SmartFinancial (SMBK)
NYSE:SMBK
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SmartFinancial
(NYSE:SMBK)
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Rating:73Outperform
Price Target:
$46.00
â–²(8.54% Upside)
Action:Reiterated
Date:05/23/26
The score is driven primarily by solid underlying financial performance (growth, profitability, and cash generation), reinforced by a constructive earnings outlook for margin stabilization and continued organic growth. Offsetting factors are only moderate technical momentum, recent debt increase and provisioning-related risks, and a modest dividend yield despite a reasonable P/E valuation.
Positive Factors
Strong organic loan & deposit growth
Sustained, high single-digit to double-digit organic loan and core deposit growth demonstrates durable franchise expansion in regional markets. Growing low-cost core deposits and strong loan origination support recurring net interest income, funding self-sustained balance-sheet growth over coming quarters.
Negative Factors
Notable step-up in total debt
A material increase in borrowings in a short period meaningfully reduces balance-sheet flexibility and increases interest expense sensitivity. If funding costs reaccelerate or credit trends worsen, the higher debt stock could constrain capital actions and limit strategic levers over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong organic loan & deposit growth
Sustained, high single-digit to double-digit organic loan and core deposit growth demonstrates durable franchise expansion in regional markets. Growing low-cost core deposits and strong loan origination support recurring net interest income, funding self-sustained balance-sheet growth over coming quarters.
Read all positive factors
SmartFinancial (SMBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$711.98M
Dividend Yield0.84%
Average Volume (3M)61.23K
Price to Earnings (P/E)12.0
Beta (1Y)0.98
Revenue Growth12.24%
EPS Growth38.38%
CountryUS
Employees597
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.15
Shares Outstanding17,098,473
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 Ratio10.47
Enterprise Value/Market Cap0.66
Enterprise Value/Revenue1.45
Enterprise Value/Gross Profit2.33
Enterprise Value/Ebitda6.60
Forecast
1Y Price Target
$48.00Price Target Upside13.26% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)3.53
Revenue Forecast (FY)$222.90M
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:Apr 20, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 27, 2026
Earnings Call Sentiment Positive
The call described a strong start to 2026 with robust organic loan and core deposit growth, improved net interest margin and net interest income, solid credit metrics, and improving capital and tangible book value. Headwinds noted were mostly manageable and operational: an ACL model-driven uptick in provisioning, modest asset yield compression, seasonally lower noninterest income, selective increases in compensation expense, and heightened competitive pressure that could pressure funding costs. Management provided reasonable near-term guidance (flat NIM in Q2, modest margin improvement later in the year) and reiterated disciplined pricing and liquidity management.Positive Updates
Tangible Book Value Increased
Tangible book value rose to $27.33 per share from $26.86 at year-end, an increase of $0.47 per share (≈+1.8%), signaling continued capital build and shareholder value growth.
Negative Updates
Allowance Model Change Increased Provisioning
Updated CECL/allowance model expanded forecasting and qualitative adjustments, driving higher provisioning during the quarter. Provision expense was $4.1 million, and the allowance for credit losses rose to 0.97% of loans (from 0.94%), a +3 basis point absolute increase.
Read all updates
Q1-2026 Updates
Positive
Negative
Tangible Book Value Increased
Tangible book value rose to $27.33 per share from $26.86 at year-end, an increase of $0.47 per share (≈+1.8%), signaling continued capital build and shareholder value growth.
