SmartFinancial (SMBK) Tops Q3 EPS by 6c
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SmartFinancial Announces Record Earnings with Third Quarter 2018 Net Income of $4.3 million
October 23, 2018 5:30 PM EDTNet operating earnings (Non-GAAP) of $5.0 million for the quarter
Performance Highlights
Return on average assets of 0.85 percent and net operating return on average assets (non-GAAP) of 0.98 percent.Yield on earning assets, taxable equivalent, of 5.03 percent, an increase of 0.33 percentage points from a year ago.Noninterest expense to average assets of 2.90 percent, a decrease of 0.44 percentage points from a year ago.Completed subordinated debt offering of $40 million during the quarter.... More