SmartFinancial (SMBK) Financials

$47.74 -0.41 (-0.85%)

Closing price 07/20/2026 03:59 PM Eastern

Extended Trading

$47.43 -0.31 (-0.65%)

As of 06:27 AM Eastern

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	1.39	4.78	4.82	18	27	24	35	43	29	36	50
Consolidated Net Income / (Loss)	1.51	5.80	5.02	18	27	24	35	43	29	36	50
Net Income / (Loss) Continuing Operations	1.51	5.80	5.01	18	27	24	35	43	29	36	50
Total Pre-Tax Income	3.15	9.16	11	21	33	31	44	55	36	45	62
Total Revenue	27	42	51	83	99	116	137	165	152	172	200
Net Interest Income / (Expense)	25	38	46	77	84	101	113	138	130	137	166
Total Interest Income	28	43	52	92	108	118	125	159	218	251	286
Loans and Leases Interest Income	26	40	49	86	101	112	119	136	186	214	249
Investment Securities Interest Income	1.86	2.55	2.86	4.10	4.81	3.79	5.03	14	18	22	22
Other Interest Income	0.16	0.25	0.35	1.64	2.65	1.51	1.62	8.49	13	16	15
Total Interest Expense	2.76	4.30	5.69	16	25	17	12	21	88	114	120
Deposits Interest Expense	2.63	4.11	5.52	14	22	14	8.85	18	84	109	115
Long-Term Debt Interest Expense	-	-	0.11	0.60	2.66	3.15	2.99	3.11	3.70	4.51	5.12
Total Non-Interest Income	2.24	4.18	5.03	6.58	15	15	24	28	22	34	34
Service Charges on Deposit Accounts	-	-	-	-	2.90	3.40	4.65	5.85	6.51	6.86	7.16
Other Service Charges	2.04	2.84	3.61	5.15	9.87	6.58	13	16	16	20	18
Net Realized & Unrealized Capital Gains on Investments	0.21	1.34	1.42	1.43	1.60	3.88	4.09	0.14	-6.80	0.06	0.24
Investment Banking Income	-	-	-	-	0.95	1.57	2.17	4.14	5.11	5.95	6.58
Other Non-Interest Income	-	-	-	-	-	-	-	1.55	1.04	1.58	2.67
Provision for Credit Losses	0.92	0.79	0.78	2.94	2.60	8.68	1.63	4.02	3.03	5.15	7.75
Total Non-Interest Expense	23	32	39	59	63	77	91	106	113	121	131
Salaries and Employee Benefits	12	18	21	31	37	43	52	63	66	72	78
Net Occupancy & Equipment Expense	3.88	5.89	6.15	8.21	8.71	13	17	19	23	24	24
Marketing Expense	0.45	0.62	0.64	0.87	0.98	0.83	0.83	1.29	1.34	1.32	1.62
Property & Liability Insurance Claims	0.49	0.61	0.47	0.79	0.14	1.19	1.83	2.67	3.16	3.39	4.00
Other Operating Expenses	6.28	7.37	8.37	14	12	13	15	16	17	18	20
Amortization Expense	0.23	0.31	0.35	0.98	1.37	1.74	2.26	2.61	2.62	2.43	2.15
Restructuring Charge	-	0.00	2.42	3.78	3.22	4.57	3.70	0.56	0.11	0.00	1.33
Income Tax Expense	1.64	3.36	6.43	3.23	6.90	6.56	9.53	12	7.63	9.32	11
Basic Earnings per Share	$0.35	$0.82	$0.56	$1.46	$1.90	$1.63	$2.23	$2.57	$1.70	$2.16	$3.00
Weighted Average Basic Shares Outstanding	3.99M	5.84M	8.64M	12.42M	13.95M	14.96M	15.57M	16.74M	16.81M	16.77M	16.78M
Diluted Earnings per Share	$0.32	$0.78	$0.55	$1.45	$1.89	$1.62	$2.22	$2.55	$1.69	$2.14	$2.98
Weighted Average Diluted Shares Outstanding	4.28M	6.12M	8.79M	12.52M	14.05M	15.02M	15.70M	16.87M	16.91M	16.88M	16.90M
Weighted Average Basic & Diluted Shares Outstanding	5.81M	8.21M	11.23M	13.95M	15.34M	15.11M	16.89M	17.00M	17.06M	17.02M	17.10M
Cash Dividends to Common per Share	-	-	-	-	$0.05	$0.20	$0.24	$0.28	$0.32	$0.32	$0.32

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	2.07	6.19	9.36	8.00	9.14	9.64	11	12	14	14	14
Consolidated Net Income / (Loss)	2.07	6.19	9.36	8.00	9.14	9.64	11	12	14	14	14
Net Income / (Loss) Continuing Operations	2.07	6.19	9.36	8.00	9.14	9.64	11	12	14	14	14
Total Pre-Tax Income	2.39	7.83	12	10	11	12	14	14	17	17	17
Total Revenue	32	39	40	40	44	47	47	49	51	53	54
Net Interest Income / (Expense)	31	32	32	33	35	38	38	40	42	45	46
Total Interest Income	55	57	60	61	64	66	66	69	75	76	74
Loans and Leases Interest Income	48	49	50	51	55	58	58	61	64	66	66
Investment Securities Interest Income	4.69	4.70	4.90	5.67	5.58	5.40	5.13	5.24	5.32	6.20	6.05
Other Interest Income	3.05	4.03	4.86	4.76	3.64	2.74	3.49	3.16	4.92	3.85	2.59
Total Interest Expense	24	26	28	28	29	28	28	29	32	31	28
Deposits Interest Expense	23	25	27	27	27	27	27	28	30	29	27
Long-Term Debt Interest Expense	0.84	1.05	1.03	1.03	1.57	0.88	0.80	0.81	1.62	1.89	1.87
Total Non-Interest Income	0.69	7.58	8.38	7.60	9.14	9.03	8.60	8.90	8.64	8.22	7.94
Service Charges on Deposit Accounts	1.74	1.67	1.61	1.69	1.78	1.78	1.74	1.77	1.83	1.83	1.85
Other Service Charges	3.99	4.34	5.11	4.26	5.07	5.26	4.60	5.06	4.17	3.87	3.53
Net Realized & Unrealized Capital Gains on Investments	-6.80	-	-	0.00	0.00	-	0.00	-0.00	0.24	-	0.00
Investment Banking Income	1.46	1.34	1.38	1.30	1.88	1.38	1.77	1.44	1.69	1.68	1.80
Other Non-Interest Income	0.31	0.23	0.28	0.35	0.41	0.54	0.49	0.63	0.71	0.84	0.76
Provision for Credit Losses	0.80	1.57	-0.44	0.88	2.58	2.14	0.98	2.41	0.23	4.13	4.14
Total Non-Interest Expense	29	30	29	29	31	32	32	33	34	32	33
Salaries and Employee Benefits	17	16	17	17	18	20	19	20	20	20	20
Net Occupancy & Equipment Expense	5.93	5.84	5.86	5.78	5.94	5.97	6.05	6.08	6.06	5.80	5.78
Marketing Expense	0.35	0.34	0.30	0.30	0.33	0.40	0.38	0.39	0.45	0.39	0.39
Property & Liability Insurance Claims	0.83	0.92	0.92	0.83	0.83	0.83	0.96	0.99	1.03	1.03	0.75
Other Operating Expenses	3.88	5.69	4.22	4.44	4.70	4.75	5.10	4.94	4.94	4.84	5.13
Amortization Expense	0.65	0.64	0.61	0.61	0.60	0.60	0.57	0.57	0.54	0.48	0.46
Income Tax Expense	0.32	1.64	2.63	2.33	1.61	2.75	2.31	2.56	3.29	3.01	3.08
Basic Earnings per Share	$0.12	$0.36	$0.56	$0.48	$0.55	$0.57	$0.67	$0.70	$0.82	$0.81	$0.81
Weighted Average Basic Shares Outstanding	16.81M	16.81M	16.85M	16.77M	16.73M	16.77M	16.77M	16.78M	16.78M	16.78M	16.82M
Diluted Earnings per Share	$0.12	$0.37	$0.55	$0.48	$0.54	$0.57	$0.67	$0.69	$0.81	$0.81	$0.81
Weighted Average Diluted Shares Outstanding	16.92M	16.91M	16.93M	16.85M	16.84M	16.88M	16.87M	16.88M	16.91M	16.90M	16.94M
Weighted Average Basic & Diluted Shares Outstanding	16.99M	17.06M	17.06M	16.92M	16.93M	17.02M	17.02M	17.02M	17.03M	17.10M	17.10M
Cash Dividends to Common per Share	$0.08	-	$0.08	$0.08	$0.08	-	$0.08	$0.08	$0.08	-	$0.08

