SmartFinancial Inc. Reports Results for Quarter Ended January

• SmartFinancial Inc SMBK reported quarterly adjusted earnings of 46 cents​​ per share for the quarter ended in January, down from 52 cents in the same quarter a year ago, when the company reported EPS. The average expectation of six analysts for the quarter was for earnings of 39 cents per share. Wall Street had been expecting results in a range of 35 cents to 42 cents per share.

• Revenue rose 4.4% to $40.42 million from a year earlier, compared with analysts’ expectations of $40.07 million.

• SmartFinancial Inc. reported earnings per share for the quarter of 48 cents.

• The company reported quarterly net income of $8 million.

• SmartFinancial Inc. shares are up 12.7% this quarter and have gained 8.9% this year.

CHANGES TO FORECASTS

• Analysts’ average earnings estimate has fallen about 12.6% over the past three months.

• Analysts covering the company have not made any earnings estimate revisions over the last 30 days.

RECOMMENDATIONS

• The current average analyst rating for the stock is “Buy”, and the breakdown of recommendations is as follows: 3 “strong buy” or “buy”, 3 “hold” and no “sell” or “strong sell”.

• The average consensus recommendation for the peer group is also a “buy”

Wall Street’s median 12-month price target for SmartFinancial Inc is $25.00

This summary was machine-generated from LSEG data on July 22 at 21:40 UTC. All figures are in U.S. dollars unless otherwise noted. (For questions about the data in this report, contact [email protected]. For other questions or feedback, contact [email protected])