Smartfinancial Inc SEC Filings

SmartFinancial, Inc. is offering to exchange up to $100,000,000 of newly registered 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035 ("New Notes") for all outstanding privately placed, unregistered 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035 ("Old Notes") issued on August 20, 2025. The exchange will not raise cash or increase consolidated indebtedness; exchanged Old Notes will be cancelled. The New Notes carry identical terms to the Old Notes except they are registered, generally transferable and not entitled to registration-rights-related additional interest. The notes pay 7.25% fixed through September 1, 2030, then reset quarterly at Three-Month Term SOFR plus 385 basis points. The New Notes are unsecured, subordinated obligations that are structurally junior to subsidiary liabilities. As of June 30, 2025, SmartFinancial reported total assets of $5.49B, gross loans of $4.12B, deposits of $4.87B and shareholders' equity of $519.1M.

SmartFinancial, Inc. filed a Form D reporting a completed Regulation D offering of debt securities totaling $100,000,000. The filing lists the issuer as SmartFinancial Inc., a Tennessee corporation with its principal place of business in Knoxville. The offering used Rule 506(b) and is not connected to any business combination. The notice shows the full $100,000,000 was sold with $0 remaining, lists 44 investors who have already invested, and reports finders' fees of $1,250,000. The issuer indicates no proceeds were paid to directors, officers, or promoters. The filing was signed by CFO Ronald Gorczynski.

SmartFinancial, Inc. reported stronger results for the quarter ended June 30, 2025, with quarterly net income of $11.705 million versus $8.003 million a year earlier, and six‑month net income of $22.959 million versus $17.360 million in 2024. Net interest income rose to $40.343 million for the quarter from $32.814 million year‑over‑year, while diluted earnings per share were $0.69 for the quarter and $1.36 for the six months.

The balance sheet shows total assets of $5.491 billion, loans and leases of $4.124 billion, and total deposits of $4.872 billion. The allowance for credit losses was $39.776 million (0.96% of loans), and management increased the provision for credit losses to $2.411 million for the quarter ($3.391 million for six months). Securities available‑for‑sale had a fair value of $502.150 million with aggregated unrealized losses driven by interest‑rate changes; management stated no credit‑related charge was necessary. Cash flows show net cash provided by operations of $28.309 million, net cash used in investing of $232.349 million, and net cash provided by financing of $181.566 million.