secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2024-04-22T23:59:59+00:00
Accession:  0001558370-24-005422
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837024005422/0001558370-24-005422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837024005422/smbk-20240422x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-005422

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer