SMARTFINANCIAL INC
For the period ended Dec 31, 2023. Filed Mar 15, 2024.
View on SEC.govAbout this filing
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FY2023 · Filed Mar 15, 2024
SMBK$48.50+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Shareholders’ Equity
| | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · Accumulated · · | |||||||||||||||||
| · · · · · · · · · · · · · Other · · · | |||||||||||||||||
| · · Common Stock · Additional · Retained · Comprehensive · | |||||||||||||||||
| · · Shares · · Amount · · Paid-in Capital · · Earnings · Income (Loss) · · Total | |||||||||||||||||
| Balance, December 31, 2020 | 15,107,214 | | $15,107 | | $252,693 | | $87,185 | | $2,183 | | $357,168 | ||||||
| Net income | — | | — | | — | | 34,790 | | — | | 34,790 | ||||||
| Other comprehensive (loss) | — | | — | | — | | — | | (740) | | (740) | ||||||
| Common stock issued pursuant to: | | | | | | | | ||||||||||
| Stock options exercised | 20,075 | | 20 | | 185 | | — | | — | | 205 | ||||||
| Restricted stock | | 43,334 | | | 43 | | | (43) | | | — | | | — | | | — |
| Restricted stock withheld for taxes | | (191) | | | — | | | (5) | | | | | | | | | (5) |
| Shareholders’ of Sevier County Bancshares, Inc. | | 1,692,168 | | | 1,692 | | | 40,563 | | | — | | | — | | | 42,255 |
| Stock compensation expense | — | | — | | 693 | | — | | — | | 693 | ||||||
| Common stock dividend ($0.24 per share) | | — | | | — | | | — | | | (3,728) | | | — | | | (3,728) |
| Repurchases of common stock | | (59,610) | | | (59) | | | (1,149) | | | — | | | — | | | (1,208) |
| Balance, December 31, 2021 | 16,802,990 | | $16,803 | | $292,937 | | $118,247 | | $1,443 | | $429,430 | ||||||
| Net income | — | | — | | — | | 43,022 | | — | | 43,022 | ||||||
| Other comprehensive (loss) | — | | — | | — | | — | | (36,767) | | (36,767) | ||||||
| Common stock issued pursuant to: | | | | | | | |||||||||||
| Stock options exercised | 45,253 | | 45 | | 352 | | — | | — | | 397 | ||||||
| Restricted stock, net of forfeitures | 60,515 | | 61 | | (61) | | — | | — | | — | ||||||
| Restricted stock withheld for taxes | | (7,953) | | | (8) | | | (198) | | | — | | | — | | | (206) |
| Stock compensation expense | — | | — | | 1,300 | | — | | — | | 1,300 | ||||||
| Common stock dividend ($0.28 per share) | — | | — | | — | | (4,724) | | — | | (4,724) | ||||||
| Balance, December 31, 2022 | 16,900,805 | | $16,901 | | $294,330 | | $156,545 | | $(35,324) | | $432,452 | ||||||
| Cumulative effect adjustment for adoption of ASU 2016-13, net of tax | | — | | | — | | | — | | | (6,606) | | | — | | | (6,606) |
| Balance, January 1, 2023, adjusted | | 16,900,805 | | | 16,901 | | | 294,330 | | | 149,939 | | | (35,324) | | | 425,846 |
| Net income | — | | — | | — | | 28,593 | | — | | 28,593 | ||||||
| Other comprehensive income | — | | — | | — | | — | | 9,417 | | 9,417 | ||||||
| Common stock issued pursuant to: | | | | | | ||||||||||||
| Stock options exercised | 15,705 | | 16 | | 149 | | — | | — | | 165 | ||||||
| Restricted stock, net of forfeitures | 74,992 | | 75 | | (75) | | — | | — | | — | ||||||
| Restricted stock withheld for taxes | | (2,623) | | | (3) | | | (54) | | | — | | | — | | | (57) |
| Stock compensation expense | — | | — | | 1,349 | | — | | — | | 1,349 | ||||||
| Common stock dividend ($0.32 per share) | | — | | | — | | | — | | | (5,427) | | | — | | | (5,427) |
| Balance, December 31, 2023 | 16,988,879 | | $16,989 | | $295,699 | | $173,105 | | $(25,907) | | $459,886 | ||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.