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SmartFinancial Inc - SMBK STOCK NEWS

Welcome to our dedicated news page for SmartFinancial (Ticker: SMBK), a resource for investors and traders seeking the latest updates and insights on SmartFinancial.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect SmartFinancial's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of SmartFinancial's position in the market.

Rhea-AI Summary
SmartFinancial, Inc. approves a regular quarterly cash dividend of $0.08 per share of common stock, payable on May 28, 2024, to shareholders of record as of May 10, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.86%
Tags
dividends
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Rhea-AI Summary
SmartFinancial, Inc. reported net income of $9.4 million for the first quarter of 2024, compared to $11.5 million in the same period last year. Operating earnings of $8.4 million showed growth in loans, deposits, and credit quality. The company focused on expense discipline and operating leverage improvement. Net interest income was $31.7 million, with a net interest margin of 2.85%. Nonperforming assets decreased, while noninterest income and expenses showed positive trends. Income tax expense increased to $2.6 million. Total assets grew to $4.95 billion, with shareholders' equity at $466.8 million. Tangible book value per share was $21.12.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.8%
Tags
-
Rhea-AI Summary
SmartFinancial, Inc. (SMBK) announces the details for the release of its First Quarter 2024 results, with the earnings release scheduled for April 22, 2024, and a conference call on April 23, 2024. Investors can access the conference call and materials through provided phone numbers and the company's webpage.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.47%
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Rhea-AI Summary
SmartFinancial, Inc. announced a net income of $6.2 million for Q4 2023, compared to $13.0 million for Q4 2022. Operating earnings totaled $6.9 million, with net organic loan and lease growth of $66 million. Credit quality remained solid, and deposit growth reached $21.3 million. Noninterest income increased to $7.6 million, and noninterest expense increased to $29.7 million. The effective tax rate was 20.95%, and total assets were $4.83 billion at the end of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
-
Rhea-AI Summary
SmartFinancial, Inc. (SMBK) will release its Fourth Quarter 2023 earnings on January 22, 2024, followed by a conference call on January 23, 2024. The company's webpage will host the conference call materials at 9:00 a.m. ET on the day of the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
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Rhea-AI Summary
SmartFinancial, Inc. (SMBK) is transferring the listing of its common stock from Nasdaq to the New York Stock Exchange (NYSE) on December 11, 2023. The company's common stock is expected to continue trading on Nasdaq until December 08, 2023. President and CEO, Billy Carroll, expressed excitement about the move, emphasizing the NYSE's dynamic trading platform and corporate services to deliver value to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.83%
Tags
none
Rhea-AI Summary
SmartFinancial, Inc. (Nasdaq: SMBK) has declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock. The dividend will be payable on November 27, 2023, to shareholders of record as of November 13, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.34%
Tags
dividends
-
Rhea-AI Summary
SmartFinancial, Inc. reports net income of $2.1 million for Q3 2023, compared to $11.5 million in Q3 2022. Operating earnings of $7.2 million in Q3 2023. Repositioned $159.6 million of securities into higher yielding assets. Net organic loan and lease growth of $42 million. Deposit growth of $46.9 million. Credit quality remains solid. Nonperforming assets to total assets of 0.12%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
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Rhea-AI Summary
SmartFinancial, Inc. announces details for the release of its Q3 2023 results
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.33%
Tags
Rhea-AI Summary
SmartFinancial, Inc. (Nasdaq: SMBK) has declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock. The dividend will be payable on August 28, 2023, to shareholders of record as of August 11, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
dividends
SmartFinancial Inc

NYSE:SMBK

SMBK Rankings

SMBK Stock Data

328.51M
14.17M
16.9%
52.09%
0.44%
Commercial Banking
Finance and Insurance
Link
United States
Knoxville

About SMBK

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