Summit State Bank Common Stock (SSBI)

FairStock Score: 53/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business: Summit State Bank is a 103-employee community bank concentrated in Sonoma County, California. That can be a decent niche, but I see no evidence of a durable moat. At the 2026-10-13 close of $12.14, FairStock calculates a P/B of 0.81, so the market values the bank below stated book value. That is the main attraction. But FairStock also calculates a P/E of 36.79 and an ROE of only 2.26%, which tells me the assets are not earning much. In the first quarter of 2026, revenue was $10.1 million and net income was $1.7 million, a 16.64% margin. That is positive, but small. The supplied trend shows revenue under pressure and profit rebounding from a low base. A Piotroski F-Score of 6/9 is respectable, and a beta of 0.35 suggests the shares have been less volatile. Still, a bank with sub-3% ROE does not deserve a premium unless credit is clean and earnings normalize. The critical missing measures are CET1 capital, net interest margin, nonperforming loans, charge-offs, reserves, and deposit costs; combined ratio is not provided and is not relevant to a bank. FairStock's 53/100 score and no Lynch category—because only zero years of filed results are available and three are needed—reinforce that this is a show-me situation. At 0.81 times book, the price already discounts trouble. The question is whether it discounts too much or merely reflects poor profitability.

In plain English: Summit State Bank is a small California community bank serving people and businesses in Sonoma County. It is only modestly profitable, revenue has been shrinking, and earnings are recovering from a low base. The stock trades below the value of its net assets on the books, but the weak profit picture makes that discount understandable rather than a clear bargain.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer