The Board also authorized a stock repurchase plan (the "2026 Repurchase Plan†), pursuant to which SmartFinancial may purchase, from time to time, up to an aggregate amount of $10 million of its shares of common stock. The 2026 Repurchase Plan will become effective on March 1, 2026, and will expire on February 28, 2027, unless extended by the Board. The 2026 Repurchase Plan will replace SmartFinancial's prior stock repurchase plan, which will be terminated when the 2026 Repurchase Plan becomes effective. F ...

Investors might want to bet on SmarFinancial (SMBK) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power ...

Financial Data and Key Metrics Changes - The tangible book value increased to $26.85 per share, representing over 13% annualized growth quarter over quarter and 17% for the year [5] - Operating earnings for the quarter were $13.7 million or $0.81 per diluted share, with record earnings exceeding $51 million for the year [5] - Total operating revenue for the quarter was $53.3 million, with pre-provision net revenue growing from $14.5 million in Q4 2024 to a record $20.9 million in Q4 2025, a 44% year-over-year increase [7][8] Business Line Data and Key Metrics Changes - Loan growth was 13% annualized quarter over quarter, with an average portfolio yield of 6.08% [9] - Deposits increased by 8% annualized, with core deposit balances growing by $626 million or 14% for the year, excluding brokered CD activity [9] - Operating non-interest income reached $8.2 million, driven by elevated mortgage banking revenue and customer swap fees [15] Market Data and Key Metrics Changes - Non-brokered deposits grew by $214 million, nearly 18% annualized, with interest-bearing deposit costs declining to 2.79% [11] - The loan-to-deposit ratio at quarter-end was 85%, indicating a strong liquidity position [12] - Non-performing assets comprised only 0.22% of total assets, reflecting strong asset quality [14] Company Strategy and Development Direction - The company plans to expand into the Columbus, Georgia market, leveraging existing relationships and local banking expertise [10][11] - The focus remains on organic growth, with a target of high single-digit growth rates for loans and deposits in 2026 [19][25] - The company aims to achieve a $4 EPS run rate by the end of 2026, emphasizing disciplined expense management and operational efficiency [22][63] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in maintaining strong growth and profitability, with expectations for continued positive operating leverage [18][21] - The company anticipates stable net interest margins and a gradual increase in the allowance for credit losses as they transition to a new allowance model [15][17] - Management highlighted the importance of recruiting talent that aligns with the company culture to support growth initiatives [25][46] Other Important Information - The operating efficiency ratio improved to 60%, down from 64% in the previous quarter, due to margin improvement and expense management [16] - The company remains well-capitalized, with a total consolidated risk-based capital ratio of 12.67% [17] Q&A Session Summary Question: Sustainability of Loan Growth - Management indicated that while double-digit growth was achieved in 2025, they expect to target high single-digit growth rates in 2026 as the balance sheet expands [24][25] Question: Expense Growth Rate - The company expects overall expense growth to be around 5% year over year, targeting a range of $34.5-$35 million [27][29] Question: Net Expansion and Loan Repricing - Management believes that as long as rates remain stable, net expansion can continue, with expectations for net interest margin to stabilize around 3.40%-3.45% [34][36] Question: Hiring Plans in Columbus - The initial hiring in Columbus will depend on finding the right talent, with no significant impact on expense growth anticipated [45][48] Question: M&A Strategy - Management stated that they are focused on organic growth and would only consider M&A if a unique opportunity arises [49][50]

SmartFinancial (NYSE:SMBK) Q4 2025 Earnings call January 21, 2026 10:00 AM ET Company ParticipantsSteve Moss - Managing DirectorRon Gorczynski - CFOBilly Carroll - President and CEOCatherine Mealor - Managing DirectorMiller Welborn - Chairman of the BoardNate Strall - Director of Strategy and Corporate DevelopmentConference Call ParticipantsStephen Scouten - Managing Director and Senior Research AnalystRussell Gunther - Managing Director and Equity Research AnalystOperatorWelcome, everyone. The SmartFinanci ...

