AMERICAN FORK, Utah (AP) _ Altabancorp (ALTA) on Wednesday reported second-quarter net income of $12.7 million.

The bank, based in American Fork, Utah, said it had earnings of 67 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

The bank holding company posted revenue of $32.1 million in the period. Its revenue net of interest expense was $30.6 million, which also beat Street forecasts. Three analysts surveyed by Zacks expected $30.3 million.

Altabancorp shares have risen 46% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $40.71, a rise of 99% 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 ALTA at https://www.zacks.com/ap/ALTA

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