SmartFinancial, Inc. (SMBK) — Financial statements
Income statement, balance sheet, and cash flow for SmartFinancial, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 316↑10.9% | 285↑18.7% | 240↑28.8% | 187↑25.0% | 149 | |
| Cost of Revenue | 123↑3.8% | 119↑30.7% | 91↑258.9% | 25↑88.2% | 13 | |
| Gross Profit | 193↑16.0% | 166↑11.4% | 149↓7.3% | 161↑18.8% | 136 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 93↑23.1% | 75↑9.6% | 69↑4.3% | 66↑23.6% | 53 | |
| Selling & Marketing Expenses | 2↑22.6% | 1↓1.6% | 1↑3.8% | 1↑55.8% | 0.83 | |
| SG&A Expenses | 95↑23.1% | 77↑9.3% | 70↑4.2% | 67↑24.1% | 54 | |
| Other Expenses | 37↓16.5% | 44↑2.7% | 43↑10.3% | 39↑4.9% | 37 | |
| Operating Expenses | 131↑8.7% | 121↑6.8% | 113↑6.5% | 106↑16.3% | 91 | |
| Total Costs & Expenses | 255↑6.3% | 240↑17.5% | 204↑55.1% | 132↑25.5% | 105 | |
| Operating Results | ||||||
| Operating Income | 62↑35.3% | 45↑25.5% | 36↓34.0% | 55↑23.9% | 44 | |
| Depreciation & Amortization | 8↓26.2% | 11↓15.4% | 13↑6.8% | 13↑40.5% | 9 | |
| EBITDA | 70↑23.0% | 57↑14.4% | 50↓26.4% | 68↑26.7% | 53 | |
| EBIT | 62↑35.3% | 45↑25.5% | 36↓34.0% | 55↑23.9% | 44 | |
| Interest & Other Income | ||||||
| Net Interest Income | 166↑20.9% | 137↑5.6% | 130↓5.4% | 138↑21.3% | 113 | |
| Interest Income | 286↑13.9% | 251↑15.2% | 218↑37.3% | 159↑26.8% | 125 | |
| Interest Expense | 120↑5.4% | 114↑29.3% | 88↑312.3% | 21↑80.2% | 12 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 62↑35.3% | 45↑25.5% | 36↓34.0% | 55↑23.9% | 44 | |
| Income Tax Expense | 11↑19.7% | 9↑22.1% | 8↓35.8% | 12↑24.7% | 10 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 50↑39.3% | 36↑26.4% | 29↓33.5% | 43↑23.7% | 35 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 50↑39.3% | 36↑26.4% | 29↓33.5% | 43↑23.7% | 35 | |
| Bottom-Line Net Income | 50↑39.3% | 36↑26.4% | 29↓33.5% | 43↑23.7% | 35 | |
| EPS (Basic) | 3.01↑39.4% | 2.16↑27.1% | 1.70↓33.9% | 2.57↑15.2% | 2.23 | |
| EPS (Diluted) | 2.98↑39.3% | 2.14↑26.6% | 1.69↓33.7% | 2.55↑14.9% | 2.22 | |
| Weighted Average Shares | 17↑0.1% | 17↓0.3% | 17↑0.4% | 17↑7.5% | 16 | |
| Weighted Average Diluted Shares | 17↑0.3% | 17↓0.3% | 17↑0.3% | 17↑7.5% | 16 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.