Recent News
On October 21, 2025 SmartFinancial reported third-quarter 2025 results, disclosing net income of $13.7 million and noting a $4.0 million gain from the sale of SBK Insurance alongside securities repositioning; management also completed a $100 million subordinated debt issuance. On October 31, 2025 the board declared a $0.08 quarterly cash dividend payable December 2, 2025 to shareholders of record November 17, 2025. The company held its related earnings release and conference call in late October 2025.
Technical Analysis
ADX / DI+ / DI-: ADX at 30.48 denotes a strong underlying trend. DI+ shows a peak-and-reverse, which signals a bearish directional shift, while DI- registered a dip-and-reversal that also reads as bearish; the combination with a strong ADX amplifies the directional bias toward sellers in the near term.
MACD: MACD stands at 0.88 with the signal line at 0.79; the oscillator currently sits above its signal but the MACD trend registered a peak-and-reversal, indicating a loss of bullish momentum despite the level remaining positive.
MRO (Momentum/Regression Oscillator): MRO at 23.26 sits positive, implying the market price trades above the model target and faces downward pressure toward fair value; the rising MRO trend previously supported upward momentum but its current level suggests potential mean reversion toward valuation.
RSI: RSI at 58.14 with a peak-and-reverse trend signals waning upside pressure and a bias for consolidation or modest pullback rather than fresh acceleration to overbought conditions.
Price Versus Moving Averages and Bands: The 12-day EMA increased and the recent close at $38.85 sits above the 20-day average ($38.53), the 50-day average ($36.21) and the 200-day average ($33.87), supporting near-term upside resilience. Bollinger boundaries place the 1x upper band near $39.68 and lower band near $37.38, suggesting current price sits within the upper half of the short-term trading range.
Support/Volatility Context: SuperTrend lower support at $37.61 and the ichimoku cloud (Senkou A $34.95 / Senkou B $35.39) provide structural downside references inside a low-volatility regime (42‑day and 52‑week volatility both near 2%). Short-term volume averages show lighter execution relative to the 10-day average, indicating moves may lack heavy conviction.
Fundamental Analysis
Earnings & Share Metrics: Reported EPS of $0.86 exceeded the $0.72 estimate, a 19.44% surprise that reinforces recent profitability strength. Forward EPS sits at $0.8404 while forward PE rounds to 60.50, higher than the industry peer mean forward PE of 50.21, indicating elevated forward multiple expectations relative to peers.
Profitability & Growth: Net income totaled $13.686 million; earnings growth registered +24.64% year-over-year and +725.39% quarter-over-quarter, underscoring improving bottom-line momentum. YoY revenue growth showed a decline of 4.32% while quarterly revenue change contracted by 184.17% QoQ, signaling top-line pressure despite improving earnings driven by margins, non-recurring items, or controlled costs.
Cash Flow & Capital: Operating cash flow reached $16.885 million with free cash flow of $16.557 million and a free cash flow yield of 2.76%, marginally above the industry peer mean of 2.70%; free cash to net income stands at 1.21x, supporting dividend and capital activity. The company declared dividends with 9.98x dividend coverage and a payout ratio near 9.98%, reflecting a conservative distribution stance.
Balance Sheet & Leverage: Total assets totaled $5.785 billion with debt-to-assets at 2.40%, below the industry peer mean of 5.59%, and debt-to-equity near 25.75%, below the industry peer mean of 50.98%; the low leverage profile preserves capacity to fund growth or absorb shocks. Asset growth ran +5.36% YoY and asset turnover remains low at 0.84%, consistent with banking business models.
