SmartFinancial Posts 3Q EPS of $1.10
SMBK sits 48% above its 52-week low of $34.21.
Summary
SmartFinancial reported third-quarter EPS of $1.10 and net income of $18.6 million. That follows a strong second quarter, when net income rose 39% to $16.3 million on expanding margins and robust loan growth, so the print extends an improving earnings trend for the bank. The quarter also brought net interest income of $49.4 million and noninterest income of $8.1 million. No margin, credit-cost, or comparison to consensus is included, so the size of any beat or miss is not yet clear.
At the time of this announcement, SMBK was trading at $50.51 on NYSE in the Finance sector, with a market capitalization of approximately $863.6M. The 52-week trading range was $34.21 to $54.14. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.