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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	231.5	213.56	186.48	136.38	118.58	112.31
Interest Income on Investments	34.38	37.56	31.56	22.45	6.65	5.3
Total Interest Income	265.88	251.12	218.04	158.83	125.23	117.61
Interest Paid on Deposits	110.42	109.26	84.26	18.23	8.85	13.6
Interest Paid on Borrowings	4.06	4.51	3.7	3.11	2.99	3.15
Total Interest Expense	114.49	113.77	87.96	21.33	11.84	16.75
Net Interest Income	151.4	137.35	130.08	137.5	113.39	100.87
Net Interest Income Growth (YoY)	19.16%	5.59%	-5.40%	21.26%	12.42%	20.25%
Mortgage Banking Activities	2.08	1.58	1.04	1.55	4.04	3.88
Gain (Loss) on Sale of Investments	0.06	0.06	-6.8	0.14	0.05	0.01
Other Non-Interest Income	26.47	25.65	21.58	20.17	15.21	8.14
Total Non-Interest Income	35.66	34.15	22.33	27.72	23.95	15.43
Non-Interest Income Growth (YoY)	47.04%	52.98%	-19.45%	15.72%	55.25%	88.24%
Revenues Before Loan Losses	187.06	171.5	152.41	165.22	137.34	116.29
Provision for Loan Losses	8.1	5.15	3.03	4.02	1.63	8.68
Revenue	178.96	166.35	149.38	161.2	135.71	107.61
Revenue Growth (YoY)	20.51%	11.36%	-7.33%	18.78%	26.11%	20.27%
Salaries and Employee Benefits	75.41	70.47	64.4	62.03	50.71	42.38
Occupancy Expenses	11.74	11.63	11.65	10.3	8.88	7.19
Federal Deposit Insurance	3.6	3.39	3.16	2.67	1.83	1.19
Amortization of Goodwill & Intangibles	2.34	2.43	2.62	2.61	2.26	1.74
Selling, General & Administrative	20.17	19.07	17.17	15.49	12.61	9.96
Other Non-Interest Expense	11.63	11.08	11.64	10.18	9.31	7.65
Total Non-Interest Expense	128	120.89	113.04	105.73	87.69	72.15
EBT Excluding Unusual Items	50.96	45.46	36.34	55.47	48.02	35.46
Pretax Income	50.96	45.46	36.23	54.91	44.32	30.89
Income Tax Expense	9.22	9.32	7.63	11.89	9.53	6.56
Net Income	41.74	36.14	28.59	43.02	34.79	24.33
Net Income to Common	41.74	36.14	28.59	43.02	34.79	24.33
Net Income Growth	62.94%	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)	-0.22%	-0.21%	0.24%	7.47%	4.53%	6.93%
EPS (Basic)	2.49	2.16	1.70	2.57	2.23	1.63
EPS (Diluted)	2.47	2.14	1.69	2.55	2.22	1.62
EPS Growth	62.51%	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	18.09%	20.50%	21.07%	21.65%	21.50%	21.23%

Updated May 12, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q