SmartFinancial, Inc (NASDAQ:SMBK) Extends Capital Actions And Signals Continued Margin Expansion

SmartFinancial shows active balance-sheet management while technical indicators point to short-term pressure; fundamentals display modest earnings beats amid slowing top-line growth and a WMDST valuation that labels the stock over-valued.

Recent News

On January 5, 2026 the company extended its registered exchange offer for the 7.25% fixed-to-floating subordinated notes due 2035, reporting $82.5 million tendered to date and keeping the exchange offer open through January 9, 2026 unless further extended.

Technical Analysis

Directional indicators show emerging trend strength: ADX at 20.67 signals an emerging directional regime while DI+ has decreased and DI- has increased, a configuration that favors downside bias to the near-term price path.

MACD sits at 0.18 below its signal line (0.50) and declines, which indicates bearish momentum and suggests downward pressure on short-term price momentum.

MRO registers positive 12.42 with a peak-and-reversal pattern, indicating price sits above WMDST’s target and carries a propensity to revert lower from current levels.

RSI near 54.94 and falling points to fading upside momentum from a neutral zone rather than renewed buying strength.

Price structure shows short-term weakness versus near-term averages: the close at $39.81 trades below the 20-day average ($40.99) and just under the 1x lower Bollinger band ($40.02), while remaining above the 50-day ($39.66) and 200-day ($36.05) averages—this positions the stock between short-term resistance and longer-term support.

Volume registered 76,882, above the 10-day average (63,588) and roughly in line with the 50- and 200-day averages, suggesting above-average participation on recent moves and validating the signal strength from the directional indicators.

 


Fundamental Analysis

Reported EPS of $0.81 beat estimate $0.78 by $0.03, a 3.85% surprise on the quarter; operating performance shows positive bottom-line momentum despite top-line contraction. WMDST recorded the report dated January 20, 2026.

Revenue contracted by 4.32% year-over-year while revenue growth year-over-year reads -1.72%; sequential revenue change rounded to 0.00% signals flat quarter-to-quarter top-line trends. Earnings declined 5.81% on the most-comprehensive growth metric, with quarter-over-quarter earnings down 123.60% and year-over-year earnings growth at -204.64% on the available measures—these figures reflect volatile comparables across reporting periods and require close monitoring of recurring operating items.

Forward estimates show forward EPS of $1.01625 and forward PE of 37.29, roughly in line with the industry peer mean forward PE of 37.79 and below the industry peer high of 63.84. Current trailing PE stands at 45.82, slightly below the industry peer mean of 47.03 and above the industry peer median of 33.07.

Cost of debt measures high at 28.37%, while cash-flow-to-earnings reads $0.00 on the provided metric. Invested capital displays as $-427,841,000 on the balance presentation provided.

WMDST values the stock as over-valued given the combination of stretched trailing multiples relative to some peers, flat-to-declining revenue, and a high cost of debt that weighs on risk-adjusted cash flow expectations.

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2025-12-31
REPORT DATE: 2026-01-20
NEXT REPORT DATE: 2026-04-21
CASH FLOW  Begin Period Cash Flow
 Operating Cash Flow
 Capital Expenditures
 Change In Working Capital
 Dividends Paid
 Cash Flow Delta
 End Period Cash Flow
 
INCOME STATEMENT REVENUE
 Total Revenue
 Forward Revenue
COSTS
 Cost Of Revenue
 Depreciation
 Depreciation and Amortization
 Research and Development
 Total Operating Expenses
PROFITABILITY
 Gross Profit
 EBITDA
 EBIT
 Operating Income
 Interest Income
 Interest Expense
 Net Interest Income
 Income Before Tax
 Tax Provision
 Tax Rate
 Net Income
 Net Income From Continuing Operations
EARNINGS
 EPS Estimate 0.78
 EPS Actual 0.81
 EPS Difference 0.03
 EPS Surprise 3.846 %
 Forward EPS 1.02
 
