SmartFinancial(SMBK) - 2019 Q4 - Earnings Call Presentation

Financial Performance - SmartFinancial, Inc reported net operating earnings of $65 million for Q4 2019[6], up 10% from the previous year[18] - The company's ROAA was 112% for the quarter, with a net operating ROAA of 108%[6] - ROATCE reached 116% for the quarter, while the net operating ROATCE was 111%[6] - The efficiency ratio stood at 670%, and the operating efficiency ratio was 650%[6] Balance Sheet - Total assets amounted to $24 billion as of December 31, 2019[6] - Gross loans totaled $19 billion[6] - Deposits reached $20 billion[6] - Shareholders' equity and tangible common equity (Non-GAAP) were $3130 million and $2356 million, respectively[6] Asset Quality - Nonperforming assets (NPAs) represented 021% of total assets[7] - Net charge-offs to average loans were 001%[45] Acquisition of Progressive Financial Group - SmartFinancial announced the acquisition of Progressive Savings Bank, which will make it the 7th largest community bank by deposits in Tennessee, with total consolidated assets exceeding $27 billion[58]