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Franklin Financial Network posts 1Q profit

FRANKLIN, Tenn. (AP) _ Franklin Financial Network Inc. (FSB) on Wednesday reported first-quarter earnings of $7.9 million.

The Franklin, Tennessee-based bank said it had earnings of 58 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The bank holding company posted revenue of $34.5 million in the period. Its adjusted revenue was $27.7 million.

Franklin Financial Network shares have decreased 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.50, a climb of 38 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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Keywords: Franklin Financial Network, Earnings Report