SMBK · SMARTFINANCIAL INC.
SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in the United States. The company offers various deposits, including noninterest-bearing and interest-bearing checking, savings, money market, and individual retirement accounts, as well as certificates of deposit. It also provides commercial and residential real estate, consumer real estate, construction and land development, commercial and industrial, and consumer and other loans, as well as leases to small and mid-size companies for equipment financing leases. In addition, the company offers wealth management, insurance, mortgage origination, and internet and mobile banking services. It operates in Tennessee, Alabama, and Florida. SmartFinancial, Inc. is based in Knoxville, Tennessee.
Cap structure and valuation
| Cap structure | |
|---|---|
| SP | $47.54 |
| SO | 17.1M |
| Options | 0.0M |
| Warrants | 0.0M |
| FD SO | 17.1M |
| MC | $812.9M |
| Cash | $346.1M |
| Total debt | $3.2M ⚠ |
| EV | $470.1M |
| TTM Multiples | |
|---|---|
| EV / Revenue | 1.6x |
| EV / EBITDA | — |
| MC / Net Income | 15.4x |
| EV / FCF | 8.4x |
| MC / FCF | 14.5x |
| Ownership & coverage | |
|---|---|
| Institutional | 64.6% |
| Insiders | 11.1% |
| # Institutions | 240 |
| Analysts | 6 |
| Consensus | Buy |
| Avg target | $47.96 |
| Short % float | 1.9% |
| Days to cover | 2.42 |
MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2026-05-08. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.
Debt figure uncertain — deposit-funded financial institution — debt/EV not a meaningful metric. Verify against the filing before relying on EV.
Financial statements
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Total Revenue | 73.58 | 73.79 | 72.92 | 69.95 |
| Revenue YoY % | 10.9% | 10.2% | 14.2% | 19.7% |
| Gross Profit | 47.74 | 46.98 | 44.05 | 41.15 |
| Gross Profit YoY % | 22.3% | 21.5% | 20.3% | 21.6% |
| Gross Margin % | 64.9% | 63.7% | 60.4% | 58.8% |
| SG&A | 32.91 | 32.47 | 33.87 | 32.57 |
| Interest Expense | 45.88 | 45.09 | 42.43 | 40.34 |
| Pretax Income | 16.76 | 16.71 | 16.97 | 14.26 |
| Tax Provision | 3.08 | 3.01 | 3.29 | 2.56 |
| Net Income | 13.68 | 13.70 | 13.69 | 11.71 |
| Net Margin % | 18.6% | 18.6% | 18.8% | 16.7% |
| Diluted EPS | $0.81 | $0.81 | $0.81 | $0.69 |
| Basic EPS | $0.81 | $0.82 | $0.82 | $0.70 |
| Diluted Avg Shares | 16.9 | — | 16.9 | 16.9 |
| Basic Avg Shares | 16.8 | — | 16.8 | 16.8 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Total Revenue | 290.24 | 283.02 | 247.71 | 208.80 | 164.10 |
| Revenue YoY % | 2.6% | 14.3% | 18.6% | 27.2% | — |
| Gross Profit | 179.92 | 171.22 | 141.86 | 130.08 | 137.50 |
| Gross Profit YoY % | 5.1% | 20.7% | 9.1% | (5.4%) | — |
| Gross Margin % | 62.0% | 60.5% | 57.3% | 62.3% | 83.8% |
| SG&A | 131.82 | 131.21 | 120.89 | 113.15 | 106.29 |
| Interest Expense | 173.74 | 166.10 | 137.35 | 87.96 | 21.33 |
| Pretax Income | 64.71 | 61.50 | 45.46 | 36.23 | 54.91 |
| Tax Provision | 11.93 | 11.15 | 9.32 | 7.63 | 11.89 |
