Reliant Bancorp posts 4Q profit

Markets Associated Press

Reliant Bancorp Inc. (RBNC) on Thursday reported fourth-quarter profit of $1.2 million.

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The Brentwood, Tennessee-based bank said it had earnings of 13 cents per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share.

The bank holding company posted revenue of $12.4 million in the period. Its adjusted revenue was $10.5 million.

For the year, the company reported profit of $7.2 million, or 88 cents per share. Revenue was reported as $40.5 million.

Reliant Bancorp shares have fallen 0.5 percent since the beginning of the year. The stock has risen 17 percent in the last 12 months.

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Elements of this story were generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on RBNC at https://www.zacks.com/ap/RBNC

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This story has been corrected to show that the company has renamed itself as Reliant Bancorp Inc. from Commerce Union Bancshares Inc.