Smartfinancial Cm ST (SMBK) 16.53 $SMBK
SmartFinancial Reports Second Quarter Results
PR Newswire - Fri Jul 29, 10:28AM CDT
SmartFinancial, Inc. ("SmartFinancial"; NASDAQ: SMBK), announced today net income of $1.2 million in its second quarter, compared to $0.1 million a year ago. In the third quarter 2015, SmartFinancial successfully completed the merger of two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., and carried forward the name "SmartFinancial, Inc." In the first quarter of 2016 SmartFinancial completed the merger of Cornerstone Community Bank into SmartBank. This quarter completes the third full quarter's results from the combined company and the first full quarter's results of the merged bank.
SMBK: 16.53 (+0.05)
SmartFinancial Reports First Quarter Results
PR Newswire - Wed Apr 27, 7:00AM CDT
SmartFinancial, Inc. ("SmartFinancial"; NASDAQ: SMBK), announced today net income of $1.3 million in its first quarter, compared to $1.2 million in the prior quarter. In the third quarter 2015, SmartFinancial successfully completed the merger of two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., and carried forward the name "SmartFinancial, Inc." This quarter completes a second full quarter's results from the combined company; in addition, SmartBank and Cornerstone Community Bank completed their merger at the end of February.
SMBK: 16.53 (+0.05)
SmartFinancial, Inc. Reports Fourth Quarter Results
PR Newswire - Mon Feb 01, 10:09AM CST
SmartFinancial, Inc. ("SmartFinancial"; NASDAQ: SMBK), announced today earnings of $1.2 million or $0.20 per share for its fourth quarter. This quarter is the first with a full three months' results from each subsidiary bank, as in the third quarter 2015, SmartFinancial successfully completed the merger of two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., and carried forward the name "SmartFinancial, Inc.".
SMBK: 16.53 (+0.05)
SmartFinancial joins NASDAQ
M2 - Tue Dec 29, 5:35AM CST
SmartFinancial, Inc. said it has begun trading on the NASDAQ Capital Market under the ticker symbol SMBK. On September 1, 2015, SmartFinancial, Inc. announced the completion of its merger with Cornerstone Bancshares, Inc., parent company of Cornerstone Community Bank. The company plans to merge SmartBank and Cornerstone Community Bank in the first quarter of 2016. As of September 30, 2015, SmartFinancial had USD1.0 billion in total assets, and the two subsidiary banks had 12 full-service branch locations. SmartFinancial, Inc., based in Knoxville, Tennessee, is the bank holding company for SmartBank and Cornerstone Community Bank. SmartBank is a full-service commercial bank founded in 2007. Cornerstone Community Bank is a full-service commercial bank founded in 1996.
SMBK: 16.53 (+0.05)
SmartFinancial, Inc. Joins Nasdaq Capital Market
PR Newswire - Mon Dec 21, 11:23AM CST
SmartFinancial, Inc. ("SmartFinancial"
; (Nasdaq: SMBK), which primarily operates through its subsidiaries SmartBank and Cornerstone Community Bank, announces it began trading on the Nasdaq Capital Market on Monday, December 21, 2015 under the ticker symbol SMBK.
SMBK: 16.53 (+0.05)
SmartFinancial, Inc. Reports for Third Quarter
PR Newswire - Thu Nov 05, 1:00PM CST
SmartFinancial, Inc. ("SmartFinancial"; (OTCBB: SMBK), announced today results for its third quarter. The quarter was highlighted by the successful completion of the merging of the two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., which was renamed "SmartFinancial, Inc." following the merger. In conjunction with the transaction, merger related expenses for the quarter were $747,511 and $1.0 million for the year. These non-recurring expenses led to a $76,909 net loss for the quarter and year to date net income available to common shareholders of $237,585. Also noted are one-time expenses for the quarter of approximately $446,000 in write down on foreclosed assets to accelerate the liquidation timeframe to reduce non-performing assets. Merger related expenses and the write down on OREO were anticipated and in line with company expectations. Minimal expense in these areas are expected moving forward.
