secwatch.observer — SEC 8-K summary
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Issuer:     SMARTFINANCIAL INC. (SMBK)
CIK:        0001038773
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001558370-24-013421
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SmartFinancial Q3 net income $9.1M ($0.54 EPS), up from $2.1M year ago; loan growth 16% annualized
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- Net income of $9.1M ($0.54 diluted EPS) vs $2.1M ($0.12) in Q3 2023; operating EPS $0.54.
- Net interest margin expanded 14 bps to 3.11% QoQ; net interest income $35.0M.
- Organic loan and lease growth of $144M (16% annualized QoQ); NPAs only 0.26% of assets.
- Tangible book value per share grew 19% annualized QoQ; REIT subsidiary established for tax savings.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1038773/000155837024013421/0001558370-24-013421-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1038773/000155837024013421/smbk-20241021x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013421

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