Summit Bank Group Reports Record Quarterly Earnings in 3rd Quarter of 2026
Business Wire•21/10/2026•09:00 ET
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Key Highlights
- ➤Q3 net income $4.65 million, up 18.0% year over year
- ➤Year-to-date diluted EPS $1.68, up 29.3% from 2025
- ➤Deposits increased $65.4 million, or 5.7%, year over year
- ➤Net loans increased $52.9 million, or 4.8%, year over year
- ➤Cash and securities reached $199.6 million, or 14.5% of assets
Expert Statements
Craig Wanichek, President and CEO of Summit Bank Group
“We are pleased to report another positive quarter of financial results”
Craig Wanichek, President and CEO of Summit Bank Group
“Our business focused model has resulted in 11 consecutive quarters of trailing 12-month increases in earnings.”
Craig Wanichek, President and CEO of Summit Bank Group
“Solid loan growth from new and current clients combined with improvement in deposit mix and growth in demand deposits resulted in a record quarter”
Craig Wanichek, President and CEO of Summit Bank Group
“The Bank experienced nearly twice the non-scheduled loan pay-off activity so far this year as compared to 2025”
Craig Wanichek, President and CEO of Summit Bank Group
“We are very comfortable with increased loan growth given our current very healthy capital and liquidity position.”
Craig Wanichek, President and CEO of Summit Bank Group
“We are pleased with the solid loan production during the third quarter, particularly in an environment marked by loan payoff activity. Despite elevated payoffs, our bankers continue to generate strong new business opportunities, reflecting healthy demand and the strength of our client relationships.”
Summit Bank Group Reports Record Quarterly Earnings in 3(rd) Quarter of 2026
* Q3 2026 Net Income – $4.65 million or $0.58 per fully diluted share, an increase of 16.5 percent over Q3 2025.
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