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Get filing alertsSmartFinancial reports Q2 2026 EPS of $0.96, 15% annualized loan growth, margin expands to 3.52%
Filed July 20, 2026 · Period ending July 20, 2026 · ~1 min read
Key Changes
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Q2 2026 operating EPS of $0.96, up 19% quarter-over-quarter and 39% year-over-year, with operating ROATCE of 13.7% and efficiency ratio improving to 60.4%.
Exhibit 99.2 view on EDGAR → -
high
Net interest margin expanded to 3.52% from 3.48% prior quarter as loan yields rose to 5.95% while deposit costs increased only 2 basis points to 2.62%.
Exhibit 99.1 view on EDGAR → -
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Organic loan growth of $165 million representing 15% annualized increase; total assets surpassed $6 billion with loan-to-deposit ratio at 87%.
Exhibit 99.2 view on EDGAR → -
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Tangible book value per share grew to $28.22, up 13% annualized quarter-over-quarter and 16% year-over-year, with tangible common equity ratio at 8.5%.
Exhibit 99.2 view on EDGAR → -
medium
Board declared quarterly dividend of $0.09 per share payable August 17, 2026, to shareholders of record July 31, 2026.
Item 7.01 verify on EDGAR →
Summary
SmartFinancial delivered strong Q2 2026 results with operating earnings of $0.96 per share, up 39% year-over-year, driven by robust loan growth and margin expansion. The company generated $165 million in organic loan growth (15% annualized) while maintaining disciplined deposit pricing, allowing net interest margin to expand to 3.52% as loan yields outpaced funding cost increases.
Operating return on average tangible common equity reached 13.7% with an improving efficiency ratio of 60.4%, demonstrating positive operating leverage. Asset quality remained solid with nonperforming loans at 0.25% of total loans and net charge-offs of just 0.05% annualized.
The company surpassed $6 billion in total assets during the quarter while maintaining an 87% loan-to-deposit ratio and 8.5% tangible common equity ratio. Tangible book value per share grew 13% annualized to $28.22, reflecting strong earnings retention. The board declared a regular $0.09 quarterly dividend. For retail holders, the combination of double-digit loan growth, margin expansion, and strong profitability metrics indicates the company is successfully executing its growth strategy while maintaining credit discipline and building shareholder value.
Section-by-Section Diff
Event · Exhibit 99.2
SmartFinancial announced Q2 2026 earnings with operating EPS of $0.96, 13.7% operating ROATCE, and 15% annualized organic loan growth.
Added in current filing · view on EDGAR →
Net Income (GAAP) $ 16,322 ... Operating Earnings (Non-GAAP) $ 16,282 ... Diluted Operating Earnings Per Share $ 0.96 ... Operating Return On Average Assets (Non-GAAP) (1) 1.10% ... Operating Return On Average Tangible Common Equity (Non-GAAP) (5) 13.70% ... Operating Efficiency Ratio (Non-GAAP) 60.38%
SmartFinancial reported Q2 2026 net income of $16.3 million, or $0.96 per diluted share on an operating basis, up 19% quarter-over-quarter and 39% year-over-year. Operating return on average assets reached 1.10%, operating return on average tangible common equity was 13.7%, and the operating efficiency ratio improved to 60.4%. These results reflect strong profitability and operating leverage.
Added in current filing · view on EDGAR → · paraphrased
Net Interest Income $ 48,064 ... Net Interest Margin (FTE) 3.29% 3.25% 3.38% 3.48% 3.52%
Net interest income grew to $48.1 million in Q2 2026, up 5% quarter-over-quarter and 19% year-over-year. The net interest margin (fully taxable equivalent) expanded to 3.52%, up from 3.48% in Q1 2026 and 3.29% in Q2 2025. This margin expansion reflects improving asset yields and disciplined deposit pricing, driving core profitability.
Added in current filing · view on EDGAR → · paraphrased
$4,683 ... $5,386 ... 15% QoQ Annualized Organic Loan Growth ... 6% QoQ Annualized Core Deposit Growth ... 87% Loan / Deposit Ratio
Total loans reached $4.7 billion with 15% annualized organic growth quarter-over-quarter, while total deposits grew with 6% annualized core deposit growth. The loan-to-deposit ratio stood at 87%, indicating balanced growth and strong liquidity. The company is successfully deploying capital while maintaining deposit funding discipline.
Added in current filing · view on EDGAR → · paraphrased
0.23% Non-Performing Assets / Assets ... Nonperforming Assets / Total Assets 0.19% 0.22% 0.22% 0.25% 0.23% ... Total Delinquent & Nonaccrual Loans & Leases / Total Loans & Leases 0.31% 0.37% 0.36% 0.35% 0.38% ... Net Chargeoffs 0.01% 0.10% 0.18% 0.02% 0.05%
Asset quality remained strong with nonperforming assets at 0.23% of total assets, down from 0.25% in Q1 2026. Total delinquent and nonaccrual loans were 0.38% of total loans, and net chargeoffs were only 0.05% for the quarter. The allowance for credit losses stood at 0.97% of loans held for investment, providing solid coverage.
Event · Exhibit 99.1
SmartFinancial reported Q2 2026 net income of $16.3M ($0.96/share), 15% annualized loan growth, 3.52% net interest margin, and declared $0.09 dividend.
Added in current filing · view on EDGAR →
net income of $16.3 million, or $0.96 per diluted common share, for the second quarter of 2026, compared to net income of $11.7 million, or $0.69 per diluted common share, for the second quarter of 2025, and compared to prior quarter net income of $13.7 million, or $0.81 per diluted common share.
SmartFinancial reported Q2 2026 net income of $16.3 million ($0.96 per diluted share), up from $13.7 million ($0.81 per share) in Q1 2026 and $11.7 million ($0.69 per share) in Q2 2025. The improvement reflects strong loan growth, net interest margin expansion, and positive operating leverage as revenue growth outpaced expense growth.
Added in current filing · view on EDGAR →
At June 30, 2026, the allowance for credit losses was $45.3 million. The allowance for credit losses to total loans and leases was 0.97% as of June 30, 2026, and March 31, 2026. ... Provision for credit losses (1) ... 1,855 ... 3,213 ... (1,358) ... Nonperforming loans and leases as a percentage of total loans and leases was 0.25% as of June 30, 2026, and 0.27% as of March 31, 2026.
The provision for credit losses was $1.9 million in Q2 2026, down from $3.2 million in Q1 2026. The allowance for credit losses remained stable at 0.97% of total loans. Nonperforming loans improved to 0.25% of total loans from 0.27% in the prior quarter, and net charge-offs were 0.05% annualized. Asset quality metrics remain strong.
Event · Item 7.01 — Regulation FD Disclosure
SmartFinancial declared a $0.09 quarterly dividend payable August 17, 2026, and filed investor presentation slides for its earnings call.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
SmartFinancial is filing an investor slide presentation that it intends to review in conjunction with its earnings release conference call on July 21, 2026.
The company filed investor presentation slides to accompany its earnings release conference call scheduled for July 21, 2026. These materials provide additional context and detail for investors reviewing the quarterly results.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 21, 2026 · How we verify