SMARTFINANCIAL INC.

For the period ended Dec 31, 2025. Filed Mar 16, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 16, 2026

SMBK$48.10-0.8%Stored close · as of Nov 10, 2026

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Contents

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

SMARTFINANCIAL, INC. AND SUBSIDIARY

Report on Consolidated Financial Statements

For the years ended December 31, 2025, 2024, and 2023

Contents


Management’s Report on Internal Control Over Financial Reporting	61
Reports of Independent Registered Public Accounting Firm	62
Consolidated Financial Statements	66
Consolidated Balance Sheets	66
Consolidated Statements of Income	67
Consolidated Statements of Comprehensive Income	68
Consolidated Statements of Changes in Shareholders’ Equity	69
Consolidated Statements of Cash Flows	70
Notes to Consolidated Financial Statements	71
Note 1.	Summary of Significant Accounting Policies	71
Note 2.	Sale of Insurance Company	80
Note 3.	Earnings Per Share	80
Note 4.	Securities	81
Note 5.	Loans and Leases and Allowance for Loan and Lease Losses	86
Note 6.	Premises and Equipment	96
Note 7.	Goodwill and Intangible Assets	96
Note 8.	Deposits	97
Note 9.	Borrowings and Line of Credit	98
Note 10.	Subordinated Debt	99
Note 11.	Leases	99
Note 12.	Income Taxes	102
Note 13.	Employee Benefit Plans	103
Note 14.	Commitments and Contingencies	106
Note 15.	Regulatory Matters	107
Note 16.	Concentrations of Credit Risk	108
Note 17.	Fair Value of Assets and Liabilities	109
Note 18.	Derivatives	113
Note 19.	Segment Information	116
Note 20.	Other Comprehensive Income	117
Note 21.	Condensed Parent Information	118

ContentsView on SEC.gov

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