| Net Income | 52.77 | 50.35 | 36.14 | 28.59 | 43.02 |
| Net Income to Common | — | 50.35 | 36.14 | 28.59 | 43.02 |
| Net Margin % | 18.2% | 17.8% | 14.6% | 13.7% | 26.2% |
| Diluted EPS | $3.12 | $2.98 | $2.14 | $1.69 | $2.55 |
| Basic EPS | $3.15 | $3.00 | $2.16 | $1.70 | $2.57 |
| Diluted Avg Shares | 16.9 | 16.9 | 16.9 | 16.9 | 16.9 |
| Basic Avg Shares | 16.8 | 16.8 | 16.8 | 16.8 | 16.7 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Cash & Equivalents | 346.07 | 464.42 | 557.13 | 365.10 |
| Net PPE | 93.36 | 88.39 | 89.25 | 90.20 |
| Operating Lease ROU | 10.75 | 11.15 | 11.55 | 11.82 |
| Goodwill | 90.40 | 90.40 | 90.37 | 96.10 |
| Intangible Assets | 4.50 | 4.96 | 5.43 | 7.44 |
| Other Assets | 5,362.60 | 5,201.50 | 5,031.25 | 4,920.20 |
| Total Assets | 5,907.69 | 5,860.81 | 5,784.98 | 5,490.86 |
| Long-term Debt | 3.20 | 3.00 | 1.30 | 7.00 |
| Other Liabilities | 5,342.32 | 5,305.32 | 5,245.20 | 4,964.74 |
| Total Liabilities | 5,345.52 | 5,308.32 | 5,246.50 | 4,971.74 |
| Retained Earnings | 261.03 | 248.72 | 236.38 | 224.06 |
| Total Equity | 562.16 | 552.49 | 538.48 | 519.13 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Cash & Equivalents | 346.07 | 464.42 | 387.57 | 352.27 | 266.42 |
| Net PPE | 93.36 | 88.39 | 91.09 | 92.96 | 92.51 |
| Operating Lease ROU | 10.75 | 11.15 | 11.95 | 9.89 | 9.31 |
| Goodwill | 90.40 | 90.40 | 96.10 | 96.10 | 96.14 |
| Intangible Assets | 4.50 | 4.96 | 8.58 | 11.00 | 13.63 |
| Other Assets | 5,362.60 | 5,201.50 | 4,680.61 | 4,267.16 | 4,159.48 |
| Total Assets | 5,907.69 | 5,860.81 | 5,275.90 | 4,829.39 | 4,637.50 |
| Long-term Debt | 3.20 | 3.00 | 8.10 | 13.10 | 41.90 |
| Other Liabilities | 5,342.32 | 5,305.32 | 4,776.34 | 4,356.40 | 4,163.15 |
| Total Liabilities | 5,345.52 | 5,308.32 | 4,784.44 | 4,369.50 | 4,205.05 |
| Retained Earnings | 261.03 | 248.72 | 203.82 | 173.10 | 156.54 |
| Total Equity | 562.16 | 552.49 | 491.46 | 459.89 | 432.45 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Net Income | 13.68 | 13.70 | 13.69 | 11.71 |
| D&A | 1.30 | 1.31 | 1.96 | 2.15 |
| Stock-Based Comp | 0.71 | 0.23 | 0.48 | 0.47 |
| Δ Working Cap & Other | 0.67 | 1.29 | 0.76 | (0.30) |
| Operating Cash Flow | 16.36 | 16.53 | 16.89 | 14.02 |
| CapEx | (6.20) | (0.35) | (0.33) | (0.78) |
| Other Investing | (170.44) | (171.09) | (94.92) | (132.59) |
| Investing Cash Flow | (176.65) | (171.45) | (95.25) | (133.37) |
| Debt Issuance | — | 1.50 | 0.00 | — |
| Debt Repayment | — | — | (4.00) | — |
| Stock Issuance | — | (0.00) | 0.09 | 0.00 |
| Dividends Paid | (1.37) | (1.36) | (1.37) | (1.36) |
| Other Financing | 43.31 | 62.07 | 275.67 | 62.83 |
| Financing Cash Flow | 41.94 | 62.21 | 270.40 | 61.46 |
| Free Cash Flow | 10.16 | 16.18 | 16.56 | 13.24 |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Net Income | 52.77 | 50.35 | 36.14 | 28.59 | 43.02 |
| D&A | 6.72 | 5.00 | 5.20 | 5.10 | 4.70 |
| Stock-Based Comp | 1.89 | 1.94 | 1.63 | 1.35 | 1.30 |
| Δ Working Cap & Other | 2.41 | 4.44 | 9.73 | 4.67 | 7.77 |
| Operating Cash Flow | 63.80 | 61.72 | 52.70 | 39.72 | 56.79 |
