SmarFinancial: Q2 Earnings Snapshot
KNOXVILLE, Tenn. (AP) _ SmartFinancial Inc. (SMBK) on Monday reported second-quarter profit of $10.2 million.
The Knoxville, Tennessee-based bank said it had earnings of 61 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The bank holding company posted revenue of $43.5 million in the period. Its revenue net of interest expense was $40.3 million, also falling short of Street forecasts.