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	33	-11	44	2.80	68	298	563	-779	86	35	77
Net Cash From Operating Activities	2.34	12	1.24	21	30	29	46	57	40	53	62
Net Cash From Continuing Operating Activities	2.34	12	1.24	21	30	29	46	57	40	53	62
Net Income / (Loss) Continuing Operations	1.51	5.80	5.02	18	27	24	35	43	29	36	50
Consolidated Net Income / (Loss)	1.51	5.80	5.02	18	27	24	35	43	29	36	50
Provision For Loan Losses	0.92	0.79	0.78	2.94	2.60	8.68	1.63	4.02	3.03	5.15	7.75
Depreciation Expense	1.09	2.19	-1.69	3.29	4.30	6.02	6.75	10	11	8.99	7.59
Amortization Expense	-	-	-	-7.01	-5.71	1.74	2.26	0.45	2.62	2.43	2.15
Non-Cash Adjustments to Reconcile Net Income	-0.07	-1.21	0.12	5.17	-3.17	-12	1.37	1.94	4.93	-3.03	-6.60
Changes in Operating Assets and Liabilities, net	-1.11	4.02	-2.98	-1.67	5.30	-0.12	-0.61	-2.67	-10	3.02	0.49
Net Cash From Investing Activities	-7.94	-54	-51	-95	-95	-259	-265	-841	-135	-420	-499
Net Cash From Continuing Investing Activities	-7.94	-54	-51	-95	-95	-259	-265	-841	-135	-420	-499
Purchase of Property, Leasehold Improvements and Equipment	-1.08	-6.99	-2.80	-3.85	-6.27	-5.44	-2.38	-12	-6.27	-6.41	-2.39
Purchase of Investment Securities	-73	-106	-131	-194	-136	-389	-515	-906	-345	-638	-686
Sale of Property, Leasehold Improvements and Equipment	5.53	1.28	-	-	-	0.00	0.00	1.46	0.68	4.70	0.12
Sale and/or Maturity of Investments	27	57	83	98	48	89	237	81	215	220	189
Net Cash From Financing Activities	39	32	94	77	133	528	782	5.37	181	403	514
Net Cash From Continuing Financing Activities	39	32	94	77	133	528	782	5.37	181	403	514
Net Change in Deposits	54	49	50	95	125	485	781	56	191	419	466
Issuance of Debt	-	-	0.00	39	154	340	8.20	31	26	160	101
Issuance of Common Equity	4.04	0.80	38	1.53	0.44	0.34	0.20	0.40	0.17	0.07	0.15
Repayment of Debt	-	-	-	-	-139	-290	-1.10	-76	-31	-167	-47
Repurchase of Common Equity	-	-	-	-	0.00	-4.31	-1.21	0.00	0.00	-2.97	0.00
Payment of Dividends	-0.12	-0.75	-0.20	0.00	-0.70	-2.99	-3.73	-4.72	-5.43	-5.42	-5.45
Other Financing Activities, Net	-19	-17	18	-59	-5.57	-0.38	-1.51	-0.52	0.30	-0.83	-1.43
Cash Interest Paid	2.61	4.31	5.40	15	24	17	12	21	85	114	116
Cash Income Taxes Paid	1.98	3.75	3.53	0.86	6.77	8.61	9.28	12	9.35	8.77	12

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	161	-48	126	-135	-150	195	35	-58	192	-93	-118
Net Cash From Operating Activities	6.68	12	7.08	17	12	17	14	14	17	17	16
Net Cash From Continuing Operating Activities	6.68	12	7.08	17	12	17	14	14	17	17	16
Net Income / (Loss) Continuing Operations	2.07	6.19	9.36	8.00	9.14	9.64	11	12	14	14	14
Consolidated Net Income / (Loss)	2.07	6.19	9.36	8.00	9.14	9.64	11	12	14	14	14
Provision For Loan Losses	0.80	1.57	-0.44	0.88	2.58	2.14	0.98	2.41	0.23	4.13	4.14
Depreciation Expense	2.87	2.50	2.46	2.21	2.23	2.09	2.17	2.15	1.96	1.31	1.30
Amortization Expense	0.65	0.64	0.61	0.61	0.60	0.60	0.57	0.57	0.54	0.48	0.46
Non-Cash Adjustments to Reconcile Net Income	4.89	-2.49	-0.38	1.47	-3.25	-0.87	3.12	-2.82	-5.00	-1.90	4.11
Changes in Operating Assets and Liabilities, net	-4.59	3.29	-4.53	3.37	1.10	3.09	-3.81	0.01	5.48	-1.20	-7.32
Net Cash From Investing Activities	86	-79	-3.02	-73	-161	-184	-99	-133	-95	-171	-177
Net Cash From Continuing Investing Activities	86	-79	-3.02	-73	-161	-184	-99	-133	-95	-171	-177
Purchase of Property, Leasehold Improvements and Equipment	-0.96	-2.25	-2.91	-1.10	-1.06	-1.33	-0.93	-0.78	-0.33	-0.35	-6.20
Purchase of Investment Securities	-79	-102	-115	-136	-175	-211	-112	-149	-236	-190	-199
Sale of Property, Leasehold Improvements and Equipment	0.01	0.05	3.25	1.45	-	-	0.02	0.05	0.06	-	0.00
Sale and/or Maturity of Investments	166	25	112	63	16	28	13	16	141	18	29
Net Cash From Financing Activities	69	19	122	-79	-1.79	362	120	61	270	62	42
Net Cash From Continuing Financing Activities	69	19	122	-79	-1.71	362	120	62	270	62	42
Net Change in Deposits	47	21	126	-77	5.85	364	122	63	179	102	43
Issuance of Common Equity	-	-	0.04	-	0.03	-	0.06	-	0.09	-0.00	0.00
Payment of Dividends	-1.36	-1.36	-1.36	-1.35	-1.35	-1.35	-1.36	-1.37	-1.37	-1.36	-1.37
Other Financing Activities, Net	1.12	-1.10	-1.36	1.01	-0.74	0.03	-0.79	-0.38	-1.96	1.69	-0.14
Cash Interest Paid	24	25	29	28	28	28	27	29	31	29	31
Cash Income Taxes Paid	0.83	-0.06	0.01	4.29	2.43	2.05	0.02	5.10	4.00	3.27	0.33

