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.
SmartFinancial, Inc. (NASDAQ: SMBK) reported a strong third quarter of 2022 with net income of $11.5 million, or $0.68 per diluted share, marking an increase from $9.6 million year-over-year. Operating earnings rose 13% quarter-over-quarter, totaling $11.6 million. The company achieved net organic loan growth of over $109 million, with deposits increasing by $42 million. Net interest income saw a substantial 44% annualized growth. Nonperforming assets were stable at 0.10% of total assets. However, noninterest income decreased by $979,000 compared to the previous quarter.
SmartFinancial, Inc. (NASDAQ: SMBK) has announced that it will release its third-quarter 2022 earnings on October 24, 2022. A conference call will follow on October 25, 2022, at 10:00 a.m. ET, accessible via phone by dialing (833) 927-1758 or (646) 904-5544 with access code 380946. The call will be available for replay until December 24, 2022. Additional materials related to the earnings release will be available on the company's website on the same day at 9:00 a.m. ET.
SmartBank's subsidiary, Rains Insurance, has acquired the operating assets of Sunbelt Group, an independent insurance agency based in Chattanooga, TN, effective September 1, 2022. This acquisition marks Rains' first foray into independent insurance agencies. Sunbelt, established in 1984, offers personal, commercial, life, and health insurance with a specialty in transportation insurance. Rains aims to enhance its service areas across Tennessee and beyond, leveraging Sunbelt's experienced team and strong market connections.
SmartFinancial, Inc. (Nasdaq: SMBK) declared a quarterly cash dividend of $0.07 per share on July 28, 2022. The dividend is payable on August 29, 2022, to shareholders recorded by the close of business on August 12, 2022. This decision reflects the company's ongoing commitment to return value to shareholders.
SmartFinancial, based in Knoxville, Tennessee, operates SmartBank, a full-service commercial bank with branches in Tennessee, Alabama, and the Florida Panhandle.
SmartFinancial reported a net income of $10.2 million or $0.61 per diluted share for Q2 2022, up from $8.8 million in Q2 2021. Operating earnings climbed to $10.3 million, driven by strong organic loan growth of $206.8 million and a 14% rise in non-maturity deposits. Net interest income surged by $2.9 million to $33.1 million, with a net interest margin of 3.08%. Credit quality remains robust, with nonperforming assets at 0.11% of total assets. However, shareholders' equity decreased to $420.4 million, down $9 million from the end of 2021.
SmartFinancial, Inc. (NASDAQ: SMBK) will release its second-quarter 2022 earnings on July 25, 2022, followed by a conference call on July 26, 2022, at 10:00 a.m. ET. Investors can participate by dialing (844) 200-6205 or (646) 904-5544 with access code 357084. A replay will be available until September 26, 2022. SmartFinancial, headquartered in Knoxville, Tennessee, operates SmartBank, a full-service commercial bank serving Tennessee, Alabama, and the Florida Panhandle. More details will be available on their website prior to the call.
SmartFinancial, Inc. (Nasdaq: SMBK) declared a quarterly cash dividend of $0.07 per share on April 28, 2022, payable on May 31, 2022, to shareholders of record by May 13, 2022. The announcement reflects SmartFinancial's commitment to rewarding its shareholders amidst its operations across Tennessee, Alabama, and the Florida Panhandle.
SmartFinancial reported net income of $8.3 million, or $0.49 per diluted share, for Q1 2022, a decline from $9.8 million or $0.65 per share year-over-year. Operating earnings stood at $8.6 million, or $0.51 per diluted share, also lower than the previous year's $9.8 million. The company experienced notable growth in loans and deposits, with organic loan growth exceeding $136.9 million (21% annualized) and non-time deposits growing over $195.0 million (23% annualized). Credit quality remained robust, evidenced by nonperforming assets at 0.11% of total assets.
SmartFinancial, Inc. (NASDAQ: SMBK) will release its First Quarter 2022 earnings on April 25, 2022, followed by a conference call on April 26, 2022, at 10:00 a.m. ET. Participants can access the call at (844) 200-6205 or (646) 904-5544 using access code 293033. A replay will be available until June 28, 2022. Conference call materials, including the earnings release, will be available on the company's website here at 9:00 a.m. ET on the day of the call.
On January 27, 2022, SmartFinancial (Nasdaq: SMBK) announced a quarterly cash dividend of $0.07 per share, marking a 17% increase from the previous $0.06 dividend. The dividend will be payable on February 28, 2022, to shareholders of record as of February 11, 2022. This move reflects the company's strong performance and commitment to returning value to shareholders.
FAQ
What is the current stock price of Smartfinancial (SMBK)?
What is the market cap of Smartfinancial (SMBK)?
