Reliant Bancorp, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2017. For the quarter, the company reported total interest income of $10.854 million against $8.948 million a year ago. Net interest income was $8.917 million against $8.043 million a year ago. Net interest income after provision for loan losses was $8.796 million against $7.835 million a year ago. Income before provision for income taxes was $1.907 million against $1.877 million a year ago. Net income attributable to common shareholders was $1.155 million against $1.971 million a year ago. Diluted net income attributable to common shareholders, per share was $0.13 against $0.25 a year ago. Return on average assets was 0.43% against 0.87% a year ago. Return on average stockholders's equity (ROE) was 3.41% against 7.33% a year ago. Adjusted net interest income was $8.776 million against $7.881 million a year ago. Adjusted net income attributable to common shareholders was $2.376 million against $2.113 million a year ago. Adjusted return on average assets was 0.89% against 0.94% a year ago. Adjusted return on average stockholders's equity was 7.02% against 7.86 % a year ago. Adjusted net income attributable to common shareholders, per diluted share was $0.26 against $0.27 a year ago. The increase in total interest income were driven by growth in earning assets, including loans and investment securities offset by a reduction of discount accretion relating to purchase accounting when compared to the fourth quarter of the prior year. The decrease in earnings from the prior quarters was due primarily to a $620,000 charge related to the fourth quarter write-down of deferred tax assets.

For the year, the company reported total interest income of $40.158 million against $36.015 million a year ago. Net interest income was $34.487 million against $32.652 million a year ago. Net interest income after provision for loan losses was $33.171 million against $31.684 million a year ago. Income before provision for income taxes was $8.105 million against $10.110 million a year ago. Net income attributable to common shareholders was $7.246 million against $8.936 million a year ago. Diluted net income attributable to common shareholders, per share was $0.88 against $1.16 a year ago. Adjusted net interest income was $33.628 million against $30.619 million a year ago. Adjusted net income attributable to common shareholders was $8.635 million against $7.652 million a year ago. Adjusted return on average assets was 0.87% against 0.86% a year ago. Adjusted return on average stockholders's equity was 7.33% against 7.34% a year ago. Adjusted net income attributable to common shareholders, per diluted share was $1.05 against $0.99 a year ago.

For the quarter, the company reported net charge offs of $0.012 million.