secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2022-10-24T23:59:59+00:00
Accession:  0001558370-22-015235
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 2022 operating EPS $0.69 beats prior quarters; net income $11.5M
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- Operating earnings of $11.6M ($0.69/diluted) up 13% QoQ and 17% YoY.
- Net interest income rose to $36.7M (11% QoQ); NIM (FTE) expanded to 3.29% from 3.08%.
- Organic loan growth of $109M (15% annualized) driven by strong Southeast market demand.
- Credit quality solid: NPAs/Assets at 0.10%, allowance/loans at 0.73%.
- Completed asset purchase of Sunbelt Insurance, diversifying fee income.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837022015235/0001558370-22-015235-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837022015235/smbk-20221024x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015235

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