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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