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,024	1,062	1,721	2,274	2,449	3,305	4,612	4,637	4,829	5,276	5,861
Cash and Due from Banks	40	103	64	40	33	50	1,155	44	62	97	56
Federal Funds Sold	6.20	0.00	6.96	0.00	23	66	38	15	57	14	13
Interest Bearing Deposits at Other Banks	33	34	42	76	127	365	897	207	233	277	395
Trading Account Securities	166	129	152	204	178	216	482	770	281	482	540
Loans and Leases, Net of Allowance	0.00	0.00	0.00	1,767	-10	2,364	2,674	3,230	3,409	3,869	4,323
Loans and Leases	-	-	-	1,775	-	2,382	2,693	3,254	3,444	3,906	4,364
Allowance for Loan and Lease Losses	-	-	-	8.28	10	18	19	23	35	37	41
Loans Held for Sale	-	-	-	-	5.86	12	-	1.75	4.42	6.00	11
Premises and Equipment, Net	25	31	43	56	59	73	86	93	93	91	88
Intangible Assets	6.94	6.64	51	79	77	86	106	110	107	105	95
Other Assets	746	827	1,362	53	1,955	73	118	167	582	335	339
Total Liabilities & Shareholders' Equity	1,024	1,062	1,721	2,274	2,449	3,305	4,612	4,637	4,829	5,276	5,861
Total Liabilities	924	957	1,515	1,991	2,136	2,948	3,195	4,205	4,370	4,784	5,308
Non-Interest Bearing Deposits	131	153	221	320	364	686	1,055	1,072	898	966	1,063
Interest Bearing Deposits	727	754	1,218	1,602	1,683	2,119	2,068	3,005	3,370	3,721	4,090
Long-Term Debt	34	19	44	50	71	121	42	84	55	48	102
Other Long-Term Liabilities	3.05	5.02	8.68	7.26	18	22	31	44	46	50	54
Commitments & Contingencies	-	-	-	-	-	-	-	-	-	0.00	0.00
Total Equity & Noncontrolling Interests	100	105	206	283	313	357	429	432	460	491	552
Total Preferred & Common Equity	100	105	206	283	313	357	429	432	460	491	552
Preferred Stock	0.01	0.01	0.00	0.00	0.00	-	-	-	-	0.00	0.00
Total Common Equity	100	105	206	283	313	357	429	432	460	491	552
Common Stock	88	89	185	246	247	268	310	311	313	311	313
Retained Earnings	12	17	22	40	66	87	118	157	173	204	249
Accumulated Other Comprehensive Income / (Loss)	-0.35	-1.00	-1.20	-2.77	0.17	2.18	1.44	-35	-26	-24	-9.32
Noncontrolling Interest	-	-	-	-	-	-	-	-	0.00	0.11	0.11

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 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,797	4,770	4,746	4,797	4,955	4,891	4,909	5,411	5,491	5,785	5,908
Cash and Due from Banks	46	342	38	63	48	60	65	58	72	60	57
Federal Funds Sold	68	67	2.61	40	86	63	2.51	12	18	34	6.95
Interest Bearing Deposits at Other Banks	428	205	199	298	344	220	125	353	276	463	282
Trading Account Securities	807	845	824	667	655	630	629	625	627	634	552
Loans and Leases, Net of Allowance	3,076	3,250	3,305	3,345	3,443	3,539	3,682	3,954	4,084	4,183	4,474
Loans and Leases	3,099	3,282	3,338	3,379	3,478	3,574	3,717	3,992	4,124	4,222	4,518
Allowance for Loan and Lease Losses	23	32	33	34	34	35	36	38	40	39	44
Loans Held for Sale	2.74	-	0.99	2.73	4.86	3.10	5.80	3.84	5.48	9.86	7.28
Premises and Equipment, Net	92	92	92	92	93	91	91	91	90	89	93
Intangible Assets	110	109	108	108	107	106	105	104	104	96	95
Other Assets	166	148	176	182	175	179	203	210	216	215	340
Total Liabilities & Shareholders' Equity	4,797	4,770	4,746	4,797	4,955	4,891	4,909	5,411	5,491	5,785	5,908
Total Liabilities	4,382	3,320	4,301	4,351	4,488	4,419	4,420	4,905	4,972	5,247	5,346
Non-Interest Bearing Deposits	1,186	990	1,003	924	907	903	864	884	907	931	951
Interest Bearing Deposits	3,094	2,250	3,196	3,323	3,487	3,413	3,459	3,924	3,965	4,119	4,245
Long-Term Debt	60	42	58	56	52	55	49	47	47	140	102
Other Long-Term Liabilities	41	38	44	48	42	47	49	49	53	56	47
Commitments & Contingencies	-	-	-	-	-	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	415	443	445	447	467	472	489	506	519	538	562
Total Preferred & Common Equity	415	443	445	447	467	472	489	506	519	538	562
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	415	443	445	447	467	472	489	506	519	538	562
Common Stock	311	312	312	313	313	311	311	312	312	313	313
Retained Earnings	145	160	168	168	181	188	196	214	224	236	261
Accumulated Other Comprehensive Income / (Loss)	-41	-29	-35	-34	-27	-26	-17	-20	-17	-11	-12
Noncontrolling Interest	-	-	-	-	-	-	-	0.11	0.11	0.11	0.11

