SmartFinancial 8K Announces Results for the Fourth Quarter 2022 | SMBK 23 Jan 23

Exhibit 99.2

1 INVESTOR CALL 4Q 2022 January 24, 2023, 10:00am ET Webcast: www.smartbank.com (Investor Relations) Audio Only: 1 - 844 - 200 - 6205 Access Code: 179408 Miller Welborn Chairman of the Board Billy Carroll President & CEO Ron Gorczynski CFO

D ISCLOSURES 2 Forward - Looking Statements This presentation may contain statements that are based on management’s current estimates or expectations of future events or future results, and that may be deemed to constitute forward - looking statements as defined under the Private Securities Litigation Reform Act of 1995 .. These statements, including statements regarding the effects of the COVID - 19 pandemic on SmartFinancial Inc .. ’s (“SmartFinancial”) business and financial results and conditions, are not historical in nature and can generally be identified by such words as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “may,” “estimate,” and similar expressions .. All forward - looking statements are subject to risks, uncertainties, and other factors that may cause the actual results of SmartFinancial to differ materially from future results expressed or implied by such forward - looking statements .. Such risks, uncertainties, and other factors include, among others, ( 1 ) the risk of litigation and reputational risk associated with historic acquisition activity ; ( 2 ) the risk that cost savings and revenue synergies from recently completed acquisitions may not be realized or may take longer than anticipated to realize ; ( 3 ) disruption from recently completed acquisitions with customer, supplier, employee, or other business relationships ; ( 4 ) our ability to successfully integrate the businesses acquired as part of previous acquisitions with the business of SmartBank ; ( 5 ) changes in management’s plans for the future ; ( 6 ) prevailing, or changes in, economic or political conditions, particularly in our market areas, including the effects of declines in the real estate market, high unemployment rates, inflationary pressures, elevated interest rates and slowdowns in economic growth, as well as the financial stress on borrowers as a result of the foregoing ; ( 7 ) a deterioration of the credit rating for U .. S .. long - term sovereign debt, actions that the U .. S .. government may take to avoid exceeding the debt ceiling, or uncertainties surrounding the debt ceiling and the federal budget ; ( 8 ) credit risk associated with our lending activities ; ( 9 ) changes in loan demand, real estate values, or competition ; ( 10 ) developments in our mortgage banking business, including loan modifications, general demand, and the effects of judicial or regulatory requirements or guidance ; ( 11 ) changes in accounting principles, policies, or guidelines ; ( 12 ) changes in applicable laws, rules, or regulations ; ( 13 ) adverse results from current or future litigation, regulatory examinations or other legal and/or regulatory actions, including as a result of the Company’s participation in and execution of government programs related to the COVID - 19 pandemic and related variants ; ( 14 ) the continued impact of the COVID - 19 pandemic and related variants on the Company’s assets, business, cash flows, financial condition, liquidity, prospects and results of operations ; ( 15 ) significant turbulence or a disruption in the capital or financial markets and the effect of a fall in stock market prices on our investment securities ; ( 16 ) the effects of war or other conflicts including the impacts related to or resulting from Russia’s military action in Ukraine ; and ( 17 ) other general competitive, economic, political, and market factors, including those affecting our business, operations, pricing, products, or services .. These and other factors that could cause results to differ materially from those described in the forward - looking statements can be found in SmartFinancial’s most recent annual report on Form 10 - K, quarterly reports on Form 10 - Q, and current reports on Form 8 - K, in each case filed with or furnished to the Securities and Exchange Commission (the “SEC”) and available on the SEC’s website (www .. sec .. gov) .. Undue reliance should not be placed on forward - looking statements .. SmartFinancial disclaims any obligation to update or revise any forward - looking statements contained in this release, which speak only as of the date hereof, whether as a result of new information, future events, or otherwise .. Non - GAAP Financial Measures Statements included in this presentation include Non - GAAP financial measures and should be read along with the accompanying tables, which provide a reconciliation of Non - GAAP financial measures to GAAP financial measures .. SmartFinancial management uses several Non - GAAP financial measures, including : ( i ) operating revenue, (ii) operating earnings, (iii) operating return on average assets, (iv) operating return on average shareholders’ equity, (v) return on average tangible common equity, (vi) operating return on average tangible common equity, (vii) operating efficiency ratio ; (viii) tangible common equity ; (ix) average tangible common equity ; (x) tangible book value ; (xi) operating pre - tax pre - provision earnings ; (xii) operating noninterest income ; (xiii) operating noninterest expense ; (xiv) tangible assets ; and ratios derived therefrom, in its analysis of the company's performance .. Operating revenue includes the earnings from net interest income and operating noninterest income (Non - GAAP) .. Operating earnings excludes the following from net income : securities gains and losses, merger related and restructuring expenses, and the income tax effect of adjustments .. Operating return on average assets is the annualized operating earnings (Non - GAAP) divided by average assets .. Operating return on average shareholders’ equity is the annualized operating earnings (Non - GAAP) divided by average equity .. Return on average tangible common equity is the annualized net income divided by average tangible common equity (Non - GAAP) .. Operating return on average tangible common equity is the annualized operating earnings (Non - GAAP) divided by average tangible common equity (Non - GAAP) .. The operating efficiency ratio includes an adjustment for taxable equivalent yields and excludes securities gains and losses and merger related and restructuring expenses from the efficiency ratio .. Tangible common equity and average tangible common equity exclude goodwill and other intangible assets from shareholders’ equity and average shareholders’ equity .. Tangible book value excludes goodwill and other intangible assets less shareholders’ equity divided by common shares outstanding .. Operating pre - tax pre - provision earnings is net interest income plus operating noninterest income (Non - GAAP) less operating noninterest expense (Non - GAAP) .. Operating noninterest income excludes the following from noninterest income : securities gains and losses .. Operating noninterest expense excludes the following from noninterest expense : prior year adjustments to salaries, merger related and restructuring expenses and certain franchise tax true - up expenses .. Tangible assets excludes goodwill and other intangibles from total assets .. Management believes that Non - GAAP financial measures provide additional useful information that allows investors to evaluate the ongoing performance of the company and provide meaningful comparisons to its peers .. Management believes these non - GAAP financial measures also enhance investors' ability to compare period - to - period financial results and allow investors and company management to view our operating results excluding the impact of items that are not reflective of the underlying operating performance .. Non - GAAP financial measures should not be considered as an alternative to any measure of performance or financial condition as promulgated under GAAP, and investors should consider SmartFinancial's performance and financial condition as reported under GAAP and all other relevant information when assessing the performance or financial condition of the company .. Non - GAAP financial measures have limitations as analytical tools, and investors should not consider them in isolation or as a substitute for analysis of the results or financial condition as reported under GAAP ..

'20 -'22 2020Y 2021Y 2022Y CAGR 3 Total Loans and Leases 2,382.2 $ 2,693.4 $ 3,229.0 $ 16% Annual Net Balance Loan Growth (Excl. PPP) 190.1 547.8 587.9 76% Total Deposits 2,805.2 4,021.9 4,077.1 21% Loan / Deposit Ratio 85% 67% 79% Operating Revenue 1 115.8 137.3 165.1 19% Operating PTPP Earnings 1 43.7 49.6 59.3 17% Operating Noninterest Income 1 15.0 23.9 27.6 36% Operating Noninterest Income (Excl. Mtg. Bking) 1 11.1 19.9 26.0 53% Operating Return on Average Assets 1 0.89% 0.98% 0.92% Operating Return on Average Tang. Common Equity 1 10.7% 12.8% 13.7% Operating Efficiency Ratio 1 61.7% 63.6% 63.8% Diluted Operating Earnings Per Share 1 1.82 $ 2.39 $ 2.57 $ 19% Tangible Book Value Per Share (Excl. AOCI) 1,2 17.77 $ 19.17 $ 21.18 $ 9% F INANCIAL H IGHLIGHTS : 3 S MART B ANK 2022: A Y EAR IN R EVIEW $ in Millions, except per share data B ALANCE S HEET P ERFORMANCE D RIVEN BY T ALENTED C OMMERCIAL R ELATIONSHIP M ANAGERS R ECORD O PERATING R EVENUE N ON - C YCLICAL N ONINTEREST I NCOME G ROWTH R ECORD O PERATING EPS C REATING S HAREHOLDER V ALUE P OSITIVE O PERATING L EVERAGE I MPROVING P ROFITABILITY B ALANCE S HEET / N ON - GAAP R EVENUE M ETRICS : N ON - GAAP P ERFORMANCE M ETRICS : O PERATIONAL A CHIEVEMENTS : 1) Non - GAAP financial measure - f or a reconciliation of Non - GAAP financial measures to their most directly comparable GAAP measures, see the Appendix 2) AOCI: Accumulated Other Comprehensive Income 3) CA GR: Compound Annualized Growth Rate ❖ E STABLISHED P ERMANENT D OTHAN , AL AND T ALLAHASSEE , FL L OCATIONS ❖ S UBSTANTIAL M ODERNIZATION OF ATM AND C ASH R ECYCLER F LEETS ❖ E NHANCED I NSURANCE P LATFORM WITH S UNBELT I NSURANCE A CQUISITION ❖ N C INO © C OMMERCIAL L OAN O RIGINATION S YSTEM I MPLEMENTED ❖ O PENED B RANCHES IN N ASHVILLE / F RANKLIN , TN AND B IRMINGHAM , AL ❖ C ONSOLIDATED C ROSSVILLE AND S EVIERVILLE , TN O PERATIONS

$0.40 $0.68 $0.77 $0.52 $0.69 $0.76 4Q21 3Q22 4Q22 GAAP EPS D ILUTED O PERATING EPS $25.56 $24.56 $25.59 $19.26 $18.02 $19.09 4Q21 3Q22 4Q22 BV P ER S HARE TBV P ER S HARE 0.59% 0.95% 1.11% 0.77% 0.96% 1.10% 4Q21 3Q22 4Q22 GAAP ROAA O PERATING ROAA 8.2% 14.4% 16.7% 10.7% 14.4% 16.5% 4Q21 3Q22 4Q22 GAAP ROATCE O PERATING ROATCE AOCI I MPACT 4 Financial data as of or for the three months ended 12/31/22 1) Non - GAAP financial measure - f or a reconciliation of Non - GAAP financial measures to their most directly comparable GAAP measures, see the Appendix 2) QoQ : Quarter - over - Quarter 3) “Loans” for purposes of this presentation includes all SmartFinancial loans and leases 4) Organic loan growth excludes PPP loans 5) AOCI: Accumulated Other Comprehensive Income Q UARTERLY H IGHLIGHTS : F OURTH Q UARTER 2022 15% Q O Q 2 A NNUALIZED T ANG .. B OOK V ALUE P ER S HARE G ROWTH (E XCLUDING AOCI) 1 $0.76 D ILUTED O PERATING EPS 1 1.10% O PERATING R ETURN ON A VERAGE A SSETS 1 16.5% O PERATING R ETURN A VERAGE T ANG .. C OMMON E QUITY 1 61% O PERATING E FFICIENCY R ATIO 1 (5%) Q O Q D EPOSIT C ONTRACTION 17% Q O Q A NNUALIZED O RGANIC L OAN 3 G ROWTH 4 79% L OAN / D EPOSIT R ATIO 0.10% N ON - P ERFORMING A SSETS / A SSETS $4.6 B ILLION IN T OTAL A SSETS D ILUTED E ARNINGS P ER S HARE B OOK V ALUE P ER S HARE R ETURN ON A VERAGE A SSETS R ETURN ON A VERAGE T ANGIBLE C OMMON E QUITY 1 1 1 1 1,5 $21.18 $19.09 $20.43 $18.02

