スマートファイナンシャルの適時開示・決算・その他

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of earliest event reported: October 21, 2025

SMARTFINANCIAL, INC.

(Exact name of registrant as specified in its charter)

Tennessee		001-37661		62-1173944
(State or other jurisdiction of incorporation)		(Commission File Number)		(IRS Employer Identification No.)


5401 Kingston Pike, Suite 600
Knoxville, Tennessee		37919
(Address of Principal Executive Offices)		(Zip Code)

(865) 437-5700

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading Symbol(s)			Name of Exchange on which Registered
Common Stock, par value $1.00 per share			SMBK			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the On October 21, 2025, SmartFinancial, Inc. (“SmartFinancial”) issued a press release (the “Press Release”) reporting earnings results for its third quarter ending September 30, 2025. A copy of the Press Release is attached hereto as Exhibit 99.1.

Exchange Act. ☐

Item 2.02

Results of Operations and Financial Condition.

In accordance with General Instructions B.2 of Form 8K, the information in Item 2.02 of this report (including Exhibit 99.1) shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities 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 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 October 22, 2025. The slides are attached hereto as Exhibit 99.2.

In accordance with General Instructions B.2 of Form 8K, the information in Item 7.01 of this report (including Exhibit 99.2) shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities 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.		Description
99.1		Press release announcing third quarter 2025 financial results dated October 21, 2025
99.2		Third quarter 2025 investor presentation
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	SMARTFINANCIAL, INC.

Date: October 21, 2025
	/s/ William Y. Carroll, Jr.
	William Y. Carroll, Jr.
	President & Chief Executive Officer

EX-99.1 2 smbk-20251021xex99d1.htm EX-99.1

Exhibit 99.1

3Q 2025

SmartFinancial Announces Results for the Third Quarter 2025

KNOXVILLE, TN – October 21, 2025 - SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NYSE: SMBK), today announced net income of $13.7 million, or $0.81 per diluted common share, for the third quarter of 2025, compared to net income of $9.1 million, or $0.54 per diluted common share, for the third quarter of 2024, and compared to prior quarter net income of $11.7 million, or $0.69 per diluted common share. Operating earnings1, which excludes non-recurring income and expenses, net of tax adjustments, totaled $14.5 million, or $0.86 per diluted common share, in the third quarter of 2025, compared to $9.1 million, or $0.54 per diluted common share, in the third quarter of 2024, and compared to $11.7 million, or $0.69 per diluted common share, in the second quarter of 2025.

Highlights for the Third Quarter of 2025

●

Achieved over $50 million in quarterly operating revenue

●

Operating earnings1 of $14.5 million, or $0.86 per diluted common share

●

Net organic loan and lease growth of $98 million with 10% annualized quarter-over-quarter increase

●

Deposit growth of $179 million or 15% annualized quarter-over-quarter

●

Quarter over quarter tangible book value per common share1 growth of 26%

●

$4.0 million pre-tax gain associated with the sale of SBK Insurance (“SBKI”)

●

Repositioned $85 million of available-for-sale securities, resulting in a pre-tax loss of $3.9 million

●

$100 million subordinated debt issuance to retire existing $40 million subordinated debt and fund additional growth

Billy Carroll, President & CEO, stated: "SmartFinancial continues to demonstrate improvement across all areas, as evidenced by our sixth consecutive quarter of positive operating leverage, 10% annualized organic loan growth, and 15% annualized deposit growth. Tangible book value per common share1 rose 26% quarter over quarter annualized and asset quality remained solid. Our strategic actions with SBKI unlocked capital but allowed us to remain an invested partner, affording us the best of both worlds. We look forward to a long partnership with SBKI and watching the agency thrive in its next chapter. A special thanks to all our associates for their dedication in executing all the strategic actions this quarter while maintaining operational excellence and exemplifying what SmartBank culture is all about.”

SmartFinancial's Chairman, Miller Welborn, concluded: "The Board is thrilled that the Company achieved its $50 million in quarterly revenue target ahead of schedule, a true testament to the hard work and dedication of our associates. Additionally, the SBKI partnership, subordinated debt issuance, and securities repositioning has strengthened our balance sheet and positioned us to take advantage of the opportunities ahead. On the heels of these achievements, we look forward to closing out 2025 with increased market share and laying the groundwork for an even stronger 2026.”

Net Interest Income and Net Interest Margin

Net interest income was $42.4 million for the third quarter of 2025, compared to $40.3 million for the prior quarter. Average earning assets totaled $5.23 billion, an increase of $271.4 million from the prior quarter. The balances of average earnings assets changed quarter-over-quarter, primarily from an increase in average loans and leases of $121.0 million and average interest-earning cash of $152.6 million, offset by a decrease in average securities of $2.1 million. Average interest-bearing liabilities increased by $249.4 million from the prior quarter, primarily attributable to an increase in average interest-bearing deposits of $207.4 and average subordinated debt of $45.4 million, offset by a decrease in borrowings of $3.4 million.

1 Non-GAAP measure. See “Non-GAAP Financial Measures” for more information and see the Non-GAAP Reconciliations.

The tax equivalent net interest margin was 3.25% for the third quarter of 2025, down from 3.29% for the prior quarter. Asset yields stayed strong, but interest-bearing liability costs rose more rapidly than yields on interest-earning assets, partly due to the new subordinated debt issuance. The yield on loans and leases, excluding loan fees, on a fully tax equivalent basis (“FTE”) was 6.05% for the third quarter of 2025, compared to 5.99% for the prior quarter.

The cost of total deposits for the third quarter of 2025 was 2.44%, compared to 2.39% in the prior quarter. The cost of interest-bearing liabilities was 3.07% for the third quarter of 2025, compared to 2.99% in the prior quarter. The cost of average interest-bearing deposits was 2.98% for the third quarter of 2025, compared to 2.95% for the prior quarter, an increase of three basis points.

The following table presents selected interest rates and yields for the periods indicated:


	Three Months Ended
	Sep		Jun		Increase
Selected Interest Rates and Yields	2025		2025		(Decrease)
Yield on loans and leases, excluding loan fees, FTE	6.05	%	5.99	%	0.06	%
Yield on loans and leases, FTE	6.14	%	6.07	%	0.07	%
Yield on earning assets, FTE	5.68	%	5.65	%	0.03	%
Cost of interest-bearing deposits	2.98	%	2.95	%	0.03	%
Cost of total deposits	2.44	%	2.39	%	0.05	%
Cost of interest-bearing liabilities	3.07	%	2.99	%	0.08	%
Net interest margin, FTE	3.25	%	3.29	%	(0.04)	%

Provision for Credit Losses on Loans and Leases and Credit Quality

At September 30, 2025, the allowance for credit losses was $39.1 million. The allowance for credit losses to total loans and leases was 0.93% as of September 30, 2025, and 0.96% as of June 30, 2025.

The following table presents detailed information related to the provision for credit losses for the periods indicated (dollars in thousands):


	Three Months Ended
		Sep			Jun			Increase
Provision for Credit Losses on Loans and Leases Rollforward		2025			2025			(Decrease)
Beginning balance	$	39,776		$	38,175		$	1,601
Charge-offs		(1,145)			(269)			(876)
Recoveries		92			123			(31)
Net charge-offs		(1,053)			(146)			(907)
Provision for credit losses (1)		351			1,747			(1,396)
Ending balance	$	39,074		$	39,776		$	(702)

Allowance for credit losses to total loans and leases, gross		0.93	%		0.96	%		(0.03)	%

(1)

The current quarter-ended and prior quarter-ended excludes an unfunded commitments release of $124 thousand and a provision of $664 thousand, respectively. At September 30, 2025, the unfunded commitment liability totaled $3.2 million.

Nonperforming loans and leases as a percentage of total loans and leases was 0.24% as of September 30, 2025, and 0.19% as of June 30, 2025. Total nonperforming assets (which include nonaccrual loans and leases, loans and leases past due 90 days or more and still accruing, other real estate owned and other repossessed assets) as a percentage of total assets was 0.22% as of September 30, 2025, and 0.19% as of June 30, 2025.

The following table presents detailed information related to credit quality for the periods indicated (dollars in thousands):


	Three Months Ended
		Sep			Jun			Increase
Credit Quality		2025			2025			(Decrease)
Nonaccrual loans and leases	$	9,970		$	7,889		$	2,081
Loans and leases past due 90 days or more and still accruing		129			32			97
Total nonperforming loans and leases		10,099			7,921			2,178
Other real estate owned		-			144			(144)
Other repossessed assets		2,444			2,397			47
Total nonperforming assets	$	12,543		$	10,462		$	2,081

Nonperforming loans and leases to total loans and leases, gross		0.24	%		0.19	%		0.05	%
Nonperforming assets to total assets		0.22	%		0.19	%		0.03	%

Noninterest Income

Noninterest income decreased $261 thousand to $8.6 million for the third quarter of 2025, compared to $8.9 million for the prior quarter. The third quarter decrease was associated with a pre-tax loss of $3.9 million on the sale of $85 million of available-for-sale securities and the reduction of insurance commissions from the sale of SBKI and lower capital markets income included in other noninterest income. These decreases were offset by a pre-tax gain on the sale of SBKI of $4.0 million.

The following table presents detailed information related to noninterest income for the periods indicated (dollars in thousands):


	Three Months Ended
		Sep		Jun		Increase
Noninterest Income		2025		2025		(Decrease)
Service charges on deposit accounts	$	1,831	$	1,766	$	65
Loss on sale of securities		(3,715)		(4)		(3,711)
Mortgage banking income		709		633		76
Investment services		1,690		1,440		250
Insurance commissions		1,049		1,554		(505)
Interchange and debit card transaction fees		1,338		1,342		(4)
Gain on sale of SBKI		3,955		-		3,955
Other		1,780		2,167		(387)
Total noninterest income	$	8,637	$	8,898	$	(261)

Noninterest Expense

Noninterest expense increased $1.3 million to $33.9 million for the third quarter of 2025, compared to $32.6 million for the prior quarter. The third quarter’s increase was primarily attributable to an increase in restructuring expenses.

The following table presents detailed information related to noninterest expense for the periods indicated (dollars in thousands):


	Three Months Ended
		Sep		Jun		Increase
Noninterest Expense		2025		2025		(Decrease)
Salaries and employee benefits	$	19,544	$	19,602	$	(58)
Occupancy and equipment		3,468		3,432		36
FDIC insurance		1,025		992		33
Other real estate and loan related expenses		969		757		212
Advertising and marketing		454		390		64
Data processing and technology		2,594		2,651		(57)
Professional services		1,123		1,153		(30)
Amortization of intangibles		536		566		(30)
Restructuring expenses		1,310		-		1,310
Other		2,846		3,026		(180)
Total noninterest expense	$	33,869	$	32,569	$	1,300

Income Tax Expense

Income tax expense was $3.3 million for the third quarter of 2025, an increase of $729 thousand, compared to $2.6 million for the prior quarter.

Balance Sheet Trends

Total assets at September 30, 2025, were $5.78 billion compared to $5.28 billion at December 31, 2024. The $509.1 million increase is primarily attributable to increases in loans and leases of $316.0 million, cash and cash equivalents of $169.6 million, securities of $25.5 million, other investments of $3.9 million and bank owned life insurance of $2.7 million, offset by a decrease in goodwill and other intangibles of $8.9 million, primarily associated with the sale of SBKI.

Total liabilities were $5.25 billion at September 30, 2025, compared to $4.78 billion at December 31, 2024, an increase of $462.1 million. Total deposits increased $364.4 million, which was driven primarily by increases in money market deposits of $178.8 million, other time deposits of $174.4 million, and interest-bearing demand deposits of $92.7 million, offset by a decline in brokered deposits of $47.4 million and noninterest demand deposits of $34.1 million. In addition, subordinated debt increased by $98.9 million.

Shareholders' equity at September 30, 2025, totaled $538.5 million, an increase of $47.0 million, from December 31, 2024. The increase in shareholders' equity was primarily driven by net income of $36.6 million for the nine months ending September 30, 2025, and a positive change of $12.9 million in accumulated other comprehensive loss, offset by dividends paid of $4.1 million. Tangible book value per common share1 was $26.00 at September 30, 2025, compared to $22.85 at December 31, 2024. Tangible common equity1 as a percentage of tangible assets1 was 7.78% at September 30, 2025, compared with 7.48% at December 31, 2024.

The following table presents selected balance sheet information for the periods indicated (dollars in thousands):


	Sep		Dec		Increase
Selected Balance Sheet Information	2025		2024		(Decrease)
Total assets	$	5,784,983	$	5,275,904	$	509,079
Total liabilities		5,246,501		4,784,443		462,058
Total equity		538,482		491,461		47,021
Securities		634,459		608,987		25,472
Loans and leases		4,222,369		3,906,340		316,029
Deposits		5,050,897		4,686,483		364,414
Borrowings		1,301		8,135		(6,834)

Conference Call Information

SmartFinancial issued this earnings release for the third quarter of 2025 on Tuesday, October 21, 2025, and will host a conference call on Wednesday, October 22, 2025, at 10:00 a.m. ET. To access this interactive teleconference, dial (833) 470-1428 or (646) 844-6383 and enter the access code, 241226. A replay of the conference call will be available through December 31, 2025, by dialing (866) 813-9403 or (929) 458-6194 and enter the access code, 307268. Conference call materials will be published on the Company’s webpage located at http://www.smartfinancialinc.com/CorporateProfile, at 9:00 a.m. ET prior to the conference call.

1 Non-GAAP measure. See “Non-GAAP Financial Measures” for more information and see the Non-GAAP Reconciliation SmartFinancial, Inc., based in Knoxville, Tennessee, is the bank holding company for SmartBank.

About SmartFinancial, Inc.

SmartBank is a full-service commercial bank founded in 2007, with branches across Tennessee, Alabama, and Florida. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have contributed to SmartBank’s success. More information about SmartFinancial can be found on its website: www.smartfinancialinc.com.


Source
SmartFinancial, Inc.

Investor Contacts

Billy Carroll	Nathan Strall
President & Chief Executive Officer	Vice President and Director of Strategy & Corporate Development
Email: billy.carroll@smartbank.com	Email: nathan.strall@smartbank.com
Phone: (865) 868-0613	Phone: (865) 868-2604

Non-GAAP Financial Measures

Statements included in this earnings release include measures not recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered Non-GAAP financial measures (“Non-GAAP”) and should be read along with the accompanying tables, which provide a reconciliation of Non-GAAP financial measures to GAAP financial measures. SmartFinancial management uses several Non-GAAP financial measures and ratios derived therefrom in its analysis of the Company's performance, including:

(i)

Operating earnings

(ii)

Operating noninterest income

(iii)

Operating noninterest expense

(iv)

Operating pre-provision net revenue (“PPNR”) earnings

(v)

Tangible common equity

(vi)

Average tangible common equity

(vii)

Tangible book value per common share

(viii)

Tangible assets

(ix)

Operating efficiency ratio

Operating earnings, operating PPNR earnings, operating noninterest income and operating noninterest expense exclude non-operating related income and expense items from net income, noninterest income and noninterest expense, respectively. Tangible common equity and average tangible common equity exclude goodwill and other intangible assets from shareholders' equity and average shareholders' equity, respectively. Tangible book value per common share is tangible common equity divided by common shares outstanding. Tangible assets excludes goodwill and other intangibles from total assets. Operating efficiency ratio is the quotient of operating noninterest expense divided by the sum of net interest income adjusted for taxable equivalent yields plus operating noninterest income. A detailed reconciliation of these items and the ratios derived therefrom is available in the Non-GAAP reconciliations.

Management believes that Non-GAAP financial measures provide additional useful information that allows investors to evaluate the ongoing performance of the company and provide meaningful comparisons to its peers. Management also believes these Non-GAAP financial measures enhance investors' ability to compare period-to-period financial results and allow investors and company management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance.

Non-GAAP financial measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider SmartFinancial's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the company. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the results or financial condition as reported under GAAP.

Forward-Looking Statements

This news release may contain statements that are based on management’s current estimates or expectations of future events or future results, and that may be deemed to constitute forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements are not historical in nature and can generally be identified by such words as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “may,” “estimate,” and similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause the actual results of SmartFinancial to differ materially from future results expressed or implied by such forward-looking statements. Such risks, uncertainties, and other factors include, among others,

(1)

risks associated with our growth strategy, including a failure to implement our growth plans or an inability to manage our growth effectively;

(2)

claims and litigation arising from our business activities and from the companies we acquire, which may relate to contractual issues, environmental laws, fiduciary responsibility, and other matters;

(3)

general risks related to our disposition, merger and acquisition activity, including risks associated with our pursuit of future acquisitions or sales;

(4)

changes in management’s plans for the future;

(5)

prevailing, or changes in, economic or political conditions (including those resulting from the new administration and Congress), particularly in our market areas, including the effects of declines in the real estate market, high unemployment rates, inflationary pressures, elevated interest rates and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing;

(6)

our ability to anticipate interest rate changes and manage interest rate risk (including the impact of higher interest rates on macroeconomic conditions, competition, and the cost of doing business and the impact of interest rate fluctuations on our financial projections, models and guidance);

(7)

tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services);

(8)

uncertain duration of trade conflicts and the magnitude of the impact that proposed tariffs may have on our customers’ businesses;

(9)

increased technology and cybersecurity risks, including generative artificial intelligence risks;

(10)

the impact of a failure in, or breach of, our operational or security systems or infrastructure, or those of third parties with whom we do business, including as a result of cyber-attacks or an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting us and our customers;

(11)

credit risk associated with our lending activities;

(12)

changes in loan demand, real estate values, or competition;

(13)

developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance;

(14)

changes in accounting principles, policies, or guidelines;

(15)

changes in applicable laws, rules, or regulations;

(16)

adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions;

(17)

potential impacts of any adverse developments in the banking industry, including the impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto;

(18)

significant turbulence or a disruption in the capital or financial markets and the effect of a fall in stock market prices on our investment securities;

(19)

the effects of war or other conflicts;

(20)

the impact of government actions or inactions, including a prolonged shutdown of the federal government; and

(21)

other general competitive, economic, political, and market factors, including those affecting our business, operations, pricing, products, or services.

These and other factors that could cause results to differ materially from those described in the forward-looking statements can be found in SmartFinancial’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, in each case filed with or furnished to the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website (www.sec.gov). Undue reliance should not be placed on forward-looking statements. SmartFinancial disclaims any obligation to update or revise any forward-looking statements contained in this release, which speak only as of the date hereof, whether as a result of new information, future events, or otherwise.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)


	Ending Balances
	Sep		Jun		Mar		Dec		Sep
	2025		2025		2025		2024		2024
Assets:
Cash and cash equivalents	$	557,127	$	365,096	$	422,984	$	387,570	$	192,914
Securities available-for-sale, at fair value		511,095		502,150		499,445		482,328		501,336
Securities held-to-maturity, at amortized cost		123,364		124,520		125,576		126,659		127,779
Other investments		14,888		14,713		14,371		14,740		20,352
Loans held for sale		9,855		5,484		3,843		5,996		5,804
Loans and leases		4,222,369		4,124,062		3,992,207		3,906,340		3,717,478
Less: Allowance for credit losses		(39,074)		(39,776)		(38,175)		(37,423)		(35,609)
Loans and leases, net		4,183,295		4,084,286		3,954,032		3,868,917		3,681,869
Premises and equipment, net		89,250		90,204		90,708		91,093		91,055
Other real estate owned		—		144		144		179		179
Goodwill and other intangibles, net		95,807		103,588		104,154		104,723		105,324
Bank owned life insurance		118,610		117,697		116,805		115,917		105,025
Other assets		81,692		82,981		79,155		77,782		77,297
Total assets	$	5,784,983	$	5,490,863	$	5,411,217	$	5,275,904	$	4,908,934
Liabilities:
Deposits:
Noninterest-bearing demand	$	931,477	$	906,965	$	884,294	$	965,552	$	863,949
Interest-bearing demand		929,454		843,820		885,063		836,731		834,207
Money market and savings		2,218,313		2,124,623		2,131,828		2,039,560		1,854,777
Time deposits		971,653		996,712		907,474		844,640		769,558
Total deposits		5,050,897		4,872,120		4,808,659		4,686,483		4,322,491
Borrowings		1,301		6,966		7,610		8,135		8,997
Subordinated debt		138,604		39,726		39,705		39,684		39,663
Other liabilities		55,699		52,924		49,302		50,141		48,760
Total liabilities		5,246,501		4,971,736		4,905,276		4,784,443		4,419,911
Shareholders' Equity:
Common stock		17,028		17,018		17,018		16,926		16,926
Additional paid-in capital		295,742		295,209		294,736		294,269		293,909
Retained earnings		236,380		224,061		213,721		203,824		195,537
Accumulated other comprehensive loss		(10,781)		(17,274)		(19,647)		(23,671)		(17,349)
Total shareholders' equity attributable to SmartFinancial Inc. and Subsidiary		538,369		519,014		505,828		491,348		489,023
Non-controlling interest - preferred stock of subsidiary		113		113		113		113		—
Total shareholders' equity		538,482		519,127		505,941		491,461		489,023
Total liabilities & shareholders' equity	$	5,784,983	$	5,490,863	$	5,411,217	$	5,275,904	$	4,908,934

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands except share and per share data)


	Three Months Ended										Nine Months Ended
	Sep		Jun		Mar		Dec		Sep		Sep		Sep
	2025		2025		2024		2024		2024		2025		2024
Interest income:
Loans and leases, including fees	$	64,282	$	61,049	$	57,762	$	57,951	$	54,738	$	183,094	$	155,611
Investment securities:
Taxable		4,876		4,848		4,775		5,050		5,233		14,499		15,101
Tax-exempt		441		395		354		351		350		1,190		1,056
Federal funds sold and other earning assets		4,919		3,161		3,485		2,744		3,635		11,565		13,255
Total interest income		74,518		69,453		66,376		66,096		63,956		210,348		185,023
Interest expense:
Deposits		30,464		28,301		27,335		27,437		27,350		86,100		81,824
Borrowings		14		70		70		89		709		155		985
Subordinated debt		1,610		739		733		787		865		3,082		2,647
Total interest expense		32,088		29,110		28,138		28,313		28,924		89,337		85,456
Net interest income		42,430		40,343		38,238		37,783		35,032		121,011		99,567
Provision for credit losses		227		2,411		979		2,135		2,575		3,618		3,018
Net interest income after provision for credit losses		42,203		37,932		37,259		35,648		32,457		117,393		96,549
Noninterest income:
Service charges on deposit accounts		1,831		1,766		1,736		1,778		1,780		5,333		5,084
Gain (loss) on sale of securities, net		(3,715)		(4)		—		64		—		(3,719)		—
Mortgage banking		709		633		493		541		410		1,835		1,038
Investment services		1,690		1,440		1,769		1,382		1,881		4,899		4,563
Insurance commissions		1,049		1,554		1,412		1,832		1,477		4,016		3,865
Interchange and debit card transaction fees		1,338		1,342		1,220		1,332		1,349		3,900		3,945
Gain on sale of SBKI		3,955		—		—		—		—		3,955		—
Other		1,780		2,167		1,967		2,101		2,242		5,914		6,627
Total noninterest income		8,637		8,898		8,597		9,030		9,139		26,133		25,122
Noninterest expense:
Salaries and employee benefits		19,544		19,602		19,234		19,752		18,448		58,380		52,348
Occupancy and equipment		3,468		3,432		3,397		3,473		3,423		10,298		10,144
FDIC insurance		1,025		992		960		825		825		2,977		2,565
Other real estate and loan related expense		969		757		658		1,241		460		2,383		1,582
Advertising and marketing		454		390		382		397		327		1,226		924
Data processing and technology		2,594		2,651		2,657		2,495		2,519		7,903		7,435
Professional services		1,123		1,153		1,368		1,017		1,201		3,643		3,190
Amortization of intangibles		536		566		569		601		604		1,671		1,824
Restructuring expenses		1,310		—		—		—		—		1,310		—
Other		2,846		3,026		3,071		2,490		3,039		8,945		8,587
Total noninterest expense		33,869		32,569		32,296		32,291		30,846		98,736		88,599
Income before income taxes		16,971		14,261		13,560		12,387		10,750		44,790		33,072
Income tax expense		3,285		2,556		2,306		2,747		1,610		8,146		6,572
Net income	$	13,686	$	11,705	$	11,254	$	9,640	$	9,140	$	36,644	$	26,500
Earnings per common share:
Basic	$	0.82	$	0.70	$	0.67	$	0.58	$	0.55	$	2.18	$	1.58
Diluted	$	0.81	$	0.69	$	0.67	$	0.57	$	0.54	$	2.17	$	1.57
Weighted average common shares outstanding:
Basic		16,781,236		16,778,988		16,767,535		16,729,509		16,726,658		16,775,970		16,782,200
Diluted		16,908,920		16,878,736		16,872,097		16,863,780		16,839,998		16,886,153		16,874,316

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)

YIELD ANALYSIS


	Three Months Ended
	September 30, 2025						June 30, 2025						September 30, 2024
	Average				Yield/		Average				Yield/		Average				Yield/
	Balance		Interest		Cost		Balance		Interest		Cost		Balance		Interest		Cost
Assets:
Loans and leases, including fees1	$	4,171,444	$	64,526	6.14	%	$	4,050,485	$	61,294	6.07	%	$	3,634,808	$	54,993	6.02	%
Taxable securities		556,894		4,876	3.47	%		562,660		4,848	3.46	%		564,978		5,233	3.68	%
Tax-exempt securities2		69,843		558	3.17	%		66,223		500	3.03	%		63,561		443	2.77	%
Federal funds sold and other earning assets		428,209		4,919	4.56	%		275,647		3,161	4.60	%		267,252		3,634	5.41	%
Total interest-earning assets		5,226,390		74,879	5.68	%		4,955,015		69,803	5.65	%		4,530,599		64,303	5.65	%
Noninterest-earning assets		408,560						405,804						381,306
Total assets	$	5,634,950					$	5,360,819					$	4,911,905

Liabilities and Shareholders’ Equity:
Interest-bearing demand deposits	$	869,690		4,048	1.85	%	$	835,394		3,785	1.82	%	$	925,307		5,289	2.27	%
Money market and savings deposits		2,186,245		16,693	3.03	%		2,104,236		15,762	3.00	%		1,917,301		16,608	3.45	%
Time deposits		1,005,800		9,723	3.84	%		914,658		8,754	3.84	%		560,699		5,453	3.87	%
Total interest-bearing deposits		4,061,735		30,464	2.98	%		3,854,288		28,301	2.95	%		3,403,307		27,350	3.20	%
Borrowings		4,351		14	1.28	%		7,783		70	3.61	%		53,592		709	5.26	%
Subordinated debt		85,113		1,610	7.50	%		39,714		739	7.46	%		40,846		865	8.42	%
Total interest-bearing liabilities		4,151,199		32,088	3.07	%		3,901,785		29,110	2.99	%		3,497,745		28,924	3.29	%
Noninterest-bearing deposits		900,079						898,428						884,938
Other liabilities		57,843						49,539						50,580
Total liabilities		5,109,121						4,849,752						4,433,263
Shareholders' equity		525,829						511,067						478,642
Total liabilities and shareholders' equity	$	5,634,950					$	5,360,819					$	4,911,905

Net interest income, taxable equivalent			$	42,791					$	40,693					$	35,379
Interest rate spread					2.62	%					2.66	%					2.36	%
Tax equivalent net interest margin					3.25	%					3.29	%					3.11	%

Percentage of average interest-earning assets to average interest-bearing liabilities					125.90	%					126.99	%					129.53	%
Percentage of average equity to average assets					9.33	%					9.53	%					9.74	%

1 Yields computed on tax-exempt loans on a tax equivalent basis include $244 thousand, $245 thousand, and $255 thousand of taxable equivalent income for the quarters ended September 30, 2025, June 30, 2025, and September 30, 2024, respectively.

2 Yields computed on tax-exempt instruments on a tax equivalent basis include $117 thousand, $105 thousand, and $93 thousand of taxable equivalent income for the quarters ended September 30, 2025, June 30, 2025, and September 30, 2024, respectively.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)

YIELD ANALYSIS


	Nine Months Ended
	September 30, 2025							September 30, 2024
	Average				Yield/			Average				Yield/
	Balance		Interest		Cost			Balance		Interest		Cost
Assets:
Loans and leases, including fees1	$	4,055,251	$	183,829		6.06	%	$	3,532,768	$	156,123	5.90	%
Taxable securities		558,493		14,499		3.47	%		588,679		15,101	3.43	%
Tax-exempt securities2		66,408		1,506		3.03	%		63,804		1,336	2.80	%
Federal funds sold and other earning assets		337,385		11,566		4.58	%		322,339		13,255	5.49	%
Total interest-earning assets		5,017,537		211,400		5.63	%		4,507,590		185,815	5.51	%
Noninterest-earning assets		406,751							381,743
Total assets	$	5,424,288						$	4,889,333

Liabilities and Shareholders’ Equity:
Interest-bearing demand deposits	$	850,720		11,577		1.82	%	$	968,139		17,299	2.39	%
Money market and savings deposits		2,118,652		47,518		3.00	%		1,910,452		49,285	3.45	%
Time deposits		934,255		27,005		3.86	%		543,887		15,240	3.74	%
Total interest-bearing deposits		3,903,627		86,100		2.95	%		3,422,478		81,824	3.19	%
Borrowings		6,769		155		3.06	%		25,941		985	5.07	%
Subordinated debt		55,006		3,082		7.49	%		41,691		2,647	8.48	%
Total interest-bearing liabilities		3,965,402		89,337		3.01	%		3,490,110		85,456	3.27	%
Noninterest-bearing deposits		894,254							882,168
Other liabilities		52,905							48,299
Total liabilities		4,912,561							4,420,577
Shareholders' equity		511,727							468,756
Total liabilities and shareholders' equity	$	5,424,288						$	4,889,333

Net interest income, taxable equivalent			$	122,063						$	100,359
Interest rate spread						2.62	%					2.24	%
Tax equivalent net interest margin						3.25	%					2.97	%

Percentage of average interest-earning assets to average interest-bearing liabilities						126.53	%					129.15	%
Percentage of average equity to average assets						9.43	%					9.59	%

1 Yields computed on tax-exempt loans on a tax equivalent basis include $735 thousand and $512 thousand of taxable equivalent income for the nine months ended September 30, 2025, and 2024, respectively.

2 Yields computed on tax-exempt instruments on a tax equivalent basis include $316 thousand and $280 thousand of taxable equivalent income for the nine months ended September 30, 2025, and 2024, respectively.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)


	As of and for The Three Months Ended
	Sep			Jun			Mar			Dec			Sep
	2025			2025			2025			2024			2024
Composition of Loans and Leases:
Commercial real estate:
Non-owner occupied	$	1,136,080		$	1,114,133		$	1,117,392		$	1,080,404		$	1,031,708
Owner occupied		1,012,088			958,989			885,396			867,678			868,077
Commercial real estate, total		2,148,168			2,073,122			2,002,788			1,948,082			1,899,785
Consumer real estate		811,150			803,270			784,602			741,836			690,504
Construction & land development		390,691			391,155			357,393			361,735			315,006
Commercial & industrial		794,751			778,754			768,454			775,620			731,600
Leases		60,301			62,495			64,208			64,878			67,052
Consumer and other		17,308			15,266			14,762			14,189			13,531
Total loans and leases	$	4,222,369		$	4,124,062		$	3,992,207		$	3,906,340		$	3,717,478

Asset Quality and Additional Loan Data:
Nonperforming loans and leases	$	10,099		$	7,921		$	7,807		$	7,872		$	9,491
Other real estate owned		—			144			144			179			179
Other repossessed assets		2,444			2,397			2,414			2,037			2,949
Total nonperforming assets	$	12,543		$	10,462		$	10,365		$	10,088		$	12,619
Modified loans and leases1 not included in nonperforming loans and leases	$	1,783		$	1,660		$	1,978		$	3,989		$	4,053
Net charge-offs to average loans and leases (annualized)		0.10	%		0.01	%		0.01	%		0.02	%		0.15	%
Allowance for credit losses to loans and leases		0.93	%		0.96	%		0.96	%		0.96	%		0.96	%
Nonperforming loans and leases to total loans and leases, gross		0.24	%		0.19	%		0.20	%		0.20	%		0.26	%
Nonperforming assets to total assets		0.22	%		0.19	%		0.19	%		0.19	%		0.26	%

Capital Ratios:
Equity to Assets		9.31	%		9.45	%		9.35	%		9.32	%		9.96	%
Tangible common equity to tangible assets (Non-GAAP)2		7.78	%		7.71	%		7.57	%		7.48	%		7.99	%

SmartFinancial, Inc.3
Tier 1 leverage		8.20	%		8.25	%		8.16	%		8.29	%		8.44	%
Common equity Tier 1		9.85	%		9.67	%		9.79	%		9.76	%		10.06	%
Tier 1 capital		9.85	%		9.67	%		9.79	%		9.76	%		10.06	%
Total capital		13.31	%		11.04	%		11.18	%		11.10	%		11.62	%

SmartBank3
Tier 1 leverage		9.59	%		8.88	%		8.76	%		8.94	%		9.17	%
Common equity Tier 1		11.56	%		10.41	%		10.51	%		10.51	%		10.92	%
Tier 1 capital		11.56	%		10.41	%		10.51	%		10.51	%		10.92	%
Total capital		12.37	%		11.25	%		11.35	%		11.30	%		11.69	%

1Borrowers that have experienced financial difficulty.

2Total common equity less intangibles divided by total assets less intangibles. See reconciliation of Non-GAAP measures.

