Declared Dividend • May 04
First quarter dividend increased to US$0.09 Dividend of US$0.09 is 13% higher than last year. Ex-date: 15th May 2026 Payment date: 1st June 2026 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 8.1% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 02
SmartFinancial, Inc. announces Quarterly dividend, payable on June 01, 2026 SmartFinancial, Inc. announced Quarterly dividend of USD 0.0900 per share payable on June 01, 2026, ex-date on May 15, 2026 and record date on May 15, 2026. Reported Earnings • Apr 21
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First quarter 2026 results: EPS: US$0.81 (up from US$0.67 in 1Q 2025). Revenue: US$49.7m (up 8.3% from 1Q 2025). Net income: US$13.7m (up 22% from 1Q 2025). Profit margin: 28% (up from 25% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.8%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 8.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 20
SmartFinancial, Inc. Announces Net Charge-Offs for the First Quarter Ended March 31, 2026 SmartFinancial, Inc. announced net charge-offs for the first quarter ended March 31, 2026. For the period, the company reported net charge-offs of $169,000. Announcement • Apr 08
SmartFinancial, Inc., Annual General Meeting, May 21, 2026 SmartFinancial, Inc., Annual General Meeting, May 21, 2026. Location: 5401 kingston pike, suite 600, tennessee 37919, knoxvile United States Announcement • Apr 07
SmartFinancial, Inc. to Report Q1, 2026 Results on Apr 20, 2026 SmartFinancial, Inc. announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on Apr 20, 2026 Reported Earnings • Mar 17
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: US$3.00 (up from US$2.16 in FY 2024). Revenue: US$192.7m (up 16% from FY 2024). Net income: US$50.3m (up 39% from FY 2024). Profit margin: 26% (up from 22% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.29% (up from 3.04% in FY 2024). Cost-to-income ratio: 65.5% (down from 70.5% in FY 2024). Non-performing loans: 0.22% (up from 0.20% in FY 2024). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 18% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 04
Fourth quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 13th February 2026 Payment date: 2nd March 2026 Dividend yield will be 0.8%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (11% payout ratio) and is expected to be well covered in 3 years' time (9% forecast payout ratio). The dividend has increased by an average of 8.1% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 32% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 02
SmartFinancial, Inc. (NYSE:SMBK) announces an Equity Buyback for $10 million worth of its shares. SmartFinancial, Inc. (NasdaqCM:SMBK) announces a share repurchase program. Under the program, the company will repurchase up to $10 million worth of its own shares. The program will be valid till February 28, 2027. Announcement • Jan 31
SmartFinancial, Inc. Declares Quarterly Cash Dividend, Payable on March 2, 2026 SmartFinancial, Inc. announced that on January 29, 2026, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on March 2, 2026, to shareholders of record as of the close of business on February 13, 2026. Price Target Changed • Jan 22
Price target increased by 7.2% to US$43.38 Up from US$40.46, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$41.41. Stock is up 18% over the past year. The company is forecast to post earnings per share of US$3.46 for next year compared to US$3.00 last year. Reported Earnings • Jan 21
Full year 2025 earnings: EPS in line with analyst expectations despite revenue beat Full year 2025 results: EPS: US$3.00 (up from US$2.16 in FY 2024). Revenue: US$192.7m (up 16% from FY 2024). Net income: US$50.3m (up 39% from FY 2024). Profit margin: 26% (up from 22% in FY 2024). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.29% (up from 3.04% in FY 2024). Cost-to-income ratio: 64.4% (down from 70.5% in FY 2024). Non-performing loans: 0.22% (up from 0.20% in FY 2024). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 9.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 21
SmartFinancial, Inc. Announces Net Charge-Offs for the Fourth Quarter Ended December 31, 2025 SmartFinancial, Inc. announced net charge-offs for the fourth quarter ended December 31, 2025. For the period, the company reported net charge-offs of $1,892,000. Announcement • Jan 06
SmartFinancial, Inc. to Report Q4, 2025 Results on Jan 20, 2026 SmartFinancial, Inc. announced that they will report Q4, 2025 results After-Market on Jan 20, 2026 Recent Insider Transactions • Dec 12
