Loading...
•
Jun 30, 2023
Smartfinancial Q2 2023 Earnings Report
Net income decreased due to headwinds related to deposit pricing.
Key Takeaways
SmartFinancial reported net income of $8.8 million, or $0.52 per diluted common share, for the second quarter of 2023. The results reflect the strength of the balance sheet and focus on expense management.
Operating earnings of $8.8 million, or $0.52 per diluted common share.
Net organic loan and lease growth of $56 million - 7% annualized quarter-over-quarter increase.
Credit quality remains solid with nonperforming assets to total assets of 0.12%.
Addition of seasoned wealth management team in Dothan, Alabama.
Revenue by Segment
Forward Guidance
Company did not provide forward guidance in the earnings report.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...