SMARTFINANCIAL INC. SMBK

Financials SIC 6021 - National Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived NYSE

SmartFinancial, Inc. ("SmartFinancial" or the "Company") was incorporated on September 19, 1983, under the laws of the State of Tennessee. SmartFinancial is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. In this Report on Form 10-K, the words "SmartFinancial," "the Company," "we," "us," and "our" refer to SmartFinancial, Inc. together with SmartBank and SmartBank's wholly-owned subsidiaries, except where the context requires otherwise.

The primary activity of SmartFinancial is the ownership and operation of SmartBank (the "Bank"). As a bank holding company, SmartFinancial intends to facilitate SmartBank's ability to provide financial services to its customers. The holding company structure also provides flexibility for expansion through the possible acquisition of other financial institutions and the provision of additional banking-related services, as well as certain non-banking services, which a traditional commercial bank may not provide under present laws.

Last close 49.34 2026-10-23
Market cap $843.6M 2026-06-30 share count
52-week range 34.23 - 54.14

Valuation FY2025 figures against the last close

P/S—
P/E16.6x
P/FCF14.2x
EV/EBITDA—
Dividend yield0.6%
Diluted EPS2.98

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Interest expense $166.1M$137.3M$130.1M$137.5M$11.8M$16.7M$24.6M$15.6M$5.7M$4.3M
Pre-tax income $61.5M$45.5M$36.2M$54.9M$44.3M$30.9M$33.4M$21.3M$11.4M$9.2M
Income tax $11.2M$9.3M$7.6M$11.9M$9.5M$6.6M$6.9M$3.2M$6.4M$3.4M
Net income $50.3M$36.1M$28.6M$43.0M$34.8M$24.3M$26.5M$18.1M$5.0M$5.8M
EPS, basic 3.002.161.702.572.231.631.901.460.560.82
EPS, diluted 2.982.141.692.552.221.621.891.450.550.78
Shares, diluted (wtd. avg.) 16.9M16.9M16.9M16.9M15.7M15.0M14.0M12.5M8.8M6.1M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $464.4M$387.6M$352.3M$266.4M$1.05B$481.7M$184.0M$115.8M$113.0M$68.7M
Property, plant and equipment $88.4M$91.1M$93.0M$92.5M$86.0M$72.7M$59.4M$56.0M$43.0M$30.5M
Goodwill $90.4M$96.1M$96.1M$96.1M$91.6M$74.1M$65.6M$66.1M$38.0M—
Other intangibles $5.0M$8.6M$11.0M$13.6M$14.3M$12.3M$11.6M$12.9M$8.0M$2.5M
Total assets $5.86B$5.28B$4.83B$4.64B$4.61B$3.30B$2.45B$2.27B$1.72B$1.06B
Long-term debt —————$75.4M————
Total liabilities $5.31B$4.78B$4.37B$4.21B$4.18B$2.95B$2.14B$1.99B$1.51B$957.2M
Retained earnings $248.7M$203.8M$173.1M$156.5M$118.2M$87.2M$65.8M$40.0M$21.9M$16.9M
Total equity $552.4M$491.3M$459.9M$432.5M$429.4M$357.2M$312.7M$283.0M$205.9M$105.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $61.7M$52.7M$39.7M$56.8M$46.2M$29.1M$29.9M$20.8M$1.2M$11.6M
Depreciation and amortisation $5.0M$5.2M$5.1M$4.7M$4.2M$3.7M$2.8M$2.6M$1.8M$1.4M
Stock-based compensation $1.9M$1.6M$1.3M$1.3M$693.0K$482.0K$517.0K$397.0K$154.3K$132.6K
Capital expenditure $2.4M$6.4M$6.3M$12.5M$2.4M$5.4M$6.3M$3.8M$2.8M$7.0M
Investing cash flow -$499.0M-$420.2M-$135.2M-$840.8M-$265.0M-$259.3M-$94.8M-$94.9M-$50.7M-$54.3M
Financing cash flow $514.2M$402.8M$181.4M$5.4M$782.2M$528.0M$133.1M$76.8M$93.8M$31.5M
Dividends paid $5.5M$5.4M$5.4M$4.7M$3.7M$3.0M$700.0K$0——
Buybacks —$3.0M——$1.2M$4.3M————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-040440.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 20M 40M 60M Net income, FY2016: 5.8M Net income, FY2017: 5M Net income, FY2018: 18.1M Net income, FY2019: 26.5M Net income, FY2020: 24.3M Net income, FY2021: 34.8M Net income, FY2022: 43M Net income, FY2023: 28.6M Net income, FY2024: 36.1M Net income, FY2025: 50.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — — — — — — — —
Gross profit — — — — — — — — — —
Net income $5.8M $5.0M $18.1M $26.5M $24.3M $34.8M $43.0M $28.6M $36.1M $50.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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