SMARTFINANCIAL INC.
For the period ended Dec 31, 2024. Filed Mar 17, 2025.
View on SEC.govAbout 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.
FY2024 · Filed Mar 17, 2025
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 · · · · Non-controlling · · | |||||||||||||||||||||||
| · · · · · · · · · · · · · Other · · · Total Common · · · Interest - · · · | |||||||||||||||||||||||
| · · Common Stock · Additional · Retained · Comprehensive · · Shareholders' · · Preferred Stock · | |||||||||||||||||||||||
| · · Shares · · Amount · · Paid-in Capital · · Earnings · Income (Loss) · · Equity · · of Subsidiary · Total | |||||||||||||||||||||||
| Balance, December 31, 2021 | 16,802,990 | | $16,803 | | $292,937 | | $118,247 | | $1,443 | | $429,430 | | $— | | $429,430 | ||||||||
| Net income | — | | — | | — | | 43,022 | | — | | | 43,022 | | | — | | 43,022 | ||||||
| Other comprehensive loss | — | | — | | — | | — | | (36,767) | | | (36,767) | | | — | | (36,767) | ||||||
| Common stock issued pursuant to: | | | | | | | | | | | | | | ||||||||||
| Stock options exercised | 45,253 | | 45 | | 352 | | — | | — | | | 397 | | | — | | 397 | ||||||
| Restricted stock | | 60,515 | | | 61 | | | (61) | | | — | | | — | | | — | | | — | | | — |
| Restricted stock withheld for taxes | | (7,953) | | | (8) | | | (198) | | | — | | | — | | | (206) | | | — | | | (206) |
| Stock compensation expense | — | | — | | 1,300 | | — | | — | | | 1,300 | | | — | | 1,300 | ||||||
| Common stock dividend ($0.28 per share) | | — | | | — | | | — | | | (4,724) | | | — | | | (4,724) | | | — | | | (4,724) |
| Balance, December 31, 2022 | 16,900,805 | | $16,901 | | $294,330 | | $156,545 | | $(35,324) | | $432,452 | | $— | | $432,452 | ||||||||
| Cumulative effect adjustment for adoption of ASU 2016-13, net of tax | | — | | | — | | | — | | | (6,606) | | | — | | | (6,606) | | | — | | | (6,606) |
| Balance, January 1, 2023, adjusted | | 16,900,805 | | | 16,901 | | | 294,330 | | | 149,939 | | | (35,324) | | | 425,846 | | | — | | | 425,846 |
| Net income | — | | — | | — | | 28,593 | | — | | | 28,593 | | | — | | 28,593 | ||||||
| Other comprehensive income | — | | — | | — | | — | | 9,417 | | | 9,417 | | | — | | 9,417 | ||||||
| Common stock issued pursuant to: | | | | | | | | | | | | | |||||||||||
| Stock options exercised | 15,705 | | 16 | | 149 | | — | | — | | | 165 | | | — | | 165 | ||||||
| Restricted stock, net of forfeitures | 74,992 | | 75 | | (75) | | — | | — | | | — | | | — | | — | ||||||
| Restricted stock withheld for taxes | | (2,623) | | | (3) | | | (54) | | | — | | | — | | | (57) | | | — | | | (57) |
| Stock compensation expense | — | | — | | 1,349 | | — | | — | | | 1,349 | | | — | | 1,349 | ||||||
| Common stock dividend ($0.32 per share) | — | | — | | — | | (5,427) | | — | | | (5,427) | | | — | | (5,427) | ||||||
| Balance, December 31, 2023 | 16,988,879 | | $16,989 | | $295,699 | | $173,105 | | $(25,907) | | $459,886 | | $— | | $459,886 | ||||||||
| Net income | — | | — | | — | | 36,141 | | — | | | 36,141 | | | | | 36,141 | ||||||
| Other comprehensive income | — | | — | | — | | — | | 2,236 | | | 2,236 | | | — | | 2,236 | ||||||
| Common stock issued pursuant to: | | | | | | | | | | | | ||||||||||||
| Stock options exercised | 6,192 | | 6 | | 62 | | — | | — | | | 68 | | | — | | 68 | ||||||
| Restricted stock, net of forfeitures | 78,757 | | 79 | | (79) | | — | | — | | | — | | | — | | — | ||||||
| Restricted stock withheld for taxes | | (11,961) | | | (12) | | | (211) | | | — | | | — | | | (223) | | | — | | | (223) |
| Issuance of preferred stock of subsidiary - non-controlling interest | | — | | | — | | | — | | | — | | | — | | | — | | | 113 | | | 113 |
| Stock compensation expense | — | | — | | 1,629 | | — | | — | | | 1,629 | | | — | | 1,629 | ||||||
| Common stock dividend ($0.32 per share) | | — | | | — | | | — | | | (5,422) | | | — | | | (5,422) | | | — | | | (5,422) |
| Repurchases of common stock | | (136,195) | | | (136) | | | (2,831) | | | — | | | — | | | (2,967) | | | — | | | (2,967) |
| Balance, December 31, 2024 | 16,925,672 | | $16,926 | | $294,269 | | $203,824 | | $(23,671) | | $491,348 | | $113 | | $491,461 | ||||||||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.