U.S. Markets closed

Summit Financial: 1Q Earnings Snapshot

MOOREFIELD, W.Va. (AP) _ Summit Financial Group Inc. (SMMF) on Thursday reported first-quarter net income of $7.1 million.

The bank, based in Moorefield, West Virginia, said it had earnings of 56 cents per share.

The financial holding company posted revenue of $30.1 million in the period. Its revenue net of interest expense was $22.8 million, falling short of Street forecasts.

Summit Financial shares have risen 34 percent since the beginning of the year. The stock has declined 4.5 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 SMMF at https://www.zacks.com/ap/SMMF