1 INVESTOR CALL 3Q 2021 October 20, 2021, 10:00am ET Webcast: www.smartbank.com (Investor Relations) Audio Only: 1-844-200-6205 Access Code: 289025 Miller Welborn Chairman of the Board Billy Carroll President & CEO Ron Gorczynski CFO 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 Secu ...

Table of Contents United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-37661 (Exact name of registrant as specified in its charter) | Tennessee | 62-1173944 | | --- | ...

SmartFinancial, Inc. (NYSE:SMBK) Q3 2021 Earnings Conference Call October 20, 2021 10:00 AM ET Company Participants Miller Welborn - Chairman Billy Carroll - President and Chief Executive Officer Ron Gorczynski - Chief Financial Officer Rhett Jordan - Chief Credit Officer Conference Call Participants Ben Gerlinger - Hovde Group Stephen Scouten - Piper Sandler Thomas Wendler - Stephens Inc Catherine Mealor - KBW Feddie Strickland - Janney Montgomery Scott William Wallace - Raymond James Kevin Fitzsimmons - D ...

Table of Contents United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-37661 (Exact name of registrant as specified in its charter) | Tennessee | 62-1173944 | | --- | --- ...

| --- | --- | --- | --- | --- | |---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | INVESTOR CALL | | | | | | 2Q 2021 July 21, 2021, 10:00 a.m. Webcast: www.smartbank.com (Investor Relations) Audio Only: (888) 317-6003 Confirmation #: 5194560 Miller Welborn Chairman of the Board Billy Carroll President & CEO | | ...

Financial Data and Key Metrics Changes - Operating earnings for Q2 2021 were reported at $9.1 million or $0.60 per share, marking a 25% increase compared to the prior year quarter [10][18] - Tangible book value (TBV) increased to $18.69, reflecting a 10% year-over-year growth [10][23] - Net interest income for the quarter was over $27 million, slightly higher than the previous year's $26.4 million [26] - The interest margin was reported at 3.29%, a decline of 19 basis points from the prior quarter [27] Business Line Data and Key Metrics Changes - Net organic loan growth was over $87 million, or 16% annualized, excluding PPP loans [10][20] - Deposit growth was solid, with an increase of over $90 million during Q2 [11][25] - Non-interest income increased by almost 50% from the prior year quarter, with a forecast of $5.5 million for Q3 [32][34] Market Data and Key Metrics Changes - The loan portfolio saw a diversification with a 16% annualized organic loan growth, particularly in the commercial real estate (CRE) sector, which grew to approximately 39% of total portfolio outstandings [37][38] - The bank's asset quality metrics improved, with a non-performing asset (NPA) ratio of 0.17%, down from 0.29% in Q1 2021 [40][41] Company Strategy and Development Direction - The company is focusing on organic growth through team lift-outs and market expansions, particularly in Alabama and the Gulf Coast region [13][56] - The acquisition of Sevier County Bank is on track for closing, with plans for integration and rebranding [14][15] - The company aims to leverage its capital effectively while exploring additional lift-out opportunities as a strategic focus [69][70] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's positioning and growth potential, citing strong market conditions and a robust loan pipeline [7][57] - The Southeast region is expected to continue experiencing growth, driven by population trends and economic recovery [53][54] Other Important Information - The company reported no need for a provision for loan losses in the current quarter, indicating strong credit quality [47] - The allowance for originated loans and leases, excluding PPP loans, was reported at 0.86% [48] Q&A Session Summary Question: What are the expected total loan balances by the end of the year excluding Sevier County? - The expected total loan balance is approximately $2.52 billion, not including Sevier County [62][64] Question: Is the lift-out strategy viewed as the go-forward plan for inorganic growth? - The company is always looking for opportunities, with a current focus on lift-outs rather than mergers and acquisitions [68][69] Question: How big was the loan portfolio managed by the Auburn team at their prior institution? - The Auburn team managed around $0.5 billion in total loans at their previous institution [82] Question: What is the outlook for fees in the back half of the year? - The forecast for non-interest income in Q3 is around $5.5 million, similar to Q4 expectations [101][102] Question: What is the appetite for buybacks in the back half of the year? - The company is in a good capital position but does not foresee heavy buybacks due to current valuations [103][104]

Table of Contents United States Securities and Exchange Commission Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-37661 (Exact name of registrant as specified in its charter) Tennessee 62-1173944 (State or other j ...

| --- | --- | --- | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | INVESTOR CALL 1Q 2021 April 21, 2021, 10:00am Webcast: www.smartbank.com (Investor Relations) Audio Only: 888-317-6003 Confirmation #: 6293687 | | | | | | Miller Welborn Chairman of the Board Billy Carroll President & CEO | | | | | | | | | | | | | | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For transition period from __________ to __________ Commission File Number: 001-37661 (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or org ...

| --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | INVESTOR CALL 4Q 2020 January 20, 2021, 10:00am Webcast: www.smartbank.com (Investor Relations) Audio Only: 888-317-6003 Confirmation #: 0205038 Miller Welborn Chairman of the Board Billy Carro ...