RBNC - Reliant Bancorp EPS beats by $0.28 beats on revenue

Reliant Bancorp (RBNC): Q3 GAAP EPS of $0.69 beats by $0.28.Revenue of $36.54M (+117.2% Y/Y) beats by $5.56M.Net interest income increased on continued core margin improvement; net interest margin declined to 4.54% at September 30, 2020, a 4 basis point decrease when compared to the prior quarter."We continue to see increased demand in the loan pipeline at the end of the third quarter and we expect growth will continue into the fourth quarter. At approximately $3.0 billion in total consolidated assets and with the operating momentum we have, we are optimistic about our position in the market and financial outlook," chairman & CEO DeVan Ard commented.Press Release

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Reliant Bancorp EPS beats by $0.28, beats on revenue