secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2026-04-20T23:59:59+00:00
Accession:  0001104659-26-045196
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartFinancial Q1 net income $13.7M ($0.81 EPS), flat QoQ, up from $0.67 YoY; loan growth $155M
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- Net income of $13.7M or $0.81 diluted EPS, unchanged from prior quarter; up from $11.3M ($0.67) a year ago.
- Organic loan and lease growth of $155M (14% annualized QoQ); deposit growth ex-brokered $95M (7% annualized).
- Net interest margin (FTE) expanded to 3.48% from 3.38% prior quarter, driven by lower deposit costs.
- ACL model change increased allowance to 0.97% of loans; provision impacted EPS but expected to normalize in Q2.
- Nashville expansion with hires of Director of Private Banking and Wealth Management and additional commercial bankers.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000110465926045196/0001104659-26-045196-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000110465926045196/smbk-20260420x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-045196

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