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Mar 31, 2021
Smartfinancial Q1 2021 Earnings Report
Reported net income of $9.8 million and EPS of $0.65, driven by organic loan growth and PPP loan originations.
Key Takeaways
SmartFinancial announced strong first-quarter results, with net income and operating earnings reaching $9.8 million, or $0.65 per diluted share. The company experienced organic loan growth and completed a lift-out of an experienced banking team in the Gulf Coast Region. They also announced the proposed acquisition of Sevier County Bancshares, Inc.
Net income and operating earnings (non-GAAP) of $9.8 million, or $0.65 per diluted share
Tangible book value per share (Non-GAAP) of $18.39, a 10.5% annualized quarter-over-quarter increase
Organic loan growth of over $60 million, a 10.4% annualized quarter-over-quarter increase
Originated 1,231 of Paycheck Protection Program (“PPP”) loans totaling $119.5 million
Revenue by Segment
Forward Guidance
This document does not contain forward guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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