FRANKLIN, Tenn. (AP) _ Franklin Financial Network Inc. (FSB) on Monday reported a first-quarter loss of $1.1 million, after reporting a profit in the same period a year earlier.

The Franklin, Tennessee-based bank said it had a loss of 8 cents per share. Losses, adjusted for non-recurring costs, were 4 cents per share.

The bank holding company posted revenue of $47.5 million in the period. Its revenue net of interest expense was $33.4 million, which topped Street forecasts.

Franklin Financial Network shares have decreased 34% since the beginning of the year. In the final minutes of trading on Monday, shares hit $22.69, a drop of 20% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSB at https://www.zacks.com/ap/FSB

Automated Insights, source Associated Press News