5 S MART F INANCIAL : E XPANDING S OUTHEAST F RANCHISE $4.6 B ILLION IN T OTAL A SSETS $3.2 B ILLION IN T OTAL L OANS We are building a culture where Associates thrive and are empowered to be leaders .. The core values that we have established as a company help us operate in unison and have become a critical part of our culture .. Our Associates are key to SmartBank’s success .. $4.1 B ILLION IN T OTAL D EPOSITS 41 T OTAL B RANCHES K NOXVILLE N ASHVILLE H UNTSVILLE T USCALOOSA M OBILE P ENSACOLA B IRMINGHAM A UBURN T ALLAHASSEE D OTHAN M ONTGOMERY S MART B ANK B RANCH O FFICES L OAN P RODUCTION O FFICE C HATTANOOGA Balance sheet and branch count represent 12/31/22 balances 1) Knox News Sentinel Top Workplaces survey P ANAMA C ITY 1

$2.0 $2.1 $2.3 $2 $2 $2 $2 $2 $2 $2 12/31/20 12/31/21 12/31/22 SMBK L OANS $2.5 $3.5 $3.4 $ - $1 $1 $2 $2 $3 $3 $4 $4 $5 12/31/20 12/31/21 12/31/22 SMBK D EPOSITS $0.4 $0.6 $0.9 $ - $0 $0 $0 $0 $1 $1 $1 $1 $1 $1 12/31/20 12/31/21 12/31/22 SMBK L OANS $0.3 $0.5 $0.7 $(0) $0 $0 $0 $0 $0 $1 $1 $1 $1 12/31/20 12/31/21 12/31/22 SMBK D EPOSITS S MART B ANK B RANCH O FFICES L OAN P RODUCTION O FFICE E XPANDING M ARKET A REA L EGACY M ARKET A REA U RBAN AREA D ENSITY \ M ARKET A REA : T ARGETING I NDUSTRY R ICH G ROWTH M ARKETS 6 ► T OTAL P OPULATION : 2.8 M ILLION ► T OTAL D EPOSITS : $72 B ILLION ► M EDIAN I NCOME : $63 T HOUSAND L EGACY M ARKETS 1) Legacy Markets include Chattanooga, TN, Clarke, AL, Cleveland, TN, Crossville, TN, Cookeville, TN, Fentress, TN, Huntsville, AL, Knoxville, TN, Sevierville, TN, Tullahoma, TN and Tuscaloosa, AL MSAs 2) Expanding Markets include Auburn, AL, Birmingham, AL, Dothan, AL, Fairhope, AL, Fort Walton/Destin, FL, Montgomery, AL, Mobil e, AL, Nashville, TN, Panama City, FL, Pensacola, FL and Tallahassee, FL Source: S&P Market Intelligence; https://www.forbes.com/best - places - for - business Note: Expanding and Legacy market statistics based on the weighted average of the MSAs included in each area based on populat ion ; Legacy market area includes settlement and corporate balances E XPANDING M ARKETS ► T OTAL P OPULATION : 5.9 M ILLION ► T OTAL D EPOSITS : $211 B ILLION ► M EDIAN I NCOME : $68 T HOUSAND L EGACY M ARKETS 1 : S TRONG R ELATIONSHIPS / D EEP M ARKET P ENETRATION E XPANDING M ARKETS 2 : B UILDING T ALENT / G ROWING B RAND A WARENESS Forbes Top 200 Best Places for Business and Careers Knoxville: #86 Huntsville: #93 Chattanooga: #116 Mobile: #184 Forbes Top 200 Best Places for Business and Careers Nashville: #15 Tallahassee: #103 Pensacola: #105 Birmingham: #165 Montgomery: #191 CAGR: 8% $ in Billions CAGR: 16% CAGR: 49% CAGR: 51%

22% 22% 23% 23% 24% 29% 31% 28% 27% 26% 2% 1% 16% 15% 16% 16% 17% 10% 11% 12% 13% 12% 18% 17% 18% 18% 18% 3% $2,693 $2,806 $2,994 $3,099 $3,229 4Q21 1Q22 2Q22 3Q22 4Q22 CRE, OO CRE, NOO PPP L OANS C&I C&D C ONSUMER RE L EASES & O THER $1,319 $1,775 $1,897 $2,382 $2,693 $2,806 $2,994 $3,099 $3,229 5.31% 5.72% 5.49% 4.89% 4.67% 4.40% 4.40% 4.59% 5.05% 3.00% 4.00% 5.00% 6.00% 7.00% 8.00% 9.00% 10.00% $ - $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 2017Y 2018Y 2019Y 2020Y 2021Y 1Q22 2Q22 3Q22 4Q22 7 L OAN P ORTFOLIO : S OLID M ARKETS P ROVIDING O PPORTUNITY T OTAL L OANS CAGR OF 20% S INCE 2017 $ in Millions A VERAGE L OAN Y IELD L OAN C OMPOSITION S USTAINED M ARKET M OMENTUM D RIVING O RGANIC G ROWTH

