secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2025-10-21T23:59:59+00:00
Accession:  0001104659-25-101293
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartFinancial Q3 net income $13.7M ($0.81 EPS); organic loan growth 10% annualized; $100M sub debt issued
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- Net income $13.7M ($0.81 EPS) vs $9.1M ($0.54 EPS) in Q3 2024; operating EPS $0.86.
- Organic loan growth $98M (10% annualized QoQ); deposit growth $179M (15% annualized QoQ).
- Tangible book value per share grew 26% annualized QoQ; achieved $50M quarterly operating revenue.
- $4.0M pre-tax gain from sale of SBK Insurance; $85M securities repositioning resulted in $3.9M pre-tax loss.
- Issued $100M subordinated debt; retired $40M existing sub debt; funded growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000110465925101293/0001104659-25-101293-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000110465925101293/smbk-20251021x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-101293

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer