Reliant Bancorp, Inc. (NASDAQ:RBNC) is expected to report third quarter earnings results, after market close, on Thursday 22nd October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.46 per share.
Looking ahead, the full year income are expected at $ 1.64 per share on the revenues of $ 118.13 million.
Previous Quarter Performance
Reliant Bancorp, Inc. disclosed income for the second quarter of $ 0.60 per share, from the revenue of $ 34.38 million. The quarterly earnings developed 66.67 percent while revenues expanded 106.36 percent compared with the same quarter last year.
According to street consensus, RBNC was expected to report 2Q20 income of $ 0.28 per share from revenue of $ 28.56 million. The bottom line results beat street analysts by $ 0.32 or 114.29 percent, at the same time, top line results outshined analysts by $ 5.82 million or 20.38 percent.
Stock Performance
Shares of Reliant Bancorp, Inc. traded up $ 0.66 or 4.35 percent on Wednesday, reaching $ 15.84 with volume of 26.20 thousand shares. Reliant Bancorp, Inc. has traded high as $ 15.93 and has cracked $ 15.03 on the downward trend
The closing price of $ 15.84, representing a 60.63 % increase from the 52 week low of $ 9.45 and a 35.16 % decrease over the 52 week high of $ 23.41.
The company has a market capital of $ 257.31 million and is part of the Financial Services sector and Banks – Regional – US industry.
Conference Call
Reliant Bancorp, Inc. will be hosting a conference call at 10:00 AM eastern time on 23rd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.reliantbank.com
Reliant Bancorp, Inc. operates as a financial holding company for Reliant Bank that provides a range of commercial banking services for businesses and individuals in the Middle Tennessee region and the Nashville-Davidson-Murfreesboro-Franklin Metropolitan Statistical Area. It operates in two segments, Retail Banking and Residential Mortgage Banking.
