SmartFinancial, Inc. First Quarter 2020 Earnings Release April 29, 2020 Legal Disclaimer 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 forwardlooking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements, including statements regarding the potential effects of the COVID-19 pandemic on the Company's busines ...

Financial Performance - SmartFinancial, Inc reported net operating earnings of $65 million for Q4 2019[6], up 10% from the previous year[18] - The company's ROAA was 112% for the quarter, with a net operating ROAA of 108%[6] - ROATCE reached 116% for the quarter, while the net operating ROATCE was 111%[6] - The efficiency ratio stood at 670%, and the operating efficiency ratio was 650%[6] Balance Sheet - Total assets amounted to $24 billion as of December 31, 2019[6] - Gross loans totaled $19 billion[6] - Deposits reached $20 billion[6] - Shareholders' equity and tangible common equity (Non-GAAP) were $3130 million and $2356 million, respectively[6] Asset Quality - Nonperforming assets (NPAs) represented 021% of total assets[7] - Net charge-offs to average loans were 001%[45] Acquisition of Progressive Financial Group - SmartFinancial announced the acquisition of Progressive Savings Bank, which will make it the 7th largest community bank by deposits in Tennessee, with total consolidated assets exceeding $27 billion[58]