SMBK
SmartFinancial, Inc.39.29
-0.34-0.86%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
FY Q3 '25
2026 NIM, expense details emerge
Q&A layered forward specifics onto prepared remarks' bullish tone, projecting 5-7 basis points quarterly NIM expansion in 2026 alongside expenses contained at $34-35 million annually. Management detailed banker hires fueling Alabama momentum and pipelines backing ~10% loan growth pace despite paydowns. Tech initiatives like AI bots and Copilot promise efficiency gains without headcount spikes or expense hikes. Fee upside eyed from mortgage strength, treasury management, and interchange tweaks; brokered deposits targeted for full payoff. Organic trumps M&A. Positive leverage streak extends. Investors watch 2026 execution.
Key Stats
Market Cap
669.03MP/E (TTM)
14.34Basic EPS (TTM)
2.74Dividend Yield
0.01%Recent Filings
10-Q
Q3 FY2025 results
SmartFinancial posted Q3 net income of $13.7M, up 50% y/y, with diluted EPS at $0.81 (reconciles to 16.9M shares). Net interest income jumped 21% y/y to $42.4M on 21% loan growth to $4.2B, while provision fell 91% y/y to $0.2M. Noninterest income dipped on a $3.7M securities loss, offset by $4.0M gain from selling SBKI; expenses rose on restructuring. Cash swelled to $557M, deposits +8% y/y to $5.1B, bolstered by $99M new subordinated debt. Loans ticked up q/q. Credit risk ticks higher.
8-K
Quarterly dividend declared
SmartFinancial's board declared a quarterly cash dividend of $0.08 per share on October 31, 2025, payable December 2 to shareholders of record November 17. This steady payout underscores the bank's solid earnings amid regional expansion in Tennessee, Alabama, and Florida. No changes from prior quarters. Investors note the non-filed status under Regulation FD.
8-K
Strong Q3 earnings, growth surges
SmartFinancial posted Q3 net income of $13.7 million, or $0.81 per diluted share, up from $9.1 million last year, fueled by 10% annualized organic loan growth to $4.2 billion and 15% deposit expansion to $5.1 billion. Strategic moves included a $4.0 million gain from selling SBK Insurance while retaining a stake, repositioning $85 million in securities for a $3.9 million loss, and issuing $100 million subordinated debt to retire $40 million prior notes and spur expansion. Tangible book value per share jumped 26% annualized quarter-over-quarter. Yet rising liability costs trimmed the net interest margin to 3.25%.
8-K
SmartBank sells insurance unit
SmartFinancial's subsidiary SmartBank sold its full stake in SBK Insurance to Insuragent Purchaser, a Greater Sum Ventures portfolio company, on September 5, 2025. All SBK Insurance staff and locations stay put, while SmartBank keeps a strategic tie-up and SmartFinancial grabs a minority stake in the buyer. This divestiture sharpens focus on core banking. Forward-looking impacts remain uncertain amid risks.
8-K
SmartFinancial issues $100M notes
SmartFinancial issued $100 million in 7.25% fixed-to-floating subordinated notes due 2035 on August 20, 2025, to institutional investors in a private placement, bolstering Tier 2 capital for regulatory strength. Proceeds target redeeming $40 million of higher-cost 2028 notes, freeing cash for general corporate needs while extending debt maturity. Notes fix at 7.25% until 2030, then float on SOFR plus 385 bps; callable post-2030. This refi sharpens balance sheet, but subordination ranks it junior to senior debt.
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