Quarterly ResultJul 20, 2026, 05:02 PM
SmartFinancial Q2 Net Income $16.3M, EPS $0.96; Declares $0.09 Dividend
AI Summary
SmartFinancial Inc. announced strong second-quarter 2026 results with net income of $16.3 million, or $0.96 per diluted common share, up from $11.7 million and $0.69 respectively in Q2 2025. The company reported 15% annualized net organic loan growth and 6% annualized core deposit growth quarter-over-quarter, with total assets surpassing $6 billion. The board also declared a quarterly cash dividend of $0.09 per share, payable on August 17, 2026, to shareholders of record as of July 31, 2026.
Key Highlights
- Net income for Q2 2026 was $16.3 million, up from $11.7 million in Q2 2025.
- Diluted EPS for Q2 2026 was $0.96, compared to $0.69 in Q2 2025.
- Net organic loan and lease growth was $165 million, a 15% annualized increase.
- Total assets surpassed $6 billion, reaching $6.12 billion at June 30, 2026.
- Quarterly cash dividend of $0.09 per share declared.
- Tangible book value per common share grew 13% annualized quarter-over-quarter to $28.22.
- Net interest margin was 3.52% for Q2 2026, up from 3.48% in Q1 2026.
- Nonperforming loans and leases as a percentage of total loans was 0.25%.
Price Impact
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