SmartFinancial, Inc. (NYSE: SMBK) grows Q2 earnings and declares dividend

Q: What were SmartFinancial (SMBK) earnings for the second quarter of 2026?

SmartFinancial reported net income of $16.3 million and diluted EPS of $0.96 for Q2 2026, compared with $11.7 million and $0.69 in Q2 2025 and $13.7 million and $0.81 in Q1 2026, respectively.

Q: How did SmartFinancial (SMBK) net interest margin and loan growth trend in Q2 2026?

In Q2 2026, SmartFinancial’s tax-equivalent net interest margin was 3.52% , up from 3.48% in Q1 2026. Management noted approximately 15% annualized loan growth , with average earning assets increasing to $5.52 billion during the quarter.

Q: What was SmartFinancial (SMBK) asset quality like at June 30, 2026?

At June 30, 2026, nonperforming loans and leases were 0.25% of total loans and leases and nonperforming assets were 0.23% of total assets. The allowance for credit losses was $45.3 million , or 0.97% of total loans and leases.

Q: What dividend did SmartFinancial (SMBK) declare in July 2026?

On July 16, 2026, SmartFinancial’s board declared a quarterly cash dividend of $0.09 per share , payable on August 17, 2026 , to shareholders of record as of the close of business on July 31, 2026 .

Q: How did SmartFinancial (SMBK) balance sheet change by June 30, 2026?

By June 30, 2026, total assets were $6.12 billion , up from $5.86 billion at year-end 2025. Loans and leases increased $319.4 million and deposits increased $232.8 million , while shareholders’ equity rose to $576.9 million with tangible book value per share at $28.22 .

Q: What were SmartFinancial (SMBK) key profitability and efficiency ratios in Q2 2026?

For Q2 2026, SmartFinancial reported a return on average assets of 1.10% , return on average shareholders’ equity of 11.46% , and an efficiency ratio of 60.69% . Operating pre-provision net revenue (PPNR) return on average assets was 1.48% on a Non-GAAP basis.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

SmartFinancial, Inc. reported higher earnings for the second quarter of 2026, with net income of $16.3 million and diluted EPS of $0.96, up from $0.69 a year earlier and $0.81 in the prior quarter. Management highlighted approximately 15% annualized loan growth and a tax-equivalent net interest margin of 3.52% as average earning assets reached $5.52 billion.

Asset quality metrics showed low nonperforming levels, with nonperforming assets at 0.23% of total assets and an allowance for credit losses equal to 0.97% of loans and leases. Total assets were $6.12 billion and deposits $5.39 billion at June 30, 2026. The board declared a quarterly cash dividend of $0.09 per share, payable August 17, 2026, to shareholders of record on July 31, 2026.

Positive

Q2 2026 earnings growth: net income rose to $16.3 million and diluted EPS to $0.96, up from $11.7 million and $0.69 in Q2 2025 and from $13.7 million and $0.81 in Q1 2026.
Balance sheet and credit quality: total assets reached $6.12 billion with loans and leases of $4.68 billion, while nonperforming assets remained low at 0.23% of total assets and the ACL held at 0.97% of loans and leases.

Negative

None.

Insights

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8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income Q2 2026: $16.3 million Diluted EPS Q2 2026: $0.96 Net interest margin, FTE: 3.52% +5 more

8 metrics

Net income Q2 2026 $16.3 million Net income for the second quarter of 2026

Diluted EPS Q2 2026 $0.96 Diluted earnings per common share for Q2 2026

Net interest margin, FTE 3.52% Tax-equivalent net interest margin for Q2 2026

Total assets $6.12 billion Total assets at June 30, 2026

Loans and leases $4.68 billion Loans and leases outstanding at June 30, 2026

Total deposits $5.39 billion Total deposits at June 30, 2026

Nonperforming assets ratio 0.23% Nonperforming assets as a percentage of total assets at June 30, 2026

Quarterly dividend per share $0.09 Cash dividend declared, payable August 17, 2026

Key Terms

net interest margin, tangible book value per common share, allowance for credit losses, nonperforming assets, +1 more

5 terms

net interest margin financial

"The tax equivalent net interest margin was 3.52% for the second quarter of 2026."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

allowance for credit losses financial

"At June 30, 2026, the allowance for credit losses was $45.3 million."

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

nonperforming assets financial

"Total nonperforming assets as a percentage of total assets was 0.23% as of June 30, 2026."

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

pre-provision net revenue financial

"Operating pre-provision net revenue (“PPNR”) earnings are included in the Non-GAAP measures."

Pre-provision net revenue is a bank’s income from core operations — interest earned minus interest paid plus fees and other operating income, after operating costs — measured before setting aside funds for potential loan losses. Investors use it to gauge how well a bank’s everyday business generates money independent of one-time loss reserves, like judging a store’s sales and operating profit before accounting for an expected number of returned items.

Earnings Snapshot

Net income: $16.3 million

Three months ended June 30, 2026

Net income $16.3 million up from $11.7 million in Q2 2025 and $13.7 million in Q1 2026

Diluted EPS $0.96 up from $0.69 in Q2 2025 and $0.81 in Q1 2026

Net interest margin, FTE 3.52% up from 3.48% in the prior quarter

Total assets $6.12 billion up from $5.86 billion at December 31, 2025

Quarterly dividend per share $0.09 payable August 17, 2026 to shareholders of record July 31, 2026

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Available on EDGAR 07/20/2026 - 05:00 PM Accepted by SEC EDGAR 07/20/2026 - 05:00 PM

FAQ

What were SmartFinancial (SMBK) earnings for the second quarter of 2026?

SmartFinancial reported net income of $16.3 million and diluted EPS of $0.96 for Q2 2026, compared with $11.7 million and $0.69 in Q2 2025 and $13.7 million and $0.81 in Q1 2026, respectively.

How did SmartFinancial (SMBK) net interest margin and loan growth trend in Q2 2026?

In Q2 2026, SmartFinancial’s tax-equivalent net interest margin was 3.52%, up from 3.48% in Q1 2026. Management noted approximately 15% annualized loan growth, with average earning assets increasing to $5.52 billion during the quarter.

What was SmartFinancial (SMBK) asset quality like at June 30, 2026?

At June 30, 2026, nonperforming loans and leases were 0.25% of total loans and leases and nonperforming assets were 0.23% of total assets. The allowance for credit losses was $45.3 million, or 0.97% of total loans and leases.

What dividend did SmartFinancial (SMBK) declare in July 2026?

On July 16, 2026, SmartFinancial’s board declared a quarterly cash dividend of $0.09 per share, payable on August 17, 2026, to shareholders of record as of the close of business on July 31, 2026.

How did SmartFinancial (SMBK) balance sheet change by June 30, 2026?

By June 30, 2026, total assets were $6.12 billion, up from $5.86 billion at year-end 2025. Loans and leases increased $319.4 million and deposits increased $232.8 million, while shareholders’ equity rose to $576.9 million with tangible book value per share at $28.22.

What were SmartFinancial (SMBK) key profitability and efficiency ratios in Q2 2026?

For Q2 2026, SmartFinancial reported a return on average assets of 1.10%, return on average shareholders’ equity of 11.46%, and an efficiency ratio of 60.69%. Operating pre-provision net revenue (PPNR) return on average assets was 1.48% on a Non-GAAP basis.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of earliest event reported: July 20, 2026

SMARTFINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Tennessee		001-37661		62-1173944
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)


5401 Kingston Pike, Suite 600
Knoxville, Tennessee		37919
(Address of Principal Executive Offices)		(Zip Code)

(865) 437-5700

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of Exchange on which Registered
Common Stock, par value $1.00 per share			SMBK			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the

Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

On July 20, 2026, SmartFinancial, Inc. (“SmartFinancial”) issued a press release (the “Press Release”) reporting earnings results for its second quarter ending June 30, 2026. A copy of the Press Release is attached hereto as Exhibit 99.1.

In accordance with General Instructions B.2 of Form 8K, the information in Item 2.02 of this report (including Exhibit 99.1) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 7.01

Regulation FD Disclosure.

SmartFinancial is filing an investor slide presentation that it intends to review in conjunction with its earnings release conference call on July 21, 2026. The slides are attached hereto as Exhibit 99.2.

On July 16, 2026, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.09 per share of SmartFinancial common stock (the “Dividend”) payable on August 17, 2026, to shareholders of record as of the close of business on July 31, 2026. On July 20, 2026, SmartFinancial announced the Dividend in the Press Release. A copy of the Press Release is attached as Exhibit 99.1 hereto and incorporated herein by reference.

In accordance with General Instructions B.2 of Form 8K, the information in Item 7.01 of this report (including Exhibit 99.2) shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01		Financial Statements and Exhibits

Exhibit No.		Description
99.1		Press release announcing second quarter 2026 financial results and quarterly cash dividend dated July 20, 2026
99.2		Second quarter 2026 investor presentation
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	SMARTFINANCIAL, INC.

Date: July 20, 2026
	/s/ William Y. Carroll, Jr.
	William Y. Carroll, Jr.
	President & Chief Executive Officer

Exhibit 99.1

2Q 2026

SmartFinancial Announces Results for the Second Quarter 2026

Regular Quarterly Cash Dividend

KNOXVILLE, TN – July 20, 2026 – SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NYSE: SMBK), today announced net income of $16.3 million, or $0.96 per diluted common share, for the second quarter of 2026, compared to net income of $11.7 million, or $0.69 per diluted common share, for the second quarter of 2025, and compared to prior quarter net income of $13.7 million, or $0.81 per diluted common share.

Highlights for the Second Quarter of 2026

●

Operating earnings¹ of $16.3 million, or $0.96 per diluted common share

●

Net organic loan and lease growth of $165 million representing 15% annualized quarter-over-quarter increase

●

Surpassed $6 billion in total assets during the quarter

●

Core deposit² growth of $83 million representing 6% annualized quarter-over-quarter increase

●

Quarter-over-quarter tangible book value per common share¹ growth of 13% annualized

●

Recertified as a Great Place to Work by over 97% of SmartBank Associates

Billy Carroll, President & CEO, stated: “Our second quarter results reflect steady progress in the execution of our strategy. During the quarter, we generated approximately 15% annualized loan growth and expanded our net interest margin to 3.52%, while maintaining excellent asset quality. Diluted earnings per share increased to $0.96, an improvement of $0.15 from the first quarter, and tangible book value per common share grew quarter over quarter by 13% annualized. We also generated positive operating leverage as revenue growth outpaced expense growth during the quarter. Pipelines across the Company remain healthy, and we believe the disruption created by ongoing consolidation and operational challenges at certain competitors continues to create meaningful opportunities to deepen relationships and gain market share. While we recognize there is still work to do, our strong momentum gives us confidence in the long-term trajectory of the Company and our ability to continue creating value for shareholders. I want to thank our associates for their hard work and commitment to our clients, which continue to drive our performance and position the Company for future growth.”

SmartFinancial's Chairman, Miller Welborn, concluded: “The momentum we continue to build across SmartBank, reflects the strength of our franchise and the commitment of our associates. Being recertified as a Great Place to Work by more than 97% of our associates is particularly meaningful because it speaks to the culture that has been foundational to our success. The results achieved this quarter reflect the disciplined execution of our associates across the Company and the benefits of the investments we have made in our markets, people, and operating platform. I want to thank our associates for the exceptional work they do every day to serve our clients and create long-term value for our shareholders. As we look ahead, we remain excited about the opportunities and confident in our ability to capitalize on them.”

Net Interest Income and Net Interest Margin

Net interest income was $48.1 million for the second quarter of 2026, compared to $45.9 million for the prior quarter. Average earning assets totaled $5.52 billion, an increase of $131.7 million from the prior quarter. The balances of average earning assets increased quarter-over-quarter, primarily from an increase in average loans and leases of $176.3 million and average securities of $9.7 million, offset by a decrease in average federal funds sold and other earning assets of $54.3 million. Average interest-bearing liabilities increased by $153.3 million from the prior quarter, primarily attributable to an increase in average interest-bearing deposits of $115.5 million and borrowings of $37.7 million.

¹ Non-GAAP measure. See “Non-GAAP Financial Measures” for more information and see the Non-GAAP Reconciliations.

²Core deposits include all deposits less brokered and one-way buy Certificate of Deposit Account Registry Service (“CDARS”) deposits.

The tax equivalent net interest margin was 3.52% for the second quarter of 2026, up from 3.48% for the prior quarter. This increase is primarily related to the increase in asset yields, outpacing the increase in liability costs. The yield on loans and leases, excluding loan fees, fully taxable equivalent (“FTE”) was 5.95% for the second quarter of 2026, compared to 5.93% for the prior quarter.

The cost of total deposits for the second quarter of 2026 was 2.15%, compared to 2.12% in the prior quarter. The cost of interest-bearing liabilities was 2.74% for the second quarter of 2026, compared to 2.72% in the prior quarter. The cost of average interest-bearing deposits was 2.62% for the second quarter of 2026, compared to 2.60% for the prior quarter, an increase of 2 basis points.

