SmartFinancial, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 22, 2024 at 05:00 pm EDT
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SmartFinancial, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported net interest income was USD 31.72 million compared to USD 35.98 million a year ago. Net income was USD 9.36 million compared to USD 11.5 million a year ago.
Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.69 a year ago. Diluted earnings per share from continuing operations was USD 0.55 compared to USD 0.68 a year ago.
SmartFinancial, Inc. is the bank holding company for SmartBank (the Bank). The Bank is a full-service commercial bank with branches across Tennessee, Alabama, and Florida. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, leases, consumer loans and residential and commercial construction loans. It also originates one to four family residential mortgage loans and generally enters into a commitment to sell these loans in the secondary market. SBK Insurance, Inc., a subsidiary of the Bank, provides insurance products in the property and casualty area, commercial, transportation, and life and health to their respective clients. The Bank provides a suite of commercial and consumer banking services to clients through about 42 full-service bank branches.
SMARTFINANCIAL, INC. 
