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SmartFinancial(SMBK) - 2024 Q2 - Quarterly Results
SMBKSmartFinancial(SMBK)2024-07-22 21:05

QUARTERLY EARNINGS RELEASE ● Operating earnings 1 of 7.8million,or7.8 million, or 0.46 per diluted common share ● Net organic loan and lease growth of 97millionwith1197 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 ...