SMARTFINANCIAL, INC. (NASDAQ:SMBK) Files An 8-K Results of Operations and Financial Condition

SMARTFINANCIAL, INC. (NASDAQ:SMBK) Files An 8-K Results of Operations and Financial Condition
Item 2.02

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Results of Operations and Financial Condition.

On January23, 2019, SmartFinancial, Inc. issued a press release reporting earnings results for its fourth quarter ending December31, 2018. The information included in the press release is considered to be “furnished” under the Securities Exchange Act of 1934, as amended (the “Exchange Act”). SmartFinancial will include final financial statements and additional analysis for the quarter ended December31, 2018 as part of its annual report on Form 10-K covering that period.

Item 7.01

Regulation FD Disclosure.

SmartFinancial is filing an investor slide presentation that it intends to review in conjunction with its earnings release conference call on January24, 2019. The slides are included as Exhibit 99.2 to this report and shall not be deemed to be “filed” for the purposes of Section 18 of the Exchange Act, or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01

Financial Statements and Exhibits

Exhibit No.



Press release announcing fourth quarter 2018 financial results dated January 23, 2019


Fourth quarter 2018 investor presentation

EX-99.1 2 a2017123118q4earningsrelea.htm EXHIBIT 99.1 Exhibit Exhibit 99.1 4Q 2018 SmartFinancial Reports $0.47 Earnings per Diluted Share for the Fourth Quarter of 2018 Net operating earnings per diluted common share (non-GAAP) was $0.43 for the fourth quarter of 2018  Performance Highlights  •Net income available to common shareholders totaled $6.4 million in the quarter and ROAA increased to 1.17 percent.•Net operating earnings available to common shareholders (non-GAAP) totaled $5.9 million in the quarter and net operating ROAA (non-GAAP) increased to 1.07 percent.•Noninterest expense to average assets of 2.84 percent,…
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SmartFinancial, Inc., formerly Cornerstone Bancshares, Inc., is a bank holding company. The Company operates through its SmartBank subsidiary (The Bank). The principal business of the Bank consists of attracting deposits from the public and investing those funds, together with funds generated from operations and from principal and interest payments on loans. It offers commercial real estate-mortgage, consumer real estate-mortgage, construction and land development, commercial and industrial, and consumer and other loans. The Bank’s investment portfolio consists of Federal agency bonds, mortgage-backed securities, and state and municipal securities. The Bank provides a range of deposit services to businesses and individuals, including non-interest bearing checking accounts, interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts (IRAs) and certificates of deposit (CDs). SmartBank operates in approximately seven banking offices.

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