FRANKLIN, Tenn. (AP) _ Franklin Financial Network Inc. (FSB) on Monday reported second-quarter earnings of $10.2 million.
The bank, based in Franklin, Tennessee, said it had earnings of 66 cents per share. Earnings, adjusted for non-recurring costs, were 70 cents per share.
The bank holding company posted revenue of $50.4 million in the period. Its revenue net of interest expense was $40.1 million, which beat Street forecasts.
Franklin Financial Network shares have fallen 25% since the beginning of the year. In the final minutes of trading on Monday, shares hit $25.73, a decline of roughly 9% in the last 12 months.