1 - 4 Family (NOO) 27% Resi/Comm Land Dev. 13% Resi/Comm Land 17% Multifamily 13% CRE (OO) 11% CRE (NOO) 12% Multifamily 17% Hotel & Hospitality 35% Retail Space 14% Office Space 14% Misc. 10% 8 L OAN C ONCENTRATION : W ELL B ALANCED E XPOSURE CRE E XPOSURE B Y S EGMENT H IGHLY D IVERSIFIED WITH S EASONED C LIENT B ASE C&D E XPOSURE B Y T YPE 1 C LOSELY M ONITORED WITH N O C ONCENTRATION C ONCERNS 1) 1 - 4 Family (OO) includes owner - occupied primary and secondary residence construction loans; 1 - 4 Family (NOO) includes speculativ e and investment property residential construction loans; Resi /Comm Land Dev. includes primary, secondary, investment and commercial land development loans; Resi /Comm Land includes residential and commercial improved and unimproved land loans; Multifamily includes 5 or more residentia l p roperty loans; CRE (OO) includes construction loans for owner - occupied commercial real estate including hotel & hospitality, retail, office, industrial & warehouse, self storage and other commercial real est ate ; CRE (NOO) includes construction loans for non owner - occupied commercial real estate including hotel & hospitality, retail, off ice, industrial & warehouse, self storage and other commercial real estate

$5,058 $4,981 $5,042 $4,605 $4,808 0.11% 0.11% 0.11% 0.10% 0.10% -0.10% 0.10% 0.30% 0.50% 0.70% 0.90% 1.10% 1.30% 1.50% $- $2,000 $4,000 $6,000 4Q21 1Q22 2Q22 3Q22 4Q22 N ONPERFORMING L OANS OREO & O THER R EPOS N ONPERFORMING A SSETS / T OTAL A SSETS $8,991 $5,738 $6,588 $6,398 $7,645 0.33% 0.20% 0.22% 0.21% 0.24% -0.10% 0.10% 0.30% 0.50% 0.70% 0.90% 1.10% 1.30% 1.50% 1.70% $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 4Q21 1Q22 2Q22 3Q22 4Q22 T OTAL D ELINQUENT & N ONACCRUAL L OANS & L EASES T OTAL D ELINQUENT & N ONACCRUAL L OANS & L EASES / T OTAL L OANS & L EASES 0.35% 0.31% 0.29% 0.22% 0.22% 0.05% 0.04% - 0.09% 0.02% 0.03% -0.10% -0.05% 0.00% 0.05% 0.10% 0.15% 0.20% 0.25% 0.30% 0.35% 0.40% 4Q21 1Q22 2Q22 3Q22 4Q22 C LASSIFIED L OANS AND L EASES / T OTAL L OANS & L EASES N ET C HARGEOFFS 286% 304% 303% 301% 294% 74% 81% 90% 98% 94% 0% 50% 100% 150% 200% 250% 150% 170% 190% 210% 230% 250% 270% 290% 310% 330% 350% 4Q21 1Q22 2Q22 3Q22 4Q22 CRE L OANS / C APITAL C&D L OANS / C APITAL 9 C REDIT Q UALITY D ELINQUENT AND N ONACCRUALS / T OTAL L OANS N ONPERFORMING A SSETS C OMMERCIAL R EAL E STATE C ONCENTRATION A SSET Q UALITY : S TRONG U NDERWRITING P AYS D IVIDENDS $ in Thousands

$19,352 $20,078 $21,938 $22,769 $23,334 $15,483 $14,913 $14,737 $14,465 $13,128 0.74% 0.74% 0.74% 0.75% 0.73% 0.00% 0.50% 1.00% 1.50% 2.00% $- $2,000 $4,000 $6,000 $8,000 $10,000 $12,000 $14,000 $16,000 $18,000 $20,000 $22,000 $24,000 4Q21 1Q22 2Q22 3Q22 4Q22 A LLOWANCE FOR L OAN L OSSES A CQUIRE L OAN F AIR V ALUE D ISCOUNTS A LLOWANCE - O RIGINATED / O RIG .. L&L, L ESS PPP 10 R ESERVE R ECONCILIATION : $ in Thousands 4Q21 1Q22 2Q22 3Q22 4Q22 Allowance / Total Loans & Leases ("L&L") 0.72% 0.72% 0.73% 0.73% 0.72% Allowance / Total L&L, less PPP 0.73% 0.72% 0.73% 0.74% 0.72% Allowance - Originated / Orig. L&L, less PPP 0.74% 0.74% 0.74% 0.75% 0.73% Allowance - Acquired / Acquired L&L 0.65% 0.63% 0.67% 0.65% 0.62% Acquired FV Discount / Acquired L&L 3.42% 3.64% 4.17% 4.29% 4.41% Total Reserves / Total L&L 1.29% 1.25% 1.22% 1.20% 1.13% Total Reserves / Total L&L, less PPP 1.31% 1.26% 1.23% 1.20% 1.13%

$1,439 $1,922 $2,047 $2,805 $4,022 $4,191 $4,282 $4,280 $4,077 0.55% 0.86% 1.12% 0.55% 0.27% 0.20% 0.24% 0.45% 0.85% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% $ - $500 $1,000 $1,500 $2,000 $2,500 $3,000 $3,500 $4,000 $4,500 2017Y 2018Y 2019Y 2020Y 2021Y 1Q22 2Q22 3Q22 4Q22 26% 26% 27% 28% 26% 22% 23% 23% 22% 24% 37% 38% 38% 39% 39% 14% 13% 12% 11% 11% $4,022 $4,191 $4,282 $4,280 $4,077 4Q21 1Q22 2Q22 3Q22 4Q22 N ONINTEREST D EMAND I NTEREST - B EARING D EMAND M ONEY M ARKET AND S AVINGS T IME D EPOSITS 11 D EPOSIT P ORTFOLIO : D EFENDING D EPOSIT M ARKET S HARE T OTAL D EPOSITS L OANS TO D EPOSITS R ATIO OF 79% $ in Millions A VERAGE T OTAL D EPOSIT C OST D EPOSIT C OMPOSITION H IGHER R ATES D RIVING M IX S HIFT

