---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-013177"
form_type: "8-K"
ticker: null
cik: "0000811808"
company_name: "SUMMIT FINANCIAL GROUP, INC."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:53:11.635598+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Summit Financial Q1 EPS $1.14 up from $1.08 YoY; merger closing May 3

## Summary
- Diluted EPS $1.14 vs $1.11 Q4'23 and $1.08 Q1'23; net income $16.8M.
- Net interest margin 3.75% vs 3.76% linked quarter; loans up 0.4% from year-end.
- No provision for credit losses; NPAs rose to $25.1M (0.54% of assets) from $16.2M.
- Tangible book value per share rose $1.02 to $24.91.
- All regulatory approvals received for Burke & Herbert merger; expected close May 3, 2024.

## SEC filing metadata
- accession: 0001437749-24-013177
- form_type: 8-K
- cik: 0000811808
- company_name: SUMMIT FINANCIAL GROUP, INC.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811808/000143774924013177/0001437749-24-013177-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811808/000143774924013177/smmf20240417_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-013177
- JSON: https://secwatch.observer/filing/0001437749-24-013177.json
- Plain text: https://secwatch.observer/filing/0001437749-24-013177.txt

## Key facts
- Earnings Releases
  SUMMIT FINANCIAL GROUP, INC. reported first quarter of 2024 results: revenue $39.9 million, net income $16.8 million, EPS $1.14 per diluted share.
  - Period: first quarter of 2024
  - Revenue: $39.9 million
  - Net income: $16.8 million
  - EPS: $1.14 per diluted share
  - Result: reported results
  source text: efficiency ratio was 48.29 percent compared to 47.33 percent in the linked quarter, indicating optimized use of resources. Results from Operations Net interest income totaled $39.9 million in the first quarter of 2024, an increase of 16.8 percent from the prior-year first quarter, and a decrease of 2.1 percent from the linked quarter. NIM for the first quarter 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/811808/000143774924013177/0001437749-24-013177-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.