secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2023-01-23T23:59:59+00:00
Accession:  0001558370-23-000426
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartFinancial Q4 2022 diluted EPS $0.77; operating EPS $0.76 beats prior year
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- Net income $13.0M ($0.77 diluted); operating earnings $12.9M ($0.76 diluted) up 48% YoY.
- Organic loan growth $130.2M (17% annualized QoQ); net interest margin 3.51% (FTE) vs 3.29% prior Q.
- Nonperforming assets to total assets remained low at 0.10%; total assets $4.6B.
- Loan yield improved to 5.05% from 4.59% prior Q; deposit cost rose to 0.85% from 0.45%.
- Operating revenue record; ROAA 1.10%, ROATCE 16.5% (operating basis).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837023000426/0001558370-23-000426-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837023000426/smbk-20230123x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-000426

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