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Dec 31, 2024
Smartfinancial Q4 2024 Earnings Report
Announced results for the fourth quarter of 2024, demonstrating improved profitability and strategic growth.
Key Takeaways
SmartFinancial, Inc. reported a strong fourth quarter in 2024 with net income of $9.6 million, or $0.57 per diluted common share. The company experienced net organic loan and lease growth, expansion of net interest margin, and solid credit quality.
Operating earnings of $9.6 million, or $0.57 per diluted common share.
Net organic loan and lease growth of $189 million, reflecting a 20% annualized quarter-over-quarter increase.
Net tax equivalent interest margin expanded by 13 basis points to 3.24% quarter-over-quarter.
Nonperforming assets to total assets remained solid at 0.19%.
Forward Guidance
SmartFinancial is committed and confident in its ability to further enhance profitability and drive value for its shareholders in 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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