SmartFinancial(SMBK) - 2024 Q1 - Earnings Call Presentation

Financial Performance Highlights - SmartFinancial reported diluted operating earnings per share of $0.49 for 1Q24[31], compared to $0.68 in 1Q23[31], a decrease of 27%[142] - The operating return on average assets was 0.69% in 1Q24[31], down from 0.97% in 1Q23[31] - Tangible book value per share grew to $21.12 in 1Q24[31], a 7% increase from $19.66 in 1Q23[31] - Total assets reached $5 Billion[31,41] Loan and Deposit Portfolio - The loan to deposit ratio is 79%[31,75] - Loans HFI (Held for Investment) totaled $4.394 Billion in 1Q24[15,22] - Total deposits amounted to $4.394 Billion in 1Q24[15,22] - Fixed rate loans account for $2 Billion, while variable rate loans account for $1.4 Billion[14] Liquidity and Interest Rate Sensitivity - The company has $1.5 Billion in untapped liquidity sources[100] - $884 Million in short-term variable rate loans are resetting within 1-3 months[106] - $90 Million in fixed rate loans yielding 5.54% are maturing by the end of 2024[12]