SmartFinancial Q3 net income $18.6M, EPS $1.10

SmartFinancial reported Q3 net income of $18.6 million ($1.10 per share), up from $13.7 million a year ago. Organic loan growth of $174 million and core deposit growth of $163 million. Net interest margin fell to 3.45% from 3.52% in Q2. Credit quality remains stable with nonperforming loans at 0.28%.