SmartFinancial, Inc. (NASDAQ:SMBK) Q2 2023 Earnings Conference Call July 25, 2023 10:00 AM ET

Company Participants

Nate Strall - Director, Corporate Strategy

Miller Welborn - Chairman

Billy Carroll - President & Chief Executive Officer

Rhett Jordan - Chief Credit Officer

Ron Gorczynski - Chief Financial Officer

Conference Call Participants

Brett Rabatin - Hovde Group

Catherine Mealor - KBW

Kevin Fitzsimmons - D.A. Davidson

Graham Dick - Piper Sander

Feddie Strickland - Janney Montgomery Scott

Steve Moss - Raymond James

Jordan Ghent - Stephens

Operator

Hello, everybody. And welcome to today’s conference call titled SmartFinancial Second Quarter 2023 Earnings Release and Conference Call. My name is Ellen, and I will be coordinating the call for today. [Operator Instructions]

I will now hand over to our host Nate Strall, Director of Corporate Strategy to begin. Nate, please proceed, whenever you are ready.

Nate Strall

Thanks, Ellen. Good morning, everyone and thank you for joining us for SmartFinancial’s second quarter 2023 earnings conference call. During today’s call, we will reference the slides and press release that are available within the Investor Relations section on our website, smartbank.com.

Chairman, Miller Welborn will begin the call followed by Billy Carroll, our President and Chief Executive Officer; Ron Gorczynski, our Chief Financial Officer; and Rhett Jordan, our Chief Credit Officer will also provide commentary. We will be available to answer your questions at the end of our call.

Our comments include forward-looking statements. These statements are subject to risks and uncertainties and the actual results could vary materially. We list the factors that may cause results to differ materially in our press release and in our SEC filings, which are available on our website. We do not assume any obligation to update any forward-looking statements because of new information, early developments or otherwise, except as may be required by law.

During the call, we will reference non-GAAP financial measures related to the company’s performance. You may see the reconciliation of these measures in the appendices of the earnings release and investor presentation filed on July 24, 2023, with the SEC.

And now, I will turn it over to Chairman, Miller Welborn to open our call.

Miller Welborn

Thanks, Nate, and good morning to everyone, and thanks for joining us today. The second quarter of this year was a challenging quarter for the entire banking industry. There's been a tremendous amount of turmoil and quite frankly, a ton of bad press about the stability of our banking industries. I'm very proud of how our team has remained steadfast to our mission and our objectives for the company. We have made a strong effort to be in our communities and share our thoughts and updates about not only SmartBank but also the Southeastern region and the industry as a whole.