SmartFinancial reports Q4 EPS 57c, consensus 50c

Reports Q4 NII $37.8M vs. $31.5M last year. Reports Q4 net interest margin 3.24% vs. 3.11% in Q3. Billy Carroll, President & CEO, stated: “As we closed 2023, I noted the strong positioning of our Company and expressed my optimism for the year ahead. Now, reflecting on 2024, it’s clear that this optimism was justified. Highlighted by 13% year-over-year loan and lease growth, a fourth quarter net interest margin of 3.24%, 38 basis points higher than the fourth quarter of 2023, continued profitability improvement and numerous operational achievements, 2024 was a notable year. As we look ahead to 2025, we remain committed and confident in our ability to further enhance profitability and drive value for our shareholders.”