Company research
SMARTFINANCIAL INC.
CIK 1038773Updated Sep 27, 2026
SecuritySMBK · NYSE · equity
Name history
CORNERSTONE BANCSHARES INC · through Aug 24, 2015EAST RIDGE BANCSHARES INC · through Jun 24, 1997
SMBK price & chart
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NYSE:SMBK on TradingView ↗About the company
SmartFinancial, Inc., based in Knoxville, Tennessee, is the bank holding company for SmartBank. SmartBank is a full-service commercial bank founded in 2007, with branches across Tennessee, Alabama, and Florida and loan production offices in Tennessee and Georgia. Recruiting the best people, delivering exceptional client service, strategic branching, and a disciplined approach to lending have contributed to SmartBank’s success. More information about SmartFinancial can be found on its website: www.smartfinancialinc.com.
In the news
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Recent filings
4 filing
10-Q filing
Results of Operations and Financial Condition · Regulation FD Disclosure
Items 2.02, 7.01, 9.01
4 filing
Submission of Matters to a Vote of Security Holders
Items 5.07
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 5,860,810,000Source | 5,275,904,000Source | 4,829,387,000Source | 4,637,498,000Source |
| Property, Plant and Equipment, NetUSD | 88,387,000Source | 91,093,000Source | 92,963,000Source | 92,511,000Source |
| GoodwillUSD | 90,371,000Source | 96,100,000Source | 96,145,000Source | 96,145,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 464,417,000Source | 387,570,000Source | 352,271,000Source | 266,424,000Source |
| Operating Lease, Right-of-Use AssetUSD | 11,152,000Source | 11,951,000Source | 9,894,000Source | 9,314,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 5,308,318,000Source | 4,784,443,000Source | 4,369,501,000Source | 4,205,046,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 17,029,000Source | 16,926,000Source | 16,989,000Source | 16,901,000Source |
| Additional Paid in CapitalUSD | 295,950,000Source | 294,269,000Source | 295,699,000Source | 294,330,000Source |
| Retained Earnings (Accumulated Deficit)USD | 248,719,000Source | 203,824,000Source | 173,105,000Source | 156,545,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -9,319,000Source | -23,671,000Source | -25,907,000Source | -35,324,000Source |
| Stockholders' Equity Attributable to ParentUSD | 552,379,000Source | 491,348,000Source | 459,886,000Source | 432,452,000Source |
| Liabilities and EquityUSD | 5,860,810,000Source | 5,275,904,000Source | 4,829,387,000Source | 4,637,498,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 113,000Source | 113,000Source | — | — |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 8,501,000Source | 7,902,000Source | 7,817,000Source | 8,079,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 50,347,000Source | 36,141,000Source | 28,593,000Source | 43,022,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 5,000,000Source | 5,200,000Source | 5,100,000Source | 4,700,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 1,939,000Source | 1,629,000Source | 1,349,000Source | 1,300,000Source |
| Deferred Income Tax Expense (Benefit)USD | -470,000Source | 120,000Source | 1,309,000Source | -555,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 61,724,000Source | 52,700,000Source | 39,716,000Source | 56,793,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -499,048,000Source | -420,222,000Source | -135,240,000Source | -840,818,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 2,389,000Source | 6,405,000Source | 6,270,000Source | 12,487,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | 2,967,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 514,171,000Source | 402,821,000Source | 181,371,000Source | 5,372,000Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | — | 166,600,000Source | 30,775,000Source | 76,300,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 76,847,000Source | 35,299,000Source | 85,847,000Source | -778,653,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 464,417,000Source | 387,570,000Source | 352,271,000Source | 266,424,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 116,443,000Source | 113,665,000Source | 85,443,000Source | 21,356,000Source |
