How did SMBK's Q4 earnings surprise impact its annual performance?

**SmartFinancial Inc.'s (SMBK) Q4 earnings surprise had a positive impact on its annual performance**, as evidenced by the following key points:

1. **Q4 Earnings Performance**:
- SMBK reported a net income of $9.6 million for Q4 2024, which translates to $0.57 per diluted common share.
- This is a notable increase from the $6.2 million net income reported in Q4 2023, indicating a strong quarterly performance.
2. **Annual Performance Impact**:
- The positive Q4 performance directly contributes to SMBK's annual financials, bolstering its full-year results.
- With a robust Q4, SMBK's annual net income for 2024 is likely to be higher than previous years, potentially exceeding $36 million based on the quarterly performance.
3. **Revenue and Margin Growth**:
- The company achieved a 13% year-over-year loan and lease growth, which is a significant driver of income.
- The net interest margin expanded by 38 basis points to 3.24% in Q4 2024, compared to the previous quarter, enhancing profitability.
4. **Stock Market Reaction and Analyst Optimism**:
- Following the Q4 earnings release, SMBK's stock rose by 1.55% in premarket trading, reflecting investor confidence and optimism about the company's future prospects.
- Analysts have increased their earnings estimates for SMBK, with a projected EPS of $2.08 for the full year 2024, indicating a positive outlook.
5. **Strategic Investments and Operational Improvements**:
- SMBK's strategic investments in technology and talent have enhanced operational efficiency, supporting its competitive position in the financial sector.
- The company's focus on core banking operations and diversified loan portfolios continues to be a key factor in its growth and profitability.

In conclusion, SMBK's Q4 earnings surprise not only strengthened its quarterly performance but also significantly contributed to a better annual performance in 2024. The company's strategic initiatives, coupled with strong operational results, position it well for continued growth and profitability in the upcoming year.