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SmarFinancial: 2Q Earnings Snapshot

July 25, 2019

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.

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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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