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
DEI Shares Outstanding	5,735,393.00	5,888,408.00	8,243,717.00	13,933,504.00	13,961,723.00	15,235,227.00	16,802,080.00	-	-	-	17,028,001.00
DEI Adjusted Shares Outstanding	5,735,393.00	5,888,408.00	8,243,717.00	13,933,504.00	13,961,723.00	15,235,227.00	16,802,080.00	-	-	-	17,028,001.00
DEI Earnings Per Adjusted Shares Outstanding	0.26	0.98	0.61	1.30	1.90	1.60	2.07	-	-	-	2.96
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	37.40%	55.83%	20.99%	62.06%	19.18%	17.24%	18.10%	20.29%	-7.75%	12.53%	16.88%
EBITDA Growth	-8.43%	167.94%	-14.08%	80.65%	81.82%	20.66%	37.95%	22.64%	-23.96%	14.38%	25.26%
EBIT Growth	6.79%	190.79%	24.92%	86.43%	56.76%	-7.64%	43.47%	23.89%	-34.02%	25.49%	35.29%
NOPAT Growth	-17.64%	284.17%	-13.52%	260.97%	46.66%	-8.35%	42.98%	23.66%	-33.54%	26.40%	39.31%
Net Income Growth	-17.62%	284.10%	-13.52%	260.95%	46.66%	-8.35%	42.98%	23.66%	-33.54%	26.40%	39.31%
EPS Growth	-38.46%	143.75%	-29.49%	163.64%	30.34%	-14.29%	37.04%	14.86%	-33.73%	26.63%	39.25%
Operating Cash Flow Growth	38.70%	395.03%	-89.30%	1,579.18%	43.42%	-2.67%	58.87%	22.98%	-30.07%	32.69%	17.12%
Free Cash Flow Firm Growth	-8,036.40%	125.27%	-835.13%	45.42%	64.10%	-194.90%	-1,255.70%	204.15%	-96.97%	-60.06%	-641.23%
Invested Capital Growth	97.92%	-7.90%	101.58%	33.67%	15.06%	24.52%	205.23%	-64.59%	-0.24%	4.70%	21.30%
Revenue Q/Q Growth	19.35%	0.24%	13.52%	8.10%	0.80%	6.93%	3.92%	5.14%	-3.57%	4.71%	3.35%
EBITDA Q/Q Growth	7.08%	12.97%	-21.85%	-5.28%	6.47%	43.45%	-3.23%	2.55%	-12.98%	7.78%	5.05%
EBIT Q/Q Growth	104.67%	6.08%	12.88%	11.55%	3.34%	16.28%	-6.56%	17.34%	-19.37%	11.14%	7.56%
NOPAT Q/Q Growth	138.31%	8.73%	-24.30%	54.60%	1.15%	10.43%	-6.39%	17.31%	-19.25%	10.55%	8.78%
Net Income Q/Q Growth	138.35%	8.72%	-24.29%	54.60%	1.15%	10.43%	-6.39%	17.31%	-19.25%	10.55%	8.78%
EPS Q/Q Growth	-17.95%	-3.70%	-32.10%	57.61%	-0.53%	8.00%	-9.02%	18.06%	-19.14%	10.31%	8.76%
Operating Cash Flow Q/Q Growth	-38.52%	-6.20%	-76.38%	43.90%	7.28%	11.93%	-11.86%	34.54%	-8.11%	10.43%	-0.25%
Free Cash Flow Firm Q/Q Growth	5.41%	417.52%	-1,084.82%	59.29%	16.63%	77.91%	-596.92%	742.27%	288.31%	655.90%	31.65%
Invested Capital Q/Q Growth	-2.43%	-16.51%	74.95%	5.47%	3.48%	-32.57%	162.54%	8.67%	2.43%	0.30%	-3.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	15.55%	26.74%	18.99%	21.17%	32.29%	33.24%	38.82%	39.58%	32.63%	33.16%	35.54%
EBIT Margin	11.57%	21.58%	22.28%	25.63%	33.72%	26.56%	32.27%	33.23%	23.77%	26.51%	30.68%
Profit (Net Income) Margin	5.54%	13.66%	9.77%	21.75%	26.76%	20.92%	25.33%	26.04%	18.76%	21.07%	25.12%
Tax Burden Percent	47.92%	63.30%	43.82%	84.85%	79.38%	78.77%	78.50%	78.35%	78.93%	79.50%	81.86%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	52.09%	36.70%	56.18%	15.15%	20.62%	21.23%	21.50%	21.65%	21.07%	20.50%	18.14%
Return on Invested Capital (ROIC)	1.49%	4.49%	2.69%	6.21%	7.40%	5.65%	3.59%	4.36%	5.54%	6.86%	8.44%
ROIC Less NNEP Spread (ROIC-NNEP)	1.49%	4.49%	2.69%	6.21%	7.40%	5.65%	3.59%	4.36%	5.54%	6.86%	8.44%
Return on Net Nonoperating Assets (RNNOA)	0.44%	1.15%	0.54%	1.19%	1.51%	1.61%	5.25%	5.63%	0.86%	0.74%	1.21%
Return on Equity (ROE)	1.93%	5.65%	3.22%	7.41%	8.91%	7.26%	8.85%	9.98%	6.41%	7.60%	9.65%
Cash Return on Invested Capital (CROIC)	-64.24%	12.72%	-64.68%	-22.60%	-6.60%	-16.20%	-97.70%	99.76%	5.79%	2.26%	-10.82%
Operating Return on Assets (OROA)	0.40%	0.88%	0.82%	1.07%	1.42%	1.07%	1.12%	1.19%	0.77%	0.90%	1.10%
Return on Assets (ROA)	0.19%	0.56%	0.36%	0.91%	1.12%	0.85%	0.88%	0.93%	0.60%	0.72%	0.90%
Return on Common Equity (ROCE)	1.93%	5.65%	3.22%	7.41%	8.91%	7.26%	8.85%	9.98%	6.41%	7.60%	9.64%
Return on Equity Simple (ROE_SIMPLE)	1.51%	5.51%	2.44%	6.40%	8.49%	6.81%	8.10%	9.95%	6.22%	7.36%	9.11%
Net Operating Profit after Tax (NOPAT)	1.51	5.80	5.01	18	27	24	35	43	29	36	50
NOPAT Margin	5.54%	13.66%	9.76%	21.75%	26.76%	20.92%	25.33%	26.04%	18.76%	21.07%	25.12%
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%	0.00%
SG&A Expenses to Revenue	59.34%	57.06%	53.60%	47.71%	46.71%	48.64%	50.27%	50.86%	58.91%	56.54%	51.84%
Operating Expenses to Revenue	85.05%	76.56%	76.19%	70.84%	63.66%	65.97%	66.54%	64.33%	74.24%	70.49%	65.45%
Earnings before Interest and Taxes (EBIT)	3.15	9.16	11	21	33	31	44	55	36	45	62
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.24	11	9.75	18	32	39	53	65	50	57	71
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.87	0.98	0.82	0.85	0.99	0.74	1.03	1.04	0.89	1.06	1.14
Price to Tangible Book Value (P/TBV)	0.93	1.04	1.08	1.17	1.32	0.97	1.37	1.40	1.16	1.35	1.38
Price to Revenue (P/Rev)	3.18	2.42	3.27	2.87	3.14	2.27	3.23	2.73	2.69	3.05	3.14
Price to Earnings (P/E)	62.42	21.50	34.88	13.22	11.72	10.84	12.74	10.49	14.35	14.48	12.49
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.22%	1.44%	0.91%	1.31%	1.33%	1.04%	0.87%
Earnings Yield	1.60%	4.65%	2.87%	7.57%	8.53%	9.23%	7.85%	9.53%	6.97%	6.91%	8.01%
Enterprise Value to Invested Capital (EV/IC)	0.30	0.00	0.40	0.52	0.52	0.00	0.00	0.52	0.22	0.34	0.41
Enterprise Value to Revenue (EV/Rev)	1.50	0.00	1.92	2.09	2.00	0.00	0.00	1.63	0.74	1.07	1.33
Enterprise Value to EBITDA (EV/EBITDA)	9.67	0.00	10.12	9.87	6.18	0.00	0.00	4.11	2.28	3.23	3.73