Independent Director recently sold US$404k worth of stock On the 10th of December, Steven Tucker sold around 11k shares on-market at roughly US$38.01 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$385k more than they bought in the last 12 months. Recent Insider Transactions Derivative • Dec 11
Independent Director notifies of intention to sell stock Steven Tucker intends to sell 11k shares in the next 90 days after lodging an Intent To Sell Form on the 10th of December. If the sale is conducted around the recent share price of US$38.01, it would amount to US$404k. Since March 2025, Steven has owned 60.54k shares directly. Company insiders have collectively bought US$19k more than they sold, via options and on-market transactions, in the last 12 months. Declared Dividend • Nov 06
Third quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 17th November 2025 Payment date: 2nd December 2025 Dividend yield will be 0.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (12% payout ratio) and is expected to be well covered in 3 years' time (10% forecast payout ratio). The dividend has increased by an average of 8.1% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Nov 04
SmartFinancial, Inc. Approves Regular Quarterly Cash Dividend, Payable on December 2, 2025 SmartFinancial, Inc. announced that on October 31, 2025, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on December 2, 2025, to shareholders of record as of the close of business on November 17, 2025. Reported Earnings • Oct 23
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: US$0.82 (up from US$0.55 in 3Q 2024). Revenue: US$50.8m (up 22% from 3Q 2024). Net income: US$13.7m (up 50% from 3Q 2024). Profit margin: 27% (up from 22% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 13%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Oct 22
SmartFinancial, Inc. Announces Net Charge-Offs for the Three Months Ended September 30, 2025 SmartFinancial, Inc. announced net charge-offs for the three months ended September 30, 2025. For the period, the company reported net charge-offs of $1,053,000. Announcement • Oct 03
SmartFinancial, Inc. to Report Q3, 2025 Results on Oct 21, 2025 SmartFinancial, Inc. announced that they will report Q3, 2025 results After-Market on Oct 21, 2025 Announcement • Aug 21
SmartFinancial, Inc. announced that it has received $100 million in funding SmartFinancial, Inc. announced that it has entered into a subordinated note purchase agreement with certain institutional accredited investors and qualified institutional buyers, to issue 7.25% Fixed-to-Floating Rate Subordinated Notes due on September 1, 2035 for the gross proceeds of $100 million in aggregate principal amount of its The notes are redeemable in whole or in part, on or after September 1, 2030, and in full, at any time upon the occurrence of certain events. The Notes will bear interest at a fixed rate of 7.25% per year, from and including August 20, 2025 to, but excluding September 1, 2030 or earlier redemption date. From and including September 1, 2030 to, but excluding the maturity date or early redemption date, the interest rate will reset quarterly at a variable rate equal to the then current three-month term secured overnight financing rate. The Notes were offered and sold by the Company in a private placement transaction in reliance on exemptions from the registration requirements of the Securities Act of 1933, as amended. pursuant to Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D thereunder. Declared Dividend • Jul 28
Second quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 8th August 2025 Payment date: 25th August 2025 Dividend yield will be 0.9%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 8.1% per year over the past 6 years and payments have been stable during that time. EPS is expected to grow by 16% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 25
SmartFinancial Approves Regular Quarterly Cash Dividend, Payable on August 25, 2025 SmartFinancial, Inc. announced that on July 24, 2025, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on August 25, 2025, to shareholders of record as of the close of business on August 8, 2025. Reported Earnings • Jul 22
Second quarter 2025 earnings: EPS and revenues exceed analyst expectations Second quarter 2025 results: EPS: US$0.70 (up from US$0.48 in 2Q 2024). Revenue: US$46.8m (up 19% from 2Q 2024). Net income: US$11.7m (up 46% from 2Q 2024). Profit margin: 25% (up from 20% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.5%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Jul 22
Smartfinancial, Inc. Announces Net Charge-Offs for the Three Months Ended June 30, 2025 SmartFinancial, Inc. announced net charge-offs for the three months ended June 30, 2025. For the period, the company reported net charge-offs of $146,000. Announcement • Jul 02