The following table presents selected interest rates and yields for the periods indicated:


	Three Months Ended
	Jun		Mar		Increase
Selected Interest Rates and Yields	2026		2026		(Decrease)
Yield on loans and leases, excluding loan fees, FTE	5.95	%	5.93	%	0.02	%
Yield on loans and leases, FTE	6.07	%	6.02	%	0.05	%
Yield on earning assets, FTE	5.70	%	5.62	%	0.08	%
Cost of interest-bearing deposits	2.62	%	2.60	%	0.02	%
Cost of total deposits	2.15	%	2.12	%	0.03	%
Cost of interest-bearing liabilities	2.74	%	2.72	%	0.02	%
Net interest margin, FTE	3.52	%	3.48	%	0.04	%

Allowance for Credit Losses on Loans and Leases and Credit Quality

At June 30, 2026, the allowance for credit losses was $45.3 million. The allowance for credit losses to total loans and leases was 0.97% as of June 30, 2026, and March 31, 2026. During the first quarter of 2026, SmartBank updated its ACL loss model by adopting a discounted cash flow methodology, refining key assumptions and qualitative factors, and enhancing its use of macroeconomic drivers. These changes contributed to a higher provision for credit losses during the first quarter.

The following table presents detailed information related to the provision for credit losses for the periods indicated (dollars in thousands):


	Three Months Ended
		Jun			Mar			Increase
Allowance for Credit Losses on Loans and Leases Rollforward		2026			2026			(Decrease)
Beginning balance	$	43,950		$	40,906		$	3,044
Charge-offs		(658)			(229)			(429)
Recoveries		105			60			45
Net charge-offs		(553)			(169)			(384)
Provision for credit losses ⁽¹⁾		1,855			3,213			(1,358)
Ending balance	$	45,252		$	43,950		$	1,302

Allowance for credit losses to total loans and leases		0.97	%		0.97	%		-	%

(1)

The current quarter-ended and prior quarter-ended provision excludes an unfunded commitments release of $392 thousand and a provision of $926 thousand, respectively. At June 30, 2026, and March 31, 2026, the unfunded commitment liability totaled $4.1 million and $4.5 million, respectively.

Nonperforming loans and leases as a percentage of total loans and leases was 0.25% as of June 30, 2026, and 0.27% as of March 31, 2026. Total nonperforming assets (which include nonaccrual loans and leases, loans and leases past due 90 days or more and still accruing, other real estate owned and other repossessed assets) as a percentage of total assets was 0.23% as of June 30, 2026, and 0.25% as of March 31, 2026.

The following table presents detailed information related to credit quality for the periods indicated (dollars in thousands):


	Three Months Ended
		Jun			Mar			Increase
Credit Quality		2026			2026			(Decrease)
Nonaccrual loans and leases	$	11,474		$	12,257		$	(783)
Loans and leases past due 90 days or more and still accruing		-			-			-
Total nonperforming loans and leases		11,474			12,257			(783)
Other real estate owned		-			-			-
Other repossessed assets		2,754			2,798			(44)
Total nonperforming assets	$	14,228		$	15,055		$	(827)

Nonperforming loans and leases to total loans and leases		0.25	%		0.27	%		(0.02)	%
Nonperforming assets to total assets		0.23	%		0.25	%		(0.02)	%

Noninterest Income

Noninterest income decreased slightly, by $55 thousand to $7.9 million for the second quarter of 2026, compared to $7.9 million for the prior quarter. The second quarter decrease was primarily attributable to lower capital markets’ income included in other noninterest income, offset by increases in interchange and debit card transaction fees and mortgage banking income.

The following table presents detailed information related to noninterest income for the periods indicated (dollars in thousands):


	Three Months Ended
		Jun		Mar		Increase
Noninterest Income		2026		2026		(Decrease)
Service charges on deposit accounts	$	1,881	$	1,853	$	28
Gain on sale of securities, net		54		1		53
Mortgage banking income		916		760		156
Investment services		1,724		1,796		(72)
Interchange and debit card transaction fees		1,676		1,418		258
Other		1,635		2,113		(478)
Total noninterest income	$	7,886	$	7,941	$	(55)

Noninterest Expense

Noninterest expense increased $1.0 million to $34.0 million for the second quarter of 2026, compared to $32.9 million for the prior quarter. The second quarter increase was primarily attributable to increases in salaries and employee benefits, FDIC insurance, data processing and technology and professional services, offset by a decrease in other expense.

The following table presents detailed information related to noninterest expense for the periods indicated (dollars in thousands):


	Three Months Ended
		Jun		Mar		Increase
Noninterest Expense		2026		2026		(Decrease)
Salaries and employee benefits	$	21,015	$	20,414	$	601
Occupancy and equipment		3,351		3,344		7
FDIC insurance		920		750		170
Other real estate and loan related expenses		806		792		14
Advertising and marketing		408		387		21
Data processing and technology		2,683		2,436		247
Professional services		1,366		1,193		173
Amortization of intangibles		454		457		(3)
Other		2,952		3,142		(190)
Total noninterest expense	$	33,955	$	32,915	$	1,040

Income Tax Expense

Income tax expense was $4.2 million for the second quarter of 2026, compared with $3.1 million for the prior quarter. The $1.1 million increase was primarily driven by a higher projected annual effective tax rate resulting from increased forecasted taxable income relative to non-taxable income.

Balance Sheet Trends

Total assets at June 30, 2026, were $6.12 billion compared to $5.86 billion at December 31, 2025. The $254.5 million increase was primarily attributable to increases in loans and leases of $319.4 million, securities of $17.9 million, premises and equipment of $4.9 million, and bank owned life insurance of $1.8 million, offset by decreases in cash and cash equivalents of $85.0 million and loans held for sale of $1.2 million, as well as an increase in the allowance for credit losses of $4.3 million.

Total liabilities were $5.54 billion at June 30, 2026, compared to $5.31 billion at December 31, 2025, an increase of $230.1 million. Total deposits increased $232.8 million, which was driven primarily by increases in money market and savings deposits of $181.2 million, interest-bearing demand deposits of $76.4 million, and time deposits of $116.3 million, offset by a decline in noninterest-bearing demand deposits of $141.0 million. In addition, borrowings decreased by $2.4 million and other liabilities decreased by $434 thousand.

Shareholders' equity at June 30, 2026, totaled $576.9 million, an increase of $24.4 million, from December 31, 2025. The increase in shareholders' equity was primarily driven by net income of $30.0 million for the six months ending June 30, 2026, offset by an increase of $3.6 million in accumulated other comprehensive loss and dividends paid of $2.9 million. Tangible book value per common share¹ was $28.22 at June 30, 2026, compared to $26.85 at December 31, 2025. Tangible common equity¹ as a percentage of tangible assets¹ was 8.01% at June 30, 2026, compared with 7.93% at December 31, 2025.

The following table presents selected balance sheet information for the periods indicated (dollars in thousands):


	Jun		Dec		Increase
Selected Balance Sheet Information	2026		2025		(Decrease)
Total assets	$	6,115,306	$	5,860,810	$	254,496
Total liabilities		5,538,382		5,308,318		230,064
Total equity		576,924		552,492		24,432
Securities		679,913		662,003		17,910
Loans and leases		4,682,935		4,363,582		319,353
Deposits		5,385,550		5,152,789		232,761

Board of Directors Declares Dividend

On July 16, 2026, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.09 per share of SmartFinancial common stock payable on August 17, 2026, to shareholders of record as of the close of business on July 31, 2026.

Conference Call Information

SmartFinancial issued this earnings release for the second quarter of 2026 on Monday, July 20, 2026, and will host a conference call on Tuesday, July 21, 2026, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 461-5787 and enter the Meeting ID: 208 155 555. A link to a replay of the conference call will be available on the Company’s webpage through July 21, 2027. Conference call materials will be published on the Company’s webpage located at http://www.smartfinancialinc.com/CorporateProfile, at 9:00 a.m. ET prior to the conference call.

¹ Non-GAAP measure. See “Non-GAAP Financial Measures” for more information and see the Non-GAAP Reconciliations.

About SmartFinancial, Inc.

SmartFinancial, Inc., based in Knoxville, Tennessee, is the bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007, with branches across Tennessee, Alabama, and Florida and loan production offices in Tennessee and Georgia. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have contributed to SmartBank’s success. More information about SmartFinancial can be found on its website: www.smartfinancialinc.com.


Source
SmartFinancial, Inc.

Investor Contacts

Billy Carroll	Nathan Strall
President & Chief Executive Officer	Vice President and Director of Strategy & Corporate Development
Email: billy.carroll@smartbank.com	Email: nathan.strall@smartbank.com
Phone: (865) 868-0613	Phone: (865) 868-2604

Non-GAAP Financial Measures

Statements included in this earnings release include measures not recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered Non-GAAP financial measures (“Non-GAAP”) and should be read along with the accompanying tables, which provide a reconciliation of Non-GAAP financial measures to GAAP financial measures. SmartFinancial management uses several Non-GAAP financial measures and ratios derived therefrom in its analysis of the Company's performance, including:


(1) Operating earnings	(11) Operating return on average assets
(2) Operating revenue	(12) Operating PPNR return on average assets
(3) Operating noninterest income	(13) Operating return on average shareholders’ equity
(4) Operating noninterest expense	(14) Return on average tangible common equity
(5) Operating pre-provision net revenue (“PPNR”) earnings	(15) Operating return on average tangible common equity
(6) Tangible common equity	(16) Operating noninterest income/average assets
(7) Average tangible common equity	(17) Operating noninterest expense/average assets
(8) Tangible book value per common share	(18) Tangible common equity to tangible assets
(9) Tangible assets	(19) Operating earnings per common share
(10) Operating efficiency ratio

A detailed reconciliation and definition of these items and the ratios derived therefrom is available in the Non-GAAP reconciliations.

Management believes that Non-GAAP financial measures provide additional useful information that allows investors to evaluate the ongoing performance of the Company and provide meaningful comparisons to its peers. Management also believes these Non-GAAP financial measures enhance investors' ability to compare period-to-period financial results and allow investors and Company management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.

Non-GAAP financial measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider SmartFinancial's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the Company. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the results or financial condition as reported under GAAP.

Forward-Looking Statements

This news release may contain statements that are based on management’s current estimates or expectations of future events or future results, and that may be deemed to constitute forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements are not historical in nature and can generally be identified by such words as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “may,” “estimate,” and similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause the actual results of SmartFinancial to differ materially from future results expressed or implied by such forward-looking statements. Such risks, uncertainties, and other factors include, among others,

(1)

risks associated with our growth strategy, including a failure to implement our growth plans or an inability to manage our growth effectively;

(2)

claims and litigation arising from our business activities and from the companies we acquire, which may relate to contractual issues, environmental laws, fiduciary responsibility, and other matters;

(3)

general risks related to our disposition, merger and acquisition activity, including risks associated with our pursuit of future acquisitions or sales;

(4)

changes in management’s plans for the future;

(5)

prevailing, or changes in, economic or political conditions (including those resulting from the current administration and Congress), particularly in our market areas, including the effects of declines in the real estate market, high unemployment rates, inflationary pressures, elevated interest rates and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing;

(6)

our ability to anticipate interest rate changes and manage interest rate risk (including the impact of higher interest rates on macroeconomic conditions, competition, and the cost of doing business and the impact of interest rate fluctuations on our financial projections, models and guidance);

(7)

tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services);

(8)

uncertain duration of trade conflicts and the magnitude of the impact that proposed tariffs may have on our customers’ businesses;

(9)

increased technology and cybersecurity risks, including generative artificial intelligence risks;

(10)

the impact of a failure in, or breach of, our operational or security systems or infrastructure, or those of third parties with whom we do business, including as a result of cyber-attacks or an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting us and our customers;

(11)

credit risk associated with our lending activities;

(12)

changes in loan demand, real estate values, or competition;

(13)

developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance;

(14)

changes in accounting principles, policies, or guidelines;

(15)

changes in applicable laws, rules, or regulations;

(16)

adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions;

(17)

potential impacts of any adverse developments in the banking industry, including the impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto;

(18)

significant turbulence or a disruption in the capital or financial markets and the effect of a fall in stock market prices on our investment securities;

(19)

the effects of war or other conflicts;

(20)

the impact of government actions or inactions, including a prolonged shutdown of the federal government; and

(21)

other general competitive, economic, political, and market factors, including those affecting our business, operations, pricing, products, or services.

