---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016630"
form_type: "8-K"
ticker: "SMBK"
cik: "0001038773"
company_name: "SMARTFINANCIAL INC."
filed_at: "2023-10-23T23:59:59+00:00"
generated_at: "2026-06-09T16:09:14.706751+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-016630
- form_type: 8-K
- ticker: SMBK
- cik: 0001038773
- company_name: SMARTFINANCIAL INC.
- filed_at: 2023-10-23T23:59:59+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/1038773/000155837023016630/0001558370-23-016630-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1038773/000155837023016630/smbk-20231023x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016630
- JSON: https://secwatch.observer/filing/0001558370-23-016630.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016630.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1038773/000155837023016630/0001558370-23-016630-index.htm
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1038773/000155837023016630/0001558370-23-016630-index.htm

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