SmarFinancial: Q4 Financial Results Overview

SmartFinancial Inc. Announces Fourth-Quarter Earnings

SmartFinancial Inc., headquartered in Knoxville, Tennessee, revealed a net income of $13.7 million for the fourth quarter.

The company reported earnings of 81 cents per share, slightly exceeding analyst predictions.

According to Zacks Investment Research, the consensus among three analysts was for earnings of 80 cents per share, meaning the bank outperformed expectations.

During the quarter, SmartFinancial generated $83.8 million in total revenue. After accounting for interest expenses, net revenue reached $53.3 million, surpassing the $51.6 million anticipated by analysts surveyed by Zacks.

For the full year, SmartFinancial posted a profit of $50.3 million, translating to $2.98 per share, with total revenue amounting to $200.5 million.