---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-005422"
form_type: "8-K"
ticker: "SMBK"
cik: "0001038773"
company_name: "SMARTFINANCIAL INC."
filed_at: "2024-04-22T23:59:59+00:00"
generated_at: "2026-06-03T13:25:43.013557+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# SmartFinancial Q1 net income $9.4M ($0.55 EPS); loan growth 4% annualized

## Summary
- Net income $9.4M ($0.55 diluted EPS) vs $11.5M ($0.68) Q1 2023; operating EPS $0.49.
- Net organic loan and lease growth of $34M (4% annualized); deposits up $126.3M (12%).
- NIM (tax-equivalent) 2.85% vs 2.86% prior quarter; cost of total deposits 2.52%.
- Nonperforming assets to total assets 0.18%, credit quality remains solid.
- CEO cites momentum, expense discipline, and margin inflection point on horizon.

## SEC filing metadata
- accession: 0001558370-24-005422
- form_type: 8-K
- ticker: SMBK
- cik: 0001038773
- company_name: SMARTFINANCIAL INC.
- filed_at: 2024-04-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1038773/000155837024005422/0001558370-24-005422-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1038773/000155837024005422/smbk-20240422x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-005422
- JSON: https://secwatch.observer/filing/0001558370-24-005422.json
- Plain text: https://secwatch.observer/filing/0001558370-24-005422.txt

## Key facts
- Earnings Releases
  SMARTFINANCIAL INC. reported the first quarter of 2024 results: net income $9.4 million, EPS $0.55 per diluted common share.
  - Period: the first quarter of 2024
  - Net income: $9.4 million
  - EPS: $0.55 per diluted common share
  - Result: reported results
  source text: SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NYSE: SMBK), today announced net income of $9.4 million, or $0.55 per diluted common share, for the first quarter of 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1038773/000155837024005422/0001558370-24-005422-index.htm

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