Brief: Summit Financial Group Reports 37% Increase In Q3 2020 EPS Versus Q2 2020

Summit Financial

22/10/2020 11:10

Oct 22 (Reuters) - Summit Financial Group Inc  SMMF.O :
    * SUMMIT FINANCIAL GROUP REPORTS 37% INCREASE IN Q3 2020 EPS
VERSUS Q2 2020
    * Q3 EARNINGS PER SHARE $0.74
    * QUARTERLY TOTAL REVENUE, CONSISTING OF NET INTEREST INCOME
AND
NONINTEREST INCOME, INCREASED 33.6% TO $31.0 MILLION
    * QUARTERLY NET INTEREST INCOME $24.8 MILLION, INCREASE OF
27.5%
FROM $19.4 MILLION
    * FOR Q3 OF 2020, NET INTEREST INCOME WAS $24.8 MILLION, AN
INCREASE OF 27.5 PERCENT
    * RECORDED A $3.25 MILLION PROVISION FOR CREDIT LOSSES
DURING Q3
2020 COMPARED TO $3.0 MILLION FOR LINKED QUARTER

Source text for Eikon:  ID:nGNX2wMjK 
Further company coverage:  SMMF.O 

 ((Reuters.Briefs@thomsonreuters.com;))