SmartFinancial, Inc. (SMBK) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,1224821841161136980
Cash and cash equivalents1,0454821841161136980
Short-term investments77      
Total current assets:1,1224821841161136980
Noncurrent Assets
Operating lease, right-of-use asset1055
Property, plant and equipment86735956433125
Intangible assets, net (including goodwill)21217315415859914
Goodwill92746666  4
Intangible assets, net (excluding goodwill)12099899259910
Total noncurrent assets:3072502192141024039
Other undisclosed assets3,1822,5732,0461,9441,506954905
TOTAL ASSETS:4,6123,3052,4492,2741,7211,0621,024
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt56612242728
Total current liabilities:56612242728
Noncurrent Liabilities
Other undisclosed liabilities4,1772,9422,1301,9801,491931896
Total liabilities:4,1822,9482,1361,9911,515957924
Stockholders' equity
Stockholders' equity attributable to parent429357313283206105100
Preferred stock     00
Common stock171514141166
Additional paid in capital2932532332321748383
Accumulated other comprehensive income (loss)120(3)(1)(1)(0)
Retained earnings118876640221712
Total stockholders' equity:429357313283206105100
TOTAL LIABILITIES AND EQUITY:4,6123,3052,4492,2741,7211,0621,024

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues13112111092544429
Net investment income12511810892524328
Cost of revenue(2)(9)(3)(3)(1)(1)(1)
Provision for loan, lease, and other losses(2)(9)(3)(3)
Financial services costs(1)(1)(1)
Gross profit:12911210789534328
Operating expenses(14)(13)(11)(12)(29)(24)(17)
Operating income:1151009777242011
Interest and debt expense(12)(17)(25)(16)(6)(4)(3)
Income from continuing operations before equity method investments, income taxes:10383726118158
Other undisclosed loss from continuing operations before income taxes(59)(52)(39)(40)(6)(6)(5)
Income from continuing operations before income taxes:443133211193
Income tax expense(10)(7)(7)(3)(6)(3)(2)
Net income attributable to parent:35242718562
Preferred stock dividends and other adjustments    (0)(1)(0)
Net income available to common stockholders, basic:35242718551
Other undisclosed net income (loss) available to common stockholders, diluted   (0)(0)00
Net income available to common stockholders, diluted:35242718551

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:35242718562
Other comprehensive income (loss)(1)23(2)0(1)(0)
Comprehensive income:34262917551
Other undisclosed comprehensive loss, net of tax, attributable to parent    (0)  
Comprehensive income, net of tax, attributable to parent:34262917551

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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