3 Current period capital ratios are estimated as of the date of this earnings release.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands except share and per share data)


	As of and for The															As of and for The
	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep			Sep			Sep
	2025			2025			2025			2024			2024			2025			2024
Selected Performance Ratios (Annualized):
Return on average assets		0.96	%		0.88	%		0.87	%		0.75	%		0.74	%		0.90	%		0.72	%
Return on average shareholders' equity		10.33	%		9.19	%		9.17	%		7.84	%		7.60	%		9.57	%		7.55	%
Return on average tangible common equity¹		12.79	%		11.53	%		11.60	%		9.99	%		9.75	%		11.99	%		9.77	%
Noninterest income / average assets		0.61	%		0.67	%		0.66	%		0.71	%		0.74	%		0.64	%		0.69	%
Noninterest expense / average assets		2.38	%		2.44	%		2.48	%		2.52	%		2.50	%		2.43	%		2.42	%
Efficiency ratio		66.32	%		66.14	%		68.96	%		68.98	%		69.83	%		67.10	%		71.06	%

Operating Selected Performance Ratios (Annualized):
Operating return on average assets1		1.02	%		0.88	%		0.87	%		0.75	%		0.74	%		0.92	%		0.69	%
Operating PPNR return on average assets1		1.29	%		1.25	%		1.12	%		1.13	%		1.08	%		1.22	%		0.94	%
Operating return on average shareholders' equity1		10.92	%		9.19	%		9.17	%		7.80	%		7.60	%		9.78	%		7.21	%
Operating return on average tangible common equity1		13.53	%		11.53	%		11.60	%		9.94	%		9.75	%		12.25	%		9.32	%
Operating efficiency ratio1		63.61	%		65.66	%		68.46	%		68.58	%		69.28	%		65.85	%		71.55	%
Operating noninterest income / average assets1		0.59	%		0.67	%		0.66	%		0.70	%		0.74	%		0.64	%		0.64	%
Operating noninterest expense / average assets1		2.29	%		2.44	%		2.48	%		2.52	%		2.50	%		2.40	%		2.42	%

Selected Interest Rates and Yields:
Yield on loans and leases, excluding loan fees, FTE		6.05	%		5.99	%		5.88	%		5.95	%		5.95	%		5.98	%		5.82	%
Yield on loans and leases, FTE		6.14	%		6.07	%		5.97	%		6.04	%		6.02	%		6.06	%		5.90	%
Yield on earning assets, FTE		5.68	%		5.65	%		5.56	%		5.64	%		5.65	%		5.63	%		5.51	%
Cost of interest-bearing deposits		2.98	%		2.95	%		2.92	%		3.02	%		3.20	%		2.95	%		3.19	%
Cost of total deposits		2.44	%		2.39	%		2.37	%		2.43	%		2.54	%		2.40	%		2.54	%
Cost of interest-bearing liabilities		3.07	%		2.99	%		2.97	%		3.08	%		3.29	%		3.01	%		3.27	%
Net interest margin, FTE		3.25	%		3.29	%		3.21	%		3.24	%		3.11	%		3.25	%		2.97	%

Per Common Share:
Net income, basic	$	0.82		$	0.70		$	0.67		$	0.58		$	0.55		$	2.18		$	1.58
Net income, diluted		0.81			0.69			0.67			0.57			0.54			2.17			1.57
Operating earnings, basic¹		0.86			0.70			0.67			0.57			0.55			2.23			1.51
Operating earnings, diluted¹		0.86			0.69			0.67			0.57			0.54			2.22			1.50
Book value per common share		31.62			30.51			29.73			29.04			28.89			31.62			28.89
Tangible book value per common share¹		26.00			24.42			23.61			22.85			22.67			26.00			22.67
Common shares outstanding		17,028,001			17,017,547			17,017,547			16,925,672			16,926,374			17,028,001			16,926,374

¹Non-GAAP measure. See reconciliation of Non-GAAP measures.

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)

NON-GAAP RECONCILIATIONS


	Three Months Ended															Nine Months Ended
	Sep			Jun			Mar			Dec			Sep			Sep			Sep
	2025			2025			2025			2024			2024			2025			2024
Operating Earnings:
Net income (GAAP)	$	13,686		$	11,705		$	11,254		$	9,640		$	9,140		$	36,644		$	26,500
Noninterest income:
Securities losses (gains), net		3,715			4			—			(64)			—			3,719			—
Gain on sale of former branch building		—			—			—			—			—			—			(1,629)
Gain on sale of SBKI		(3,955)			—			—			—			—			(3,955)			—
Noninterest expenses:
Restructuring expenses		1,310			—			—			—			—			1,310			—
Income taxes:
Income tax effect of adjustments		(276)			(1)			—			17			—			(277)			421
Operating earnings (Non-GAAP)	$	14,480		$	11,708		$	11,254		$	9,593		$	9,140		$	37,441		$	25,292
Operating earnings per common share (Non-GAAP):
Basic	$	0.86		$	0.70		$	0.67		$	0.57		$	0.55		$	2.23		$	1.51
Diluted		0.86			0.69			0.67			0.57			0.54			2.22			1.50

Operating Noninterest Income:
Noninterest income (GAAP)	$	8,637		$	8,898		$	8,597		$	9,030		$	9,139		$	26,133		$	25,122
Securities losses (gains), net		3,715			4			—			(64)			—			3,719			—
Gain on sale of former branch building		—			—			—			—			—			—			(1,629)
Gain on sale of SBKI		(3,955)			—			—			—			—			(3,955)			—
Operating noninterest income (Non-GAAP)	$	8,397		$	8,902		$	8,597		$	8,966		$	9,139		$	25,897		$	23,493
Operating noninterest income (Non-GAAP)/average assets1		0.59	%		0.67	%		0.66	%		0.70	%		0.74	%		0.64	%		0.64

Operating Noninterest Expense:
Noninterest expense (GAAP)	$	33,869		$	32,569		$	32,296		$	32,291		$	30,846		$	98,736		$	88,599
Restructuring expenses		(1,310)			—			—			—			—			(1,310)			—
Operating noninterest expense (Non-GAAP)	$	32,559		$	32,569		$	32,296		$	32,291		$	30,846		$	97,426		$	88,599
Operating noninterest expense (Non-GAAP)/average assets2		2.29	%		2.44	%		2.48	%		2.52	%		2.50	%		2.40	%		2.42

Operating Pre-provision Net revenue ("PPNR") Earnings:
Net interest income (GAAP)	$	42,430		$	40,343		$	38,238		$	37,783		$	35,032		$	121,011		$	99,567
Operating noninterest income (Non-GAAP)		8,397			8,902			8,597			8,966			9,139			25,897			23,493
Operating noninterest expense (Non-GAAP)		(32,559)			(32,569)			(32,296)			(32,291)			(30,846)			(97,426)			(88,599)
Operating PPNR earnings (Non-GAAP)	$	18,268		$	16,676		$	14,539		$	14,458		$	13,325		$	49,482		$	34,461

Non-GAAP Return Ratios:
Operating return on average assets (Non-GAAP)3		1.02	%		0.88	%		0.87	%		0.75	%		0.74	%		0.92	%		0.69
Operating PPNR return on average assets (Non-GAAP)4		1.29	%		1.25	%		1.12	%		1.13	%		1.08	%		1.22	%		0.94
Return on average tangible common equity (Non-GAAP)5		12.79	%		11.53	%		11.60	%		9.99	%		9.75	%		11.99	%		9.77
Operating return on average shareholders' equity (Non-GAAP)6		10.92	%		9.19	%		9.17	%		7.80	%		7.60	%		9.78	%		7.21
Operating return on average tangible common equity (Non-GAAP)7		13.53	%		11.53	%		11.60	%		9.94	%		9.75	%		12.25	%		9.32

Operating Efficiency Ratio:
Efficiency ratio (GAAP)		66.32	%		66.14	%		68.96	%		68.98	%		69.83	%		67.10	%		71.06
Adjustment for taxable equivalent yields		(0.47)	%		(0.47)	%		(0.50)	%		(0.49)	%		(0.55)	%		(0.48)	%		(0.45)
Adjustment for securities gains (losses)		(4.50)	%		(0.01)	%		—	%		0.09	%		—	%		(1.65)	%		—
Adjustment for sale of branch location		—	%		—	%		—	%		—	%		—	%		—	%		0.94
Adjustment for sale of SBKI		5.57	%		—	%		—	%		—	%		—	%		1.85	%		—
Adjustment for restructuring cost		(3.31)	%		—	%		—	%		—	%		—	%		(0.97)	%		—
Operating efficiency ratio (Non-GAAP)		63.61	%		65.66	%		68.46	%		68.58	%		69.28	%		65.85	%		71.55

1Operating noninterest income (Non-GAAP) is annualized and divided by average assets.

2Operating noninterest expense (Non-GAAP) is annualized and divided by average assets.

3Operating return on average assets (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average assets.

4Operating PPNR return on average assets (Non-GAAP) is the annualized operating PPNR earnings (Non-GAAP) divided by average assets.

5Return on average tangible common equity (Non-GAAP) is the annualized net income divided by average tangible common equity (Non-GAAP).

6Operating return on average shareholders’ equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average equity.

7Operating return on average tangible common equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average tangible common equity (Non-GAAP).

SmartFinancial, Inc. and Subsidiary

Condensed Consolidated Financial Information - (unaudited)

(dollars in thousands)

NON-GAAP RECONCILIATIONS


	Three Months Ended
	Sep		Jun		Mar		Dec		Sep
	2025		2025		2025		2024		2024
Tangible Common Equity:
Shareholders' equity (GAAP)	$	538,482	$	519,127	$	505,941	$	491,461	$	489,023
Less goodwill and other intangible assets		95,807		103,588		104,154		104,723		105,324
Tangible common equity (Non-GAAP)	$	442,675	$	415,539	$	401,787	$	386,738	$	383,699

Average Tangible Common Equity:
Average shareholders' equity (GAAP)	$	525,829	$	511,067	$	497,980	$	489,172	$	478,642
Less average goodwill and other intangible assets		101,326		103,936		104,504		105,093		105,701
Average tangible common equity (Non-GAAP)	$	424,503	$	407,131	$	393,476	$	384,079	$	372,941

Tangible Book Value per Common Share:
Book value per common share (GAAP)	$	31.62	$	30.51	$	29.73	$	29.04	$	28.89
Adjustment due to goodwill and other intangible assets		(5.63)		(6.09)		(6.12)		(6.19)		(6.22)
Tangible book value per common share (Non-GAAP)1	$	26.00	$	24.42	$	23.61	$	22.85	$	22.67

Tangible Common Equity to Tangible Assets:
Total Assets (GAAP)	$	5,784,983	$	5,490,863	$	5,411,217	$	5,275,904	$	4,908,934
Less goodwill and other intangibles		95,807		103,588		104,154		104,723		105,324
Tangible Assets (Non-GAAP)	$	5,689,176	$	5,387,275	$	5,307,063	$	5,171,181	$	4,803,610
Tangible common equity to tangible assets (Non-GAAP)		7.78%		7.71%		7.57%		7.48%		7.99%

1Tangible book value per share (Non-GAAP) is computed by dividing total shareholders’ equity, less goodwill and other intangible assets, by common shares outstanding.