SmartFinancial, Inc. to Report Q2, 2025 Results on Jul 21, 2025 SmartFinancial, Inc. announced that they will report Q2, 2025 results After-Market on Jul 21, 2025 Major Estimate Revision • Apr 28
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$194.4m to US$197.3m. EPS estimate increased from US$2.42 to US$2.72 per share. Net income forecast to grow 25% next year vs 13% growth forecast for Banks industry in the US. Consensus price target broadly unchanged at US$36.21. Share price rose 6.2% to US$30.09 over the past week. Declared Dividend • Apr 24
First quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 2nd May 2025 Payment date: 19th May 2025 Dividend yield will be 1.1%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 9.9% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 15% over the next year, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 22
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: US$0.67 (up from US$0.56 in 1Q 2024). Revenue: US$45.9m (up 13% from 1Q 2024). Net income: US$11.3m (up 20% from 1Q 2024). Profit margin: 25% (up from 23% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Apr 10
SmartFinancial, Inc., Annual General Meeting, May 22, 2025 SmartFinancial, Inc., Annual General Meeting, May 22, 2025. Location: smartbank executive office ,5401 kingston pike, suite 600 tennessee 37919, knoxville, United States Announcement • Apr 08
SmartFinancial, Inc. to Report Q1, 2025 Results on Apr 21, 2025 SmartFinancial, Inc. announced that they will report Q1, 2025 results After-Market on Apr 21, 2025 Announcement • Mar 28
SmartFinancial, Inc. Appoints Kelli D. Shomaker as A Director and Member of Corporate Governance Committee On March 27, 2025, the Board of Directors of SmartFinancial, Inc. increased the size of the Board of Directors from ten to eleven directors, effective immediately. Also, on March 27, 2025, the Board of Directors appointed Kelli D. Shomaker as a director of SmartFinancial, effective immediately. Ms. Shomaker will serve on the Corporate Governance Committee of SmartFinancial, effective as of March 27, 2025. Ms. Shomaker, age 62, is in her ninth year at Auburn University, where she serves as the Senior Vice President for Business and Administration and Chief Financial Officer. Ms. Shomaker is a seasoned administrator, having spent over twenty-nine years in higher education, including sixteen years at Texas A&M University. Ms. Shomaker oversees financial reporting, budgets, procurement and payments, cash management, debt management, facilities, real estate, human resources, trademark and licensing, and numerous administrative units on campus. Ms. Shomaker received her bachelor’s degree in accounting from Texas A&M University, a master’s degree in Higher Education Administration from Auburn University and is a Certified Public Accountant. Prior to serving in higher education, Ms. Shomaker was the Vice President, Treasurer and Controller for a publicly traded investment company and worked as an auditor for the accounting firm of PricewaterhouseCoopers. Ms. Shomaker serves as a board member of the Retirement System of Alabama, the Alabama Public Education Employees Health Insurance Plan, and the Treasury Institute of Higher Education. Reported Earnings • Mar 18
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: US$2.16 (up from US$1.70 in FY 2023). Revenue: US$166.3m (up 11% from FY 2023). Net income: US$36.1m (up 26% from FY 2023). Profit margin: 22% (up from 19% in FY 2023). The increase in margin was driven by higher revenue. Net interest margin (NIM): 3.04% (up from 2.97% in FY 2023). Cost-to-income ratio: 70.5% (down from 74.2% in FY 2023). Non-performing loans: 0.20% (down from 0.24% in FY 2023). Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.4% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Declared Dividend • Jan 24
Fourth quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 31st January 2025 Payment date: 18th February 2025 Dividend yield will be 0.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (15% payout ratio) and is expected to be well covered in 3 years' time (13% forecast payout ratio). The dividend has increased by an average of 9.9% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 31% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Price Target Changed • Jan 23
Price target increased by 8.7% to US$38.38 Up from US$35.29, the current price target is an average from 6 analysts. New target price is 9.6% above last closing price of US$35.01. Stock is up 46% over the past year. The company is forecast to post earnings per share of US$2.40 for next year compared to US$2.16 last year. Announcement • Jan 07
SmartFinancial, Inc. to Report Q4, 2024 Results on Jan 21, 2025 SmartFinancial, Inc. announced that they will report Q4, 2024 results After-Market on Jan 21, 2025 Recent Insider Transactions • Dec 11
Independent Director recently sold US$740k worth of stock On the 6th of December, John Presley sold around 21k shares on-market at roughly US$35.80 per share. This transaction amounted to 66% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$1.6m more than they bought in the last 12 months. Recent Insider Transactions Derivative • Dec 06
Independent Director notifies of intention to sell stock John Presley intends to sell 28k shares in the next 90 days after lodging an Intent To Sell Form on the 4th of December. If the sale is conducted around the recent share price of US$36.00, it would amount to US$993k. Since March 2024, John's direct individual holding has decreased from 46.53k shares to 31.53k. Company insiders have collectively sold US$680k more than they bought, via options and on-market transactions in the last 12 months. Price Target Changed • Nov 19
Price target increased by 8.1% to US$35.54 Up from US$32.88, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$35.76. Stock is up 68% over the past year. The company is forecast to post earnings per share of US$2.08 for next year compared to US$1.70 last year. Recent Insider Transactions Derivative • Nov 08
Independent Director notifies of intention to sell stock John Presley intends to sell 8k shares in the next 90 days after lodging an Intent To Sell Form on the 7th of November. If the sale is conducted around the recent share price of US$36.18, it would amount to US$271k. Since December 2023, John's direct individual holding has decreased from 45.16k shares to 39.03k. Company insiders have collectively sold US$740k more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Nov 07
Independent Director recently sold US$223k worth of stock On the 5th of November, Steven Tucker sold around 7k shares on-market at roughly US$33.14 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$724k more than they bought in the last 12 months. Declared Dividend • Nov 01
Third quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 12th November 2024 Payment date: 27th November 2024 Dividend yield will be 1.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (4% payout ratio) and is expected to be well covered in 3 years' time (14% forecast payout ratio). The dividend has increased by an average of 9.9% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 33% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 29
SmartFinancial, Inc. Approves Regular Quarterly Cash Dividend, Payable on November 27, 2024 SmartFinancial, Inc. announced that on October 25, 2024, the board of directors of the company declared a quarterly cash dividend of $0.08 per share of the company's common stock payable on November 27, 2024, to shareholders of record as of the close of business on November 12, 2024. Price Target Changed • Oct 24
Price target increased by 8.2% to US$32.88 Up from US$30.38, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of US$32.35. Stock is up 57% over the past year. The company is forecast to post earnings per share of US$2.07 for next year compared to US$1.70 last year. Reported Earnings • Oct 23
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: US$0.55 (up from US$0.12 in 3Q 2023). Revenue: US$41.6m (up 35% from 3Q 2023). Net income: US$9.14m (up 342% from 3Q 2023). Profit margin: 22% (up from 6.7% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 5.3%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Oct 03
SmartFinancial, Inc. to Report Q3, 2024 Results on Oct 21, 2024 SmartFinancial, Inc. announced that they will report Q3, 2024 results After-Market on Oct 21, 2024 Declared Dividend • Jul 29
Second quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 9th August 2024 Payment date: 26th August 2024 Dividend yield will be 1.1%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 9.9% per year over the past 5 years and payments have been stable during that time. EPS is expected to grow by 24% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 26
SmartFinancial, Inc. Approves Regular Quarterly Cash Dividend, Payable on August 26, 2024 SmartFinancial, Inc. announced that on July 25, 2024, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on August 26, 2024, to shareholders of record as of the close of business on August 9, 2024. Price Target Changed • Jul 24