Valuation Context: Price-to-book at 1.11 sits slightly below the industry peer mean of 1.25, while trailing P/E near 40.98 sits marginally below the industry peer mean of 43.01. WMDST values the stock as fair-valued given the combination of improving earnings, constrained revenue growth, conservative leverage, and forward multiples that outpace peer mean expectations.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-21 |
| NEXT REPORT DATE: | 2026-01-20 |
| CASH FLOW | Begin Period Cash Flow | $ 365.1 M |
| Operating Cash Flow | $ 16.9 M | |
| Capital Expenditures | $ -328.00 K | |
| Change In Working Capital | $ 5.5 M | |
| Dividends Paid | $ -1.37 M | |
| Cash Flow Delta | $ 192.0 M | |
| End Period Cash Flow | $ 557.1 M | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 47.1 M | |
| Forward Revenue | $ 12.3 M | |
| COSTS | ||
| Cost Of Revenue | — | |
| Depreciation | $ 2.0 M | |
| Depreciation and Amortization | $ 2.5 M | |
| Research and Development | — | |
| Total Operating Expenses | — | |
| PROFITABILITY | ||
| Gross Profit | — | |
| EBITDA | — | |
| EBIT | — | |
| Operating Income | — | |
| Interest Income | $ 74.5 M | |
| Interest Expense | $ 32.1 M | |
| Net Interest Income | $ 42.4 M | |
| Income Before Tax | $ 17.0 M | |
| Tax Provision | $ 3.3 M | |
| Tax Rate | 19.4 % | |
| Net Income | $ 13.7 M | |
| Net Income From Continuing Operations | $ 13.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.72 | |
| EPS Actual | $ 0.86 | |
| EPS Difference | $ 0.14 | |
| EPS Surprise | 19.444 % | |
| Forward EPS | $ 0.84 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 5.8 B | |
| Intangible Assets | $ 95.8 M | |
| Net Tangible Assets | $ 442.6 M | |
| Total Current Assets | — | |
| Cash and Short-Term Investments | — | |
| Cash | $ 523.1 M | |
| Net Receivables | — | |
| Inventory | — | |
| Long-Term Investments | — | |
| LIABILITIES | ||
| Accounts Payable | — | |
| Short-Term Debt | — | |
| Total Current Liabilities | — | |
| Net Debt | — | |
| Total Debt | $ 138.6 M | |
| Total Liabilities | $ 5.2 B | |
| EQUITY | ||
| Total Equity | $ 538.4 M | |
| Retained Earnings | $ 236.4 M | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 31.62 | |
| Shares Outstanding | 17.028 M | |
| Revenue Per-Share | $ 2.77 | |
| VALUATION | Market Capitalization | $ 600.1 M |
| Enterprise Value | $ 738.7 M | |
| Enterprise Multiple | — | |
| Enterprise Multiple QoQ | — | |
| Enterprise Multiple YoY | — | |
| Enterprise Multiple IPRWA | — | |
| EV/R | 15.68 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 10.745 | |
| Asset To Liability | 1.103 | |
| Debt To Capital | 0.205 | |
| Debt To Assets | 0.024 | |
| Debt To Assets QoQ | 201.005 % | |
| Debt To Assets YoY | 2249.02 % | |
| Debt To Assets IPRWA | high: 0.165 mean: 0.056 median: 0.053 SMBK: 0.024 low: 0.0 |
|
| Debt To Equity | 0.257 | |
| Debt To Equity QoQ | 205.579 % | |
| Debt To Equity YoY | 2419.08 % | |
| Debt To Equity IPRWA | high: 1.525 mean: 0.51 median: 0.455 SMBK: 0.257 low: -0.109 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.115 | |
| Price To Book QoQ | -1.35 % | |
| Price To Book YoY | 14.854 % | |
| Price To Book IPRWA | high: 2.042 mean: 1.246 median: 1.156 SMBK: 1.115 low: 0.284 |
|
| Price To Earnings (P/E) | 40.98 | |
| Price To Earnings QoQ | -14.435 % | |
| Price To Earnings YoY | -21.079 % | |
| Price To Earnings IPRWA | high: 75.793 mean: 43.009 median: 41.79 SMBK: 40.98 low: 9.669 |
|
| PE/G Ratio | 1.663 | |
| Price To Sales (P/S) | 12.738 | |
| Price To Sales QoQ | 6.953 % | |
| Price To Sales YoY | 18.55 % | |
| Price To Sales IPRWA | high: 24.051 mean: 12.812 SMBK: 12.738 median: 12.491 low: 0.117 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 60.496 | |
| Forward PE/G | 2.455 | |
