Summit Financial: 3Q Earnings Snapshot
Summit Financial: 3Q Earnings Snapshot
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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.
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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
