SmarFinancial: Q2 Earnings Snapshot
By AP News
Published - Jul 24, 2023, 05:24 PM ET
Last Updated - Jul 24, 2023, 05:24 PM EDT
KNOXVILLE, Tenn. (AP) — KNOXVILLE, Tenn. (AP) — SmartFinancial Inc. (SMBK) on Monday reported second-quarter net income of $8.8 million.
The bank, based in Knoxville, Tennessee, said it had earnings of 52 cents per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.
The bank holding company posted revenue of $59.2 million in the period. Its revenue net of interest expense was $38.7 million, also missing Street forecasts. Three analysts surveyed by Zacks expected $41.3 million.
