SMBK earnings analysis
What we found in SMBK's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- 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.
- 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.
- 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.
- 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.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- 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.
- 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.
- 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.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.96
What they said about what is next.
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.
The filing reads about the same as the one before it.
What came before.
- 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,…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing SMBK makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever