SMBK
SMARTFINANCIAL INC.
Next earnings Jul 20, 2026 · consensus $0.92 EPS, $56.7M rev
Last earnings +0.9% on 2026-04-20
$47.97
▲ +2.81%$47.97▲ +48.67%
over 1Y
L $32.26EODHDH $47.97
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+2.8%
1W+7.0%
1M+15.7%
3M+25.6%
YTD+31.8%
1Y+48.7%
Buy
Conviction
Horizon
Medium (3–12mo)
12-mo target
$•••
Street · 11 analysts
Buy
Community bank firing on all cylinders: NIM expansion, efficiency gains, +39% EPS growth at a reasonable 15.6x P/E.
Net income $50.3M · FY2025
The read
Quality fundamentals and an attractive price line up (~136% below fair value) — the rarer case where both the business and the entry look good.
SmartFinancial is showing the kind of operating leverage that small-bank investors hope for and rarely get. FY2025 net income jumped 39.3% to $50.3M with diluted EPS of $2.98, driven by a 21% expansion in net interest income to $166M and a tax-equivalent NIM that widened to 3.29% from 3.04%. The efficiency ratio fell sharply from 70.5% to 65.5% — that's real scale economics, not a one-off. ROA improved to 0.91% and ROE on average equity to 9.67% (the 9.1% headline ROE here uses period-end equity), both trending firmly higher off the 2023 trough. The 10-K confirms record loans ($4.36B, +$454M YoY) and deposits ($5.15B, +$466M YoY), so growth is funded organically rather than via wholesale borrowings (just $3M, with subordinated debt at $99M).
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating income | — | — | — | — | — |
| Net income | $34.8M | $43.0M | $28.6M | $36.1M | $50.3M |
| Diluted EPS | $2.22 | $2.55 | $1.69 | $2.14 | $2.98 |
| Net margin | — | — | — | — | — |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value—
EV / EBITDA—
EV / Sales—
EV / FCF—
P / FCF13.8
PEG (trailing)0.41
Earnings yield6.1%
FCF yield7.2%
Quality & risk
ROIC (est.)—
Free cash flow$59.3M
Total debt$75.4M
Net cash$389M
Capital returns
Buyback yield0.4%
Dividend yield (est.)0.7%
Shareholder yield1.0%
Shares Δ YoY+0.5%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Shareholder vote2026-05-22
Annual meeting vote results disclosed; routine governance outcome.
- 10-Q Quarterly report2026-05-11
Q1 2026 10-Q filed; continues strong loan/deposit growth trajectory.
- S-3 Shelf registration (potential raise)2026-05-01
Shelf registration filed; enables future equity/debt issuance, dilution risk.
- 8-K Reg FD disclosure2026-04-30
Reg FD disclosure with exhibits, likely investor materials/presentation.
- 8-K Earnings results2026-04-20
Q1 2026 earnings release; extends FY25 momentum of +39% net income growth.
- DEF 14A Proxy statement2026-04-07
Annual proxy filed; routine governance/compensation disclosures.
- 8-K Officer / director change2026-03-31
Officer/director change disclosed; leadership transition, impact TBD.
- 10-K Annual report2026-03-16
FY25: NI $50.3M (+39%), EPS $2.98, ROE 9.7%, efficiency ratio improved to 65%.
- 8-K Reg FD disclosure2026-01-30
Reg FD disclosure with exhibits; non-material update.
Recent filings
all on EDGAR ↗4Period ending 2026-06-122026-06-12open ↗4Period ending 2026-06-102026-06-10open ↗4Period ending 2026-06-042026-06-04open ↗8-KPeriod ending 2026-05-212026-05-22open ↗4Period ending 2026-05-192026-05-20open ↗4Period ending 2026-05-182026-05-20open ↗4Period ending 2026-05-012026-05-20open ↗EFFECTFiling2026-05-13open ↗10-QPeriod ending 2026-03-312026-05-11open ↗4Period ending 2026-05-042026-05-04open ↗S-3Filing2026-05-01open ↗8-KPeriod ending 2026-04-302026-04-30open ↗
Frequently asked
- Is SMARTFINANCIAL INC. (SMBK) a buy?
- SMBK currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. Community bank firing on all cylinders: NIM expansion, efficiency gains, +39% EPS growth at a reasonable 15.6x P/E.
- What is SMBK's fair value?
- A Modified-Graham model based on SMBK's SEC fundamentals estimates a fair value of about $113.24. It is an estimate from reported earnings, not a price target.
- Is SMBK overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, SMBK currently appears undervalued relative to its SEC-grounded earnings power.
- What is SMARTFINANCIAL INC.'s quality score?
- SMBK scores 78.64705882352939/100 (grade B+) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001038773, latest 10-Q filed 2026-05-11) · EODHD · analysis by claude-code · as of 6/25/2026, 3:01:52 PM.
Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.