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Summit Financial: 2Q Earnings Snapshot

July 25, 2019

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMMF at https://www.zacks.com/ap/SMMF

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