SmartFinancial, Inc. (SMBK)

SmartFinancial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	241.05	213.56	186.48	136.38	118.58	112.31
Interest Income on Investments	35.4	37.56	31.56	22.45	6.65	5.3
Total Interest Income	276.44	251.12	218.04	158.83	125.23	117.61
Interest Paid on Deposits	113.54	109.26	84.26	18.23	8.85	13.6
Interest Paid on Borrowings	4.11	4.51	3.7	3.11	2.99	3.15
Total Interest Expense	117.65	113.77	87.96	21.33	11.84	16.75
Net Interest Income	158.79	137.35	130.08	137.5	113.39	100.87
Net Interest Income Growth (YoY)	21.14%	5.59%	-5.40%	21.26%	12.42%	20.25%
Mortgage Banking Activities	2.38	1.58	1.04	1.55	4.04	3.88
Gain (Loss) on Sale of Investments	0.3	0.06	-6.8	0.14	0.05	0.01
Other Non-Interest Income	25.38	25.65	21.58	20.17	15.21	8.14
Total Non-Interest Income	35.16	34.15	22.33	27.72	23.95	15.43
Non-Interest Income Growth (YoY)	7.53%	52.98%	-19.45%	15.72%	55.25%	88.24%
Revenues Before Loan Losses	193.96	171.5	152.41	165.22	137.34	116.29
Provision for Loan Losses	5.75	5.15	3.03	4.02	1.63	8.68
Revenue	188.2	166.35	149.38	161.2	135.71	107.61
Revenue Growth (YoY)	18.22%	11.36%	-7.33%	18.78%	26.11%	20.27%
Salaries and Employee Benefits	76.5	70.47	64.4	62.03	50.71	42.38
Occupancy Expenses	11.79	11.63	11.65	10.3	8.88	7.19
Federal Deposit Insurance	3.8	3.39	3.16	2.67	1.83	1.19
Amortization of Goodwill & Intangibles	2.27	2.43	2.62	2.61	2.26	1.74
Selling, General & Administrative	20.29	19.07	17.17	15.49	12.61	9.96
Other Non-Interest Expense	11.44	11.08	11.64	10.18	9.31	7.65
Total Non-Interest Expense	129.72	120.89	113.04	105.73	87.69	72.15
EBT Excluding Unusual Items	58.49	45.46	36.34	55.47	48.02	35.46
Pretax Income	57.18	45.46	36.23	54.91	44.32	30.89
Income Tax Expense	10.89	9.32	7.63	11.89	9.53	6.56
Net Income	46.29	36.14	28.59	43.02	34.79	24.33
Net Income to Common	46.29	36.14	28.59	43.02	34.79	24.33
Net Income Growth	41.59%	26.40%	-33.54%	23.66%	42.98%	-8.35%
Basic Shares Outstanding	17	17	17	17	16	15
Diluted Shares Outstanding	17	17	17	17	16	15
Shares Change (YoY)	-0.01%	-0.21%	0.24%	7.47%	4.53%	6.93%
EPS (Basic)	2.76	2.16	1.70	2.57	2.23	1.63
EPS (Diluted)	2.74	2.14	1.69	2.55	2.22	1.62
EPS Growth	41.99%	26.63%	-33.73%	14.87%	37.04%	-14.29%
Dividend Per Share	0.320	0.320	0.320	0.280	0.240	0.200
Dividend Growth	-	-	14.29%	16.67%	20.00%	300.00%
Effective Tax Rate	19.05%	20.50%	21.07%	21.65%	21.50%	21.23%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q