A bank holding company built around its main subsidiary, SmartBank, which offers checking, savings, lending, and investment services through roughly four dozen branches across Tennessee, Alabama, Florida, and Georgia. A sister arm, Fountain Equipment Finance, provides equipment loans and leases to small and mid-sized businesses across the Southeast. SmartBank was founded in Pigeon Forge, Tennessee, in 2007 by father-and-son bankers Bill and Billy Carroll, who picked the name to signal their goal of a distinctly smart, high-service brand — the holding company structure was adopted in 2013.
SmartFinancial reports Q2 2026 net income of $16.3 million, or $0.96 per diluted share
Net interest income rose to $48.1 million in Q2 2026 from $45.9 million in the prior quarter; tax-equivalent net interest margin expanded to 3.52% from 3.48%.
Show detailsHide details
Net income for Q2 2026 was $16.3 million, or $0.96 per diluted share, up from $11.7 million ($0.69 per share) in Q2 2025 and $13.7 million ($0.81 per share) in Q1 2026.
Total assets surpassed $6 billion, reaching $6.12 billion at June 30, 2026, up from $5.86 billion at December 31, 2025.
Net organic loan and lease growth was $165 million (15% annualized quarter-over-quarter); core deposits grew $83 million (6% annualized).
The board declared a quarterly cash dividend of $0.09 per share, payable August 17, 2026, to shareholders of record July 31, 2026.
2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
SmartFinancial shareholders elect 10 directors, ratify Elliott Davis as auditor, and approve executive compensation at 2026 annual meeting.
Annual meeting held May 21, 2026; 13,783,833 of 17,098,473 outstanding shares (80.61%) were present.
Show detailsHide details
All 10 director nominees were elected to serve until the 2027 annual meeting; votes for ranged from 9,660,751 (David A. Ogle) to 11,213,303 (Kelli D. Shomaker).
Shareholders ratified Elliott Davis, PLLC as independent auditor for fiscal year ending December 31, 2026 (13,769,399 for, 4,421 against, 10,013 abstentions).
Non-binding advisory vote on named executive officer compensation passed with 11,056,323 for, 331,566 against, 17,236 abstentions.
Report filed under Item 5.07 to disclose the voting results of the matters submitted to shareholders.
5.07 Submission of Matters to a Vote of Security Holders
SmartBank promotes Cynthia A. Cain to Chief Operating Officer, effective March 31, 2026
Cain previously served as Chief Accounting Officer since August 2022 and joined SmartBank in 2019 as Director of Financial Planning & Analysis.
Show detailsHide details
Cynthia A. Cain, 53, was promoted to Chief Operating Officer of SmartBank, SmartFinancial's wholly-owned subsidiary, effective March 31, 2026.
In her new role, Cain will oversee Operations, Technology, Data, AI Governance, Digital & Innovation, and Payments functions.
Cain has over 30 years of accounting experience and previously spent 12 years at South State Bank as Senior Vice President in Accounting.
No arrangements, family relationships, or transactions requiring disclosure were reported in connection with her appointment.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
SmartFinancial declares $0.08 quarterly dividend and authorizes $10M share repurchase program
On January 29, 2026, SmartFinancial's board declared a quarterly cash dividend of $0.08 per share, payable March 2, 2026, to shareholders of record as of February 13, 2026.
Show detailsHide details
The board authorized a new 2026 Repurchase Program allowing repurchase of up to $10 million of common stock, effective March 1, 2026, expiring February 28, 2027, unless extended.
The 2026 Repurchase Program replaces the prior stock repurchase plan, which terminates when the new program becomes effective.
Repurchases may occur in open market, via accelerated share repurchase programs, privately negotiated transactions, or under Rule 10b5-1 trading plans, subject to regulatory requirements.
The program does not obligate SmartFinancial to repurchase any specific amount and may be suspended or discontinued by the board at any time.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
SmartFinancial extends exchange offer for $100M subordinated notes to January 9, 2026
SmartFinancial, Inc. extended its exchange offer for its 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035 to 5:00 p.m. New York City time on January 9, 2026.
Show detailsHide details
The offer covers up to $100.0 million aggregate principal amount of notes issued in a private placement on August 20, 2025, exchanged for registered notes with identical terms.
As of January 2, 2026, $82.5 million (82.5%) of the outstanding notes had been tendered for exchange.
The exchange offer was previously scheduled to expire on January 2, 2026; all other terms remain unchanged.
The exchange agent is U.S. Bank Trust Company, National Association, and the prospectus is dated December 3, 2025.
8.01 Other Events · 9.01 Financial Statements and Exhibits