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SmartFinancial (SMBK) Financials

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Annual Income Statements for SmartFinancial

Annual Income Statements for SmartFinancial

This table shows SmartFinancial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 36 29 43
Consolidated Net Income / (Loss)		 36 29 43
Net Income / (Loss) Continuing Operations		 36 29 43
Total Pre-Tax Income 		45 36 55
Total Revenue		 172 152 165
Net Interest Income / (Expense)		 137 130 138
Total Interest Income		 251 218 159
Loans and Leases Interest Income		 214 186 136
Investment Securities Interest Income		 22 18 14
Other Interest Income		 16 13 8.49
Total Interest Expense		 114 88 21
Deposits Interest Expense		 109 84 18
Long-Term Debt Interest Expense		 4.51 3.70 3.11
Total Non-Interest Income		 34 22 28
Service Charges on Deposit Accounts		 6.86 6.51 5.85
Other Service Charges		 20 16 16
Net Realized & Unrealized Capital Gains on Investments		 0.06 -6.80 0.14
Investment Banking Income		 5.95 5.11 4.14
Other Non-Interest Income		 1.58 1.04 1.55
Provision for Credit Losses		 5.15 3.03 4.02
Total Non-Interest Expense		 121 113 106
Salaries and Employee Benefits		 72 66 63
Net Occupancy & Equipment Expense		 24 23 19
Marketing Expense		 1.32 1.34 1.29
Property & Liability Insurance Claims		 3.39 3.16 2.67
Other Operating Expenses		 18 17 16
Amortization Expense		 2.43 2.62 2.61
Restructuring Charge		 0.00 0.11 0.56
Income Tax Expense		 9.32 7.63 12
Basic Earnings per Share		 $2.16 $1.70 $2.57
Weighted Average Basic Shares Outstanding		 16.77M 16.81M 16.74M
Diluted Earnings per Share		 $2.14 $1.69 $2.55
Weighted Average Diluted Shares Outstanding		 16.88M 16.91M 16.87M
Weighted Average Basic & Diluted Shares Outstanding		 17.02M 17.06M 17.00M
Cash Dividends to Common per Share		 $0.32 $0.32 $0.28

Quarterly Income Statements for SmartFinancial

This table shows SmartFinancial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders		 9.64 9.14 8.00 9.36 6.19 2.07 8.84 12 13 12
Consolidated Net Income / (Loss)		 9.64 9.14 8.00 9.36 6.19 2.07 8.84 12 13 12
Net Income / (Loss) Continuing Operations		 9.64 9.14 8.00 9.36 6.19 2.07 8.84 12 13 12
Total Pre-Tax Income 		12 11 10 12 7.83 2.39 11 15 17 15
Total Revenue		 47 44 40 40 39 32 39 43 45 43
Net Interest Income / (Expense)		 38 35 33 32 32 31 32 36 38 37
Total Interest Income		 66 64 61 60 57 55 52 53 47 42
Loans and Leases Interest Income		 58 55 51 50 49 48 45 45 40 35
Investment Securities Interest Income		 5.40 5.58 5.67 4.90 4.70 4.69 4.69 4.00 4.13 3.70
Other Interest Income		 2.74 3.64 4.76 4.86 4.03 3.05 1.96 4.45 3.10 3.47
Total Interest Expense		 28 29 28 28 26 24 21 17 9.70 5.59
Deposits Interest Expense		 27 27 27 27 25 23 20 16 8.84 4.87
Long-Term Debt Interest Expense		 0.88 1.57 1.03 1.03 1.05 0.84 0.97 0.85 0.86 0.72
Total Non-Interest Income		 9.03 9.14 7.60 8.38 7.58 0.69 7.13 6.93 7.13 6.25
Service Charges on Deposit Accounts		 1.78 1.78 1.69 1.61 1.67 1.74 1.66 1.45 1.48 1.61
Other Service Charges		 5.26 5.07 4.26 5.11 4.34 3.99 3.84 4.30 4.47 3.42
Investment Banking Income		 1.38 1.88 1.30 1.38 1.34 1.46 1.30 1.01 0.96 1.05
Other Non-Interest Income		 0.54 0.41 0.35 0.28 0.23 0.31 0.33 0.17 - -
Provision for Credit Losses		 2.14 2.58 0.88 -0.44 1.57 0.80 0.11 0.55 0.79 0.97
Total Non-Interest Expense		 32 31 29 29 30 29 27 28 27 27
Salaries and Employee Benefits		 20 18 17 17 16 17 16 17 16 16
Net Occupancy & Equipment Expense		 5.97 5.94 5.78 5.86 5.84 5.93 5.55 5.37 5.11 5.04
Marketing Expense		 0.40 0.33 0.30 0.30 0.34 0.35 0.31 0.36 0.31 0.29
Property & Liability Insurance Claims		 0.83 0.83 0.83 0.92 0.92 0.83 0.88 0.54 0.65 0.71
Other Operating Expenses		 4.75 4.70 4.44 4.22 5.69 3.88 4.06 3.86 4.32 4.14
Amortization Expense		 0.60 0.60 0.61 0.61 0.64 0.65 0.68 0.66 0.69 0.65
Income Tax Expense		 2.75 1.61 2.33 2.63 1.64 0.32 2.35 3.33 3.53 3.21
Basic Earnings per Share		 $0.57 $0.55 $0.48 $0.56 $0.36 $0.12 $0.53 $0.69 $0.78 $0.69
Weighted Average Basic Shares Outstanding		 16.77M 16.73M 16.77M 16.85M 16.81M 16.81M 16.81M 16.79M 16.74M 16.75M
Diluted Earnings per Share		 $0.57 $0.54 $0.48 $0.55 $0.37 $0.12 $0.52 $0.68 $0.77 $0.68
Weighted Average Diluted Shares Outstanding		 16.88M 16.84M 16.85M 16.93M 16.91M 16.92M 16.90M 16.90M 16.87M 16.87M
Weighted Average Basic & Diluted Shares Outstanding		 17.02M 16.93M 16.92M 17.06M 17.06M 16.99M 17.00M 17.00M 17.00M 16.89M

Annual Cash Flow Statements for SmartFinancial

This table details how cash moves in and out of SmartFinancial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Change in Cash & Equivalents		 35 86 -779
Net Cash From Operating Activities		 53 40 57
Net Cash From Continuing Operating Activities		 53 40 57
Net Income / (Loss) Continuing Operations		 36 29 43
Consolidated Net Income / (Loss)		 36 29 43
Provision For Loan Losses		 5.15 3.03 4.02
Depreciation Expense		 8.99 11 10
Amortization Expense		 2.43 2.62 0.45
Non-Cash Adjustments to Reconcile Net Income		 -3.03 4.93 1.94
Changes in Operating Assets and Liabilities, net		 3.02 -10 -2.67
Net Cash From Investing Activities		 -420 -135 -841
Net Cash From Continuing Investing Activities		 -420 -135 -841
Purchase of Property, Leasehold Improvements and Equipment		 -6.41 -6.27 -12
Purchase of Investment Securities		 -638 -345 -906
Sale of Property, Leasehold Improvements and Equipment		 4.70 0.68 1.46
Sale and/or Maturity of Investments		 220 215 81
Other Investing Activities, net		 0.00 0.00 -4.88
Net Cash From Financing Activities		 403 181 5.37
Net Cash From Continuing Financing Activities		 403 181 5.37
Net Change in Deposits		 419 191 56
Issuance of Debt		 160 26 31
Issuance of Common Equity		 0.07 0.17 0.40
Repayment of Debt		 -167 -31 -76
Repurchase of Common Equity		 -2.97 0.00 0.00
Payment of Dividends		 -5.42 -5.43 -4.72
Other Financing Activities, Net		 -1.05 0.25 -0.52
Cash Interest Paid		 114 85 21
Cash Income Taxes Paid		 8.77 9.35 12

Quarterly Cash Flow Statements for SmartFinancial

This table details how cash moves in and out of SmartFinancial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents		 195 -150 -135 126 -48 161 -68 41 -277 -112
Net Cash From Operating Activities		 17 12 17 7.08 12 6.68 9.98 11 15 13
Net Cash From Continuing Operating Activities		 17 12 17 7.08 12 6.68 9.98 11 15 13
Net Income / (Loss) Continuing Operations		 9.64 9.14 8.00 9.36 6.19 2.07 8.84 12 13 12
Consolidated Net Income / (Loss)		 9.64 9.14 8.00 9.36 6.19 2.07 8.84 12 13 12
Provision For Loan Losses		 2.14 2.58 0.88 -0.44 1.57 0.80 0.11 0.55 0.79 0.97
Depreciation Expense		 2.09 2.23 2.21 2.46 2.50 2.87 2.89 2.61 2.56 2.56
Amortization Expense		 0.60 0.60 0.61 0.61 0.64 0.65 0.68 0.66 -0.71 -0.11
Non-Cash Adjustments to Reconcile Net Income		 -0.87 -3.25 1.47 -0.38 -2.49 4.89 0.55 1.98 0.66 -1.50
Changes in Operating Assets and Liabilities, net		 3.09 1.10 3.37 -4.53 3.29 -4.59 -3.09 -5.95 -1.10 -0.29
Net Cash From Investing Activities		 -184 -161 -73 -3.02 -79 86 -46 -97 -111 -128
Net Cash From Continuing Investing Activities		 -184 -161 -73 -3.02 -79 86 -46 -97 -111 -128
Purchase of Property, Leasehold Improvements and Equipment		 -1.33 -1.06 -1.10 -2.91 -2.25 -0.96 -1.50 -1.56 -1.80 -3.33
Purchase of Investment Securities		 -211 -175 -136 -115 -102 -79 -58 -106 -156 -133
Sale and/or Maturity of Investments		 28 16 63 112 25 166 14 9.66 46 13
Net Cash From Financing Activities		 362 -1.79 -79 122 19 69 -32 126 -181 3.37
Net Cash From Continuing Financing Activities		 362 -1.71 -79 122 19 69 -32 126 -181 3.37
Net Change in Deposits		 364 5.85 -77 126 21 47 -30 152 -203 -1.13
Issuance of Debt		 5.10 151 - - 0.28 - - - 26 5.00
Repayment of Debt		 -6.10 -157 -2.00 -2.00 -0.28 22 -28 -25 -1.30 -
Payment of Dividends		 -1.35 -1.35 -1.35 -1.36 -1.36 -1.36 -1.36 -1.35 -1.18 -1.18
Other Financing Activities, Net		 0.03 -0.74 1.01 -1.36 -1.10 1.12 0.95 -0.73 -1.35 0.87
Cash Interest Paid		 28 28 28 29 25 24 19 17 8.73 6.36
Cash Income Taxes Paid		 2.05 2.43 4.29 0.01 -0.06 0.83 8.56 0.02 3.95 4.62

Annual Balance Sheets for SmartFinancial

This table presents SmartFinancial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 5,276 4,829 4,637
Cash and Due from Banks		 97 62 44
Federal Funds Sold		 14 57 15
Interest Bearing Deposits at Other Banks		 277 233 207
Trading Account Securities		 127 281 770
Loans and Leases, Net of Allowance		 3,869 3,409 3,230
Loans and Leases		 3,906 3,444 3,254
Allowance for Loan and Lease Losses		 37 35 23
Loans Held for Sale		 6.00 4.42 1.75
Premises and Equipment, Net		 91 93 93
Intangible Assets		 105 107 110
Other Assets		 691 582 167
Total Liabilities & Shareholders' Equity		 5,276 4,829 4,637
Total Liabilities		 4,784 4,370 4,205
Non-Interest Bearing Deposits		 966 898 1,072
Interest Bearing Deposits		 3,721 3,370 3,005
Long-Term Debt		 48 55 84
Other Long-Term Liabilities		 50 46 44
Total Equity & Noncontrolling Interests		 491 460 432
Total Preferred & Common Equity		 491 460 432
Total Common Equity		 491 460 432
Common Stock		 311 313 311
Retained Earnings		 204 173 157
Accumulated Other Comprehensive Income / (Loss)		 -24 -26 -35
Noncontrolling Interest		 0.11 0.00 -

Quarterly Balance Sheets for SmartFinancial

This table presents SmartFinancial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 4,909 4,891 4,955 4,797 4,746 4,770 4,797
Cash and Due from Banks		 65 60 48 63 38 342 46
Federal Funds Sold		 2.51 63 86 40 2.61 67 68
Interest Bearing Deposits at Other Banks		 125 220 344 298 199 205 428
Trading Account Securities		 629 630 655 667 824 845 807
Loans and Leases, Net of Allowance		 3,682 3,539 3,443 3,345 3,305 3,250 3,076
Loans and Leases		 3,717 3,574 3,478 3,379 3,338 3,282 3,099
Allowance for Loan and Lease Losses		 36 35 34 34 33 32 23
Loans Held for Sale		 5.80 3.10 4.86 2.73 0.99 - 2.74
Premises and Equipment, Net		 91 91 93 92 92 92 92
Intangible Assets		 105 106 107 108 108 109 110
Other Assets		 203 179 175 182 176 148 166
Total Liabilities & Shareholders' Equity		 4,909 4,891 4,955 4,797 4,746 4,770 4,797
Total Liabilities		 4,420 4,419 4,488 4,351 4,301 3,320 4,382
Non-Interest Bearing Deposits		 864 903 907 924 1,003 990 1,186
Interest Bearing Deposits		 3,459 3,413 3,487 3,323 3,196 2,250 3,094
Long-Term Debt		 49 55 52 56 58 42 60
Other Long-Term Liabilities		 49 47 42 48 44 38 41
Commitments & Contingencies		 0.00 0.00 - - - - -
Total Equity & Noncontrolling Interests		 489 472 467 447 445 443 415
Total Preferred & Common Equity		 489 472 467 447 445 443 415
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 489 472 467 447 445 443 415
Common Stock		 311 311 313 313 312 312 311
Retained Earnings		 196 188 181 168 168 160 145
Accumulated Other Comprehensive Income / (Loss)		 -17 -26 -27 -34 -35 -29 -41

Annual Metrics And Ratios for SmartFinancial

This table displays calculated financial ratios and metrics derived from SmartFinancial's official financial filings.

Metric 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 12.53% -7.75% 20.29%
EBITDA Growth		 14.38% -23.96% 22.64%
EBIT Growth		 25.49% -34.02% 23.89%
NOPAT Growth		 26.40% -33.54% 23.66%
Net Income Growth		 26.40% -33.54% 23.66%
EPS Growth		 26.63% -33.73% 14.86%
Operating Cash Flow Growth		 32.69% -30.07% 22.98%
Free Cash Flow Firm Growth		 -60.06% -96.97% 204.15%
Invested Capital Growth		 4.70% -0.24% -64.59%
Revenue Q/Q Growth		 4.71% -3.57% 5.14%
EBITDA Q/Q Growth		 7.78% -12.98% 2.55%
EBIT Q/Q Growth		 11.14% -19.37% 17.34%
NOPAT Q/Q Growth		 10.55% -19.25% 17.31%
Net Income Q/Q Growth		 10.55% -19.25% 17.31%
EPS Q/Q Growth		 10.31% -19.14% 18.06%
Operating Cash Flow Q/Q Growth		 10.43% -8.11% 34.54%
Free Cash Flow Firm Q/Q Growth		 655.90% 288.31% 742.27%
Invested Capital Q/Q Growth		 0.30% 2.43% 8.67%
Profitability Metrics		 - - -
EBITDA Margin		 33.16% 32.63% 39.58%
EBIT Margin		 26.51% 23.77% 33.23%
Profit (Net Income) Margin		 21.07% 18.76% 26.04%
Tax Burden Percent		 79.50% 78.93% 78.35%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 20.50% 21.07% 21.65%
Return on Invested Capital (ROIC)		 6.86% 5.54% 4.36%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.86% 5.54% 4.36%
Return on Net Nonoperating Assets (RNNOA)		 0.74% 0.86% 5.63%
Return on Equity (ROE)		 7.60% 6.41% 9.98%
Cash Return on Invested Capital (CROIC)		 2.26% 5.79% 99.76%
Operating Return on Assets (OROA)		 0.90% 0.77% 1.19%
Return on Assets (ROA)		 0.72% 0.60% 0.93%
Return on Common Equity (ROCE)		 7.60% 6.41% 9.98%
Return on Equity Simple (ROE_SIMPLE)		 7.36% 6.22% 9.95%
Net Operating Profit after Tax (NOPAT)		 36 29 43
NOPAT Margin		 21.07% 18.76% 26.04%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 56.54% 58.91% 50.86%
Operating Expenses to Revenue		 70.49% 74.24% 64.33%
Earnings before Interest and Taxes (EBIT)		 45 36 55
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 57 50 65
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.06 0.89 1.04
Price to Tangible Book Value (P/TBV)		 1.35 1.16 1.40
Price to Revenue (P/Rev)		 3.05 2.69 2.73
Price to Earnings (P/E)		 14.48 14.35 10.49
Dividend Yield		 1.04% 1.33% 1.31%
Earnings Yield		 6.91% 6.97% 9.53%
Enterprise Value to Invested Capital (EV/IC)		 0.34 0.22 0.52
Enterprise Value to Revenue (EV/Rev)		 1.07 0.74 1.63
Enterprise Value to EBITDA (EV/EBITDA)		 3.23 2.28 4.11
Enterprise Value to EBIT (EV/EBIT)		 4.04 3.12 4.90
Enterprise Value to NOPAT (EV/NOPAT)		 5.08 3.96 6.25
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.48 2.85 4.73
Enterprise Value to Free Cash Flow (EV/FCFF)		 15.39 3.79 0.27
Leverage & Solvency		 - - -
Debt to Equity		 0.10 0.12 0.19
Long-Term Debt to Equity		 0.10 0.12 0.19
Financial Leverage		 0.11 0.16 1.29
Leverage Ratio		 10.62 10.61 10.73
Compound Leverage Factor		 10.62 10.61 10.73
Debt to Total Capital		 8.87% 10.71% 16.24%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 8.87% 10.71% 16.24%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.02% 0.00% 0.00%
Common Equity to Total Capital		 91.11% 89.29% 83.76%
Debt to EBITDA		 0.84 1.11 1.28
Net Debt to EBITDA		 -5.97 -5.97 -2.79
Long-Term Debt to EBITDA		 0.84 1.11 1.28
Debt to NOPAT		 1.32 1.93 1.95
Net Debt to NOPAT		 -9.40 -10.39 -4.24
Long-Term Debt to NOPAT		 1.32 1.93 1.95
Noncontrolling Interest Sharing Ratio		 0.01% 0.00% 0.00%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 12 30 985
Operating Cash Flow to CapEx		 3,087.29% 710.74% 515.04%
Free Cash Flow to Firm to Interest Expense		 0.10 0.34 46.16
Operating Cash Flow to Interest Expense		 0.46 0.45 2.66
Operating Cash Flow Less CapEx to Interest Expense		 0.45 0.39 2.15
Efficiency Ratios		 - - -
Asset Turnover		 0.03 0.03 0.04
Fixed Asset Turnover		 1.86 1.64 1.85
Capital & Investment Metrics		 - - -
Invested Capital		 539 515 516
Invested Capital Turnover		 0.33 0.30 0.17
Increase / (Decrease) in Invested Capital		 24 -1.26 -942
Enterprise Value (EV)		 184 113 269
Market Capitalization		 523 410 451
Book Value per Share		 $29.03 $27.06 $25.61
Tangible Book Value per Share		 $22.84 $20.76 $19.11
Total Capital		 539 515 516
Total Debt		 48 55 84
Total Long-Term Debt		 48 55 84
Net Debt		 -340 -297 -183
Capital Expenditures (CapEx)		 1.71 5.59 11
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 48 55 84
Total Depreciation and Amortization (D&A)		 11 13 10
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $2.16 $1.70 $2.57
Adjusted Weighted Average Basic Shares Outstanding		 16.77M 16.81M 16.74M
Adjusted Diluted Earnings per Share		 $2.14 $1.69 $2.55
Adjusted Weighted Average Diluted Shares Outstanding		 16.88M 16.91M 16.87M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 17.02M 17.06M 17.00M
Normalized Net Operating Profit after Tax (NOPAT)		 36 29 43
Normalized NOPAT Margin		 21.07% 18.82% 26.31%
Pre Tax Income Margin		 26.51% 23.77% 33.23%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.40 0.41 2.57
NOPAT to Interest Expense		 0.32 0.33 2.02
EBIT Less CapEx to Interest Expense		 0.38 0.35 2.06
NOPAT Less CapEx to Interest Expense		 0.30 0.26 1.50
Payout Ratios		 - - -
Dividend Payout Ratio		 15.00% 18.98% 10.98%
Augmented Payout Ratio		 23.21% 18.98% 10.98%

Quarterly Metrics And Ratios for SmartFinancial

This table displays calculated financial ratios and metrics derived from SmartFinancial's official financial filings.

Metric Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 19.74% 39.35% 4.43% -6.54% -12.61% -26.21% -3.94% 15.25% 22.03% 17.08%
EBITDA Growth		 37.39% 130.26% -10.82% -16.80% -40.32% -65.70% -9.40% 33.79% 9.68% 41.53%
EBIT Growth		 58.20% 350.54% -7.58% -19.15% -52.64% -83.83% -14.74% 41.15% 96.41% 20.61%
NOPAT Growth		 55.74% 342.19% -9.43% -18.63% -52.40% -82.09% -13.50% 39.24% 95.39% 20.24%
Net Income Growth		 55.74% 342.19% -9.43% -18.63% -52.40% -82.09% -13.50% 39.24% 95.39% 20.24%
EPS Growth		 54.05% 350.00% -7.69% -19.12% -51.95% -82.35% -14.75% 38.78% 102.63% 11.48%
Operating Cash Flow Growth		 42.51% 85.58% 65.84% -37.68% -23.04% -49.29% -43.69% 6.17% 2,310.78% -8.32%
Free Cash Flow Firm Growth		 -295.56% -0.17% 9.02% 200.08% -99.22% -127.95% -169.25% -22,303.83% 198.05% -43.59%
Invested Capital Growth		 4.70% 6.93% 4.96% -65.22% -0.24% 5.83% 5.78% 199.12% -64.59% -14.45%
Revenue Q/Q Growth		 5.98% 9.29% 0.79% 2.57% 23.34% -18.11% -9.79% -4.09% 4.14% 6.62%
EBITDA Q/Q Growth		 11.01% 3.27% -12.66% 37.22% 86.05% -60.00% -18.52% -1.57% 6.93% 5.64%
EBIT Q/Q Growth		 15.23% 4.03% -13.80% 53.10% 228.16% -78.66% -24.59% -10.32% 12.06% 12.50%
NOPAT Q/Q Growth		 5.47% 14.21% -14.48% 51.18% 199.47% -76.61% -23.17% -11.57% 12.67% 13.00%
Net Income Q/Q Growth		 5.47% 14.21% -14.48% 51.18% 199.47% -76.61% -23.17% -11.57% 12.67% 13.00%
EPS Q/Q Growth		 5.56% 12.50% -12.73% 48.65% 208.33% -76.92% -23.53% -11.69% 13.24% 11.48%
Operating Cash Flow Q/Q Growth		 34.58% -25.06% 133.79% -39.56% 75.25% -33.03% -12.15% -25.36% 15.47% -25.63%
Free Cash Flow Firm Q/Q Growth		 43.27% -51.72% -101.72% 13,078.32% 129.06% -37.80% 98.10% -202.80% 940.16% 241.48%
Invested Capital Q/Q Growth		 0.30% 1.96% 1.65% 0.72% 2.43% 0.09% -66.32% 188.91% 8.67% 0.04%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 32.21% 30.75% 32.54% 37.56% 28.07% 18.61% 38.11% 42.19% 41.10% 40.03%
EBIT Margin		 26.46% 24.34% 25.57% 29.89% 20.03% 7.53% 28.89% 34.56% 36.96% 34.35%
Profit (Net Income) Margin		 20.59% 20.69% 19.80% 23.34% 15.83% 6.52% 22.83% 26.80% 29.07% 26.87%
Tax Burden Percent		 77.82% 85.02% 77.44% 78.06% 79.05% 86.63% 79.02% 77.56% 78.66% 78.24%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 22.18% 14.98% 22.56% 21.94% 20.95% 13.37% 20.98% 22.44% 21.34% 21.76%
Return on Invested Capital (ROIC)		 6.70% 6.51% 5.82% 3.47% 4.68% 2.11% 7.91% 4.60% 4.86% 8.19%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.70% 6.51% 5.82% 3.47% 4.68% 2.11% 7.91% 4.60% 4.86% 8.19%
Return on Net Nonoperating Assets (RNNOA)		 0.73% 0.73% 0.71% 4.20% 0.73% 0.29% 1.02% 6.01% 6.28% 1.87%
Return on Equity (ROE)		 7.42% 7.24% 6.53% 7.67% 5.41% 2.39% 8.93% 10.61% 11.14% 10.06%
Cash Return on Invested Capital (CROIC)		 2.26% -0.41% 0.13% 99.42% 5.79% 1.57% 3.57% -95.13% 99.76% 22.69%
Operating Return on Assets (OROA)		 0.90% 0.82% 0.80% 0.92% 0.64% 0.25% 1.03% 1.24% 1.32% 1.18%
Return on Assets (ROA)		 0.70% 0.70% 0.62% 0.72% 0.51% 0.21% 0.81% 0.97% 1.04% 0.92%
Return on Common Equity (ROCE)		 7.42% 7.24% 6.53% 7.67% 5.41% 2.39% 8.93% 10.61% 11.14% 10.06%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 6.69% 5.42% 5.67% 0.00% 7.93% 10.09% 10.43% 0.00% 8.84%
Net Operating Profit after Tax (NOPAT)		 9.64 9.14 8.00 9.36 6.19 2.07 8.84 12 13 12
NOPAT Margin		 20.59% 20.69% 19.80% 23.34% 15.83% 6.52% 22.83% 26.80% 29.07% 26.87%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 55.79% 55.96% 57.73% 56.86% 57.42% 72.74% 56.34% 52.36% 48.74% 50.38%
Operating Expenses to Revenue		 68.98% 69.83% 72.25% 71.20% 75.95% 89.96% 70.82% 64.16% 61.28% 63.39%
Earnings before Interest and Taxes (EBIT)		 12 11 10 12 7.83 2.39 11 15 17 15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 15 14 13 15 11 5.90 15 18 18 17
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 1.06 1.01 0.85 0.76 0.89 0.80 0.81 0.87 1.04 0.98
Price to Tangible Book Value (P/TBV)		 1.35 1.28 1.10 0.99 1.16 1.06 1.07 1.15 1.40 1.33
Price to Revenue (P/Rev)		 3.05 3.00 2.66 2.39 2.69 2.26 2.12 2.25 2.73 2.58
Price to Earnings (P/E)		 14.48 15.05 15.72 13.50 14.35 10.10 8.01 8.33 10.49 11.06
Dividend Yield		 1.04% 1.10% 1.36% 1.91% 1.33% 1.81% 1.75% 1.59% 1.31% 1.12%
Earnings Yield		 6.91% 6.64% 6.36% 7.41% 6.97% 9.90% 12.48% 12.01% 9.53% 9.04%
Enterprise Value to Invested Capital (EV/IC)		 0.34 0.65 0.22 0.00 0.22 0.03 0.35 0.00 0.52 0.00
Enterprise Value to Revenue (EV/Rev)		 1.07 2.12 0.76 0.00 0.74 0.09 1.05 0.00 1.63 0.00
Enterprise Value to EBITDA (EV/EBITDA)		 3.23 6.59 2.54 0.00 2.28 0.24 2.60 0.00 4.11 0.00
Enterprise Value to EBIT (EV/EBIT)		 4.04 8.50 3.53 0.00 3.12 0.30 3.11 0.00 4.90 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 5.08 10.64 4.48 0.00 3.96 0.38 3.97 0.00 6.25 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 3.48 7.29 2.73 0.00 2.85 0.31 3.59 0.00 4.73 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 15.39 0.00 168.95 0.00 3.79 1.76 10.22 0.00 0.27 0.00
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.10 0.10 0.12 0.11 0.12 0.13 0.13 0.09 0.19 0.15
Long-Term Debt to Equity		 0.10 0.10 0.12 0.11 0.12 0.13 0.13 0.09 0.19 0.15
Financial Leverage		 0.11 0.11 0.12 1.21 0.16 0.14 0.13 1.31 1.29 0.23
Leverage Ratio		 10.62 10.37 10.51 10.68 10.61 11.14 11.02 10.99 10.73 10.94
Compound Leverage Factor		 10.62 10.37 10.51 10.68 10.61 11.14 11.02 10.99 10.73 10.94
Debt to Total Capital		 8.87% 9.05% 10.41% 10.02% 10.71% 11.18% 11.46% 8.66% 16.24% 12.72%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 8.87% 9.05% 10.41% 10.02% 10.71% 11.18% 11.46% 8.66% 16.24% 12.72%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.02% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 91.11% 90.95% 89.59% 89.98% 89.29% 88.82% 88.54% 91.34% 83.76% 87.28%
Debt to EBITDA		 0.84 0.92 1.22 1.11 1.11 0.98 0.84 0.60 1.28 0.95
Net Debt to EBITDA		 -5.97 -2.73 -6.39 -9.12 -5.97 -6.02 -2.65 -8.17 -2.79 -7.57
Long-Term Debt to EBITDA		 0.84 0.92 1.22 1.11 1.11 0.98 0.84 0.60 1.28 0.95
Debt to NOPAT		 1.32 1.49 2.14 1.96 1.93 1.59 1.28 0.91 1.95 1.65
Net Debt to NOPAT		 -9.40 -4.41 -11.24 -16.10 -10.39 -9.72 -4.04 -12.36 -4.24 -13.16
Long-Term Debt to NOPAT		 1.32 1.49 2.14 1.96 1.93 1.59 1.28 0.91 1.95 1.65
Noncontrolling Interest Sharing Ratio		 0.01% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -15 -26 -17 982 7.45 -26 -19 -982 955 92
Operating Cash Flow to CapEx		 1,251.61% 1,175.07% 0.00% 0.00% 530.93% 705.39% 665.89% 1,210.45% 846.52% 418.22%
Free Cash Flow to Firm to Interest Expense		 -0.51 -0.89 -0.59 35.01 0.29 -1.06 -0.91 -57.08 98.43 16.42
Operating Cash Flow to Interest Expense		 0.59 0.43 0.58 0.25 0.45 0.28 0.49 0.66 1.57 2.36
Operating Cash Flow Less CapEx to Interest Expense		 0.54 0.39 0.59 0.26 0.37 0.24 0.41 0.61 1.38 1.79
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.03
Fixed Asset Turnover		 1.86 1.79 1.65 1.62 1.64 1.72 1.86 1.93 1.85 1.77
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 539 538 527 519 515 503 502 1,492 516 475
Invested Capital Turnover		 0.33 0.31 0.29 0.15 0.30 0.32 0.35 0.17 0.17 0.31
Increase / (Decrease) in Invested Capital		 24 35 25 -973 -1.26 28 27 993 -942 -80
Enterprise Value (EV)		 184 348 115 -69 113 14 178 -187 269 -77
Market Capitalization		 523 492 403 357 410 358 360 385 451 406
Book Value per Share		 $29.03 $28.90 $27.69 $27.37 $27.06 $26.27 $26.16 $26.09 $25.61 $24.54
Tangible Book Value per Share		 $22.84 $22.67 $21.48 $21.12 $20.76 $19.93 $19.78 $19.67 $19.11 $18.00
Total Capital		 539 538 527 519 515 503 502 485 516 475
Total Debt		 48 49 55 52 55 56 58 42 84 60
Total Long-Term Debt		 48 49 55 52 55 56 58 42 84 60
Net Debt		 -340 -144 -288 -426 -297 -344 -181 -572 -183 -483
Capital Expenditures (CapEx)		 1.33 1.06 -0.35 -0.33 2.21 0.95 1.50 0.94 1.80 3.15
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 48 49 55 52 55 56 58 1,048 84 60
Total Depreciation and Amortization (D&A)		 2.69 2.83 2.82 3.07 3.15 3.51 3.57 3.27 1.86 2.44
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.57 $0.55 $0.48 $0.56 $0.36 $0.12 $0.53 $0.69 $0.78 $0.69
Adjusted Weighted Average Basic Shares Outstanding		 16.77M 16.73M 16.77M 16.85M 16.81M 16.81M 16.81M 16.79M 16.74M 16.75M
Adjusted Diluted Earnings per Share		 $0.57 $0.54 $0.48 $0.55 $0.37 $0.12 $0.52 $0.68 $0.77 $0.68
Adjusted Weighted Average Diluted Shares Outstanding		 16.88M 16.84M 16.85M 16.93M 16.91M 16.92M 16.90M 16.90M 16.87M 16.87M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 17.02M 16.93M 16.92M 17.06M 17.06M 16.99M 17.00M 17.00M 17.00M 16.89M
Normalized Net Operating Profit after Tax (NOPAT)		 9.64 9.14 8.00 9.36 6.19 2.16 8.84 12 13 12
Normalized NOPAT Margin		 20.59% 20.69% 19.80% 23.34% 15.83% 6.82% 22.83% 26.80% 28.99% 27.03%
Pre Tax Income Margin		 26.46% 24.34% 25.57% 29.89% 20.03% 7.53% 28.89% 34.56% 36.96% 34.35%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 0.44 0.37 0.36 0.43 0.30 0.10 0.55 0.86 1.70 2.64
NOPAT to Interest Expense		 0.34 0.32 0.28 0.33 0.24 0.09 0.43 0.67 1.34 2.07
EBIT Less CapEx to Interest Expense		 0.39 0.34 0.38 0.44 0.22 0.06 0.47 0.81 1.52 2.08
NOPAT Less CapEx to Interest Expense		 0.29 0.28 0.29 0.35 0.15 0.05 0.36 0.61 1.16 1.50
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 15.00% 16.59% 21.20% 20.54% 18.98% 14.84% 11.31% 10.59% 10.98% 12.41%
Augmented Payout Ratio		 23.21% 25.67% 32.78% 20.54% 18.98% 15.02% 11.31% 10.59% 10.98% 12.24%

Frequently Asked Questions About SmartFinancial's Financials

When does SmartFinancial's financial year end?

According to the most recent income statement we have on file, SmartFinancial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has SmartFinancial's net income changed over the last 2 years?

SmartFinancial's net income appears to be on a downward trend, with a most recent value of $36.14 million in 2024, falling from $43.02 million in 2022. The previous period was $28.59 million in 2023. Check out SmartFinancial's forecast to explore projected trends and price targets.

How has SmartFinancial revenue changed over the last 2 years?

Over the last 2 years, SmartFinancial's total revenue changed from $165.22 million in 2022 to $171.50 million in 2024, a change of 3.8%.

How much debt does SmartFinancial have?

SmartFinancial's total liabilities were at $4.78 billion at the end of 2024, a 9.5% increase from 2023, and a 13.8% increase since 2022.

How much cash does SmartFinancial have?

In the past 2 years, SmartFinancial's cash and equivalents has ranged from $44.27 million in 2022 to $96.51 million in 2024, and is currently $96.51 million as of their latest financial filing in 2024.

How has SmartFinancial's book value per share changed over the last 2 years?

Over the last 2 years, SmartFinancial's book value per share changed from 25.61 in 2022 to 29.03 in 2024, a change of 13.4%.


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This page (NASDAQ:SMBK) was last updated on 5/29/2025 by MarketBeat.com Staff
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