Smartfinancial Inc. - Understand $smbk stock

$SMBK Market Cap: $612.4 Million

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Financial Snapshot

Revenue

$4.563M

TTM

Gross Margin

Net Earnings

$32.69M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$4.909B

Q3 2024

Total Liabilities

$4.420B

Q3 2024

Book Value

$489.0M

Q3 2024

Cash

$192.9M

Q3 2024

P/E

18.73

Nov 29, 2024 EST

Free Cash Flow

$29.06M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Revenue	$5.105M	$4.144M	$2.167M	$1.566M	$946.0K
YoY Change	23.19%	91.23%	38.38%	65.54%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019
Revenue	$5.105M	$4.144M	$2.167M	$1.566M	$946.0K
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.100M	$4.700M	$4.200M	$3.700M	$2.800M	$2.600M	$1.800M	$1.435M	$992.7K	$788.4K	$420.3K	$461.9K	$475.9K	$560.0K	$960.0K	$690.0K	$610.0K	$990.0K
YoY Change	8.51%	11.9%	13.51%	32.14%	7.69%	44.44%	25.43%	44.56%	25.92%	87.58%	-9.01%	-2.95%	-15.01%	-41.67%	39.13%	13.11%	-38.38%	30.26%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Interest Expense	$87.96M	$21.33M	$11.84M	$16.75M	$24.58M	$15.57M	$5.693M	$4.300M	$2.757M	$2.037M	$3.523M	$4.785M	$6.362M
YoY Change	312.33%	80.21%	-29.31%	-31.85%	57.88%	173.41%	32.41%	55.95%	35.38%	-42.19%	-26.38%	-24.79%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Pretax Income	$36.23M	$54.91M	$44.32M	$30.89M	$33.45M	$21.34M	$11.44M	$9.161M	$3.150M	$2.950M	$2.724M	$1.980M	$1.218M	-$6.200M	-$13.50M	$3.800M	$700.0K	$9.100M
YoY Change	-34.02%	23.89%	43.47%	-7.64%	56.76%	86.43%	24.92%	190.78%	6.79%	8.32%	37.58%	62.5%	-119.65%	-54.07%	-455.26%	442.86%	-92.31%	31.88%
Income Tax	$7.633M	$11.89M	$9.529M	$6.558M	$6.897M	$3.233M	$6.429M	$3.362M	$1.641M	$1.118M	$1.043M	$577.6K	$188.2K	-$1.500M	-$5.300M	$1.300M	-$100.0K	$3.300M
% Of Pretax Income	21.07%	21.65%	21.5%	21.23%	20.62%	15.15%	56.18%	36.7%	52.09%	37.88%	38.29%	29.18%	15.45%			34.21%	-14.29%	36.26%
Net Earnings	$28.59M	$43.02M	$34.79M	$24.33M	$26.55M	$18.10M	$5.015M	$5.799M	$1.510M	$1.833M	$1.681M	$1.402M	$1.030M	-$4.700M	-$8.200M	$2.500M	$900.0K	$5.800M
YoY Change	-33.54%	23.66%	42.98%	-8.35%	46.66%	260.95%	-13.52%	284.1%	-17.62%	9.03%	19.88%	36.12%	-121.92%	-42.68%	-428.0%	177.78%	-84.48%	34.88%
Net Earnings / Revenue	560.1%	1038.18%	1605.45%	1553.77%	2806.34%
Basic Earnings Per Share	$1.70	$2.57	$2.23	$1.63	$1.90	$1.46	$0.56	$0.82	$0.35	$0.58	$0.02	$0.02	$0.05
Diluted Earnings Per Share	$1.69	$2.550M	$2.22	$1.62	$1.89	$1.45	$0.55	$0.78	$0.32	$0.52	$0.02	$0.02	$0.05	-$2.938M	-$5.125M	$1.471M	$500.0K	$3.222M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$92.96M	$92.51M	$95.80M	$77.50M	$64.90M	$56.00M	$43.00M	$30.50M	$25.00M	$15.90M	$5.000M	$5.400M	$5.700M	$8.000M	$8.100M	$8.500M	$6.500M	$6.100M
YoY Change	0.49%	-3.43%	23.61%	19.41%	15.89%	30.23%	40.98%	22.0%	57.23%	218.0%	-7.41%	-5.26%	-28.75%	-1.23%	-4.71%	30.77%	6.56%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$22.31M	$24.59M	$11.20M	$4.400M	$3.500M		$5.000M	$3.700M			$2.300M
YoY Change	-9.3%	119.58%	154.55%	25.71%			35.14%
Total Long-Term Assets
YoY Change
Total Assets	$4.829B	$4.613B	$4.612B	$3.305B	$2.449B	$2.274B	$1.721B	$1.063B	$1.024B	$533.8M	$432.2M	$443.4M	$422.7M	$441.5M	$532.4M	$471.8M	$444.4M	$374.9M
YoY Change
Accounts Payable											$100.0K	$100.0K	$100.0K	$200.0K	$400.0K	$500.0K	$200.0K	$300.0K
YoY Change											0.0%	0.0%	-50.0%	-50.0%	-20.0%	150.0%	-33.33%