BALANCE SHEET ASSETS
 Total Assets
 Intangible Assets
 Net Tangible Assets
 Total Current Assets
 Cash and Short-Term Investments
 Cash
 Net Receivables
 Inventory
 Long-Term Investments
LIABILITIES
 Accounts Payable
 Short-Term Debt
 Total Current Liabilities
 Net Debt
 Total Debt
 Total Liabilities
EQUITY
 Total Equity
 Retained Earnings
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share
 Shares Outstanding
 Revenue Per-Share
VALUATION
 Market Capitalization
 Enterprise Value
 Enterprise Multiple
Enterprise Multiple QoQ
Enterprise Multiple YoY
Enterprise Multiple IPRWA
 EV/R
CAPITAL STRUCTURE
 Asset To Equity
 Asset To Liability
 Debt To Capital
 Debt To Assets
Debt To Assets QoQ
Debt To Assets YoY
Debt To Assets IPRWA
 Debt To Equity
Debt To Equity QoQ
Debt To Equity YoY
Debt To Equity IPRWA
PRICE-BASED VALUATION
 Price To Book (P/B)
Price To Book QoQ
Price To Book YoY
Price To Book IPRWA
 Price To Earnings (P/E) 45.818
Price To Earnings QoQ 11.808 %
Price To Earnings YoY -18.405 %
Price To Earnings IPRWA high: 73.773
mean: 47.035
SMBK: 45.818
median: 33.073
low: 30.108
 PE/G Ratio -7.881
 Price To Sales (P/S)
Price To Sales QoQ
Price To Sales YoY
Price To Sales IPRWA
FORWARD MULTIPLES
Forward P/E 37.288
Forward PE/G -6.414
Forward P/S
EFFICIENCY OPERATIONAL
 Operating Leverage
ASSET & SALES
 Asset Turnover Ratio
Asset Turnover Ratio QoQ
Asset Turnover Ratio YoY
Asset Turnover Ratio IPRWA
 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
CAPITAL DEPLOYMENT
 Cash Conversion Ratio
 CapEx To Revenue
 CapEx To Depreciation
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital
 Net Invested Capital
 Invested Capital -427.84 M
 Net Tangible Assets
 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 28.369 %
 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
 Dividend Payout Ratio
 Dividend Rate
 Dividend Yield
PERFORMANCE GROWTH
 Asset Growth Rate
 Revenue Growth -4.324 %
Revenue Growth QoQ -0.0 %
Revenue Growth YoY -172.296 %
Revenue Growth IPRWA high: 23.369 %
mean: 3.97 %
median: -1.021 %
SMBK: -4.324 %
low: -9.053 %
 Earnings Growth -5.814 %
Earnings Growth QoQ -123.598 %
Earnings Growth YoY -204.644 %
Earnings Growth IPRWA high: 44.444 %
mean: -4.089 %
SMBK: -5.814 %
median: -11.29 %
low: -25.0 %
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)
 Free Cash Flow Yield
Free Cash Flow Yield QoQ
Free Cash Flow Yield YoY
Free Cash Flow Yield IPRWA
 Free Cash Growth
Free Cash Growth QoQ
Free Cash Growth YoY
Free Cash Growth IPRWA
 Free Cash To Net Income
 Cash Flow Margin
 Cash Flow To Earnings 0.0
VALUE & RETURNS
 Economic Value Added
 Return On Assets (ROA)
Return On Assets QoQ
Return On Assets YoY
Return On Assets IPRWA
 Return On Capital Employed (ROCE)
 Return On Equity (ROE)
Return On Equity QoQ
Return On Equity YoY
Return On Equity IPRWA
 DuPont ROE
 Return On Invested Capital (ROIC)
Return On Invested Capital QoQ
Return On Invested Capital YoY
Return On Invested Capital IPRWA

Six-Week Outlook

Technical signals support a modestly bearish near-term bias: directional indicators (DI+ down, DI- up), MACD below its signal and declining, and an MRO that signals a premium to target together point to likely probing of near-term support levels. The close above longer-term averages provides structural support, so expect price action to trade with increased volatility and potential range contraction as market participants digest capital actions and reported fundamentals. Volume trends suggest moves will carry conviction when directional breakouts occur; monitor whether short-term averages reclaim price to alter the immediate bias.

About SmartFinancial, Inc.

SmartFinancial, Inc. (NASDAQ:SMBK) serves as the bank holding company for SmartBank, delivering a comprehensive range of financial services to both individual and corporate clients across Tennessee, Alabama, and Florida. The company structures its operations into several segments, including Commercial Real Estate, Consumer Real Estate, Construction and Land Development, Commercial and Industrial, Leases, and Consumer and Other. SmartFinancial provides a variety of deposit products such as noninterest-bearing and interest-bearing checking accounts, savings accounts, money market accounts, time deposits, individual retirement accounts, and certificates of deposit. In lending, the company extends commercial and residential real estate loans, consumer real estate loans, and construction and land development loans. It also offers commercial and financial loans and leases, as well as direct consumer installment, educational, agriculture, and revolving credit loans. Additional services encompass equipment financing, loans and leases for heavy equipment, semis, and trailers, letters of credit, and overdraft facilities. SmartFinancial also delivers wealth management, insurance, mortgage origination, and digital banking services. Headquartered in Knoxville, Tennessee, SmartFinancial, Inc. continues to expand its footprint in the southeastern United States.



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