SMARTFINANCIAL INC. (SMBK) Form 8-K — Oct 19, 2026
SmartFinancial (NYSE: SMBK) reported Q3 2026 net income of $18.6 million, or $1.10 per diluted share, up from $16.3 million ($0.96) in the prior quarter and $13.7 million ($0.81) a year ago. Growth was driven by organic expansion: $174 million in net loan and lease growth (15% annualized) and $163 million in core deposit growth (12% annualized), alongside record operating revenue of $57.5 million. The quarter included a $2.6 million tax benefit from purchased energy tax credits, and the company opened a new full-service financial center in Columbus, Georgia. The one soft spot was net interest margin, which slipped to 3.45% from 3.52% as higher funding costs offset improving asset yields.
Key figures
- Eps
- 1.1
- Revenue
- 57533000
- Net Income
- 18627000
- Total Assets
- 6320798000
- Shares Outstanding
- 17095789
- Npa ratio
- 0.25%
- Total loans
- $4.9 billion
- Year ago eps
- $0.81
- Total deposits
- $5.6 billion
- Efficiency ratio
- 63.19%
- Operating roatce
- 15.07%
- Prior quarter eps
- $0.96
- Prior quarter nim
- 3.52%
- Net interest income
- $49.4 million
- Return on avg assets
- 1.20%
- Loan to deposit ratio
- 87%
- Core deposit growth qoq
- $163 million (12% annualized)
- Net interest margin fte
- 3.45%
- Organic loan growth qoq
- $174 million (15% annualized)
- Tax benefit energy credits
- $2.6 million
- Tangible book value per share
- $28.50
AI analysis
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