SmarFinancial: 2Q Earnings Snapshot
KNOXVILLE, Tenn. (AP) _ SmartFinancial Inc. (SMBK) on Wednesday reported second-quarter net income of $9.1 million.
The Knoxville, Tennessee-based bank said it had earnings of 65 cents per share. Earnings, adjusted for one-time gains and costs, were 40 cents per share.
The bank holding company posted revenue of $35.7 million in the period. Its revenue net of interest expense was $29.2 million, beating Street forecasts.
SmarFinancial shares have increased 23% since the beginning of the year. The stock has decreased 11% in the last 12 months.