SmartFinancial published its annual report on Form 10-K for FY 2025. Net income rose 39.3% to USD 50.35 million, and diluted EPS increased 39.3% to USD 2.98. Net interest income increased 20.9% to USD 166.1 million, and tax equivalent net interest margin rose to 3.29% from 3.04%. Total assets climbed 11.1% to USD 5.86 billion, while loans and leases increased 11.7% to USD 4.36 billion and total deposits rose 10% to USD 5.15 billion. The company said it sold its SBK Insurance business in Q3, generating a USD 3.96 million pre-tax gain, and issued USD 100 million of subordinated debt while retiring USD 40 million of existing subordinated debt later in the year.
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