SMBK Q2 net income up 39% to $16.3M as margin expands 23bp; loan growth accelerates

Filed August 10, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 11, 2025 · ~1 min read

Key Changes

• high

  Net income rose 39% year-over-year to $16.3M ($0.96/share) in Q2 2026, driven by net interest margin expansion to 3.52% from 3.29% as deposit costs fell 33bp to 2.62% while loan yields held steady.

  MD&A: Net Income and NIM verify on EDGAR →
• high

  Year-to-date loan growth accelerated to $319M (through June 30, 2026) from $215M in the prior-year period, funded by $233M in deposit growth and a doubling of brokered deposits to $106M.

  MD&A: Loan and Deposit Growth verify on EDGAR →
• high

  Subordinated debt increased $59M to $98.8M at June 30, 2026, providing additional capital for growth but increasing financial leverage.

  Notes: Subordinated Debt verify on EDGAR →