| Forward P/S | 69.705 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | — | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.008 | |
| Asset Turnover Ratio QoQ | -7.42 % | |
| Asset Turnover Ratio YoY | -7.214 % | |
| Asset Turnover Ratio IPRWA | high: 0.016 mean: 0.01 median: 0.01 SMBK: 0.008 low: 0.005 |
|
| Receivables Turnover | — | |
| Receivables Turnover Ratio QoQ | — | |
| Receivables Turnover Ratio YoY | — | |
| Receivables Turnover Ratio IPRWA | — | |
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | — | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | — | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 84.471 mean: 35.522 median: 34.679 SMBK: 0 low: -17.91 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | — | |
| CapEx To Revenue | -0.007 | |
| CapEx To Depreciation | -0.167 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 677.0 M | |
| Net Invested Capital | $ 677.0 M | |
| Invested Capital | $ 677.0 M | |
| Net Tangible Assets | $ 442.6 M | |
| Net Working Capital | — | |
| LIQUIDITY | ||
| Cash Ratio | — | |
| Current Ratio | — | |
| Current Ratio QoQ | — | |
| Current Ratio YoY | — | |
| Current Ratio IPRWA | — | |
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | — | |
| Cost Of Debt | 28.385 % | |
| Interest Coverage Ratio | — | |
| Interest Coverage Ratio QoQ | — | |
| Interest Coverage Ratio YoY | — | |
| Interest Coverage Ratio IPRWA | — | |
| Operating Cash Flow Ratio | — | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | — | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 10.019 | |
| Dividend Payout Ratio | 0.1 | |
| Dividend Rate | $ 0.08 | |
| Dividend Yield | 0.002 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 5.357 % | |
| Revenue Growth | -4.324 % | |
| Revenue Growth QoQ | -184.174 % | |
| Revenue Growth YoY | -146.57 % | |
| Revenue Growth IPRWA | high: 23.369 % mean: 4.956 % median: 4.094 % SMBK: -4.324 % low: -9.66 % |
|
| Earnings Growth | 24.638 % | |
| Earnings Growth QoQ | 725.394 % | |
| Earnings Growth YoY | 41.671 % | |
| Earnings Growth IPRWA | high: 63.889 % SMBK: 24.638 % median: 8.235 % mean: 7.61 % low: -37.5 % |
|
| MARGINS | ||
| Gross Margin | — | |
| Gross Margin QoQ | — | |
| Gross Margin YoY | — | |
| Gross Margin IPRWA | — | |
| EBIT Margin | — | |
| EBIT Margin QoQ | — | |
| EBIT Margin YoY | — | |
| EBIT Margin IPRWA | — | |
| Return On Sales (ROS) | — | |
| Return On Sales QoQ | — | |
| Return On Sales YoY | — | |
| Return On Sales IPRWA | — | |
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 16.6 M | |
| Free Cash Flow Yield | 2.759 % | |
| Free Cash Flow Yield QoQ | 22.188 % | |
| Free Cash Flow Yield YoY | 15.439 % | |
| Free Cash Flow Yield IPRWA | high: 9.814 % SMBK: 2.759 % mean: 2.699 % median: 2.634 % low: -3.401 % |
|
| Free Cash Growth | 25.015 % | |
| Free Cash Growth QoQ | -3032.591 % | |
| Free Cash Growth YoY | -194.25 % | |
| Free Cash Growth IPRWA | high: 435.53 % SMBK: 25.015 % mean: 17.577 % median: 4.44 % low: -394.679 % |
|
| Free Cash To Net Income | 1.21 | |
| Cash Flow Margin | 34.348 % | |
| Cash Flow To Earnings | 1.182 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.08 | |
| Return On Assets (ROA) | 0.243 % | |
| Return On Assets QoQ | 13.023 % | |
| Return On Assets YoY | 29.947 % | |
| Return On Assets IPRWA | high: 0.657 % mean: 0.305 % median: 0.301 % SMBK: 0.243 % low: 0.027 % |
|
| Return On Capital Employed (ROCE) | — | |
| Return On Equity (ROE) | 0.025 | |
| Return On Equity QoQ | 12.727 % | |
| Return On Equity YoY | 36.009 % | |
| Return On Equity IPRWA | high: 0.052 median: 0.03 mean: 0.029 SMBK: 0.025 low: 0.002 |
|
| DuPont ROE | 2.59 % | |
| Return On Invested Capital (ROIC) | — | |
| Return On Invested Capital QoQ | — | |
| Return On Invested Capital YoY | — | |
| Return On Invested Capital IPRWA | — | |