Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
SmartFinancial ( (SMBK) ) has provided an update.
SmartFinancial reported a strong third quarter of 2024 with a net income of $9.1 million, showcasing a significant increase from the previous year and quarter. The company highlighted a 16% growth in net organic loans and leases and a 14 basis point expansion in its net interest margin to 3.11%. Additionally, SmartFinancial enhanced its financial strategies with the establishment of a REIT subsidiary. The company maintained solid credit quality and celebrated a nearly 9% growth in tangible book value per share, affirming its robust operational performance and positive outlook.
For a thorough assessment of SMBK stock, go to TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue