SmartFinancial Q2 net income $8.0M ($0.48 EPS); loan growth 11% annualized, margin expands to 2.97%

SMARTFINANCIAL INC.

2024-Q2 EPS reported $1.03

Net income $8.0M ($0.48 diluted EPS) vs $8.8M ($0.52) YoY and $9.4M ($0.55) QoQ.
Net organic loan growth $97M (11% annualized QoQ); NIM expanded 12bp to 2.97% FTE.
Tangible book value per share up 10% annualized QoQ; operating EPS $0.46.
Repurchased 136,195 shares at avg $21.57; NPAs to total assets 0.20%.

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