SmartFinancial Approves Regular Quarterly Cash Dividend and Announces Share Repurchase Program

Core Viewpoint - SmartFinancial, Inc. has declared a quarterly cash dividend and authorized a new stock repurchase plan, indicating a commitment to returning value to shareholders while managing capital effectively [1][2]. Dividend Declaration - The board of directors declared a quarterly cash dividend of $0.08 per share of common stock, payable on March 2, 2026, to shareholders of record as of February 13, 2026 [1]. Stock Repurchase Plan - The 2026 Repurchase Plan allows SmartFinancial to repurchase up to $10 million of its common stock, effective from March 1, 2026, and expiring on February 28, 2027, unless extended [2]. - This new plan will replace the previous stock repurchase plan, which will be terminated upon the new plan's effectiveness [2]. Repurchase Mechanism - Repurchases under the 2026 Repurchase Plan may occur in the open market, through accelerated share repurchase programs, or in privately negotiated transactions, adhering to regulatory requirements [3]. - The plan does not obligate SmartFinancial to repurchase any specific amount of stock and can be modified or discontinued at the Board's discretion [3]. Company Overview - SmartFinancial, Inc. is a publicly-traded bank holding company for SmartBank, which is a full-service commercial bank established in 2007, with branches in Tennessee, Alabama, and Florida [4]. - The company's success is attributed to recruiting top talent, exceptional client service, strategic branching, and a disciplined lending approach [4].