This release contains "forward-looking statements" within the meaning of and subject to the safe harbor protections of the Private Securities Litigation Reform Act of 1995. In general, forward-looking statements can be identified by the use of words such as "may," "depend," "believe," "expect," "anticipate," "intend," "will," "should," "plan," "estimate," "predict," "continue" and "potential", or the negative of these terms or other comparable terminology. Forward-looking statements represent management's b ...

KNOXVILLE, Tenn., July 25, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial") (NYSE: SMBK), the parent company for SmartBank, announced that on July 25, 2024, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on August 26, 2024, to shareholders of record as of the close of business on August 9, 2024. About SmartFinancial, Inc. Forward-Looking Statements Investor Contacts SmartFinancial, Inc., based in Knoxville ...

SmartFinancial, Inc. (NYSE:SMBK) Q2 2024 Earnings Conference Call July 23, 2024 10:00 AM ET Company Participants Nate Strall - Director of Investor Relations Billy Carroll - President and Chief Executive Officer Ron Gorczynski - Chief Financial Officer Rhett Jordan - Executive VP and Chief Credit Officer of SmartBank Miller Welborn - Chairman Conference Call Participants Will Jones - KBW Stephen Scouten - Piper Sandler Russell Gunther - Stephens Christopher Marinac - Janney Montgomery Scott Operator Hello e ...

SmarFinancial (SMBK) reported $40.42 million in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.4%. EPS of $0.46 for the same period compares to $0.52 a year ago. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how SmarFinancial performed in the just reported quarter in terms ...

SmarFinancial (SMBK) came out with quarterly earnings of $0.46 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. SmarFinancial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $40.42 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.24%. This compares to year-ago revenues of $38.71 million. The company has topped consensu ...

QUARTERLY EARNINGS RELEASE ● Operating earnings 1 of $7.8 million, or $0.46 per diluted common share ● Net organic loan and lease growth of $97 million with 11% annualized quarter-over-quarter increase ● Quarter-over-quarter net tax equivalent interest margin expansion of 12 basis points to 2.97% ● 10% annualized quarter-over-quarter increase in tangible book value per common share 1 ● 136,195 shares repurchased at a weighted average price of $21.57 ● Credit quality remains solid with nonperforming assets t ...

Conference Call Information (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) the risk that cost savings and revenue synergies from recently completed acquisitions may not be realized or may take longer than ...

KNOXVILLE, Tenn., July 22, 2024 (GLOBE NEWSWIRE) -- SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NYSE: SMBK), today announced net income of $8.0 million, or $0.48 per diluted common share, for the second quarter of 2024, compared to net income of $8.8 million, or $0.52 per diluted common share, for the second quarter of 2023, and compared to prior quarter net income of $9.4 million, or $0.55 per diluted common share. Operating earnings1, which excludes non-recurring income, net of tax adjustment ...

About SmartFinancial, Inc. Billy Carroll President and Chief Executive Officer SmartFinancial, Inc. Email: billy.carroll@smartbank.com Phone: 865.868.0613 SmartFinancial plans to issue its earnings release for the second quarter of 2024 on Monday, July 22, 2024, and will host a conference call on Tuesday, July 23, 2024, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (404) 975-4839 and enter the access code, 533803. A replay of the conference call will be available throug ...

Conference call materials (earnings release & conference call presentation) will be published on the company's webpage located at http://www.smartfinancialinc.com/CorporateProfile, at 9:00 a.m. ET prior to the morning of the conference call. Investor Contacts SmartFinancial plans to issue its earnings release for the second quarter of 2024 on Monday, July 22, 2024, and will host a conference call on Tuesday, July 23, 2024, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or ( ...