SmarFinancial: Q1 Earnings Snapshot

April 25, 2022 GMT

KNOXVILLE, Tenn. (AP) _ SmartFinancial Inc. (SMBK) on Monday reported first-quarter earnings of $8.3 million.

The Knoxville, Tennessee-based bank said it had earnings of 49 cents per share. Earnings, adjusted for one-time gains and costs, were 51 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 51 cents per share.

The bank holding company posted revenue of $40 million in the period. Its revenue net of interest expense was $37.2 million, which topped Street forecasts. Three analysts surveyed by Zacks expected $37.1 million.


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