What is Smartfinancial Inc's earnings per share (EPS)?

Smartfinancial Inc (SMBK) reported diluted earnings per share of $2.98 for fiscal year 2025. This represents a 39.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Smartfinancial Inc Financials

SMBK

FY2025 annual

Revenue Not reported for FY2025

Net Income $50.3M +39.3% YoY

EPS (Diluted) $2.98 +39.3% YoY

Free Cash Flow $59.3M +28.2% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 10, 2026 Currency USD FYE December

This page shows Smartfinancial Inc (SMBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SMBK FY2025 2026-08-29

Profitability recovery has accompanied rapid balance-sheet expansion, while cash conversion broadly tracked earnings through FY2025.

FY2025 net income rose to $50.3M from $36.1M in FY2024. Meanwhile, assets expanded to $5.9B while ROA reached 0.9%, indicating the rebound was spread across a larger balance sheet rather than reflecting a dramatic change in asset efficiency.

FY2025 operating cash flow was $61.7M versus net income of $50.3M. Free cash flow was $59.3M, close to operating cash flow, so capital spending did not consume much of the internally generated cash.

FY2025 liabilities were $5.3B against equity of $552M, making liabilities the dominant funding base. Reported long-term debt was $3M and debt-to-equity was 0.0x, yet interest expense exceeded net income; low conventional debt therefore does not describe the full funding-cost picture.

Financial Health Signals

Financial health score not available

Smartfinancial Inc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.

Piotroski F-Score Partial

5/6

Smartfinancial Inc passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass.

Earnings Quality Cash-Backed

1.23x

For every $1 of reported earnings, Smartfinancial Inc generates $1.23 in operating cash flow ($61.7M OCF vs $50.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Net Income

$50.3M

YoY+39.3%

5Y CAGR+15.7%

10Y CAGR+42.0%

Smartfinancial Inc reported $50.3M in net income in fiscal year 2025. This represents an increase of 39.3% from the prior year.

EPS (Diluted)

$2.98

YoY+39.3%

5Y CAGR+13.0%

Smartfinancial Inc earned $2.98 per diluted share (EPS) in fiscal year 2025. This represents an increase of 39.3% from the prior year.

Revenue

Not reported for fiscal year 2025.

EBITDA

Not reported for fiscal year 2025.

Cash & Balance Sheet

Free Cash Flow

$59.3M

YoY+28.2%

5Y CAGR+20.2%

10Y CAGR+47.0%

Smartfinancial Inc generated $59.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 28.2% from the prior year.

Cash & Debt

$464.4M

YoY+19.8%

5Y CAGR-0.7%

10Y CAGR+19.2%

Smartfinancial Inc held $464.4M in cash against $3.0M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.32

YoY0.0%

5Y CAGR+9.9%

Smartfinancial Inc paid $0.32 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding

17M

YoY+0.5%

5Y CAGR+2.5%

Smartfinancial Inc had 17M shares outstanding in fiscal year 2025. This represents an increase of 0.5% from the prior year.

Margins & Returns

Return on Equity

9.1%

YoY+1.8pp

5Y CAGR+2.3pp

10Y CAGR+7.6pp

Smartfinancial Inc's ROE was 9.1% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.8 percentage points from the prior year.

Gross Margin

Not reported for fiscal year 2025.

Operating Margin

Not reported for fiscal year 2025.

Net Margin

Not reported for fiscal year 2025.

Capital Allocation

Capital Expenditures

$2.4M

YoY-62.7%

5Y CAGR-15.2%

10Y CAGR+8.2%

Smartfinancial Inc invested $2.4M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 62.7% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

Share Buybacks

Not reported for fiscal year 2025.

SMBK Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SMBK quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
SG&A Expenses	N/A	$78.3M+8.6%	$72.1M+9.7%	$65.7M+3.7%	$63.4M+22.8%	$51.7M+20.4%	$42.9M+17.1%	$36.6M+19.6%	$30.6M+47.7%	$20.7M+17.1%	$17.7M+49.7%	$11.8M+29.4%	$9.1M+39.4%	$6.6M+3.6%	$6.3M+3.4%	$6.1M
Interest Expense	N/A	$119.9M+5.4%	$113.8M+29.3%	$88.0M+312.3%	$21.3M+80.2%	$11.8M-29.3%	$16.7M-31.9%	$24.6M+57.9%	$15.6M+173.4%	$5.7M+32.4%	$4.3M+55.9%	$2.8M+35.4%	$2.0M-42.2%	$3.5M-26.4%	$4.8M-24.8%	$6.4M
Income Tax	N/A	$11.2M+19.7%	$9.3M+22.1%	$7.6M-35.8%	$11.9M+24.7%	$9.5M+45.3%	$6.6M-4.9%	$6.9M+113.3%	$3.2M-49.7%	$6.4M+91.2%	$3.4M+104.9%	$1.6M+46.8%	$1.1M+7.2%	$1.0M+80.5%	$578K+206.9%	$188K
Net Income	N/A	$50.3M+39.3%	$36.1M+26.4%	$28.6M-33.5%	$43.0M+23.7%	$34.8M+43.0%	$24.3M-8.3%	$26.5M+46.7%	$18.1M+261.0%	$5.0M-13.5%	$5.8M+284.1%	$1.5M-17.6%	$1.8M+9.0%	$1.7M+19.9%	$1.4M+36.1%	$1.0M
EPS (Diluted)	$3.39	$2.98+39.3%	$2.14+26.6%	$1.69-33.7%	$2.55+14.9%	$2.22+37.0%	$1.62-14.3%	$1.89+30.3%	$1.45+163.6%	$0.55-29.5%	$0.78	$0.32-38.5%	$0.52	$0.020.0%	$0.02	$0.05

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
SG&A Expenses	$21.0M+2.9%	$20.4M	N/A	$19.5M-0.3%	$19.6M+1.9%	$19.2M	N/A	$18.4M
Interest Expense	$30.0M+5.6%	$28.4M	N/A	$32.1M+10.2%	$29.1M+3.5%	$28.1M	N/A	$28.9M
Income Tax	$4.2M+36.6%	$3.1M	N/A	$3.3M+28.5%	$2.6M+10.8%	$2.3M	N/A	$1.6M
Net Income	$16.3M+19.3%	$13.7M	N/A	$13.7M+16.9%	$11.7M+4.0%	$11.3M	N/A	$9.1M
EPS (Diluted)	$0.96+18.5%	$0.810.0%	$0.810.0%	$0.81+17.4%	$0.69+3.0%	$0.67+17.5%	$0.57+5.6%	$0.54

Not reported in any period shown, so not listed: Revenue, Cost of Revenue, Gross Profit, R&D Expenses, Operating Income.

SMBK Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SMBK quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$5.9B+11.1%	$5.3B+9.2%	$4.8B+4.1%	$4.6B+0.6%	$4.6B+39.5%	$3.3B+34.9%	$2.4B+7.7%	$2.3B+32.2%	$1.7B+62.0%	$1.1B+3.8%	$1.0B+91.8%	$533.8M+23.5%	$432.2M-2.5%	$443.4M+4.9%	$422.7M
Cash & Equivalents	$464.4M+19.8%	$387.6M+10.0%	$352.3M+32.2%	$266.4M-74.5%	$1.0B+116.9%	$481.7M+161.8%	$184.0M+58.8%	$115.8M+2.5%	$113.0M+64.4%	$68.7M-14.0%	$80.0M+71.1%	$46.7M-41.2%	$79.4M+33.7%	$59.4M+52.8%	$38.9M
Goodwill	$90.4M-6.0%	$96.1M0.0%	$96.1M0.0%	$96.1M+5.0%	$91.6M+23.5%	$74.1M+13.0%	$65.6M-0.7%	$66.1M	N/A	N/A	$4.2M	$0	N/A	N/A	N/A
Total Liabilities	$5.3B+10.9%	$4.8B+9.5%	$4.4B+3.9%	$4.2B+0.5%	$4.2B+41.9%	$2.9B+38.0%	$2.1B+7.3%	$2.0B+31.5%	$1.5B+58.3%	$957.2M+3.6%	$923.8M+93.3%	$477.9M+21.9%	$392.1M-2.6%	$402.6M+3.9%	$387.4M
Long-Term Debt	$3.0M-63.0%	$8.1M-38.2%	$13.1M-68.7%	$41.9M-52.2%	$87.6M+7.9%	$81.2M+157.0%	$31.6M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$552.4M+12.4%	$491.3M+6.8%	$459.9M+6.3%	$432.5M+0.7%	$429.4M+20.2%	$357.2M+14.2%	$312.7M+10.5%	$283.0M+37.5%	$205.9M+95.6%	$105.2M+5.1%	$100.2M+79.2%	$55.9M+5.8%	$52.8M+29.2%	$40.9M+16.1%	$35.2M
Retained Earnings	$248.7M+22.0%	$203.8M+17.7%	$173.1M+10.6%	$156.5M+32.4%	$118.2M+35.6%	$87.2M+32.4%	$65.8M+64.6%	$40.0M+82.7%	$21.9M+29.7%	$16.9M+39.5%	$12.1M+13.0%	$10.7M+445.4%	-$3.1M+5.4%	-$3.3M+9.7%	-$3.6M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$6.1B+3.5%	$5.9B+0.8%	$5.9B+1.3%	$5.8B+5.4%	$5.5B+1.5%	$5.4B+2.6%	$5.3B+7.5%	$4.9B
Cash & Equivalents	$379.4M+9.6%	$346.1M-25.5%	$464.4M-16.6%	$557.1M+52.6%	$365.1M-13.7%	$423.0M+9.1%	$387.6M+100.9%	$192.9M
Goodwill	$90.4M0.0%	$90.4M0.0%	$90.4M0.0%	$90.4M-6.0%	$96.1M0.0%	$96.1M0.0%	$96.1M0.0%	$96.1M
Total Liabilities	$5.5B+3.6%	$5.3B+0.7%	$5.3B+1.2%	$5.2B+5.5%	$5.0B+1.4%	$4.9B+2.5%	$4.8B+8.2%	$4.4B
Long-Term Debt	$603K-81.2%	$3.2M+6.7%	$3.0M+130.8%	$1.3M-81.4%	$7.0M-7.9%	$7.6M-6.2%	$8.1M-10.0%	$9.0M
Total Equity	$576.8M+2.6%	$562.0M+1.8%	$552.4M+2.6%	$538.4M+3.7%	$519.0M+2.6%	$505.8M+2.9%	$491.3M+0.5%	$489.0M
Retained Earnings	$275.8M+5.7%	$261.0M+5.0%	$248.7M+5.2%	$236.4M+5.5%	$224.1M+4.8%	$213.7M+4.9%	$203.8M+4.2%	$195.5M

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities.

SMBK Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

SMBK quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$73.4M	$61.7M+17.1%	$52.7M+32.7%	$39.7M-30.1%	$56.8M+23.0%	$46.2M+58.9%	$29.1M-2.7%	$29.9M+43.4%	$20.8M+1579.2%	$1.2M-89.3%	$11.6M+395.0%	$2.3M+38.7%	$1.7M-61.8%	$4.4M-9.9%	$4.9M+80.2%	$2.7M
Capital Expenditures	$8.1M	$2.4M-62.7%	$6.4M+2.2%	$6.3M-49.8%	$12.5M+425.3%	$2.4M-56.3%	$5.4M-13.2%	$6.3M+63.0%	$3.8M+37.4%	$2.8M-60.0%	$7.0M+546.6%	$1.1M-62.1%	$2.9M+19909.9%	$14K-91.1%	$160K+29.5%	$124K
Free Cash Flow	$65.4M	$59.3M+28.2%	$46.3M+38.4%	$33.4M-24.5%	$44.3M+1.1%	$43.8M+85.4%	$23.6M+0.1%	$23.6M+39.0%	$17.0M+1189.1%	-$1.6M-133.9%	$4.6M+264.9%	$1.3M+208.2%	-$1.2M-126.4%	$4.4M-7.1%	$4.7M+82.6%	$2.6M
Investing Cash Flow	-$618.9M	-$499.0M-18.8%	-$420.2M-210.7%	-$135.2M+83.9%	-$840.8M-217.3%	-$265.0M-2.2%	-$259.3M-173.6%	-$94.8M+0.1%	-$94.9M-87.0%	-$50.7M	N/A	N/A	N/A	N/A	-$3.4M-110.0%	$34.4M
Financing Cash Flow	$559.7M	$514.2M+27.6%	$402.8M+122.1%	$181.4M+3276.2%	$5.4M-99.3%	$782.2M+48.1%	$528.0M+296.8%	$133.1M+73.2%	$76.8M-18.1%	$93.8M	N/A	N/A	N/A	N/A	$19.0M+189.9%	-$21.2M
Dividends Paid	$5.6M	$5.5M+0.6%	$5.4M-0.1%	$5.4M+14.9%	$4.7M+26.7%	$3.7M+24.8%	$3.0M+326.6%	$700K	$0	$0-100.0%	$3.0M+500.0%	$500K	N/A	N/A	-$986K-224.9%	-$303K
Share Buybacks	N/A	N/A	$3.0M	N/A	N/A	$1.2M-72.0%	$4.3M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$23.7M+44.6%	$16.4M-1.0%	$16.5M-2.1%	$16.9M+20.4%	$14.0M-1.9%	$14.3M-14.4%	$16.7M+34.6%	$12.4M
Capital Expenditures	$1.2M-80.7%	$6.2M+1652.5%	$354K+7.9%	$328K-57.8%	$778K-16.3%	$929K-30.3%	$1.3M+26.4%	$1.1M
Free Cash Flow	$22.5M+121.2%	$10.2M-37.2%	$16.2M-2.3%	$16.6M+25.0%	$13.2M-0.9%	$13.4M-13.0%	$15.4M+35.3%	$11.3M
Investing Cash Flow	-$175.5M+0.6%	-$176.6M-3.0%	-$171.4M-80.0%	-$95.3M+28.6%	-$133.4M-34.7%	-$99.0M+46.2%	-$183.9M-14.6%	-$160.5M
Financing Cash Flow	$185.2M+341.6%	$41.9M-32.6%	$62.2M-77.0%	$270.4M+340.0%	$61.5M-48.8%	$120.1M-66.8%	$361.9M+20363.0%	-$1.8M
Dividends Paid	$1.5M+12.7%	$1.4M+0.2%	$1.4M-0.1%	$1.4M+0.1%	$1.4M+0.6%	$1.4M+0.2%	$1.4M0.0%	$1.4M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	$0-100.0%	-$1K

SMBK Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

SMBK quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Return on Equity	9.1%+1.8pp	7.4%+1.1pp	6.2%-3.7pp	10.0%+1.9pp	8.1%+1.3pp	6.8%-1.7pp	8.5%+2.1pp	6.4%+4.0pp	2.4%-3.1pp	5.5%+4.0pp	1.5%-1.8pp	3.3%+0.1pp	3.2%-0.2pp	3.4%+0.5pp	2.9%
Return on Assets	0.9%+0.2pp	0.7%+0.1pp	0.6%-0.3pp	0.9%+0.2pp	0.8%0.0pp	0.7%-0.3pp	1.1%+0.3pp	0.8%+0.5pp	0.3%-0.3pp	0.5%+0.4pp	0.1%-0.2pp	0.3%-0.1pp	0.4%+0.1pp	0.3%+0.1pp	0.2%
Debt-to-Equity	0.010.0x	0.020.0x	0.03-0.1x	0.10-0.1x	0.200.0x	0.23+0.1x	0.10-6.9x	7.04-0.3x	7.36-1.7x	9.10-0.1x	9.22+0.7x	8.55+1.1x	7.42-2.4x	9.85-1.2x	11.00

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Return on Equity	2.8%+0.4pp	2.4%	N/A	2.5%+0.3pp	2.3%0.0pp	2.2%	N/A	1.9%
Return on Assets	0.3%0.0pp	0.2%	N/A	0.2%0.0pp	0.2%0.0pp	0.2%	N/A	0.2%
Debt-to-Equity	0.000.0x	0.010.0x	0.010.0x	0.000.0x	0.010.0x	0.010.0x	0.020.0x	0.02

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Net Margin, Current Ratio, FCF Margin.

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Where Smartfinancial Inc Ranks

Frequently Asked Questions

Is Smartfinancial Inc profitable?

Yes, Smartfinancial Inc (SMBK) reported a net income of $50.3M in fiscal year 2025.

How much debt does Smartfinancial Inc have?

As of fiscal year 2025, Smartfinancial Inc (SMBK) had $464.4M in cash and equivalents against $3.0M in long-term debt.

Does Smartfinancial Inc pay dividends?

Yes, Smartfinancial Inc (SMBK) paid $0.32 per share in dividends during fiscal year 2025.

What is Smartfinancial Inc's return on equity (ROE)?

Smartfinancial Inc (SMBK) has a return on equity of 9.1% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Smartfinancial Inc's free cash flow?

Smartfinancial Inc (SMBK) generated $59.3M in free cash flow during fiscal year 2025. This represents a 28.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Smartfinancial Inc's operating cash flow?

Smartfinancial Inc (SMBK) generated $61.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Smartfinancial Inc's total assets?

Smartfinancial Inc (SMBK) had $5.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Smartfinancial Inc's capital expenditures?

Smartfinancial Inc (SMBK) invested $2.4M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Smartfinancial Inc have outstanding?

Smartfinancial Inc (SMBK) had 17M shares outstanding as of fiscal year 2025.

What is Smartfinancial Inc's debt-to-equity ratio?

Smartfinancial Inc (SMBK) had a debt-to-equity ratio of 0.01 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Smartfinancial Inc's return on assets (ROA)?

Smartfinancial Inc (SMBK) had a return on assets of 0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Smartfinancial Inc's Piotroski F-Score?

Smartfinancial Inc (SMBK) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Smartfinancial Inc's earnings high quality?

Smartfinancial Inc (SMBK) has an earnings quality ratio of 1.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.