---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-006543"
form_type: "8-K"
ticker: "SMBK"
cik: "0001038773"
company_name: "SMARTFINANCIAL INC."
filed_at: "2023-04-24T23:59:59+00:00"
generated_at: "2026-06-16T18:15:53.257395+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# SmartFinancial Q1 net income $11.5M, EPS $0.68; operating earnings up 34% YoY

## Summary
- Operating earnings $11.5M ($0.68 diluted) vs $8.6M ($0.51) in Q1 2022, a 34% increase.
- Deposit growth of $152.4M (15% annualized QoQ); net organic loan growth $53.0M (7% annualized).
- Nonperforming assets to total assets remain low at 0.11%; credit quality solid.
- Tax-equivalent NIM declined to 3.31% from 3.51% in Q4 2022, pressured by rising deposit costs.
- No wholesale fundings or borrowings; balance sheet growth entirely organic.

## SEC filing metadata
- accession: 0001558370-23-006543
- form_type: 8-K
- ticker: SMBK
- cik: 0001038773
- company_name: SMARTFINANCIAL INC.
- filed_at: 2023-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1038773/000155837023006543/0001558370-23-006543-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1038773/000155837023006543/smbk-20230424x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-006543
- JSON: https://secwatch.observer/filing/0001558370-23-006543.json
- Plain text: https://secwatch.observer/filing/0001558370-23-006543.txt

## Key facts
- Earnings Releases
  SMARTFINANCIAL INC. reported first quarter of 2023 results: net income $11.5 million, EPS $0.68 per diluted common share.
  - Period: first quarter of 2023
  - Net income: $11.5 million
  - EPS: $0.68 per diluted common share
  - Result: reported results
  source text: SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NASDAQ: SMBK), today announced net income of $11.5 million, or $0.68 per diluted common share, for the first quarter of 2023, compared to net income of $8.3 million, or $0.49 per diluted common share, for the first quarter of 2022, and compared to prior quarter net income of $13.0 million, or $0.77 per diluted common share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1038773/000155837023006543/0001558370-23-006543-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.