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Summit Financial: 3Q Earnings Snapshot

MOOREFIELD, W.Va. (AP) _ Summit Financial Group Inc. (SMMF) on Thursday reported third-quarter profit of $6.9 million.

The Moorefield, West Virginia-based bank said it had earnings of 55 cents per share.

The financial holding company posted revenue of $28 million in the period. Its revenue net of interest expense was $21.4 million, missing Street forecasts.

Summit Financial shares have decreased 21 percent since the beginning of the year. The stock has dropped 22 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