Welcome to our dedicated page for Smartfinancial news (Ticker: SMBK), a resource for investors and traders seeking the latest updates and insights on Smartfinancial stock.
SmartFinancial, Inc. (NYSE: SMBK) news coverage centers on its role as a Knoxville, Tennessee-based bank holding company for SmartBank, a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and Florida. Company press releases and SEC Form 8-K filings provide regular updates on financial performance, capital actions, and corporate developments affecting SMBK stock.
Investors following SmartFinancial news will find detailed quarterly earnings announcements that discuss net income, operating earnings, net interest income, net interest margin, loan and lease growth, deposit trends, noninterest income and expense, and credit quality metrics such as nonperforming assets. These earnings releases are typically paired with investor conference calls and slide presentations, which the company files as exhibits to Form 8-K.
News for SMBK also includes board decisions on regular quarterly cash dividends, with corresponding press releases and Regulation FD disclosures outlining record dates and payment dates. Capital and funding developments are another recurring theme, such as the issuance of 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035 and subsequent registered exchange offers for those notes, as described in SmartFinancial’s 8-K filings and Business Wire announcements.
Corporate actions and strategic transactions appear in SmartFinancial’s news flow as well. For example, a Form 8-K reports the sale of SBK Insurance Inc. by SmartBank and the establishment of a continuing strategic relationship, along with SmartFinancial’s minority ownership interest in the purchaser’s parent entity. Earnings-related news often highlights these transactions alongside balance sheet trends, providing context on how they affect capital, noninterest income, and long-term positioning.
This SMBK news page aggregates such company-issued releases and regulatory disclosures so readers can review SmartFinancial’s earnings results, dividend announcements, subordinated debt activity, and notable subsidiary transactions in one place.
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SmartFinancial, Inc. (NASDAQ: SMBK) reported strong first-quarter 2023 results, with net income of $11.5 million or $0.68 per diluted share, up 38% year-over-year from $8.3 million or $0.49 per share. Operating earnings, excluding securities gains and restructuring expenses, also increased to $11.5 million, representing a 34% rise compared to the previous year. Deposits grew by $152.4 million (15% annualized), while organic loans rose by $53 million (7% annualized). Despite a slight drop in net interest income to $36 million, the net interest margin decreased to 3.31% due to rising costs linked to Federal Reserve rate hikes. Credit quality remains stable with nonperforming assets at 0.11% of total assets. Total assets increased to $4.77 billion, contributing to a robust balance sheet.
SmartFinancial, Inc. (NASDAQ: SMBK) announced the schedule for its earnings release for the first quarter of 2023, set for April 24, 2023. The company will provide insights during a conference call on April 25, 2023, at 10:00 a.m. ET, accessible via dial-in numbers with an access code. The earnings release and presentation materials will be available on their website before the call.
SmartFinancial operates SmartBank, a full-service commercial bank founded in 2007, with locations across Tennessee, Alabama, and the Florida Panhandle. The bank emphasizes exceptional client service, strategic branching, and disciplined lending in its operations.
SmartFinancial, Inc. (Nasdaq: SMBK) has declared a quarterly cash dividend of $0.08 per share, marking a 14% increase from the previous quarterly dividend of $0.07 announced in October 2022. This dividend will be payable on February 27, 2023, to shareholders of record as of February 10, 2023. The bank, headquartered in Knoxville, Tennessee, has been noted for its approach to client service and disciplined lending, contributing to consistent growth.
SmartFinancial, Inc. (NASDAQ: SMBK) reported a strong fourth quarter for 2022, with net income rising to $13.0 million, or $0.77 per diluted share, up 94% year-over-year. Operating earnings were $12.9 million, reflecting an 11% increase from the previous quarter and 48% from Q4 2021. Net interest income grew to $37.6 million, while net organic loan and lease growth exceeded $130.2 million, marking a 17% annualized increase. Credit quality remains stable, with nonperforming assets at just 0.10% of total assets. The company also saw an increase in noninterest income to $7.1 million, driven by various factors including the addition of Sunbelt Group, LLC.
SmartFinancial, Inc. (NASDAQ: SMBK) will release its Fourth Quarter 2022 results on January 23, 2023. A conference call to discuss the earnings will take place on January 24, 2023, at 10:00 a.m. ET. Interested participants can join the call by dialing (844) 200-6205 or (646) 904-5544, using access code 179408. A replay will be available until March 25, 2023. Conference call materials will be published on their website at 9:00 a.m. ET before the call.
SmartFinancial serves as the bank holding company for SmartBank, which operates branches across Tennessee, Alabama, and Florida.
SmartFinancial, Inc. (Nasdaq: SMBK) has declared a quarterly cash dividend of $0.07 per share, payable on November 29, 2022, to shareholders on record by November 14, 2022. This announcement highlights the company's commitment to returning value to its shareholders. SmartFinancial is the parent company of SmartBank, which operates branches across Tennessee, Alabama, and the Florida Panhandle, focusing on exceptional client service and disciplined lending practices.
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