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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments18411611369801625
Cash and cash equivalents18411611369801625
Total current assets:18411611369801625
Noncurrent Assets
Operating lease, right-of-use asset5
Property, plant and equipment595643312555
Long-term investments and receivables      3
Long-term investments      3
Intangible assets, net (including goodwill)15415859914 
Goodwill6666  4  
Intangible assets, net (excluding goodwill)899259910  
Total noncurrent assets:219214102403958
Other undisclosed assets2,0461,9441,506954905395399
TOTAL ASSETS:2,4492,2741,7211,0621,024416432
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt61224272819 
Total current liabilities:61224272819 
Noncurrent Liabilities
Other undisclosed liabilities2,1301,9801,491931896356392
Total liabilities:2,1361,9911,515957924375392
Stockholders' equity
Stockholders' equity attributable to parent3132832061051004140
Preferred stock   001515
Common stock1414116677
Additional paid in capital23323217483832222
Accumulated other comprehensive income (loss)0(3)(1)(1)(0)00
Retained earnings (accumulated deficit)6640221712(3)(3)
Total stockholders' equity:3132832061051004140
TOTAL LIABILITIES AND EQUITY:2,4492,2741,7211,0621,024416432

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues110925444293618
Net investment income1089252432835 
Financial services revenue211118
Cost of revenue(3)(3)(1)(1)(1)(1)(0)
Provision for loan, lease, and other losses(3)(3)
Financial services costs(1)(1)(1)(1)(0)
Gross profit:107895343283518
Operating expenses(11)(12)(29)(24)(17)(8)(8)
Operating income:97772420112711
Nonoperating expense     (1)(2)
Investment income, nonoperating     1 
Losses on sales of other real estate     (1)(2)
Interest and debt expense(25)(16)(6)(4)(3)(3)(4)
Income from continuing operations before equity method investments, income taxes:726118158245
Other undisclosed loss from continuing operations before income taxes(39)(40)(6)(6)(5)(21)(3)
Income from continuing operations before income taxes:3321119333
Income tax expense(7)(3)(6)(3)(2)(1)(1)
Net income attributable to parent:271856222
Preferred stock dividends and other adjustments  (0)(1)(0)(2)(2)
Other undisclosed net loss available to common stockholders, basic     (0)(0)
Net income available to common stockholders, basic:271855100
Dilutive securities, effect on basic earnings per share     00
Other undisclosed net income (loss) available to common stockholders, diluted (0)(0)00  
Net income available to common stockholders, diluted:271855100

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:271856222
Other comprehensive income (loss)3(2)0(1)(0)0(1)
Comprehensive income:291755120
Other undisclosed comprehensive loss, net of tax, attributable to parent  (0)    
Comprehensive income, net of tax, attributable to parent:291755120

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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