Smartfinancial Inc. (SMBK) Financial Statements
Industry: National Commercial Banks
In fiscal 2025, Smartfinancial reported revenue of $200.5M, up 16.9% from $171.5M the year before. Net income was $50.3M (a 25.1% net margin), or $2.98 per diluted share. Net interest income was $166.1M, and the efficiency ratio (noninterest expense / revenue) was 65.5%. Operating activities generated $61.7M of cash, leaving $59.3M of free cash flow. At fiscal year end, Smartfinancial held $5.86B in total assets against $5.31B in total liabilities, including $464.4M of cash and equivalents.
Open the full interactive Smartfinancial financials → Quarterly statements, key ratios, valuation history and price charts.
Smartfinancial Key Stats
| Share Price | $50.22 |
|---|---|
| Market Cap | $851.8M |
| P/E Ratio | 16.9 |
| Dividend Yield | 0.66% |
| Revenue YoY Growth | +16.9% |
| 52-Week Range | $33.55 – $53.23 |
| Shares Outstanding | 16.8 million (basic, 2026 Q2) |
Smartfinancial Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Net Interest Income | $100.9M | $113.4M | $137.5M | $130.1M | $137.3M | $166.1M |
| Provision for Credit Losses | $8.7M | $1.6M | $4.0M | $3.0M | $5.1M | $7.8M |
| Noninterest Income | $15.4M | $23.9M | $27.7M | $22.3M | $34.2M | $34.4M |
| Noninterest Expense | $76.7M | $91.4M | $106.3M | $113.2M | $120.9M | $131.2M |
| Revenue | $116.3M | $137.3M | $165.2M | $152.4M | $171.5M | $200.5M |
| Pre-Tax Income | $30.9M | $44.3M | $54.9M | $36.2M | $45.5M | $61.5M |
| Income Tax | $6.6M | $9.5M | $11.9M | $7.6M | $9.3M | $11.2M |
| Net Income | $24.3M | $34.8M | $43.0M | $28.6M | $36.1M | $50.3M |
| Diluted EPS | $1.62 | $2.22 | $2.55 | $1.69 | $2.14 | $2.98 |
Smartfinancial Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $51.1M | $53.3M | $53.8M | $56.0M |
| Net Income | $13.7M | $13.7M | $13.7M | $16.3M |
| Diluted EPS | $0.81 | $0.81 | $0.81 | $0.96 |
Smartfinancial Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $481.7M | $1.05B | $266.4M | $352.3M | $387.6M | $464.4M |
| Loans (Net) | — | $2.67B | $3.23B | $3.41B | $3.87B | $4.32B |
| Total Assets | $3.30B | $4.61B | $4.64B | $4.83B | $5.28B | $5.86B |
| Deposits | $2.81B | $4.02B | $4.08B | $4.27B | $4.69B | $5.15B |
| Total Long-Term Debt | $75.4M | $129.5M | $83.9M | $55.2M | $47.8M | $101.7M |
| Total Liabilities | $2.95B | $4.18B | $4.21B | $4.37B | $4.78B | $5.31B |
| Shareholders' Equity | $357.2M | $429.4M | $432.5M | $459.9M | $491.3M | $552.4M |
Smartfinancial Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $29.1M | $46.2M | $56.8M | $39.7M | $52.7M | $61.7M |
| Cash From Investing | -$259.3M | -$265.0M | -$840.8M | -$135.2M | -$420.2M | -$499.0M |
| Cash From Financing | $528.0M | $782.2M | $5.4M | $181.4M | $402.8M | $514.2M |
| Free Cash Flow | $23.6M | $43.8M | $44.3M | $33.4M | $46.3M | $59.3M |
| Dividends Paid | $3.0M | $3.7M | $4.7M | $5.4M | $5.4M | $5.5M |
Figures from Smartfinancial's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Smartfinancial financials page for every line item.
Smartfinancial Company Profile
| Ticker | SMBK |
|---|---|
| Exchange | NYSE |
| Industry | National Commercial Banks |
| Headquarters | Knoxville, Tennessee |
| Incorporated in | Tennessee |
| Fiscal Year End | December 31 |
| SEC Filer Category | Accelerated filer |
| SEC CIK | 0001038773 |
Frequently Asked Questions
What was Smartfinancial's revenue in fiscal 2025?
Smartfinancial (SMBK) reported revenue of $200.5M for fiscal 2025.
What is Smartfinancial's annual revenue history?
Smartfinancial's annual revenue by fiscal year: 2020: $116.3M; 2021: $137.3M; 2022: $165.2M; 2023: $152.4M; 2024: $171.5M; 2025: $200.5M.
What was Smartfinancial's net income in fiscal 2025?
Smartfinancial reported net income of $50.3M for fiscal 2025.
What was Smartfinancial's earnings per share (EPS) in fiscal 2025?
Smartfinancial's diluted EPS was $2.98 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Smartfinancial generate in fiscal 2025?
Smartfinancial generated $59.3M of free cash flow in fiscal 2025.
What was Smartfinancial's revenue last quarter?
In its most recent reported quarter (2026 Q2), Smartfinancial reported revenue of $56.0M.
How much debt does Smartfinancial have?
Smartfinancial reported $101.7M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Smartfinancial are outstanding?
Smartfinancial reported a weighted average of 16.8 million basic shares outstanding in 2026 Q2.
What is Smartfinancial's market cap?
Based on its latest closing price, Smartfinancial (SMBK) has a market capitalization of about $851.8M.
When does Smartfinancial's fiscal year end?
Smartfinancial's fiscal year end, as registered with the SEC, is December 31.
Where is Smartfinancial headquartered?
Smartfinancial lists its business address in Knoxville, Tennessee in its SEC filings.