Franklin Financial Network: 3Q Earnings Snapshot
FRANKLIN, Tenn. (AP) _ Franklin Financial Network Inc. (FSB) on Wednesday reported third-quarter net income of $11.3 million.
The Franklin, Tennessee-based bank said it had earnings of 75 cents per share. Earnings, adjusted for non-recurring gains, came to 72 cents per share.
The bank holding company posted revenue of $51.3 million in the period. Its revenue net of interest expense was $33.1 million, beating Street forecasts.
Franklin Financial Network shares have risen 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $31.03, a fall of 14% in the last 12 months.