secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001558370-22-010992
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartFinancial Q2 2022 EPS $0.61, 30% annualized loan growth, NIM 3.08%
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- Net income of $10.2M ($0.61 GAAP EPS); operating earnings of $10.3M ($0.61) vs $9.1M ($0.60) in Q2 2021.
- Organic loan and lease growth of $206.8M (30% annualized QoQ).
- Net interest margin (FTE) expanded 17 bps to 3.08% on rising rates and deployment of excess cash.
- Credit quality remains solid with nonperforming assets at 0.11% of total assets.
- Noninterest income grew to $7.2M, driven by service charges and investment services.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837022010992/0001558370-22-010992-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837022010992/smbk-20220725x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-010992

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