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SmartFinancial
(NYSE:SMBK)
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Rating:72Outperform
Price Target:
$56.00
▲(32.14% Upside)
Action:Reiterated
Date:10/20/26
SMBK scores well primarily on financial performance (healthy profitability and strong free cash flow generation) and a supportive, growth-oriented earnings outlook with solid credit metrics. The score is held back by only neutral technical momentum and valuation that is reasonable but paired with a low dividend yield, plus noted near-term margin/deposit-cost and expense pressures.
Positive Factors
Organic loan and deposit growth
Broad-based organic loan and deposit growth indicates SmartBank is gaining customer relationships rather than relying mainly on purchased funding or isolated portfolios. Continued balance-sheet expansion can support recurring net interest income and strengthen its regional-market position over the next several quarters.
Negative Factors
Deposit-cost pressure limits margin expansion
Higher deposit pricing is directly compressing the spread between earning assets and funding, limiting near-term net interest margin expansion. Persistent competition for core deposits could reduce the earnings benefit from loan growth unless asset yields improve enough to offset rising funding costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Organic loan and deposit growth
Broad-based organic loan and deposit growth indicates SmartBank is gaining customer relationships rather than relying mainly on purchased funding or isolated portfolios. Continued balance-sheet expansion can support recurring net interest income and strengthen its regional-market position over the next several quarters.
Read all positive factors
SmartFinancial (SMBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$824.83M
Dividend Yield0.7%
Average Volume (3M)123.57K
Price to Earnings (P/E)13.0
Beta (1Y)0.87
Revenue Growth9.93%
EPS Growth34.28%
CountryUS
Employees585
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.42
Shares Outstanding17,098,473
10 Day Avg. Volume103,032
30 Day Avg. Volume123,571
Financial Highlights & Ratios
PEG Ratio0.31
Price to Book (P/B)1.12
Price to Sales (P/S)1.96
P/FCF Ratio10.47
Enterprise Value/Market Cap0.70
Enterprise Value/Revenue1.74
Enterprise Value/Gross Profit2.77
Enterprise Value/Ebitda7.32
Forecast
1Y Price Target
$54.13Price Target Upside27.71% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)3.74
Revenue Forecast (FY)$226.69M
SmartFinancial Business Overview & Revenue Model
Company Description
SmartFinancial, Inc. functions as the parent entity for SmartBank, which offers a broad spectrum of financial solutions to both individual clients and corporate entities. The company's operations are structured across distinct segments: Commercial...
How the Company Makes Money
SmartFinancial makes money primarily through its bank subsidiary by earning (1) net interest income and (2) noninterest income. Net interest income is generated from the spread between interest earned on interest-earning assets—mainly loans (such ...
SmartFinancial Earnings Call Summary
Earnings Call Date:Oct 19, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jan 25, 2027
Earnings Call Sentiment Positive
The call was strongly positive overall. Management reported record operating revenue, double-digit organic loan and deposit growth, improved returns, sound credit quality, solid capital ratios, recruiting momentum, and continued confidence in its organic strategy and growth outlook. The main challenges were higher deposit costs, a flat near-term margin outlook, elevated expenses and efficiency costs, equipment-finance delinquencies, softer fourth-quarter fee-income guidance, and the potential impact of additional rate hikes on future pipelines.Positive Updates
Record Operating Revenue and Strong Earnings
Third-quarter operating earnings were $18.6 million, or $1.10 per diluted share, while operating revenue reached a record $57.5 million.
Negative Updates
Deposit Cost and Margin Pressure
Interest-bearing deposit costs increased 9 basis points to 2.71%, total deposit costs increased 11 basis points to 2.26%, and the weighted average cost of new deposit production increased 43 basis points to 3.33% for the quarter. Management said higher funding costs pressured the margin modestly and expects near-term deposit-cost pressure to offset some asset-yield benefit.
Read all updates
Q3-2026 Updates
Positive
Negative
Record Operating Revenue and Strong Earnings
Third-quarter operating earnings were $18.6 million, or $1.10 per diluted share, while operating revenue reached a record $57.5 million.