Enterprise Value to EBIT (EV/EBIT)	13.01	0.00	8.63	8.15	5.92	0.00	0.00	4.90	3.12	4.04	4.33
Enterprise Value to NOPAT (EV/NOPAT)	27.14	0.00	19.68	9.61	7.46	0.00	0.00	6.25	3.96	5.08	5.28
Enterprise Value to Operating Cash Flow (EV/OCF)	17.50	0.00	79.60	8.35	6.63	0.00	0.00	4.73	2.85	3.48	4.31
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.27	3.79	15.39	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.34	0.18	0.21	0.18	0.23	0.34	0.10	0.19	0.12	0.10	0.18
Long-Term Debt to Equity	0.34	0.18	0.21	0.18	0.23	0.34	0.10	0.19	0.12	0.10	0.18
Financial Leverage	0.30	0.26	0.20	0.19	0.20	0.29	1.46	1.29	0.16	0.11	0.14
Leverage Ratio	9.98	10.16	8.95	8.17	7.93	8.59	10.06	10.73	10.61	10.62	10.67
Compound Leverage Factor	9.98	10.16	8.95	8.17	7.93	8.59	10.06	10.73	10.61	10.62	10.67
Debt to Total Capital	25.44%	14.95%	17.48%	15.12%	18.48%	25.23%	8.90%	16.24%	10.71%	8.87%	15.54%
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%	0.00%
Long-Term Debt to Total Capital	25.44%	14.95%	17.48%	15.12%	18.48%	25.23%	8.90%	16.24%	10.71%	8.87%	15.54%
Preferred Equity to Total Capital	0.01%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%
Common Equity to Total Capital	74.55%	85.04%	82.52%	84.88%	81.52%	74.77%	91.10%	83.76%	89.29%	91.11%	84.44%
Debt to EBITDA	8.07	1.63	4.47	2.86	2.21	3.12	0.79	1.28	1.11	0.84	1.43
Net Debt to EBITDA	-10.81	-10.48	-7.12	-3.71	-3.53	-9.34	-38.41	-2.79	-5.97	-5.97	-5.09
Long-Term Debt to EBITDA	8.07	1.63	4.47	2.86	2.21	3.12	0.79	1.28	1.11	0.84	1.43
Debt to NOPAT	22.65	3.19	8.69	2.79	2.67	4.95	1.21	1.95	1.93	1.32	2.02
Net Debt to NOPAT	-30.33	-20.52	-13.84	-3.61	-4.26	-14.84	-58.87	-4.24	-10.39	-9.40	-7.20
Long-Term Debt to NOPAT	22.65	3.19	8.69	2.79	2.67	4.95	1.21	1.95	1.93	1.32	2.02
Noncontrolling Interest Sharing Ratio	0.02%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-65	16	-121	-66	-24	-70	-946	985	30	12	-65
Operating Cash Flow to CapEx	0.00%	202.81%	44.31%	541.30%	476.41%	534.45%	1,942.87%	515.04%	710.74%	3,087.29%	2,723.92%
Free Cash Flow to Firm to Interest Expense	-23.56	3.82	-21.20	-4.23	-0.96	-4.16	-79.88	46.16	0.34	0.10	-0.54
Operating Cash Flow to Interest Expense	0.85	2.70	0.22	1.34	1.22	1.74	3.90	2.66	0.45	0.46	0.51
Operating Cash Flow Less CapEx to Interest Expense	2.46	1.37	-0.27	1.09	0.96	1.41	3.70	2.15	0.39	0.45	0.50
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.04	0.03	0.03	0.04
Fixed Asset Turnover	1.33	1.53	1.40	1.68	1.72	1.76	1.73	1.85	1.64	1.86	2.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	134	124	249	333	384	478	1,458	516	515	539	654
Invested Capital Turnover	0.27	0.33	0.28	0.29	0.28	0.27	0.14	0.17	0.30	0.33	0.34
Increase / (Decrease) in Invested Capital	66	-11	126	84	50	94	980	-942	-1.26	24	115
Enterprise Value (EV)	41	-16	99	174	198	-97	-1,605	269	113	184	266
Market Capitalization	87	103	168	239	311	264	443	451	410	523	629
Book Value per Share	$17.46	$17.87	$24.97	$20.31	$22.40	$23.44	$25.56	$25.61	$27.06	$29.03	$32.44
Tangible Book Value per Share	$16.25	$16.74	$18.80	$14.64	$16.87	$17.77	$19.26	$19.11	$20.76	$22.84	$26.84
Total Capital	134	124	249	333	384	478	471	516	515	539	654
Total Debt	34	19	44	50	71	121	42	84	55	48	102
Total Long-Term Debt	34	19	44	50	71	121	42	84	55	48	102
Net Debt	-46	-119	-69	-65	-113	-361	-2,048	-183	-297	-340	-363
Capital Expenditures (CapEx)	-4.45	5.72	2.80	3.85	6.27	5.44	2.38	11	5.59	1.71	2.27
Net Nonoperating Expense (NNE)	-0.00	0.00	-0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	34	19	44	50	71	121	1,029	84	55	48	102
Total Depreciation and Amortization (D&A)	1.09	2.19	-1.69	-3.72	-1.41	7.76	9.00	10	13	11	9.74
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.35	$0.82	$0.56	$1.46	$1.90	$1.63	$2.23	$2.57	$1.70	$2.16	$3.00
Adjusted Weighted Average Basic Shares Outstanding	3.99M	5.84M	8.64M	12.42M	13.95M	14.96M	15.57M	16.74M	16.81M	16.77M	16.78M
Adjusted Diluted Earnings per Share	$0.32	$0.78	$0.55	$1.45	$1.89	$1.62	$2.22	$2.55	$1.69	$2.14	$2.98
Adjusted Weighted Average Diluted Shares Outstanding	4.28M	6.12M	8.79M	12.52M	14.05M	15.02M	15.70M	16.87M	16.91M	16.88M	16.90M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	5.81M	8.21M	11.23M	13.95M	15.34M	15.11M	16.89M	17.00M	17.06M	17.02M	17.10M
Normalized Net Operating Profit after Tax (NOPAT)	2.21	5.80	9.70	21	29	28	38	43	29	36	51
Normalized NOPAT Margin	8.10%	13.66%	18.89%	25.60%	29.34%	24.02%	27.45%	26.31%	18.82%	21.07%	25.66%
Pre Tax Income Margin	11.57%	21.58%	22.28%	25.63%	33.72%	26.56%	32.27%	33.23%	23.77%	26.51%	30.68%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.14	2.13	2.01	1.37	1.36	1.84	3.74	2.57	0.41	0.40	0.51
NOPAT to Interest Expense	0.55	1.35	0.88	1.16	1.08	1.45	2.94	2.02	0.33	0.32	0.42
EBIT Less CapEx to Interest Expense	2.76	0.80	1.52	1.12	1.11	1.52	3.54	2.06	0.35	0.38	0.49
NOPAT Less CapEx to Interest Expense	2.16	0.02	0.39	0.92	0.83	1.13	2.74	1.50	0.26	0.30	0.40
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	7.95%	12.97%	3.89%	0.00%	2.64%	12.27%	10.72%	10.98%	18.98%	15.00%	10.83%
