--- title: "SmartFinancial | 8-K: FY2026 Q2 Revenue: USD 55.95 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/293254654.md" datetime: "2026-07-20T21:02:50.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293254654.md) - [en](https://longbridge.com/en/news/293254654.md) - [zh-HK](https://longbridge.com/zh-HK/news/293254654.md) --- # SmartFinancial | 8-K: FY2026 Q2 Revenue: USD 55.95 M Revenue: As of FY2026 Q2, the actual value is USD 55.95 M. EPS: As of FY2026 Q2, the actual value is USD 0.96, beating the estimate of USD 0.9017. EBIT: As of FY2026 Q2, the actual value is USD 20.53 M. ### Net Income and Operating Earnings SmartFinancial, Inc. reported net income of $16.3 million for the second quarter of 2026, an increase from $11.7 million for the second quarter of 2025, and $13.7 million for the prior quarter. Operating earnings for the second quarter of 2026 were $16.3 million, or $0.96 per diluted common share. ### Segment Revenue Net interest income for SmartFinancial, Inc. was $48.1 million for the second quarter of 2026, an increase from $45.9 million in the prior quarter. Noninterest income slightly decreased by $55 thousand to $7.9 million for the second quarter of 2026, compared to $7.9 million for the prior quarter, primarily due to lower capital markets’ income, offset by increases in interchange and debit card transaction fees and mortgage banking income. ### Operating Costs Noninterest expense increased by $1.0 million to $34.0 million for the second quarter of 2026, compared to $32.9 million in the prior quarter. This increase was mainly driven by higher salaries and employee benefits ($21,015 thousand), FDIC insurance ($920 thousand), data processing and technology ($2,683 thousand), and professional services ($1,366 thousand), partially offset by a decrease in other expenses for the second quarter of 2026. ### Cash Flow (Implicit from Balance Sheet Changes) Total assets for SmartFinancial, Inc. reached $6.12 billion at June 30, 2026, an increase of $254.5 million from $5.86 billion at December 31, 2025. This increase was primarily due to increases in loans and leases of $319.4 million and securities of $17.9 million, partially offset by a decrease in cash and cash equivalents of -$85.0 million. Total liabilities were $5.54 billion at June 30, 2026, an increase of $230.1 million from $5.31 billion at December 31, 2025. Total deposits increased by $232.8 million, driven by increases in money market and savings deposits ($181.2 million), interest-bearing demand deposits ($76.4 million), and time deposits ($116.3 million), partially offset by a decline in noninterest-bearing demand deposits of -$141.0 million. ### Unique Metrics and Operational Highlights #### Loan and Lease Growth Net organic loan and lease growth was $165 million, representing a 15% annualized quarter-over-quarter increase, with total loans and leases at $4,682,935 thousand at June 30, 2026. #### Core Deposit Growth Core deposit growth was $83 million, representing a 6% annualized quarter-over-quarter increase. #### Net Interest Margin The tax equivalent net interest margin was 3.52% for the second quarter of 2026, up from 3.48% in the prior quarter. #### Asset Quality The allowance for credit losses was $45.3 million at June 30, 2026, with the allowance for credit losses to total loans and leases at 0.97%. Nonperforming loans and leases as a percentage of total loans and leases decreased to 0.25% at June 30, 2026, from 0.27% at March 31, 2026. Total nonperforming assets as a percentage of total assets decreased to 0.23% from 0.25% over the same period. #### Tangible Book Value Tangible book value per common share was $28.22 at June 30, 2026, compared to $26.85 at December 31, 2025, showing a 13% annualized quarter-over-quarter growth. #### Capital Ratios As of June 30, 2026, SmartFinancial, Inc.’s capital ratios were: Tier 1 leverage at 8.47%, Common equity Tier 1 at 9.77%, Tier 1 capital at 9.77%, and Total capital at 12.64%. #### Dividend The board of directors declared a quarterly cash dividend of $0.09 per share of SmartFinancial, Inc. common stock, payable on August 17, 2026. ### Outlook/Guidance SmartFinancial, Inc. expressed confidence in its long-term trajectory due to strong momentum from annualized loan growth, an expanded net interest margin, and maintained excellent asset quality. 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