KNOXVILLE, Tenn. (AP) _ SmartFinancial Inc. (SMBK) on Tuesday reported third-quarter earnings of $6.4 million.

The bank, based in Knoxville, Tennessee, said it had earnings of 42 cents per share. Earnings, adjusted for non-recurring costs, were 44 cents per share.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 40 cents per share.

The bank holding company posted revenue of $34 million in the period. Its revenue net of interest expense was $30.2 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $29.2 million.

SmarFinancial shares have declined 40% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $14.26, a decrease of 30% in the last 12 months.

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

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