These and other factors that could cause results to differ materially from those described in the forward-looking statements can be found in SmartFinancial’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, in each case filed with or furnished to the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website (www.sec.gov). Undue reliance should not be placed on forward-looking statements. SmartFinancial disclaims any obligation to update or revise any forward-looking statements contained in this release, which speak only as of the date hereof, whether as a result of new information, future events, or otherwise.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)


	Ending Balances
	Jun		Mar		Dec		Sep		Jun
	2026		2026		2025		2025		2025
Assets:
Cash and cash equivalents	$	379,387	$	346,071	$	464,417	$	557,127	$	365,096
Securities available-for-sale, at fair value		560,065		552,083		539,882		511,095		502,150
Securities held-to-maturity, at amortized cost		119,848		120,968		122,121		123,364		124,520
Other investments		17,529		16,597		16,441		14,888		14,713
Loans held for sale		9,628		7,277		10,865		9,855		5,484
Loans and leases		4,682,935		4,518,391		4,363,582		4,222,369		4,124,062
Less: Allowance for credit losses		(45,252)		(43,950)		(40,906)		(39,074)		(39,776)
Loans and leases, net		4,637,683		4,474,441		4,322,676		4,183,295		4,084,286
Premises and equipment, net		93,314		93,360		88,387		89,250		90,204
Other real estate owned		—		—		—		—		144
Goodwill and other intangibles, net		94,417		94,871		95,328		95,807		103,588
Bank owned life insurance		121,353		120,438		119,525		118,610		117,697
Other assets		82,082		81,579		81,168		81,692		82,981
Total assets	$	6,115,306	$	5,907,685	$	5,860,810	$	5,784,983	$	5,490,863
Liabilities:
Deposits:
Noninterest-bearing demand	$	921,876	$	951,366	$	1,062,918	$	931,477	$	906,965
Interest-bearing demand		1,022,074		954,292		945,716		929,454		843,820
Money market and savings		2,454,805		2,455,945		2,273,612		2,218,313		2,124,623
Time deposits		986,795		834,633		870,543		971,653		996,712
Total deposits		5,385,550		5,196,236		5,152,789		5,050,897		4,872,120
Borrowings		603		3,178		3,009		1,301		6,966
Subordinated debt		98,805		98,733		98,662		138,604		39,726
Other liabilities		53,424		47,377		53,858		55,699		52,924
Total liabilities		5,538,382		5,345,524		5,308,318		5,246,501		4,971,736
Shareholders' Equity:
Common stock		17,098		17,098		17,029		17,028		17,018
Additional paid-in capital		296,841		296,284		295,950		295,742		295,209
Retained earnings		275,813		261,032		248,719		236,380		224,061
Accumulated other comprehensive loss		(12,941)		(12,366)		(9,319)		(10,781)		(17,274)
Total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary		576,811		562,048		552,379		538,369		519,014
Non-controlling interest - preferred stock of subsidiary		113		113		113		113		113
Total shareholders' equity		576,924		562,161		552,492		538,482		519,127
Total liabilities & shareholders' equity	$	6,115,306	$	5,907,685	$	5,860,810	$	5,784,983	$	5,490,863

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands except share and per share data)


	Three Months Ended										Six Months Ended
	Jun		Mar		Dec		Sep		Jun		Jun		Jun
	2026		2026		2025		2025		2025		2026		2025
Interest income:
Loans and leases, including fees	$	69,546	$	65,638	$	65,573	$	64,282	$	61,049	$	135,185	$	118,811
Investment securities:
Taxable		5,722		5,492		5,662		4,876		4,848		11,213		9,623
Tax-exempt		565		555		536		441		395		1,121		749
Federal funds sold and other earning assets		2,209		2,585		3,854		4,919		3,161		4,793		6,647
Total interest income		78,042		74,270		75,625		74,518		69,453		152,312		135,830
Interest expense:
Deposits		27,723		26,529		28,646		30,464		28,301		54,252		55,636
Borrowings		371		1		1		14		70		371		140
Subordinated debt		1,884		1,864		1,884		1,610		739		3,748		1,472
Total interest expense		29,978		28,394		30,531		32,088		29,110		58,371		57,248
Net interest income		48,064		45,876		45,094		42,430		40,343		93,941		78,582
Provision for credit losses		1,463		4,139		4,132		227		2,411		5,602		3,391
Net interest income after provision for credit losses		46,601		41,737		40,962		42,203		37,932		88,339		75,191
Noninterest income:
Service charges on deposit accounts		1,881		1,853		1,828		1,831		1,766		3,734		3,502
Gain (loss) on sale of securities, net		54		1		—		(3,715)		(4)		55		(4)
Mortgage banking		916		760		837		709		633		1,676		1,126
Investment services		1,724		1,796		1,683		1,690		1,440		3,520		3,209
Insurance commissions		—		—		—		1,049		1,554		—		2,967
Interchange and debit card transaction fees		1,676		1,418		1,375		1,338		1,342		3,094		2,562
Gain on sale of SBK Insurance ("SBKI")		—		—		—		3,955		—		—		—
Other		1,635		2,113		2,496		1,780		2,167		3,748		4,133
Total noninterest income		7,886		7,941		8,219		8,637		8,898		15,827		17,495
Noninterest expense:
Salaries and employee benefits		21,015		20,414		19,917		19,544		19,602		41,429		38,836
Occupancy and equipment		3,351		3,344		3,388		3,468		3,432		6,696		6,829
FDIC insurance		920		750		1,025		1,025		992		1,670		1,952
Other real estate and loan related expense		806		792		858		969		757		1,597		1,415
Advertising and marketing		408		387		393		454		390		795		772
Data processing and technology		2,683		2,436		2,413		2,594		2,651		5,119		5,309
Professional services		1,366		1,193		1,132		1,123		1,153		2,559		2,521
Amortization of intangibles		454		457		479		536		566		911		1,135
Restructuring expenses		—		—		16		1,310		—		—		—
Other		2,952		3,142		2,850		2,846		3,026		6,095		6,097
Total noninterest expense		33,955		32,915		32,471		33,869		32,569		66,871		64,866
Income before income taxes		20,532		16,763		16,710		16,971		14,261		37,295		27,820
Income tax expense		4,210		3,083		3,007		3,285		2,556		7,293		4,861
Net income	$	16,322	$	13,680	$	13,703	$	13,686	$	11,705	$	30,002	$	22,959
Earnings per common share:
Basic	$	0.97	$	0.81	$	0.82	$	0.82	$	0.70	$	1.78	$	1.37
Diluted	$	0.96	$	0.81	$	0.81	$	0.81	$	0.69	$	1.77	$	1.36
Weighted average common shares outstanding:
Basic		16,824,053		16,821,486		16,788,065		16,781,236		16,778,988		16,822,777		16,773,293
Diluted		16,961,750		16,935,530		16,922,482		16,908,920		16,878,736		16,958,496		16,875,608

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)

YIELD ANALYSIS


	Three Months Ended
	June 30, 2026						March 31, 2026						June 30, 2025
	Average				Yield/		Average				Yield/		Average				Yield/
	Balance		Interest		Cost		Balance		Interest		Cost		Balance		Interest		Cost
Assets:
Loans and leases, including fees¹	$	4,610,444	$	69,740	6.07	%	$	4,434,181	$	65,855	6.02	%	$	4,050,485	$	61,294	6.07	%
Taxable securities		595,018		5,722	3.86	%		584,608		5,492	3.81	%		562,660		4,848	3.46	%
Tax-exempt securities²		79,820		715	3.59	%		80,535		703	3.54	%		66,223		500	3.03	%
Federal funds sold and other earning assets		232,257		2,209	3.81	%		286,539		2,585	3.66	%		275,647		3,161	4.60	%
Total interest-earning assets		5,517,539		78,386	5.70	%		5,385,863		74,635	5.62	%		4,955,015		69,803	5.65	%
Noninterest-earning assets		421,371						397,680						405,804
Total assets	$	5,938,910					$	5,783,543					$	5,360,819

Liabilities and Shareholders’ Equity:
Interest-bearing demand deposits	$	954,455		3,960	1.66	%	$	955,450		3,931	1.67	%	$	835,394		3,785	1.82	%
Money market and savings deposits		2,388,259		15,982	2.68	%		2,337,523		15,236	2.64	%		2,104,236		15,762	3.00	%
Time deposits		907,250		7,781	3.44	%		841,515		7,362	3.55	%		914,658		8,754	3.84	%
Total interest-bearing deposits		4,249,964		27,723	2.62	%		4,134,488		26,529	2.60	%		3,854,288		28,301	2.95	%
Borrowings		41,272		371	3.61	%		3,549		1	0.11	%		7,783		70	3.61	%
Subordinated debt		98,761		1,884	7.65	%		98,692		1,864	7.66	%		39,714		739	7.46	%
Total interest-bearing liabilities		4,389,997		29,978	2.74	%		4,236,729		28,394	2.72	%		3,901,785		29,110	2.99	%
Noninterest-bearing deposits		923,887						931,863						898,428
Other liabilities		53,677						54,603						49,539
Total liabilities		5,367,561						5,223,195						4,849,752
Shareholders' equity		571,349						560,348						511,067
Total liabilities and shareholders' equity	$	5,938,910					$	5,783,543					$	5,360,819

Net interest income, taxable equivalent			$	48,408					$	46,241					$	40,693
Interest rate spread					2.96	%					2.90	%					2.66	%
Tax equivalent net interest margin					3.52	%					3.48	%					3.29	%

Percentage of average interest-earning assets to average interest-bearing liabilities					125.68	%					127.12	%					126.99	%
Percentage of average equity to average assets					9.62	%					9.69	%					9.53	%

¹Yields computed on tax-exempt loans on a tax equivalent basis include $194 thousand, $218 thousand, and $245 thousand of taxable equivalent income for the quarters ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively.

²Yields computed on tax-exempt instruments on a tax equivalent basis include $150 thousand, $148 thousand, and $105 thousand of taxable equivalent income for the quarters ended June 30, 2026, March 31, 2026, and June 30, 2025, respectively.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)

YIELD ANALYSIS


	Six Months Ended
	June 30, 2026							June 30, 2025
	Average				Yield/			Average				Yield/
	Balance		Interest		Cost			Balance		Interest		Cost
Assets:
Loans and leases, including fees¹	$	4,522,799	$	135,596		6.05	%	$	3,996,192	$	119,302	6.02	%
Taxable securities		589,843		11,213		3.83	%		559,306		9,623	3.47	%
Tax-exempt securities²		80,176		1,418		3.57	%		64,663		948	2.96	%
Federal funds sold and other earning assets		259,248		4,794		3.73	%		291,219		6,647	4.60	%
Total interest-earning assets		5,452,066		153,021		5.66	%		4,911,380		136,520	5.61	%
Noninterest-earning assets		409,589							405,832
Total assets	$	5,861,655						$	5,317,212

Liabilities and Shareholders’ Equity:
Interest-bearing demand deposits	$	954,950		7,891		1.67	%	$	841,077		7,528	1.80	%
Money market and savings deposits		2,363,031		31,218		2.66	%		2,084,296		30,826	2.98	%
Time deposits		874,564		15,143		3.49	%		897,889		17,282	3.88	%
Total interest-bearing deposits		4,192,545		54,252		2.61	%		3,823,262		55,636	2.93	%
Borrowings		22,515		371		3.32	%		8,000		140	3.53	%
Subordinated debt		98,727		3,748		7.66	%		39,703		1,472	7.48	%
Total interest-bearing liabilities		4,313,787		58,371		2.73	%		3,870,965		57,248	2.98	%
Noninterest-bearing deposits		927,853							891,293
Other liabilities		54,136							50,394
Total liabilities		5,295,776							4,812,652
Shareholders' equity		565,879							504,560
Total liabilities and shareholders' equity	$	5,861,655						$	5,317,212

Net interest income, taxable equivalent			$	94,650						$	79,272
Interest rate spread						2.93	%					2.62	%
Tax equivalent net interest margin						3.50	%					3.25	%

Percentage of average interest-earning assets to average interest-bearing liabilities						126.39	%					126.88	%
Percentage of average equity to average assets						9.65	%					9.49	%

¹Yields computed on tax-exempt loans on a tax equivalent basis include $412 thousand and $491 thousand of taxable equivalent income for the six months ended June 30, 2026, and June 30, 2025, respectively.

