Summit Bank Group Posts $0.58 Q3 EPS as Net Income Rises 18%

Summit Bank Group posted third-quarter net income of $4.652 million and fully diluted earnings per share of $0.58 for the three months ended Sept. 30, 2026. Net income rose about 18% from $3.941 million a year earlier, while earnings per share increased from $0.50.

Net interest income was $15.690 million, up 7.6% from $14.583 million in the year-earlier quarter. Noninterest income was $611,000, bringing the two categories to a combined $16.301 million. The provision for loan losses fell to $1.108 million from $1.851 million.

For the nine months ended Sept. 30, net interest income was $45.307 million and noninterest income was $2.200 million. Together, those categories totaled $47.507 million.

“We are pleased to report another positive quarter of financial results,” said Craig Wanichek, president and CEO.

Summit Bank Group (OTCID: SBKO) is the holding company for Summit Bank, which operates in Eugene, Central Oregon and Portland and focuses on professionals, medium-sized businesses and their owners. The company released the results Oct. 21 at 9 a.m. ET (13:00 UTC).