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SmartFinancial (SMBK)
NYSE:SMBK
Earnings Data
Report Date
Apr 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.78Last Year’s EPS
0.67Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a broadly positive picture: strong organic growth across loans and deposits, record annual earnings, meaningful PPNR expansion (44% YoY), improved efficiency (60% vs. 64%) and low credit metrics (NPA 0.22%, net charge-offs 8 bps). Management is reducing expensive brokered funding, growing core deposits, and guiding toward higher margins through the year. Key negatives were limited and specific: a modest provision and allowance build related to a small fountain equipment loan segment (~$2.4M), a small decline in loan yields, seasonal/compensation-driven near-term expense pressure, and a pending allowance-model-driven slight ACL increase. Overall, the positive items substantially outweigh the isolated headwinds.Company Guidance
Record Annual Earnings and Strong Quarterly Operating Earnings
Full-year 2025 record earnings of over $51.0 million; Q4 operating earnings of $13.7 million, or $0.81 per diluted share.
Tangible Book Value Growth
Tangible book value of $26.85 per share, up over 13% annualized quarter-over-quarter and 17% for the year.
Robust Loan and Deposit Growth
Loan growth of 13% annualized quarter-over-quarter; full-year net loan balances up $457 million (12%); core deposit balances up $626 million (14% excluding brokered CDs).
Pre-Provision Net Revenue (PPNR) Expansion
PPNR rose from $14.5 million in Q4 2024 to a record $20.9 million in Q4 2025, a 44% year-over-year increase.
Net Interest Margin and Funding Cost Improvement
NIM increased 13 basis points to 3.38% in Q4; funding costs fell 17–19 basis points (interest-bearing deposit cost declined 19 bps to 2.79% and new deposit production cost was 2.60%, down 87 bps from prior quarter). Q1 2026 margin guidance 3.40%–3.45% with expectation to reach ~3.50%+ by year-end.
Deposit Mix and Brokered Funding Reduction
Non-broker deposits grew $214 million (nearly 18% annualized) and the company paid down $112 million of broker deposits (avg ~4.27%); additional $44 million paydown planned in Q1, leaving approximately $8 million in brokered deposits.
Operating Efficiency and Expense Discipline
Operating noninterest expenses held steady at $32.5 million; operating efficiency ratio improved to 60% from 64% last quarter; management targeting ~5% expense growth year-over-year and guiding consolidated noninterest expense in Q1 to $33.5M–$34M.
Strong Asset Quality and Credit Metrics
Nonperforming assets remain very low at 0.22% of total assets (22 bps); 2025 net charge-offs were only 8 bps to average loans; allowance for credit losses at quarter-end was 0.94% of total loans.
Capital and Liquidity Profile
Company remains well capitalized with consolidated risk-based capital of 12.67% and tangible common equity ratio improved 15 bps to 7.9%; quarter-end loan-to-deposit ratio of 85% and securities targeted to remain ~11%–12% of assets.
Revenue Diversity and Noninterest Income Strength
Q4 operating noninterest income of $8.2 million (above expectations), driven by elevated mortgage banking revenue and customer swap fees from Capital Markets.
Strategic Geographic Expansion and Talent Acquisition
Announced planned expansion into Columbus, Georgia with new local bankers; continuing recruitment across core markets (e.g., Nashville, Birmingham) to support organic growth strategy.
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
SMBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 20, 2026 | $39.00 | $40.39 | +3.56% |
Oct 21, 2025 | $35.21 | $36.26 | +2.98% |
Jul 21, 2025 | $35.98 | $35.33 | -1.81% |
Apr 21, 2025 | $28.20 | $30.09 | +6.70% |
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.
FAQ
When does SmartFinancial (SMBK) report earnings?
SmartFinancial (SMBK) is schdueled to report earning on Apr 27, 2026, Before Open (Confirmed).
What is SmartFinancial (SMBK) earnings time?
SmartFinancial (SMBK) earnings time is at Apr 27, 2026, Before Open (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 2026 (Q1) is 0.78.