Smartfinancial Inc. financial data

Symbol
SMBK on Nasdaq
Industry
National Commercial Banks
Location
5401 Kingston Pike, Suite 600, Knoxville, Tennessee
State of incorporation
Tennessee
Fiscal year end
December 31
Former names
CORNERSTONE BANCSHARES INC (to 8/24/2015), EAST RIDGE BANCSHARES INC (to 6/24/1997)
Latest financial report
Q1 2024 - May 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 963 % -4.66%
Return On Equity 5.82 % -46.2%
Return On Assets 0.55 % -44.1%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 17.1 M shares +0.36%
Common Stock, Shares, Outstanding 17.1 M shares +0.31%
Entity Public Float 337 M USD -15.9%
Common Stock, Value, Issued 17.1 M USD +0.31%
Weighted Average Number of Shares Outstanding, Basic 16.8 M shares +0.35%
Weighted Average Number of Shares Outstanding, Diluted 16.9 M shares +0.17%

Income Statement

Label TTM Value / Value Unit Change %
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 33.4 M USD -43.6%
Income Tax Expense (Benefit) 6.94 M USD -46.5%
Net Income (Loss) Attributable to Parent 26.5 M USD -42.8%
Earnings Per Share, Basic 1.57 USD/shares -43.3%
Earnings Per Share, Diluted 1.56 USD/shares -43.1%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 478 M USD +55.7%
Property, Plant and Equipment, Net 92.7 M USD +0.55%
Operating Lease, Right-of-Use Asset 9.68 M USD +8.01%
Goodwill 96.1 M USD -0.05%
Assets 4.95 B USD +3.88%
Liabilities 4.49 B USD +3.73%
Accumulated Other Comprehensive Income (Loss), Net of Tax -27.4 M USD +4.18%
Retained Earnings (Accumulated Deficit) 181 M USD +13.1%
Stockholders' Equity Attributable to Parent 467 M USD +5.28%
Liabilities and Equity 4.95 B USD +3.88%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 7.08 M USD -37.7%
Net Cash Provided by (Used in) Financing Activities 122 M USD -3.48%
Net Cash Provided by (Used in) Investing Activities -3.02 M USD +96.9%
Common Stock, Shares Authorized 40 M shares 0%
Common Stock, Shares, Issued 17.1 M shares +0.31%
Common Stock, Par or Stated Value Per Share 1 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 126 M USD +210%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 478 M USD +55.7%
Interest Paid, Excluding Capitalized Interest, Operating Activities 28.8 M USD +68.8%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 30.1 M USD -7.8%
Operating Lease, Liability 10.1 M USD +10.8%
Payments to Acquire Property, Plant, and Equipment 2.91 M USD +86.7%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 27.6 M USD -16.7%
Lessee, Operating Lease, Liability, to be Paid 11.6 M USD +13.4%
Property, Plant and Equipment, Gross 120 M USD +1.93%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.33 M USD
Lessee, Operating Lease, Liability, to be Paid, Year One 1.41 M USD
Operating Lease, Weighted Average Discount Rate, Percent 0.03 pure +42.2%
Deferred Income Tax Expense (Benefit) 1.44 M USD -58.6%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.48 M USD +34.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1.15 M USD
Preferred Stock, Shares Issued 0 shares
Deferred Federal Income Tax Expense (Benefit) 1.1 M USD
Preferred Stock, Shares Authorized 2 M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 1.14 M USD
Operating Lease, Payments 1.46 M USD -5.31%
Additional Paid in Capital 296 M USD +0.38%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 692 K USD -65.9%
Current Federal Tax Expense (Benefit) 5.63 M USD -45.9%
Amortization of Intangible Assets 2.58 M USD -1.98%
Depreciation, Depletion and Amortization 5.1 M USD +8.51%
Deferred State and Local Income Tax Expense (Benefit) 209 K USD
Interest Expense 98.8 M USD +177%
Preferred Stock, Par or Stated Value Per Share 1 USD/shares 0%