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) will announce its Fourth Quarter 2021 results on January 24, 2022.
A conference call is scheduled for January 25, 2022, at 10:00 a.m. ET, accessible via phone.
The earnings release and presentation materials will be available on their website at smartfinancialinc.com at 9:00 a.m. ET on the same day.
SmartBank, a subsidiary of SmartFinancial (NASDAQ: SMBK), has hired three experienced banking professionals in Nashville: Rachael Meurrier, Tony Graves, and Kent Stone. Meurrier, with over 15 years in private banking, and Graves, with over 30 years in commercial banking, will enhance SmartBank’s market presence. Stone joins as Regional Mortgage Production Manager. The Nashville area, with its diverse economy and substantial business presence, offers significant growth opportunities. This expansion aligns with SmartBank's goal to deepen its market penetration in Tennessee.
SmartBank, a subsidiary of SmartFinancial (NASDAQ: SMBK), has hired a new six-person wealth management team from BBVA Compass Investment Solutions in Mobile, Alabama. Led by Thomas Montz, Amanda Montz, and Nathan Novotny, this team brings over 60 years of combined advisory experience and manages over $350 million in assets. This strategic addition aims to accelerate the growth of SmartBank Investment Services (SBIS) and diversify revenue streams, reinforcing the bank’s presence in the economically expanding Mobile area.
SmartFinancial, Inc. (Nasdaq: SMBK) declared a quarterly cash dividend of $0.06 per share on October 28, 2021. This dividend is payable on November 29, 2021, to shareholders of record as of the close of business on November 12, 2021. The move reflects the company’s ongoing commitment to shareholder returns amidst the challenges posed by the ongoing COVID-19 pandemic. SmartFinancial operates SmartBank, which offers full-service banking and has a strong presence across Tennessee, Alabama, and the Florida Panhandle.
SmartFinancial, Inc. (NASDAQ: SMBK) reported a Q3 2021 net income of $9.6 million ($0.61 per diluted share), up from $6.4 million ($0.42) a year earlier. Operating earnings were $9.9 million ($0.63), reflecting a 43.2% increase year-over-year. The company achieved net organic loan growth of $52 million and tangible book value per share grew to $19.03. Notably, SmartFinancial completed the acquisition of Sevier County Bancshares and expanded its commercial banking teams across several locations. Total assets increased to $4.38 billion, up from $3.30 billion at year-end.
SmartFinancial, Inc. (NASDAQ: SMBK) will release its third-quarter earnings on October 19, 2021, followed by a conference call on October 20 at 10:00 a.m. ET. Interested parties can join the call by dialing (844) 200-6205 or (646) 904-5544, using confirmation number 289025. A replay will be available until December 22, 2021. Investors can access the earnings materials on the company’s website at 9:00 a.m. ET before the call. SmartFinancial operates SmartBank, a full-service commercial bank founded in 2007, with locations in Tennessee, Alabama, and the Florida Panhandle.
SmartBank, a subsidiary of SmartFinancial (NASDAQ: SMBK), has announced the hiring of two experienced commercial relationship managers, Eric Davis and Ryan Pool, to bolster its Tallahassee, Florida office. Davis, with over 15 years in commercial lending, and Pool, with 13 years of experience, aim to strengthen SmartBank's market presence. Additionally, David Smith has been appointed to establish a new floor plan lending line of business in Birmingham, Alabama. This growth strategy is anticipated to enhance the bank's commercial banking product offerings.
SmartBank, a subsidiary of SmartFinancial (NASDAQ: SMBK), has entered into a Purchase and Assumption Agreement to sell approximately $83 million in loans and related assets from its Richmond, Virginia branch to First Bank. The transaction includes the acquisition of fixed assets at book value and the lease assumption. SmartBank’s Richmond branch will close on December 31, 2021. No deposit liabilities will be transferred. The divestiture is not expected to incur material gains or charges and is aimed at focusing on SmartBank's Southeastern expansion efforts.
SmartBank, a subsidiary of SmartFinancial (NASDAQ: SMBK), is expanding its presence in Alabama by hiring experienced banker teams. The bank has announced new leadership in Montgomery and Dothan, with Donna Cooper and Jeff Williams appointed to lead these regions. Montgomery, a growing economic hub, has recently seen significant industrial investment, while Dothan is recognized for its retail and medical services. SmartBank will also prioritize expansion in Birmingham, led by Lee Smith. This strategy aims to enhance market share in the Southeast and capitalize on banking opportunities.
SmartFinancial, Inc. (Nasdaq: SMBK) has successfully completed its acquisition of Sevier County Bancshares, Inc. and its subsidiary, Sevier County Bank, effective September 1, 2021. This merger, announced previously, enhances SmartFinancial's scale in a strong economic area, bolstering consolidated assets to approximately $4.1 billion as of June 30, 2021. CEO Billy Carroll emphasized the growth potential in the Pigeon Forge, Gatlinburg, and Sevierville regions. The merger is expected to create new opportunities in SmartBank's operations.
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