Summit Bank Group Reports Record Earnings for 4th Quarter 2025

EUGENE, Ore.–(BUSINESS WIRE)–Summit Bank Group (OTCID: SBKO):

• Q4 2025 Net Income – $4.18 million or $0.53 per fully diluted share, an increase of 38.6 percent over Q4 2024.
• 2025 Year to Date Net Income – $14.37 million or $1.83 per fully diluted share, an increase of 26.3 percent over similar period in 2024.
• Cash and Securities total $147.0 million – 11.5 percent of assets decreased from 13.1% from the previous quarter.
• Year over year Net Loan Growth – $59.8 million or 5.7 percent.
• Fiscal year Net Interest Income increased $5.3 million or 10.3 percent over 2024.
• Named to the Oregon Business Magazine’s “100 Best Companies to Work For” list for the fifth consecutive year, reflecting the bank’s continued investment in culture, talent and long-term performance.

Summit Bank Group reported net income for the fourth quarter of $4.18 million or 53 cents per fully diluted share, which was the highest ever single quarter earnings per share for the Company, outperforming the previous quarter’s result of 50 cents per share, which was also a best ever result for the Company. Comparable earnings for fourth quarter of 2024 were $3.01 million or 39 cents per fully diluted share, representing an increase of 38.6 percent to earnings per fully diluted share. Continued increases to net interest income combined with lower provision for loan losses for both the fourth quarter and the fiscal year were the primary drivers of the robust earnings growth.

“The improving net interest income was the result of increased core deposits coupled with a reduction of certificate of deposit balances,” said Craig Wanichek, president and CEO. “The lower loan provision expense was the product of improvement in our trucking segment and the Bank’s loan portfolio metrics remaining strong.” The strong interest income performance included a modest non-recurring charge related to a legacy system adjustment.

The Bank continues to achieve accretive growth in its loan and deposit portfolios with $59.8 million in net new loans added over the last twelve months. Total deposit growth during the same period was lower by comparison at $8.0 million, however deposit mix has been substantially improved with a $70.2 million reduction in certificates of deposit, while demand and money market deposit totals increased by $78.2 million or 7.6 percent.

“We were excited to add foundational-type relationships in all of our markets throughout the year,” said Wanichek, “and are seeing substantial growth in professional firms, new and existing locally owned businesses and non-profits. Overall, Summit Banking Group’s fourth quarter results reflect continued strength in both loan and deposit demand, reflecting the confidence our clients place in Summit Bank and the resilience of the Oregon markets we serve. As we look ahead with cautious optimism, we are focused on delivering responsive, relationship-driven banking that supports sustainable growth.”

The Bank continues to maintain ample liquidity with cash and Available for Sale (AFS) short-term securities totaling $147.0 million, which represented 11.5 percent of total assets as of December 31, 2025, compared to $169.5 million or 13.1 percent of total assets as of September 30, 2025. The modest decline from third quarter is consistent with the typical seasonal patterns of our clients. The Bank maintains secured borrowing commitments from the Federal Home Loan Bank and the Federal Reserve Bank with total available borrowing capacity as of December 31, 2025, of $337 million, or 26.4 percent of total assets. Combined, the Bank’s cash and available secured borrowing as of December 31, 2025 totaled $457 million. This total increased during the fiscal year from $438 million as of December 31, 2024. The December 31, 2025 total is equal to 35.7 percent of total assets and 123 percent of total estimated uninsured deposits.

Return on average equity for the fourth quarter was the fourth consecutive quarter in excess of 13.0 percent at 13.6 percent. Full year return on equity was a three-year best at 12.3 percent. Total shareholders’ equity ended the fourth quarter at $124.7 million, an increase of $15.9 million or 14.7 percent since December 31, 2024. As the Company continues its 22^nd year of operations, capital levels remain very strong, supporting consistent asset growth with similarly strong retained earnings which have totaled $59.0 million over the last five years.

Total non-performing assets declined during the fourth quarter to 0.31 percent of total assets from 0.37 percent as of the previous quarter end.

Summit Bank Group Inc., through its wholly owned subsidiary Summit Bank, maintains offices in Eugene, Central Oregon, and Portland, specializing in providing high-level service to professionals and medium-sized businesses and their owners. The Bank was voted for the fifth year in a row as one of Oregon’s “Top 100 Companies to Work For,” according to Oregon Business Magazine. In 2023, 2024 and 2025, Summit Bank was honored as “Favorite Bank” in the Eugene Register-Guard’s annual Reader’s Choice Awards and “Best Bank” by Central Oregon’s Bend Bulletin. Summit Bank Group Inc. is quoted on the OTCID under the symbol SBKO. It was named in January as a Top 10 Place to Work for Working Parents, according to the Eugene Area Chamber of Commerce.

Contacts

Craig Wanichek, President & Chief Executive Officer, 541-684-7500