SmartFinancial Q1 profit jumps 21% on wider margins, but credit costs surge fourfold

Filed May 11, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 12, 2025 · ~1 min read

Key Changes

• high

  Net income rose 21% to $13.7M ($0.81/share) vs $11.3M ($0.67/share) year-ago, driven by 27-basis-point margin expansion to 3.48% as deposit costs fell 32bp to 2.60%.

  MD&A: Financial Results verify on EDGAR →
• high

  Provision for credit losses jumped to $3.2M from $843K year-ago, reflecting both accelerated loan growth ($152M vs $85M) and enhanced ACL model methodology.

  MD&A: Credit Losses verify on EDGAR →
• medium

  Nonperforming loans climbed to 0.27% of total loans from 0.20% year-ago, signaling emerging credit stress despite still-low absolute levels.

  MD&A: Asset Quality verify on EDGAR →