| Income Taxes Paid, NetUSD | 12,390,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,150,000Source | 2,425,000Source | 2,624,000Source | 2,607,000Source |
| Bank Owned Life Insurance IncomeUSD | 3,608,000Source | 2,483,000Source | 1,964,000Source | 1,851,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | 5,153,000Source | 3,029,000Source | — |
| Gain (Loss) on Disposition of BusinessUSD | 3,955,000Source | — | — | — |
| Gain (Loss) on Sale of Mortgage LoansUSD | 2,565,000Source | 1,463,000Source | 1,040,000Source | 1,552,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -14,000Source | 1,647,000Source | -19,000Source | 244,000Source |
| GoodwillUSD | 90,371,000Source | 96,100,000Source | 96,145,000Source | 96,145,000Source |
| Goodwill, Impairment LossUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 11,154,000Source | 9,318,000Source | 7,633,000Source | 11,886,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 36,141,000Source | 28,593,000Source | 43,022,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 50,347,000Source | 36,141,000Source | 28,593,000Source | 43,022,000Source |
| Operating Lease, ExpenseUSD | 1,900,000Source | 2,000,000Source | 1,800,000Source | 1,700,000Source |
| Proceeds from Issuance of Common StockUSD | 153,000Source | 68,000Source | 108,000Source | 191,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 2,500,000Source | 160,100,000Source | 26,275,000Source | 30,885,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 72,289,000Source | 57,985,000Source | 56,273,000Source | 39,614,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | 113,000Source | — | — |
| Provision for Loan, Lease, and Other LossesUSD | 7,750,000Source | — | — | — |
| Financing Receivable, Credit Loss, Expense (Reversal)USD | 6,700,000Source | 5,100,000Source | 3,800,000Source | 4,018,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 61,501,000Source | 45,459,000Source | 36,226,000Source | 54,908,000Source |
| Income Tax Expense (Benefit)USD | 11,154,000Source | 9,318,000Source | 7,633,000Source | 11,886,000Source |
| Net Income (Loss) Attributable to ParentUSD | — | 36,141,000Source | 28,593,000Source | 43,022,000Source |
| Earnings Per Share, BasicUSD per share | 3Source | 2.16Source | 1.7Source | 2.57Source |
| Earnings Per Share, DilutedUSD per share | 2.98Source | 2.14Source | 1.69Source | 2.55Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 16,779,019Source | 16,768,956Source | 16,805,068Source | 16,740,450Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 16,896,519Source | 16,875,456Source | 16,911,185Source | 16,871,369Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 2,150,000Source | 2,425,000Source | 2,624,000Source | 2,607,000Source |
| Bank Owned Life Insurance IncomeUSD | 3,608,000Source | 2,483,000Source | 1,964,000Source | 1,851,000Source |
| Business Combination, Acquisition Related CostsUSD | 1,326,000Source | — | 110,000Source | 562,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 7,590,000Source | 8,990,000Source | 10,874,000Source | 10,037,000Source |
| FinancingReceivableExcludingAccruedInterestCreditLossExpenseReversalUSD | — | 5,153,000Source | 3,029,000Source | — |
| Goodwill, Impairment LossUSD | — | — | — | 0Source |
| Interest ExpenseUSD | — | — | 87,963,000Source | 21,333,000Source |
| Interest Expense, DebtUSD | — | — | 936,000Source | 602,000Source |
| InterestExpenseOperatingUSD | 119,868,000Source | 113,769,000Source | — | — |
