)
SmartFinancial (SMBK) investor relations material
SmartFinancial Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved $14.5 million in operating earnings ($0.86 per diluted share), up 24% sequentially and 58% year-over-year, with $50.8 million in total operating revenue, surpassing the $50 million quarterly revenue target ahead of schedule.
Tangible book value per share increased to $26.00, up over 26% annualized quarter-over-quarter and 15% year-over-year; book value per share rose to $31.62.
Sixth consecutive quarter of positive operating leverage, with strong organic growth in both loans and deposits.
Completed $4.0 million gain on sale of SBK Insurance, contributing to noninterest income and unlocking capital for future investments.
Continued focus on organic growth, talent acquisition, operational efficiency, and a strong culture recognized by Fortune's best workplaces.
Financial highlights
Net interest income was $42.4 million, up 5% sequentially and 21% year-over-year; net interest margin (tax equivalent) was 3.25%, down 4 bps from the prior quarter.
Loans grew at a 10% annualized rate and deposits at 15% annualized, with non-brokered deposits up $283 million (24% annualized).
Non-performing assets at 0.22% of total assets; net charge-offs to average loans at 10 bps annualized.
Allowance for credit losses at 0.93% of total loans.
Operating efficiency ratio improved to 63.6% from 65.7% in the prior quarter.
Outlook and guidance
Projecting Q4 net interest margin in the 3.3%-3.35% range, with margin expansion of 5-7 bps per quarter expected in 2026.
Non-interest income for Q4 expected at $7 million; non-interest expenses projected at $32.5-$33 million.
Loan growth guidance remains at high single digits to around 10% annualized.
Strategic actions, including the SBKI sale and debt issuance, are expected to support future growth.
Continued focus on positive operating leverage and expense containment, with 2026 non-interest expenses targeted at $34-$35 million.
Next SmartFinancial earnings date
Next SmartFinancial earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)