Summit Financial Group, Inc.

SMMFNASDAQFinancial Services

$25.70

$-0.66(-2.50%)

Market Cap$377448190

P/E Ratio—

52W High$31.49

52W Low$17.06

Avg Volume26K

Open$26.40

Beta0.40

Net Income Financials Revenue

Summit Financial Group, Inc. (SMMF) Net Income & Profit History

Annual & trailing net income, net margin, YoY change, and peer profitability context.

SMMF · net income · updated Jun 9, 2026

Core profitability metrics

SMMF · net income · margin · TTM · CAGR

Net income was $55.2M for FY2023 (fiscal year ending 2023-12-31), up 3.8% year-over-year. Net profit margin was 21.0%. Based on available data, Summit Financial Group, Inc. has been profitable since at least 2011.

FY2023 Net Income$55.2M▲ +3.8% YoY

Trailing 12M (TTM)$58.2Mtrailing 4 quarters sum

Net Profit Margin21.0%$55.2M ÷ $263.3M

YoY Change+3.8%—

5-Year CAGR+14.5%FY2020 → FY2023

FormulaNet Margin = Net Income ÷ Revenue × 100TTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /income-statement · US GAAP · USDUpdated: Jun 9, 2026

Annual net income history

Net Income (bars) · Net Profit Margin % (line)

Net IncomeNet LossNet Margin %★ First Profit: 2011

▸ FMP /income-statement · Annual · SMMF net income history · SMMF profit margin

Annual net income data

SMMF · net income history · annual / quarterly

Fiscal YearNet IncomeYoY ChangeNet MarginRevenue

FY2023$55.2M▲ +3.8%21.0%$263.3M

FY2022$53.2M▲ +16.3%36.9%$144.2M

FY2021$45.7M▲ +46.0%35.9%$127.5M

FY2020$31.3M▼ 1.7%27.6%$113.3M

FY2019$31.9M▲ +13.5%33.7%$94.5M

Net income vs peers (Financial Services)

SMMF vs peers · net income

#CompanyNet IncomeYoYNet MarginRelative

Summit Financial Group, Inc.YOU

SMMF

$55.2M+3.8%21.0%

Berkshire Hathaway Inc.

BRK-B

$66.97B-24.8%18.0%

100%

Berkshire Hathaway Inc.

Mastercard Incorporated

$14.97B+16.3%45.6%

22%

Financial Services · Sorted by Net Income · FMP /income-statementFull Net Income Rankings →

About Net Income & Methodology

Summit Financial Group, Inc. (SMMF) reported net income of $55.2M for FY2023 (fiscal year ending 2023-12-31), up 3.8% year-over-year. The net profit margin was 21.0% — meaning the company kept $0.21 of every dollar of revenue as profit.

Based on available data, Summit Financial Group, Inc. has been profitable since at least 2011. Net income reached a peak of $55.2M in FY2023. Data available for 15 fiscal years.

Summit Financial Group, Inc.'s net profit margin was 21.0% for FY2023, based on the latest annual results.

Investors sometimes search for "Summit Financial Group, Inc. net worth" — the company's market capitalization is a separate figure from SMMF net income. Data sourced from FMP /income-statement · US GAAP · USD.

Figures tie to SEC 10-K/10-Q and FMP /income-statement where noted.

Revenue Financial statements Earnings Forecast Price history Market cap Free cash flow

Frequently asked questions

SMMF net income · 5 questions

Summit Financial Group, Inc. is profitable. The company reported net income of $55.2M for FY2023, a net profit margin of 21.0%. Net income was up 3.8% year-over-year. Based on available data, Summit Financial Group, Inc. has been profitable since at least 2011.

is SMMF profitabledoes SMMF make a profitSMMF profitabilitySMMF profitable company

▸ Source: FMP /income-statement · GAAP · Summit Financial Group, Inc. · Summit Financial Group, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 9, 2026