SmartFinancial (SMBK) Financial Statements & Analysis

SmartFinancial (SMBK) Income Statement

SmartFinancial reported revenue of $196.50M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 31.1% from $285.27M a year earlier. Net income was $50.35M, up 39.3% year over year, a net margin of 25.6%. Gross margin was 98.2% and operating margin 31.3%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $54.49M, up 16.4% from the same quarter a year earlier.

SmartFinancial Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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SmartFinancial, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	196.50	285.27	149.38	161.20	137.34	133.04	115.18	96.74	55.65
Cost of Revenue	123.48	118.92	90.99	25.35	13.47	25.43	27.17	18.50	6.48
Gross Profit	192.88	166.35	149.38	161.20	135.71	107.61	88.00	78.24	49.18
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	83.92	76.81	30.10	27.01	54.32	44.94	39.75	34.20	23.72
Operating Expenses	131.38	120.89	113.15	106.29	91.39	76.72	54.56	56.90	37.73
Operating Income	61.50	45.46	36.23	54.91	44.32	30.89	33.45	21.34	11.44
Other Income/Expense
Interest Income	285.97	251.12	218.04	158.83	125.23	117.61	108.46	92.21	52.02
Interest Expense	119.87	113.77	87.96	21.33	11.84	16.75	24.58	15.57	5.69
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	61.50	45.46	36.23	54.91	44.32	30.89	33.45	21.34	11.44
Income Tax Expense	11.15	9.32	7.63	11.89	9.53	6.56	6.90	3.23	6.43
Net Income	50.35	36.14	28.59	43.02	34.79	24.33	26.55	18.10	5.02
Net Income - Continuous Operations	50.35	36.14	28.59	43.02	34.79	24.33	26.55	18.10	5.02
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	9.74	56.87	13.50	12.64	53.32	38.65	37.75	24.63	9.75
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	2.15	11.42	2.62	12.64	2.26	7.76	4.30	3.29	-1.69
Earnings Per Share
Basic EPS	3.00	2.00	2.00	3.00	2.00	2.00	2.00	1.00	1.00
Diluted EPS	3.00	2.00	2.00	3.00	2.00	2.00	2.00	1.00	1.00
Basic Shares Outstanding	16.78	16.77	16.81	16.74	15.57	14.96	13.95	12.42	8.63
Diluted Shares Outstanding	16.90	16.88	16.91	16.87	15.70	15.02	14.05	12.52	8.75

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About SmartFinancial Financial Statements

What was SmartFinancial's revenue in fiscal 2025?

SmartFinancial reported revenue of $196.50M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 31.1% from $285.27M a year earlier.

Is SmartFinancial profitable?

Yes. SmartFinancial earned net income of $50.35M in fiscal 2025, a net margin of 25.6%. In fiscal 2024 it earned $36.14M.

What is SmartFinancial's operating margin?

SmartFinancial's operating income was $61.50M on revenue of $196.50M in fiscal 2025, an operating margin of 31.3%, compared with 15.9% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition