secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001558370-24-009947
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837024009947/0001558370-24-009947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837024009947/smbk-20240722x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-009947

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