Reliant Bancorp, Inc. (RBNC) Reports In-Line Q1 EPS

Reliant Bancorp, Inc. (NASDAQ: RBNC) reported Q1 EPS of $0.33, in-line with the analyst estimate of $0.33.

• Reported Diluted EPS of $0.33
• 10.1% Annualized Organic Loan Growth
• NIM of 3.63% / ROAA of 0.88%
• 18.6% Annualized Increase in TBVPS / 9.7% ROATCE

“We are pleased to report strong first quarter earnings for our company, driven by robust loan growth and superior credit results,” stated DeVan Ard, Jr., Chairman, President and CEO. “Loans increased 2.5% during the quarter, or 10.1% annualized, with $116 million in new loan production. Loan demand has been strong in all of our core markets, and we are especially pleased to see a significant contribution from our new office in Chattanooga.”

For earnings history and earnings-related data on Reliant Bancorp, Inc. (RBNC) click here.

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