Summit State Bank (Nasdaq:SSBI) provides various banking products and services for individuals and businesses, focusing primarily on Sonoma County, California. With five branches and nearly USD 1 billion in total assets, the bank continues to support the local community.
Comps: Foresight Financial Group, Inc. (OTCMKTS:FGFH), Union Bankshares, Inc. (Nasdaq:UNB)
When comparing to other regional banks, Summit State Bank stands out with a low price-to-earnings ratio of 5.5 and a high profit margin of 36%, indicating strong financial performance. Despite not having the same level of revenue as some of its peers, the bank’s return-on-equity and net income are impressive. Furthermore, it offers a 3.4% yield, making it an attractive investment opportunity for those seeking a niche bank with strong fundamentals.