SmartFinancial Announces Results for the Third Quarter 2026
SmartFinancial reported Q3 2026 net income of $18.6 million, or $1.10 per diluted share, up from $13.7 million and $0.81 a year earlier, with operating revenue hitting a quarterly record of $57.5 million. Growth was organic and balance-sheet led: $174 million in net loan growth (15% annualized) and $163 million in core deposit growth (12% annualized), alongside a new full-service financial center in Columbus, Georgia. Margin pressure emerged as tax-equivalent NIM fell to 3.45% from 3.52% on higher funding costs, with cost of total deposits up 11bps to 2.26%; the quarter also included a $2.6 million tax benefit from transferable energy credits.
Key figures
- Eps
- 1.1
- Revenue
- $57.5 million
- Npl ratio
- 0.28%
- Net income
- 18600000
- Total assets
- 6320798000
- Nim change qoq
- -7bps
- Total deposits
- 5576210000
- Eps prior year q
- 0.81
- Loans and leases
- 4856692000
- Noninterest income
- 8131000
- Net interest income
- 49400000
- Net loan growth qoq
- $174 million (15% annualized)
- Noninterest expense
- 36356000
- Return on avg assets
- 1.20%
- Core deposit growth qoq
- $163 million (12% annualized)
- Net income prior year q
- 13700000
- Net interest margin fte
- 3.45%
- Efficiency ratio non gaap
- 62.85%
- Operating revenue non gaap
- $57.5 million
- Tax benefit energy credits
- 2600000
- Provision for credit losses
- 687000
- Tangible book value per share
- 28.5
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