Benzinga Newsdesk
Summit State Bank (NASDAQ:SSBI) reported a significant decrease in its quarterly earnings, with EPS dropping to $0.21 from $0.62 YoY, marking a 66.13% decline.
April 30, 2024 | 1:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Summit State Bank reported a 66.13% decrease in quarterly earnings, with EPS falling to $0.21 from $0.62 YoY.
The significant drop in earnings per share (EPS) for Summit State Bank is a clear indicator of decreased profitability compared to the previous year. This substantial decline is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100