secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2023-07-24T23:59:59+00:00
Accession:  0001558370-23-012155
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837023012155/0001558370-23-012155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837023012155/smbk-20230724x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-012155

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