SmartFinancial, Inc. (SMBK) Balance Sheet
SMBK balance sheet, 2025
December 31, 2025 · U.S. dollars$5.86B assets = $5.31B liabilities + $552.5M equity
Both columns are drawn to the same scale: what SMBK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
SMBK financial health
Descriptive bands, not a rating. Fiscal 2025.
SMBK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $1.06B2016 | $5.86B2025 | +20.9%/yr | |
| Total liabilities | $957.2M2016 | $5.31B2025 | +21.0%/yr | |
| Shareholders’ equity | $105.2M2016 | $552.4M2025 | +20.2%/yr | |
| Cash & short-term investments | $198.2M2016 | $1.14B2025 | +21.5%/yr | |
| Total debt | $45.1M2016 | $101.7M2025 | +9.4%/yr | |
| Net cash (debt) | $153.0M2016 | $1.04B2025 | +$888.1M | |
| Working capital | −$740.5M2016 | −$4.00B2025 | −$3.3B | |
| Book value per share | $17.852016 | $32.642025 | +6.9%/yr | |
| Debt / equity | 0.432016 | 0.182025 | −0.24 | |
| Shares outstanding | 5.9M2016 | 16.9M2025 | +12.4%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SMBK assets
SMBK liabilities and equity
SMBK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
SMBK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.14B | $684.7M | $703.2M | $750.3M | $1.53B | $697.4M | $338.9M | $317.5M | $258.0M | $198.2M |
| Cash & equivalents | $464.4M | $373.5M | $294.8M | $266.4M | $1.05B | $481.7M | $160.5M | $115.8M | $106.1M | $68.7M |
| Short-term investments | $678.4M | $311.2M | $408.4M | $483.9M | $482.5M | $215.6M | $178.3M | $201.7M | $151.9M | $129.4M |
| Receivables | $4.30B | $64.0M | $68.1M | $67.4M | $53.7M | $2.36B | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $1.4M | −$3.75B | $4.6M | $1.8M | $2.5M | $3.3M | $2.4M |
| Other current assets | $0 | $0 | $0 | $0 | $3.75B | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $1.15B | $748.7M | $771.3M | $735.0M | $1.58B | $697.4M | $338.9M | $317.5M | $258.0M | $198.2M |
| Property, plant & equipment (net) | $88.4M | $91.1M | $93.0M | $92.5M | $86.0M | $72.7M | $59.4M | $56.0M | $43.0M | $30.5M |
| Goodwill & intangible assets | $100.3M | $104.7M | $107.1M | $109.8M | $105.9M | $86.5M | $77.2M | $79.0M | $50.8M | $6.6M |
| Long-term investments | $662.0M | $609.0M | $689.6M | $785.4M | $575.9M | $230.4M | $191.3M | $201.7M | $151.9M | $129.4M |
| Other non-current assets | $3.86B | $3.72B | $3.17B | $2.89B | $2.26B | $2.22B | $1.78B | $1.62B | $1.22B | $697.7M |
| Total assets | $5.86B | $5.28B | $4.83B | $4.61B | $4.61B | $3.30B | $2.45B | $2.27B | $1.72B | $1.06B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $4.08B | $4.02B | $2.81B | $2.05B | $1.92B | $1.44B | $907.1M |
| Short-term debt | $3.0M | $8.1M | $13.1M | $12.5M | $7.1M | $39.3M | $6.2M | $11.8M | $24.1M | $26.6M |
| Total current liabilities | $5.16B | $4.69B | $4.28B | $12.5M | $7.1M | $39.3M | $2.05B | $1.94B | $1.47B | $938.7M |
| Long-term debt | $98.7M | $39.7M | $42.1M | $83.9M | $129.5M | $120.5M | $39.3M | $39.2M | $43.6M | $18.5M |
| Other long-term liabilities | $53.9M | $50.2M | $46.4M | $0 | $0 | $0 | $43.7M | $11.2M | $0 | $0 |
| Total liabilities | $5.31B | $4.78B | $4.37B | $4.18B | $4.18B | $120.5M | $2.14B | $1.99B | $1.51B | $957.2M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $17.0M | $16.9M | $17.0M | $16.9M | $16.8M | $15.1M | $14.0M | $13.9M | $11.2M | $5.9M |
| Retained earnings (deficit) | $248.7M | $203.8M | $173.1M | $156.5M | $118.2M | $87.2M | $65.8M | $40.0M | $21.9M | $16.9M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$9.3M | −$23.7M | −$25.9M | −$35.3M | $1.4M | $2.2M | $168,000 | −$2.8M | −$1.2M | −$1.0M |
