SmartFinancial Q2 net income beats estimates

SmartFinancial

21/07/2025 22:10

Overview

SmartFinancial Q2 net income rises to $11.7 mln, beating analyst expectations, per LSEG data

Company achieves 13% annualized quarter-over-quarter growth in net organic loans and leases

Tangible book value per share grows 13.7% quarter-over-quarter

Outlook

Company does not provide specific future revenue or EPS guidance in its press release

Result Drivers

LOAN GROWTH - SmartFinancial achieved a 13% annualized growth in net organic loans and leases, contributing to increased earnings

ASSET QUALITY - Credit quality remained solid with nonperforming assets at 0.19% of total assets

BOOK VALUE - Tangible book value per share increased by 13.7% quarter-over-quarter, reflecting financial strength

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.69
Q2 Net Income
Beat
$11.70 mln
$10.90 mln (6 Analysts)

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 is $35.75, about 1.5% below its July 18 closing price of $36.27

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw1RGfqWa

(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.)