| CapEx | (7.66) | (2.39) | (6.41) | (6.27) | (12.49) |
| Other Investing | (569.05) | (496.66) | (413.82) | (128.97) | (828.33) |
| Investing Cash Flow | (576.72) | (499.05) | (420.22) | (135.24) | (840.82) |
| Debt Issuance | — | 2.50 | 160.10 | 26.27 | 30.89 |
| Debt Repayment | — | — | (166.60) | (30.77) | (76.30) |
| Stock Issuance | — | 0.15 | 0.07 | 0.17 | 0.40 |
| Stock Buyback | — | — | (2.97) | — | — |
| Dividends Paid | (5.46) | (5.45) | (5.42) | (5.43) | (4.72) |
| Other Financing | 441.47 | 516.97 | 417.64 | 191.13 | 55.11 |
| Financing Cash Flow | 436.01 | 514.17 | 402.82 | 181.37 | 5.37 |
| Free Cash Flow | 56.13 | 59.34 | 46.30 | 33.45 | 44.31 |
| 3/31/26 | 12/31/25 | 9/30/25 | 6/30/25 | |
|---|---|---|---|---|
| Current Ratio | — | — | — | — |
| Quick Ratio | — | — | — | — |
| Debt / Equity | 9.51 | 9.61 | 9.74 | 9.58 |
| EBITDA Margin % | — | — | — | — |
| Working Capital | — | — | — | — |
| Net Debt | (342.87) | (461.42) | (555.83) | (358.10) |
| ROE % | 2.4% | 2.5% | 2.5% | 2.3% |
| ROA % | 0.2% | 0.2% | 0.2% | 0.2% |
| LTM | 12/31/25 | 12/31/24 | 12/31/23 | 12/31/22 | |
|---|---|---|---|---|---|
| Current Ratio | — | — | — | — | — |
| Quick Ratio | — | — | — | — | — |
| Debt / Equity | 9.51 | 9.61 | 9.74 | 9.50 | 9.72 |
| EBITDA Margin % | — | — | — | — | — |
| Working Capital | — | — | — | — | — |
| Net Debt | (342.87) | (461.42) | (379.47) | (339.17) | (224.52) |
| ROE % | 9.4% | 9.1% | 7.4% | 6.2% | 9.9% |
| ROA % | 0.9% | 0.9% | 0.7% | 0.6% | 0.9% |
Insider activity (last 2 years)
| Date Filed | Reporter | Relationship | Trans. Date | Code | Shares | Price | Total Value |
|---|---|---|---|---|---|---|---|
| 2026-06-10 | Barrett Victor Lynn | Director | 2026-06-10 | P | 3,000 | $43.78 | $131,340 |
| 2026-06-04 | Ackermann Cathy G | Director | 2026-06-04 | P | 3,000 | $42.12 | $126,360 |
| 2026-05-20 | Wolpert Geoffrey Alan | Director | 2026-05-19 | G | 31,118 | — | $0 |
| 2026-05-20 | Wolpert Geoffrey Alan | Director | 2026-05-19 | G | (31,118) | — | $-0 |
| 2026-05-20 | Wolpert Geoffrey Alan | Director | 2026-05-18 | G | (24,849) | — | $-0 |
| 2026-05-20 | Wolpert Geoffrey Alan | Director | 2026-05-01 | G | 23,721 | — | $0 |
| 2026-05-20 | Wolpert Geoffrey Alan | Director | 2026-05-01 | G | (23,721) | — | $-0 |
| 2026-05-04 | Shomaker Kelli D | Director | 2026-05-04 | P | 290 | $41.30 | $11,977 |
| 2026-04-24 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2026-04-24 | S | (500) | $41.85 | -$20,925 |
| 2026-03-11 | Boyd Rebecca C | Officer (CPO - CHIEF PEOPLE OFFICER) | 2026-03-10 | A | 1,913 | — | $0 |
| 2026-03-11 | Schrodt Martin E | Officer (EVP, Chief Banking Officer) | 2026-03-10 | A | 1,998 | — | $0 |
| 2026-03-11 | Trumpp Jarrod M | Officer (Chief Risk Officer) | 2026-03-10 | A | 990 | — | $0 |
| 2026-03-11 | Cain Cynthia A | Officer (CAO - CHIEF ACCOUNTING OFFICER) | 2026-03-10 | A | 2,052 | — | $0 |
| 2026-03-11 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2026-03-10 | A | 3,414 | — | $0 |
