Earnings summaries and quarterly performance for SMARTFINANCIAL.
Executive leadership at SMARTFINANCIAL.
Board of directors at SMARTFINANCIAL.
Cathy G. Ackermann
Detailed
Director
David A. Ogle
Detailed
Lead Independent Director
Geoffrey A. Wolpert
Detailed
Director
Keith E. Whaley, O.D.
Detailed
Director
Kelli D. Shomaker
Detailed
Director
Steven B. Tucker
Detailed
Director
Victor L. Barrett
Detailed
Director
Wesley M. (“Miller”) Welborn
Detailed
Chairman of the Board
William (“Bill”) Y. Carroll, Sr.
Detailed
Vice Chairman of the Board
Research analysts who have asked questions during SMARTFINANCIAL earnings calls.
Stephen Scouten
Piper Sandler & Co.
6 questions for SMBK
Also covers: ABCB, AMTB, AUB +24 more
Catherine Mealor
Keefe, Bruyette & Woods
5 questions for SMBK
Also covers: ABCB, AUB, CADE +21 more
Russell Gunther
Stephens Inc.
5 questions for SMBK
Also covers: ABCB, AMTB, AUB +10 more
Brett Rabatin
Hovde Group, LLC
4 questions for SMBK
Also covers: BOKF, BPOP, CADE +19 more
Christopher Marinac
Janney Montgomery Scott LLC
4 questions for SMBK
Also covers: ABCB, BFST, BKU +24 more
Steve Moss
Raymond James
3 questions for SMBK
Also covers: AUB, BRKL, BWFG +11 more
Stephen Moss
Raymond James Financial, Inc.
2 questions for SMBK
Also covers: AUB, BRKL, CAC +12 more
Nick Lawrence
Stephens Inc.
1 question for SMBK
Thomas Reid
Raymond James
1 question for SMBK
Also covers: DCOM, FFIC, PFS
William Jones
Truist Securities
1 question for SMBK
Also covers: ABCB, AMTB, CRH +6 more
Recent press releases and 8-K filings for SMBK.
SMBK Reports Q3 2025 Results with Strong Deposit Growth and Positive 2026 Margin Outlook
SMBK
Earnings
Guidance Update
Debt Issuance
- SMBK reported a loan-to-deposit ratio of 84% in Q3 2025, which was down quarter-over-quarter despite 10% loan growth. The net interest margin (NIM) declined 4 basis points to 3.25%. The company achieved strong non-brokered deposit growth of $283 million, representing an annualized 24%.
- Asset quality remained robust, with non-performing assets comprising 0.22% of total assets and net charge-offs to average loans at 10 basis points on an annualized basis. The CRE concentration ratio decreased to 271% from 301% due to a $45 million equity capital injection.
- The company paid down $104 million of brokered deposits in Q3 2025 and anticipates paying down an additional $111 million in Q4. A subordinated debt issuance closed in August provided $98 million in net proceeds, and a securities repositioning, offset by the sale of insurance operations, is expected to generate $2.6 million in additional annual interest income.
- SMBK projects its Q4 2025 net interest margin to be in the 3.3% to 3.35% range and anticipates 5 to 7 basis points of margin expansion quarter-over-quarter throughout 2026. Non-interest expense for the full year 2026 is expected to be in the $34 million to $35 million range.
Oct 22, 2025, 2:00 PM
SMBK Reports Strong Q3 2025 Operating Results and Positive Outlook
SMBK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- SMBK reported Q3 2025 operating earnings of $14.5 million or $0.86 per diluted share, achieving its $50 million quarterly revenue target with total operating revenue of $50.8 million.
- The company demonstrated strong balance sheet growth, with 10% annualized loan growth and 15% annualized deposit growth for Q3 2025, contributing to a tangible book value increase to $26.63 per share (excluding AOCI), an over 26% annualized quarter-over-quarter growth.
- Despite a four basis point decline in net interest margin (NIM) to 3.25% in Q3 2025, SMBK projects NIM to be in the 3.3% to 3.35% range for Q4 2025 and anticipates five to seven basis points of expansion quarter over quarter throughout 2026.
- SMBK maintained robust asset quality with non-performing assets at 0.22% of total assets and achieved its sixth consecutive quarter of positive operating leverage, with plans to pay down an additional $111 million in brokered deposits during Q4 2025.
Oct 22, 2025, 2:00 PM
SMBK Reports Strong Q3 2025 Results and Positive Outlook
SMBK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- SmartFinancial (SMBK) reported Q3 2025 operating earnings of $14.5 million or $0.86 per diluted share, with total operating revenue reaching $50.8 million. The company also achieved a tangible book value (excluding AOCI) of $26.63 per share, representing over 26% annualized growth.
