SmarFinancial: 2Q Earnings Snapshot
KNOXVILLE, Tenn. (AP) _ SmartFinancial Inc. (SMBK) on Tuesday reported second-quarter earnings of $3.9 million.
The bank, based in Knoxville, Tennessee, said it had earnings of 32 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 39 cents per share.
The bank holding company posted revenue of $24.6 million in the period. Its revenue net of interest expense was $21.1 million, exceeding Street forecasts.
SmarFinancial shares have climbed 16 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $25.18, a climb of 8.5 percent in the last 12 months.