Summit Financial Group Revenue, Growth & Competitor Profile

Company Profile & Annual Report for Summit Financial Group

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Summit Financial Group Fast Facts

Revenue	$100 - $500 million    See Exact Annual Revenue
Employees	100 - 500Exact Company Size
Primary Industry	551111 Offices of Bank Holding Companies
Additional NAICS Codes	52211 Commercial Banking
Address	300 North Main Street Moorefield, WV 26836

Note: Revenues for privately held companies are statistical evaluations.


Summit Financial Group's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Summit Financial Group's annual revenues are $100 - $500 million (see exact revenue data)
• What industry is the company in?
  • Summit Financial Group is classified as operating in the Offices of Bank Holding Companies industry, NAICS Code 551111.

Summit Financial Group Annual Revenue and Growth Rate

Summit Financial Group	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$100 - $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Summit Financial Group's revenues are gauged from an analysis of company filings.

Summit Financial Group's Income Statement (based on Industry Averages)

Summit Financial Group P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

Trademark Applications

Trademark applications show the products and services that Summit Financial Group is developing and marketing. Summit Financial Group doesn't have any recent trademark applications, indicating Summit Financial Group is focusing on its existing business rather than expanding into new products and markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
LOYALTY CHECKING Banking services, namely, checking account services	01/14/2004
FOREVER FREE CHECKING Banking services, namely checking account services	01/12/2004
FIRST NATIONAL BANK OF STRASBURG banking services	04/18/2003

See all trademarks and details in the Full Report.

Market Share of Summit Financial Group's Largest Competitors

A competitive analysis shows these companies are in the same general field as Summit Financial Group, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
BANK OF AMERICA	Charlotte, NC	100
WELLS FARGO	San Francisco, CA	94
TD BANK US HOLDING	Falmouth, ME	18
STATE STREET	Quincy, MA	9
MIDFIRST BANK	Oklahoma City, OK	5
DEUTSCHE BANK TRUST CO AMERICAS	New York, NY	4
SYNOVUS FINANCIAL	Columbus, GA	3
WOODFOREST FINANCIAL GROUP	The Woodlands, TX	3
FIRSTBANK HOLDING	Lakewood, CO	2

Nearby Competitors

These companies are similar in business line and location to Summit Financial Group. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
SUMMIT FINANCIAL GROUP	Moorefield, WV	100
HIGHLANDS BANKSHARES	Petersburg, WV	23

Future Competition: Summit Financial Group's Fastest Growing Competitors

These companies are in the same general field as Summit Financial Group and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)