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Summit Financial: 2Q Earnings Snapshot

MOOREFIELD, W.Va. (AP) _ Summit Financial Group Inc. (SMMF) on Thursday reported second-quarter profit of $6.3 million.

The bank, based in Moorefield, West Virginia, said it had earnings of 51 cents per share.

The financial holding company posted revenue of $27.5 million in the period. Its revenue net of interest expense was $21.4 million, which missed Street forecasts.

Summit Financial shares have decreased nearly 3 percent since the beginning of the year. The stock has climbed 20 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