Financial Data and Key Metrics Changes - The tangible book value increased to $26.85 per share, representing over 13% annualized growth quarter over quarter and 17% for the year [5] - Operating earnings for the quarter were $13.7 million or $0.81 per diluted share, with record annual earnings exceeding $51 million [5] - Total operating revenue for the quarter was $53.3 million, with pre-provision net revenue growing from $14.5 million in Q4 2024 to a record $20.9 million in Q4 2025, a 44% year-over-year increase [6] Business Line Data and Key Metrics Changes - Loan growth was 13% annualized quarter over quarter, with an average portfolio yield of 6.08% [9] - Deposits increased by 8% annualized, with core deposit balances growing by $626 million or 14% for the year, excluding brokered CD activity [9] - Operating non-interest income reached $8.2 million, driven by elevated mortgage banking revenue and customer swap fees [15] Market Data and Key Metrics Changes - Non-brokered deposits grew by $214 million, nearly 18% annualized, with interest-bearing deposit costs declining to 2.79% [11] - The net interest margin increased by 13 basis points to 3.38%, primarily due to a reduction in funding costs [12] - Non-performing assets comprised only 0.22% of total assets, indicating strong asset quality [14] Company Strategy and Development Direction - The company plans to expand into the Columbus, Georgia market, leveraging existing relationships and market opportunities [10] - The focus remains on organic growth, with a target of high single-digit growth rates for 2026 [19] - The company aims to maintain a strong liquidity position while reducing reliance on expensive wholesale funding [11] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving a $4 EPS run rate by the end of 2026, emphasizing the importance of continued execution and organic growth [21] - The company anticipates maintaining strong credit quality and a stable operating environment, with expectations for net interest margin to remain in the 3.4%-3.45% range [13][19] - Management highlighted the importance of recruiting talent that aligns with the company culture to support growth initiatives [24] Other Important Information - The allowance for credit losses was 0.94% of total loans, with expectations for a slight increase as a new allowance model is implemented [15] - Operating efficiency ratio improved to 60%, down from 64% in the previous quarter, reflecting continued expense management [16] - The company remains well-capitalized, with total consolidated risk-based capital at 12.67% and tangible common equity ratio improving to 7.9% [17] Q&A Session Summary Question: Sustainability of Loan Growth in 2026 - Management indicated that while double-digit growth was achieved in 2025, they expect to target high single-digit growth rates in 2026, estimating around 8%-9% [23] Question: Core Expense Growth Rate - The company expects overall expense growth to be around 5% year over year, targeting a range of $34.5-$35 million for the year [27] Question: Net Expansion and Loan Repricing - Management believes that as long as rates remain stable, net expansion can continue, with expectations for net interest margin to reach around 3.50% by year-end [33][40] Question: Hiring Plans in Columbus - The company plans to recruit talent in Columbus without a material impact on expense growth, balancing hiring with production [41] Question: M&A Strategy - Management reiterated that they are focused on organic growth and would only consider M&A if a unique opportunity arises [43]

INVESTOR CALL 4Q 2025 January 21, 2026, 10:00am ET 1 DISCLOSURES 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 ca ...

Financial Performance - Net income for Q4 2025 was $13.7 million, or $0.81 per diluted common share, compared to $9.6 million, or $0.57 per diluted common share in Q4 2024[2] - Net income for the year ended December 2025 was $50,347,000, a significant increase of 39.3% from $36,141,000 in 2024[38] - Basic earnings per share for Q4 2025 was $0.82, compared to $0.58 in Q4 2024, representing a growth of 41.4%[38] - Net income for Q4 2025 reached $13,703,000, compared to $11,705,000 in Q3 2025, reflecting a 17.0% increase[50] - Operating earnings (Non-GAAP) for Q4 2025 were $13,715,000, up from $11,708,000 in Q3 2025, representing a 17.1% growth[50] Asset and Liability Growth - Total assets increased by $584.9 million to $5.86 billion as of December 31, 2025, primarily driven by a $457.2 million increase in loans and leases[20] - Total liabilities rose to $5.31 billion, an increase of $523.9 million, with total deposits increasing by $466.3 million[21] - Total assets increased to $5,860,810, up $584,906 from $5,275,904 in 2024, representing an increase of approximately 11.1%[23] - Total liabilities rose to $5,308,318, an increase of $523,875 from $4,784,443 in 2024, reflecting an increase of about 10.9%[23] Equity and Capital - Shareholders' equity increased to $552.5 million, up $61.0 million from the previous year, driven by net income of $50.3 million for the twelve months ending December 31, 2025[22] - Total equity reached $552,492, up $61,031 from $491,461 in 2024, marking an increase of approximately 12.4%[23] - The total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary was $552,379, an increase from $491,348 in December 2024, marking an increase of approximately 12.5%[37] - Shareholders' equity rose to $546,489 thousand as of December 31, 2025, compared to $489,172 thousand a year earlier, indicating a growth of 11.7%[39] Income and Expense Analysis - Net interest income increased to $45.1 million in Q4 2025 from $42.4 million in the prior quarter, with average earning assets totaling $5.34 billion[4] - Noninterest income decreased by $418 thousand to $8.2 million in Q4 2025, primarily due to a reduction in insurance commissions[15] - Noninterest expense decreased by $1.4 million to $32.5 million in Q4 2025, mainly due to a decrease in restructuring expenses[17] - Total noninterest income for the year was $34,352,000, slightly up from $34,152,000 in 2024, indicating a growth of 0.6%[38] - Total noninterest expense for the year was $131,205,000, an increase of 8.4% from $120,890,000 in 2024[38] Loan and Deposit Growth - Organic loan growth was approximately 12% and organic deposit growth was 14% excluding brokered deposits for the year 2025[3] - Loans and leases increased to $4,363,582, up $457,242 from $3,906,340 in 2024, which is an increase of about 11.7%[23] - Total deposits grew to $5,152,789, an increase of $466,306 from $4,686,483 in 2024, representing an increase of approximately 10.0%[23] Credit Quality - The allowance for credit losses was $40.9 million, representing 0.94% of total loans and leases as of December 31, 2025[11] - The allowance for credit losses was $40,906, up from $37,423 in December 2024, indicating a rise of about 6.6%[37] - Nonperforming loans and leases decreased to $9,442 thousand in December 2025 from $10,099 thousand in September 2025, a reduction of 6.51%[45] - Total nonperforming assets increased slightly to $12,690 thousand in December 2025 from $12,543 thousand in September 2025, an increase of 1.17%[45] Efficiency and Returns - Return on average assets for Q4 2025 was 0.95%, up from 0.88% in Q3 2025[48] - Return on average shareholders' equity increased to 9.95% in Q4 2025 from 9.19% in Q3 2025[48] - Efficiency ratio improved to 60.91% in Q4 2025 from 66.14% in Q3 2025[48] - Operating return on average tangible common equity was 12.07% in Q4 2025, up from 11.53% in Q3 2025[48] Interest Income and Margin - Total interest income for Q4 2025 reached $75,625,000, an increase of 14.3% compared to $66,096,000 in Q4 2024[38] - Net interest income after provision for credit losses was $40,962,000, up from $35,648,000 in Q4 2024, reflecting a growth of 14.5%[38] - The tax equivalent net interest margin expanded to 3.38% in Q4 2025, up from 3.25% in the prior quarter, due to declines in deposit costs[5] - Net interest margin, FTE, improved to 3.38% in Q4 2025 from 3.29% in Q3 2025[48]