²Yields computed on tax-exempt instruments on a tax equivalent basis include $298 thousand and $199 thousand of taxable equivalent income for the six months ended June 30, 2026, and June 30, 2025, respectively.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)


	As of and for The Three Months Ended
	Jun			Mar			Dec			Sep			Jun
	2026			2026			2025			2025			2025
Composition of Loans and Leases:
Commercial real estate:
Non-owner occupied	$	1,288,115		$	1,263,455		$	1,196,758		$	1,136,080		$	1,114,133
Owner occupied		1,080,959			1,033,211			1,022,871			1,012,088			958,989
Commercial real estate, total		2,369,074			2,296,666			2,219,629			2,148,168			2,073,122
Consumer real estate		881,640			851,484			834,626			811,150			803,270
Construction & land development		516,164			478,301			419,176			390,691			391,155
Commercial & industrial		842,849			819,875			817,595			794,751			778,754
Leases		52,411			54,296			55,422			60,301			62,495
Consumer and other		20,797			17,769			17,134			17,308			15,266
Total loans and leases	$	4,682,935		$	4,518,391		$	4,363,582		$	4,222,369		$	4,124,062

Asset Quality and Additional Loan Data:
Nonperforming loans and leases	$	11,474		$	12,257		$	9,442		$	10,099		$	7,921
Other real estate owned		—			—			—			—			144
Other repossessed assets		2,754			2,798			3,248			2,444			2,397
Total nonperforming assets	$	14,228		$	15,055		$	12,690		$	12,543		$	10,462
Modified loans and leases¹ not included in nonperforming loans and leases	$	349		$	208		$	219		$	1,783		$	1,660
Net charge-offs to average loans and leases (annualized)		0.05	%		0.02	%		0.18	%		0.10	%		0.01	%
Allowance for credit losses to total loans and leases		0.97	%		0.97	%		0.94	%		0.93	%		0.96	%
Nonperforming loans and leases to total loans and leases		0.25	%		0.27	%		0.22	%		0.24	%		0.19	%
Nonperforming assets to total assets		0.23	%		0.25	%		0.22	%		0.22	%		0.19	%

Capital Ratios:
Equity to Assets		9.43	%		9.52	%		9.43	%		9.31	%		9.45	%
Tangible common equity to tangible assets (Non-GAAP)²		8.01	%		8.04	%		7.93	%		7.78	%		7.71	%

SmartFinancial, Inc.³
Tier 1 leverage		8.47	%		8.41	%		8.30	%		8.21	%		8.25	%
Common equity Tier 1		9.77	%		9.77	%		9.83	%		9.85	%		9.67	%
Tier 1 capital		9.77	%		9.77	%		9.83	%		9.85	%		9.67	%
Total capital		12.64	%		12.72	%		12.71	%		13.31	%		11.04	%

SmartBank³
Tier 1 leverage		9.86	%		9.88	%		9.71	%		9.59	%		8.88	%
Common equity Tier 1		11.38	%		11.47	%		11.51	%		11.56	%		10.41	%
Tier 1 capital		11.38	%		11.47	%		11.51	%		11.56	%		10.41	%
Total capital		12.30	%		12.41	%		12.32	%		12.37	%		11.25	%

¹Borrowers that have experienced financial difficulty. Effective as of December 31, 2025, the Call Report instructions were changed for institutions to report loan modifications to borrowers experiencing financial difficulty for a 12-month period after the modification. This change is reflected in the December 31, 2025, information and going forward.

²Total common equity less intangibles divided by total assets less intangibles. See reconciliation of Non-GAAP measures.

³ Current period capital ratios are estimated as of the date of this earnings release.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands except share and per share data)


	As of and for The															As of and for The
	Three Months Ended															Six Months Ended
	Jun			Mar			Dec			Sep			Jun			Jun			Jun
	2026			2026			2025			2025			2025			2026			2025
Selected Performance Ratios (Annualized):
Return on average assets		1.10	%		0.96	%		0.95	%		0.96	%		0.88	%		1.03	%		0.87	%
Return on average shareholders' equity		11.46	%		9.90	%		9.95	%		10.33	%		9.19	%		10.69	%		9.18	%
Return on average tangible common equity¹		13.74	%		11.93	%		12.06	%		12.79	%		11.53	%		12.85	%		11.56	%
Noninterest income / average assets		0.53	%		0.56	%		0.57	%		0.61	%		0.67	%		0.54	%		0.66	%
Noninterest expense / average assets		2.29	%		2.31	%		2.24	%		2.38	%		2.44	%		2.30	%		2.46	%
Efficiency ratio		60.69	%		61.16	%		60.91	%		66.32	%		66.14	%		60.92	%		67.51	%

Operating Selected Performance Ratios (Annualized):
Operating return on average assets¹		1.10	%		0.96	%		0.95	%		1.02	%		0.88	%		1.03	%		0.87	%
Operating PPNR return on average assets¹		1.48	%		1.47	%		1.44	%		1.29	%		1.25	%		1.47	%		1.18	%
Operating return on average shareholders' equity¹		11.43	%		9.90	%		9.96	%		10.92	%		9.19	%		10.68	%		9.18	%
Operating return on average tangible common equity¹		13.70	%		11.93	%		12.07	%		13.53	%		11.53	%		12.83	%		11.57	%
Operating efficiency ratio¹		60.38	%		60.75	%		60.45	%		63.61	%		65.66	%		60.56	%		67.02	%
Operating noninterest income / average assets¹		0.53	%		0.56	%		0.57	%		0.59	%		0.67	%		0.54	%		0.66	%
Operating noninterest expense / average assets¹		2.29	%		2.31	%		2.24	%		2.29	%		2.44	%		2.30	%		2.46	%

Selected Interest Rates and Yields:
Yield on loans and leases, excluding loan fees, FTE		5.95	%		5.93	%		6.00	%		6.05	%		5.99	%		5.94	%		5.94	%
Yield on loans and leases, FTE		6.07	%		6.02	%		6.08	%		6.14	%		6.07	%		6.05	%		6.02	%
Yield on earning assets, FTE		5.70	%		5.62	%		5.65	%		5.68	%		5.65	%		5.66	%		5.61	%
Cost of interest-bearing deposits		2.62	%		2.60	%		2.79	%		2.98	%		2.95	%		2.61	%		2.93	%
Cost of total deposits		2.15	%		2.12	%		2.26	%		2.44	%		2.39	%		2.14	%		2.38	%
Cost of interest-bearing liabilities		2.74	%		2.72	%		2.90	%		3.07	%		2.99	%		2.73	%		2.98	%
Net interest margin, FTE		3.52	%		3.48	%		3.38	%		3.25	%		3.29	%		3.50	%		3.25	%

Per Common Share:
Net income, basic	$	0.97		$	0.81		$	0.82		$	0.82		$	0.70		$	1.78		$	1.37
Net income, diluted		0.96			0.81			0.81			0.81			0.69			1.77			1.36
Operating earnings, basic¹		0.97			0.81			0.82			0.86			0.70			1.78			1.37
Operating earnings, diluted¹		0.96			0.81			0.81			0.86			0.69			1.77			1.36
Book value per common share		33.74			32.88			32.44			31.62			30.51			33.74			30.51
Tangible book value per common share¹		28.22			27.33			26.85			26.00			24.42			28.22			24.42
Common shares outstanding		17,098,473			17,098,473			17,029,317			17,028,001			17,017,547			17,098,473			17,017,547

¹Non-GAAP measure. See reconciliation of Non-GAAP measures.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)

NON-GAAP RECONCILIATIONS


	Three Months Ended															Six Months Ended
	Jun			Mar			Dec			Sep			Jun			Jun			Jun
	2026			2026			2025			2025			2025			2026			2025
Operating Earnings:
Net income (GAAP)	$	16,322		$	13,680		$	13,703		$	13,686		$	11,705		$	30,002		$	22,959
Noninterest income:
Securities (gains) losses, net		(54)			(1)			—			3,715			4			(55)			4
Gain on sale of SBKI		—			—			—			(3,955)			—			—			—
Noninterest expenses:
Restructuring expenses		—			—			16			1,310			—			—			—
Income taxes:
Income tax effect of adjustments		14			—			(4)			(276)			(1)			14			(1)
Operating earnings (Non-GAAP)	$	16,282		$	13,679		$	13,715		$	14,480		$	11,708		$	29,961		$	22,962
Operating earnings per common share (Non-GAAP):
Basic	$	0.97		$	0.81		$	0.82		$	0.86		$	0.70		$	1.78		$	1.37
Diluted		0.96			0.81			0.81			0.86			0.69			1.77			1.36

Operating Noninterest Income:
Noninterest income (GAAP)	$	7,886		$	7,941		$	8,219		$	8,637		$	8,898		$	15,827		$	17,495
Securities (gains) losses, net		(54)			(1)			—			3,715			4			(55)			4
Gain on sale of SBKI		—			—			—			(3,955)			—			—			—
Operating noninterest income (Non-GAAP)	$	7,832		$	7,940		$	8,219		$	8,397		$	8,902		$	15,772		$	17,499
Operating noninterest income (Non-GAAP)/average assets¹		0.53	%		0.56	%		0.57	%		0.59	%		0.67	%		0.54	%		0.66	%

Operating Noninterest Expense:
Noninterest expense (GAAP)	$	33,955		$	32,915		$	32,471		$	33,869		$	32,569		$	66,871		$	64,866
Restructuring expenses		—			—			(16)			(1,310)			—			—			—
Operating noninterest expense (Non-GAAP)	$	33,955		$	32,915		$	32,455		$	32,559		$	32,569		$	66,871		$	64,866
Operating noninterest expense (Non-GAAP)/average assets²		2.29	%		2.31	%		2.24	%		2.29	%		2.44	%		2.30	%		2.46	%

Operating Pre-provision Net revenue ("PPNR") Earnings:
Net interest income (GAAP)	$	48,064		$	45,876		$	45,094		$	42,430		$	40,343		$	93,941		$	78,582
Operating noninterest income (Non-GAAP)		7,832			7,940			8,219			8,397			8,902			15,772			17,499
Operating noninterest expense (Non-GAAP)		(33,955)			(32,915)			(32,455)			(32,559)			(32,569)			(66,871)			(64,866)
Operating PPNR earnings (Non-GAAP)	$	21,941		$	20,901		$	20,858		$	18,268		$	16,676		$	42,842		$	31,215

Non-GAAP Return Ratios:
Operating return on average assets (Non-GAAP)³		1.10	%		0.96	%		0.95	%		1.02	%		0.88	%		1.03	%		0.87	%
Operating PPNR return on average assets (Non-GAAP)⁴		1.48	%		1.47	%		1.44	%		1.29	%		1.25	%		1.47	%		1.18	%
Return on average tangible common equity (Non-GAAP)⁵		13.74	%		11.93	%		12.06	%		12.79	%		11.53	%		12.85	%		11.56	%
Operating return on average shareholders' equity (Non-GAAP)⁶		11.43	%		9.90	%		9.96	%		10.92	%		9.19	%		10.68	%		9.18	%
Operating return on average tangible common equity (Non-GAAP)⁷		13.70	%		11.93	%		12.07	%		13.53	%		11.53	%		12.83	%		11.57	%

Operating Efficiency Ratio:
Efficiency ratio (GAAP)		60.69	%		61.16	%		60.91	%		66.32	%		66.14	%		60.92	%		67.51	%
Adjustment for taxable equivalent yields		(0.38)	%		(0.41)	%		(0.43)	%		(0.47)	%		(0.47)	%		(0.40)	%		(0.49)	%
Adjustment for securities gains (losses)		0.07	%		—	%		—	%		(4.50)	%		(0.01)	%		0.04	%		—	%
Adjustment for sale of SBKI		—	%		—	%		—	%		5.57	%		—	%		—	%		—	%
Adjustment for restructuring cost		—	%		—	%		(0.02)	%		(3.31)	%		—	%		—	%		—	%
Operating efficiency ratio (Non-GAAP)		60.38	%		60.75	%		60.45	%		63.61	%		65.66	%		60.56	%		67.02	%

¹Operating noninterest income (Non-GAAP) is annualized and divided by average assets.

²Operating noninterest expense (Non-GAAP) is annualized and divided by average assets.

³Operating return on average assets (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average assets.

⁴Operating PPNR return on average assets (Non-GAAP) is the annualized operating PPNR earnings (Non-GAAP) divided by average assets.

⁵Return on average tangible common equity (Non-GAAP) is the annualized net income divided by average tangible common equity (Non-GAAP).

⁶Operating return on average shareholders’ equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average equity.

⁷Operating return on average tangible common equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average tangible common equity (Non-GAAP).

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)

NON-GAAP RECONCILIATIONS


	Three Months Ended
	Jun		Mar		Dec		Sep		Jun
	2026		2026		2025		2025		2025
Tangible Common Equity:
Shareholders' equity (GAAP)	$	576,924	$	562,161	$	552,492	$	538,482	$	519,127
Less goodwill and other intangible assets		94,417		94,871		95,328		95,807		103,588
Tangible common equity (Non-GAAP)	$	482,507	$	467,290	$	457,164	$	442,675	$	415,539

Average Tangible Common Equity:
Average shareholders' equity (GAAP)	$	571,349	$	560,348	$	546,489	$	525,829	$	511,067
Less average goodwill and other intangible assets		94,696		95,145		95,619		101,326		103,936
Average tangible common equity (Non-GAAP)	$	476,653	$	465,203	$	450,870	$	424,503	$	407,131

Tangible Book Value per Common Share:
Book value per common share (GAAP)	$	33.74	$	32.88	$	32.44	$	31.62	$	30.51
Adjustment due to goodwill and other intangible assets		(5.52)		(5.55)		(5.59)		(5.63)		(6.09)
Tangible book value per common share (Non-GAAP)¹	$	28.22	$	27.33	$	26.85	$	26.00	$	24.42

Tangible Common Equity to Tangible Assets:
Total Assets (GAAP)	$	6,115,306	$	5,907,685	$	5,860,810	$	5,784,983	$	5,490,863
Less goodwill and other intangibles		94,417		94,871		95,328		95,807		103,588
Tangible Assets (Non-GAAP)	$	6,020,889	$	5,812,814	$	5,765,482	$	5,689,176	$	5,387,275
Tangible common equity to tangible assets (Non-GAAP)		8.01%		8.04%		7.93%		7.78%		7.71%

¹Tangible book value per share (Non-GAAP) is computed by dividing total shareholders’ equity, less goodwill and other intangible assets, by common shares outstanding.

