Summit Financial: 2Q Earnings Snapshot
MOOREFIELD, W.Va. (AP) _ Summit Financial Group Inc. (SMMF) on Thursday reported second-quarter profit of $8.6 million.
The Moorefield, West Virginia-based bank said it had earnings of 68 cents per share.
The financial holding company posted revenue of $33.7 million in the period. Its revenue net of interest expense was $26.1 million, which topped Street forecasts.
Summit Financial shares have increased 34% since the beginning of the year. The stock has dropped slightly more than 3% in the last 12 months.