Newz(FCCO) on Wednesday reported third-quarter net income of $8 million. The Lexington, South Carolina-based bank said it had earnings of 85 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 86 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 80 cents per share. The holding company for First Community Bank posted revenue of $36 million in the period.
Its revenue net of interest expense was $26.2 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $25.9 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research.
Access a Zacks stock report on FCCO at https://www.zacks.com/ap/FCCO Source (HTB) on Wednesday reported third-quarter profit of $18 million. The bank, based in Asheville, North Carolina, said it had earnings of $1.11 per share.
The holding company for HomeTrust Bank posted revenue of $72 million in the period. Its revenue net of interest expense was $56 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $54.3 million.
Access a Zacks stock report on HTB at https://www.zacks.com/ap/HTB Source (AP) — Community Trust Bancorp Inc. (CTBI) on Wednesday reported third-quarter earnings of $25.9 million.
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