Read all positive updates
Company Guidance
Management expects fourth-quarter net interest margin to “remain around current levels in the 3.45% range,” with “continued improvement in asset yields” supporting “modest margin expansion over time,” while near-term deposit cost pressure offsets some of that benefit; fourth-quarter operating noninterest income is expected to be “approximately $7.5 million,” operating noninterest expense “$35 million to $35.5 million,” salary and benefit expenses “$21 million to $21.5 million,” and the effective tax rate “in the range of 19.5% to 20.5%.” The company reiterated its “high single digits plus growth guidance,” said expense growth could be in a “5% to 6% growth range going off of a fourth quarter’s run rate,” expects annualized NII growth “about pretty closer to 3%. Growth. For Q4,” and said Q4 loan growth could be “a touch higher” than the current quarter; guidance also includes “a rate hike in December,” while management remains on trajectory for the “4 by 4 challenge” and a “dollar run rate.”SmartFinancial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 331.18M | 316.37M | 285.27M | 240.37M | 186.55M | 149.18M |
| Gross Profit | 208.50M | 192.88M | 166.35M | 149.38M | 161.20M | 135.71M |
| EBITDA | 78.78M | 71.24M | 56.87M | 49.72M | 67.55M | 53.32M |
| Net Income | 57.39M | 50.35M | 36.14M | 28.59M | 43.02M | 34.79M |
Balance Sheet | ||||||
| Total Assets | 6.12B | 5.86B | 5.28B | 4.83B | 4.64B | 4.61B |
| Cash, Cash Equivalents and Short-Term Investments | 642.93M | 1.14B | 684.73M | 703.23M | 735.01M | 1.49B |
| Total Debt | 110.41M | 101.67M | 47.78M | 55.20M | 83.92M | 141.73M |
| Total Liabilities | 5.54B | 5.31B | 4.78B | 4.37B | 4.21B | 4.18B |
| Stockholders Equity | 576.81M | 552.38M | 491.35M | 459.89M | 432.45M | 429.43M |
Cash Flow | ||||||
| Free Cash Flow | 70.47M | 59.34M | 46.30M | 33.45M | 44.31M | 43.80M |
| Operating Cash Flow | 73.44M | 61.72M | 52.70M | 39.72M | 56.79M | 46.18M |
| Investing Cash Flow | -618.89M | -499.05M | -420.22M | -135.24M | -840.82M | -264.99M |
| Financing Cash Flow | 559.75M | 514.17M | 402.82M | 181.37M | 5.37M | 782.17M |
SmartFinancial Technical Analysis
Neutral
42.38
Price Trends
50.82
Negative
49.20
Positive
44.74
Positive
Market Momentum
-0.35
Positive
42.75
Neutral
18.91
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SMBK, the sentiment is Neutral. The current price of 42.38 is below the 20-day moving average (MA) of 50.08, below the 50-day MA of 50.82, and below the 200-day MA of 44.74, indicating a neutral trend. The MACD of -0.35 indicates Positive momentum. The RSI at 42.75 is Neutral, neither overbought nor oversold. The STOCH value of 18.91 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for SMBK.
SmartFinancial Risk Analysis
SmartFinancial disclosed 32 risk factors in its most recent earnings report. SmartFinancial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
SmartFinancial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $938.33M | 15.20 | 11.44% | 4.68% | 5.32% | 16.00% | |
75 Outperform | $845.57M | 13.54 | 11.12% | 2.16% | -0.70% | 2.48% | |
73 Outperform | $1.03B | 11.12 | 9.85% | 1.91% | 8.88% | 11.73% | |
72 Outperform | $824.83M | 13.00 | 10.97% | 0.70% | 9.93% | 34.28% | |
69 Neutral | $786.75M | 11.76 | 8.21% | 1.18% | -2.89% | 10.50% | |
68 Neutral | $892.25M | 10.45 | 13.02% | 3.00% | 8.25% | 36.33% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
SMBK
SmartFinancial
48.24
13.99
40.84%
CCBG
Capital City Bank
49.54
9.81
24.70%
FCBC
First Community Bancshares
48.34
17.29
55.69%
THFF
First Financial Indiana
74.59
21.92
41.62%
HTB
Hometrust Bancshares
47.36
8.01
20.34%
BFST
Business First Bancshares
31.36
8.45
36.91%
SmartFinancial Corporate Events
Business Operations and StrategyFinancial Disclosures
SmartFinancial Posts Strong Third-Quarter 2026 Earnings Growth
Positive
Oct 19, 2026
In a release dated Oct. 19, 2026, SmartFinancial reported third-quarter 2026 net income of $18.6 million, or $1.10 per diluted share, up from $13.7 million, or $0.81 per diluted share, a year earlier and $16.3 million, or $0.96 per diluted share, ...
Business Operations and StrategyDividendsFinancial Disclosures
SmartFinancial Posts Strong Q2 Results, Raises Quarterly Dividend
Positive
Jul 20, 2026
SmartFinancial, Inc., headquartered in Knoxville, Tenn., is a regional financial services company operating SmartBank, which offers commercial and consumer banking products including loans, leases and deposit accounts. The company has surpassed $6...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.