AP NEWS

SmarFinancial: 4Q Earnings Snapshot

January 24, 2019

KNOXVILLE, Tenn. (AP) _ SmartFinancial Inc. (SMBK) on Wednesday reported net income of $6.4 million in its fourth quarter.

The Knoxville, Tennessee-based bank said it had earnings of 47 cents per share.

The bank holding company posted revenue of $28.5 million in the period. Its revenue net of interest expense was $23.1 million, exceeding Street forecasts.

For the year, the company reported profit of $18.1 million, or $1.43 per share. Revenue was reported as $83.2 million.

SmarFinancial shares have climbed almost 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $18.40, a fall of 17 percent in the last 12 months.

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

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