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SmartFinancial
SmartFinancial (SMBK) investor relations material
SmartFinancial Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary21 Jan, 2026
Executive summary
Achieved record annual earnings of over $51 million, with diluted operating EPS for 2025 at $3.03, up 46% from 2024, and seventh consecutive quarter of positive operating leverage.
Tangible book value per share increased to $26.85, up 13% annualized quarter over quarter and 18% for the year.
Strong organic growth with 13% annualized loan growth and 8% annualized deposit growth in Q4, with total loans reaching $4.36B and deposits at $5.15B at year-end 2025.
Operating revenue grew 12% year-over-year to $200.2M, with operating noninterest income up 8% to $34.1M.
Announced expansion into Columbus, Georgia, leveraging existing relationships and market disruption.
Financial highlights
Q4 operating earnings of $13.7 million, or $0.81 per diluted share, with net interest income for Q4 2025 at $45.1M, up 6% sequentially and 19% year-over-year.
Total operating revenue for Q4 was $53.3 million; pre-provision net revenue rose 44% year-over-year to $20.9 million.
Operating PPNR earnings for 2025 reached $70.3M, a 22% CAGR since 2023.
Operating efficiency ratio improved to 60.91% in Q4 2025 and 64.4% for 2025, down from 70.7% in 2024.
Nonperforming assets remained low at 0.22% of total assets at year-end.
Outlook and guidance
Targeting high single-digit loan growth (8%-9%) for 2026, with some quarters potentially exceeding 10%.
Projecting Q1 2026 net interest margin in the 3.4%-3.45% range, with potential to reach 3.5% by year-end.
Non-interest income expected at $7.6 million and non-interest expenses at $33.5-$34 million for Q1 2026.
Internal goal set to achieve a $4 EPS run rate by end of 2026.
Management expects continued EPS and tangible book value growth, leveraging infrastructure investments and focusing on commercial banking expansion.
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Next SmartFinancial earnings date
Q1 202621 Apr, 2026
SmartFinancial
Next SmartFinancial earnings date
Q1 202621 Apr, 2026
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Frequently asked questions
SmartFinancial Inc. operates as a bank holding company providing commercial and consumer banking services. Its subsidiaries offer loans, deposit accounts, and financial services to individuals and small to medium-sized businesses. The company is headquartered in Knoxville, Tennessee, and its shares are listed on the NASDAQ.
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