SmartFinancial announced second-quarter results with GAAP earnings per share of $0.96 and revenue of $55.95 million, a 13.4% increase year-over-year. Net organic loan and lease growth reached $165 million, representing a 15% annualized quarter-over-quarter increase, while core deposit growth was $83 million, or 6% annualized. Tangible book value per common share grew at a 13% annualized rate from the prior quarter. The company also noted that over 97% of SmartBank Associates recertified it as a Great Place to Work.
SmartFinancial, Inc.SmartFinancial reported Q2 GAAP EPS of $0.96 and revenue of $55.95 million, with strong loan and deposit growth, and tangible book value growth.