| Minority interest | $113,000 | $113,000 | $0 | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $552.4M | $491.3M | $459.9M | $432.5M | $429.4M | $3.18B | $312.7M | $283.0M | $205.9M | $105.2M |
| Key figures | ||||||||||
| Total debt | $101.7M | $47.8M | $55.2M | $96.4M | $136.6M | $159.9M | $70.9M | $62.2M | $67.7M | $45.1M |
| Net cash (debt) | $1.04B | $636.9M | $648.0M | $653.9M | $1.39B | $537.5M | $268.0M | $255.3M | $190.4M | $153.0M |
| Working capital | −$4.00B | −$3.95B | −$3.51B | $722.5M | $1.57B | $658.0M | −$1.71B | −$1.62B | −$1.21B | −$740.5M |
| Tangible book value | $452.1M | $386.6M | $352.7M | $322.7M | $323.6M | $3.10B | $235.6M | $204.0M | $155.0M | $98.6M |
| Book value per share | $32.64 | $29.12 | $27.18 | $25.63 | $27.35 | $212.02 | $22.27 | $22.60 | $23.53 | $17.85 |
| Shares outstanding | 16.9M | 16.9M | 16.9M | 16.9M | 15.7M | 15.0M | 14.0M | 12.5M | 8.7M | 5.9M |
| Current ratio | 0.22 | 0.16 | 0.18 | 58.80 | 222.37 | 17.72 | 0.17 | 0.16 | 0.18 | 0.21 |
| Quick ratio | 1.05 | 0.16 | 0.18 | 65.42 | 222.37 | 77.80 | 0.17 | 0.16 | 0.18 | 0.21 |
| Debt / equity | 0.18 | 0.10 | 0.12 | 0.22 | 0.32 | 0.05 | 0.23 | 0.22 | 0.33 | 0.43 |
| Equity / assets | 9.4% | 9.3% | 9.5% | 9.4% | 9.3% | 96.4% | 12.8% | 12.4% | 12.0% | 9.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $642.9M | $898.2M | $1.14B | $926.6M | $682.1M | $910.6M | $684.7M | $691.7M | $780.5M | $866.5M | $703.2M | $745.7M |
| Cash & equivalents | $82.9M | $346.1M | $464.4M | $523.1M | $347.6M | $411.2M | $373.5M | $190.4M | $279.7M | $392.1M | $294.8M | $360.6M |
| Short-term investments | $560.1M | $552.1M | $678.4M | $403.5M | $334.5M | $499.4M | $311.2M | $501.3M | $500.8M | $474.3M | $408.4M | $385.1M |
| Receivables | $15.2M | $4.47B | $4.30B | $59.0M | $61.6M | $63.4M | $64.0M | $66.0M | $69.6M | $71.3M | $68.1M | $67.9M |
| Inventory | $0 | $7.3M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.4M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $379.4M | $5.38B | $1.15B | $985.6M | $573.7M | $974.0M | $748.7M | $757.8M | $850.2M | $937.7M | $771.3M | $813.6M |
| Property, plant & equipment (net) | $93.3M | $93.4M | $88.4M | $89.2M | $90.2M | $90.7M | $91.1M | $91.1M | $91.3M | $92.7M | $93.0M | $92.0M |
| Goodwill & intangible assets | $94.4M | $94.9M | $100.3M | $95.8M | $103.6M | $104.2M | $104.7M | $105.3M | $105.9M | $106.5M | $107.1M | $107.8M |
| Long-term investments | $679.9M | $673.1M | $662.0M | $634.5M | $626.7M | $625.0M | $609.0M | $629.1M | $629.8M | $654.5M | $689.6M | $681.2M |
| Other non-current assets | $4.87B | $0 | $3.86B | $3.98B | $4.10B | $3.62B | $3.72B | $3.33B | $3.21B | $3.16B | $3.17B | $3.10B |
| Total assets | $6.12B | $5.91B | $5.86B | $5.78B | $5.49B | $5.41B | $5.28B | $4.91B | $4.89B | $4.95B | $4.83B | $4.80B |
| Liabilities | ||||||||||||
| Accounts payable | — | $951.4M | — | — | — | — | — | — | — | — | — | $4.25B |
| Short-term debt | $1.5M | $3.2M | $3.0M | $1.3M | $7.0M | $7.6M | $8.1M | $9.0M | $12.7M | $9.8M | $13.1M | $6.1M |
| Deferred revenue | — | $4.24B | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | $1.5M | $5.20B | $5.16B | $5.05B | $4.88B | $4.82B | $4.69B | $4.33B | $4.33B | $4.40B | $4.28B | $4.25B |
| Long-term debt | $98.8M | $98.7M | $98.7M | $138.6M | $39.7M | $39.7M | $39.7M | $39.7M | $42.1M | $42.1M | $42.1M | $56.2M |
| Other long-term liabilities | $5.44B | $47.4M | $53.9M | $55.7M | $52.9M | $49.3M | $50.2M | $48.8M | $47.0M | $41.8M | $46.4M | $41.7M |
| Total liabilities | $5.54B | $5.35B | $5.31B | $5.25B | $4.97B | $4.91B | $4.78B | $4.42B | $4.42B | $4.49B | $4.37B | $4.35B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $17.1M | $17.1M | $17.0M | $17.0M | $17.0M | $17.0M | $16.9M | $16.9M | $16.9M | $17.1M | $17.0M | $17.0M |
