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SmartFinancial (SMBK)
NYSE:SMBK
Earnings Data
Report Date
Jul 28, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.61Last Year’s EPS
0.46Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 21, 2025
|% Change Since: 6.70%
|Next Earnings Date:Jul 28, 2025
Earnings Call Sentiment|Positive
SmartFinancial demonstrated robust financial performance in Q1 2025 with strong loan and deposit growth, stable credit quality, and effective expense management. However, challenges such as competitive loan pricing, slight pressure on net interest margins, and potential impacts from tariffs were noted. Overall, the positive aspects of growth and financial health outweigh the challenges, suggesting a cautiously optimistic outlook.Company Guidance
During the first quarter of the fiscal year 2025, SmartFinancial reported a net income of $11.3 million, translating to $0.67 per diluted share. The tangible book value per share increased to $23.61, or $24.76 excluding the impact of accumulated other comprehensive income (AOCI), marking an annualized growth of over 9% quarter-over-quarter. The company's loan growth was reported at a 9% annualized pace, aligned with expectations, while deposits grew at a 10% annualized rate. Nonperforming assets stood at just 19 basis points, reflecting continued strong credit quality. Total revenue for the quarter reached $46.8 million, with net interest income expanding as anticipated. Noninterest income was robust at $8.6 million, while noninterest expenses were stable at just over $32 million. SmartFinancial's loan-to-deposit ratio remained at 83%, and the net interest margin was slightly down at 3.21%, though the company anticipates margin expansion of 2-3 basis points per quarter throughout 2025. The provision for credit losses was $979,000, and the effective corporate tax rate was approximately 17%. The consolidated tangible common equity (TCE) ratio increased to 7.6%, and the total risk-based capital ratio was well above regulatory standards at 11.2%.Solid Financial Performance
Net income for the quarter was $11.3 million, or $0.67 per diluted share, with total revenue at $46.8 million. The tangible book value increased to $23.61 per share, over 9% annualized quarter-over-quarter, excluding AOCI impacts.
Strong Loan and Deposit Growth
Loan growth was at a 9% annualized pace, and deposit growth was at 10% quarter-over-quarter annualized. The loan-to-deposit ratio was maintained at 83%, providing flexibility for future growth.
Credit Quality and Expense Management
Nonperforming assets were only 19 basis points, and the allowance for credit losses was steady at 0.96% of total loans. Operating expenses were unchanged from the previous quarter, demonstrating effective expense management.
Noninterest Income and Capital Position
Noninterest income totaled $8.6 million, driven by insurance and mortgage banking revenues. The company's TCE ratio increased to 7.6%, with a total risk-based capital ratio of 11.2%.
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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 |
|---|---|---|---|
| Apr 21, 2025 | $28.34 | $30.24 | +6.70% |
| 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% |
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 Jul 28, 2025, TBA Not Confirmed.
What is SmartFinancial (SMBK) earnings time?
SmartFinancial (SMBK) earnings time is at Jul 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 (Q2) is 0.61.
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