SmartFinancial Q1 EPS $0.81, Revenue Up 14.9% to $53.8M
SmartFinancial reported Q1 EPS of $0.81, up from $0.67 a year earlier, matching consensus estimates while revenue rose 14.9% to $53.8 million. Net income reached $13.7 million with $155 million in net organic loan and lease growth.
1. Q1 Earnings and Revenue Performance
SmartFinancial delivered first-quarter EPS of $0.81, up from $0.67 in the prior-year period, meeting consensus estimates. Revenue climbed 14.9% year-over-year to $53.82 million, exceeding forecasted figures and continuing a trend of quarterly revenue gains.
2. Net Income and Operational Highlights
The bank holding company recorded net income of $13.70 million, driven by strong core banking margins. It achieved net organic loan and lease growth of $155 million, representing a 14% annualized increase over the previous quarter.
3. Balance Sheet and Valuation Metrics
SmartFinancial’s price-to-earnings ratio stands at 14.49, reflecting current market valuation of earnings. The company maintains a conservative debt-to-equity ratio of 0.18, underscoring its low leverage and stable capital structure.