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SmartFinancial ( (SMBK) ) just unveiled an announcement.
SmartFinancial reported a strong performance for the fourth quarter of 2024, with a net income of $9.6 million, an increase from both the prior year and the previous quarter. Notable achievements include a 13% year-over-year growth in loans and leases and a net interest margin expansion to 3.24%. The company’s credit quality remained solid, with a decrease in nonperforming assets. SmartFinancial’s leadership expressed confidence in continued profitability and value enhancement for shareholders into 2025.
More about SmartFinancial
SmartFinancial, Inc. operates in the financial industry, primarily offering banking services. The company focuses on providing a range of financial products and services, including loans and leases, with a significant market presence as a publicly traded entity on the NYSE under the ticker symbol SMBK.
YTD Price Performance: 2.83%
Average Trading Volume: 56,794
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $534.5M
See more data about SMBK stock on TipRanks’ Stock Analysis page.
