SMARTFINANCIAL INC. — Form 8-K
Filed October 19, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
SmartFinancial Inc. (SMBK, $535.9M market cap) reported Q3 2026 net income of $18.6M ($1.10 diluted EPS) vs. $13.7M in Q3 2025. Net organic loan growth was $174M (15% annualized QoQ); core deposit growth was $163M (12% annualized QoQ). Operating revenue hit a quarterly record of $57.5M. The company recognized a $2.6M tax benefit from energy tax credit purchases and opened a new Columbus, GA branch. Total assets grew to $6.32B (from $5.86B at year-end 2025); loans reached $4.86B (+$493M YTD); deposits were $5.58B (+$423M YTD). Tangible book value per share was $28.50, up 15% annualized QoQ (4% including AOCI impact). Net interest margin declined 7 bps QoQ to 3.45% due to higher funding costs. Nonperforming loans rose slightly to 0.28% of total loans.
Why this rating
Solid organic growth and margin inflection offset by rising deposit costs; meaningful for mid-size bank but not transformational. Real double-digit loan/deposit growth relative to $536M market cap is material; however modest absolute dollar gains ($174M loans) and margin pressure limit upside trajectory.
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