10-Q · May 11, 2026
SmartFinancial (SMBK) reported a strong Q1 2026 with revenues of $53.8 million and EPS of $0.81, both exceeding prior estimates. The company saw a significant increase in net interest income driven by higher yields,…
Earnings analysis · 10-Q
SMBK earnings analysis
Filed August 10, 2026 · Our reading of the company's report
The latest report
The available 10-Q excerpt provides limited operating and financial detail but confirms Q2 diluted EPS of $0.96 and revenue of $55.950 million from the supplied earnings data. Disclosure controls were effective as of…
Read full summary
The available 10-Q excerpt provides limited operating and financial detail but confirms Q2 diluted EPS of $0.96 and revenue of $55.950 million from the supplied earnings data. Disclosure controls were effective as of June 30, 2026, and no material changes to internal controls were reported. The company had a $10.0 million repurchase authorization but completed $0 of repurchases, while no material changes to the 2025 10-K risk factors were disclosed. No numerical forward guidance was provided.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.96
What stood out
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Q2 EPS and revenue reported
Reported Q2 diluted EPS was $0.96 and revenue was $55.950 million, according to the supplied earnings data. The filing excerpt does not include comparative income-statement tables needed to quantify period-over-period trends.
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Effective disclosure controls
Management certified that disclosure controls and procedures were effective as of June 30, 2026, and reported no changes in internal control over financial reporting that materially affected or were reasonably likely to materially affect controls during the quarter.
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Repurchase capacity retained
The board-authorized repurchase program permits up to $10.0 million of purchases through February 28, 2027; the company had purchased $0 as of June 30, 2026.
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No second-quarter buybacks
No shares were repurchased in April, May, or June 2026, and the remaining authorized amount was $10.0 million at the end of each month.
What to watch
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Repurchase plan remains unused
The company has authorization to repurchase up to $10.0 million of common stock but had used $0 as of June 30, 2026. Future repurchases are discretionary and could be modified, suspended, or discontinued at any time.
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Ongoing ordinary-course litigation
SmartFinancial stated that it is periodically involved in legal actions as a plaintiff or defendant, and the outcomes are not currently determinable. Management does not expect these matters to have a material adverse impact, but litigation exposure remains present.
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No updated quantified risk disclosure
The filing states that previously disclosed risk factors remain applicable and that there were no material changes during the period. The 10-Q excerpt does not identify a quantified change in credit, liquidity, market, or funding risk.
Management's outlook
No quantitative forward revenue or EPS guidance is provided in the available 10-Q text; the prior earnings release also stated that no numerical outlook was issued.
Earlier filings 4
10-K · March 16, 2026
SmartFinancial’s 10-K emphasizes a community-bank growth strategy combining organic loan/deposit growth with selective M&A and equipment finance (Fountain). The company reports a large loan footprint (net loans & leases…
10-Q · August 9, 2024
SmartFinancial reported quarter-over-quarter revenue growth driven by higher net interest income and noninterest income, with total revenue of $40,418,000 (net interest income $32,814,000; noninterest income…
10-Q · May 10, 2023
SmartFinancial reported Q1 results with diluted EPS of $0.68 and total revenue of $42,907,000 (net interest income of $35,982,000 plus noninterest income of $6,925,000). Net income rose to $11,500,000 versus $8,259,000…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.