SmartFinancial Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	248.67	213.56	186.48	136.38	118.58
Interest Income on Investments	37.31	37.56	31.56	22.45	6.65
Total Interest Income	285.97	251.12	218.04	158.83	125.23
Interest Paid on Deposits	114.75	109.26	84.26	18.23	8.85
Interest Paid on Borrowings	5.12	4.51	3.7	3.11	2.99
Total Interest Expense	119.87	113.77	87.96	21.33	11.84
Net Interest Income	166.1	137.35	130.08	137.5	113.39
Net Interest Income Growth (YoY)	20.94%	5.59%	-5.40%	21.26%	12.42%
Mortgage Banking Activities	2.67	1.58	1.04	1.55	4.04
Gain (Loss) on Sale of Assets	3.96	-	-	-	-
Gain (Loss) on Sale of Investments	-3.72	0.06	-6.8	0.14	0.05
Other Non-Interest Income	24.28	25.65	21.58	20.17	15.21
Total Non-Interest Income	34.35	34.15	22.33	27.72	23.95
Non-Interest Income Growth (YoY)	0.59%	52.98%	-19.45%	15.72%	55.25%
Revenues Before Loan Losses	200.46	171.5	152.41	165.22	137.34
Provision for Loan Losses	7.75	5.15	3.03	4.02	1.63
Revenue	192.71	166.35	149.38	161.2	135.71
Revenue Growth (YoY)	15.84%	11.36%	-7.33%	18.78%	26.11%
Salaries and Employee Benefits	78.3	70.47	64.4	62.03	50.71
Occupancy Expenses	13.69	11.63	11.65	10.3	8.88
Federal Deposit Insurance	4	3.39	3.16	2.67	1.83
Amortization of Goodwill & Intangibles	2.15	2.43	2.62	2.61	2.26
Selling, General & Administrative	16.71	19.07	17.17	15.49	12.61
Other Non-Interest Expense	11.79	11.08	11.64	10.18	9.31
Total Non-Interest Expense	129.88	120.89	113.04	105.73	87.69
EBT Excluding Unusual Items	62.83	45.46	36.34	55.47	48.02
Pretax Income	61.5	45.46	36.23	54.91	44.32
Income Tax Expense	11.15	9.32	7.63	11.89	9.53
Net Income	50.35	36.14	28.59	43.02	34.79
Net Income to Common	50.35	36.14	28.59	43.02	34.79
Net Income Growth	39.31%	26.40%	-33.54%	23.66%	42.98%
Basic Shares Outstanding	17	17	17	17	16
Diluted Shares Outstanding	17	17	17	17	16
Shares Change (YoY)	0.13%	-0.21%	0.24%	7.47%	4.53%
EPS (Basic)	3.00	2.16	1.70	2.57	2.23
EPS (Diluted)	2.98	2.14	1.69	2.55	2.22
EPS Growth	39.25%	26.63%	-33.73%	14.87%	37.04%
Dividend Per Share	0.320	0.320	0.320	0.280	0.240
Dividend Growth	-	-	14.29%	16.67%	20.00%
Effective Tax Rate	18.14%	20.50%	21.07%	21.65%	21.50%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

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