Smartfinancial Inc Stock Price, News & Analysis

SmartFinancial, Inc. (NASDAQ:SMBK) announces the release of its First Quarter 2021 earnings results scheduled for April 20, 2021. A conference call will follow on April 21, 2021, at 10:00 a.m. ET, accessible via phone. Conference call materials will be available on the company's website at 9:00 a.m. ET on the day of the call. Based in Knoxville, Tennessee, SmartFinancial serves as the bank holding company for SmartBank, which operates 35 branches across Tennessee, Alabama, and Florida.

SmartFinancial, Inc. (Nasdaq: SMBK) declared a quarterly cash dividend of $0.06 per share, marking a 20% increase from the previous quarter's $0.05 on January 28, 2021. The dividend is payable on March 1, 2021, to shareholders of record as of February 12, 2021. SmartFinancial operates SmartBank, a full-service commercial bank with 35 branches across East Tennessee, Middle Tennessee, Alabama, and the Florida Panhandle. The company emphasizes strong earnings and a solid capital position amid ongoing challenges, including the COVID-19 pandemic.

SmartFinancial, Inc. (NASDAQ: SMBK) reported a fourth-quarter net income of $9.0 million, or $0.59 per diluted share, up from $6.4 million, or $0.42, in the previous quarter. Operating earnings also rose to $9.2 million, reflecting a strong performance despite the pandemic. Deposits surged by $153.2 million, marking a 23.1% annualized increase. The company reduced its borrowings by $237.8 million from the PPPLF, showing improved financial health. Tangible book value per share increased 15.1% to $17.92.

SmartFinancial, Inc. (NASDAQ: SMBK) will release its Fourth Quarter 2020 earnings on January 19, 2021. A conference call to discuss the results is scheduled for January 20 at 10:00 a.m. ET, with participation details provided. The call will also have a replay available until January 20, 2022. SmartFinancial, based in Knoxville, Tennessee, operates SmartBank, a commercial bank with 35 branches across Tennessee, Alabama, and Florida. Further information, including call materials, will be accessible on their website prior to the call.

On October 23, 2020, SmartFinancial (Nasdaq: SMBK) declared a quarterly cash dividend of $0.05 per share, payable on November 23, 2020, to shareholders as of November 9, 2020. Additionally, the company announced the resumption of its stock repurchase plan, initially authorized on November 20, 2018. The plan allows management to buy back shares at prevailing market prices using available working capital. While the exact number of shares repurchased remains uncertain, the intention is to enhance shareholder value by repurchasing shares that will become authorized, unissued shares.

SmartFinancial, Inc. (NASDAQ: SMBK) reported a net income of $6.4 million or $0.42 per diluted share for Q3 2020, up from $6.2 million in Q2 2020. Operating earnings (Non-GAAP) totaled $6.6 million or $0.44 per diluted share, a decrease from Q2's $7.3 million. Deposits surged by 29.5% year-over-year, while nonperforming assets improved to 0.18% of total assets. Despite a 62.1% decline in COVID loan modifications, net interest margin fell to 3.39%. Tangible book value per share rose 5.5% year-over-year to $17.27.

SmartFinancial, Inc. (NASDAQ: SMBK) announces its earnings release for Q3 2020, set for October 20, 2020. A conference call will follow on October 21 at 10:00 a.m. ET, accessible via phone at (888) 317-6003 or (412) 317-6061, using confirmation number 9589795. Conference call materials will be available on their website at 9:00 a.m. ET on the day of the call. SmartFinancial, based in Knoxville, Tennessee, operates SmartBank, a full-service commercial bank with 36 branches across Tennessee, Alabama, and Florida Panhandle.

SmartFinancial has declared a quarterly cash dividend of $0.05 per share, set to be paid on August 24, 2020, for shareholders on record as of August 7, 2020. This announcement reflects the company’s commitment to returning value to shareholders and its stable financial performance. SmartFinancial, based in Knoxville, operates as a bank holding company for SmartBank, which has expanded its reach across East and Middle Tennessee, Alabama, and the Florida Panhandle. The firm prioritizes client service and a disciplined lending approach.

SmartFinancial, Inc. (NASDAQ: SMBK) will release its second-quarter earnings on July 21, 2020. A conference call is scheduled for July 22 at 10:00 a.m. ET, accessible via (888) 317-6003 or (412) 317-6061 with confirmation number 5925756. A replay will be available until July 22, 2021, using confirmation number 10146072. Conference call materials will be published on their website by 9:00 a.m. ET on the call day.

SmartFinancial operates SmartBank, a full-service commercial bank with 35 branches in Tennessee, Alabama, and Florida Panhandle.