Franklin Financial Network: 4Q Earnings Snapshot
FRANKLIN, Tenn. (AP) _ Franklin Financial Network Inc. (FSB) on Wednesday reported fourth-quarter earnings of $3.7 million.
The Franklin, Tennessee-based bank said it had earnings of 25 cents per share. Earnings, adjusted for non-recurring costs, came to 61 cents per share.
The bank holding company posted revenue of $45.7 million in the period. Its revenue net of interest expense was $26.5 million, which did not meet Street forecasts.
For the year, the company reported profit of $34.5 million, or $2.34 per share. Revenue was reported as $116.2 million.
Franklin Financial Network shares have increased 5.5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $27.81, a drop of 26 percent in the last 12 months.