AP NEWS

Franklin Financial Network: 4Q Earnings Snapshot

January 23, 2019

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.

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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 FSB at https://www.zacks.com/ap/FSB

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