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SmartFinancial (SMBK) Financials

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$28.81 +0.76 (+2.71%)
Closing price 04/17/2025 03:59 PM Eastern
Extended Trading
$28.86 +0.05 (+0.19%)
As of 04/17/2025 04:05 PM Eastern
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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 2022 2023 2024
Net Income / (Loss) Attributable to Common Shareholders
43 29 36
Consolidated Net Income / (Loss)
43 29 36
Net Income / (Loss) Continuing Operations
43 29 36
Total Pre-Tax Income
55 36 45
Total Revenue
165 152 172
Net Interest Income / (Expense)
138 130 137
Total Interest Income
159 218 251
Loans and Leases Interest Income
136 186 214
Investment Securities Interest Income
14 18 22
Other Interest Income
8.49 13 16
Total Interest Expense
21 88 114
Deposits Interest Expense
18 84 109
Long-Term Debt Interest Expense
3.11 3.70 4.51
Total Non-Interest Income
28 22 34
Service Charges on Deposit Accounts
5.85 6.51 6.86
Other Service Charges
16 16 20
Net Realized & Unrealized Capital Gains on Investments
0.14 -6.80 0.06
Investment Banking Income
4.14 5.11 5.95
Other Non-Interest Income
1.55 1.04 1.58
Provision for Credit Losses
4.02 3.03 5.15
Total Non-Interest Expense
106 113 121
Salaries and Employee Benefits
63 66 72
Net Occupancy & Equipment Expense
19 23 24
Marketing Expense
1.29 1.34 1.32
Property & Liability Insurance Claims
2.67 3.16 3.39
Other Operating Expenses
16 17 18
Amortization Expense
2.61 2.62 2.43
Restructuring Charge
0.56 0.11 0.00
Income Tax Expense
12 7.63 9.32
Basic Earnings per Share
$2.57 $1.70 $2.16
Weighted Average Basic Shares Outstanding
16.74M 16.81M 16.77M
Diluted Earnings per Share
$2.55 $1.69 $2.14
Weighted Average Diluted Shares Outstanding
16.87M 16.91M 16.88M
Weighted Average Basic & Diluted Shares Outstanding
17.00M 17.06M 17.02M
Cash Dividends to Common per Share
$0.28 $0.32 $0.32

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

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

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

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

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

Annual Metrics and Ratios for SmartFinancial

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

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

Quarterly Metrics and Ratios for SmartFinancial

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

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

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.

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%.



This page (NASDAQ:SMBK) was last updated on 4/19/2025 by MarketBeat.com Staff
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