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SMBK

SmartFinancial, Inc.

SMBK

SmartFinancial, Inc. • NASDAQ
$36.26 ▼ -0.82% (-0.30)
Market Cap $617.44 M
52w High $37.92
52w Low $26.31
Dividend Yield 0.32%
P/E 13.23
Volume 33.94K
Outstanding Shares 17.03M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $79.2M ▲ $29.914M ▼ $13.686M ▲ 17.28% ▲ $0.82 ▲ $19.467M ▲
Q2-2025 $78.351M ▲ $32.569M ▲ $11.705M ▲ 14.939% ▼ $0.7 ▲ $16.976M ▲
Q1-2025 $74.973M ▼ $32.296M ▲ $11.254M ▲ 15.011% ▲ $0.67 ▲ $16.297M ▲
Q4-2024 $75.126M ▲ $32.291M ▲ $9.641M ▲ 12.833% ▲ $0.57 ▲ $15.078M ▲
Q3-2024 $73.095M $30.846M $9.14M 12.504% $0.55 $13.583M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $926.582M ▲ $5.785B ▲ $5.247B ▲ $538.369M ▲
Q2-2025 $682.11M ▼ $5.491B ▲ $4.972B ▲ $519.014M ▲
Q1-2025 $910.627M ▲ $5.411B ▲ $4.905B ▲ $505.828M ▲
Q4-2024 $684.732M ▼ $5.276B ▲ $4.784B ▲ $491.348M ▲
Q3-2024 $691.743M $4.909B $4.42B $489.023M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $13.685M ▲ $16.885M ▲ $-95.252M ▲ $270.398M ▲ $192.031M ▲ $16.557M ▲
Q2-2025 $11.705M ▲ $14.022M ▼ $-133.371M ▼ $61.461M ▼ $-57.888M ▼ $13.244M ▼
Q1-2025 $11.254M ▲ $14.287M ▼ $-98.978M ▲ $120.105M ▼ $35.414M ▼ $13.358M ▼
Q4-2024 $9.641M ▲ $16.684M ▲ $-183.925M ▼ $361.897M ▲ $194.656M ▲ $15.351M ▲
Q3-2024 $9.14M $12.397M $-160.532M $-1.786M $-149.921M $11.342M

Five-Year Company Overview

Income Statement

Income Statement Revenue has trended steadily upward over the past several years, showing that SmartFinancial is growing its banking franchise rather than standing still. Profitability has generally kept pace with this growth: core earnings and operating profit have remained healthy, with only modest swings. Earnings per share rose strongly through 2022, then stepped down in 2023, likely reflecting industry-wide pressure from funding costs and interest rate shifts, and improved again in 2024 though not back to the prior peak. Overall, the income statement points to a growing, reasonably efficient bank that has handled a tougher interest-rate environment with some compression but no clear signs of structural weakness.

Balance Sheet

Balance Sheet The balance sheet shows a bank that has scaled up while maintaining a solid capital base. Total assets have expanded meaningfully over five years, reflecting loan growth and broader reach. Equity has grown steadily, which supports resilience and regulatory capital strength. Debt usage is low relative to the size of the balance sheet, suggesting a conservative funding profile. Cash levels have moved around more, with a notable spike a few years ago and then a normalization, which is typical as banks reposition liquidity around rate and loan opportunities. Overall, the balance sheet looks conservatively structured, but as with any regional bank, asset quality and local economic conditions remain key variables to monitor.

Cash Flow

Cash Flow SmartFinancial has consistently generated positive cash flow from its core operations, which is what you want to see from a bank that says its model is working. Free cash flow has also been positive and relatively stable, indicating that the bank’s growth and technology spending are being funded comfortably from internal cash generation rather than heavy borrowing. Investment in physical and technology-related assets appears measured rather than aggressive. The pattern suggests a business that is cash-generative and able to support expansion, dividends or buybacks, and risk buffers, though future cash flows will still be sensitive to credit cycles and interest rate moves.

Competitive Edge

Competitive Edge SmartFinancial competes as a regional, relationship-focused bank in growing Southeast markets such as Tennessee, Alabama, and Florida. Its edge comes from combining personalized, “high-touch” service—especially for business owners and higher-net-worth clients—with fairly modern digital tools. The bank’s private banking, wealth management, and insurance offerings help deepen relationships and diversify revenue beyond basic loans and deposits. Its disciplined credit culture and historically low troubled loans also support its reputation. On the other hand, it faces intense competition from both larger national banks with more resources and smaller local banks with deep community ties, plus ongoing pressure from fintechs and online lenders. Its footprint is still relatively concentrated regionally, which can magnify the impact of local economic downturns or real estate cycles.

Innovation and R&D

Innovation and R&D While SmartFinancial does not do “R&D” in the tech-company sense, it has clearly invested in financial technology and process innovation. The use of the nCino cloud platform to manage commercial lending is a notable example: it streamlines loan origination, supports faster decisions, and makes it easier to integrate acquired banks on a common system. The bank also offers a range of digital treasury tools—remote deposit capture, fraud protection services, and business mobile banking—that help it compete credibly for commercial and professional clients. Its partnerships in wealth management and its in-house insurance agency extend the product set without requiring SmartFinancial to build everything from scratch. The main opportunity is to keep layering new digital capabilities onto its relationship model to deepen client loyalty and cross-sell more services, while the main risk is the need for ongoing investment to stay current with larger peers and evolving customer expectations.

Summary

SmartFinancial looks like a steadily growing regional bank that has leaned into technology while preserving a relationship-driven culture. Its income statement shows rising revenue and generally solid profitability with some recent pressure that mirrors broader banking trends. The balance sheet appears conservatively managed, with growing equity, modest leverage, and shifting but adequate liquidity. Cash flows from operations are consistently positive and comfortably cover investment needs. Competitively, the bank stands out through high-touch service, private banking, wealth, and insurance offerings, all supported by modern digital tools, but it still must contend with intense competition, economic cycles, and regulatory and interest-rate uncertainty. The overall picture is of a tech-forward community bank that has executed reasonably well so far, with future performance hinging on credit quality, integration of acquisitions, and continued success in balancing personal service with digital innovation.

NEWS

November 3, 2025 · 5:00 PM UTC

SmartFinancial Approves Regular Quarterly Cash Dividend

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October 21, 2025 · 5:00 PM UTC

SmartFinancial Announces Results for the Third Quarter 2025

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October 2, 2025 · 5:00 PM UTC

SmartFinancial Sets Dates for Third Quarter Earnings Release and Conference Call

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