- The company demonstrated strong balance sheet expansion with 10% annualized loan growth and 15% annualized deposit growth in Q3 2025. Asset quality remains robust, with non-performing assets at 0.22% of total assets and the total consolidated risk-based capital ratio increasing to 13.3%.
- Net interest margin (NIM) for Q3 2025 was 3.25%, with a projection for Q4 2025 in the 3.3%-3.35% range. Operating non-interest expenses were $32.6 million in Q3 2025 , and the company projects Q4 2025 non-interest expenses between $32.5 million-$33 million, with full-year 2026 expenses anticipated in the $34 million to $35 million range.
- SmartFinancial expects to continue its streak of positive operating leverage into 2026 and projects five to seven basis points of margin expansion quarter-over-quarter for 2026. The company is focused on organic growth, talent acquisition, and leveraging technology like AI to enhance efficiency without significantly increasing staff.
Oct 22, 2025, 2:00 PM
SmartFinancial Reports Strong Q3 2025 Earnings and Provides Positive Outlook
SMBK
Earnings
Guidance Update
Revenue Acceleration/Inflection
- SmartFinancial (SMBK) reported Q3 2025 operating earnings of $14.5 million or $0.86 per diluted share and achieved its $50 million quarterly revenue target with $50.8 million in total operating revenue.
- The company demonstrated significant balance sheet expansion in Q3 2025, with 10% annualized loan growth and 15% annualized deposit growth, totaling $179 million.
- Tangible book value per share (excluding AOCI) increased to $26.63, representing over 26% annualized growth quarter-over-quarter.
- Net interest margin (NIM) was 3.25% in Q3 2025, with a projected range of 3.3% to 3.35% for Q4 2025 and an expected five to seven basis points expansion quarter-over-quarter throughout 2026.
- SmartFinancial continued to reduce brokered deposits, paying down $104 million in Q3 2025 and planning an additional $111 million paydown in Q4 2025, with a long-term goal to eliminate them.
Oct 22, 2025, 2:00 PM
SmartFinancial Reports Strong Q3 2025 Earnings Growth
SMBK
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- SmartFinancial Inc. reported a net income of $13.7 million for Q3 2025, with quarterly operating revenue exceeding $50 million, marking a 21.1% increase from the previous year.
- The company's adjusted earnings per share were $0.86, surpassing analyst expectations of $0.72 per share.
- Growth was driven by 10% annualized organic loan growth and a 15% increase in deposits, leading to a 26% annual rise in tangible book value per common share.
- SmartFinancial has achieved six consecutive quarters of positive operating leverage and strengthened its balance sheet, partly due to a $4.0 million gain from the sale of SBK Insurance.
Oct 21, 2025, 11:13 PM
SmartFinancial Reports Strong Q3 2025 Financial Results
SMBK
Earnings
Debt Issuance
M&A
- SmartFinancial announced net income of $13.7 million, or $0.81 per diluted common share, and operating earnings of $14.5 million, or $0.86 per diluted common share, for the third quarter of 2025.
- The company achieved over $50 million in quarterly operating revenue , with net interest income reaching $42.4 million for Q3 2025.
- SmartFinancial reported net organic loan and lease growth of $98 million, representing a 10% annualized quarter-over-quarter increase, and deposit growth of $179 million, a 15% annualized quarter-over-quarter increase.
- Strategic actions during the quarter included a $4.0 million pre-tax gain from the sale of SBK Insurance and a $100 million subordinated debt issuance.
- Tangible book value per common share grew 26% annualized quarter-over-quarter , and the operating efficiency ratio was 64% for Q3 2025.
Oct 21, 2025, 9:06 PM
SmartFinancial Announces Third Quarter 2025 Results
SMBK
Earnings
Debt Issuance
M&A
- SmartFinancial reported net income of $13.7 million, or $0.81 per diluted common share, for the third quarter of 2025, compared to $9.1 million, or $0.54 per diluted common share, for the third quarter of 2024.
- The company achieved over $50 million in quarterly operating revenue and recorded net organic loan and lease growth of $98 million (10% annualized) and deposit growth of $179 million (15% annualized) in Q3 2025.
- Tangible book value per common share grew 26% quarter-over-quarter annualized, reaching $26.00 as of September 30, 2025.
- Strategic actions included a $4.0 million pre-tax gain from the sale of SBK Insurance and a $3.9 million pre-tax loss from repositioning $85 million of available-for-sale securities.
- Net interest income was $42.4 million for the third quarter of 2025, compared to $40.3 million for the prior quarter, with the tax equivalent net interest margin at 3.25%, down from 3.29%.
Oct 21, 2025, 9:00 PM
Quarterly earnings call transcripts for SMARTFINANCIAL.
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