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Summit Financial: Q1 Earnings Snapshot

By AP News
Published

MOOREFIELD, W.Va. (AP) — MOOREFIELD, W.Va. (AP) — Summit Financial Group Inc. (SMMF) on Thursday reported net income of $17 million in its first quarter.

The Moorefield, West Virginia-based bank said it had earnings of $1.14 per share.

The financial holding company posted revenue of $70.6 million in the period. Its revenue net of interest expense was $45 million, exceeding Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMMF at https://www.zacks.com/ap/SMMF

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