Read all positive updates
Company Guidance
The company guided to a relatively stable margin trajectory—net interest margin was 3.48% this quarter and management expects NIM to stabilize and remain relatively flat in Q2 before increasing modestly in the back half of 2026—with net interest income this quarter at $45.9 million; new loan production yields were ~6.4% for the quarter (6.45% in March) and renewals are coming in ~120 bps higher while 88% of loans up for repricing are being renewed. For Q2 they projected operating noninterest income of roughly $7.8 million and operating noninterest expense of $34.0–34.5 million (salary and benefits about $20.5 million+), with an operating efficiency ratio around the low‑60% range and a goal to trend to ~60% by year‑end. Credit and capital guidance included an allowance for credit losses of $44 million (0.97% of loans) expected to remain in the 97–98 bps range, a Q1 provision of $4.1 million (including $926k for higher unfunded commitments and an unfunded commitments liability of $4.5 million), nonperforming assets at 0.25% of assets, net charge‑offs of 2 bps, a loan‑to‑deposit ratio near 87% (management comfortable at 90%+), continued strong organic growth (loans +14% annualized, core deposits +7% annualized), TCE of 8% and total risk‑based capital of 12.7%, and an internal goal of reaching a $1.00 quarterly EPS run‑rate by Q4 2026.SmartFinancial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 323.61M | 316.37M | 285.27M | 240.37M | 186.55M | 149.18M |
| Gross Profit | 200.84M | 192.88M | 166.35M | 149.38M | 161.20M | 135.71M |
| EBITDA | 70.85M | 69.93M | 56.87M | 49.72M | 67.55M | 53.32M |
| Net Income | 52.77M | 50.35M | 36.14M | 28.59M | 43.02M | 34.79M |
Balance Sheet | ||||||
| Total Assets | 5.91B | 5.86B | 5.28B | 4.83B | 4.64B | 4.61B |
| Cash, Cash Equivalents and Short-Term Investments | 898.15M | 1.14B | 684.73M | 703.23M | 735.01M | 1.49B |
| Total Debt | 101.91M | 101.67M | 47.78M | 55.20M | 83.92M | 141.73M |
| Total Liabilities | 5.35B | 5.31B | 4.78B | 4.37B | 4.21B | 4.18B |
| Stockholders Equity | 562.05M | 552.38M | 491.35M | 459.89M | 432.45M | 429.43M |
Cash Flow | ||||||
| Free Cash Flow | 53.85M | 59.34M | 46.30M | 33.45M | 44.31M | 43.80M |
| Operating Cash Flow | 63.80M | 61.72M | 52.70M | 39.72M | 56.79M | 46.18M |
| Investing Cash Flow | -576.72M | -499.05M | -420.22M | -135.24M | -840.82M | -264.99M |
| Financing Cash Flow | 436.01M | 514.17M | 402.82M | 181.37M | 5.37M | 782.17M |
SmartFinancial Technical Analysis
Positive
42.38
Price Trends
40.60
Positive
40.11
Positive
38.05
Positive
Market Momentum
0.03
Positive
53.74
Neutral
66.12
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMBK, the sentiment is Positive. The current price of 42.38 is above the 20-day moving average (MA) of 41.47, above the 50-day MA of 40.60, and above the 200-day MA of 38.05, indicating a bullish trend. The MACD of 0.03 indicates Positive momentum. The RSI at 53.74 is Neutral, neither overbought nor oversold. The STOCH value of 66.12 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $759.97M | 10.27 | 12.00% | 1.59% | 4.91% | 20.39% | |
73 Outperform | $711.98M | 12.01 | 9.72% | 0.84% | 12.24% | 38.38% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $775.79M | 11.75 | 12.58% | 1.57% | 3.76% | 19.82% | |
45 Neutral | $767.21M | -21,396.11 | -4.99% | 1.54% | -9.02% | -172.36% |
* Financial Sector Average
SMBK
SmartFinancial
41.64
11.01
35.95%
SMBC
Southern Missouri Bancorp
68.99
17.32
33.52%
SUPV
Grupo Supervielle SA
7.93
-7.77
-49.49%
SPFI
South Plains Financial
40.52
6.28
18.35%
SmartFinancial Corporate Events
Executive/Board ChangesShareholder Meetings
SmartFinancial Shareholders Back Directors, Auditor and Executive Pay
Positive
May 22, 2026
SmartFinancial, Inc. held its 2026 annual meeting of shareholders on May 21, 2026, with 80.61% of outstanding shares represented in person or by proxy, and shareholders elected ten directors to serve until the 2027 annual meeting. Investors also r...
Business Operations and StrategyDividendsFinancial Disclosures
SmartFinancial Raises Quarterly Dividend, Signals Ongoing Confidence
Positive
Apr 30, 2026
On April 30, 2026, SmartFinancial, Inc. announced that its board of directors declared a regular quarterly cash dividend of $0.09 per share, payable on June 1, 2026, to shareholders of record as of May 15, 2026. The dividend, representing a 12.5% ...
Business Operations and StrategyFinancial Disclosures
SmartFinancial Posts Solid Q1 2026 Earnings Growth
Positive
Apr 20, 2026
SmartFinancial reported first-quarter 2026 net income of $13.7 million, or $0.81 per diluted share, unchanged from the prior quarter but up from $11.3 million, or $0.67 per share, a year earlier, reflecting solid loan and deposit growth and an imp...
Business Operations and StrategyExecutive/Board Changes
SmartFinancial Elevates Cynthia Cain to Chief Operating Officer
Positive
Mar 31, 2026
On March 31, 2026, Knoxville-based SmartBank promoted Cynthia A. Cain to the newly formalized role of Chief Operating Officer, effective immediately. The position expands the bank’s C-suite structure as it responds to rapid changes in financ...
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.