$1,045 $764 $655 $543 $266 $559 $830 $813 $807 $770 12.1% 17.6% 17.0% 16.8% 16.7% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% $- $200 $400 $600 $800 $1,000 $1,200 4Q21 1Q22 2Q22 3Q22 4Q22 C ASH AND C ASH E QUIV .. S ECURITIES (AFS/HTM) S ECURITIES (AFS/HTM) / T OTAL A SSETS $29,855 $30,118 $33,062 $36,708 $37,612 $6,806 $7,111 $7,229 $6,250 $6,981 $36,661 $37,229 $40,291 $42,958 $44,593 2.92% 2.91% 3.08% 3.29% 3.51% $18,000 $23,000 $28,000 $33,000 $38,000 $43,000 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% 5.50% 6.00% 4Q21 1Q22 2Q22 3Q22 4Q22 N ET I NTEREST I NCOME O PERATING N ONINTEREST I NCOME N ET I NTEREST M ARGIN (FTE) 4Q21 1Q22 2Q22 3Q22 4Q22 Cash Yield 0.22% 0.25% 0.91% 2.34% 3.81% Sec. Yield (AFS/HTM) 1 1.64% 1.67% 1.73% 1.87% 2.15% Loans (less Accr./PPP Fees) 4.20% 4.18% 4.27% 4.55% 4.86% Accretion 0.07% 0.06% 0.03% 0.02% 0.18% PPP Fees 0.26% 0.16% 0.10% 0.02% 0.01% Loan Yield (incl. Fees) 4.53% 4.40% 4.40% 4.59% 5.05% IE Asset Yield 3.20% 3.18% 3.39% 3.79% 4.41% NIM (FTE) 2.92% 2.91% 3.08% 3.29% 3.51% 12 L IQUIDITY U TILIZATION : M ARGIN M ANAGEMENT WHILE D RIVING R EVENUE $ in Millions C ASH AND S ECURITIES E XCESS F UNDING N ORMALIZING M ARGIN / O PERATING R EVENUE 2 M AINTAINING R EVENUE D ESPITE C HALLENGING M ARGIN E NVIRONMENT $ in Thousands 1) Based on the weighted average of the AFS/HTM securities portfolio. Yields related to investment securities exempt from income ta xes are stated on a taxable - equivalent basis assuming a federal income tax rate of 21.0% 2) Non - GAAP financial measure - f or a reconciliation of Non - GAAP financial measures to their most directly comparable GAAP measures, see the Appendix 2

$375 , 0.3% $(600) , - 0.4% $(1,363) , - 1.0% I NTERST I NCOME % C HANGE S HOCK - 100 BPS S HOCK +100 BPS S HOCK +200 BPS $35 , 0.0% $44 , 0.0% $(86) , - 0.1% I NTEREST I NCOME % C HANGE R AMP - 100 BPS R AMP +100 BPS R AMP +200 BPS 13 I NTEREST R ATE S ENSITIVITY F IXED VS .. V ARIABLE R ATE L OANS S TATIC S HOCK / R ATE R AMP A NALYSIS 1 1) Based on 12 - month static rate shock and ramp analysis as of 12/31/22. These estimates of changes in the Company’s net interest i ncome require us to make certain assumptions including loan and mortgage - related investment prepayment speeds, reinvestment rate, deposit maturities and decay rates. These assumptions are inherently uncertain and, as a result, we cannot pr ecisely predict the impact of changes in interest rates on net interest income. Although our analysis provides an indication of our interest rate risk exposure at a particular point in time, such estimates are not intended to, and do not, provide a prec ise forecast of the effect of changes in market interest rates and will differ from actual results. ▲ $1.9 B ILLION F IXED R ATE L OANS ▲ $1.3 B ILLION V ARIABLE R ATE L OANS ▲ $727 M ILLION S HORT T ERM V ARIABLE R ATE (1 - 3 M ONTH R ESET ) ▲ $561 M ILLION L ONG T ERM V ARIABLE R ATE (> 3 M ONTH R ESET ) $ in Thousands $ in Millions $1,928 60% $561 17% $727 23% F IXED R ATE LT V ARIABLE ST V ARIABLE

$6,806 $7,111 $7,229 $6,250 $6,981 4Q21 1Q22 2Q22 3Q22 4Q22 S ERVICE C HARGES ON D EPOSIT A CCOUNTS M ORTGAGE B ANKING I NCOME I NVESTMENT S ERVICES I NCOME I NSURANCE C OMMISSIONS I NTERCHANGE F EES O THER N ONINTEREST I NCOME 14 N ONINTEREST R EVENUE D ETAILS : G ROWING F EE I NCOME O PERATING N ONINTEREST I NCOME 1 F OCUSED ON R ECURRING F EE I NCOME $ in Thousands 1) Non - GAAP financial measure - f or a reconciliation of Non - GAAP financial measures to their most directly comparable GAAP measures, see the Appendix D IFFERENTIATED R EVENUE S TREAMS B UILDING A F AMILY OF D IVERSIFIED R EVENUE G ENERATORS

68% 68% 64% 63% 61% 4Q21 1Q22 2Q22 3Q22 4Q22 O PERATING E FFICIENCY R ATIO $25,061 $25,279 $25,845 $27,143 $27,461 4Q21 1Q22 2Q22 3Q22 4Q22 S ALARIES & B ENEFITS O CCUPANCY & E QUIPMENT D ATA P ROCESSING & T ECHNOLOGY P ROFESSIONAL S ERVICES A MORTIZATION OF I NTANGIBLES O THER N ONINTEREST E XPENSE 15 1) Non - GAAP financial measure - f or a reconciliation of Non - GAAP financial measures to their most directly comparable GAAP measures, see the Appendix O PERATING E XPENSE : I NVESTING W ITH AN E YE ON E FFICIENCIES O PERATING E FFICIENCY R ATIO 1 E XECUTING ON E XPANSION O PPORTUNITIES O PERATING N ONINTEREST E XPENSE 1 D ISCIPLINED F OCUS ON E XPENSE C ONTAINMENT $ in Thousands 1

