AP NEWS

Summit Financial: 4Q Earnings Snapshot

January 29, 2019

MOOREFIELD, W.Va. (AP) _ Summit Financial Group Inc. (SMMF) on Tuesday reported fourth-quarter net income of $7.5 million.

The Moorefield, West Virginia-based bank said it had earnings of 60 cents per share.

The financial holding company posted revenue of $29.5 million in the period. Its revenue net of interest expense was $22.2 million, topping Street forecasts.

For the year, the company reported profit of $28.1 million, or $2.26 per share. Revenue was reported as $87.2 million.

Summit Financial shares have increased 14 percent since the beginning of the year. The stock has dropped 15 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 SMMF at https://www.zacks.com/ap/SMMF

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