---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-012155"
form_type: "8-K"
ticker: "SMBK"
cik: "0001038773"
company_name: "SMARTFINANCIAL INC."
filed_at: "2023-07-24T23:59:59+00:00"
generated_at: "2026-06-13T03:55:31.535678+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SmartFinancial Q2 operating EPS $0.52, down from $0.61 YoY; loan growth 7% annualized

## Summary
- Operating earnings $8.8M ($0.52 diluted EPS), vs $10.2M ($0.61) YoY and $11.5M ($0.68) prior Q.
- Net organic loan and lease growth $56M, 7% annualized quarter-over-quarter.
- Tax-equivalent NIM fell to 2.93% from 3.31% prior Q (includes $1.4M acquired loan fee).
- Credit quality solid: nonperforming assets / total assets at 0.12%.
- Deposit mix stable with 24% non-interest bearing accounts; cost of total deposits 1.89%.

## SEC filing metadata
- accession: 0001558370-23-012155
- form_type: 8-K
- ticker: SMBK
- cik: 0001038773
- company_name: SMARTFINANCIAL INC.
- filed_at: 2023-07-24T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1038773/000155837023012155/0001558370-23-012155-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1038773/000155837023012155/smbk-20230724x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-012155
- JSON: https://secwatch.observer/filing/0001558370-23-012155.json
- Plain text: https://secwatch.observer/filing/0001558370-23-012155.txt

## Key facts
- Earnings Releases
  SMARTFINANCIAL INC. reported the second quarter of 2023 results: net income $8.8 million, EPS $0.52 per diluted common share.
  - Period: the second quarter of 2023
  - Net income: $8.8 million
  - EPS: $0.52 per diluted common share
  - Result: reported results
  source text: SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NASDAQ: SMBK), today announced net income of $8.8 million, or $0.52 per diluted common share, for the second quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1038773/000155837023012155/0001558370-23-012155-index.htm

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