| Retained earnings (deficit) | $275.8M | $261.0M | $248.7M | $236.4M | $224.1M | $213.7M | $203.8M | $195.5M | $187.8M | $181.1M | $173.1M | $168.3M |
| Accumulated other comprehensive income | −$12.9M | −$12.4M | −$9.3M | −$10.8M | −$17.3M | −$19.6M | −$23.7M | −$17.3M | −$25.8M | −$27.4M | −$25.9M | −$34.2M |
| Minority interest | $113,000 | $113,000 | $113,000 | $113,000 | $113,000 | — | — | — | — | — | — | — |
| Total shareholders' equity | $576.8M | $562.0M | $552.4M | $538.4M | $519.0M | $505.8M | $491.3M | $489.0M | $472.5M | $466.8M | $459.9M | $446.7M |
| Key figures | ||||||||||||
| Total debt | $110.4M | $101.9M | $101.7M | $139.9M | $46.7M | $47.3M | $47.8M | $48.7M | $54.9M | $52.0M | $55.2M | $56.2M |
| Net cash (debt) | $532.5M | $796.2M | $1.04B | $786.7M | $635.4M | $863.3M | $636.9M | $643.1M | $725.7M | $814.5M | $648.0M | $689.5M |
| Working capital | $377.9M | $180.5M | −$4.00B | −$4.07B | −$4.31B | −$3.84B | −$3.95B | −$3.57B | −$3.48B | −$3.47B | −$3.51B | −$3.44B |
| Tangible book value | $482.4M | $467.2M | $452.1M | $442.6M | $415.4M | $401.7M | $386.6M | $383.7M | $366.5M | $360.3M | $352.7M | $338.9M |
| Book value per share | $34.01 | $33.19 | $32.64 | $31.84 | $30.75 | $29.98 | $29.12 | $29.04 | $28.04 | $27.58 | $27.18 | $26.40 |
| Shares outstanding | 17.0M | 16.9M | 16.9M | 16.9M | 16.9M | 16.9M | 16.9M | 16.8M | 16.9M | 16.9M | 16.9M | 16.9M |
| Current ratio | 260.57 | 1.03 | 0.22 | 0.20 | 0.12 | 0.20 | 0.16 | 0.17 | 0.20 | 0.21 | 0.18 | 0.19 |
| Quick ratio | 452.02 | 1.03 | 1.05 | 0.20 | 0.15 | 0.20 | 0.16 | 0.17 | 0.20 | 0.21 | 0.18 | 0.19 |
| Debt / equity | 0.19 | 0.18 | 0.18 | 0.26 | 0.09 | 0.09 | 0.10 | 0.10 | 0.12 | 0.11 | 0.12 | 0.13 |
| Equity / assets | 9.4% | 9.5% | 9.4% | 9.3% | 9.5% | 9.3% | 9.3% | 10.0% | 9.7% | 9.4% | 9.5% | 9.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 16, 2026); data from EODHD.
SMBK financial position
At the end of fiscal 2025 (December 31, 2025), SmartFinancial had total assets of $5.9 billion (up 11.1% from a year earlier), total liabilities of $5.3 billion and shareholders' equity of $552.4 million. It held $1.1 billion in cash and short-term investments against $101.7 million of debt, a net cash position of $1.0 billion. Its current ratio was 0.22. In the latest quarter (ended June 30, 2026) total assets were $6.1 billion and equity $576.8 million.
Related: SMBK income statement, SMBK cash flow statement, SMBK key metrics. See the SMBK stock overview for the latest quote and news.
SMBK balance sheet FAQ
What are SmartFinancial's total assets?
SmartFinancial reported total assets of $5.9 billion at the end of fiscal 2025 (December 31, 2025), compared with $5.3 billion a year earlier.
How much debt does SmartFinancial have?
SmartFinancial had $101.7 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.18.
How much cash does SmartFinancial have?
SmartFinancial held $1.1 billion in cash and short-term investments at the end of fiscal 2025; with $101.7 million of debt that is net cash of $1.0 billion.
What is SmartFinancial's book value?
SmartFinancial's shareholders' equity (book value) was $552.4 million at the end of fiscal 2025, or $32.64 per share.
What is SmartFinancial's current ratio?
SmartFinancial had current assets of $1.2 billion and current liabilities of $5.2 billion, a current ratio of 0.22 (current liabilities exceed current assets).
How much goodwill does SmartFinancial have?
SmartFinancial carried $100.3 million of goodwill and intangible assets, 1.7% of total assets, at the end of fiscal 2025.