SmartFinancial (SMBK)
NYSE:SMBK
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SmartFinancial
(NYSE:SMBK)
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Rating:70Outperform
Price Target:
$42.00
â–²(9.69% Upside)
Action:ReiteratedDate:03/17/26
The score is driven by solid fundamentals and a constructive earnings outlook (expected margin expansion, strong loan/deposit growth, and disciplined funding actions), supported by reasonable valuation. These positives are tempered by weak near-term technical momentum (bearish indicators and trading below key moving averages) and some balance-sheet/cash-flow watch items (2025 debt step-up and prior free-cash-flow variability).
Positive Factors
Loan & Deposit Growth
Sustained double-digit organic loan growth and strong core deposit gains reflect durable franchise expansion and funding stability. Over several periods this supports asset yield scale, reduces reliance on wholesale funding, and underpins long-term net interest income and lending capacity.
Negative Factors
Margin Compression vs Peak Years
Net margins remain materially below prior peak years, indicating a structurally less favorable rate/expense backdrop. Persistently lower margins compress earned spread, limiting profit sensitivity to loan growth and requiring sustained expense discipline to preserve return on equity.
Read all positive and negative factors
Positive Factors
Negative Factors
Loan & Deposit Growth
Sustained double-digit organic loan growth and strong core deposit gains reflect durable franchise expansion and funding stability. Over several periods this supports asset yield scale, reduces reliance on wholesale funding, and underpins long-term net interest income and lending capacity.
Read all positive factors
SmartFinancial (SMBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$654.64M
Dividend Yield0.84%
Average Volume (3M)61.23K
Price to Earnings (P/E)12.3
Beta (1Y)1.01
Revenue Growth13.41%
EPS Growth41.78%
CountryUS
Employees597
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.81
Shares Outstanding17,096,970
10 Day Avg. Volume76,213
30 Day Avg. Volume61,232
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)1.12
Price to Sales (P/S)1.96
P/FCF Ratio10.06
Enterprise Value/Market Cap0.58
Enterprise Value/Revenue1.20
Enterprise Value/Gross Profit1.97
Enterprise Value/Ebitda5.43
Forecast
1Y Price Target
$45.00Price Target Upside17.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.53
Revenue Forecast (FY)$223.99M
SmartFinancial Business Overview & Revenue Model
Company Description
SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers. It operates through Commercial Real Estate, Consumer Real Estate, Construction and Land Develo...
How the Company Makes Money
SmartFinancial primarily makes money through (1) net interest income and (2) noninterest income. Net interest income is generated from the spread between interest earned on interest-earning assets—mainly loans (commercial, commercial real estate, ...
SmartFinancial Earnings Call Summary
Earnings Call Date:Jan 20, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 27, 2026
Earnings Call Sentiment Positive
The call presented a broadly positive picture: strong organic growth across loans and deposits, record annual earnings, meaningful PPNR expansion (44% YoY), improved efficiency (60% vs. 64%) and low credit metrics (NPA 0.22%, net charge-offs 8 bps). Management is reducing expensive brokered funding, growing core deposits, and guiding toward higher margins through the year. Key negatives were limited and specific: a modest provision and allowance build related to a small fountain equipment loan segment (~$2.4M), a small decline in loan yields, seasonal/compensation-driven near-term expense pressure, and a pending allowance-model-driven slight ACL increase. Overall, the positive items substantially outweigh the isolated headwinds.Positive Updates
Record Annual Earnings and Strong Quarterly Operating Earnings
Full-year 2025 record earnings of over $51.0 million; Q4 operating earnings of $13.7 million, or $0.81 per diluted share.
Negative Updates
Isolated Credit Pressure in Fountain Equipment Portfolio
Provision expense included approximately $2.4 million allocated to a small segment of fountain equipment loans and an overall provision of $4.1 million (including $408,000 for unfunded commitments); management added to allowance to cover this exposure.
Read all updates
Q4-2025 Updates
Positive
Negative
Record Annual Earnings and Strong Quarterly Operating Earnings
Full-year 2025 record earnings of over $51.0 million; Q4 operating earnings of $13.7 million, or $0.81 per diluted share.
