Stephen Scouten

Catherine Mealor

Brett Rabatin

Christopher Marinac

Russell Gunther

Steve Moss

Russell Elliott Gunther

Stephen Moss

Nick Lawrence

Thomas Bernard Reid

William Jones

- SMBK reported a **loan-to-deposit ratio of 84%** in Q3 2025, which was down quarter-over-quarter despite **10% loan growth**.  **[0001038773_2195769_2]**  The net interest margin (NIM) declined **4 basis points to 3.25%**.  **[0001038773_2195769_3]**  The company achieved strong non-brokered deposit growth of **$283 million**, representing an annualized **24%**.  **[0001038773_2195769_3]** 
- 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.  **[0001038773_2195769_3]**  The CRE concentration ratio decreased to **271%** from **301%** due to a **$45 million equity capital injection**.  **[0001038773_2195769_3]** **[0001038773_2195769_11]** 
- The company paid down **$104 million of brokered deposits** in Q3 2025 and anticipates paying down an additional **$111 million** in Q4.  **[0001038773_2195769_3]**  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**.  **[0001038773_2195769_3]** 
- 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**.  **[0001038773_2195769_3]** **[0001038773_2195769_8]**  Non-interest expense for the full year 2026 is expected to be in the **$34 million to $35 million range**.  **[0001038773_2195769_8]**

SMBK Reports Q3 2025 Results with Strong Deposit Growth and Positive 2026 Margin Outlook

- 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**.  **[0001038773_2195795_1]** 
- 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**.  **[0001038773_2195795_1]** 
- 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**.  **[0001038773_2195795_3]** **[0001038773_2195795_8]** **[0001038773_2195795_11]** 
- 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**.  **[0001038773_2195795_1]** **[0001038773_2195795_3]**

SMBK Reports Strong Q3 2025 Operating Results and Positive Outlook

- 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**.  **[0001038773_2196811_1]**  The company also achieved a tangible book value (excluding AOCI) of **$26.63 per share**, representing **over 26% annualized growth**.  **[0001038773_2196811_1]** 
- The company demonstrated strong balance sheet expansion with **10% annualized loan growth** and **15% annualized deposit growth** in Q3 2025.  **[0001038773_2196811_1]**  Asset quality remains robust, with non-performing assets at **0.22%** of total assets  **[0001038773_2196811_1]** **[0001038773_2196811_3]**  and the total consolidated risk-based capital ratio increasing to **13.3%**.  **[0001038773_2196811_4]** 
- Net interest margin (NIM) for Q3 2025 was **3.25%**, with a projection for Q4 2025 in the **3.3%-3.35%** range.  **[0001038773_2196811_3]**  Operating non-interest expenses were **$32.6 million** in Q3 2025  **[0001038773_2196811_1]** **[0001038773_2196811_4]** , 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.  **[0001038773_2196811_4]** **[0001038773_2196811_8]** 
- 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.  **[0001038773_2196811_8]**  The company is focused on organic growth, talent acquisition, and leveraging technology like AI to enhance efficiency without significantly increasing staff.  **[0001038773_2196811_5]** **[0001038773_2196811_7]**

SMBK Reports Strong Q3 2025 Results and Positive Outlook

- 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.  **[0001038773_2196794_1]** 
- The company demonstrated significant balance sheet expansion in Q3 2025, with **10% annualized loan growth** and **15% annualized deposit growth**, totaling **$179 million**.  **[0001038773_2196794_1]** 
- Tangible book value per share (excluding AOCI) increased to **$26.63**, representing over **26% annualized growth** quarter-over-quarter.  **[0001038773_2196794_1]** 
- 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.  **[0001038773_2196794_3]** **[0001038773_2196794_8]** **[0001038773_2196794_11]** 
- 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.  **[0001038773_2196794_3]** **[0001038773_2196794_11]**

SmartFinancial Reports Strong Q3 2025 Earnings and Provides Positive Outlook

- 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.  **[1038773_636598ec86484846bd18ae424409dd56]** 
- The company's adjusted earnings per share were **$0.86**, surpassing analyst expectations of $0.72 per share.  **[1038773_636598ec86484846bd18ae424409dd56]** 
- 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**.  **[1038773_636598ec86484846bd18ae424409dd56]** 
- 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**.  **[1038773_636598ec86484846bd18ae424409dd56]**

SmartFinancial Reports Strong Q3 2025 Earnings Growth

- 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.  **[1038773_0001104659-25-101293_smbk-20251021xex99d1.htm:0]** 
- The company achieved **over $50 million in quarterly operating revenue**  **[1038773_0001104659-25-101293_smbk-20251021xex99d1.htm:1]** , with **net interest income reaching $42.4 million** for Q3 2025.  **[1038773_0001104659-25-101293_smbk-20251021xex99d1.htm:1]** 
- 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**.  **[1038773_0001104659-25-101293_smbk-20251021xex99d1.htm:1]** 
- 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**.  **[1038773_0001104659-25-101293_smbk-20251021xex99d1.htm:1]** 
- **Tangible book value per common share grew 26% annualized quarter-over-quarter**  **[1038773_0001104659-25-101293_smbk-20251021xex99d1.htm:1]** , and the **operating efficiency ratio was 64%** for Q3 2025.  **[1038773_0001104659-25-101293_smbk-20251021xex99d2.htm:5]**

SmartFinancial Reports Strong Q3 2025 Financial Results

- 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.  **[1038773_1abbb1e557a64b3e9984d93599580304_0]** 
- 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.  **[1038773_1abbb1e557a64b3e9984d93599580304_0]** 
- **Tangible book value per common share grew 26%** quarter-over-quarter annualized, reaching **$26.00** as of September 30, 2025.  **[1038773_1abbb1e557a64b3e9984d93599580304_0]** **[1038773_1abbb1e557a64b3e9984d93599580304_4]** 
- 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**.  **[1038773_1abbb1e557a64b3e9984d93599580304_0]** 
- **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%.  **[1038773_1abbb1e557a64b3e9984d93599580304_1]**

SMARTFINANCIAL (SMBK)