Exhibit 99.2

1 INVESTOR CALL 2Q 2026 July 21, 2026, 10:00am ET Webcast: www.smartbank.com (Investor Relations) Audio Only: 1 -833 -461 -5787 Access Code: 208 155 555 Miller Welborn Chairman of the Board Billy Carroll President & CEO Ron Gorczynski CFO

(i) Operating earnings (ii) Operating revenue (iii) Operating noninterest income (iv) Operating noninterest expense (v) Operating pre-provision net revenue (PPNR) earnings (vi) Tangible common equity (vii) Tangible common equity (excluding Accumulated Other Comprehensive income (AOCI)) (viii) Average tangible common equity (ix) Tangible book value per common share (x) Tangible book value per common share (excluding AOCI) (xi) Tangible assets (xii) Operating efficiency ratio (xiii) Operating return on average assets (xiv) Operating PPNR return on average assets (xv) Operating return on average shareholders’ equity (xvi) Return on average tangible common equity (xvii) Operating return on average tangible common equity (xviii) Operating noninterest income/average assets (xix) Operating noninterest expense/average assets (xx) Tangible common equity to tangible assets (xxi) Operating earnings per common share Forward-Looking Statements This presentation may contain statements that are based on management’s current estimates or expectations of future events or future results, and that may be deemed to constitute forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements on SmartFinancial Inc.’s (SmartFinancial) business and financial results and conditions, are not historical in nature and can generally be identified by such words as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “may,” “estimate,” and similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause the actual results of SmartFinancial to differ materially from future results expressed or implied by such forward-looking statements. Such risks, uncertainties, and other factors include, among others, (1) risks associated with our growth strategy, including a failure to implement our growth plans or an inability to manage our growth effectively; (2) claims and litigation arising from our business activities and from the companies we acquire, which may relate to contractual issues, environmental laws, fiduciary responsibility, and other matters; (3) general risks related to our disposition merger and acquisition activity, including risks associated with our pursuit of future acquisitions or sales; (4) changes in management’s plans for the future; (5) prevailing, or changes in, economic or political conditions (including those resulting from the current administration and Congress), particularly in our market areas, including the effects of declines in the real estate market, high unemployment rates, inflationary pressures, elevated interest rates and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; (6) our ability to anticipate interest rate changes and manage interest rate risk (including the impact of higher interest rates on macroeconomic conditions, competition, and the cost of doing business and the impact of interest rate fluctuations on our financial projections, models and guidance); (7) tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services); (8) uncertain duration of trade conflicts and the magnitude of the impact that proposed tariffs may have on our customers’ businesses; (9) increased technology and cybersecurity risks, including generative artificial intelligence risks; (10) the impact of a failure in, or breach of, our operational or security systems or infrastructure, or those of third parties with whom we do business, including as a result of cyber-attacks or an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting us and our customers; (11) credit risk associated with our lending activities; (12) changes in loan demand, real estate values, or competition; (13) developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; (14) changes in accounting principles, policies, or guidelines; (15) changes in applicable laws, rules, or regulations; (16) adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions; (17) potential impacts of any adverse developments in the banking industry, including the impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto; (18) significant turbulence or a disruption in the capital or financial markets and the effect of a fall in stock market prices on our investment securities; (19) the effects of war or other conflicts; (20) the impact of government actions or inactions, including a prolonged shutdown of the federal government; and (21) other general competitive, economic, political, and market factors, including those affecting our business, operations, pricing, products, or services. These and other factors that could cause results to differ materially from those described in the forward-looking statements can be found in SmartFinancial’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, in each case filed with or furnished to the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website (www.sec.gov). Undue reliance should not be placed on forward-looking statements. SmartFinancial disclaims any obligation to update or revise any forward-looking statements contained in this presentation, which speak only as of the date hereof, whether as a result of new information, future events, or otherwise. DISCLOSURES 2 Non-GAAP Financial Measures Statements included in this presentation include measures not recognized under U.S. generally accepted accounting principles (GAAP) and therefore are considered Non-GAAP financial measures (Non-GAAP) and should be read along with the accompanying tables, which provide a reconciliation of Non-GAAP financial measures to GAAP financial measures. SmartFinancial management uses several Non-GAAP financial measures and ratios derived therefrom in its analysis of SmartFinancial's performance, including: Unless otherwise indicated, all financial data contained in this presentation is as of 6/30/26 A detailed reconciliation and definition of these items and the ratios derived therefrom is available in the Non-GAAP. Management believes that Non-GAAP financial measures provide additional useful information that allows investors to evaluate the ongoing performance of the company and provide meaningful comparisons to its peers. Management also believes these Non-GAAP financial measures enhance investors' ability to compare period-to-period financial results and allow investors and company management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance. Non-GAAP financial measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider SmartFinancial's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the company. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the results or financial condition as reported under GAAP.

$0.69 $0.81 $0.96 $0.69 $0.81 $0.96 2Q25 1Q26 2Q26 GAAP EPS Operating Diluted EPS $30.51 $32.88 $33.74 $24.42 $27.33 $28.22 2Q25 1Q26 2Q26 BV Per Common Share TBV Per Common Share 0.88% 0.96% 1.10% 0.88% 0.96% 1.10% 2Q25 1Q26 2Q26 GAAP ROAA Operating ROAA 11.5% 11.9% 13.7% 11.5% 11.9% 13.7% 2Q25 1Q26 2Q26 ROATCE Operating ROATCE 3 Unless otherwise indicated, financial data as of or for the three months ended 6/30/26 1) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix 2) QoQ: Quarter-over-Quarter 3) “Loans” for purposes of this presentation includes all SmartFinancial loans and leases 4) Core deposits include all deposits less brokered and one-way buy CDARS deposits QUARTERLY HIGHLIGHTS: SECOND QUARTER 2026 13% QoQ2 Annualized TBV per Common Share Growth1 $0.96 Diluted Operating EPS1 1.10% Operating Return on Average Assets1 13.7% Operating Return on Average Tang. Common Equity1 60% Operating Efficiency Ratio1 6% QoQ Annualized Core Deposit Growth4 15% QoQ Annualized Organic Loan3 Growth 87% Loan / Deposit Ratio3 0.23% Non-Performing Assets / Assets $6.1 Billion in Total Assets Earnings Per Share (EPS) Book Value (BV) & Tangible Book Value (TBV) Per Common Share Return on Average Assets (ROAA) Return on Average Tangible Common Equity (ROATCE) 1 1 1 1

$11,543 $16,322 $- $2, 000 $4, 000 $6, 000 $8, 000 $10, 000 $12, 000 $14, 000 $16, 000 $18, 000 $20, 000 $0.68 $0.96 $0 $0 $0 $1 $1 $1 $42,958 $55,950 $10, 000 $20, 000 $30, 000 $40, 000 $50, 000 $60, 000 $3,099 $4,683 $100 $1, 100 $2, 100 $3, 100 $4, 100 $5, 100 $4,280 $5,386 $2, 000 $2, 500 $3, 000 $3, 500 $4, 000 $4, 500 $5, 000 $5, 500 0.10%0.23% $- $0 $0 $0 $0 $0 4 GAAP KEY MEASURE TRENDS: $ in Thousands Net Income: Diluted EPS: Total Revenue: Loans HFI: Deposits: NPAs / Assets: $ in Thousands $ in Millions $ in Millions Diluted Earnings Per Share: Net Income / Diluted Common Shares Outstanding Total Revenue: Net Interest Income + Total Non-Interest Income Loans HFI: Total Loans Held for Investment NPAs / Assets: Total Nonperforming Assets / Total Assets

$11,608 $16,282 $- $2, 000 $4, 000 $6, 000 $8, 000 $10, 000 $12, 000 $14, 000 $16, 000 $18, 000 $20, 000 $0.69 $0.96 $0 $0 $0 $0 $1 $1 $1 $1 $1 $1 $1 $15,815 $21,941 $5, 000 $10, 000 $15, 000 $20, 000 $25, 000 0.96%1.10% $- $0 $0 $0 $0 $0 $0 14.44% 13.70% $- $0 $0 $0 $0 $0 $0 $0 $0 $0 $18.02 $28.22 $16 $18 $20 $22 $24 $26 $28 $30 5 NON-GAAP KEY MEASURE TRENDS1 : 1) Operating Earnings, Operating Diluted EPS, Operating PPNR Earnings, Operating ROAA, Operating ROATCE, Tangible Book Value Per Share and Tangible Common Equity are all Non-GAAP financial measures. For a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix $ in Thousands Operating Earnings: Operating Diluted EPS: Operating PPNR Earnings: Operating ROAA: Operating ROATCE: TBV Per Common Share: $ in Thousands Operating Diluted Earnings Per Share: Operating Earnings / Diluted Common Shares Outstanding Operating Pre-Provision Net Revenue Earnings: Net Interest Income + Operating Non-Interest Income – Operating Non-Interest Expense Operating Non-Interest Income: Non-Interest Income Adjusted for Non-Operating, Non-Recurring Items Operating Non-Interest Expense: Non-Interest Expense Adjusted for Non-Operating, Non-Recurring Items Operating Return on Average Assets: Operating Earnings / Average Assets TBV Per Common Share: Tangible Common Equity / Total Common Shares Outstanding Tangible Common Equity: Total Common Equity Less Goodwill, Core Deposit and Other Intangibles Operating Earnings: Net Income Adjusted for Non-Operating, Non-Recurring Items Operating Return on Average Tangible Common Equity: Operating Earnings / Average Tangible Common Equity Tangible Common Equity: Total Common Equity Less Goodwill, Core Deposit and Other Intangibles $ in Thousands

6 SMARTFINANCIAL: EXPANDING SOUTHEAST FRANCHISE $6.1 Billion in Total Assets $4.7 Billion in Total Loans We are building a culture where Associates thrive and are empowered to be leaders. The core values that we have established as a company help us operate in unison and have become a critical part of our culture. Our Associates are key to SmartBank’s success. $5.4 Billion in Total Deposits 42 Total Branches Knoxville Nashville Huntsville Tuscaloosa Mobile Pensacola Birmingham Auburn Tallahassee Dothan Montgomery Branch Offices Current Loan Production Offices Chattanooga 1) 2026 Great Place to Work survey Panama City 1 97% Destin Columbus

$1.0 $1.1 $1.7 $2.3 $2.4 $3.3 $4.6 $4.6 $4.8 $5.3 $5.9 $6.1 $- $1 $2 $3 $4 $5 $6 $7 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 7 SMARTBANK JOURNEY: LOOKING AHEAD Validation: Scaling: Leveraging: • Focused on validating platform and substantiating market need • Completed Cornerstone merger-of-equals • Completed functional initial public offering • Began expanding commercial banking product offering • Quickly recognized the need for scale to spread operating cost over larger asset base • Focused on building scale through asset growth with emphasis on fee revenue drivers • Completed four bank acquisitions • Acquired Fountain Equipment Finance • Started dealer floor plan lending unit • Expanded into seven new de novo markets • Broadened Treasury Management and commercial banking product package • Implemented several multi-year IT infrastructure projects • Consolidated inconsistent legacy products, services and operational procedures • Focus on leveraging existing investments to efficiently deploy capital and enhance EPS and ROATCE • Strategic hiring supported by existing infrastructure • Further investment in commercial banking business • Heightened focus on commercial sales process • Targeted business relationship generation and client profitability profiles • Operational and product enhancement and delivery in key areas (Treasury Management, digital capabilities, etc.) • M&A focus shifted to strategic and/or “needle moving” opportunities $ in Billions, unless otherwise indicated Strategic Focus: Leverage Existing Infrastructure Investments to Drive Profitability and Optimize Efficiency

MARKET AREA: BUILDING DENSITY IN ATTRACTIVE SOUTHEAST MARKETS 8 ► Production Team: 46 ► Loans: 58% ► Deposits: 60% ► ’21-’26 Growth: 10% Tennessee Source: S&P Market Intelligence; U.S. Census; https://www.cnbc.com/americas-top-states-for-business/ 1) Production team includes relationship managers, market leaders, regional and divisional presidents responsible for meeting business production goals 2) Market loan and deposit percentages shown as a percentage of the total loans and deposits of SmartBank as of 6/30/26, respectively 3) 12/31/21 – 6/30/26 Compound Annualized Growth Rate based on market loan growth over the time period Profile by Market Area: Abundant Organic Opportunity US Population Migration: Strong Migration into Great Markets 1,2,3 ► Production Team: 30 ► Loans: 27% ► Deposits: 32% ► ’21-’26 Growth: 25% Alabama ► Production Team: 15 ► Loans: 15% ► Deposits: 9% ► ’21-’26 Growth: 12% Coastal Projected Population CAGR through 2030 AMERICA’S TOP STATES FOR BUSINESS 2026 N. CAROLINA: #2 GEORGIA: #7 FLORIDA: #8 TENNESSEE: #9 ALABAMA: #21 S. CAROLINA: #23 Knoxville Nashville Huntsville Pensacola Birmingham Tallahassee Montgomery Chattanooga Mobile Auburn Dothan Tuscaloosa Panama City >0.75% 0.75% to 0.50% 0.50% to 0.00% <0.00% Southeast Population Growth Expected to Continue Columbus Destin

