secwatch.observer — SEC 8-K summary
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Issuer:     SUMMIT FINANCIAL GROUP, INC. (—)
CIK:        0000811808
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001437749-24-013177
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811808/000143774924013177/0001437749-24-013177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811808/000143774924013177/smmf20240417_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer