SmartFinancial, Inc.
- Open
- 46.87
- Day high
- 47.16
- Day low
- 46.74
- Prev close
- 47.14
- Volume
- 73K
- Mkt cap
- $802M
- P/E (TTM)
- 14.9
- EPS (TTM)
- $3.15
- P/B
- 1.4
- P/S
- 2.5
- Yield
- 0.36%
- Per share
- $0.17
- ▲Insiders net buying $231K over the last 3 months (3 open-market buys, 2 sales)
- ◆Cluster buying — multiple insiders bought within days
- 🏛Institutions accumulating (13F)
SmartFinancial, Inc. (SMBK) is a Financial Services company listed on NASDAQ. The stock is up 35% over the past year. Over the trailing 3 months, insiders filed 3 open-market buys and 2 sales (SEC Form 4).
SmartFinancial, Inc. (SMBK) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SMBK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 20, 2026 | $0.81 | $0.81 | +0.0% | $54M | +1.1% |
| Mar 16, 2026 | — | $0.81 | — | $84M | — |
| Oct 21, 2025 | $0.73 | $0.86 | +17.8% | $47M | -9.3% |
| Jul 21, 2025 | $0.66 | $0.69 | +4.5% | $49M | -2.8% |
| Jan 21, 2025 | $0.50 | $0.57 | +14.0% | $47M | +4.4% |
| Jul 22, 2024 | $0.39 | $0.46 | +17.9% | $40M | +0.9% |
| Mar 15, 2024 | — | $0.37 | — | $65M | — |
| Jul 24, 2023 | $0.53 | $0.52 | -1.9% | $39M | -5.2% |
| Mar 16, 2023 | — | $0.77 | — | $54M | — |
| Jul 25, 2022 | $0.61 | $0.61 | +0.0% | $44M | — |
| Mar 14, 2022 | — | $0.40 | — | $40M | — |
| Oct 19, 2021 | $0.39 | $0.61 | +56.4% | $37M | +8.4% |
SMBK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 12, 2026 | Jordan Rhett D.officer: EVP & CHIEF CREDIT OFFICER | Sell | 400 | $45.00 |
| Jun 10, 2026 | Barrett Victor Lynndirector | Buy | 3,000 | $43.78 |
| Jun 4, 2026 | Ackermann Cathy Gdirector | Buy | 3,000 | $42.12 |
| May 4, 2026 | Shomaker Kelli Ddirector | Buy | 290 | $41.30 |
| Apr 24, 2026 | Jordan Rhett D.officer: EVP & CHIEF CREDIT OFFICER | Sell | 500 | $41.85 |
| Mar 11, 2026 | Gorczynski Ronald Jofficer: EVP & CHIEF FINANCIAL OFFICER | Grant | 3,752 | — |
| Mar 11, 2026 | Welborn Wesley Millerdirector, officer: CHAIRMAN OF THE BOARD | Grant | 3,542 | — |
| Mar 11, 2026 | Boyd Rebecca Cofficer: CPO - CHIEF PEOPLE OFFICER | Grant | 1,913 | — |
| Mar 11, 2026 | Carroll William Young Jr.director, officer: PRESIDENT AND CEO | Grant | 9,450 | — |
| Mar 11, 2026 | Schrodt Martin Eofficer: EVP, Chief Banking Officer | Grant | 1,998 | — |
| Mar 11, 2026 | Jordan Rhett D.officer: EVP & CHIEF CREDIT OFFICER | Grant | 3,414 | — |
| Mar 11, 2026 | Trumpp Jarrod Mofficer: Chief Risk Officer | Grant | 990 | — |
| Mar 11, 2026 | Cain Cynthia Aofficer: CAO - CHIEF ACCOUNTING OFFICER | Grant | 2,052 | — |
| Feb 10, 2026 | Welborn Wesley Millerdirector, officer: CHAIRMAN OF THE BOARD | Buy | 835 | $43.13 |
| Jan 30, 2026 | Shomaker Kelli Ddirector | Grant | 808 | — |
Source: SMBK SEC Form 4 filings, latest Jun 12, 2026. For informational purposes only — not investment advice.
See the full SMBK insider & 13F page →SmartFinancial, Inc. company profile
Overview
SmartFinancial, Inc. (NYSE:SMBK) is a regional bank holding company founded in 2003 and headquartered in Knoxville, Tennessee. The company operates through its primary subsidiary, SmartBank, which provides comprehensive banking and financial services across the southeastern United States. Since its initial public offering in 2003, SmartFinancial has grown through both organic expansion and strategic acquisitions to become a significant regional banking presence. As of 2024, the company operates 41 full-service branches and 2 loan production offices spanning East and Middle Tennessee, Alabama, and the Florida Panhandle, serving both individual consumers and commercial clients in these growing markets.
Business
SmartFinancial operates in the regional banking industry, providing traditional banking services and financial products to customers in the southeastern United States. Regional banks like SmartFinancial serve as intermediaries between depositors and borrowers, taking in customer deposits and lending those funds to individuals and businesses at higher interest rates than they pay depositors. The company's core business is organized into five primary segments based on loan types: 1. Commercial Real Estate (CRE) - This segment provides financing for income-producing commercial properties such as office buildings, retail centers, warehouses, and apartment complexes. These loans typically have higher yields than residential mortgages but require careful underwriting due to their concentration risk. 2. Consumer Real Estate - Traditional residential mortgage lending to individual homebuyers, including both primary residences and investment properties. This segment provides steady, lower-risk income streams. 3. Construction and Land Development - Short-term financing for real estate developers and builders during the construction phase of projects. These loans carry higher interest rates due to their inherently higher risk profile. 4. Commercial and Industrial (C&I) - Business loans to companies for working capital, equipment purchases, and general business operations. This segment serves the company's commercial banking relationships. 5. Consumer and Other - Personal loans, auto loans, credit cards, and other consumer lending products, along with miscellaneous banking services. Beyond traditional lending, SmartFinancial offers comprehensive banking services including checking and savings accounts, certificates of deposit, wealth management services, insurance products, and digital banking platforms. The company has also developed specialized divisions including equipment finance and wealth management, with the latter managing over $1 billion in assets under management as of 2024.
Revenue model
SmartFinancial generates revenue through the traditional banking model of net interest income - the spread between what it pays depositors for their funds and what it charges borrowers for loans. This spread, measured as net interest margin (NIM), was approximately 3.21% in Q1 2025. The company also earns non-interest income from fees associated with banking services, wealth management, insurance sales, and loan origination activities. The bank's customers fall into two primary categories: retail depositors who provide funding through various deposit accounts, and commercial and individual borrowers who pay interest on loans. The company has maintained a healthy loan-to-deposit ratio of approximately 83%, indicating efficient use of customer deposits for lending activities. Several factors influence SmartFinancial's profitability margins: Positive margin drivers include rising interest rates (which typically increase loan yields faster than deposit costs), strong economic growth in their southeastern markets driving loan demand, successful recruitment of experienced banking professionals who bring customer relationships, and operational leverage from their technology investments including the nCino lending platform. Margin pressure factors include intense competition for deposits leading to higher funding costs, potential credit losses during economic downturns, regulatory compliance costs, and the need for continued investment in technology and talent to remain competitive. The company is also sensitive to interest rate cycles, as falling rates can compress margins when loan yields decline faster than deposit costs. The bank's fee-based revenue streams, including wealth management and insurance services, provide some diversification from pure interest rate sensitivity and contribute to overall profitability stability.
Competitive moat
SmartFinancial operates in the highly competitive regional banking sector, where traditional moats are relatively narrow compared to other industries. The company's primary competitive advantages stem from local market relationships and geographic positioning in growing southeastern markets, particularly Tennessee, Alabama, and the Florida Panhandle. The bank's strongest defensive position comes from its deposit franchise - the network of customer relationships that provide stable, low-cost funding. However, this moat is not particularly wide, as customers can easily switch banks, and larger national banks often compete aggressively on deposit rates and convenience. SmartFinancial's 41-branch network provides some local presence advantage, but digital banking has reduced the importance of physical proximity. The company has invested in technology infrastructure, including the nCino commercial lending platform and various digital banking tools, but these systems are available to competitors and don't create lasting differentiation. Their specialized services like wealth management and equipment finance provide some competitive positioning, but these markets are also contested by numerous players. Regulatory barriers do provide some protection, as banking requires significant capital and regulatory approval for new entrants. However, existing competitors face the same regulations, and fintech companies are increasingly encroaching on traditional banking services. The most significant competitive threats come from larger regional and national banks with greater resources for technology investment and marketing, credit unions that can offer favorable rates due to their tax-exempt status, and fintech companies that can provide specialized services with lower overhead costs. SmartFinancial's relatively small size (approximately $5.3 billion in assets) limits its ability to compete on scale economies compared to larger institutions. Overall, SmartFinancial operates in a business with limited sustainable competitive advantages, relying primarily on execution, local market knowledge, and relationship banking to maintain its position.
Risks & safety
SmartFinancial presents a moderate margin of safety with generally sound financial metrics but typical regional banking risks. • Liquidity and Solvency: Strong cash position of $373.5 million, positive operating cash flow of $52.7 million annually, and manageable debt levels with debt-to-equity ratio of 8.9%. The bank maintains regulatory capital ratios well above required minimums. • Valuation Metrics: Trading at reasonable multiples with P/E ratio of 14.4x, price-to-book ratio of 1.06x, and tangible book value of $22.85 per share. Graham number suggests fair value around $37.69, indicating potential undervaluation at current levels. • Credit Quality: Excellent asset quality with non-performing assets at only 19 basis points and minimal charge-offs (0.01% of average loans), indicating conservative underwriting standards. • Regulatory Capital: Total risk-based capital ratio of 11.2% provides adequate buffer above regulatory requirements. • Other Considerations: Interest rate sensitivity poses some risk, concentrated geographic exposure to southeastern markets, and potential economic cycle vulnerability typical of regional banks.
Recent development
Over the past several years, SmartFinancial has pursued an aggressive organic growth strategy focused on talent acquisition and market expansion. The company added 17 new revenue-producing team members in 2024 alone, with particular emphasis on private banking and treasury management specialists. This talent-focused approach has driven strong loan growth, with the portfolio expanding 13.4% year-over-year in 2024. The bank has made significant technology investments to enhance operational efficiency and customer experience. Key implementations include the full deployment of the nCino commercial lending platform, adoption of KlariVis data aggregation systems, and various digital banking enhancements. These technology upgrades are designed to improve sales processes and provide better customer service while reducing operational costs. Geographic expansion has been another key strategic initiative, with the company establishing presence in seven de novo markets in recent years. The bank opened new offices in Franklin and Brentwood, Tennessee, and has been building market share across its southeastern footprint. SmartFinancial has also focused on diversifying revenue streams beyond traditional banking. The wealth management division has grown to over $1 billion in assets under management, and the company has expanded insurance services through agency mergers. Additionally, they established a real estate investment trust (REIT) subsidiary to provide additional service capabilities. The company has set ambitious financial targets, aiming to achieve $50 million in quarterly operating revenue by Q3 2025, with longer-term goals of reaching 1% return on assets and 12% return on equity. Management expects to achieve these targets through continued loan growth, margin expansion, and operational leverage from their technology and talent investments.
SMBK company profile · for informational purposes only — not investment advice.
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