SmarFinancial: 4Q Earnings Snapshot
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.