KNOXVILLE, Tenn. (AP) — KNOXVILLE, Tenn. (AP) — SmartFinancial Inc. (SMBK) on Monday reported third-quarter profit of $9.1 million.
The Knoxville, Tennessee-based bank said it had earnings of 54 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The bank holding company posted revenue of $73.1 million in the period. Its revenue net of interest expense was $44.2 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $42.3 million.
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