SmartFinancial Inc (NYSE:SMBK)
$ 36.36 -0.11 (-0.3%) Market Cap: 615.45 Mil Enterprise Value: 471.19 Mil PE Ratio: 18.74 PB Ratio: 1.26 GF Score: 75/100
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SmartFinancial Inc Announces Acquisition of Progressive Financial Group Inc Conference Call Transcript

Oct 30, 2019 / 02:00PM GMT
Release Date Price: $21.16 (+0.86%)
Operator

Good morning, and welcome to the SmartFinancial announces acquisition of Progressive Financial Group, Inc. conference call. (Operator Instructions) Please note that the event is being recorded. I would now like to turn the conference over to Miller Welborn, Chairman. Please go ahead.

Wesley Miller Welborn
SmartFinancial, Inc. - Chairman of the Board

Thank you, Nick, and thanks, folks, for joining us this morning. Appreciate your patience and perseverance as we're having a little confusion on the conference code number. So thank you all for persevering and dialing in. Appreciate you also for joining us this morning to talk about our Progressive bank deal. Joining me this morning, we've got Billy Carroll, our CEO and President; and Ron Gorczynski, our CFO.

A little bit about the deal, a great deal -- great add-on deal for SmartBank. We telegraphed to the market a couple of our deal criteria and been pretty disciplined on that. We've been blessed with a 3-year earn back. Gosh, this is a great deposit franchise, definitely improves our density in the

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