| 2026-03-11 | Gorczynski Ronald J | Officer (EVP & CHIEF FINANCIAL OFFICER) | 2026-03-10 | A | 3,752 | — | $0 |
| 2026-03-11 | Welborn Wesley Miller | Director, Officer (CHAIRMAN OF THE BOARD) | 2026-03-10 | A | 3,542 | — | $0 |
| 2026-03-11 | Carroll William Young Jr. | Director, Officer (PRESIDENT AND CEO) | 2026-03-10 | A | 9,450 | — | $0 |
| 2026-02-10 | Welborn Wesley Miller | Director, Officer (CHAIRMAN OF THE BOARD) | 2026-02-09 | P | 835 | $43.13 | $36,014 |
| 2026-01-30 | Ackermann Cathy G | Director | 2026-01-29 | A | 808 | — | $0 |
| 2026-01-30 | Wolpert Geoffrey Alan | Director | 2026-01-29 | A | 808 | — | $0 |
| 2026-01-30 | Whaley Keith Edward | Director | 2026-01-29 | A | 808 | — | $0 |
| 2026-01-30 | Tucker Steven B. | Director | 2026-01-29 | A | 808 | — | $0 |
| 2026-01-30 | Shomaker Kelli D | Director | 2026-01-29 | A | 808 | — | $0 |
| 2026-01-30 | Ogle David Austin | Director | 2026-01-29 | A | 808 | — | $0 |
| 2026-01-30 | Barrett Victor Lynn | Director | 2026-01-29 | A | 808 | — | $0 |
| 2026-01-28 | Shomaker Kelli D | Director | 2026-01-27 | P | 255 | $39.38 | $10,042 |
| 2026-01-02 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2026-01-01 | F | (816) | $36.99 | -$30,184 |
| 2026-01-02 | Gorczynski Ronald J | Officer (EVP & CHIEF FINANCIAL OFFICER) | 2026-01-01 | F | (842) | $36.99 | -$31,146 |
| 2026-01-02 | Carroll William Young Jr. | Director, Officer (PRESIDENT AND CEO) | 2026-01-01 | F | (1,807) | $36.99 | -$66,841 |
| 2026-01-02 | Cain Cynthia A | Officer (CAO - CHIEF ACCOUNTING OFFICER) | 2026-01-01 | F | (445) | $36.99 | -$16,461 |
| 2026-01-02 | Boyd Rebecca C | Officer (CPO - CHIEF PEOPLE OFFICER) | 2026-01-01 | F | (445) | $36.99 | -$16,461 |
| 2026-01-02 | Welborn Wesley Miller | Director, Officer (CHAIRMAN OF THE BOARD) | 2026-01-01 | F | (1,305) | $36.99 | -$48,272 |
| 2025-12-11 | Tucker Steven B. | Director | 2025-12-10 | S | (10,625) | $38.01 | -$403,856 |
| 2025-11-18 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2025-11-18 | S | (250) | $35.00 | -$8,750 |
| 2025-07-28 | Trumpp Jarrod M | Officer (Chief Risk Officer) | 2025-07-24 | A | 2,000 | — | $0 |
| 2025-07-24 | Shomaker Kelli D | Director | 2025-07-24 | A | 767 | — | $0 |
| 2025-03-17 | Carroll William Young Jr. | Director, Officer (PRESIDENT AND CEO) | 2025-03-14 | F | (471) | $31.68 | -$14,921 |
| 2025-02-04 | Welborn Wesley Miller | Director, Officer (CHAIRMAN OF THE BOARD) | 2025-02-03 | P | 1,162 | $34.75 | $40,380 |
| 2025-01-30 | Carroll William Young Jr. | Director, Officer (PRESIDENT AND CEO) | 2025-01-29 | A | 3,426 | — | $0 |
| 2025-01-30 | Carroll William Young Jr. | Director, Officer (PRESIDENT AND CEO) | 2025-01-29 | A | 10,000 | — | $0 |
| 2025-01-30 | Welborn Wesley Miller | Director, Officer (CHAIRMAN OF THE BOARD) | 2025-01-29 | A | 1,295 | — | $0 |
| 2025-01-30 | Welborn Wesley Miller | Director, Officer (CHAIRMAN OF THE BOARD) | 2025-01-29 | A | 5,000 | — | $0 |
| 2025-01-30 | Boyd Rebecca C | Officer (CPO - CHIEF PEOPLE OFFICER) | 2025-01-29 | A | 677 | — | $0 |
