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what it is
SmartFinancial runs SmartBank and sells loans, deposits, insurance, mortgage, and wealth services in three states.
how it gets paid
Last year Smartfinancial made $137M in revenue. Commercial Real Estate was the main engine at $45M, or 33% of sales.
what just happened
SmartFinancial posted $0.81 in quarterly EPS, a 3.85% beat.
At a glance
B+ balance sheet — decent shape, but not bulletproof
60/100 earnings predictability — reasonably predictable
14.2x trailing p/e — the market's not buying it — or you found a deal
0.8% dividend yield — cash in your pocket every quarter
$2.14 fy2024 eps est
xvary composite: 57/100 — below average
What they do
SmartFinancial runs SmartBank and sells loans, deposits, insurance, mortgage, and wealth services in three states.
You are not buying a giant bank. You are buying 597 employees and $137M of annual revenue, or about $230k per worker. Deposits -> customer cash -> cheap funding. That matters because your paycheck, mortgage, and savings all sit in one system. The bank also carries $48M of long-term debt, or 7% of capital. That is small enough to manage and big enough to matter.
How they make money
$137M
annual revenue
Commercial Real Estate
$45M
Consumer Real Estate
$27M
Construction and Land Development
$20M
Commercial and Industrial
$28M
Leases and Consumer/Other
$17M
The products that matter
business lending and treasury services
Commercial Banking
12% loan growth
this is the growth engine. commercial lending drove roughly 12% organic loan growth in 2025 across a $5.5B asset base.
core growth
consumer deposits and lending
Retail Banking & Deposits
14% deposit growth
deposits grew roughly 14% in 2025. that funding base is what keeps a projected 3.4% net interest margin from slipping faster.
funding base
fees and other banking income
Non-Interest Income
$45.7M · 23.7% of mix
this $45.7M revenue stream matters because it is one of the few offsets when margin pressure hits the $147M net interest income base.
partial cushion
Key numbers
$137M
annual revenue
Revenue -> all money in the door -> you get a $137M bank, not a hobby shop.
$2.14
fy2024 eps
EPS -> profit per share -> each share earned $2.14 last year.
14.2x
trailing p/e
P/E -> price paid for each dollar of profit -> you are paying 14.2 times earnings for SMBK.
$48M
long-term debt
Debt -> money you owe later -> $48M is 7% of capital, so leverage is present but not wild.
Financial health
B+
strength
- balance sheet grade B+ — solid but not elite
- risk rank 3 — safer than 50% of stocks
- price stability 75 / 100
- long-term debt $48M (7% of capital)
B+ — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for SMBK right now.
source: institutional data · return history unavailable
What just happened
beat estimates
SmartFinancial posted $0.81 in quarterly EPS, a 3.85% beat.
Revenue reached $121M, up 185% vs. prior year, per EDGAR. The quarter also delivered $13.7M of net income.
$121.0M
revenue
$0.81
eps
n/a
n/a
the number that mattered
The $0.81 result beat the $0.78 forecast by 3.85%. That is the quarter that matters because banks are judged by profit, not vibes.
source: company earnings report, 2026
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What could go wrong
the #1 risk is premium valuation resting on a thin 3.4% net interest margin.
high
valuation premium with little margin for error
SMBK trades at a 20% P/E premium versus peers while guiding to a 3.4% margin. If that spread compresses by 50 basis points on a $5.5B asset base, the math gets ugly fast.
SMBK trades at a 20% P/E premium versus peers while guiding to a 3.4% margin. If that spread compresses by 50 basis points on a $5.5B asset base, the math gets ugly fast.
med
regional concentration
you are concentrated in Tennessee and Alabama with a $5.5B asset base. If local credit conditions worsen, both loan growth and credit quality can deteriorate at the same time.
you are concentrated in Tennessee and Alabama with a $5.5B asset base. If local credit conditions worsen, both loan growth and credit quality can deteriorate at the same time.
med
deposit costs can outrun deposit growth
14% deposit growth looks good on paper. The problem is price. If the bank has to pay up more aggressively for funding, that 3.4–3.45% margin guide can fade even with healthy balances.
14% deposit growth looks good on paper. The problem is price. If the bank has to pay up more aggressively for funding, that 3.4–3.45% margin guide can fade even with healthy balances.
three-quarters of listed revenue comes from net interest income, so a margin squeeze does not stay isolated — it hits the core earnings engine.
source: institutional data · regulatory filings · risk analysis
Pay attention to
key metric
net interest margin
3.4–3.45% is the guide. If reported NIM slips below that range, the premium multiple starts looking generous.
calendar
Q1 2026 earnings report
The next print matters because one line item will dominate the read-through: whether management actually lands the guided margin range.
trend
loan growth versus deposit growth
12% loan growth and 14% deposit growth is a healthy pairing. If loans slow first, the growth-bank narrative weakens. If deposits get more expensive first, margin takes the hit.
risk signal
analyst tone after the hold downgrade
One hold call does not make a trend. More caution from the street would tell you the valuation premium is getting harder to defend.
Analyst rankings
earnings predictability
60 / 100
in human-speak: this is predictable enough to model, not predictable enough to coast.
technical rating
2 / 10
price action is weak. that does not decide the thesis, but it tells you momentum is not helping you here.
source: institutional data
Institutional activity
institutional ownership data for SMBK is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$39
current price
n/a
target midpoint · n/a from current
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