EX-99.2 3 smbk-20251021xex99d2.htm EX-99.2

Exhibit 99.2

1 INVESTOR CALL 3Q 2025 October 22, 2025, 10:00am ET Webcast: www.smartbank.com (Investor Relations) Audio Only: 1 -833 -470 -1428 Access Code: 241226 Miller Welborn Chairman of the Board Billy Carroll President & CEO Ron Gorczynski CFO

Forward-Looking Statements This presentation may contain statements that are based on management’s current estimates or expectations of future events or future results, and that may be deemed to constitute forward-looking statements as defined under the Private Securities Litigation Reform Act of 1995. These statements on SmartFinancial Inc.’s (“SmartFinancial”) business and financial results and conditions, are not historical in nature and can generally be identified by such words as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “may,” “estimate,” and similar expressions. All forward-looking statements are subject to risks, uncertainties, and other factors that may cause the actual results of SmartFinancial to differ materially from future results expressed or implied by such forward-looking statements. Such risks, uncertainties, and other factors include, among others, (1) risks associated with our growth strategy, including a failure to implement our growth plans or an inability to manage our growth effectively; (2) claims and litigation arising from our business activities and from the companies we acquire, which may relate to contractual issues, environmental laws, fiduciary responsibility, and other matters; (3) general risks related to our disposition merger and acquisition activity, including risks associated with our pursuit of future acquisitions or sales; (4) changes in management’s plans for the future; (5) prevailing, or changes in, economic or political conditions (including those resulting from the new administration and Congress), particularly in our market areas, including the effects of declines in the real estate market, high unemployment rates, inflationary pressures, elevated interest rates and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing; (6) our ability to anticipate interest rate changes and manage interest rate risk (including the impact of higher interest rates on macroeconomic conditions, competition, and the cost of doing business and the impact of interest rate fluctuations on our financial projections, models and guidance); (7) tariffs or trade wars (including reduced consumer spending, lower economic growth or recession, reduced demand for U.S. exports, disruptions to supply chains, and decreased demand for other banking products and services); (8) uncertain duration of trade conflicts and the magnitude of the impact that proposed tariffs may have on our customers’ businesses; (9) increased technology and cybersecurity risks, including generative artificial intelligence risks; (10) the impact of a failure in, or breach of, our operational or security systems or infrastructure, or those of third parties with whom we do business, including as a result of cyber-attacks or an increase in the incidence or severity of fraud, illegal payments, security breaches or other illegal acts impacting us and our customers; (11) credit risk associated with our lending activities; (12) changes in loan demand, real estate values, or competition; (13) developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance; (14) changes in accounting principles, policies, or guidelines; (15) changes in applicable laws, rules, or regulations; (16) adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions; (17) potential impacts of any adverse developments in the banking industry, including the impacts on customer confidence, deposit outflows, liquidity and the regulatory response thereto; (18) significant turbulence or a disruption in the capital or financial markets and the effect of a fall in stock market prices on our investment securities; (19) the effects of war or other conflicts; (20) the impact of government actions or inactions, including a prolonged shutdown of the federal government; and (21) other general competitive, economic, political, and market factors, including those affecting our business, operations, pricing, products, or services. These and other factors that could cause results to differ materially from those described in the forward-looking statements can be found in SmartFinancial’s most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K, in each case filed with or furnished to the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website (www.sec.gov). Undue reliance should not be placed on forward-looking statements. SmartFinancial disclaims any obligation to update or revise any forward-looking statements contained in this presentation, which speak only as of the date hereof, whether as a result of new information, future events, or otherwise. DISCLOSURES 2 Non-GAAP Financial Measures Statements included in this presentation include measures not recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered Non-GAAP financial measures (“Non-GAAP”) and should be read along with the accompanying tables, which provide a reconciliation of Non-GAAP financial measures to GAAP financial measures. SmartFinancial management uses several Non-GAAP financial measures and ratios derived therefrom in its analysis of the Company's performance, including: (i) Operating revenue (ii) Operating earnings (iii) Operating noninterest income (iv) Operating noninterest expense (v) Operating pre-provision net revenue (“PPNR”) earnings (vi) Tangible common equity (vii) Tangible common equity (excluding Accumulated Other Comprehensive income (“AOCI”)) (viii) Average tangible common equity (ix) Tangible book value per common share (x) Tangible book value per common share (excluding AOCI) (xi) Tangible assets (xii) Operating efficiency ratio Operating earnings, operating revenue, operating PPNR earnings, operating noninterest income and operating noninterest expense exclude non-operating related income and expense items from net income, noninterest income and noninterest expense, respectively. Operating efficiency ratio is the quotient of operating noninterest expense divided by the sum of net interest income adjusted for taxable equivalent yields plus operating noninterest income. Tangible common equity and average tangible common equity excludes goodwill and other intangible assets from shareholders' equity and average shareholders' equity, respectively. Tangible common equity (excluding AOCI) excludes goodwill and other intangible assets from shareholders’ equity and accumulated other comprehensive income. Tangible book value per common share is tangible common equity divided by common shares outstanding. Tangible book value per common share (excluding AOCI) is tangible common equity (excluding AOCI) divided by common shares outstanding. Tangible assets excludes goodwill and other intangibles from total assets. A detailed reconciliation of these items and the ratios derived therefrom is available in the Non-GAAP reconciliations. Management believes that Non-GAAP financial measures provide additional useful information that allows investors to evaluate the ongoing performance of the company and provide meaningful comparisons to its peers. Management also believes these Non-GAAP financial measures enhance investors' ability to compare period-to-period financial results and allow investors and company management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance. Non-GAAP financial measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider SmartFinancial's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the company. Non-GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the results or financial condition as reported under GAAP. Unless otherwise indicated, all financial data contained in this presentation is as of 9/30/25

$0.54 $0.69 $0.81 $0.54 $0.69 $0.86 3Q24 2Q25 3Q25 GAAP EPS Diluted Operating EPS $28.89 $30.51 $31.62 $22.67 $24.42 $26.00 3Q24 2Q25 3Q25 BV Per Share TBV Per Share 0.74% 0.88% 0.96% 0.74% 0.88% 1.02% 3Q24 2Q25 3Q25 GAAP ROAA Operating ROAA 9.7% 11.5% 12.8% 9.7% 11.5% 13.5% 3Q24 2Q25 3Q25 ROATCE Operating ROATCE 3 Unless otherwise indicated, financial data as of or for the three months ended 9/30/25 1) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix 2) QoQ: Quarter-over-Quarter 3) “Loans” for purposes of this presentation includes all SmartFinancial loans and leases QUARTERLY HIGHLIGHTS: THIRD QUARTER 2025 26% QoQ2 Annualized Tang. Book Value Per Share Growth1 $0.86 Diluted Operating EPS1 1.02% Operating Return on Average Assets1 13.5% Operating Return on Average Tang. Common Equity1 64% Operating Efficiency Ratio1 15% QoQ Annualized Deposit Growth 10% QoQ Annualized Organic Loan3 Growth 84% Loan / Deposit Ratio3 0.22% Non-Performing Assets / Assets $4.0 Million Gain on Sale of SBK Insurance Diluted Earnings Per Share Book Value Per Share Return on Average Assets Return on Average Tangible Common Equity 1 1 1 1

$6,655 $13,686 $( 1, 000) $1, 000 $3, 000 $5, 000 $7, 000 $9, 000 $11, 000 $13, 000 $15, 000 $17, 000 $0.40 $0.81 $0 $0 $0 $0 $0 $1 $1 $1 $1 $1 $36,661 $51,067 $10, 000 $15, 000 $20, 000 $25, 000 $30, 000 $35, 000 $40, 000 $45, 000 $50, 000 $55, 000 $60, 000 $2,693 $4,222 $100 $600 $1, 100 $1, 600 $2, 100 $2, 600 $3, 100 $3, 600 $4, 100 $4, 600 $4,022 $5,051 $2, 000 $2, 500 $3, 000 $3, 500 $4, 000 $4, 500 $5, 000 $5, 500 0.11%0.22% $- $0 $0 $0 $0 $0 4 GAAP KEY MEASURE TRENDS: $ in Thousands Net Income: Diluted Earnings Per Share: Total Revenue: Loans HFI: Deposits: NPAs / Assets: $ in Thousands $ in Millions $ in Millions Diluted Earnings Per Share: Net Income / Diluted Common Shares Outstanding Total Revenue: Net Interest Income + Total Non-Interest Income Loans HFI: Total Loans Held for Investment NPAs / Assets: Total Nonperforming Assets / Total Assets

$8,704 $14,480 $- $2, 000 $4, 000 $6, 000 $8, 000 $10, 000 $12, 000 $14, 000 $16, 000 $18, 000 $0.52 $0.86 $0 $0 $0 $0 $1 $1 $1 $1 $1 $11,600 $18,268 $5, 000 $7, 000 $9, 000 $11, 000 $13, 000 $15, 000 $17, 000 $19, 000 $21, 000 0.77% 1.02% $- $0 $0 $0 $0 $0 $0 10.70%13.53% $- $0 $0 $0 $0 $0 $0 $0 $0 $0 $19.26 $26.00 $16 $18 $20 $22 $24 $26 5 NON-GAAP KEY MEASURE TRENDS1 : 1) Operating Earnings, Operating Diluted EPS, Operating PPNR Earnings, Operating ROAA, Operating ROATCE, Tangible Book Value Per Share and Tangible Common Equity are all Non-GAAP financial measures. For a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix $ in Thousands Operating Earnings: Diluted Operating EPS: Operating PPNR Earnings: Operating ROAA: Operating ROATCE: Tangible Book Value Per Share: $ in Thousands Operating Diluted Earnings Per Share: Operating Earnings / Diluted Common Shares Outstanding Operating Pre-Provision Net Revenue Earnings: Net Interest Income + Operating Non-Interest Income – Operating Non-Interest Expense Operating Non-Interest Income: Non-Interest Income Adjusted for Non-Operating, Non-Recurring Items Operating Non-Interest Expense: Non-Interest Expense Adjusted for Non-Operating, Non-Recurring Items Operating Return on Average Assets: Operating Earnings / Average Assets Tangible Book Value Per Share: Tangible Common Equity / Total Common Shares Outstanding Tangible Common Equity: Total Common Equity Less Goodwill, Core Deposit and Other Intangibles Operating Earnings: Net Income Adjusted for Non-Operating, Non-Recurring Items Operating Return on Average Tangible Common Equity: Operating Earnings / Average Tangible Common Equity Tangible Common Equity: Total Common Equity Less Goodwill, Core Deposit and Other Intangibles $ in Thousands

6 SMARTFINANCIAL: EXPANDING SOUTHEAST FRANCHISE $5.8 Billion in Total Assets $4.2 Billion in Total Loans We are building a culture where Associates thrive and are empowered to be leaders. The core values that we have established as a company help us operate in unison and have become a critical part of our culture. Our Associates are key to SmartBank’s success. $5.1 Billion in Total Deposits 42 Total Branches Nashville Knoxville Huntsville Tuscaloosa Mobile Pensacola Birmingham Auburn Tallahassee Dothan Montgomery SmartBank Branch Offices Chattanooga 1) 2024 Great Place to Work survey Panama City 1 92%

$1.0 $1.1 $1.7 $2.3 $2.4 $3.3 $4.6 $4.6 $4.8 $5.3 $5.8 $- $1 $2 $3 $4 $5 $6 $7 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 7 SMARTBANK JOURNEY: LOOKING AHEAD Validation: Scaling: Leveraging: • Focused on validating platform and substantiating market need • Completed Cornerstone merger-of-equals • Completed functional initial public offering • Began expanding commercial banking product offering • Quickly recognized the need for scale to spread operating cost over larger asset base • Focused on building scale through asset growth with emphasis on fee revenue drivers • Completed four bank acquisitions • Acquired Fountain Equipment Finance • Started dealer floor plan lending unit • Expanded into seven new de novo markets • Broadened Treasury Management and commercial banking product package • Implemented several multi-year IT infrastructure projects • Consolidated inconsistent legacy products, services and operational procedures • Focus on leveraging existing investments to efficiently deploy capital and enhance EPS and ROATCE • Strategic hiring supported by existing infrastructure • Further investment in commercial banking business • Heightened focus on commercial sales process • Targeted business relationship generation and client profitability profiles • Operational and product enhancement in key areas (Treasury Management, digital capabilities, etc.) • M&A focus shifted to strategics and/or “needle moving” opportunities $ in Billions, unless otherwise indicated Strategic Focus: Leverage Existing Infrastructure Investments to Drive Profitability and Optimize Efficiency

