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 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.
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