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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%
Smartfinancial
Smartfinancial
Smartfinancial Revenue by Segment
Revenue by Segment
Service Charges on Deposit Accounts Revenue
CapyFin.comInvestment Services Revenue
CapyFin.comInsurance Commissions Revenue
CapyFin.comInterchange and Debit Card Fees Revenue
CapyFin.com Forward Guidance
SmartFinancial remains bullish on the company’s 2022 outlook.
Revenue & Expenses
Visualization of income flow from segment revenue to net income