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SmartFinancial (SMBK)
NYSE:SMBK
Earnings Data
Report Date
Apr 28, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.55Last Year’s EPS
0.49Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 21, 2025
|% Change Since: -3.21%
|Next Earnings Date:Apr 28, 2025
Earnings Call Sentiment|Positive
The earnings call presented a positive outlook with strong loan and deposit growth, improved net income and revenue, and an expansion in net interest margin. However, there were challenges such as increased noninterest expenses, a decrease in investment services revenue, and a slight decrease in capital ratios. Despite these, the company's strong credit quality and recognition as a great workplace contribute to a positive sentiment.Company Guidance
During the SmartFinancial Fourth Quarter 2024 Earnings Call, the executives provided detailed guidance and insights into the company's financial performance and expectations for the coming year. Key metrics highlighted included a net income of $9.6 million, or $0.57 per diluted share, and a 9% increase in tangible book value per share, reaching $24.25 excluding AOCI impacts. The company reported a strong balance sheet with a 20% annualized loan growth rate for Q4 and a 13.4% year-over-year increase, alongside a 34% annualized growth in deposits. The net interest margin expanded by 13 basis points to 3.24%, attributed to strategic deposit repositioning and a 7.08% yield on new loans. Nonperforming assets were at an impressively low 19 basis points, indicative of strong credit quality. Looking forward, the company anticipates maintaining mid- to high single-digit loan growth, with a focus on controlling expenses and achieving a quarterly revenue target of $50 million by Q3 2025. The executives also highlighted a favorable liquidity position, a loan-to-deposit ratio of 83%, and a strategic emphasis on operating leverage and profitability.Strong Loan and Deposit Growth
Loan growth at a 20% annualized pace for Q4 and 13.4% year-over-year. Deposit growth was approximately 34% annualized quarter-over-quarter.
Net Income and Revenue Increase
Net income for the quarter was $9.6 million or $0.57 per diluted share. Total revenue came in at $46.8 million.
Improved Tangible Book Value
Tangible book value increased to $22.85 per share, over 9% annualized quarter-over-quarter, excluding AOCI movement.
Net Interest Margin Expansion
Net interest margin expanded by 13 basis points to 3.24%.
Strong Credit Quality
Nonperforming loans to total loans at 20 basis points, and net charge-offs to average loans were 2 basis points annualized.
Certified Great Place to Work
Company recognized as a certified Great Place to Work and a regional top workplace for 8 consecutive years.
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SMBK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SMBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 21, 2025 | $32.11 | $34.70 | +8.07% |
| Oct 21, 2024 | $30.02 | $30.91 | +2.96% |
| Jul 22, 2024 | $26.88 | $27.80 | +3.42% |
| Apr 22, 2024 | $19.44 | $19.99 | +2.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does SmartFinancial (SMBK) report earnings?
SmartFinancial (SMBK) is schdueled to report earning on Apr 28, 2025, TBA Not Confirmed.
What is SmartFinancial (SMBK) earnings time?
SmartFinancial (SMBK) earnings time is at Apr 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SMBK EPS forecast?
SMBK EPS forecast for the fiscal quarter 2025 (Q1) is 0.55.
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