secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2023-10-23T23:59:59+00:00
Accession:  0001558370-23-016630
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837023016630/0001558370-23-016630-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837023016630/smbk-20231023x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016630

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