SmartFinancial, Inc. (NYSE: SMBK) announced today its third‑quarter 2025 financial results, reporting net income of $13.7 million, or $0.81 per diluted common share, up 51% from $9.1 million ($0.54) in the same quarter a year earlier. Operating earnings totaled $14.5 million, or $0.86 per diluted share, marking the sixth consecutive quarter of positive operating leverage and a 59% increase over the prior year’s $9.1 million.
The company highlighted a 10% annualized organic loan growth and a 15% annualized deposit growth, driven by a $42.4 million net interest income and a tax‑equivalent net interest margin of 3.25%. SmartFinancial also achieved its $50 million quarterly revenue target ahead of schedule, underscoring the effectiveness of its leveraging strategy and the strength of its expanded franchise.
Key operational metrics included a 0.93% allowance for credit losses against total loans and leases, a 0.22% non‑performing asset ratio, and a 3.07% cost of interest‑bearing liabilities. The company’s balance sheet grew to $5.78 billion in assets, with loans and leases rising $316 million and deposits increasing $364 million, reinforcing liquidity and capital adequacy.
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