SmartFinancial Q4 net income rises

Overview

• Bank holding company's Q4 net income rose to $13.7 mln from $9.6 mln yr/yr

• Net interest margin for Q4 expanded to 3.38% from 3.25% in prior quarter

• Company achieved 13% annualized qtr/qtr net organic loan and lease growth

Outlook

• SmartFinancial did not provide specific guidance for 2026

Result Drivers

• LOAN AND LEASE GROWTH - SmartFinancial reported a 13% annualized quarter-over-quarter increase in net organic loan and lease growth, contributing to higher net interest income

• DEPOSIT GROWTH - The company achieved an 8% annualized quarter-over-quarter increase in deposits, supporting overall financial growth

• NET INTEREST MARGIN EXPANSION - Net interest margin expanded to 3.38%, driven by lower deposit and funding costs, despite a slight decrease in asset yields

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for SmartFinancial Inc is $40.38, about 3.5% above its January 20 closing price of $39.00

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBwcfzBYta

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