SMBK: 16.53 (+0.05)
SmartFinancial Reports Second Quarter Results
PR Newswire - Fri Jul 29, 10:28AM CDT
SmartFinancial, Inc. ("SmartFinancial"; NASDAQ: SMBK), announced today net income of $1.2 million in its second quarter, compared to $0.1 million a year ago. In the third quarter 2015, SmartFinancial successfully completed the merger of two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., and carried forward the name "SmartFinancial, Inc." In the first quarter of 2016 SmartFinancial completed the merger of Cornerstone Community Bank into SmartBank. This quarter completes the third full quarter's results from the combined company and the first full quarter's results of the merged bank.
SMBK: 16.53 (+0.05)
SmartFinancial Reports First Quarter Results
PR Newswire - Wed Apr 27, 7:00AM CDT
SmartFinancial, Inc. ("SmartFinancial"; NASDAQ: SMBK), announced today net income of $1.3 million in its first quarter, compared to $1.2 million in the prior quarter. In the third quarter 2015, SmartFinancial successfully completed the merger of two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., and carried forward the name "SmartFinancial, Inc." This quarter completes a second full quarter's results from the combined company; in addition, SmartBank and Cornerstone Community Bank completed their merger at the end of February.
SMBK: 16.53 (+0.05)
SmartFinancial, Inc. Reports Fourth Quarter Results
PR Newswire - Mon Feb 01, 10:09AM CST
SmartFinancial, Inc. ("SmartFinancial"; NASDAQ: SMBK), announced today earnings of $1.2 million or $0.20 per share for its fourth quarter. This quarter is the first with a full three months' results from each subsidiary bank, as in the third quarter 2015, SmartFinancial successfully completed the merger of two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., and carried forward the name "SmartFinancial, Inc.".
SMBK: 16.53 (+0.05)
SmartFinancial joins NASDAQ
M2 - Tue Dec 29, 5:35AM CST
SmartFinancial, Inc. said it has begun trading on the NASDAQ Capital Market under the ticker symbol SMBK. On September 1, 2015, SmartFinancial, Inc. announced the completion of its merger with Cornerstone Bancshares, Inc., parent company of Cornerstone Community Bank. The company plans to merge SmartBank and Cornerstone Community Bank in the first quarter of 2016. As of September 30, 2015, SmartFinancial had USD1.0 billion in total assets, and the two subsidiary banks had 12 full-service branch locations. SmartFinancial, Inc., based in Knoxville, Tennessee, is the bank holding company for SmartBank and Cornerstone Community Bank. SmartBank is a full-service commercial bank founded in 2007. Cornerstone Community Bank is a full-service commercial bank founded in 1996.
SMBK: 16.53 (+0.05)
SmartFinancial, Inc. Joins Nasdaq Capital Market
PR Newswire - Mon Dec 21, 11:23AM CST
SmartFinancial, Inc. ("SmartFinancial"
; (Nasdaq: SMBK), which primarily operates through its subsidiaries SmartBank and Cornerstone Community Bank, announces it began trading on the Nasdaq Capital Market on Monday, December 21, 2015 under the ticker symbol SMBK. SMBK: 16.53 (+0.05)
SmartFinancial, Inc. Reports for Third Quarter
PR Newswire - Thu Nov 05, 1:00PM CST
SmartFinancial, Inc. ("SmartFinancial"
; (OTCBB: SMBK), announced today results for its third quarter. The quarter was highlighted by the successful completion of the merging of the two holding companies, legacy SmartFinancial, Inc. and Cornerstone Bancshares, Inc., which was renamed "SmartFinancial, Inc." following the merger. In conjunction with the transaction, merger related expenses for the quarter were $747,511 and $1.0 million for the year. These non-recurring expenses led to a $76,909 net loss for the quarter and year to date net income available to common shareholders of $237,585. Also noted are one-time expenses for the quarter of approximately $446,000 in write down on foreclosed assets to accelerate the liquidation timeframe to reduce non-performing assets. Merger related expenses and the write down on OREO were anticipated and in line with company expectations. Minimal expense in these areas are expected moving forward. SMBK: 16.53 (+0.05)
