SMARTFINANCIAL Business Summary

SmartFinancial Inc. (SMBK) operates as the bank holding company for SmartBank, employing a relationship-focused business model that generates revenue primarily through net interest income from a diverse loan portfolio and non-interest income via mortgage banking, wealth management, and insurance services. The company’s operations are organized into three primary segments: Commercial and Consumer Banking, Mortgage Banking, and Investment & Insurance Services, with a strategic geographic focus on high-growth markets across Tennessee, Alabama, and Florida. SmartFinancial competes directly with regional peers such as FB Financial Corporation (FBK), Pinnacle Financial Partners (PNFP), and Renasant Corporation (RNST). Within this landscape, SMBK positions itself as a premier Southeast regional consolidator, leveraging a disciplined acquisition strategy and a localized service model to capture market share from larger, less agile national institutions. The company is led by its founding architects, Billy Carroll, who serves as President and Chief Executive Officer, and Miller Welborn, the Executive Chairman; both leaders were instrumental in the 2007 inception of SmartBank and the subsequent 2015 merger with SmartFinancial. The executive suite is further supported by Chief Financial Officer Ron Gorczynski and Chief Credit Officer Rhett Jordan, both of whom bring decades of experience in regional banking integration and risk management. The board of directors includes prominent figures such as Vic McLean and William Y. Carroll, Sr., providing deep ties to the Southeastern business community. SmartFinancial maintains a strong institutional investor base, with significant holdings from BlackRock, Vanguard, and Dimensional Fund Advisors, signaling market confidence in its long-term growth trajectory and operational stability.