SmartFinancial, Inc. (SMBK) financial statements (2021 and earlier)

Company profile

Business Address 5401 KINGSTON PIKE
KNOXVILLE, TN 37919
State of Incorp. TN
Fiscal Year End December 31
SIC 6021 - National Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments482184116113698016
Cash and cash equivalents482184116113698016
Total current assets:482184116113698016
Noncurrent Assets
Operating lease, right-of-use asset55
Property, plant and equipment7359564331255
Intangible assets, net (including goodwill)17315415859914 
Goodwill746666  4 
Intangible assets, net (excluding goodwill)99899259910 
Total noncurrent assets:25021921410240395
Other undisclosed assets2,5732,0461,9441,506954905395
TOTAL ASSETS:3,3052,4492,2741,7211,0621,024416
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt661224272819
Total current liabilities:661224272819
Noncurrent Liabilities
Other undisclosed liabilities2,9422,1301,9801,491931896356
Total liabilities:2,9482,1361,9911,515957924375
Stockholders' equity
Stockholders' equity attributable to parent35731328320610510041
Preferred stock    0015
Common stock15141411667
Additional paid in capital253233232174838322
Accumulated other comprehensive income (loss)20(3)(1)(1)(0)0
Retained earnings (accumulated deficit)876640221712(3)
Total stockholders' equity:35731328320610510041
TOTAL LIABILITIES AND EQUITY:3,3052,4492,2741,7211,0621,024416

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues1211109254442936
Net investment income1181089252432835
Cost of revenue(9)(3)(3)(1)(1)(1)(1)
Provision for loan, lease, and other losses(9)(3)(3)
Financial services costs(1)(1)(1)(1)
Gross profit:1121078953432835
Operating expenses(13)(11)(12)(29)(24)(17)(8)
Operating income:100977724201127
Nonoperating expense      (1)
Investment income, nonoperating      1
Losses on sales of other real estate      (1)
Interest and debt expense(17)(25)(16)(6)(4)(3)(3)
Income from continuing operations before equity method investments, income taxes:8372611815824
Other undisclosed loss from continuing operations before income taxes(52)(39)(40)(6)(6)(5)(21)
Income from continuing operations before income taxes:31332111933
Income tax expense(7)(7)(3)(6)(3)(2)(1)
Net income attributable to parent:2427185622
Preferred stock dividends and other adjustments   (0)(1)(0)(2)
Other undisclosed net loss available to common stockholders, basic      (0)
Net income available to common stockholders, basic:2427185510
Dilutive securities, effect on basic earnings per share      0
Other undisclosed net income (loss) available to common stockholders, diluted  (0)(0)00 
Net income available to common stockholders, diluted:2427185510

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:2427185622
Other comprehensive income (loss)23(2)0(1)(0)0
Comprehensive income:2629175512
Other undisclosed comprehensive loss, net of tax, attributable to parent   (0)   
Comprehensive income, net of tax, attributable to parent:2629175512

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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