SmartFinancial, Inc. ( (SMBK) ) has released its Q2 earnings. Here is a breakdown of the information SmartFinancial, Inc. presented to its investors.
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SmartFinancial, Inc., headquartered in Knoxville, Tennessee, operates as a bank holding company for SmartBank, a full-service commercial bank with branches in Tennessee, Alabama, and Florida. The company focuses on recruiting top talent, providing exceptional client service, and maintaining a disciplined approach to lending.
In the second quarter of 2025, SmartFinancial reported a net income of $11.7 million, or $0.69 per diluted common share, marking a significant increase from $8.0 million, or $0.48 per share, in the same quarter of the previous year. The company also achieved a 13% annualized growth in net organic loans and leases, alongside five consecutive quarters of positive operating leverage.
Key financial highlights include a net interest income of $40.3 million, an increase from the previous quarter, and a net interest margin of 3.29%. The company reported solid credit quality, with nonperforming assets constituting 0.19% of total assets. Additionally, SmartFinancial experienced a tangible book value per share growth of 13.7% quarter-over-quarter.
Looking ahead, SmartFinancial’s management remains optimistic about leveraging its platform for organic growth and recruiting top talent as a strategy for continued success. The company is committed to maintaining its strong capital base and solid asset quality, positioning itself as a leading banking franchise in the Southeast.