MARKET AREA: BUILDING DENSITY IN ATTRACTIVE SOUTHEAST MARKETS 8 ► Production Team: 45 ► Loans: 60% ► Deposits: 63% ► ’21-’25 Growth: 10% Tennessee Source: S&P Market Intelligence; U.S. Census; https://www.cnbc.com/americas-top-states-for-business/ 1) Production team includes relationship managers, market leaders, regional and divisional presidents responsible for meeting business production goals 2) Market loan and deposit percentages shown as a percentage of the total loans and deposits of SmartBank as of 9/30/25, respectively 3) 12/31/21 – 9/30/25 Compound Annualized Growth Rate based on market loan growth over the time period Profile by Market Area: Abundant Organic Opportunity US Population Migration: Strong Migration into Great Markets 1,2,3 ► Production Team: 28 ► Loans: 25% ► Deposits: 29% ► ’21-’25 Growth: 25% Alabama ► Production Team: 14 ► Loans: 15% ► Deposits: 8% ► ’21-’25 Growth: 10% Coastal Projected Population CAGR through 2030 AMERICA’S TOP STATES FOR BUSINESS 2025 N. CAROLINA: #1 FLORIDA: #3 GEORGIA: #7 TENNESSEE: #8 S. CAROLINA: #18 ALABAMA: #19 Knoxville Nashville Huntsville Pensacola Birmingham Tallahassee Montgomery Chattanooga Mobile Auburn Dothan Tuscaloosa Panama City >0.75% 0.75% to 0.50% 0.50% to 0.00% <0.00% Southeast Population Growth Expected to Continue

$2,382 $2,693 $3,254 $3,444 $3,906 $3,992 $4,124 $4,222 5.86% 5.88% 5.99% 6.05% 5. 50% 5. 70% 5. 90% 6. 10% 6. 30% 6. 50% $- $500 $1, 000 $1, 500 $2, 000 $2, 500 $3, 000 $3, 500 $4, 000 2020Y 2021Y 2022Y 2023Y 2024Y 1Q25 2Q25 3Q25 23% 22% 22% 23% 24% 28% 28% 28% 27% 27% 20% 20% 19% 19% 19% 8% 9% 9% 9% 9% 19% 19% 20% 19% 19% $3,717 $3,906 $3,992 $4,124 $4,222 3Q24 4Q24 1Q25 2Q25 3Q25 CRE, OO CRE, NOO C&I C&D Consumer RE Leases & Other 9 LOAN PORTFOLIO: SOLID MARKETS PROVIDING OPPORTUNITY Total Loans CAGR of 13% Since 2020 $ in Millions, unless otherwise indicated Average Loan Yield (excluding accretion & fees) Loan Composition History of Consistent Organic Growth

1-4 Family (NOO) 24% Resi/Comm Land Dev. 12% Resi/Comm Land 19% CRE (OO) 10% CRE (NOO) 17% Multifamily 21% Hotel & Hospitality 32% Retail Space 10% Office Space 12% Ind. & Warehouse 6% Misc. 15% 10 LOAN CONCENTRATION: WELL BALANCED EXPOSURE Non-Owner Occupied CRE Exposure By Segment Highly Diversified with Seasoned Client Base Construction & Development Exposure By Type1 Concentration Risk Closely Monitored 1) 1-4 Family (OO) includes owner-occupied primary and secondary residence construction loans; 1-4 Family (NOO) includes speculative and investment property residential construction loans; Resi/Comm Land Dev. includes primary, secondary, investment and commercial land development loans; Resi/Comm Land includes residential and commercial improved and unimproved land loans; Multifamily includes 5 or more residential property loans; CRE (OO) includes construction loans for owner-occupied commercial real estate including hotel & hospitality, retail, office, industrial & warehouse, self-storage and other commercial real estate; CRE (NOO) includes construction loans for non-owner occupied commercial real estate including hotel & hospitality, retail, office, industrial & warehouse, self-storage and other commercial real estate 2) Outstanding net book value balance shown $1.1 Billion2 - 27% of Total Loans $391 Million2 - 9% of Total Loans

$12,619 $10,088 $10,365 $10,462 $12,543 0.26% 0.19% 0.19% 0.19% 0.22% - 0.10% 0.10% 0.30% 0.50% 0.70% 0.90% 1.10% 1.30% 1.50% $- $2, 000 $4, 000 $6, 000 $8, 000 $10, 000 $12, 000 $14, 000 $16, 000 3Q24 4Q24 1Q25 2Q25 3Q25 Nonperforming Loans and Leases OREO & Other Repos Nonperforming Assets / Total Assets 287% 303% 304% 301% 271% 67% 76% 73% 78% 69% 0% 50% 100% 150% 200% 250% 150% 170% 190% 210% 230% 250% 270% 290% 310% 330% 350% 3Q24 4Q24 1Q25 2Q25 3Q25 CRE Loans / Capital C&D Loans / Capital $13,903 $15,248 $15,474 $12,882 $15,728 0.37% 0.39% 0.39% 0.31% 0.37% - 0.10% 0.10% 0.30% 0.50% 0.70% 0.90% 1.10% 1.30% 1.50% 1.70% $2, 000 $4, 000 $6, 000 $8, 000 $10, 000 $12, 000 $14, 000 $16, 000 $18, 000 $20, 000 $22, 000 3Q24 4Q24 1Q25 2Q25 3Q25 Total Delinquent & Nonaccrual Loans & Leases Total Delinquent & Nonaccrual Loans & Leases / Total Loans & Leases 0.27% 0.30% 0.24% 0.24% 0.25% 0.15% 0.02% 0.01% 0.01% 0.10% - 0.10% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 3Q24 4Q24 1Q25 2Q25 3Q25 Classified Loans and Leases / Total Loans & Leases Net Chargeoffs $35,609 $37,423 $38,175 $39,776 $39,074 0.96% 0.96% 0.96% 0.96% 0.93% 0.00% 0.50% 1.00% 1.50% 2.00% $- $2, 000 $4, 000 $6, 000 $8, 000 $10, 000 $12, 000 $14, 000 $16, 000 $18, 000 $20, 000 $22, 000 $24, 000 $26, 000 $28, 000 $30, 000 $32, 000 $34, 000 $36, 000 $38, 000 $40, 000 $42, 000 $44, 000 $46, 000 $48, 000 $50, 000 $52, 000 3Q24 4Q24 1Q25 2Q25 3Q25 Allowance for Credit Losses (ACL) ACL / Loans HFI 11 Credit Quality Delinquent and Nonaccruals / Total Loans Nonperforming Assets Commercial Real Estate Concentration ASSET QUALITY: STRONG UNDERWRITING PAYS DIVIDENDS $ in Thousands, unless otherwise indicated Allowance Reconciliation

20% 21% 18% 19% 18% 19% 18% 18% 17% 18% 43% 44% 44% 44% 44% 18% 18% 19% 20% 19% $4,322 $4,686 $4,809 $4,872 $5,051 3Q24 4Q24 1Q25 2Q25 3Q25 Noninterest Demand Interest-Bearing Demand Money Market and Savings Time Deposits $2,805 $4,022 $4,077 $4,268 $4,686 $4,809 $4,872 $5,051 2.51% 2.37% 2.39% 2.44% 1. 50% 2. 00% 2. 50% 3. 00% 3. 50% 4. 00% $- $1, 000 $2, 000 $3, 000 $4, 000 $5, 000 2020Y 2021Y 2022Y 2023Y 2024Y 1Q25 2Q25 3Q25 $4,222 12 DEPOSIT PORTFOLIO: DEFENDING DEPOSIT MARKET SHARE Total Deposits Loans to Deposits Ratio of 84% $ in Millions, unless otherwise indicated Average Total Deposit Cost Deposit Composition Focused on Core Relationship Growth

$79 $183 $3 $72 $48 $123 $23 $89 $28 $- $50 $100 $150 $200 $250 $300 UST/Agency MBS Fixed ARM CMO Fixed CMO Float Agen CMBS Small Bus Municipal Corporate 3.59% 3.54% 3.42% 3.41% 3.44% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 3Q24 4Q24 1Q25 2Q25 3Q25 Sec. Yield (AFS/HTM) 13 SECURITIES DETAIL: Q3 REPOSITION TO ENHANCE YIELDS $ in Millions, unless otherwise indicated Portfolio Summary Weighted Average Portfolio Yield Portfolio Mix by Book Value Risk Adverse Portfolio Designed for Liquidity $648 Million Book Value 3.69% Book Yield ($26) Million Unrealized Loss • ($12) Million in Available-for-Sale Securities (AFS) • ($14) Million in Held-to-Maturity (HTM) 5.6 Year Average Life 3.9 Year Effective Duration 83% / 17% (AFS / HTM) 1 1) Based on the weighted average of the AFS & HTM securities portfolio. Yields related to investment securities exempt from income taxes are stated on a taxable-equivalent basis assuming a federal income tax rate of 21.0%

14 REPRICING SCHEDULE: YIELD ENHANCEMENT UNDERWAY $351 Million in Fixed Rate Loans Yielding 4.84% Maturing by 2026 Year End $171 Million in Adjustable-Rate Loans Yielding 5.24% Maturing or Repricing by 2026 Year End FYE 2028 & ($ in millions) 4Q25 1Q26 2Q26 3Q26 4Q26 2027 Beyond Loan Repricing Schedule: Fixed Rate Loans $ 70 $ 34 $ 69 $ 86 $ 91 $ 355 $ 1,240 Weighted Average Yield 4.59% 4.99% 5.15% 4.88% 4.73% 5.09% 5.65% Adjustable Rate Loans $ 23 $ 51 $ 34 $ 37 $ 26 $ 100 $ 410 Weighted Average Yield 5.95% 5.24% 5.74% 5.12% 4.18% 4.49% 6.34% Investment Cashflow Schedule: Principal Cashflow $ 19 $ 15 $ 13 $ 15 $ 14 $ 57 $ 515 Yield Roll-Off 3.81% 3.62% 3.61% 3.47% 4.35% 3.40% 3.22% Quarterly

106% 96% Peer Average SMBK 90% 84% Peer Average SMBK Total Amount Net Available Used Availability Current On-Balance Sheet: Cash & Cash Equiv. $557 $0 $557 Unpledged Securities 217 0 217 Available Sources of Liquidity: Fed Funds 96 0 96 FHLB 910 295 615 FRB 451 0 451 HC LoC 35 0 35 Total Liquidity $2,266 $295 $1,971 15 LIQUIDITY OVERVIEW: PRUDENTLY MANAGING LIQUIDITY 1) Peer average based on most recently reported period results for each peer; peers include major exchange traded banks in the Southeast with assets between $2.5 billion and $10.0 billion 2) Federal Reserve Board discount window borrowing capacity shown as of 9/30/25 3) Uninsured deposits are defined as non-collateralized, non-reciprocal deposits above the FDIC deposit insurance limit Source: S&P Global Loan + Securities / Deposit Ratio (Most Recent Quarter Period End) Loan / Deposit Ratio (Most Recent Quarter Period End) Other Liquidity Sources Access to a Variety of Funding Robust Liquidity on Hand $2.0 Billion in Untapped Liquidity Sources $774 Million in On-Balance Sheet Liquidity 1.6x Liquidity to Uninsured Deposit Ratio3 1 1 $ in Millions, unless otherwise indicated 2

