SmartFinancial, Inc. Earnings Summary — Q2 FY2026

• SmartFinancial surpassed the $6 billion total asset milestone during Q2 2026.
• Generated 15% annualized organic loan and lease growth, adding $165 million in the quarter.
• Net interest margin (FTE) expanded by 4 basis points to 3.52% as asset yields outpaced rising liability costs.
• Asset quality remains excellent with nonperforming assets at only 0.23% of total assets.
• The company achieved positive operating leverage as revenue growth outperformed expense growth.
• Tangible book value per common share grew at a 13% annualized rate to $28.22.
• Core deposit growth of $83 million reflects a 6% annualized increase, despite a decline in noninterest-bearing demand deposits.

Management indicated that pipelines remain healthy across the company and expects to capitalize on disruption caused by competitor consolidation to gain further market share. They maintain confidence in the long-term trajectory and value creation for shareholders based on current momentum.

Improving

The transition to positive operating leverage and the expansion of NIM after a period of industry-wide compression signals a strong turnaround from 2025 levels.

Strong outlook backed by 15% annualized loan growth and a focus on core deposit acquisition in Southeast markets. The company is positioned to lean into market share opportunities arising from regional bank consolidation.