Augmented Payout Ratio	7.95%	12.97%	3.89%	0.00%	2.64%	29.98%	14.19%	10.98%	18.98%	23.21%	10.83%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	17,018,018.00	17,017,547.00	17,020,314.00	17,028,001.00	17,096,969.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	17,018,018.00	17,017,547.00	17,020,314.00	17,028,001.00	17,096,969.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	0.66	0.69	0.80	0.80	0.80
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-26.21%	-12.61%	-6.54%	4.43%	39.35%	19.74%	16.79%	21.83%	15.61%	13.89%	14.91%
EBITDA Growth	-65.70%	-40.32%	-16.80%	-10.82%	130.26%	37.39%	8.21%	29.07%	43.32%	22.70%	13.62%
EBIT Growth	-83.83%	-52.64%	-19.15%	-7.58%	350.54%	58.20%	13.11%	38.00%	57.87%	34.89%	23.62%
NOPAT Growth	-82.09%	-52.40%	-18.63%	-9.43%	342.19%	55.74%	20.26%	46.26%	49.74%	42.14%	21.56%
Net Income Growth	-82.09%	-52.40%	-18.63%	-9.43%	342.19%	55.74%	20.26%	46.26%	49.74%	42.14%	21.56%
EPS Growth	-82.35%	-51.95%	-19.12%	-7.69%	350.00%	54.05%	21.82%	43.75%	50.00%	42.11%	20.90%
Operating Cash Flow Growth	-49.29%	-23.04%	-37.68%	65.84%	85.58%	42.51%	101.91%	-15.24%	36.20%	-0.92%	14.51%
Free Cash Flow Firm Growth	-127.95%	-99.22%	200.08%	9.02%	-0.17%	-295.56%	-102.37%	-58.10%	-394.31%	-594.11%	-318.02%
Invested Capital Growth	5.83%	-0.24%	-65.22%	4.96%	6.93%	4.70%	6.65%	7.30%	26.17%	21.30%	20.03%
Revenue Q/Q Growth	-18.11%	23.34%	2.57%	0.79%	9.29%	5.98%	0.05%	5.14%	3.71%	4.40%	0.95%
EBITDA Q/Q Growth	-60.00%	86.05%	37.22%	-12.66%	3.27%	11.01%	8.08%	4.17%	14.67%	-4.96%	0.09%
EBIT Q/Q Growth	-78.66%	228.16%	53.10%	-13.80%	4.03%	15.23%	9.47%	5.17%	19.00%	-1.54%	0.32%
NOPAT Q/Q Growth	-76.61%	199.47%	51.18%	-14.48%	14.21%	5.47%	16.74%	4.01%	16.92%	0.12%	-0.16%
Net Income Q/Q Growth	-76.61%	199.47%	51.18%	-14.48%	14.21%	5.47%	16.74%	4.01%	16.92%	0.12%	-0.16%
EPS Q/Q Growth	-76.92%	208.33%	48.65%	-12.73%	12.50%	5.56%	17.54%	2.99%	17.39%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-33.03%	75.25%	-39.56%	133.79%	-25.06%	34.58%	-14.37%	-1.85%	20.42%	-2.10%	-1.03%
Free Cash Flow Firm Q/Q Growth	-37.80%	129.06%	13,078.32%	-101.72%	-51.72%	43.27%	-59.41%	-15.23%	-374.39%	20.34%	4.00%
Invested Capital Q/Q Growth	0.09%	2.43%	0.72%	1.65%	1.96%	0.30%	2.59%	2.27%	19.89%	-3.57%	1.51%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	18.61%	28.07%	37.56%	32.54%	30.75%	32.21%	34.80%	34.48%	38.12%	34.70%	34.41%
EBIT Margin	7.53%	20.03%	29.89%	25.57%	24.34%	26.46%	28.95%	28.96%	33.23%	31.34%	31.15%
Profit (Net Income) Margin	6.52%	15.83%	23.34%	19.80%	20.69%	20.59%	24.03%	23.77%	26.80%	25.70%	25.42%
Tax Burden Percent	86.63%	79.05%	78.06%	77.44%	85.02%	77.82%	82.99%	82.08%	80.64%	82.00%	81.61%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	13.37%	20.95%	21.94%	22.56%	14.98%	22.18%	17.01%	17.92%	19.36%	18.00%	18.39%
Return on Invested Capital (ROIC)	2.11%	4.68%	3.47%	5.82%	6.51%	6.70%	7.99%	8.14%	8.55%	8.63%	8.66%
ROIC Less NNEP Spread (ROIC-NNEP)	2.11%	4.68%	3.47%	5.82%	6.51%	6.70%	7.99%	8.14%	8.55%	8.63%	8.66%
Return on Net Nonoperating Assets (RNNOA)	0.29%	0.73%	4.20%	0.71%	0.73%	0.73%	0.82%	0.83%	1.57%	1.24%	1.21%
Return on Equity (ROE)	2.39%	5.41%	7.67%	6.53%	7.24%	7.42%	8.81%	8.97%	10.12%	9.87%	9.87%
Cash Return on Invested Capital (CROIC)	1.57%	5.79%	99.42%	0.13%	-0.41%	2.26%	0.66%	0.60%	-15.53%	-10.82%	-9.54%
Operating Return on Assets (OROA)	0.25%	0.64%	0.92%	0.80%	0.82%	0.90%	1.00%	1.04%	1.21%	1.13%	1.14%
Return on Assets (ROA)	0.21%	0.51%	0.72%	0.62%	0.70%	0.70%	0.83%	0.86%	0.97%	0.93%	0.93%
Return on Common Equity (ROCE)	2.39%	5.41%	7.67%	6.53%	7.24%	7.42%	8.80%	8.97%	10.12%	9.87%	9.87%
Return on Equity Simple (ROE_SIMPLE)	7.93%	0.00%	5.67%	5.42%	6.69%	0.00%	7.52%	8.04%	8.60%	0.00%	9.39%
Net Operating Profit after Tax (NOPAT)	2.07	6.19	9.36	8.00	9.14	9.64	11	12	14	14	14
NOPAT Margin	6.52%	15.83%	23.34%	19.80%	20.69%	20.59%	24.03%	23.77%	26.80%	25.70%	25.42%
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%	0.00%
SG&A Expenses to Revenue	72.74%	57.42%	56.86%	57.73%	55.96%	55.79%	54.81%	52.95%	51.03%	48.98%	49.39%
Operating Expenses to Revenue	89.96%	75.95%	71.20%	72.25%	69.83%	68.98%	68.96%	66.14%	66.32%	60.91%	61.16%
Earnings before Interest and Taxes (EBIT)	2.39	7.83	12	10	11	12	14	14	17	17	17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	5.90	11	15	13	14	15	16	17	19	19	19
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.80	0.89	0.76	0.85	1.01	1.06	1.04	1.10	1.13	1.14	1.19
Price to Tangible Book Value (P/TBV)	1.06	1.16	0.99	1.10	1.28	1.35	1.31	1.38	1.37	1.38	1.43
Price to Revenue (P/Rev)	2.26	2.69	2.39	2.66	3.00	3.05	2.96	3.07	3.14	3.14	3.22
Price to Earnings (P/E)	10.10	14.35	13.50	15.72	15.05	14.48	13.87	13.74	13.14	12.49	12.66
Dividend Yield	1.81%	1.33%	1.91%	1.36%	1.10%	1.04%	1.03%	0.95%	0.90%	0.87%	0.82%
Earnings Yield	9.90%	6.97%	7.41%	6.36%	6.64%	6.91%	7.21%	7.28%	7.61%	8.01%	7.90%
Enterprise Value to Invested Capital (EV/IC)	0.03	0.22	0.00	0.22	0.65	0.34	0.27	0.45	0.28	0.41	0.64
Enterprise Value to Revenue (EV/Rev)	0.09	0.74	0.00	0.76	2.12	1.07	0.85	1.36	0.98	1.33	2.04
Enterprise Value to EBITDA (EV/EBITDA)	0.24	2.28	0.00	2.54	6.59	3.23	2.62	4.12	2.82	3.73	5.77
Enterprise Value to EBIT (EV/EBIT)	0.30	3.12	0.00	3.53	8.50	4.04	3.23	5.01	3.34	4.33	6.55
Enterprise Value to NOPAT (EV/NOPAT)	0.38	3.96	0.00	4.48	10.64	5.08	4.00	6.11	4.13	5.28	8.04
Enterprise Value to Operating Cash Flow (EV/OCF)	0.31	2.85	0.00	2.73	7.29	3.48	2.54	4.45	3.09	4.31	6.65
Enterprise Value to Free Cash Flow (EV/FCFF)	1.76	3.79	0.00	168.95	0.00	15.39	42.86	78.30	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.13	0.12	0.11	0.12	0.10	0.10	0.09	0.09	0.26	0.18	0.18
Long-Term Debt to Equity	0.13	0.12	0.11	0.12	0.10	0.10	0.09	0.09	0.26	0.18	0.18
Financial Leverage	0.14	0.16	1.21	0.12	0.11	0.11	0.10	0.10	0.18	0.14	0.14
Leverage Ratio	11.14	10.61	10.68	10.51	10.37	10.62	10.66	10.47	10.41	10.67	10.60
Compound Leverage Factor	11.14	10.61	10.68	10.51	10.37	10.62	10.66	10.47	10.41	10.67	10.60
Debt to Total Capital	11.18%	10.71%	10.02%	10.41%	9.05%	8.87%	8.55%	8.25%	20.62%	15.54%	15.35%
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%	0.00%
Long-Term Debt to Total Capital	11.18%	10.71%	10.02%	10.41%	9.05%	8.87%	8.55%	8.25%	20.62%	15.54%	15.35%
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%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Common Equity to Total Capital	88.82%	89.29%	89.98%	89.59%	90.95%	91.11%	91.43%	91.73%	79.36%	84.44%	84.64%
Debt to EBITDA	0.98	1.11	1.11	1.22	0.92	0.84	0.81	0.75	2.06	1.43	1.39
Net Debt to EBITDA	-6.02	-5.97	-9.12	-6.39	-2.73	-5.97	-6.46	-5.14	-6.15	-5.09	-3.32
Long-Term Debt to EBITDA	0.98	1.11	1.11	1.22	0.92	0.84	0.81	0.75	2.06	1.43	1.39
Debt to NOPAT	1.59	1.93	1.96	2.14	1.49	1.32	1.24	1.12	3.02	2.02	1.93
Net Debt to NOPAT	-9.72	-10.39	-16.10	-11.24	-4.41	-9.40	-9.88	-7.63	-9.01	-7.20	-4.63
Long-Term Debt to NOPAT	1.59	1.93	1.96	2.14	1.49	1.32	1.24	1.12	3.02	2.02	1.93
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.02%	0.02%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-26	7.45	982	-17	-26	-15	-23	-27	-127	-101	-97
Operating Cash Flow to CapEx	705.39%	530.93%	0.00%	0.00%	1,175.07%	1,251.61%	1,566.56%	1,926.10%	6,207.72%	4,669.49%	263.70%
Free Cash Flow to Firm to Interest Expense	-1.06	0.29	35.01	-0.59	-0.89	-0.51	-0.83	-0.92	-3.96	-3.31	-3.42
Operating Cash Flow to Interest Expense	0.28	0.45	0.25	0.58	0.43	0.59	0.51	0.48	0.53	0.54	0.58
Operating Cash Flow Less CapEx to Interest Expense	0.24	0.37	0.26	0.59	0.39	0.54	0.48	0.46	0.52	0.53	0.36
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.03	0.03	0.03	0.03	0.03	0.04	0.04	0.04	0.04
Fixed Asset Turnover	1.72	1.64	1.62	1.65	1.79	1.86	1.94	2.06	2.15	2.23	2.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	503	515	519	527	538	539	553	566	678	654	664
Invested Capital Turnover	0.32	0.30	0.15	0.29	0.31	0.33	0.33	0.34	0.32	0.34	0.34
Increase / (Decrease) in Invested Capital	28	-1.26	-973	25	35	24	34	38	141	115	111
Enterprise Value (EV)	14	113	-69	115	348	184	152	255	191	266	424
Market Capitalization	358	410	357	403	492	523	528	573	608	629	668
Book Value per Share	$26.27	$27.06	$27.37	$27.69	$28.90	$29.03	$29.72	$30.50	$31.63	$32.44	$32.87
Tangible Book Value per Share	$19.93	$20.76	$21.12	$21.48	$22.67	$22.84	$23.60	$24.41	$26.00	$26.84	$27.33
Total Capital	503	515	519	527	538	539	553	566	678	654	664
Total Debt	56	55	52	55	49	48	47	47	140	102	102
Total Long-Term Debt	56	55	52	55	49	48	47	47	140	102	102
Net Debt	-344	-297	-426	-288	-144	-340	-376	-318	-417	-363	-244
Capital Expenditures (CapEx)	0.95	2.21	-0.33	-0.35	1.06	1.33	0.91	0.73	0.27	0.35	6.20
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Obligations (NNO)	56	55	52	55	49	48	47	47	140	102	102
Total Depreciation and Amortization (D&A)	3.51	3.15	3.07	2.82	2.83	2.69	2.74	2.72	2.50	1.79	1.75
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.12	$0.36	$0.56	$0.48	$0.55	$0.57	$0.67	$0.70	$0.82	$0.81	$0.81
Adjusted Weighted Average Basic Shares Outstanding	16.81M	16.81M	16.85M	16.77M	16.73M	16.77M	16.77M	16.78M	16.78M	16.78M	16.82M
Adjusted Diluted Earnings per Share	$0.12	$0.37	$0.55	$0.48	$0.54	$0.57	$0.67	$0.69	$0.81	$0.81	$0.81
Adjusted Weighted Average Diluted Shares Outstanding	16.92M	16.91M	16.93M	16.85M	16.84M	16.88M	16.87M	16.88M	16.91M	16.90M	16.94M
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	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	16.99M	17.06M	17.06M	16.92M	16.93M	17.02M	17.02M	17.02M	17.03M	17.10M	17.10M
Normalized Net Operating Profit after Tax (NOPAT)	2.16	6.19	9.36	8.00	9.14	9.64	11	12	15	14	14
Normalized NOPAT Margin	6.82%	15.83%	23.34%	19.80%	20.69%	20.59%	24.03%	23.77%	28.87%	25.70%	25.42%
Pre Tax Income Margin	7.53%	20.03%	29.89%	25.57%	24.34%	26.46%	28.95%	28.96%	33.23%	31.34%	31.15%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.10	0.30	0.43	0.36	0.37	0.44	0.48	0.49	0.53	0.55	0.59
NOPAT to Interest Expense	0.09	0.24	0.33	0.28	0.32	0.34	0.40	0.40	0.43	0.45	0.48
EBIT Less CapEx to Interest Expense	0.06	0.22	0.44	0.38	0.34	0.39	0.45	0.46	0.52	0.54	0.37
NOPAT Less CapEx to Interest Expense	0.05	0.15	0.35	0.29	0.28	0.29	0.37	0.38	0.42	0.44	0.26
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	14.84%	18.98%	20.54%	21.20%	16.59%	15.00%	14.25%	13.01%	11.76%	10.83%	10.35%
Augmented Payout Ratio	15.02%	18.98%	20.54%	32.78%	25.67%	23.21%	14.25%	13.01%	11.76%	10.83%	10.35%

Financials Breakdown Chart

Key Financial Trends

SmartFinancial (NASDAQ: SMBK) has shown a generally healthy operating trend over the last four years, with earnings improving meaningfully from 2023 into 2025 and into the latest quarter of 2026. The company continues to generate solid net interest income, maintain profitability, and grow retained earnings, but investors should also note rising funding costs, a large balance sheet shift into securities, and some volatility in cash flows and deposit trends.

Quarterly results in Q1 2026 were solid on the surface. Net income came in at $13.7 million, essentially flat versus Q4 2025 and up from $11.7 million in Q2 2025 and $9.4 million in Q1 2025. Diluted EPS was $0.81, unchanged from the prior quarter and up from $0.69 a year earlier. That suggests SmartFinancial has maintained earnings resilience despite a more challenging rate environment.

Revenue quality also looks stable. In Q1 2026, total revenue was $53.8 million, up modestly from $53.3 million in Q4 2025 and $46.8 million in Q1 2025. Net interest income rose to $45.9 million from $45.1 million in the prior quarter and $38.2 million in Q1 2025, which is a positive sign for core banking profitability. Non-interest income was also stronger than a year ago at $7.9 million.

Credit costs remain manageable but are worth watching. Provision for credit losses was $4.1 million in Q1 2026, up from $4.1 million in Q4 2025 and well above the much lighter provision levels seen in most of 2025’s middle quarters. On the bright side, the company is still profitable and generating enough pre-provision income to absorb those charges.

Cash flow from operations remained healthy at $16.4 million in Q1 2026, versus $16.5 million in Q4 2025 and $14.3 million in Q1 2025. That suggests the core banking franchise continues to convert earnings into operating cash. However, cash and equivalents dropped sharply in the quarter because of heavy investing activity and balance sheet movements.

The balance sheet has expanded and become more asset-heavy. Total assets were $5.91 billion at the end of Q1 2026, up from $5.49 billion in Q2 2025 and $4.95 billion in Q1 2025. Loans and leases net of allowance rose to $4.47 billion, while retained earnings increased to $261.0 million, reflecting accumulated profitability. Book equity also improved to $562.0 million from $505.8 million a year earlier.

Deposit growth has been a bright spot. In Q1 2026, net change in deposits was +$43.5 million, following +$101.9 million in Q4 2025 and +$63.5 million in Q2 2025. Over the longer view, deposits have been less volatile than in 2024, when the bank often saw large swings quarter to quarter. Stable deposit gathering is important for a regional bank’s funding base.

At the same time, funding and interest expense remain a pressure point. Deposit interest expense was $26.5 million in Q1 2026, only modestly lower than the prior quarter. Cash interest paid was still high at $31.3 million, which underscores how expensive deposits and debt funding remain relative to pre-rate-cycle levels.

Investing activity continues to be very large. In Q1 2026, the company purchased $199.0 million of investment securities and sold or matured only $28.6 million. That helped drive net investing cash flow to a negative $176.6 million. This kind of balance sheet repositioning can support longer-term earnings, but it also creates near-term cash pressure.

Leverage has come down from 2025 peaks. Long-term debt was $101.9 million in Q1 2026, down from $139.9 million in Q3 2025 and $466.9 million in Q2 2025. That is a meaningful improvement and suggests management has been reducing borrowed funding. Lower debt is generally a positive for a bank’s risk profile.

Looking back over the last four years, the trend is clearly better than in 2022 and 2023. Quarterly net income moved from the low-to-mid single-digit millions in 2022 and early 2023 to the $9 million to $14 million range through 2024 and 2025. EPS followed the same path, rising from around $0.12 in Q3 2023 to $0.81 in recent quarters. That is a meaningful earnings improvement.

Earnings have improved materially since 2023, with quarterly net income now running around $13 million to $14 million.
Net interest income is higher than a year ago, showing continued strength in core banking operations.
Operating cash flow remains solid and roughly consistent quarter to quarter.
Deposits grew in Q1 2026, supporting a stable funding base.
Long-term debt declined sharply from 2025 levels, reducing balance sheet leverage.
Retained earnings and equity have increased, indicating the company is building capital over time.
Balance sheet growth has been significant, but a lot of it has been tied to securities positioning rather than loan growth alone.
Non-interest income is helpful, but it remains a smaller contributor than net interest income.
Interest expense remains elevated, which can pressure margins if rates stay high.
Net cash change was negative in Q1 2026 because of heavy investment purchases and financing activity.

Bottom line: SmartFinancial looks like a bank that has moved from a lower-earnings phase in 2022-2023 into a more profitable and steadier operating profile. The latest quarter showed stable profitability, decent operating cash flow, and improved capital. The main risks are funding costs, large swings in investing cash flow, and the possibility that credit losses could rise if the macro environment weakens.

07/21/26 06:09 AM ETAI Generated. May Contain Errors.

SmartFinancial Financials - Frequently Asked Questions

According to the most recent income statement we have on file, SmartFinancial's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

SmartFinancial's net income appears to be on an upward trend, with a most recent value of $50.35 million in 2025, rising from $1.51 million in 2015. The previous period was $36.14 million in 2024. See SmartFinancial's forecast for analyst expectations on what's next for the company.

Over the last 10 years, SmartFinancial's total revenue changed from $27.24 million in 2015 to $200.46 million in 2025, a change of 635.9%.

SmartFinancial's total liabilities were at $5.31 billion at the end of 2025, a 10.9% increase from 2024, and a 474.6% increase since 2015.

In the past 10 years, SmartFinancial's cash and equivalents has ranged from $33.21 million in 2019 to $1.16 billion in 2021, and is currently $56.47 million as of their latest financial filing in 2025.

Over the last 10 years, SmartFinancial's book value per share changed from 17.46 in 2015 to 32.44 in 2025, a change of 85.7%.

Related Companies

Financial statements for NASDAQ:SMBK last updated on 5/20/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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SmartFinancial (SMBK) Financials

Financials Breakdown Chart

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SmartFinancial (SMBK) Financials

Annual Income Statements for SmartFinancial

Quarterly Income Statements for SmartFinancial

Annual Cash Flow Statements for SmartFinancial

Quarterly Cash Flow Statements for SmartFinancial

Annual Balance Sheets for SmartFinancial

Quarterly Balance Sheets for SmartFinancial

Annual Metrics And Ratios for SmartFinancial

Quarterly Metrics And Ratios for SmartFinancial

Financials Breakdown Chart

Key Financial Trends

SmartFinancial Financials - Frequently Asked Questions

When does SmartFinancial's fiscal year end?

How has SmartFinancial's net income changed over the last 10 years?

How has SmartFinancial's revenue changed over the last 10 years?

How much debt does SmartFinancial have?

How much cash does SmartFinancial have?

How has SmartFinancial's book value per share changed over the last 10 years?

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