Monitor next quarter's credit quality metrics and ACL model impact, as the increase in nonperforming assets and ACL ratio could pressure future margins despite current loan growth and NIM expansion.
Price Chart
Executive Summary
SmartFinancial reported Q1 2026 earnings with flat year-over-year EPS growth and a slight beat on consensus EPS estimates, driven by net interest margin expansion and loan growth, partially offset by a higher provision for credit losses due to an ACL model change. The company maintained its dividend and showed continued balance sheet growth.
Key Financial Metrics
Key Facts
- Reported EPS of $0.81, matching prior quarter and beating consensus of $0.78 by 3.8%
- Net interest margin expanded 10 bps QoQ to 3.48% due to lower deposit costs
- Loan and lease portfolio grew $155 million QoQ (14% annualized growth)
- Provision for credit losses increased to $3.2 million from $3.7 million, with ACL ratio rising to 0.97% from 0.94% due to model changes
- Nonperforming assets ratio increased to 0.25% from 0.22%
- Tangible book value per share grew 1.8% QoQ to $27.33
Financial Impact
Maintained profitability with margin expansion offsetting higher credit provisions
Risk Factors
- Increased allowance for credit losses due to model changes
- Rising nonperforming assets ratio
- Dependence on continued margin expansion in a potentially shifting rate environment
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-045196 |
| Document: smbk-20260420xex99d2.htm | 0001104659-26-045196 |
| Document: smbk-20260420x8k.htm | 0001104659-26-045196 |
| Document: 0001104659-26-045196-index-headers.html | 0001104659-26-045196 |
| Document: 0001104659-26-045196-index.html | 0001104659-26-045196 |
| Document: 0001104659-26-045196.txt | 0001104659-26-045196 |
| 8-K Data (Synthetic) | 0001104659-26-045196 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Insider Cluster | $49.60 | awaiting T+5 | — | $48.81 (−1.59%) |
Oct 23, 2026 4d ago | 144 | $49.60 | awaiting T+5 | — | $48.81 (−1.59%) |
Oct 19, 2026 7d ago | 8-K | $50.12 $49.54 | ▼ −1.16% | ▼ −1.18% | $48.81 (−2.61%) |
Jul 20, 2026 14w ago | 8-K | $48.60 $51.29 | ▲ +5.54% | ▲ +6.76% | $48.81 (+0.43%) |
Jun 16, 2026 19w ago | Institutional Cluster | $44.38 $45.74 | ▲ +3.06% | ▲ +5.30% | $48.81 (+9.98%) |
Jun 10, 2026 19w ago | Insider Cluster | $44.84 $44.58 | ▼ −0.58% | ▼ −1.01% | $48.81 (+8.85%) |
May 14, 2026 23w ago | EFFECT | $40.79 $41.61 | ▲ +2.01% | ▲ +2.73% | $48.81 (+19.66%) |
May 1, 2026 25w ago | S-3 | $41.29 $41.22 | ▼ −0.17% | ▼ −3.11% | $48.81 (+18.21%) |
Apr 20, 2026 27w ago | 8-K | $42.76 $42.17 | ▼ −1.38% | ▼ −2.29% | $48.81 (+14.15%) |
Apr 7, 2026 29w ago | DEFA14A | $41.96 $41.79 | ▼ −0.41% | ▼ −3.92% | $48.81 (+16.33%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers