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SmarFinancial posts 1Q profit

KNOXVILLE, Tenn. (AP) _ SmartFinancial Inc. (SMBK) on Tuesday reported first-quarter earnings of $1.6 million.

The bank, based in Knoxville, Tennessee, said it had earnings of 19 cents per share.

The bank holding company posted revenue of $11.9 million in the period. Its adjusted revenue was $10.7 million.

SmarFinancial shares have risen 20 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $22.31, an increase of 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMBK at https://www.zacks.com/ap/SMBK


Keywords: SmarFinancial, Earnings Report