SmartFinancial, Inc. filed its quarterly report on Form 10-Q with the U.S. Securities and Exchange Commission on August 10, 2026, covering the period ended June 30, 2026, and reporting net income of $30.002 million for the first six months of the year.

Key Highlights

  • Net income: $16.322 million for the three months ended June 30, 2026, compared with $11.705 million for the same period in 2025.
  • Six-month net income: $30.002 million for the six months ended June 30, 2026, compared with $22.959 million for the six months ended June 30, 2025.
  • Diluted EPS: $0.96 for Q2 2026 and $1.77 for the first half of 2026, per the filing.
  • Total assets: $6.115 billion at June 30, 2026, up from $5.861 billion at December 31, 2025.
  • Net interest income: $48.064 million for Q2 2026, compared with $40.343 million for Q2 2025.
  • Loans and leases: $4.683 billion at June 30, 2026, compared with $4.364 billion at December 31, 2025.
  • Shares outstanding: 17,098,473 shares of common stock as of August 3, 2026, according to the filing.

SmartFinancial Q2 2026 Financial Results: Income, Loans, and Balance Sheet

SmartFinancial, Inc. (NYSE: SMBK), a Tennessee-chartered bank holding company headquartered at 5401 Kingston Pike, Suite 600, Knoxville, Tennessee, reported second-quarter 2026 net income of $16.322 million, according to the filing. Total interest income for the three months ended June 30, 2026, was $78.042 million, compared with $69.453 million for the corresponding 2025 quarter. Total interest expense was $29.978 million for Q2 2026, yielding net interest income of $48.064 million. The provision for credit losses was $1.463 million for the quarter, compared with $2.411 million in Q2 2025.

For the six months ended June 30, 2026, total interest income reached $152.312 million and total interest expense was $58.371 million, producing net interest income of $93.941 million. Total noninterest income was $15.827 million for the first half of 2026, compared with $17.495 million for the same period in 2025. The filing noted that insurance commissions, which contributed $2.967 million in the first half of 2025, were $0 in the comparable 2026 period. Total noninterest expense for the first six months of 2026 was $66.871 million, with salaries and employee benefits comprising the largest component at $41.429 million.

On the balance sheet at June 30, 2026, total deposits were $5.386 billion, up from $5.153 billion at December 31, 2025. The allowance for credit losses stood at $45.252 million, compared with $40.906 million at year-end 2025. Total shareholders' equity was $576.924 million at June 30, 2026, versus $552.492 million at December 31, 2025. Accumulated other comprehensive loss widened to $(12.941) million from $(9.319) million at December 31, 2025, according to the filing.

What Was Disclosed

SmartFinancial, Inc. disclosed unaudited consolidated financial statements for the quarter and six months ended June 30, 2026, showing growth in net interest income, total assets, and loans, alongside an expanded allowance for credit losses and a wider accumulated other comprehensive loss position.