Core Viewpoint - SmarFinancial (SMBK) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings potential and likely favorable impact on its stock price [1][2]. Earnings Outlook - The Zacks Consensus Estimate for SmarFinancial's earnings per share (EPS) for the fiscal year ending December 2024 is projected at $2.01, reflecting a year-over-year change of -1% [5]. - Over the past three months, the Zacks Consensus Estimate for SmarFinancial has increased by 4.8%, indicating a trend of rising earnings estimates [5]. Impact of Earnings Estimates on Stock Prices - Changes in a company's future earnings potential, as shown by earnings estimate revisions, are strongly correlated with near-term stock price movements [3]. - Institutional investors often adjust their valuations based on earnings estimates, leading to significant stock price movements as they buy or sell shares [3]. Zacks Rating System - The Zacks Rank stock-rating system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [4]. - The upgrade of SmarFinancial to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [6].

For the quarter ended September 2024, SmarFinancial (SMBK) reported revenue of $44.17 million, up 39.3% over the same period last year. EPS came in at $0.54, compared to $0.43 in the year-ago quarter.The reported revenue represents a surprise of +4.37% over the Zacks Consensus Estimate of $42.32 million. With the consensus EPS estimate being $0.49, the EPS surprise was +10.20%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Str ...

SmarFinancial (SMBK) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.20%. A quarter ago, it was expected that this bank holding company would post earnings of $0.41 per share when it actually produced earnings of $0.46, delivering a surprise of 12.20%.Over the last four quarters, t ...

The upcoming report from SmarFinancial (SMBK) is expected to reveal quarterly earnings of $0.49 per share, indicating an increase of 14% compared to the year-ago period. Analysts forecast revenues of $42.32 million, representing an increase of 33.5% year over year. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Before a ...

SmarFinancial (SMBK) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on October 21, 2024, might help the stock move higher if these key numbers are better ...

SmarFinancial (SMBK) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the sy ...

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 ...

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 ...