$2,693 $3,254 $3,444 $3,906 $4,364 $4,518 $4,683 5.43% 5.86% 5.98% 5.93% 5.95% 5. 00% 5. 20% 5. 40% 5. 60% 5. 80% 6. 00% 6. 20% 6. 40% $- $500 $1, 000 $1, 500 $2, 000 $2, 500 $3, 000 $3, 500 $4, 000 $4, 500 2021Y 2022Y 2023Y 2024Y 2025Y 1Q26 2Q26 23% 24% 23% 23% 23% 27% 27% 27% 28% 28% 19% 19% 19% 18% 18% 9% 9% 10% 11% 11% 19% 19% 19% 19% 19% $4,124 $4,222 $4,364 $4,518 $4,683 2Q25 3Q25 4Q25 1Q26 2Q26 CRE, OO CRE, NOO C&I C&D Consumer RE Leases & Other 9 LOAN PORTFOLIO: SOLID MARKETS PROVIDING OPPORTUNITY Total Loans CAGR of 13% Since 2021 $ in Millions, unless otherwise indicated Average Loan Yield (excluding accretion & fees) Loan Composition History of Consistent Organic Growth

1-4 Family (NOO) 20% Resi/Comm Land Dev. 13% Resi/Comm Land 17% CRE (OO) 19% CRE (NOO) 17% Multifamily 19% Hotel & Hospitality 32% Retail Space 11% Office Space 15% Misc. 15% 10 LOAN CONCENTRATION: WELL BALANCED EXPOSURE Non-Owner Occupied CRE Exposure By Segment Highly Diversified with Seasoned Client Base Construction & Development Exposure By Type1 Concentration Risk Closely Monitored 1) 1-4 Family (OO) includes owner-occupied primary and secondary residence construction loans; 1-4 Family (NOO) includes speculative and investment property residential construction loans; Resi/Comm Land Dev. includes primary, secondary, investment and commercial land development loans; Resi/Comm Land includes residential and commercial improved and unimproved land loans; Multifamily includes 5 or more residential property loans; CRE (OO) includes construction loans for owner-occupied commercial real estate including hotel & hospitality, retail, office, industrial & warehouse, self-storage and other commercial real estate; CRE (NOO) includes construction loans for non-owner occupied commercial real estate including hotel & hospitality, retail, office, industrial & warehouse, self-storage and other commercial real estate 2) Amortized cost balance shown $1.3 Billion2 - 28% of Total Loans $517 Million2 - 11% of Total Loans

$10,462 $12,543 $12,690 $15,055 $14,228 0.19% 0.22% 0.22% 0.25% 0.23% - 0.10% 0.10% 0.30% 0.50% 0.70% 0.90% 1.10% 1.30% 1.50% $- $2, 000 $4, 000 $6, 000 $8, 000 $10, 000 $12, 000 $14, 000 $16, 000 $18, 000 $20, 000 2Q25 3Q25 4Q25 1Q26 2Q26 Nonperforming Loans and Leases OREO & Other Repos Nonperforming Assets / Total Assets 301% 271% 277% 288% 293% 78% 69% 71% 79% 83% 0% 50% 100% 150% 200% 250% 150% 170% 190% 210% 230% 250% 270% 290% 310% 330% 350% 2Q25 3Q25 4Q25 1Q26 2Q26 CRE Loans / Capital C&D Loans / Capital $12,882 $15,728 $15,797 $15,975 $17,805 0.31% 0.37% 0.36% 0.35% 0.38% - 0.10% 0.10% 0.30% 0.50% 0.70% 0.90% 1.10% 1.30% 1.50% 1.70% $2, 000 $4, 000 $6, 000 $8, 000 $10, 000 $12, 000 $14, 000 $16, 000 $18, 000 $20, 000 $22, 000 $24, 000 2Q25 3Q25 4Q25 1Q26 2Q26 Total Delinquent & Nonaccrual Loans & Leases Total Delinquent & Nonaccrual Loans & Leases / Total Loans & Leases 0.24% 0.25% 0.24% 0.25% 0.22% 0.01% 0.10% 0.18% 0.02% 0.05% - 0.10% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 2Q25 3Q25 4Q25 1Q26 2Q26 Classified Loans and Leases / Total Loans & Leases Net Chargeoffs $39,776 $39,074 $40,906 $43,950 $45,252 0.96% 0.93% 0.94% 0.97% 0.97% 0.70% 0.80% 0.90% 1.00% 1.10% 1.20% 1.30% 1.40% 1.50% $- $2, 000 $4, 000 $6, 000 $8, 000 $10, 000 $12, 000 $14, 000 $16, 000 $18, 000 $20, 000 $22, 000 $24, 000 $26, 000 $28, 000 $30, 000 $32, 000 $34, 000 $36, 000 $38, 000 $40, 000 $42, 000 $44, 000 $46, 000 $48, 000 $50, 000 $52, 000 $54, 000 $56, 000 $58, 000 $60, 000 2Q25 3Q25 4Q25 1Q26 2Q26 Allowance for Credit Losses (ACL) ACL / Loans HFI 11 Credit Quality Delinquent and Nonaccruals / Total Loans Nonperforming Assets Commercial Real Estate Concentration ASSET QUALITY: STRONG UNDERWRITING PAYS DIVIDENDS $ in Thousands, unless otherwise indicated Allowance Reconciliation

$4,022 $4,077 $4,268 $4,686 $5,153 $5,196 $5,386 2.00% 2.51% 2.36% 2.12% 2.15% 1. 40% 1. 90% 2. 40% 2. 90% 3. 40% $- $1, 000 $2, 000 $3, 000 $4, 000 $5, 000 2021Y 2022Y 2023Y 2024Y 2025Y 1Q26 2Q26 19% 18% 21% 18% 17% 17% 18% 18% 18% 19% 44% 44% 44% 47% 46% 20% 19% 17% 16% 18% $4,872 $5,051 $5,153 $5,196 $5,386 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest Demand Interest-Bearing Demand Money Market and Savings Time Deposits 12 DEPOSIT PORTFOLIO: DEFENDING DEPOSIT MARKET SHARE Total Deposits Loans to Deposits Ratio of 87% $ in Millions, unless otherwise indicated Average Total Deposit Cost Deposit Composition Focused on Core Relationship Growth

$78 $207 $8 $98 $39 $129 $29 $89 $21 $- $50 $100 $150 $200 $250 $300 $350 UST/Agency MBS Fixed ARM CMO Fixed CMO Float Agen CMBS Small Bus Municipal Corporate 3.41% 3.44% 3.81% 3.78% 3.83% 2.50% 3.00% 3.50% 4.00% 4.50% 2Q25 3Q25 4Q25 1Q26 2Q26 Sec. Yield (AFS/HTM) 13 SECURITIES DETAIL: STRONG PORTFOLIO YIELD AND LIQUIDITY $ in Millions, unless otherwise indicated Portfolio Summary Weighted Average Portfolio Yield Portfolio Mix by Book Value Risk Averse Portfolio Designed for Liquidity $697 Million Book Value 3.71% Book Yield ($30) Million Unrealized Loss • ($17) Million in Available-for-Sale Securities (AFS) • ($13) Million in Held-to-Maturity (HTM) 5.7 Year Average Life 4.1% Effective Duration 85% / 15% (AFS / HTM) 1 1) Based on the weighted average of the AFS & HTM securities portfolio. Yields related to investment securities exempt from income taxes are stated on a taxable-equivalent basis assuming a federal income tax rate of 21.0%

14 REPRICING SCHEDULE: YIELD ENHANCEMENT UNDERWAY $534 Million in Fixed Rate Loans Yielding 4.97% Maturing by 2027 Year End $164 Million in Adjustable-Rate Loans Yielding 4.95% Maturing or Repricing by 2027 Year End FYE 2029 & ($ in millions) 3Q26 4Q26 1Q27 2Q27 3Q27 4Q27 2028 Beyond Loan Repricing Schedule: Fixed Rate Loans $ 120 $ 82 $ 91 $ 48 $ 85 $ 109 $ 264 $ 1,130 Weighted Average Yield 5.04% 4.45% 4.90% 5.01% 5.16% 5.17% 5.47% 5.80% Adjustable Rate Loans $ 15 $ 41 $ 31 $ 36 $ 14 $ 28 $ 50 $ 477 Weighted Average Yield 4.47% 5.23% 4.91% 4.85% 4.71% 5.11% 6.02% 6.40% Investment Cashflow Schedule: Principal Cashflow $ 19 $ 15 $ 16 $ 15 $ 16 $ 16 $ 65 $ 544 Yield Roll-Off 4.03% 3.63% 3.72% 3.79% 3.73% 4.36% 3.75% 3.76% Quarterly

Total Amount Net Available Used Availability Current On-Balance Sheet: Cash & Cash Equiv. $379 $0 $379 Securities Eligible for Liquidity 680 351 329 Available Sources of Liquidity: Fed Funds 121 0 121 FHLB 1,016 392 624 FRB 377 0 377 HC LoC 35 0 35 Total Liquidity $2,608 $743 $1,865 103% 100% Peer Average SMBK 87% 87% Peer Average SMBK 15 LIQUIDITY OVERVIEW: PRUDENTLY MANAGING LIQUIDITY 1) Peer average based on most recently reported period results for each peer; peers include major exchange traded banks in the Southeast with assets between $2.5 billion and $10.0 billion 2) Includes all securities available to be pledged as collateral or freely tradable; amount used represents total amount of securities pledged as collateral at quarter end 3) Federal Reserve Board discount window borrowing capacity shown as of 6/30/26 4) Uninsured deposits are defined as non-collateralized, non-reciprocal deposits above the FDIC deposit insurance limit Source: S&P Global Loan + Securities / Deposit Ratio (Most Recent Quarter Period End) Loan / Deposit Ratio (Most Recent Quarter Period End) Other Liquidity Sources Access to a Variety of Funding Robust Liquidity on Hand $1.9 Billion in Untapped Liquidity Sources $708 Million in On-Balance Sheet Liquidity 1.3x Liquidity to Uninsured Deposit Ratio4 1 1 $ in Millions, unless otherwise indicated 3 2

2Q25 3Q25 4Q25 1Q26 2Q26 Cash Yield 4.60% 4.56% 3.98% 3.66% 3.81% Sec. Yield (AFS & HTM)1 3.41% 3.44% 3.81% 3.78% 3.83% Loans (less Accr. & Fees) 5.99% 6.05% 6.00% 5.93% 5.95% Loan Accr. & Fees 0.08% 0.09% 0.08% 0.09% 0.12% Loan Yield (incl. Accr. & Fees) 6.07% 6.14% 6.08% 6.02% 6.07% IE Asset Yield 5.65% 5.68% 5.65% 5.62% 5.70% Net Interest Margin (FTE) 3.29% 3.25% 3.38% 3.48% 3.52% $365 $557 $464 $346 $379 $627 $634 $662 $673 $680 11.4% 11.0% 11.3% 11.4% 11.1% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% $- $100 $200 $300 $400 $500 $600 $700 $800 $900 2Q25 3Q25 4Q25 1Q26 2Q26 Cash and Cash Equiv. Securities (AFS/HTM) Securities (AFS/HTM) / Total Assets $40,343 $42,430 $45,094 $45,876 $48,064 $8,902 $8,397 $8,219 $7,940 $7,832 $49,245 $50,827 $53,313 $53,816 $55,896 3.29% 3.25% 3.38% 3.48% 3.52% $18, 000 $23, 000 $28, 000 $33, 000 $38, 000 $43, 000 $48, 000 $53, 000 3.00% 3.10% 3.20% 3.30% 3.40% 3.50% 3.60% 3.70% 3.80% 2Q25 3Q25 4Q25 1Q26 2Q26 Net Interest Income Operating Noninterest Income Net Interest Margin (FTE) 16 LIQUIDITY MANAGEMENT: MARGIN INFLECTION CONTINUES Cash and Securities Margin / Operating Revenue2 1) Based on the weighted average of the AFS/HTM securities portfolio. Yields related to investment securities exempt from income taxes are stated on a taxable-equivalent basis assuming a federal income tax rate of 21.0% 2) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix 2 $ in Millions, unless otherwise indicated $ in Thousands, unless otherwise indicated

$(1,811), -0.9% $(1,682), -0.9% $1,536 , 0.8% Interest Income % Change Shock -200bps Shock -100bps Shock +100bps $(1,204), -0.6% $(792), -0.4% $848 , 0.4% Interest Income % Change Ramp -200bps Ramp -100bps Ramp +100bps 41% 18% 41% Fixed Rate LT Variable ST Variable 17 INTEREST RATE SENSITIVITY Fixed vs. Variable Rate Loans Static Shock / Rate Ramp Analysis1 1) Based on 12-month static rate shock and ramp analysis as of 6/30/26. These estimates of changes in SmartFinancial’s net interest income require us to make certain assumptions including loan and mortgage-related investment prepayment speeds, reinvestment rate, deposit maturities and decay rates. These assumptions are inherently uncertain and, as a result, we cannot precisely predict the impact of changes in interest rates on net interest income. Although our analysis provides an indication of our interest rate risk exposure at a particular point in time, such estimates are not intended to, and do not, provide a precise forecast of the effect of changes in market interest rates and will differ from actual results $1.9 Billion Fixed Rate Loans $2.8 Billion Variable Rate Loans • $1.9 Billion Short-Term Variable Rate (Resetting within 1 - 3 Months) • $851 Million Long-Term Variable Rate (Resets > 3 Months) $ in Millions, unless otherwise indicated $ in Thousands, unless otherwise indicated