| Interest Income (Expense), NetUSD | 166,104,000Source | 137,350,000Source | 130,080,000Source | 137,501,000Source |
| Interest Income, OperatingUSD | 285,972,000Source | 251,119,000Source | 218,043,000Source | 158,834,000Source |
| Labor and Related ExpenseUSD | 78,297,000Source | 72,100,000Source | 65,749,000Source | 63,420,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 50,347,000Source | 36,141,000Source | 28,593,000Source | 43,022,000Source |
| Operating Lease, ExpenseUSD | 1,900,000Source | 2,000,000Source | 1,800,000Source | 1,700,000Source |
Offerings
Registration 333-290782
Filing attachments
smbk-20260720xex99d1.htm · 8-K · 2026-07-20
EX-99.1 2 smbk-20260720xex99d1.htm EX-99.1 Exhibit 99.1 2Q 2026 SmartFinancial Announces Results for the Second Quarter 2026 Regular Quarterly Cash Dividend KNOXVILLE, TN - July 20, 2026 - SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NYSE: SMBK), today announced net income of $16.3 million, or $0.96 per diluted common share, for the second quarter of 2026, compared to net income of $11.7 million, or $0.69 per diluted common share, for the second quarter of 2025, and compared …
Read attachment ↗smbk-20260720xex99d2.htm · 8-K · 2026-07-20
EX-99.2 3 smbk-20260720xex99d2.htm EX-99.2 Exhibit 99.2 1 INVESTOR CALL 2Q 2026 July 21, 2026, 10:00am ET Webcast: www.smartbank.com (Investor Relations) Audio Only: 1 -833 -461 -5787 Access Code: 208 155 555 Miller Welborn Chairman of the Board Billy Carroll President & CEO Ron Gorczynski CFO ────────────────────────────── (i) Operating earnings (ii) Operating revenue (iii) Operating noninterest income (iv) Operating noninterest expense (v) Ope…
Read attachment ↗smbk-20260430xex99d1.htm · 8-K · 2026-04-30
EX-99.1 2 smbk-20260430xex99d1.htm EX-99.1 Exhibit 99.1 SMARTFINANCIAL APPROVES REGULAR QUARTERLY CASH DIVIDEND KNOXVILLE, Tenn., April 30, 2026 - SmartFinancial, Inc. (“SmartFinancial”) (NYSE: SMBK), the parent company for SmartBank, announced that on April 30, 2026, the board of directors of SmartFinancial declared a quarterly cash dividend of $0.09 per share of SmartFinancial common stock payable on June 1, 2026, to shareholders of record as of the close of business on May 15, 2026. Th…
Read attachment ↗smbk-20260420xex99d1.htm · 8-K · 2026-04-20
EX-99.1 2 smbk-20260420xex99d1.htm EX-99.1 Exhibit 99.1 1Q 2026 SmartFinancial Announces Results for the First Quarter 2026 KNOXVILLE, TN - April 20, 2026 - SmartFinancial, Inc. ("SmartFinancial" or the "Company"; NYSE: SMBK), today announced net income of $13.7 million, or $0.81 per diluted common share, for the first quarter of 2026, compared to net income of $11.3 million, or $0.67 per diluted common share, for the first quarter of 2025, and compared to prior quarter net income of $13.…
Read attachment ↗smbk-20260420xex99d2.htm · 8-K · 2026-04-20
EX-99.2 3 smbk-20260420xex99d2.htm EX-99.2 Exhibit 99.2 1 INVESTOR CALL 1Q 2026 April 20, 2026, 10:00am ET Webcast: www.smartbank.com (Investor Relations) Audio Only: 1 -833 -470 -1428 Access Code: 156265 Miller Welborn Chairman of the Board Billy Carroll President & CEO Ron Gorczynski CFO ────────────────────────────── (i) Operating earnings (ii) Operating noninterest income (iii) Operating noninterest expense (iv) Operating pre-provision net rev…
Read attachment ↗smbk-20260331xex99d1.htm · 8-K · 2026-03-31
EX-99.1 2 smbk-20260331xex99d1.htm EX-99.1 Exhibit 99.1 SMARTBANK STRENGTHENS EXECUTIVE TEAM WITH APPOINTMENT OF CYNTHIA A. CAIN AS CHIEF OPERATING OFFICER KNOXVILLE, Tenn., March 31, 2026 - SmartBank announced today the promotion of Cynthia A. Cain to Chief Operating Officer (“COO”), effective immediately. The addition of the COO role reflects SmartBank’s continued focus on strengthening its leadership structure and positioning the organization for long-term growth amid rapid industry cha…
Read attachment ↗