| 2025-01-30 | Boyd Rebecca C | Officer (CPO - CHIEF PEOPLE OFFICER) | 2025-01-29 | A | 2,500 | — | $0 |
| 2025-01-30 | Schrodt Martin E | Officer (EVP, Chief Banking Officer) | 2025-01-29 | A | 707 | — | $0 |
| 2025-01-30 | Schrodt Martin E | Officer (EVP, Chief Banking Officer) | 2025-01-29 | A | 2,500 | — | $0 |
| 2025-01-30 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2025-01-29 | A | 1,211 | — | $0 |
| 2025-01-30 | Cain Cynthia A | Officer (CAO - CHIEF ACCOUNTING OFFICER) | 2025-01-29 | A | 761 | — | $0 |
| 2025-01-30 | Cain Cynthia A | Officer (CAO - CHIEF ACCOUNTING OFFICER) | 2025-01-29 | A | 2,500 | — | $0 |
| 2025-01-30 | Gorczynski Ronald J | Officer (EVP & CHIEF FINANCIAL OFFICER) | 2025-01-29 | A | 1,247 | — | $0 |
| 2025-01-30 | Gorczynski Ronald J | Officer (EVP & CHIEF FINANCIAL OFFICER) | 2025-01-29 | A | 5,000 | — | $0 |
| 2025-01-29 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2025-01-27 | S | (350) | $35.76 | -$12,516 |
| 2025-01-21 | Ogle David Austin | Director | 2025-01-16 | A | 1,026 | — | $0 |
| 2025-01-21 | Wolpert Geoffrey Alan | Director | 2025-01-16 | A | 1,026 | — | $0 |
| 2025-01-17 | Whaley Keith Edward | Director | 2025-01-16 | A | 1,026 | — | $0 |
| 2025-01-17 | Tucker Steven B. | Director | 2025-01-16 | A | 1,026 | — | $0 |
| 2025-01-17 | Miller Ted Charles | Director | 2025-01-16 | A | 1,026 | — | $0 |
| 2025-01-17 | Barrett Victor Lynn | Director | 2025-01-16 | A | 1,026 | — | $0 |
| 2025-01-17 | Ackermann Cathy G | Director | 2025-01-16 | A | 1,026 | — | $0 |
| 2025-01-06 | Petty Gary Wayne Jr | Officer (EVP & CHIEF RISK OFFICER) | 2025-01-01 | F | (526) | $30.98 | -$16,295 |
| 2025-01-06 | Carroll William Young Jr. | Director, Officer (PRESIDENT AND CEO) | 2025-01-01 | F | (1,837) | $30.98 | -$56,910 |
| 2025-01-06 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2025-01-01 | F | (816) | $30.98 | -$25,280 |
| 2025-01-06 | Gorczynski Ronald J | Officer (EVP & CHIEF FINANCIAL OFFICER) | 2025-01-01 | F | (850) | $30.98 | -$26,333 |
| 2024-12-10 | PRESLEY JOHN M | Director | 2024-12-09 | S | (6,916) | $35.05 | -$242,406 |
| 2024-12-09 | PRESLEY JOHN M | Director | 2024-12-06 | S | (10,140) | $35.54 | -$360,376 |
| 2024-12-09 | PRESLEY JOHN M | Director | 2024-12-05 | S | (10,517) | $36.05 | -$379,138 |
| 2024-12-04 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2024-12-04 | S | (200) | $35.61 | -$7,122 |
| 2024-11-08 | PRESLEY JOHN M | Director | 2024-11-07 | S | (7,500) | $35.79 | -$268,425 |
| 2024-11-06 | Tucker Steven B. | Director | 2024-11-05 | S | (6,730) | $33.14 | -$223,032 |
| 2024-11-05 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2024-11-05 | S | (300) | $32.52 | -$9,756 |
| 2024-10-31 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2024-10-31 | S | (100) | $33.16 | -$3,316 |
| 2024-09-13 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2024-09-12 | S | (70) | $28.58 | -$2,001 |
| 2024-08-14 | Jordan Rhett D. | Officer (EVP & CHIEF CREDIT OFFICER) | 2024-08-13 | S | (200) | $26.90 | -$5,380 |