SmartFinancial Reports Record Operating Revenue in Q3 2026
SmartFinancial (SMBK) delivered record operating revenue of $57.5 million for Q3 2026, outpacing noninterest expense growth and reflecting strong performance across its operations. The company reported net organic loan growth of $174 million—representing a 15% annualized increase—and core deposit growth of $163 million (12% annualized), driven by new account acquisition and relationship expansion. Key financial metrics included operating earnings of $18.6 million, or $1.10 per diluted share, up from the previous quarter’s $16.3 million. Net interest income rose to $49.4 million as balance sheet growth offset margin pressure, though net interest margin declined slightly to 3.45%. Management expects Q4 guidance for a similar NIM and noninterest expenses between $35 million and $35.5 million. Despite strong overall performance, the company noted some challenges including an uptick in delinquencies within its fountain equipment subsidiary due to higher diesel prices affecting transportation businesses.
Tickers: $SMBK
Topics: earnings loan production net interest income revenue growth
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