FRANKLIN, Tenn. (AP) _ Franklin Financial Network Inc. (FSB) on Tuesday reported fourth-quarter net income of $9.7 million.
The Franklin, Tennessee-based bank said it had earnings of 64 cents per share. Earnings, adjusted for non-recurring costs, came to 68 cents per share.
The bank holding company posted revenue of $47.9 million in the period. Its revenue net of interest expense was $32.9 million, surpassing Street forecasts.
For the year, the company reported profit of $29.1 million, or $1.93 per share. Revenue was reported as $129.1 million.
Franklin Financial Network shares have dropped nearly 1% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $34.11, a rise of 20% in the last 12 months.