7.2% 6.8% 6.7% 6.5% 7.2% 4Q21 1Q22 2Q22 3Q22 4Q22 10.2% 10.3% 10.0% 9.6% 9.7% 4Q21 1Q22 2Q22 3Q22 4Q22 7.5% 7.4% 7.5% 7.4% 8.0% 4Q21 1Q22 2Q22 3Q22 4Q22 12.2% 12.2% 11.8% 11.4% 11.5% 4Q21 1Q22 2Q22 3Q22 4Q22 $13.90 $14.64 $16.82 $17.92 $19.26 $19.09 $14.01 $14.84 $16.80 $17.77 $19.17 $21.18 $8.00 $10.00 $12.00 $14.00 $16.00 $18.00 $20.00 $22.00 $24.00 2017Y 2018Y 2019Y 2020Y 2021Y 4Q22 TBV Per Share Adj. TBV Per Share (Ex. AOCI) C APITAL : W ELL C APITALIZED – B UILDING B OOK V ALUE 16 1) Non - GAAP financial measure - f or a reconciliation of Non - GAAP financial measures to their most directly comparable GAAP measures, see the Appendix Note: Capital ratio data as of the most recent period ended 12/31/22 TCE / TA 1 CET1 R ATIO T OTAL C APITAL R ATIO L EVERAGE R ATIO B ASEL III R EGULATORY C APITAL M INIMUM T O B E C ONSIDERED “W ELL C APITALIZED ” B UILDING S HAREHOLDER V ALUE T ANGIBLE B OOK V ALUE P ER S HARE (TBVPS) 1 $7.18 TBVPS 1 C REATED 2017 – 2022 (E XCLUDING A CCUMULATED O THER C OMPREHENSIVE I NCOME ) $0.07 2022 P ER S HARE Q UARTERLY D IVIDEND 5% W ELL C APITALIZED 10% W ELL C APITALIZED 6.5% W ELL C APITALIZED 1 1

W HY S MART B ANK : I NVESTMENT H IGHLIGHTS 17 F RANCHISE S CARCITY V ALUE – B UILDING S OUTHEAST D ENSITY E NGAGED M ANAGEMENT T EAM S TABLE M ARKETS E XPERIENCING P OPULATION E XPANSION L OW - C OST D EPOSIT B ASE G ROWING B USINESS L INES WITH R EVENUE D IVERSIFICATION S OLID C REDIT Q UALITY AND U NDERWRITING H ISTORY OF D EFENDING B OOK V ALUE AND D ELIVERING S HAREHOLDER V ALUE $

A PPENDIX 18

19 Note: For a reconciliation of Non - GAAP financial measures to their most directly comparable GAAP measures, see the Appendix; per centage change may differ due to rounding I NCOME S TATEMENT : D ETAILED F OURTH Q UARTER R ESULTS 3Q22 4Q21 ($ in thousands, except per share data) 4Q22 3Q22 4Q21 % Chg. % Chg. Net Interest Income 37,612 $ 36,708 $ 29,855 $ 2% 26% Provision for Loan & Lease losses 788 974 422 Noninterest Income 7,125 6,250 6,806 14% 5% Noninterest Expense 27,416 27,230 27,823 1% (1%) Income Tax Expense 3,529 3,211 1,761 Net Income (GAAP) 13,004 $ 11,543 $ 6,655 $ 13% 95% Non-GAAP Reconciliations Noninterest Income (144) - - Noninterest Expense (45) 87 2,762 Income Tax Effect Of Adjustments 49 (22) (713) Operating Earnings (Non-GAAP) 12,864 $ 11,608 $ 8,704 $ 11% 48% Operating PTPP Earnings (Non-GAAP) 17,132 $ 15,815 $ 11,600 $ 8% 48% 3Q22 4Q21 Non-GAAP Performance Metrics 4Q22 3Q22 4Q21 % Chg. % Chg. Diluted Operating Earnings Per Share 0.76 $ 0.69 $ 0.52 $ 11% 47% Tangible Book Value Per Common Share 19.09 $ 18.02 $ 19.26 $ 6% (1%) Operating Return on Average Assets 1.10% 0.96% 0.77% Operating PTPP Return on Average Assets 1.46% 1.30% 1.03% Operating Return on Average Tang. Common Equity 16.5% 14.4% 10.7% Operating Efficiency Ratio 61.4% 62.9% 68.1% 4Q22 vs. 4Q22 vs.

Branch Network Modernization Q2 2021 20 Digital Consumer Deposit Origination Upgrade Q2 2021 Treasury Management Platform Upgrade Q1 2022 Q2 2021 Cloud - Based Contact Center Enhanced Cyber Security Technology Q2 2021 O PERATING E XPENSE : T ECHNOLOGY I NITIATIVES I NVESTING IN OUR P LATFORM TO M AKE S MART B ANK AN E ASIER O RGANIZATION WITH W HICH TO DO B USINESS Q2 2021 Telecommunications Management Upgrade Q3 2021 Redesigned SmartBank.com Core OS Platform Upgrade Q2 2022 New Consumer Personal Finance Tools Q3 2022 Teller Modernization Bank - Wide Q2 2022 Q1 2023 nCino © Customer Pricing and Profitability Q3 2022 Upgraded Mobile/Digital Services Q2 2022 nCino © Commercial Loan Origination Q2 2022 Centralized Bank Application Support Team $ PAY E MBRACING T ECHNOLOGY TO I NCREASE E FFICIENCY AND C REATE S TREAMLINED P ROCESSES ATM Fleet Replacement with ITM Upgrade Q3 2022 Q3 2022 Digital Consumer Credit/Finance Tools Enhanced Risk & Anti - Fraud Solutions Q1 2023 Consumer Lending Workflow Enhancement Q3 2023 Digital Customer Experience Enhancements Q2 2023 Q2 2023 Treasury Management System Improvement Q1 2023 Phone System Upgrade