Price target increased by 15% to US$29.40 Up from US$25.60, the current price target is an average from 5 analysts. New target price is 7.3% above last closing price of US$27.40. Stock is up 12% over the past year. The company is forecast to post earnings per share of US$1.99 for next year compared to US$1.70 last year. Reported Earnings • Jul 23
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: US$0.48 (down from US$0.53 in 2Q 2023). Revenue: US$39.5m (up 2.4% from 2Q 2023). Net income: US$8.00m (down 9.4% from 2Q 2023). Profit margin: 20% (down from 23% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 23%. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jul 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$27.43, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Banks industry in the US. Total returns to shareholders of 19% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$37.50 per share. Announcement • Jul 04
SmartFinancial, Inc. to Report Q2, 2024 Results on Jul 22, 2024 SmartFinancial, Inc. announced that they will report Q2, 2024 results on Jul 22, 2024 Recent Insider Transactions • May 31
Independent Director recently sold US$170k worth of stock On the 29th of May, John Presley sold around 8k shares on-market at roughly US$22.65 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$512k more than they bought in the last 12 months. Declared Dividend • Apr 29
First quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 9th May 2024 Payment date: 28th May 2024 Dividend yield will be 1.5%, which is lower than the industry average of 3.2%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 18% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 27
SmartFinancial, Inc. Declares Quarterly Cash Dividend, Payable on May 28, 2024 SmartFinancial, Inc. declared a quarterly cash dividend of $0.08 per share of the company common stock payable on May 28, 2024, to shareholders of record as of the close of business on May 10, 2024. New Risk • Apr 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 18% Last year net profit margin: 28% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (18% net profit margin). Reported Earnings • Apr 23
First quarter 2024 earnings: EPS exceeds analyst expectations First quarter 2024 results: EPS: US$0.56 (down from US$0.69 in 1Q 2023). Revenue: US$40.5m (down 4.3% from 1Q 2023). Net income: US$9.36m (down 19% from 1Q 2023). Profit margin: 23% (down from 27% in 1Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 34%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year whereas the company’s share price has fallen by 5% per year. Announcement • Apr 10
SmartFinancial, Inc., Annual General Meeting, May 23, 2024 SmartFinancial, Inc., Annual General Meeting, May 23, 2024, at 14:30 Eastern Daylight. Location: 5401 Kingston Pike, Suite 600 Knoxville Tennessee United States Agenda: To elect directors; to ratify the appointment of its independent registered public accounting firm for its fiscal year ending December 31, 2024; to approve, on a non-binding advisory basis, the compensation of Smart Financial's named executive officers as listed in the accompanying proxy materials; and to consider other matters as may properly come before the Annual Meeting or any adjournment of the meeting. Announcement • Apr 06
SmartFinancial, Inc. to Report Q1, 2024 Results on Apr 22, 2024 SmartFinancial, Inc. announced that they will report Q1, 2024 results on Apr 22, 2024 Reported Earnings • Mar 17
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$1.70 (down from US$2.57 in FY 2022). Revenue: US$149.4m (down 7.3% from FY 2022). Net income: US$28.6m (down 34% from FY 2022). Profit margin: 19% (down from 27% in FY 2022). The decrease in margin was primarily driven by lower revenue. Net interest margin (NIM): 2.97% (down from 3.20% in FY 2022). Cost-to-income ratio: 70.3% (up from 64.3% in FY 2022). Non-performing loans: 0.24% (up from 0.09% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 9.4% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Mar 14
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.6% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Board Change • Feb 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 8 highly experienced directors. Independent Director Cathy Ackermann was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jan 25
Fourth quarter dividend of US$0.08 announced Dividend of US$0.08 is the same as last year. Ex-date: 1st February 2024 Payment date: 20th February 2024 Dividend yield will be 1.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (19% payout ratio) and is expected to be well covered in 3 years' time (16% forecast payout ratio). The dividend has increased by an average of 12% per year over the past 4 years and payments have been stable during that time. EPS is expected to grow by 30% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jan 24