$8,902 $8,397 $8,219 $7,940 $7,832 2Q25 3Q25 4Q25 1Q26 2Q26 Other Noninterest Income Mortgage Banking Income Investment Services Income Interchange Fees Service Charges on Deposit Accounts Insurance Commissions 18 REVENUE DIVERSIFICATION: LINE OF BUSINESS & FEE INCOME EXPANSION Operating Noninterest Income1 Focused on Recurring Fee Income 1) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix Differentiated Revenue Streams Building a Family of Diversified Revenue Generators $ in Thousands, unless otherwise indicated $7,348 $7,348 Operating Noninterest Income Excluding Insurance Commissions Wealth & Private Banking ~$1.6 Billion in Assets Under Management Treasury Management >$700 Million in Analyzed Deposits Floor Plan Lending ~$285 Million in Commitments Mortgage Banking $35 Million in 2026 Q2 Secondary Production Equipment Finance $135 Million in Outstanding Loans and Leases

66% 64% 60% 61% 60% 2Q25 3Q25 4Q25 1Q26 2Q26 Operating Efficiency Ratio $32,569 $32,559 $32,455 $32,915 $33,955 2Q25 3Q25 4Q25 1Q26 2Q26 Salaries & Benefits Occupancy & Equipment Data Processing & Technology Professional Services Amortization of Intangibles Other Noninterest Expense 19 1) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix OPERATING EXPENSE: FOCUS ON EXPENSE CONTAINMENT Operating Efficiency Ratio1 Operating Noninterest Expense1 1 $ in Thousands, unless otherwise indicated

$19.26 $19.09 $20.76 $22.85 $26.85 $28.22 $19.17 $21.18 $22.29 $24.25 $27.39 $28.98 $15. 00 $17. 00 $19. 00 $21. 00 $23. 00 $25. 00 $27. 00 $29. 00 $31. 00 2021Y 2022Y 2023Y 2024Y 2025Y 2Q26 TBVPCS Adj. TBVPCS (Excl. AOCI) 7.7% 7.8% 7.9% 8.0% 8.0% 2Q25 3Q25 4Q25 1Q26 2Q26 9.7% 9.9% 9.8% 9.8% 9.8% 2Q25 3Q25 4Q25 1Q26 2Q26 8.3% 8.2% 8.3% 8.4% 8.5% 2Q25 3Q25 4Q25 1Q26 2Q26 11.1% 13.3% 12.7% 12.7% 12.6% 2Q25 3Q25 4Q25 1Q26 2Q26 CAPITAL: WELL CAPITALIZED – BUILDING BOOK VALUE 1) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix 20 Note: Capital ratio data as of the most recent period ended 6/30/26 TCE / TA1 CET1 Ratio Total Capital Ratio Leverage Ratio Basel III Regulatory Capital Minimum To Be Considered “Well Capitalized” Building Shareholder Value Tangible Book Value Per Common Share (TBVPCS)1 $9.81 TBVPCS1 Created 2021 – 2026 (Excluding Accumulated Other Comprehensive Income) $0.09 2026 Per Share Quarterly Dividend 5% Well Capitalized 10% Well Capitalized 6.5% Well Capitalized 1 1

WHY SMARTBANK: INVESTMENT HIGHLIGHTS 21 Franchise Scarcity Value – Building Southeast Density Engaged Management Team Stable Markets Experiencing Population Expansion Valuable Deposit Base Growing Business Lines with Revenue Diversification Solid Credit Quality and Underwriting History of Defending Book Value and Delivering Shareholder Value $

APPENDIX 22

1Q26 2Q25 ($ in thousands, except per share data) 2Q26 1Q26 2Q25 % Chg. % Chg. Net Interest Income $ 48,064 $ 45,876 $ 40,343 5% 19% Provision for Credit Losses 1,463 4,139 2,411 Noninterest Income 7,886 7,941 8,898 (1%) (11%) Noninterest Expense 33,955 32,915 32,569 3% 4% Income Tax Expense 4,210 3,083 2,556 Net Income (GAAP) $ 16,322 $ 13,680 $ 11,705 19% 39% Non-GAAP Reconciliations Noninterest Income (54) (1) 4 Noninterest Expense - - - Income Tax Effect Of Adjustments 14 0 (1) Operating Earnings (Non-GAAP) $ 16,282 $ 13,679 $ 11,708 19% 39% Operating PPNR Earnings (Non-GAAP) $ 21,941 $ 20,901 $ 16,676 5% 32% 1Q26 2Q25 Non-GAAP Performance Metrics 2Q26 1Q26 2Q25 % Chg. % Chg. Diluted Operating Earnings Per Share $ 0.96 $ 0.81 $ 0.69 18% 38% Tangible Book Value Per Common Share $ 28.22 $ 27.33 $ 24.42 3% 16% Operating Return on Average Assets 1.10% 0.96% 0.88% Operating PPNR Return on Average Assets 1.48% 1.47% 1.25% Operating Return on Average Tang. Common Equity 13.7% 11.9% 11.5% Operating Efficiency Ratio 60.4% 60.7% 65.7% 2Q26 vs. 2Q26 vs. 23 Note: For a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix; percentage change may differ due to rounding INCOME STATEMENT: DETAILED SECOND QUARTER RESULTS

NON-GAAP RECONCILIATION 24 $ in Thousands, unless otherwise indicated 1. Operating return on average assets (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average assets. 2. Operating PPNR return on average assets (Non-GAAP) is the annualized operating PPNR earnings (Non-GAAP) divided by average assets. 3. Return on average tangible common equity (Non-GAAP) is the annualized net income divided by average tangible common equity (Non-GAAP). 4. Operating return on average shareholders’ equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average shareholder equity. 5. Operating return on average tangible common equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average tangible common equity (Non-GAAP). Note: Totals may not add due to rounding 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Operating Earnings Net Income (GAAP) $ 16,322 $ 13,680 $ 13,703 $ 13,686 $ 11,705 $ 11,254 $ 9,640 $ 9,140 Noninterest Income: Securities (Gains) Losses (54) (1) - 3,715 4 - (64) - Gain on Sale of Branch Building - - - - - - - - Gain on Sale of SBKI - - - (3,955) - - - - Noninterest Expenses: Donation of a Former Branch Location - - - - - - - - Accruals For Pending Litigation - - - - - - - - Merger Related And Restructuring Expenses - - 16 1,310 - - - - Income Taxes: Income Tax Effect Of Adjustments 14 0 (4) (276) (1) - 17 - Operating Earnings (Non-GAAP) $ 16,282 $ 13,679 $ 13,715 $ 14,480 $ 11,708 $ 11,254 $ 9,593 $ 9,140 Operating Earnings Per Common Share (Non-GAAP): Basic $ 0.97 $ 0.81 $ 0.82 $ 0.86 $ 0.70 $ 0.67 $ 0.57 $ 0.55 Diluted 0.96 0.81 0.81 0.86 0.69 0.67 0.57 0.54 Operating Noninterest Income Noninterest Income (GAAP) $ 7,886 $ 7,941 $ 8,219 $ 8,637 $ 8,898 $ 8,597 $ 9,030 $ 9,139 Securities (Gains) Losses (54) (1) - 3,715 4 - (64) - Gain on Sale of Branch Building - - - - - - - - Gain on Sale of SBKI - - - (3,955) - - - - Operating Noninterest Income (Non-GAAP) $ 7,832 $ 7,940 $ 8,219 $ 8,397 $ 8,902 $ 8,597 $ 8,966 $ 9,139 Operating Noninterest Expense Noninterest Expense (GAAP) $ 33,955 $ 32,915 $ 32,471 $ 33,869 $ 32,569 $ 32,296 $ 32,291 $ 30,846 Donation of a Former Branch Location - - - - - - - - Accruals For Pending Litigation - - - - - - - - Merger Related And Restructuring Expenses - - (16) (1,310) - - - - Operating Noninterest Expense (Non-GAAP) $ 33,955 $ 32,915 $ 32,455 $ 32,559 $ 32,569 $ 32,296 $ 32,291 $ 30,846 Operating Revenue Net Interest Income (GAAP) $ 48,064 $ 45,876 $ 45,094 $ 42,430 $ 40,343 $ 38,238 $ 37,783 $ 35,032 Operating Noninterest Income (Non-GAAP) 7,832 7,940 8,219 8,397 8,902 8,597 8,966 9,139 Operating Revenue (Non-GAAP) 55,896 53,816 53,313 50,827 49,245 46,835 46,749 44,171 Operating Pre-Provision Net Revenue ("PPNR") Earnings Operating Revenue (Non-GAAP) $ 55,896 $ 53,816 $ 53,313 $ 50,827 $ 49,245 $ 46,835 $ 46,749 $ 44,171 Operating Noninterest Expense (Non-GAAP) (33,955) (32,915) (32,455) (32,559) (32,569) (32,296) (32,291) (30,846) Operating PPNR Earnings (Non-GAAP) $ 21,941 $ 20,901 $ 20,858 $ 18,268 $ 16,676 $ 14,539 $ 14,458 $ 13,325 Non-GAAP Return Ratios Operating Return On Average Assets (Non-GAAP)(1) 1.10% 0.96% 0.95% 1.02% 0.88% 0.87% 0.75% 0.74% Operating PPNR Return On Average Assets (Non-GAAP)(2) 1.48% 1.47% 1.44% 1.29% 1.25% 1.12% 1.13% 1.08% Return On Average Tangible Common Equity (Non-GAAP)(3) 13.74% 11.93% 12.06% 12.79% 11.53% 11.60% 9.99% 9.75% Operating Return On Average Shareholders' Equity (Non-GAAP)(4) 11.43% 9.90% 9.96% 10.92% 9.19% 9.17% 7.80% 7.60% Operating Return On Average Tangible Common Equity (Non-GAAP)(5) 13.70% 11.93% 12.07% 13.53% 11.53% 11.60% 9.94% 9.75% Operating Efficiency Ratio Efficiency Ratio (GAAP) 60.69% 61.16% 60.91% 66.32% 66.14% 68.96% 68.98% 69.83% Adjustment For Taxable Equivalent Yields (0.38%) (0.41%) (0.43%) (0.47%) (0.47%) (0.50%) (0.49%) (0.55%) Adjustment For Securities (Gains) Losses 0.07% - - (4.50%) (0.01%) - 0.09% - Adjustment For Sale of Branch Building - - - - - - - - Adjustment For Sale of SBKI / Donation of a Former Branch Location - - - 5.57% - - - - Adjustment For Accruals For Pending Litigation - - - - - - - - Adjustment For Merger Expenses - - (0.02%) (3.31%) - - - - Operating Efficiency Ratio (Non-GAAP) 60.38% 60.75% 60.45% 63.61% 65.66% 68.46% 68.58% 69.28%

