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Dec 31, 2022
Smartfinancial Q4 2022 Earnings Report
Announced results for the fourth quarter, showing increased operating earnings and solid credit quality.
Key Takeaways
SmartFinancial reported a strong fourth quarter in 2022, with net income reaching $13.0 million, or $0.77 per diluted common share, and operating earnings of $12.9 million, or $0.76 per diluted common share. The company experienced net organic loan and lease growth of over $130.2 million, with credit quality remaining solid as nonperforming assets to total assets stayed at 0.10%.
Operating earnings of $12.9 million, or $0.76 per diluted common share.
Operating earnings increased 11% compared to the previous quarter and 48% compared to the same prior year quarter.
Net organic loan and lease growth of over $130.2 million, representing a 17% annualized quarter-over-quarter increase.
Net interest income growth of $904 thousand, or 10% annualized quarter-over-quarter increase.
Smartfinancial
Smartfinancial
Smartfinancial Revenue by Segment
Revenue by Segment
Service Charges on Deposit Accounts Revenue
CapyFin.comInvestment Services Revenue
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CapyFin.comInterchange and Debit Card Fees Revenue
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