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: US$1.70 (down from US$2.57 in FY 2022). Revenue: US$149.4m (down 7.3% from FY 2022). Net income: US$28.6m (down 34% from FY 2022). Profit margin: 19% (down from 27% in FY 2022). The decrease in margin was primarily driven by lower revenue. Net interest margin (NIM): 2.97% (down from 3.20% in FY 2022). Cost-to-income ratio: 70.3% (up from 64.3% in FY 2022). Non-performing loans: 0.24% (up from 0.09% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.0%. Revenue is forecast to grow 9.3% p.a. on average during the next 2 years, compared to a 5.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 6% per year. Announcement • Jan 23
SmartFinancial, Inc. Declares Quarterly Cash Dividend, Payable on February 20, 2024 On January 18, 2024, the board of directors of SmartFinancial, Inc. declared a quarterly cash dividend of $0.08 per share of the company common stock payable on February 20, 2024, to shareholders of record as of the close of business on February 2, 2024. Price Target Changed • Jan 08
Price target increased by 9.2% to US$25.36 Up from US$23.21, the current price target is an average from 7 analysts. New target price is 7.3% above last closing price of US$23.63. Stock is down 12% over the past year. The company is forecast to post earnings per share of US$1.73 for next year compared to US$2.57 last year. Announcement • Jan 06
SmartFinancial, Inc. to Report Q4, 2023 Results on Jan 22, 2024 SmartFinancial, Inc. announced that they will report Q4, 2023 results on Jan 22, 2024 New Risk • Dec 03
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: US$336k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.08 per share at 1.5% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 27 November 2023. Payout ratio is a comfortable 15% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of American dividend payers (5.3%). Lower than average of industry peers (4.0%). Major Estimate Revision • Oct 30
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$2.13 to US$1.74 per share. Revenue forecast steady at US$158.4m. Net income forecast to shrink 15% next year vs 9.6% decline forecast for Banks industry in the US. Consensus price target down from US$25.71 to US$23.07. Share price was steady at US$20.30 over the past week. Reported Earnings • Oct 25
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: US$0.12 (down from US$0.69 in 3Q 2022). Revenue: US$30.9m (down 26% from 3Q 2022). Net income: US$2.07m (down 82% from 3Q 2022). Profit margin: 6.7% (down from 28% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 18%. Earnings per share (EPS) also missed analyst estimates by 74%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 11% per year. Price Target Changed • Oct 25
Price target decreased by 8.6% to US$23.50 Down from US$25.71, the current price target is an average from 7 analysts. New target price is 18% above last closing price of US$20.00. Stock is down 30% over the past year. The company is forecast to post earnings per share of US$1.74 for next year compared to US$2.57 last year. Announcement • Oct 06
SmartFinancial, Inc. to Report Q3, 2023 Results on Oct 23, 2023 SmartFinancial, Inc. announced that they will report Q3, 2023 results on Oct 23, 2023 Announcement • Sep 28
SmartFinancial, Inc. and SmartBank Announces Resignation of Gregory L. Davis, Executive Vice President and Chief Lending Officer, Effective September 29, 2023 On September 21, 2023, Gregory L. Davis, Executive Vice President and Chief Lending Officer of SmartFinancial, Inc. (the “Company”) and the company’s wholly-owned subsidiary, SmartBank, formally tendered his resignation to pursue a career outside of banking, effective September 29, 2023. Mr. Davis’s resignation was not a result of any disagreement with the Company on any matters related to the Company’s operations, policies or practices. Upcoming Dividend • Aug 03
Upcoming dividend of US$0.08 per share at 1.3% yield Eligible shareholders must have bought the stock before 10 August 2023. Payment date: 28 August 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of American dividend payers (4.7%). Lower than average of industry peers (3.4%). Price Target Changed • Jul 31
Price target increased by 9.4% to US$26.43 Up from US$24.17, the current price target is an average from 7 analysts. New target price is 5.2% above last closing price of US$25.12. Stock is down 3.6% over the past year. The company is forecast to post earnings per share of US$2.13 for next year compared to US$2.57 last year. 