NON-GAAP RECONCILIATION 25 $ in Thousands, unless otherwise indicated 1. Operating return on average assets (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average assets. 2. Operating PPNR return on average assets (Non-GAAP) is the annualized operating PPNR earnings (Non-GAAP) divided by average assets. 3. Return on average tangible common equity (Non-GAAP) is the annualized net income divided by average tangible common equity (Non-GAAP). 4. Operating return on average shareholders’ equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average shareholder equity. 5. Operating return on average tangible common equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average tangible common equity (Non-GAAP). Note: Totals may not add due to rounding 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 Operating Earnings Net Income (GAAP) $ 8,003 $ 9,358 $ 6,190 $ 2,067 $ 8,836 $ 11,500 $ 13,004 $ 11,543 Noninterest Income: Securities (Gains) Losses - - - 6,801 - - (144) - Gain on Sale of Branch Building (283) (1,346) - - - - - - Gain on Sale of SBKI - - - - - - - - Noninterest Expenses: Donation of a Former Branch Location - - 250 - - - - - Accruals For Pending Litigation - - 675 - - - - - Merger Related And Restructuring Expenses - - - 110 - - (45) 87 Income Taxes: Income Tax Effect Of Adjustments 73 348 (239) (1,785) - - 49 (22) Operating Earnings (Non-GAAP) $ 7,793 $ 8,360 $ 6,876 $ 7,193 $ 8,836 $ 11,500 $ 12,864 $ 11,608 Operating Earnings Per Common Share (Non-GAAP): Basic $ 0.47 $ 0.50 $ 0.41 $ 0.43 $ 0.53 $ 0.69 $ 0.77 $ 0.69 Diluted 0.46 0.49 0.41 0.43 0.52 0.68 0.76 0.69 Operating Noninterest Income Noninterest Income (GAAP) $ 7,604 $ 8,380 $ 7,579 $ 691 $ 7,130 $ 6,925 $ 7,125 $ 6,250 Securities (Gains) Losses - - - 6,801 - - (144) - Gain on Sale of Branch Building (283) (1,346) - - - - - - Gain on Sale of SBKI - - - - - - - - Operating Noninterest Income (Non-GAAP) $ 7,321 $ 7,034 $ 7,579 $ 7,492 $ 7,130 $ 6,925 $ 6,981 $ 6,250 Operating Noninterest Expense Noninterest Expense (GAAP) $ 29,201 $ 28,553 $ 29,695 $ 28,516 $ 27,410 $ 27,529 $ 27,416 $ 27,230 Donation of a Former Branch Location - - (250) - - - - - Accruals For Pending Litigation - - (675) - - - - - Merger Related And Restructuring Expenses - - - (110) - - 45 (87) Operating Noninterest Expense (Non-GAAP) $ 29,201 $ 28,553 $ 28,770 $ 28,406 $ 27,410 $ 27,529 $ 27,461 $ 27,143 Operating Revenue Net Interest Income (GAAP) $ 32,814 $ 31,721 $ 31,517 $ 31,006 $ 31,575 $ 35,982 $ 37,612 $ 36,708 Operating Noninterest Income (Non-GAAP) 7,321 7,034 7,579 7,492 7,130 6,925 6,981 6,250 Operating Revenue (Non-GAAP) 40,135 38,755 39,096 38,498 38,705 42,907 44,593 42,958 Operating Pre-Provision Net Revenue ("PPNR") Earnings Operating Revenue (Non-GAAP) $ 40,135 $ 38,755 $ 39,096 $ 38,498 $ 38,705 $ 42,907 $ 44,593 $ 42,958 Operating Noninterest Expense (Non-GAAP) (29,201) (28,553) (28,770) (28,406) (27,410) (27,529) (27,461) (27,143) Operating PPNR Earnings (Non-GAAP) $ 10,934 $ 10,202 $ 10,326 $ 10,092 $ 11,295 $ 15,378 $ 17,132 $ 15,815 Non-GAAP Return Ratios Operating Return On Average Assets (Non-GAAP)(1) 0.64% 0.69% 0.57% 0.60% 0.75% 0.97% 1.10% 0.96% Operating PPNR Return On Average Assets (Non-GAAP)(2) 0.90% 0.84% 0.86% 0.84% 0.96% 1.30% 1.46% 1.30% Return On Average Tangible Common Equity (Non-GAAP)(3) 8.94% 10.62% 7.18% 2.43% 10.57% 14.45% 16.65% 14.36% Operating Return On Average Shareholders' Equity (Non-GAAP)(4) 6.72% 7.29% 6.07% 6.41% 7.98% 10.79% 12.15% 10.83% Operating Return On Average Tangible Common Equity (Non-GAAP)(5) 8.70% 9.49% 7.98% 8.46% 10.57% 14.45% 16.47% 14.44% Operating Efficiency Ratio Efficiency Ratio (GAAP) 72.25% 71.20% 75.95% 89.96% 70.82% 64.16% 61.28% 63.39% Adjustment For Taxable Equivalent Yields (0.63%) (0.17%) (0.18%) (0.27%) (0.18%) (0.14%) (0.22%) (0.25%) Adjustment For Securities (Gains) Losses - - - (15.89%) - - 0.20% - Adjustment For Sale of Branch Building 0.51% 2.46% - - - - - - Adjustment For Sale of SBKI / Donation of a Former Branch Location - - (0.64%) - - - - - Adjustment For Accruals For Pending Litigation - - (1.72%) - - - - - Adjustment For Merger Expenses - - - (0.20%) - - 0.10% (0.21%) Operating Efficiency Ratio (Non-GAAP) 72.13% 73.50% 73.41% 73.60% 70.64% 64.02% 61.36% 62.93%

NON-GAAP RECONCILIATION 1. Tangible book value per share (Non-GAAP) is computed by dividing total stockholder’s equity, less goodwill and other intangible assets, by common shares outstanding. 26 Note: Totals may not add due to rounding $ in Thousands, unless otherwise indicated 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Tangible Common Equity: Shareholders' Equity (GAAP) $ 576,924 $ 562,161 $ 552,492 $ 538,482 $ 519,127 $ 505,941 $ 491,461 $ 489,023 Less Goodwill And Other Intangible Assets 94,417 94,871 95,328 95,807 103,588 104,154 104,723 105,324 Tangible Common Equity (Non-GAAP) $ 482,507 $ 467,290 $ 457,164 $ 442,675 $ 415,539 $ 401,787 $ 386,738 $ 383,699 Average Tangible Common Equity: Average Shareholders' Equity (GAAP) $ 571,349 $ 560,348 $ 546,489 $ 525,829 $ 511,067 $ 497,980 $ 489,172 $ 478,642 Less Goodwill And Other Intangible Assets 94,696 95,145 95,619 101,326 103,936 104,504 105,093 105,701 Average Tangible Common Equity (Non-GAAP) $ 476,653 $ 465,203 $ 450,870 $ 424,503 $ 407,131 $ 393,476 $ 384,079 $ 372,941 Tangible Book Value Per Common Share: Book Value Per Common Share (GAAP) $ 33.74 $ 32.88 $ 32.44 $ 31.62 $ 30.51 $ 29.73 $ 29.04 $ 28.89 Adjustment Due To Goodwill And Other Intangible Assets (5.52) (5.55) (5.59) (5.63) (6.09) (6.12) (6.19) (6.22) Tangible Book Value Per Common Share (Non-GAAP)(1) $ 28.22 $ 27.33 $ 26.85 $ 26.00 $ 24.42 $ 23.61 $ 22.85 $ 22.67 Tangible Common Equity To Tangible Assets: Total Assets (GAAP) $ 6,115,306 $ 5,907,685 $ 5,860,810 $ 5,784,983 $ 5,490,863 $ 5,411,217 $ 5,275,904 $ 4,908,934 Less Goodwill And Other Intangibles 94,417 94,871 95,328 95,807 103,588 104,154 104,723 105,324 Tangible Assets (Non-GAAP) $ 6,020,889 $ 5,812,814 $ 5,765,482 $ 5,689,176 $ 5,387,275 $ 5,307,063 $ 5,171,181 $ 4,803,610 Tangible Common Equity To Tangible Assets (Non-GAAP): 8.01% 8.04% 7.93% 7.78% 7.71% 7.57% 7.48% 7.99% 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 Tangible Common Equity: Shareholders' Equity (GAAP) $ 472,465 $ 466,796 $ 459,886 $ 446,652 $ 444,847 $ 443,399 $ 432,452 $ 414,711 Less Goodwill And Other Intangible Assets 105,929 106,537 107,148 107,792 108,439 109,114 109,772 110,460 Tangible Common Equity (Non-GAAP) $ 366,536 $ 360,259 $ 352,738 $ 338,860 $ 336,408 $ 334,285 $ 322,680 $ 304,251 Average Tangible Common Equity: Average Shareholders' Equity (GAAP) $ 466,371 $ 461,148 $ 449,526 $ 445,432 $ 444,283 $ 432,382 $ 420,037 $ 425,365 Less Goodwill And Other Intangible Assets 106,301 106,920 107,551 108,194 108,851 109,537 110,206 106,483 Average Tangible Common Equity (Non-GAAP) $ 360,070 $ 354,228 $ 341,975 $ 337,238 $ 335,432 $ 322,845 $ 309,831 $ 318,882 Tangible Book Value Per Common Share: Book Value Per Common Share (GAAP) $ 27.91 $ 27.37 $ 27.07 $ 26.28 $ 26.16 $ 26.08 $ 25.59 $ 24.56 Adjustment Due To Goodwill And Other Intangible Assets (6.25) (6.25) (6.31) (6.34) (6.38) (6.42) (6.50) (6.54) Tangible Book Value Per Common Share (Non-GAAP)(1) $ 21.66 $ 21.12 $ 20.76 $ 19.94 $ 19.78 $ 19.66 $ 19.09 $ 18.02 Tangible Common Equity To Tangible Assets: Total Assets (GAAP) $ 4,891,009 $ 4,954,690 $ 4,829,387 $ 4,797,171 $ 4,745,800 $ 4,769,805 $ 4,637,498 $ 4,796,911 Less Goodwill And Other Intangibles 105,929 106,537 107,148 107,792 108,439 109,114 109,772 110,460 Tangible Assets (Non-GAAP) $ 4,785,080 $ 4,848,153 $ 4,722,239 $ 4,689,379 $ 4,637,361 $ 4,660,691 $ 4,527,726 $ 4,686,451 Tangible Common Equity To Tangible Assets (Non-GAAP): 7.66% 7.43% 7.47% 7.23% 7.25% 7.17% 7.13% 6.49%

NON-GAAP RECONCILIATION 1. Tangible book value per share (Non-GAAP) is computed by dividing total stockholder’s equity, less goodwill and other intangible assets, by common shares outstanding. 27 Note: Totals may not add due to rounding $ in Thousands, unless otherwise indicated 2Q24 1Q24 4Q23 3Q23 2Q23 1Q23 4Q22 3Q22 Tangible Common Equity (Excluding AOCI): Shareholders' Equity (GAAP) $ 472,465 $ 466,796 $ 459,886 $ 446,652 $ 444,847 $ 443,399 $ 432,452 $ 414,711 Less Goodwill And Other Intangible Assets 105,929 106,537 107,148 107,792 108,439 109,114 109,772 110,460 Tangible Common Equity (Non-GAAP) $ 366,536 $ 360,259 $ 352,738 $ 338,860 $ 336,408 $ 334,285 $ 322,680 $ 304,251 Less Adjustment Due to AOCI (Loss) (25,798) (27,425) (25,907) (34,156) (35,017) (28,620) (35,324) (40,807) Tangible Common Equity (Excl. AOCI) (Non-GAAP) $ 392,334 $ 387,684 $ 378,645 $ 373,016 $ 371,425 $ 362,905 $ 358,004 $ 345,058 Tangible Book Value Per Common Share (Excluding AOCI): Book Value Per Common Share (GAAP) $ 27.91 $ 27.37 $ 27.07 $ 26.28 $ 26.16 $ 26.08 $ 25.59 $ 24.56 Adjustment Due To Goodwill And Other Intangible Assets (6.25) (6.25) (6.31) (6.34) (6.38) (6.42) (6.50) (6.54) Tangible Book Value Per Common Share (Non-GAAP)(1) $ 21.66 $ 21.12 $ 20.76 $ 19.94 $ 19.78 $ 19.66 $ 19.09 $ 18.02 Less Adjustment Due to AOCI (Loss) (1.52) (1.61) (1.52) (2.01) (2.06) (1.68) (2.09) (2.42) Tangible Book Value Per Common Share (Excl. AOCI) (Non-GAAP) $ 23.18 $ 22.73 $ 22.29 $ 21.95 $ 21.84 $ 21.34 $ 21.18 $ 20.43 2Q26 1Q26 4Q25 3Q25 2Q25 1Q25 4Q24 3Q24 Tangible Common Equity (Excluding AOCI): Shareholders' Equity (GAAP) $ 576,924 $ 562,161 $ 552,492 $ 538,482 $ 519,127 $ 505,941 $ 491,461 $ 489,023 Less Goodwill And Other Intangible Assets 94,417 94,871 95,328 95,807 103,588 104,154 104,723 105,324 Tangible Common Equity (Non-GAAP) $ 482,507 $ 467,290 $ 457,164 $ 442,675 $ 415,539 $ 401,787 $ 386,738 $ 383,699 Less Adjustment Due to AOCI (Loss) (12,941) (12,366) (9,319) (10,781) (17,274) (19,647) (23,671) (17,349) Tangible Common Equity (Excl. AOCI) (Non-GAAP) $ 495,448 $ 479,656 $ 466,483 $ 453,456 $ 432,813 $ 421,434 $ 410,409 $ 401,048 Tangible Book Value Per Common Share (Excluding AOCI): Book Value Per Common Share (GAAP) $ 33.74 $ 32.88 $ 32.44 $ 31.62 $ 30.51 $ 29.73 $ 29.04 $ 28.89 Adjustment Due To Goodwill And Other Intangible Assets (5.52) (5.55) (5.59) (5.63) (6.09) (6.12) (6.19) (6.22) Tangible Book Value Per Common Share (Non-GAAP)(1) $ 28.22 $ 27.33 $ 26.85 $ 26.00 $ 24.42 $ 23.61 $ 22.85 $ 22.67 Less Adjustment Due to AOCI (Loss) (0.76) (0.72) (0.55) (0.63) (1.02) (1.15) (1.40) (1.02) Tangible Book Value Per Common Share (Excl. AOCI) (Non-GAAP) $ 28.98 $ 28.05 $ 27.39 $ 26.63 $ 25.43 $ 24.76 $ 24.25 $ 23.69

CONTACT 29 Billy Carroll President & CEO 865.868.0613 Billy.Carroll@smartbank.com Miller Welborn Chairman 423.385.3067 Miller.Welborn@smartbank.com 5401 Kingston Pike, Suite 600 Knoxville, TN 37919 Ron Gorczynski Chief Financial Officer 865.437.5724 Ron.Gorczynski@smartbank.com

Source: View Original Filing on SEC EDGAR

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