SmartFinancial Q3 net income $2.1M ($0.12 EPS); operating EPS $0.43; organic loan growth $42M

SMARTFINANCIAL INC.

2023-Q3 EPS reported $1.33

Net income $2.1M ($0.12 diluted EPS) vs $11.5M ($0.68) in Q3 2022 and $8.8M ($0.52) in Q2 2023.
Operating earnings (non-GAAP) $7.2M ($0.43 diluted EPS) vs $11.6M ($0.69) year ago and $8.8M ($0.52) prior quarter.
Repositioned $159.6M of AFS securities into higher-yielding assets; net loan growth $42M (5% annualized).
Deposit growth $46.9M (4.5% annualized); nonperforming assets to total assets at 0.12%.
Net interest margin 2.81% vs 2.93% prior quarter; loan yield 5.52% excluding fees.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SMARTFINANCIAL INC. reported the third quarter of 2023 results: net income net income of $2.1 million, or $0.12 per diluted common share, EPS $0.12 per diluted common share.

Period: the third quarter of 2023
Net income: net income of $2.1 million, or $0.12 per diluted common share
EPS: $0.12 per diluted common share
Result: reported results

Exact text from the filing

On October 23, 2023, SmartFinancial, Inc. (“SmartFinancial”) issued a press release (the “Press Release”) reporting earnings results for its third quarter ending September 30, 2023.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SMARTFINANCIAL INC. reported the third quarter of 2022 results: net income net income of $11.5 million, or $0.68 per diluted common share, EPS $0.68 per diluted common share.

Period: the third quarter of 2022
Net income: net income of $11.5 million, or $0.68 per diluted common share
EPS: $0.68 per diluted common share
Result: reported results

Exact text from the filing

On October 23, 2023, SmartFinancial, Inc. (“SmartFinancial”) issued a press release (the “Press Release”) reporting earnings results for its third quarter ending September 30, 2023.

View on SEC.gov

Browse all earnings releases →

SMARTFINANCIAL INC. filing history →

Source: SEC EDGAR

accession 0001558370-23-016630

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.