Read all positive updates
Company Guidance
The company guided to a first-quarter 2026 net interest margin of 3.40%–3.45% (with funding costs expected to decline ~17–18 bps in Q1) and modest incremental NIM expansion to roughly 3.50%+ by year-end, while targeting high-single-digit loan growth (~8–9% annualized) and keeping the securities book near 11%–12% of assets; specific Q1 financial guidance included operating noninterest income of about $7.6 million, noninterest expense of $33.5–$34.0 million (salary & benefit expense $20.5–$21.0 million), and continued expense discipline with year-over-year expense growth targeted near 5% (annual band ~$34.5–$35.0 million previously cited). Management expects continued core deposit strength (noninterest-bearing deposits to stabilize near 19%), to pay down an additional $44 million of brokered deposits in Q1 (average rate ~4.05%) leaving roughly $8 million remaining, to maintain a strong liquidity position (quarter-end loan-to-deposit ~85%), to implement an updated allowance model by end of Q1 (allowance for credit losses was 0.94% of loans and expected to tick up a few basis points), and to pursue a $4.00 EPS run rate goal by year-end 2026.SmartFinancial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
71
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 316.37M | 285.27M | 240.37M | 186.55M | 149.18M |
| Gross Profit | 192.88M | 166.35M | 149.38M | 161.20M | 135.71M |
| EBITDA | 69.93M | 56.87M | 49.72M | 67.55M | 53.32M |
| Net Income | 50.35M | 36.14M | 28.59M | 43.02M | 34.79M |
Balance Sheet | |||||
| Total Assets | 5.74B | 5.28B | 4.83B | 4.64B | 4.61B |
| Cash, Cash Equivalents and Short-Term Investments | 1.04B | 684.73M | 703.23M | 735.01M | 1.49B |
| Total Debt | 102.09M | 47.78M | 55.20M | 83.92M | 141.73M |
| Total Liabilities | 5.19B | 4.78B | 4.37B | 4.21B | 4.18B |
| Stockholders Equity | 552.38M | 491.35M | 459.89M | 432.45M | 429.43M |
Cash Flow | |||||
| Free Cash Flow | 61.72M | 46.30M | 33.45M | 44.31M | 43.80M |
| Operating Cash Flow | 61.72M | 52.70M | 39.72M | 56.79M | 46.18M |
| Investing Cash Flow | -499.05M | -420.22M | -135.24M | -840.82M | -264.99M |
| Financing Cash Flow | 514.17M | 402.82M | 181.37M | 5.37M | 782.17M |
SmartFinancial Technical Analysis
Negative
38.29
Price Trends
39.87
Negative
38.41
Negative
36.68
Positive
Market Momentum
-0.45
Negative
44.61
Neutral
62.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMBK, the sentiment is Negative. The current price of 38.29 is below the 20-day moving average (MA) of 38.47, below the 50-day MA of 39.87, and above the 200-day MA of 36.68, indicating a neutral trend. The MACD of -0.45 indicates Negative momentum. The RSI at 44.61 is Neutral, neither overbought nor oversold. The STOCH value of 62.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SMBK.
SmartFinancial Risk Analysis
SmartFinancial disclosed 32 risk factors in its most recent earnings report. SmartFinancial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SmartFinancial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $693.60M | 9.08 | 11.54% | 1.59% | 9.34% | 25.21% | |
76 Outperform | $674.00M | 10.33 | 12.51% | 1.57% | 5.87% | 37.99% | |
72 Outperform | $749.59M | 12.18 | 6.83% | 4.16% | 8.23% | -0.07% | |
70 Outperform | $654.64M | 12.33 | 9.01% | 0.84% | 13.41% | 41.78% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
42 Neutral | $799.08M | -26.53 | -5.10% | 1.54% | -50.96% | -89.23% |
* Financial Sector Average
SMBK
SmartFinancial
38.29
7.50
24.34%
HTBK
Heritage Commerce
12.17
3.21
35.81%
SMBC
Southern Missouri Bancorp
62.44
11.30
22.11%
SUPV
Grupo Supervielle SA
8.27
-4.63
-35.91%
SPFI
South Plains Financial
41.27
8.70
26.72%
SmartFinancial Corporate Events
Stock BuybackDividends
SmartFinancial Announces Dividend and New Share Repurchase
Positive
Jan 30, 2026
On January 29, 2026, SmartFinancial’s board declared a quarterly cash dividend of $0.08 per share on its common stock, payable on March 2, 2026, to shareholders of record as of February 13, 2026, underscoring an ongoing capital return to inv...
Business Operations and StrategyFinancial Disclosures
SmartFinancial Posts Strong Q4 2025 Earnings and Growth
Positive
Jan 20, 2026
On January 20, 2026, SmartFinancial reported strong results for the fourth quarter of 2025, posting net income and operating earnings of $13.7 million, or $0.81 per diluted share, up from $9.6 million, or $0.57 per share, a year earlier, and flat ...
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
SmartFinancial Extends Exchange Offer for Subordinated Notes
Positive
Jan 5, 2026
On January 5, 2026, SmartFinancial, Inc. announced that it had extended its registered exchange offer for up to $100 million of its 7.25% Fixed-to-Floating Rate Subordinated Notes due 2035, allowing holders of unregistered notes issued in a privat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.