secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2022-04-25T23:59:59+00:00
Accession:  0001558370-22-005897
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartFinancial Q1 EPS $0.49 GAAP, $0.51 operating; loan growth 21% ann.
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- Net income $8.3M ($0.49 diluted) vs $9.8M ($0.65) YoY; operating earnings $8.6M ($0.51).
- Organic loan growth $136.9M (21% annualized QoQ); non-time deposit growth $195M (23% ann.).
- NIM (FTE) 2.91%, down 1bp QoQ; net interest income $30.1M vs $29.9M prior quarter.
- Credit quality: NPAs/assets 0.11%; allowance/loans 0.74%; net charge-offs 0.04%.
- Operating efficiency ratio 68%; total assets $4.7B; tangible book value $18.64/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837022005897/0001558370-22-005897-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837022005897/smbk-20220425x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-005897

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