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Mar 31, 2022
Smartfinancial Q1 2022 Earnings Report
SmartFinancial reported results for the first quarter of 2022
Key Takeaways
SmartFinancial announced net income of $8.3 million, or $0.49 per diluted common share, for the first quarter of 2022. Net organic loan and lease growth was over $136.9 million, and non-time deposit growth was over $195.0 million.
Operating earnings of $8.6 million, or $0.51 per diluted common share, for the first quarter of 2022
Net organic loan and lease growth of over $136.9 million - 21% annualized quarter-over-quarter increase
Non-time deposit growth of over $195.0 million – 23% annualized quarter-over-quarter increase
Credit quality remains solid with nonperforming assets to total assets of 0.11%
Revenue by Segment
Forward Guidance
SmartFinancial remains bullish on the company’s 2022 outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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