Core Insights - SmartFinancial, Inc. reported a net income of $13.7 million, or $0.81 per diluted common share, for Q4 2025, showing an increase from $9.6 million, or $0.57 per diluted common share, in Q4 2024, and remaining stable compared to the previous quarter [1][2]. Financial Performance - The company achieved approximately 11% positive operating leverage in 2025, marking the seventh consecutive quarter of positive operating leverage in Q4 [2]. - Organic loan growth was approximately 12%, while organic deposit growth, excluding brokered deposits, was 14% [2]. - Tangible book value per common share increased by 17% [2]. Net Interest Income and Margin - Net interest income for Q4 2025 was $45.1 million, up from $42.4 million in the prior quarter [3]. - The tax equivalent net interest margin rose to 3.38% in Q4 2025, compared to 3.25% in the prior quarter, primarily due to a decline in deposit costs [4][5]. - The cost of total deposits decreased to 2.26% from 2.44% in the prior quarter [5]. Credit Quality - The allowance for credit losses was $40.9 million, representing 0.94% of total loans and leases as of December 31, 2025 [7][9]. - Nonperforming loans and leases as a percentage of total loans and leases decreased to 0.22% from 0.24% in the previous quarter [10]. Noninterest Income and Expense - Noninterest income decreased by $418 thousand to $8.2 million in Q4 2025, attributed to lower insurance commissions and a prior quarter gain on the sale of SBK Insurance [12]. - Noninterest expense decreased by $1.4 million to $32.5 million, primarily due to reduced restructuring expenses [14]. Balance Sheet Trends - Total assets increased to $5.86 billion as of December 31, 2025, up from $5.28 billion a year earlier, driven by a $457.2 million increase in loans and leases [16][20]. - Total liabilities rose to $5.31 billion, with total deposits increasing by $466.3 million [17][18]. - Shareholders' equity totaled $552.5 million, an increase of $61.0 million from the previous year, driven by net income and a reduction in accumulated other comprehensive loss [19].

分组1 - SmarFinancial (SMBK) is expected to report quarterly earnings of $0.80 per share, reflecting a year-over-year increase of 40.4% [1] - Revenues are anticipated to reach $51.58 million, which is a 10.2% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] 分组2 - Analysts project the 'Efficiency Ratio' to be 63.2%, down from 69.0% in the previous year [3] - The expected 'Net Interest Margin' is 3.3%, compared to 3.2% reported in the same quarter last year [4] - The 'Average Balance - Total interest earning assets' is estimated at $5.31 billion, an increase from $4.68 billion in the same quarter last year [4] 分组3 - The consensus estimate for 'Total noninterest income' is $7.18 million, down from $9.03 million reported in the same quarter last year [5] - Analysts predict 'Net interest income (FTE)' to reach $44.52 million, compared to $38.11 million in the same quarter last year [5] - The collective estimate for 'Net interest income' stands at $44.66 million, up from $37.78 million a year ago [6] 分组4 - Over the past month, SmarFinancial shares have declined by 3.3%, while the Zacks S&P 500 composite has increased by 2.1% [6] - SmarFinancial holds a Zacks Rank 3 (Hold), suggesting its performance is expected to align with the overall market [6]

KNOXVILLE, Tenn.--(BUSINESS WIRE)--SmartFinancial, Inc. ("SmartFinancial") (NYSE: SMBK) announces details for the release of its results for the Fourth Quarter of 2025. SmartFinancial plans to issue its earnings release for the fourth quarter of 2025 on Tuesday January 20, 2026, after market close, and will host a conference call on Wednesday, January 21, 2026, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (646) 844-6383 and enter the access code, 680807. A. ...