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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%.
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 is committed and confident in its ability to further enhance profitability and drive value for its shareholders in 2025.