$193 $388 $423 $365 $557 $629 $609 $625 $627 $634 12.8% 11.5% 11.6% 11.4% 11.0% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% $- $100 $200 $300 $400 $500 $600 $700 $800 $900 3Q24 4Q24 1Q25 2Q25 3Q25 Cash and Cash Equiv. Securities (AFS/HTM) Securities (AFS/HTM) / Total Assets $35,032 $37,783 $38,238 $40,343 $42,430 $9,139 $8,966 $8,597 $8,902 $8,397 $44,171 $46,749 $46,835 $49,245 $50,827 3.11% 3.24% 3.21% 3.29% 3.25% $18, 000 $23, 000 $28, 000 $33, 000 $38, 000 $43, 000 $48, 000 2.60% 2.80% 3.00% 3.20% 3.40% 3.60% 3.80% 4.00% 3Q24 4Q24 1Q25 2Q25 3Q25 Net Interest Income Operating Noninterest Income Net Interest Margin (FTE) 3Q24 4Q24 1Q25 2Q25 3Q25 Cash Yield 5.41% 4.67% 4.60% 4.60% 4.56% Sec. Yield (AFS & HTM)1 3.59% 3.54% 3.42% 3.41% 3.44% Loans (less Accr. & Fees) 5.95% 5.95% 5.88% 5.99% 6.05% Loan Accr. & Fees 0.07% 0.09% 0.08% 0.08% 0.09% Loan Yield (incl. Accr. & Fees) 6.02% 6.04% 5.97% 6.07% 6.14% IE Asset Yield 5.65% 5.64% 5.56% 5.65% 5.68% Net Interest Margin (FTE) 3.11% 3.24% 3.21% 3.29% 3.25% 16 LIQUIDITY MANAGEMENT: MARGIN INFLECTION UNDERWAY Cash and Securities Margin / Operating Revenue2 1) Based on the weighted average of the AFS/HTM securities portfolio. Yields related to investment securities exempt from income taxes are stated on a taxable-equivalent basis assuming a federal income tax rate of 21.0% 2) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix 2 $ in Millions, unless otherwise indicated $ in Thousands, unless otherwise indicated

$(2,597), -1.5% $(1,273), -0.7% $135 , 0.1% Interest Income % Change Shock -200bps Shock -100bps Shock +100bps $(1,849), -1.0% $(919), -0.5% $860 , 0.3% Interest Income % Change Ramp -200bps Ramp -100bps Ramp +100bps $1,946 46% $658 16% $1,626 38% Fixed Rate LT Variable ST Variable 17 INTEREST RATE SENSITIVITY Fixed vs. Variable Rate Loans Static Shock / Rate Ramp Analysis1 1) Based on 12-month static rate shock and ramp analysis as of 9/30/25. These estimates of changes in SmartFinancial’s net interest income require us to make certain assumptions including loan and mortgage-related investment prepayment speeds, reinvestment rate, deposit maturities and decay rates. These assumptions are inherently uncertain and, as a result, we cannot precisely predict the impact of changes in interest rates on net interest income. Although our analysis provides an indication of our interest rate risk exposure at a particular point in time, such estimates are not intended to, and do not, provide a precise forecast of the effect of changes in market interest rates and will differ from actual results $2.0 Billion Fixed Rate Loans $2.3 Billion Variable Rate Loans • $1.6 Billion Short-Term Variable Rate (Resetting within 1 - 3 Months) • $658 Million Long-Term Variable Rate (Resets > 3 Months) $ in Millions, unless otherwise indicated $ in Thousands, unless otherwise indicated

$9,139 $8,966 $8,597 $8,902 $8,397 3Q24 4Q24 1Q25 2Q25 3Q25 Other Noninterest Income Mortgage Banking Income Investment Services Income Interchange Fees Service Charges on Deposit Accounts Insurance Commissions 18 NONINTEREST REVENUE DETAILS: GROWING FEE INCOME Operating Noninterest Income1 Focused on Recurring Fee Income 1) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix Differentiated Revenue Streams Building a Family of Diversified Revenue Generators $ in Thousands, unless otherwise indicated $7,662 $7,134 $7,185 $7,348 $7,348 Operating Noninterest Income Excluding Insurance Commissions

69% 69% 68% 66% 64% 3Q24 4Q24 1Q25 2Q25 3Q25 Operating Efficiency Ratio $30,846 $32,291 $32,296 $32,569 $32,559 3Q24 4Q24 1Q25 2Q25 3Q25 Salaries & Benefits Occupancy & Equipment Data Processing & Technology Professional Services Amortization of Intangibles Other Noninterest Expense 19 1) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix OPERATING EXPENSE: FOCUS ON EXPENSE CONTAINMENT Operating Efficiency Ratio1 Operating Noninterest Expense1 1 $ in Thousands, unless otherwise indicated

8.0% 7.5% 7.6% 7.7% 7.8% 3Q24 4Q24 1Q25 2Q25 3Q25 10.1% 9.8% 9.8% 9.7% 9.9% 3Q24 4Q24 1Q25 2Q25 3Q25 8.4% 8.3% 8.2% 8.3% 8.2% 3Q24 4Q24 1Q25 2Q25 3Q25 11.6% 11.1% 11.2% 11.1% 13.3% 3Q24 4Q24 1Q25 2Q25 3Q25 $17.92 $19.26 $19.09 $20.76 $22.85 $26.00 $17.77 $19.17 $21.18 $22.29 $24.25 $26.63 $10. 00 $12. 00 $14. 00 $16. 00 $18. 00 $20. 00 $22. 00 $24. 00 $26. 00 $28. 00 2020Y 2021Y 2022Y 2023Y 2024Y 3Q25 TBV Per Share Adj. TBV Per Share (Excl. AOCI) CAPITAL: WELL CAPITALIZED – BUILDING BOOK VALUE 1) Non-GAAP financial measure - for a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix 20 Note: Capital ratio data as of the most recent period ended 9/30/25 TCE / TA1 CET1 Ratio Total Capital Ratio Leverage Ratio Basel III Regulatory Capital Minimum To Be Considered “Well Capitalized” Building Shareholder Value Tangible Book Value Per Share (TBVPS)1 $8.86 TBVPS1 Created 2020 – 2025 (Excluding Accumulated Other Comprehensive Income) $0.08 2025 Per Share Quarterly Dividend 5% Well Capitalized 10% Well Capitalized 6.5% Well Capitalized 1 1

WHY SMARTBANK: INVESTMENT HIGHLIGHTS 21 Franchise Scarcity Value – Building Southeast Density Engaged Management Team Stable Markets Experiencing Population Expansion Valuable Deposit Base Growing Business Lines with Revenue Diversification Solid Credit Quality and Underwriting History of Defending Book Value and Delivering Shareholder Value $

APPENDIX 22

2Q25 3Q24 ($ in thousands, except per share data) 3Q25 2Q25 3Q24 % Chg. % Chg. Net Interest Income $ 42,430 $ 40,343 $ 35,032 5% 21% Provision for Credit Losses 227 2,411 2,575 Noninterest Income 8,637 8,898 9,139 (3%) (5%) Noninterest Expense 33,869 32,569 30,846 4% 10% Income Tax Expense 3,285 2,556 1,610 Net Income (GAAP) $ 13,686 $ 11,705 $ 9,140 17% 50% Non-GAAP Reconciliations Noninterest Income (240) 4 - Noninterest Expense 1,310 - - Income Tax Effect Of Adjustments (276) (1) - Operating Earnings (Non-GAAP) $ 14,480 $ 11,708 $ 9,140 24% 58% Operating PPNR Earnings (Non-GAAP) $ 18,268 $ 16,676 $ 13,325 10% 37% 2Q25 3Q24 Non-GAAP Performance Metrics 3Q25 2Q25 3Q24 % Chg. % Chg. Diluted Operating Earnings Per Share $ 0.86 $ 0.69 $ 0.54 23% 58% Tangible Book Value Per Common Share $ 26.00 $ 24.42 $ 22.67 6% 15% Operating Return on Average Assets 1.02% 0.88% 0.74% Operating PPNR Return on Average Assets 1.29% 1.25% 1.08% Operating Return on Average Tang. Common Equity 13.5% 11.5% 9.7% Operating Efficiency Ratio 63.6% 65.7% 69.3% 3Q25 vs. 3Q25 vs. 23 Note: For a reconciliation of Non-GAAP financial measures to their most directly comparable GAAP measures, see the Appendix; percentage change may differ due to rounding INCOME STATEMENT: DETAILED THIRD QUARTER RESULTS

NON-GAAP RECONCILIATION 24 1. Operating return on average assets (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average assets. 2. Operating PPNR return on average assets (Non-GAAP) is the annualized operating PPNR earnings (Non-GAAP) divided by average assets. 3. Return on average tangible common equity (Non-GAAP) is the annualized net income divided by average tangible common equity (Non-GAAP). 4. Operating return on average shareholders’ equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average shareholder equity. 5. Operating return on average tangible common equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average tangible common equity (Non-GAAP). Note: Totals may not add due to rounding $ in Thousands, unless otherwise indicated 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 4Q23 Operating Earnings Net Income (GAAP) $ 13,686 $ 11,705 $ 11,254 $ 9,640 $ 9,140 $ 8,003 $ 9,358 $ 6,190 Noninterest Income: Securities (Gains) Losses 3,715 4 - (64) - - - - Gain on Sale of Branch Building - - - - - (283) (1,346) - Gain on Sale of SBKI (3,955) - - - - - - - Noninterest Expenses: Donation of a Former Branch Location - - - - - - - 250 Accruals For Pending Litigation - - - - - - - 675 Merger Related And Restructuring Expenses 1,310 - - - - - - - Income Taxes: Income Tax Effect Of Adjustments (276) (1) - 17 - 73 348 (239) Operating Earnings (Non-GAAP) $ 14,480 $ 11,708 $ 11,254 $ 9,593 $ 9,140 $ 7,793 $ 8,360 $ 6,876 Operating Earnings Per Common Share (Non-GAAP): Basic $ 0.86 $ 0.70 $ 0.67 $ 0.57 $ 0.55 $ 0.47 $ 0.50 $ 0.41 Diluted 0.86 0.69 0.67 0.57 0.54 0.46 0.49 0.41 Operating Noninterest Income Noninterest Income (GAAP) $ 8,637 $ 8,898 $ 8,597 $ 9,030 $ 9,139 $ 7,604 $ 8,380 $ 7,579 Securities (Gains) Losses 3,715 4 - (64) - - - - Gain on Sale of Branch Building - - - - - (283) (1,346) - Gain on Sale of SBKI (3,955) - - - - - - - Operating Noninterest Income (Non-GAAP) $ 8,397 $ 8,902 $ 8,597 $ 8,966 $ 9,139 $ 7,321 $ 7,034 $ 7,579 Operating Noninterest Expense Noninterest Expense (GAAP) $ 33,869 $ 32,569 $ 32,296 $ 32,291 $ 30,846 $ 29,201 $ 28,553 $ 29,695 Donation of a Former Branch Location - - - - - - - (250) Accruals For Pending Litigation - - - - - - - (675) Merger Related And Restructuring Expenses (1,310) - - - - - - - Operating Noninterest Expense (Non-GAAP) $ 32,559 $ 32,569 $ 32,296 $ 32,291 $ 30,846 $ 29,201 $ 28,553 $ 28,770 Operating Revenue Net Interest Income (GAAP) $ 42,430 $ 40,343 $ 38,238 $ 37,783 $ 35,032 $ 32,814 $ 31,721 $ 31,517 Operating Noninterest Income (Non-GAAP) 8,397 8,902 8,597 8,966 9,139 7,321 7,034 7,579 Operating Revenue (Non-GAAP) 50,827 49,245 46,835 46,749 44,171 40,135 38,755 39,096 Operating Pre-Provision Net Revenue ("PPNR") Earnings Operating Revenue (Non-GAAP) $ 50,827 $ 49,245 $ 46,835 $ 46,749 $ 44,171 $ 40,135 $ 38,755 $ 39,096 Operating Noninterest Expense (Non-GAAP) (32,559) (32,569) (32,296) (32,291) (30,846) (29,201) (28,553) (28,770) Operating PPNR Earnings (Non-GAAP) $ 18,268 $ 16,676 $ 14,539 $ 14,458 $ 13,325 $ 10,934 $ 10,202 $ 10,326 Non-GAAP Return Ratios Operating Return On Average Assets (Non-GAAP)(1) 1.02% 0.88% 0.87% 0.75% 0.74% 0.64% 0.69% 0.57% Operating PPNR Return On Average Assets (Non-GAAP)(2) 1.29% 1.25% 1.12% 1.13% 1.08% 0.90% 0.84% 0.86% Return On Average Tangible Common Equity (Non-GAAP)(3) 12.79% 11.53% 11.60% 9.99% 9.75% 8.94% 10.62% 7.18% Operating Return On Average Shareholders' Equity (Non-GAAP)(4) 10.92% 9.19% 9.17% 7.80% 7.60% 6.72% 7.29% 6.07% Operating Return On Average Tangible Common Equity (Non-GAAP)(5) 13.53% 11.53% 11.60% 9.94% 9.75% 8.70% 9.49% 7.98% Operating Efficiency Ratio Efficiency Ratio (GAAP) 66.32% 66.14% 68.96% 68.98% 69.83% 72.25% 71.20% 75.95% Adjustment For Taxable Equivalent Yields (0.47%) (0.47%) (0.50%) (0.49%) (0.55%) (0.63%) (0.17%) (0.18%) Adjustment For Securities (Gains) Losses (4.50%) (0.01%) - 0.09% - - - - Adjustment For Sale of Branch Building - - - - - 0.51% 2.46% - Adjustment For Sale of SBKI / Donation of a Former Branch Location 5.57% - - - - - - (0.64%) Adjustment For Accruals For Pending Litigation - - - - - - - (1.72%) Adjustment For Merger Expenses (3.31%) - - - - - - - Operating Efficiency Ratio (Non-GAAP) 63.61% 65.66% 68.46% 68.58% 69.28% 72.13% 73.50% 73.41%

