Summit Total Assets from 2010 to 2026
| SSBI Stock | USD 13.07 0.11 0.83% |
Total Assets | First Reported 2005-12-31 | Previous Quarter 1 B | Current Value 1 B | Quarterly Volatility 279.8 M |
Check Summit State financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Summit State's main balance sheet or income statement drivers, such as Depreciation And Amortization of 689.5 K, Interest Expense of 24.7 M or Total Revenue of 30.8 M, as well as many indicators such as Price To Sales Ratio of 1.26, Dividend Yield of 0.049 or PTB Ratio of 1.19. Summit financial statements analysis is a perfect complement when working with Summit State Valuation or Volatility modules.
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The Total Assets trend for Summit State Bank offers valuable insights into the company's financial trajectory and strategic direction. By examining multi-year patterns, investors can identify whether Summit State is strengthening or weakening its position, and how this metric correlates with broader market conditions and industry benchmarks.
Latest Summit State's Total Assets Growth Pattern
Below is the plot of the Total Assets of Summit State Bank over the last few years. Total assets refers to the total amount of Summit State assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Summit State Bank books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. It is the total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets. Summit State's Total Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Summit State's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 1 B | 10 Years Trend |
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Total Assets |
| Timeline |
Summit Total Assets Regression Statistics
| Arithmetic Mean | 686,952,568 | |
| Geometric Mean | 629,465,261 | |
| Coefficient Of Variation | 41.03 | |
| Mean Deviation | 237,738,238 | |
| Median | 622,104,000 | |
| Standard Deviation | 281,837,302 | |
| Sample Variance | 79432.3T | |
| Range | 902.8M | |
| R-Value | 0.85 | |
| Mean Square Error | 23451.4T | |
| R-Squared | 0.72 | |
| Significance | 0.000015 | |
| Slope | 47,463,748 | |
| Total Sum of Squares | 1270916.2T |
Summit Total Assets History
Other Fundumenentals of Summit State Bank
Summit State Total Assets component correlations
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About Summit State Financial Statements
Investors use fundamental indicators, such as Summit State's Total Assets, to determine how well the company is positioned to perform in the future. Although Summit State's investors may analyze each financial statement separately, they are all interrelated. Understanding these patterns can help investors make the right trading decisions.
| Last Reported | Projected for Next Year | ||
| Total Assets | 1 B | 622.8 M |
Currently Active Assets on Macroaxis
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Check out the analysis of Summit State Correlation against competitors. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Is there potential for Regional Banks market expansion? Will Summit introduce new products? Factors like these will boost the valuation of Summit State. If investors know Summit will grow in the future, the company's valuation will be higher. Understanding fair value requires weighing current performance against future potential. All the valuation information about Summit State listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.333 | Earnings Share (0.21) | Revenue Per Share | Quarterly Revenue Growth 3.276 | Return On Assets |
Summit State Bank's market price often diverges from its book value, the accounting figure shown on Summit's balance sheet. Smart investors calculate Summit State's intrinsic value - its true economic worth - which may differ significantly from both market price and book value. Analysts utilize numerous techniques to assess fundamental value, seeking to purchase shares when trading prices fall beneath estimated intrinsic worth. Since Summit State's trading price responds to investor sentiment, macroeconomic conditions, and market psychology, it can swing far from fundamental value.
Please note, there is a significant difference between Summit State's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit State is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit State's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.