Summit Financial Group Profit Margin

Summit Financial Group posts a profit margin of 24.95% as of March 2024. That compares with 37.1% in the prior-year period — down 32.8% year over year. That is above the Finance sector average of 17.18%. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Summit Financial Group's profit margin was 37.1%. The latest reading is 24.95% — a 32.8% year-over-year decrease (period ending March 2024). Use the history and growth charts on this page for a longer lookback.

For Finance stocks, a profit margin near 17.18% is typical. Summit Financial Group's 24.95% is higher that level. That is roughly 45.2% above the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

Summit Financial Group's profit margin moves when the underlying profit, equity, or asset base changes. Cost cuts, pricing power, buybacks, write-downs, and cyclical swings can all shift the percentage. The latest reading is 24.95% as of March 2024; use YoY and peer views to separate noise from signal.

Context for SMMF's profit margin usually means three checks: (1) trend versus prior periods, (2) level versus peers (average 17.18%), and (3) consistency with growth and profitability. This page covers the first two; Summit Financial Group's other metric pages and overview cover the third.