SMBK
SmartFinancial, Inc.
SMBK's fundamentals are strong: its operating margin rose 4 points to 34% and revenue grew 14%. At 13x earnings, it's trading in line with its usual 12x. Analysts expect earnings growth.
SMBK Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| N/A | |
| N/A |
SMBK's revenue and profitability are currently healthy. Free cash flow and net leverage aren't meaningful measures for financial services companies like SMBK.
SMBK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 9.4x | $34.51 | -28% |
| Fair | 12x | $45.28 | -5.4% |
| Forward | 12x | $47.88 | — |
| Current | 13x | $47.88 | — |
| Expensive | 15x | $54.93 | +15% |
Historical ranges are pointers, not guarantees.
SMBK's PE is in its fair range at 13x. If earnings grow as analysts expect, today's price would be 12x next year's earnings.
SMBK Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for SMBK, with profitability improving.
SMBK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $4.01 | +9% |
| Q3 2026 | $3.68 | +34% |
| Q2 2026 | $3.39 | +37% |
| Q1 2026 | $3.12 | +38% |
| Q4 2025 | $2.98 | +39% |
| Q3 2025 | $2.74 | +41% |
| Q2 2025 | $2.47 | +63% |
| Q1 2025 | $2.26 | +45% |
| Q4 2024 | $2.14 | +27% |
SMBK's earnings per share have climbed steadily: $3.68 over the past year, up 34% from the year before, and higher year over year for eight quarters in a row.
SMBK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $57.5M | +13% |
| Q2 2026 | $56M | +14% |
| Q1 2026 | $53.8M | +15% |
| Q4 2025 | $53.3M | +14% |
| Q3 2025 | $51.1M | +16% |
| Q2 2025 | $49.2M | +22% |
| Q1 2025 | $46.8M | +17% |
| Q4 2024 | $46.8M | +20% |
SMBK's revenue has grown year over year for 10 quarters in a row: $58M last quarter, up 13% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 36% | +2.4 points |
| Q2 2026 | 37% | +7.7 points |
| Q1 2026 | 31% | +2.2 points |
| Q4 2025 | 31% | +4.9 points |
| Q3 2025 | 33% | +8.9 points |
| Q2 2025 | 29% | +3.4 points |
| Q1 2025 | 29% | -0.9 points |
| Q4 2024 | 26% | +6.4 points |
SMBK's operating margin was 36% last quarter, up 2.4 points from the same quarter a year ago.
SMBK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$13.1M | -179% |
| Q2 2026 | $22.5M | +70% |
| Q1 2026 | $10.2M | -24% |
| Q4 2025 | $16.2M | +5.4% |
| Q3 2025 | $16.6M | +46% |
| Q2 2025 | $13.2M | -14% |
| Q1 2025 | $13.4M | +221% |
| Q4 2024 | $15.4M | +62% |
SMBK's free cash flow was $36M over the past year, down 39% from the year before. Free cash flow isn't a meaningful measure for financial services companies like SMBK.
SMBK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.2% | +32.8K shares |
| 1 year | +0.5% | +85.7K shares |
| 3 years | +0.4% | +75.9K shares |
| 5 years | +8.3% | +1.3M shares |
| Available history | +21% | +2.9M shares |
SMBK has 17M diluted shares, up 0.5% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2024 | — |
| Q3 2024 | $1,000 |
| Q4 2021 | — |
| Q3 2021 | — |
| Q2 2021 | $1,000 |
| Q1 2021 | $1.2M |
| Q4 2020 | $2.2M |
| Q3 2020 | — |
SMBK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -4.6x | Net Cash |
| Q2 2026 | -4.9x | Net Cash |
| Q1 2026 | -4.8x | Net Cash |
| Q4 2025 | -5.3x | Net Cash |
| Q3 2025 | -8.5x | Net Cash |
| Q2 2025 | -6.0x | Net Cash |
| Q1 2025 | -7.5x | Net Cash |
| Q4 2024 | -6.2x | Net Cash |
SMBK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like SMBK.
SMBK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 49.7 | Neutral |
| Stochastic | 9.2 | Oversold |
SMBK's weekly RSI is 50 (neutral) and its Stochastic is 9 (oversold).
SMBK PE vs Financial Services Sector
| Metric | SMBK | Sector median | Relative |
|---|---|---|---|
| PE | 13x | 13x | 0.1% below |
| PE % | 58 | 63 | 5 pts below |
SMBK is trading at 13x earnings, in line with the Financial Services sector's median of 13x.
SMBK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $49.5 | 3.2% below |
| 20 week MA | $50.1 | 4.5% below |
| 50 week MA | $44.4 | 7.8% above |
| 100 week MA | $39.0 | 23% above |
| 200 week MA | $31.8 | 51% above |
SMBK has pulled back, but its long-term trend is still up: it's below its 8- and 20-week averages, but 51% above its 200-week average.
SMBK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $23.7 | $18.0 | -24% |
| 2021 | $18.0 | $27.8 | +54% |
| 2022 | $27.8 | $27.8 | 0% |
| 2023 | $27.8 | $24.5 | -12% |
| 2024 | $24.5 | $31.1 | +27% |
| 2025 | $31.1 | $37.8 | +22% |
| 2026 YTD | $37.8 | $47.9 | +27% |
SMBK has finished higher in four of the last six years. It's up 27% so far in 2026.