NON-GAAP RECONCILIATION 25 1. Operating return on average assets (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average assets. 2. Operating PPNR return on average assets (Non-GAAP) is the annualized operating PPNR earnings (Non-GAAP) divided by average assets. 3. Return on average tangible common equity (Non-GAAP) is the annualized net income divided by average tangible common equity (Non-GAAP). 4. Operating return on average shareholders’ equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average shareholder equity. 5. Operating return on average tangible common equity (Non-GAAP) is the annualized operating earnings (Non-GAAP) divided by average tangible common equity (Non-GAAP). Note: Totals may not add due to rounding $ in Thousands, unless otherwise indicated 3Q23 2Q23 1Q23 4Q22 3Q22 2Q22 1Q22 4Q21 Operating Earnings Net Income (GAAP) $ 2,067 $ 8,836 $ 11,500 $ 13,004 $ 11,543 $ 10,215 $ 8,259 $ 6,655 Noninterest Income: Securities (Gains) Losses 6,801 - - (144) - - - - Gain on Sale of Branch Building - - - - - - - - Gain on Sale of SBKI - - - - - - - - Noninterest Expenses: Donation of a Former Branch Location - - - - - - - - Accruals For Pending Litigation - - - - - - - - Merger Related And Restructuring Expenses 110 - - (45) 87 81 439 2,762 Income Taxes: Income Tax Effect Of Adjustments (1,785) - - 49 (22) (21) (113) (713) Operating Earnings (Non-GAAP) $ 7,193 $ 8,836 $ 11,500 $ 12,864 $ 11,608 $ 10,275 $ 8,585 $ 8,704 Operating Earnings Per Common Share (Non-GAAP): Basic $ 0.43 $ 0.53 $ 0.69 $ 0.77 $ 0.69 $ 0.61 $ 0.51 $ 0.52 Diluted 0.43 0.52 0.68 0.76 0.69 0.61 0.51 0.52 Operating Noninterest Income Noninterest Income (GAAP) $ 691 $ 7,130 $ 6,925 $ 7,125 $ 6,250 $ 7,229 $ 7,111 $ 6,806 Securities (Gains) Losses 6,801 - - (144) - - - - Gain on Sale of Branch Building - - - - - - - - Gain on Sale of SBKI - - - - - - - - Operating Noninterest Income (Non-GAAP) $ 7,492 $ 7,130 $ 6,925 $ 6,981 $ 6,250 $ 7,229 $ 7,111 $ 6,806 Operating Noninterest Expense Noninterest Expense (GAAP) $ 28,516 $ 27,410 $ 27,529 $ 27,416 $ 27,230 $ 25,926 $ 25,718 $ 27,823 Donation of a Former Branch Location - - - - - - - - Accruals For Pending Litigation - - - - - - - - Merger Related And Restructuring Expenses (110) - - 45 (87) (81) (439) (2,762) Operating Noninterest Expense (Non-GAAP) $ 28,406 $ 27,410 $ 27,529 $ 27,461 $ 27,143 $ 25,845 $ 25,279 $ 25,061 Operating Revenue Net Interest Income (GAAP) $ 31,006 $ 31,575 $ 35,982 $ 37,612 $ 36,708 $ 33,062 $ 30,118 $ 29,855 Operating Noninterest Income (Non-GAAP) 7,492 7,130 6,925 6,981 6,250 7,229 7,111 6,806 Operating Revenue (Non-GAAP) 38,498 38,705 42,907 44,593 42,958 40,291 37,229 36,661 Operating Pre-Provision Net Revenue ("PPNR") Earnings Operating Revenue (Non-GAAP) $ 38,498 $ 38,705 $ 42,907 $ 44,593 $ 42,958 $ 40,291 $ 37,229 $ 36,661 Operating Noninterest Expense (Non-GAAP) (28,406) (27,410) (27,529) (27,461) (27,143) (25,845) (25,279) (25,061) Operating PPNR Earnings (Non-GAAP) $ 10,092 $ 11,295 $ 15,378 $ 17,132 $ 15,815 $ 14,446 $ 11,950 $ 11,600 Non-GAAP Return Ratios Operating Return On Average Assets (Non-GAAP)(1) 0.60% 0.75% 0.97% 1.10% 0.96% 0.88% 0.76% 0.77% Operating PPNR Return On Average Assets (Non-GAAP)(2) 0.84% 0.96% 1.30% 1.46% 1.30% 1.23% 1.05% 1.03% Return On Average Tangible Common Equity (Non-GAAP)(3) 2.43% 10.57% 14.45% 16.65% 14.36% 13.02% 10.39% 8.18% Operating Return On Average Shareholders' Equity (Non-GAAP)(4) 6.41% 7.98% 10.79% 12.15% 10.83% 9.82% 8.14% 8.09% Operating Return On Average Tangible Common Equity (Non-GAAP)(5) 8.46% 10.57% 14.45% 16.47% 14.44% 13.09% 10.80% 10.70% Operating Efficiency Ratio Efficiency Ratio (GAAP) 89.96% 70.82% 64.16% 61.28% 63.39% 64.35% 69.08% 75.89% Adjustment For Taxable Equivalent Yields (0.27%) (0.18%) (0.14%) (0.22%) (0.25%) (0.27%) (0.31%) (0.32%) Adjustment For Securities (Gains) Losses (15.89%) - - 0.20% - - - - Adjustment For Sale of Branch Building - - - - - - - - Adjustment For Sale of SBKI / Donation of a Former Branch Location - - - - - - - - Adjustment For Accruals For Pending Litigation - - - - - - - - Adjustment For Merger Expenses (0.20%) - - 0.10% (0.21%) (0.20%) (1.17%) (7.50%) Operating Efficiency Ratio (Non-GAAP) 73.60% 70.64% 64.02% 61.36% 62.93% 63.88% 67.60% 68.07%

NON-GAAP RECONCILIATION 1. Tangible book value per share (Non-GAAP) is computed by dividing total stockholder’s equity, less goodwill and other intangible assets, by common shares outstanding. 28 Note: Totals may not add due to rounding $ in Thousands, unless otherwise indicated 3Q23 2Q23 1Q23 4Q22 3Q22 2Q22 1Q22 4Q21 Tangible Common Equity (Excluding AOCI): Shareholders' Equity (GAAP) $ 446,652 $ 444,847 $ 443,399 $ 432,452 $ 414,711 $ 420,427 $ 420,042 $ 429,430 Less Goodwill And Other Intangible Assets 107,792 108,439 109,114 109,772 110,460 104,582 105,215 105,852 Tangible Common Equity (Non-GAAP) $ 338,860 $ 336,408 $ 334,285 $ 322,680 $ 304,251 $ 315,845 $ 314,827 $ 323,578 Less Adjustment Due to AOCI (Loss) (34,156) (35,017) (28,620) (35,324) (40,807) (24,648) (15,556) 1,443 Tangible Common Equity (Excl. AOCI) (Non-GAAP) $ 373,016 $ 371,425 $ 362,905 $ 358,004 $ 345,058 $ 340,493 $ 330,383 $ 322,135 Tangible Book Value Per Common Share (Excluding AOCI): Book Value Per Common Share (GAAP) $ 26.28 $ 26.16 $ 26.08 $ 25.59 $ 24.56 $ 24.88 $ 24.86 $ 25.56 Adjustment Due To Goodwill And Other Intangible Assets (6.34) (6.38) (6.42) (6.50) (6.54) (6.19) (6.23) (6.30) Tangible Book Value Per Common Share (Non-GAAP)(1) $ 19.94 $ 19.78 $ 19.66 $ 19.09 $ 18.02 $ 18.69 $ 18.64 $ 19.26 Less Adjustment Due to AOCI (Loss) (2.01) (2.06) (1.68) (2.09) (2.42) (1.46) (0.92) 0.09 Tangible Book Value Per Common Share (Excl. AOCI) (Non-GAAP) $ 21.95 $ 21.84 $ 21.34 $ 21.18 $ 20.43 $ 20.15 $ 19.56 $ 19.17 3Q25 2Q25 1Q25 4Q24 3Q24 2Q24 1Q24 4Q23 Tangible Common Equity (Excluding AOCI): Shareholders' Equity (GAAP) $ 538,482 $ 519,127 $ 505,941 $ 491,461 $ 489,023 $ 472,465 $ 466,796 $ 459,886 Less Goodwill And Other Intangible Assets 95,807 103,588 104,154 104,723 105,324 105,929 106,537 107,148 Tangible Common Equity (Non-GAAP) $ 442,675 $ 415,539 $ 401,787 $ 386,738 $ 383,699 $ 366,536 $ 360,259 $ 352,738 Less Adjustment Due to AOCI (Loss) (10,781) (17,274) (19,647) (23,671) (17,349) (25,798) (27,425) (25,907) Tangible Common Equity (Excl. AOCI) (Non-GAAP) $ 453,456 $ 432,813 $ 421,434 $ 410,409 $ 401,048 $ 392,334 $ 387,684 $ 378,645 Tangible Book Value Per Common Share (Excluding AOCI): Book Value Per Common Share (GAAP) $ 31.62 $ 30.51 $ 29.73 $ 29.04 $ 28.89 $ 27.91 $ 27.37 $ 27.07 Adjustment Due To Goodwill And Other Intangible Assets (5.63) (6.09) (6.12) (6.19) (6.22) (6.25) (6.25) (6.31) Tangible Book Value Per Common Share (Non-GAAP)(1) $ 26.00 $ 24.42 $ 23.61 $ 22.85 $ 22.67 $ 21.66 $ 21.12 $ 20.76 Less Adjustment Due to AOCI (Loss) (0.63) (1.02) (1.15) (1.40) (1.02) (1.52) (1.61) (1.52) Tangible Book Value Per Common Share (Excl. AOCI) (Non-GAAP) $ 26.63 $ 25.43 $ 24.76 $ 24.25 $ 23.69 $ 23.18 $ 22.73 $ 22.29

CONTACT 30 Billy Carroll President & CEO 865.868.0613 Billy.Carroll@smartbank.com Miller Welborn Chairman 423.385.3067 Miller.Welborn@smartbank.com 5401 Kingston Pike, Suite 600 Knoxville, TN 37919 Ron Gorczynski Chief Financial Officer 865.437.5724 Ron.Gorczynski@smartbank.com