Overview

* SmartFinancial ( SMBK ) Q3 net income rises to $13.7 mln, with EPS at $0.81

* Company achieved $50 mln in quarterly operating revenue, ahead of schedule

* Net organic loan and lease growth of $98 mln, with 10% annualized increase

Outlook

* SmartFinancial ( SMBK ) aims to close 2025 with increased market share

Result Drivers

* ORGANIC GROWTH - Co achieved 10% annualized organic loan growth and 15% annualized deposit growth, enhancing revenue

* SBKI SALE - Sale of SBK Insurance resulted in $4.0 mln pre-tax gain, unlocking capital for future growth

* DEBT ISSUANCE - $100 mln subordinated debt issuance to retire existing $40 mln debt and fund additional growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.81

Q3 Net $13.70

Income mln

Q3 Net $42.40

Interest mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for SmartFinancial Inc ( SMBK ) is $39.00, about 9.7% above its October 21 closing price of $35.21

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)