NYSE$SMBK
Smartfinancial Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Net income decreased year-over-year, but balance sheet showed growth with loans and deposits increasing.
SmartFinancial reported a decrease in net income for Q4 2023 compared to the previous year, with net income at $6.2 million, or $0.37 per diluted common share. However, the company experienced growth in loans and deposits, and operating earnings were bolstered by stabilization of the net interest margin and continued expense control.
- Operating earnings of $6.9 million, or $0.41 per diluted common share.
- Net organic loan and lease growth of $66 million, representing an 8% annualized quarter-over-quarter increase.
- Credit quality remained solid with nonperforming assets to total assets at 0.20%.
- Deposit growth of $21.3 million, a 2.0% annualized quarter-over-quarter increase.
Headline financials
Revenue & EPS history
Smartfinancial · Revenue · Quarterly
$39.1M
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
The company did not provide forward guidance in the earnings report.
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 Q4 2023
+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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