SmartFinancial, Inc.
SmartFinancial, Inc. operates as the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in Tennessee, Alabama, and Florida. The company accepts various deposits, including noninterest-bearing and interest-bearing checking, savings, money market, and individual retirement accounts, as well as certificates of deposit. It also provides … Read more
SmartFinancial, Inc. (SMBK) - Net Assets
Latest net assets as of December 2025: $546.49 Million USD
Based on the latest financial reports, SmartFinancial, Inc. (SMBK) has net assets worth $546.49 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.74 Billion) and total liabilities ($5.19 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $546.49 Million |
| % of Total Assets | 9.52% |
| Annual Growth Rate | -12.66% |
| 5-Year Change | 27.26% |
| 10-Year Change | 419.28% |
| Growth Volatility | 186.01 |
SmartFinancial, Inc. - Net Assets Trend (2001–2025)
This chart illustrates how SmartFinancial, Inc.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SmartFinancial, Inc. (2001–2025)
The table below shows the annual net assets of SmartFinancial, Inc. from 2001 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $546.49 Million | +11.20% |
| 2024-12-31 | $491.46 Million | +6.87% |
| 2023-12-31 | $459.89 Million | +6.34% |
| 2022-12-31 | $432.45 Million | +0.70% |
| 2021-12-31 | $429.43 Million | -86.51% |
| 2020-12-31 | $3.18 Billion | +918.20% |
| 2019-12-31 | $312.75 Million | +10.51% |
| 2018-12-31 | $283.01 Million | +37.48% |
| 2017-12-31 | $205.85 Million | +95.60% |
| 2016-12-31 | $105.24 Million | +5.05% |
| 2015-12-31 | $100.18 Million | +79.25% |
| 2014-12-31 | $55.89 Million | +39.26% |
| 2013-12-31 | $40.13 Million | -1.85% |
| 2012-12-31 | $40.89 Million | +16.14% |
| 2011-12-31 | $35.21 Million | +36.36% |
| 2010-12-31 | $25.82 Million | -7.25% |
| 2009-12-31 | $27.84 Million | -23.74% |
| 2008-12-31 | $36.50 Million | +0.48% |
| 2007-12-31 | $36.33 Million | -4.86% |
| 2006-12-31 | $38.18 Million | +17.61% |
| 2005-12-31 | $32.47 Million | +30.87% |
| 2004-12-31 | $24.81 Million | +46.76% |
| 2003-12-31 | $16.90 Million | +11.60% |
| 2002-12-31 | $15.15 Million | -99.89% |
| 2001-12-31 | $14.08 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SmartFinancial, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $546.49 Million | 100.00% |
| Total Equity | $546.49 Million | 100.00% |
SmartFinancial, Inc. Competitors by Market Cap
The table below lists competitors of SmartFinancial, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aris Water Solutions Inc
NYSE:ARIS
|
$577.25 Million |
|
RPC Inc
NYSE:RES
|
$577.75 Million |
|
GRINM Semiconductor Materials Co. Ltd. A
SHG:688432
|
$578.35 Million |
|
Paragon 28 Inc
NYSE:FNA
|
$578.40 Million |
|
Mandom Corporation
F:MD9
|
$577.12 Million |
|
Fujian Yuanli Active Carbon Co Ltd
SHE:300174
|
$577.11 Million |
|
Vital Farms Inc
NASDAQ:VITL
|
$576.98 Million |
|
SkyCity Entertainment Group Limited
PINK:SKYZF
|
$576.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SmartFinancial, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 491,348,000 to 546,489,000, a change of 55,141,000 (11.2%).
- Net income of 50,348,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 23,671,000.
