NYSE$SMBK
Smartfinancial Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
Announced results for the third quarter of 2020
SmartFinancial, Inc. reported a net income of $6.4 million, or $0.42 per diluted common share, for the third quarter of 2020, compared to a net income of $6.2 million, or $0.41 per diluted common share for the second quarter of 2020. The increase in net income was driven by an increase in net interest income and noninterest income.
- Net income of $6.4 million and operating earnings of $6.6 million (Non-GAAP)
- Tangible book value per share (Non-GAAP) of $17.27, a 5.5% year-over-year increase
- Deposits increased by $604.8 million or 29.5% from December 31, 2019
- COVID loan modifications declined 62.1% from prior quarter
Headline financials
Revenue & EPS history
Smartfinancial · Revenue · Quarterly
$30.2M
Revenue by segment
Smartfinancial · $28M total across 4 segments · Q1 2020
- Loans incl. fees$26.4M—94.4%
- Taxable securities$679K—2.4%
- Fed funds & other assets$602K—2.2%
- Tax-exempt securities$283K—1.0%
Forward guidance
We are extremely pleased with our results on another very solid quarter. Our credit metrics continue to be outstanding and our projections on loan modifications have been right on target and reducing as we have planned. This tremendous asset quality, coupled with the work we are doing on growth in our noninterest income and improvement in efficiency give us reason to feel very good regarding the outlook for our company.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2020
+0.7%
Avg return
Earnings day
+1.5%
Avg return
5 days after
+3.9%
Avg return
30 days after
55%
36 / 66 earnings
Positive
+14.3%
Q1 2011
Best reaction
-18.4%
Q3 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.7% | -1.4% | -2.8% | |
| Q4 2025 | +3.1% | +0.2% | +7.1% | |
| Q3 2025 | +3.1% | +0.0% | +1.3% | |
| Q2 2025 | -0.9% | -2.0% | +2.6% | |
| Q1 2025 | +6.7% | +6.2% | +10.4% | |
| Q4 2024 | +10.1% | +12.5% | +12.5% | |
| Q3 2024 | -0.1% | +1.9% | +14.7% | |
| Q2 2024 | +5.0% | +6.1% | +2.8% | |
| Q1 2024 | +1.6% | +3.8% | +17.4% | |
| Q4 2023 | +2.4% | +6.0% | -4.0% | |
| Q3 2023 | -2.2% | -1.5% | +3.3% | |
| Q2 2023 | -1.8% | -0.5% | -6.1% | |
| Q1 2023 | -0.7% | -1.6% | -0.4% | |
| Q4 2022 | +0.5% | -2.9% | -0.1% | |
| Q3 2022 | +4.0% | +8.8% | +8.3% | |
| Q2 2022 | +2.8% | +7.9% | +7.8% | |
| Q1 2022 | -1.8% | -2.0% | -0.1% | |
| Q4 2021 | +1.7% | +0.7% | -1.0% | |
| Q3 2021 | +0.6% | +2.2% | +4.0% | |
| Q2 2021 | +2.9% | +2.6% | +3.5% | |
| Q1 2021 | +0.8% | +3.8% | +6.5% | |
| Q4 2020 | +1.9% | +3.6% | +4.6% | |
| Q3 2020 | -1.5% | +2.3% | +20.8% | |
| Q2 2020 | +1.7% | +0.3% | +2.6% | |
| Q1 2020 | +12.3% | +10.1% | +5.5% | |
| Q4 2019 | -1.5% | +0.3% | -8.0% | |
| Q3 2019 | -1.5% | -0.3% | +8.4% | |
| Q2 2019 | +1.3% | -0.3% | -13.2% | |
| Q1 2019 | +7.0% | +5.5% | +8.0% | |
| Q4 2018 | -0.3% | +5.9% | +11.3% | |
| Q3 2018 | -9.1% | -8.8% | -8.2% | |
| Q2 2018 | -2.6% | -5.6% | -3.8% | |
| Q1 2018 | +0.1% | +0.1% | +4.9% | |
| Q4 2017 | +2.5% | -0.0% | +0.8% | |
| Q3 2017 | +0.0% | -2.1% | +3.7% | |
| Q2 2017 | +3.0% | -0.3% | +3.1% | |
| Q4 2016 | -0.2% | -2.4% | +5.0% | |
| Q1 2017 | -0.2% | -2.4% | +5.0% | |
| Q3 2016 | +1.4% | +2.8% | +12.6% | |
| Q2 2016 | +1.3% | -0.3% | +4.9% | |
| Q1 2016 | +0.9% | — | — | |
| Q4 2015 | +0.5% | — | — | |
| Q3 2015 | +0.6% | — | — | |
| Q2 2015 | +1.3% | — | — | |
| Q1 2015 | +4.4% | — | — | |
| Q4 2014 | -3.8% | — | — | |
| Q3 2014 | +0.0% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | +6.8% | — | — | |
| Q3 2013 | +0.0% | — | — | |
| Q2 2013 | +0.0% | — | — | |
| Q1 2013 | +0.0% | — | — | |
| Q4 2012 | +0.0% | — | — | |
| Q3 2012 | +6.7% | — | — | |
| Q2 2012 | -6.4% | — | — | |
| Q1 2012 | +14.3% | — | — | |
| Q1 2011 | +14.3% | — | — | |
| Q4 2009 | +11.1% | — | — | |
| Q4 2011 | +11.1% | — | — | |
| Q3 2011 | -18.4% | — | — | |
| Q3 2010 | -18.4% | — | — | |
| Q4 2010 | -8.2% | — | — | |
| Q2 2011 | -8.2% | — | — | |
| Q2 2010 | -8.2% | — | — | |
| Q1 2010 | -2.0% | — | — |
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