N ON - GAAP R ECONCILIATION 21 $ in Thousands, except per share data 1. Operating return on average assets (Non - GAAP) is the annualized operating earnings (Non - GAAP) divided by average assets .. 2. Operating PTPP return on average assets (Non - GAAP) is the annualized operating PTPP earnings (Non - GAAP) divided by average assets .. 3. Return on average tangible common equity (Non - GAAP) is the annualized net income divided by average tangible common equity (Non - GAAP) .. 4. Operating return on average shareholders’ equity (Non - GAAP) is the annualized operating earnings (Non - GAAP) divided by average shareholder equity .. 5. Operating return on average tangible common equity (Non - GAAP) is the annualized operating earnings (Non - GAAP) divided by average tangible common equity (Non - GAAP) .. 2022Y 2021Y 2020Y 4Q22 3Q22 2Q22 1Q22 4Q21 Operating Earnings Net Income (GAAP) 43,022 $ 34,790 $ 24,332 $ 13,004 $ 11,543 $ 10,215 $ 8,259 $ 6,655 $ Noninterest Income: Securities (Gains) Losses (144) (45) (6) (144) - - - - Noninterest Expenses: Merger Related And Restructuring Expenses 562 3,701 4,565 (45) 87 81 439 2,762 Income Taxes: Income Tax Effect Of Adjustments (108) (944) (1,071) 49 (22) (21) (113) (713) Operating Earnings (Non-GAAP) 43,332 $ 37,502 $ 27,355 $ 12,864 $ 11,608 $ 10,275 $ 8,585 $ 8,704 $ Operating Earnings Per Common Share (Non-GAAP): Basic 2.59 $ 2.41 $ 1.83 $ 0.77 $ 0.69 $ 0.61 $ 0.51 $ 0.52 $ Diluted 2.57 2.39 1.82 0.76 0.69 0.61 0.51 0.52 Operating Noninterest Income Noninterest Income (GAAP) 27,715 $ 23,949 $ 15,426 $ 7,125 $ 6,250 $ 7,229 $ 7,111 $ 6,806 $ Securities (Gain) Losses (144) (45) (6) (144) - - - - ADECA Termination Proceeds - - (465) - - - - - Operating Noninterest Income (Non-GAAP) 27,571 $ 23,904 $ 14,955 $ 6,981 $ 6,250 $ 7,229 $ 7,111 $ 6,806 $ Mortgage Banking Income (1,552) (4,040) (3,875) (77) (170) (471) (834) (803) Operating Noninterest Income Excluding Mtg. Banking (Non-GAAP) 26,019 $ 19,864 $ 11,080 $ 6,904 $ 6,080 $ 6,758 $ 6,277 $ 6,003 $ Operating Noninterest Expense Noninterest Expense (GAAP) 106,290 $ 91,391 $ 76,719 $ 27,416 $ 27,230 $ 25,926 $ 25,718 $ 27,823 $ Merger Related And Restructuring Expenses (562) (3,701) (4,565) 45 (87) (81) (439) (2,762) Operating Noninterest Expense (Non-GAAP) 105,728 $ 87,690 $ 72,154 $ 27,461 $ 27,143 $ 25,845 $ 25,279 $ 25,061 $ Operating Revenue Net Interest Income (GAAP) 137,501 $ 113,394 $ 100,866 $ 37,612 $ 36,708 $ 33,062 $ 30,118 $ 29,855 $ Operating Noninterest Income (Non-GAAP) 27,571 23,904 14,955 6,981 6,250 7,229 7,111 6,806 Operating Revenue (Non-GAAP) 165,072 137,298 115,821 44,593 42,958 40,291 37,229 36,661 Operating Pre-Tax Pre-Provison ("PTPP") Earnings Operating Revenue (Non-GAAP) 165,072 $ 137,298 $ 115,821 $ 44,593 $ 42,958 $ 40,291 $ 37,229 $ 36,661 $ Operating Noninterest Expense (Non-GAAP) (105,728) (87,690) (72,154) (27,461) (27,143) (25,845) (25,279) (25,061) Operating PTPP Earnings (Non-GAAP) 59,344 $ 49,608 $ 43,667 $ 17,132 $ 15,815 $ 14,446 $ 11,950 $ 11,600 $ Non-GAAP Return Ratios Operating Return On Average Assets (Non-GAAP) (1) 0.92% 0.98% 0.89% 1.10% 0.96% 0.88% 0.76% 0.77% Operating PTPP Return On Average Assets (Non-GAAP) (2) 1.27% 1.29% 1.43% 1.46% 1.30% 1.23% 1.05% 1.03% Return On Average Tangible Common Equity (Non-GAAP) (3) 13.60% 11.84% 9.50% 16.65% 14.36% 13.02% 10.39% 8.18% Operating Return On Average Shareholders' Equity (Non-GAAP) (4) 10.24% 9.67% 8.02% 12.15% 10.83% 9.82% 8.14% 8.09% Operating Return On Average Tangible Common Equity (Non-GAAP) (5) 13.69% 12.77% 10.67% 16.47% 14.44% 13.09% 10.80% 10.70% Operating Efficiency Ratio Efficiency Ratio (GAAP) 64.33% 66.54% 65.97% 61.28% 63.39% 64.35% 69.08% 75.89% Adjustment For Taxable Equivalent Yields (0.26%) (0.29%) (0.33%) (0.22%) (0.25%) (0.27%) (0.31%) (0.32%) Adjustment For Securities Gains (Losses) (0.06%) (0.02%) (0.01%) (0.20%) - - - - Adjustment For Merger Expenses (0.22%) (2.64%) (3.88%) 0.50% (0.21%) (0.20%) (1.17%) (7.50%) Operating Efficiency Ratio (Non-GAAP) 63.79% 63.59% 61.75% 61.36% 62.93% 63.88% 67.60% 68.07%

