Reliant Bancorp, Inc. Reports Results for First Quarter 2020
Reliant Bancorp, Inc. (RBNC)
Last reliant bancorp, inc. earnings: 4/27 05:12 pm
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US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/4206855
Company Research
Source: Business Wire
Reported Diluted EPS ($0.02) / Adjusted Diluted EPS of $0.253.61% Net Interest Margin / 15 Basis Points of ExpansionStrong Capital and Liquidity Positions to Weather Adverse Operating EnvironmentsCompleted Acquisition of Community Bank & TrustClosed Acquisition of First Advantage Bancorp on April 1, 2020 BRENTWOOD, Tenn.--(BUSINESS WIRE)--Reliant Bancorp, Inc. (“Reliant Bancorp” or the “Company”) (Nasdaq: RBNC), the parent company for Reliant Bank (“Reliant” or the “Bank”), reported a net loss attributable to common shareholders of $215 thousand, or ($0.02) per diluted common share for the first quarter of 2020 compared to net income available to common shareholders of $3.8 million, or $0.33 per diluted common share, for the first quarter of 2019. First quarter 2020 results included $4.2 million in merger related expenses and an increase in the provision for loan losses to $2.9 million, with $2.0 million of the increase related to risk factors related to the COVID-19 pandemic. Excl
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