SmartFinancial, Inc. (SMBK)

SmartFinancial Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	50.35	36.14	28.59	43.02	34.79
Depreciation & Amortization	9.74	11.42	13.5	12.64	9
Provision for Credit Losses	7.75	5.15	3.03	4.02	1.69
Stock-Based Compensation	1.94	1.63	1.35	1.3	1.38
Net Change in Loans Held-for-Sale	-2.3	-0.12	-1.63	4.9	10.75
Other Adjustments	-6.23	-4.54	5.2	-6.39	-10.09
Changes in Accrued Interest and Accounts Receivable	-1.45	-0.9	-2.99	-4.24	0.81
Changes in Accounts Payable	3.43	0.25	2.52	-0.02	-0.61
Changes in Other Operating Activities	-1.49	3.67	-9.86	1.59	7.3
Operating Cash Flow	61.72	52.7	39.72	56.79	46.18
Operating Cash Flow Growth	17.12%	32.69%	-30.07%	22.98%	58.87%
Net Change in Loans Held-for-Investment	-464.34	-469.25	-213.59	-558.39	-37.11
Net Change in Securities and Investments	-45.89	77.65	82.83	-268.01	-327.88
Payments for Business Acquisitions	-	-	-	-4.88	-
Proceeds from Business Divestments	11.2	-	-	-	15.36
Capital Expenditures	-2.39	-6.41	-6.27	-12.49	-2.38
Sale of Property, Plant & Equipment	0.12	4.7	0.68	1.46	-
Other Investing Activities	2.25	-26.92	1.11	1.48	87.01
Investing Cash Flow	-499.05	-420.22	-135.24	-840.82	-264.99
Net Change in Deposits	466.34	418.7	190.89	55.63	781.32
Net Change in Short-Term Interbank Borrowing and Repurchase Agreements	-1.13	-0.94	0.3	-0.31	-1.51
Long-Term Debt Issued	101.07	160.1	26.28	30.89	8.2
Long-Term Debt Repaid	-46.5	-166.6	-30.78	-76.3	-1.1
Net Long-Term Debt Issued (Repaid)	54.57	-6.5	-4.5	-45.42	7.1
Issuance of Common Stock	0.15	0.07	0.17	0.4	0.2
Repurchase of Common Stock	-0.31	-3.19	-0.06	-0.21	-1.21
Net Common Stock Issued (Repurchased)	-0.16	-3.12	0.11	0.19	-1.01
Common Dividends Paid	-5.45	-5.42	-5.43	-4.72	-3.73
Other Financing Activities	-	0.11	-	-	-
Financing Cash Flow	514.17	402.82	181.37	5.37	782.17
Net Cash Flow	76.85	35.3	85.85	-778.65	563.36
Free Cash Flow	59.34	46.3	33.45	44.31	43.81
Free Cash Flow Growth	28.17%	38.42%	-24.51%	1.14%	85.38%
FCF Margin	30.79%	27.83%	22.39%	27.49%	32.29%
Free Cash Flow Per Share	3.51	2.74	1.98	2.63	2.79
Levered Free Cash Flow	112.75	37.67	20.99	-4.91	56.01
Unlevered Free Cash Flow	7.84	8.03	-3.1	-2.52	14.12

Updated Dec 31, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q