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Sep 30, 2021
Smartfinancial Q3 2021 Earnings Report
Announced results for the third quarter of 2021.
Key Takeaways
SmartFinancial, Inc. reported a net income of $9.6 million, or $0.61 per diluted common share, for the third quarter of 2021. Operating earnings (Non-GAAP) totaled $9.9 million, or $0.63 per diluted common share.
Net organic loan growth of over $52 million, an 8.6% annualized quarter-over-quarter increase
Operating earnings (non-GAAP) of $0.63 per diluted share, a 43.2% increase from the prior-year-quarter
Tangible book value per share (Non-GAAP) of $19.03, a 7.3% annualized quarter-over-quarter increase
Completed the acquisition of Sevier County Bancshares (“SCB”)
Smartfinancial
Smartfinancial
Forward Guidance
No specific forward guidance was provided in the earnings report.