SmartFinancial Inc. (SMBK)

[norweger1979]

Unfortunately the Preferred's are killing us common holders


Net income of $ 412,151 is just about break even for the common
after Preferred stock dividend requirements

$ 375,000

Accretion on preferred stock discount

17,846

Net income available to common shareholders

$ 19,305

I am more cautious about the rising non acruals qtr/qtr. Still healthy discount to BV of around $3.80's ... so I stick around for couple more qtrs. It's no BNCC :)

good luck