Accrued Expenses	$10.30M	$9.457M	$9.900M	$4.800M	$5.500M
YoY Change	8.95%	-4.47%	106.25%	-12.73%
Deferred Revenue
YoY Change
Short-Term Debt	$5.078M	$4.775M	$5.100M	$5.800M	$6.200M	$11.80M	$24.10M	$26.60M	$28.10M	$9.800M	$23.00M	$19.60M	$29.40M	$24.30M	$26.30M	$35.80M	$41.60M	$19.20M
YoY Change	6.35%	-6.37%	-12.07%	-6.45%	-47.46%	-51.04%	-9.4%	-5.34%	186.73%	-57.39%	17.35%	-33.33%	20.99%	-7.6%	-26.54%	-13.94%	116.67%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$15.38M	$9.457M	$9.900M	$4.800M	$5.500M	$11.80M	$24.10M	$26.60M	$28.10M	$9.800M	$100.0K	$100.0K	$100.0K	$200.0K	$400.0K	$500.0K	$200.0K	$300.0K
YoY Change	62.64%	-4.47%	106.25%	-12.73%	-53.39%	-51.04%	-9.4%	-5.34%	186.73%	9700.0%	0.0%	0.0%	-50.0%	-50.0%	-20.0%	150.0%	-33.33%
Long-Term Debt	$55.18M	$59.29M	$49.40M	$39.70M	$39.30M	$39.20M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change	-6.94%	20.02%	24.43%	1.02%	0.26%
Other Long-Term Liabilities	$46.47M	$44.07M	$20.80M	$17.20M	$12.80M	$7.300M	$8.700M	$5.000M	$3.000M	$1.300M	$900.0K	$800.0K	$900.0K	$1.000M	$800.0K	$1.200M	$6.000M	$1.900M
YoY Change	5.44%	111.88%	20.93%	34.38%	75.34%	-16.09%	74.0%	66.67%	130.77%	44.44%	12.5%	-11.11%	-10.0%	25.0%	-33.33%	-80.0%	215.79%
Total Long-Term Liabilities	$101.6M	$103.4M	$70.20M	$56.90M	$52.10M	$46.50M	$8.700M	$5.000M	$3.000M	$1.300M	$900.0K	$800.0K	$900.0K	$1.000M	$800.0K	$1.200M	$6.000M	$1.900M
YoY Change	-1.66%	47.24%	23.37%	9.21%	12.04%	434.48%	74.0%	66.67%	130.77%	44.44%	12.5%	-11.11%	-10.0%	25.0%	-33.33%	-80.0%	215.79%
Total Liabilities	$4.370B	$4.180B	$4.182B	$2.948B	$2.136B	$1.991B	$1.515B	$957.2M	$923.8M	$477.9M	$392.1M	$402.6M	$387.4M	$415.7M	$504.6M	$435.3M	$408.1M	$336.8M
YoY Change	4.52%	-0.04%	41.87%	37.98%	7.28%	31.45%	58.26%	3.62%	93.3%	21.88%	-2.61%	3.92%	-6.81%	-17.62%	15.92%	6.67%	21.17%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014
Basic Shares Outstanding	16.81M	16.74M	15.57M	14.96M	13.95M	12.42M shares	8.639M shares	5.839M shares	3.985M shares	2.964M shares
Diluted Shares Outstanding	16.91M	16.87M	15.70M	15.02M	14.05M	12.52M shares	8.794M shares	6.119M shares	4.282M shares	3.293M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $612.4 Million

About SMARTFINANCIAL INC.

SmartFinancial, Inc. is a holding company, which engages in the provision of commercial banking services through SmartBank. The company is headquartered in Knoxville, Tennessee and currently employs 570 full-time employees. The company went IPO on 2001-06-21. The Bank is a full-service commercial bank with branches across Tennessee, Alabama, and Florida. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, leases, consumer loans and residential and commercial construction loans. The company also originates one to four family residential mortgage loans and generally enters into a commitment to sell these loans in the secondary market. SBK Insurance, Inc., a subsidiary of the Bank, provides insurance products in the property and casualty area, commercial, transportation, and life and health to their respective clients. The Bank provides a suite of commercial and consumer banking services to clients through about 42 full-service bank branches.

Industry: National Commercial Banks Peers: BAR HARBOR BANKSHARES CapStar Financial Holdings, Inc. GUARANTY BANCSHARES INC /TX/ INDEPENDENT BANK CORP /MI/ MidWestOne Financial Group, Inc. MID PENN BANCORP INC PNC FINANCIAL SERVICES GROUP, INC.