secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001558370-23-006543
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837023006543/0001558370-23-006543-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837023006543/smbk-20230424x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-006543

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