SmartFinancial, Inc. (NASDAQ:SMBK) is expected to report second quarter earnings results, after market close, on Tuesday 21st July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.25 per share.
Looking ahead, the full year income are expected at $ 1.17 per share on the revenues of $ 111.50 million.
Previous Quarter Performance
SmartFinancial, Inc. announced income for the first quarter of $ 0.30 per share, from the revenue of $ 25.39 million. The quarterly earnings contracted 11.76 percent while revenues hiked 12.05 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.31 per share from $ 23.42 million in revenue. The bottom line results missed street analysts by $ 0.01 or 3.23 percent, at the same time, top line results outshined analysts by $ 1.97 million or 8.41 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of SMBK was $ 14.11, representing a 27.69 % increase from the 52 week low of $ 11.05 and a 41.18 % decrease over the 52 week high of $ 23.99.
The company has a market capital of $ 214.71 million and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On April 24, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on May 8, 2020, with payment date of May 25, 2020 and ex-dividend date on May 7, 2020.
SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, Florida, and Georgia. The company offers various deposit products, including interest bearing and non-interest bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.
