Strong Net Income and Earnings Per Share
For Q2 2025, SmartFinancial posted net income of $11.7 million or $0.69 per diluted share, marking five consecutive quarters of positive leverage.
Tangible Book Value Growth
The tangible book value increased to $24.42 per share, representing a growth of over 13% annualized quarter-over-quarter.
Loan and Deposit Growth
Loans grew at a 13% annualized pace while deposits grew at a 5% annualized pace quarter-over-quarter.
Strong Credit Metrics
Nonperforming assets are at just 19 basis points, with net charge-offs at 0.01% annualized.
Revenue and Margin Expansion
Total revenue came in at $49.2 million, with a net interest margin increase to 3.29%, representing an 8 basis point improvement over the previous quarter.
Successful Recruitment of Talent
The company is expanding its talent pool with new hires focused on commercial banking, private banking, and treasury management.