SmarFinancial (SMBK) Reports Q1 Earnings: What Key Metrics Have to Say

Core Insights - SmarFinancial (SMBK) reported revenue of $46.84 million for Q1 2025, a year-over-year increase of 16.8% and a surprise of +1.84% over the Zacks Consensus Estimate of $45.99 million [1] - The EPS for the same period was $0.67, compared to $0.49 a year ago, resulting in a surprise of +21.82% over the consensus estimate of $0.55 [1] Financial Performance Metrics - Efficiency Ratio was reported at 69%, better than the estimated 70.3% [4] - Net Interest Margin remained stable at 3.2%, matching the analyst estimate [4] - Net charge-offs to average loans were 0%, outperforming the estimate of 0.1% [4] - Average Balance of Total interest earning assets was $4.87 billion, exceeding the estimate of $4.81 billion [4] - Total noninterest income reached $8.60 million, surpassing the estimate of $7.90 million [4] - Mortgage banking income was $0.49 million, above the estimate of $0.38 million [4] - Net interest income (FTE) was $38.58 million, compared to the estimate of $38.21 million [4] - Interchange and debit card transaction fees were $1.22 million, below the estimate of $1.38 million [4] - Service charges on deposit accounts totaled $1.74 million, slightly above the estimate of $1.69 million [4] - Investment services income was $1.77 million, exceeding the estimate of $1.52 million [4] - Other noninterest income was reported at $1.97 million, significantly above the estimate of $1.38 million [4] - Insurance commissions were $1.41 million, slightly below the estimate of $1.42 million [4] Stock Performance - SmarFinancial shares have returned -7% over the past month, compared to the Zacks S&P 500 composite's -5.6% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]