- Other factors decreased equity by 18,878,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $50.35 Million | +9.21% |
| Other Comprehensive Income | $23.67 Million | +4.33% |
| Other Changes | $-18.88 Million | -3.45% |
| Total Change | $- | 11.22% |
Book Value vs Market Value Analysis
This analysis compares SmartFinancial, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.19x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has increased from 0.00x to 1.19x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $11308.70 | $38.43 | x |
| 2002-12-31 | $7.39 | $38.43 | x |
| 2003-12-31 | $8.25 | $38.43 | x |
| 2004-12-31 | $8.62 | $38.43 | x |
| 2005-12-31 | $9.37 | $38.43 | x |
| 2006-12-31 | $21.73 | $38.43 | x |
| 2007-12-31 | $20.84 | $38.43 | x |
| 2008-12-31 | $21.97 | $38.43 | x |
| 2009-12-31 | $17.13 | $38.43 | x |
| 2010-12-31 | $15.89 | $38.43 | x |
| 2011-12-31 | $21.67 | $38.43 | x |
| 2012-12-31 | $25.07 | $38.43 | x |
| 2013-12-31 | $24.10 | $38.43 | x |
| 2014-12-31 | $32.70 | $38.43 | x |
| 2015-12-31 | $17.25 | $38.43 | x |
| 2016-12-31 | $17.85 | $38.43 | x |
| 2017-12-31 | $23.53 | $38.43 | x |
| 2018-12-31 | $22.60 | $38.43 | x |
| 2019-12-31 | $22.27 | $38.43 | x |
| 2020-12-31 | $23.78 | $38.43 | x |
| 2021-12-31 | $27.35 | $38.43 | x |
| 2022-12-31 | $25.63 | $38.43 | x |
| 2023-12-31 | $27.18 | $38.43 | x |
| 2024-12-31 | $29.12 | $38.43 | x |
| 2025-12-31 | $32.29 | $38.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SmartFinancial, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.21%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.91%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 10.50x
- Recent ROE (9.21%) is above the historical average (4.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 4.05% | 288.20% | 0.00x | 10.12x | $-838.32 Million |
| 2002 | 7.01% | 9.92% | 0.07x | 10.56x | $-453.25K |
| 2003 | 11.13% | 14.97% | 0.06x | 11.89x | $191.51K |
| 2004 | 10.36% | 16.63% | 0.06x | 10.02x | $90.35K |
| 2005 | 13.32% | 19.15% | 0.07x | 9.97x | $1.08 Million |
| 2006 | 15.22% | 18.59% | 0.08x | 9.82x | $1.99 Million |
| 2007 | 2.40% | 2.39% | 0.08x | 12.23x | $-2.76 Million |
| 2008 | 6.88% | 7.71% | 0.07x | 12.93x | $-1.14 Million |
| 2009 | -29.38% | -28.56% | 0.05x | 19.13x | $-10.96 Million |
| 2010 | -18.23% | -16.64% | 0.06x | 17.10x | $-7.29 Million |
| 2011 | 2.93% | 4.75% | 0.05x | 12.00x | $-2.49 Million |
| 2012 | 3.43% | 6.88% | 0.05x | 10.77x | $-2.69 Million |
| 2013 | 4.19% | 8.24% | 0.05x | 10.77x | $-2.33 Million |
| 2014 | 3.28% | 8.60% | 0.04x | 9.55x | $-3.76 Million |
| 2015 | 1.51% | 5.16% | 0.03x | 10.22x | $-8.51 Million |
| 2016 | 5.51% | 12.72% | 0.04x | 10.10x | $-4.73 Million |
| 2017 | 2.44% | 9.01% | 0.03x | 8.36x | $-15.57 Million |
| 2018 | 6.40% | 18.71% | 0.04x | 8.04x | $-10.20 Million |
| 2019 | 8.49% | 23.05% | 0.05x | 7.83x | $-4.73 Million |
| 2020 | 6.81% | 18.29% | 0.04x | 9.25x | $-11.38 Million |
| 2021 | 8.10% | 23.32% | 0.03x | 10.74x | $-8.15 Million |
| 2022 | 9.95% | 23.06% | 0.04x | 10.67x | $-223.20K |
| 2023 | 6.22% | 11.90% | 0.05x | 10.50x | $-17.40 Million |
| 2024 | 7.36% | 12.67% | 0.05x | 10.74x | $-12.99 Million |
| 2025 | 9.21% | 15.91% | 0.06x | 10.50x | $-4.30 Million |
Industry Comparison
This section compares SmartFinancial, Inc.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SmartFinancial, Inc. (SMBK) | $546.49 Million | 4.05% | 9.50x | $577.13 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |