Reliant Bancorp: 4Q Earnings Snapshot
Reliant Bancorp: 4Q Earnings Snapshot
BRENTWOOD, Tenn. (AP) _ Reliant Bancorp Inc. (RBNC) on Wednesday reported fourth-quarter net income of $4.1 million.
The Brentwood, Tennessee-based bank said it had earnings of 36 cents per share. Earnings, adjusted for non-recurring gains, were 35 cents per share.
The bank holding company posted revenue of $20.1 million in the period. Its revenue net of interest expense was $15 million, falling short of Street forecasts.
For the year, the company reported profit of $14.1 million, or $1.23 per share. Revenue was reported as $63.5 million.
Reliant Bancorp shares have declined almost 8 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.29, a decline of 17 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 RBNC at https://www.zacks.com/ap/RBNC