SmartFinancial (SMBK)
NYSE:SMBK
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Earnings Data
Report Date
Jul 27, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.9Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call described a strong start to 2026 with robust organic loan and core deposit growth, improved net interest margin and net interest income, solid credit metrics, and improving capital and tangible book value. Headwinds noted were mostly manageable and operational: an ACL model-driven uptick in provisioning, modest asset yield compression, seasonally lower noninterest income, selective increases in compensation expense, and heightened competitive pressure that could pressure funding costs. Management provided reasonable near-term guidance (flat NIM in Q2, modest margin improvement later in the year) and reiterated disciplined pricing and liquidity management.Company Guidance
Tangible Book Value Increased
Tangible book value rose to $27.33 per share from $26.86 at year-end, an increase of $0.47 per share (≈+1.8%), signaling continued capital build and shareholder value growth.
Solid Operating Earnings and Revenue
Operating earnings of $13.7 million ($0.81 diluted EPS) and total operating revenue of $53.8 million, up from $53.3 million in the prior quarter (+$0.5M, ≈+0.9%) despite two fewer days in the quarter.
Strong Loan and Deposit Growth
Loans grew 14% annualized quarter-over-quarter and core (nonbrokered) deposits increased 7% annualized (excluding brokered CD payoffs). Net new nonbrokered deposits were +$95 million during the quarter.
Net Interest Income and Margin Improvement
Net interest income increased to $45.9 million (+$0.78M, ≈+1.7% QoQ). Net interest margin improved 10 basis points to 3.48%, driven by an 18 basis point reduction in funding costs that more than offset modest asset yield compression.
New Production Yields and Loan Repricing
Rate-average yield on new loan production was 6.40% for the quarter and 6.45% in March. Management reported 88% of loans up for repricing/renewal are being renewed, coming in ~120 basis points higher than prior loan terms.
Disciplined Funding and Liquidity Management
Paid down $52 million of higher-cost brokered deposits (avg rate 4.35%) while maintaining a robust liquidity profile with a loan-to-deposit ratio around 86%–87% and noninterest-bearing deposits >18% of total deposits at quarter-end.
Strong Credit Quality and Capital Position
Asset quality remains strong: nonperforming assets ~0.25% of total assets and net charge-offs limited to 2 basis points. Allowance for credit losses increased to $44 million (0.97% of loans) after model updates. Capital metrics: TCE ~8% and total risk-based capital 12.7% (well above regulatory well-capitalized thresholds).
Organic Growth Strategy and Talent Additions
Management emphasized successful organic growth execution and selective recruiting, including a senior director hire for private banking & wealth management to expand high-net-worth capabilities; continued focus on expanding in markets such as Nashville and Columbus, GA.
Near-Term Guidance and Efficiency Targets
Q2 guidance: noninterest income ≈$7.8M; noninterest expense $34.0M–$34.5M. Management expects NIM to be roughly flat in Q2 and to improve modestly in the back half of 2026, with a target to push efficiency toward ~60% by year-end.
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 |
|---|---|---|---|
Apr 20, 2026 | $42.38 | $42.76 | +0.90% |
Jan 20, 2026 | $38.92 | $40.31 | +3.57% |
Oct 21, 2025 | $35.06 | $36.11 | +2.98% |
Jul 21, 2025 | $35.83 | $35.19 | -1.80% |
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 Jul 27, 2026, Before Open (Confirmed).
What is SmartFinancial (SMBK) earnings time?
SmartFinancial (SMBK) earnings time is at Jul 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 (Q2) is 0.9.