KNOXVILLE, Tenn. (AP) _ SmartFinancial Inc. (SMBK) on Monday reported fourth-quarter profit of $6.7 million.

The bank, based in Knoxville, Tennessee, said it had earnings of 40 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 52 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The bank holding company posted revenue of $39.6 million in the period. Its revenue net of interest expense was $36.7 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $36.5 million.

For the year, the company reported profit of $34.8 million, or $2.22 per share. Revenue was reported as $137.3 million.

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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