N ON - GAAP R ECONCILIATION 22 $ in Thousands, except per share data 1. Book value per share is computed by dividing total stockholders’ equity by common shares outstanding .. Tangible book value per share (Non - GAAP) is computed by dividing total stockholders’ equity, less goodwill and other intangible assets by common shares outstanding 2. Totals may not add due to rounding 4Q22 3Q22 2Q22 1Q22 4Q21 Tangible Common Equity: Shareholders' Equity (GAAP) 432,452 $ 414,711 $ 420,427 $ 420,042 $ 429,430 $ Less Goodwill And Other Intangible Assets 109,772 110,460 104,582 105,215 105,852 Tangible Common Equity (Non-GAAP) 322,680 $ 304,251 $ 315,845 $ 314,827 $ 323,578 $ Average Tangible Common Equity: Average Shareholders' Equity (GAAP) 420,037 $ 425,365 $ 419,726 $ 427,945 $ 426,808 $ Less Goodwill And Other Intangible Assets 110,206 106,483 104,986 105,617 104,193 Average Tangible Common Equity (Non-GAAP) 309,831 $ 318,882 $ 314,740 $ 322,328 $ 322,615 $ Tangible Book Value Per Common Share: Book Value Per Common Share (GAAP) 25.59 $ 24.56 $ 24.88 $ 24.86 $ 25.56 $ Adjustment Due To Goodwill And Other Intangible Assets (6.50) (6.54) (6.19) (6.23) (6.30) Tangible Book Value Per Common Share (Non-GAAP) (1) 19.09 $ 18.02 $ 18.69 $ 18.64 $ 19.26 $ Tangible Common Equity To Tangible Assets: Total Assets 4,612,913 $ 4,796,911 $ 4,788,113 $ 4,718,579 $ 4,611,579 $ Less Goodwill And Other Intangibles 109,772 110,460 104,582 105,215 105,852 Tangible Assets (Non-GAAP) 4,503,141 $ 4,686,451 $ 4,683,531 $ 4,613,364 $ 4,505,727 $ Tangible Common Equity To Tangible Assets (Non-GAAP): 7.17% 6.49% 6.74% 6.82% 7.18% 4Q22 3Q22 2Q22 1Q22 4Q21 Tangible Common Equity (Excluding AOCI): Shareholders' Equity (GAAP) 432,452 $ 414,711 $ 420,427 $ 420,042 $ 429,430 $ Less Goodwill And Other Intangible Assets 109,772 110,460 104,582 105,215 105,852 Tangible Common Equity (Non-GAAP) 322,680 $ 304,251 $ 315,845 $ 314,827 $ 323,578 $ Less Adjustment Due to AOCI (Loss) (35,324) (40,807) (24,648) (15,556) 1,443 Tangible Common Equity (Excl. AOCI) (Non-GAAP) 358,004 $ 345,058 $ 340,493 $ 330,383 $ 322,135 $ Tangible Book Value Per Common Share (Excluding AOCI): Book Value Per Common Share (GAAP) 25.59 $ 24.56 $ 24.88 $ 24.86 $ 25.56 $ Adjustment Due To Goodwill And Other Intangible Assets (6.50) (6.54) (6.19) (6.23) (6.30) Tangible Book Value Per Common Share (Non-GAAP) (1) 19.09 $ 18.02 $ 18.69 $ 18.64 $ 19.26 $ Less Adjustment Due to AOCI (Loss) (2.09) (2.42) (1.46) (0.92) 0.09 Tangible Book Value Per Common Share (Excl. AOCI) (Non-GAAP) (1)(2) 21.18 $ 20.43 $ 20.15 $ 19.56 $ 19.17 $ 2021Y 2020Y 2019Y 2018Y 2017Y Tangible Common Equity (Excluding AOCI): Shareholders' Equity (GAAP) 429,430 $ 357,168 $ 312,747 $ 283,011 $ 205,852 $ Less Goodwill And Other Intangible Assets 105,852 86,471 77,193 79,034 50,837 Tangible Common Equity (Non-GAAP) 323,578 $ 270,697 $ 235,554 $ 203,977 $ 155,015 $ Less Adjustment Due to AOCI (Loss) 1,443 2,183 168 (2,765) (1,198) Tangible Common Equity (Excl. AOCI) (Non-GAAP) 322,135 $ 268,514 $ 235,386 $ 206,742 $ 156,213 $ Tangible Book Value Per Common Share (Excluding AOCI): Book Value Per Common Share (GAAP) 25.56 $ 23.64 $ 22.33 $ 20.31 $ 18.46 $ Adjustment Due To Goodwill And Other Intangible Assets (6.30) (5.72) (5.51) (5.67) (4.56) Tangible Book Value Per Common Share (Non-GAAP) (1) 19.26 $ 17.92 $ 16.82 $ 14.64 $ 13.90 $ Less Adjustment Due to AOCI (Loss) 0.09 0.14 0.01 (0.20) (0.11) Tangible Book Value Per Common Share (Excl. AOCI) (Non-GAAP) (1)(2) 19.17 $ 17.77 $ 16.80 $ 14.84 $ 14.01 $

C ONTACT 23 B ILLY C ARROLL P RESIDENT & CEO 865.868.0613 B ILLY ..C ARROLL @ SMARTBANK .. COM M ILLER W ELBORN C HAIRMAN 423.385.3067 M ILLER ..W ELBORN @ SMARTBANK .. COM 5401 K INGSTON P IKE , S UITE 600 K NOXVILLE , TN 37919 R ON G ORCZYNSKI C HIEF F INANCIAL O FFICER 865.437.5724 R ON ..G ORCZYNSKI @ SMARTBANK .. COM

SmartFinancial (SMBK) 8-KSmartFinancial Announces Results for the Fourth Quarter 2022