← SMARTFINANCIAL INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Available to Common Stockholders, Basic | $4.8m |
$4.8m
+0.91%
|
$18.1m
+275.56%
|
$26.5m
+46.65%
|
$24.3m
-8.35%
|
$34.8m
+42.98%
|
$43.0m
+23.66%
|
$28.6m
-33.54%
|
$36.1m
+26.40%
|
$50.3m
+39.31%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $5.8m | $5.0m | $18.1m | $26.5m | $24.3m | $34.8m | $43.0m | $28.6m | $36.1m | $50.3m | — | |
| Depreciation, Depletion and Amortization | $2.2m | $2.5m | ($3.7m) | $2.8m | $3.7m | $4.2m | $4.7m | $5.1m | $5.2m | $5.0m | $11.0m | |
| Amortization of Intangible Assets | $305k | $346k | $976k | $1.4m | $1.7m | $2.3m | $2.6m | $2.6m | $2.4m | $2.1m | — | |
| Depreciation | $1.4m | $1.8m | $2.6m | $4.3m | $6.0m | $6.7m | $10.0m | $10.9m | $9.0m | $7.6m | $8.6m | |
| Deferred Income Tax Expense (Benefit) | — | $1.6m | $2.4m | $780k | ($1.2m) | $643k | ($555k) | $1.3m | $120k | ($470k) | ($1.1m) | |
| Deferred Other Tax Expense (Benefit) | $356k | $1.6m | $2.4m | $780k | ($1.2m) | $643k | ($555k) | $1.3m | $120k | ($470k) | — | |
| Share-based Payment Arrangement, Noncash Expense | $133k | $98k | $397k | $517k | $482k | $693k | $1.3m | $1.3m | $1.6m | $1.9m | $2.0m | |
| Share-based Payment Arrangement, Expense | $133k | $98k | $134k | — | $121k | — | — | — | — | — | $2.0m | |
| Goodwill, Impairment Loss | — | — | — | — | $0 | $0 | $0 | — | — | — | — | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | $0 | — | — | — | — | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal | $111k | ($331k) | ($378k) | ($347k) | ($2.5m) | $809k | ($4.2m) | $3.0m | $5.2m | ($1.4m) | — | |
| Increase (Decrease) in Other Operating Assets | — | — | — | $2.1m | ($4.5m) | $6.5m | $25.4m | $1.7m | ($3.8m) | ($4.1m) | — | |
| Increase (Decrease) in Other Operating Liabilities | — | — | — | $7.4m | ($298k) | $7.9m | $27.0m | ($8.1m) | ($120k) | ($5.6m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $11.6m |
$6.6m
-42.69%
|
$20.8m
+213.51%
|
$29.9m
+43.42%
|
$29.1m
-2.67%
|
$46.2m
+58.87%
|
$56.8m
+22.98%
|
$39.7m
-30.07%
|
$52.7m
+32.69%
|
$61.7m
+17.12%
|
$57.4m
-7.02%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | — | — | ($41k) | ($35k) | — | — | $244k | ($19k) | $1.6m | ($14k) | ($77k) | |
| Payments to Acquire Property, Plant, and Equipment | $7.0m | $2.8m | $3.8m | $6.3m | $5.4m | $2.4m | $12.5m | $6.3m | $6.4m | $2.4m | ($4.1m) | |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | — | — | — | — | — | $478k | — | — | — | — | ($77k) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | $3.0m | $15.6m | $49.6m | $132.7m | $39.6m | $56.3m | $58.0m | $72.3m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | $1k | $34k | ($6k) | ($45k) | ($144k) | $6.8m | ($64k) | $3.7m | — | |
| Debt Securities, Realized Gain (Loss) | — | — | — | $34k | ($6k) | ($45k) | ($144k) | $6.8m | ($64k) | $3.7m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $178k | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($54.3m) | ($56.1m) | ($94.9m) | ($94.8m) | ($259.3m) | ($265.0m) | ($840.8m) | ($135.2m) | ($420.2m) | ($499.0m) | ($576.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | $289.7m | $1.1m | $76.3m | $30.8m | $166.6m | — | ($163.6m) | |
| Debt and Equity Securities, Gain (Loss) | — | — | $1k | ($34k) | ($6k) | ($45k) | ($144k) | $6.8m | ($64k) | $3.7m | — | |
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $339.7m | $8.2m | $30.9m | $26.3m | $160.1m | $2.5m | $157.1m | |
| Payments for Repurchase of Common Stock | — | — | — | — | $4.3m | $1.2m | — | — | $3.0m | — | — | |
| Proceeds from Issuance of Common Stock | $804k | $37.9m | $1.5m | $438k | $339k | $200k | $191k | $108k | $68k | $153k | $88k | |
| Dividends paid | — | — | — | $700k | $3.0m | $3.7m | $4.7m | $5.4m | $5.4m | $5.5m | ($5.4m) | |
| Payments of Dividends | — | — | — | $700k | $3.0m | $3.7m | $4.7m | $5.4m | $5.4m | $5.5m | ($5.4m) | |
| Dividends Payable | $6.6m | $11.5m | $33.4m | $55.5m | — | — | — | — | — | — | — | |
| Proceeds from (Payments for) Other Financing Activities | $51.6m | $139.4m | $175.4m | ($139.4m) | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Financing Activities | $31.5m |
$93.8m
+197.63%
|
$76.8m
-18.05%
|
$133.1m
+73.15%
|
$528.0m
+296.83%
|
$782.2m
+48.13%
|
$5.4m
-99.31%
|
$181.4m
+3276.23%
|
$402.8m
+122.10%
|
$514.2m
+27.64%
|
$541.7m
+5.35%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $115.8m | $68.1m | $297.7m | $563.4m | ($778.7m) | $85.8m | $35.3m | $76.8m | $365.1m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | $184.0m | $481.7m | $1.0b | $266.4m | $352.3m | $387.6m | $464.4m | $365.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | — | — | — | — | — | — | — | — | — | $7.8m | $8.1m | |
| Bank Owned Life Insurance Income | — | — | $596k | $568k | $707k | $1.7m | $1.9m | $2.0m | $2.5m | $3.6m | — | |
| Gain (Loss) on Sales of Loans, Net | — | — | — | — | $3.9m | $4.0m | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $804k | $4.9m | $1.5m | $374k | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $4.3m | $5.4m | $14.7m | $24.2m | $16.9m | $12.2m | $21.4m | $85.4m | $113.7m | $116.4m | — | |
| Income Taxes Paid, Net | $3.8m | $3.5m | $857k | $6.8m | $8.7m | $10.2m | $12.2m | $9.3m | $8.8m | $12.4m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Business | — | — | — | — | — | — | — | — | — | $4.0m | — | |
| Gain (Loss) on Sale of Mortgage Loans | — | — | — | $1.6m | $3.9m | $4.0m | $1.6m | $1.0m | $1.5m | $2.6m | — | |
| Goodwill | — | — | $66.1m | $65.6m | $74.1m | $91.6m | $96.1m | $96.1m | $96.1m | $90.4m | — | |
| Income Tax Expense (Benefit) | $3.4m | $6.4m | $3.2m | $6.9m | $6.6m | $9.5m | $11.9m | $7.6m | $9.3m | $11.2m | — | |
| Operating Lease, Expense | — | — | — | $875k | $1.2m | $1.3m | $1.7m | $1.8m | $2.0m | $1.9m | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | $113k | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $8.7m | $1.6m | $4.0m | $3.8m | $5.1m | $6.7m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.