Summit State Bank Reports Net Income of $1.8 Million for Third Quarter 2023; Declares Quarterly Cash Dividend of $0.12 Per Common Share
Lower net interest income resulting from an increase in interest expense on deposits offset aforementioned increase in non-interest income.
- Lower net interest income resulting from an increase in interest expense on deposits offset aforementioned increase in non-interest income.
- The Board of Directors declared a quarterly cash dividend of $0.12 per share on October 24, 2023.
- Third quarter revenues (interest income plus noninterest income) increased 20.8% to $16,427,000, compared to $13,596,000 in the third quarter a year ago.
- Declared a quarterly cash dividend of $0.12 per share for the three months ended September 30, 2023, June 30, 2023 and September 30, 2022.