KNOXVILLE, Tenn. (AP) — KNOXVILLE, Tenn. (AP) — SmartFinancial Inc. (SMBK) on Monday reported second-quarter net income of $16.3 million.
The Knoxville, Tennessee-based bank said it had earnings of 96 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The bank holding company posted revenue of $85.9 million in the period. Its revenue net of interest expense was $56 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $55.7 million.
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