SMARTFINANCIAL APPROVES REGULAR QUARTERLY CASH DIVIDEND AND ANNOUNCES SHARE REPURCHASE PROGRAM (Form 8-K)

SMARTFINANCIAL APPROVES

REGULAR QUARTERLY CASH DIVIDEND AND

ANNOUNCES SHARE REPURCHASE PROGRAM

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KNOXVILLE, Tenn., January 30, 2026 - SmartFinancial, Inc. ("SmartFinancial") (NYSE: SMBK), the parent company for SmartBank, announced that on January 29, 2026, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.08 per share of SmartFinancial common stock payable on March 2, 2026, to shareholders of record as of the close of business on February 13, 2026.

The Board also authorized a stock repurchase plan (the "2026 Repurchase Plan"), pursuant to which SmartFinancial may purchase, from time to time, up to an aggregate amount of $10 million of its shares of common stock. The 2026 Repurchase Plan will become effective on March 1, 2026, and will expire on February 28, 2027, unless extended by the Board. The 2026 Repurchase Plan will replace SmartFinancial's prior stock repurchase plan, which will be terminated when the 2026 Repurchase Plan becomes effective.

Repurchases under the 2026 Repurchase Plan may be made from time to time in the open market, by accelerated share repurchase programs, in privately negotiated transactions, or otherwise in compliance with Rule 10b-18 of the Securities Exchange Act of 1934 (the "Exchange Act"), in each case subject to applicable regulatory requirements and other factors that may be considered by SmartFinancial in its sole discretion. Repurchases may also be made pursuant to a trading plan under Rule 10b5-1 of the Exchange Act, which would permit shares to be repurchased when SmartFinancial might otherwise be precluded from doing so because of self-imposed trading blackout periods or other regulatory restrictions. The 2026 Repurchase Program does not obligate SmartFinancial to repurchase any particular amount of common stock and may be extended, modified, amended, suspended, or discontinued by the Board at any time.

About SmartFinancial, Inc.

SmartFinancial, Inc., based in Knoxville, Tennessee, is the publicly-traded bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007 with branches across Tennessee, Alabama, and Florida. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have all contributed to the company's success. More information about SmartFinancial can be found on its website: www.smartfinancialinc.com.