| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 36,644 | 22,959 |
| Depreciation and amortization | 6,277 | 4,317 |
| Amortization of intangible assets | 1,671 | 1,135 |
| Provision for credit losses | 3,618 | 3,391 |
| Stock compensation expense | 1,712 | 1,234 |
| Loss on sale of securities available-for-sale | -3,719 | -4 |
| Deferred income tax expense (benefit) | -146 | 66 |
| Increase in cash surrender value of bank owned life insurance | 2,693 | 1,780 |
| Net losses from sale and write-downs of other real estate owned and other repossessed assets | -508 | -249 |
| Net gains from mortgage banking | 1,753 | 1,070 |
| Origination of loans held for sale | 31,481 | 16,582 |
| Proceeds from sales of loans held for sale | 29,375 | 18,164 |
| Gain from sale of sbk insurance | 3,955 | - |
| Net (gain) loss from sale/disposal of fixed assets | -14 | -14 |
| Accrued interest receivable | 846 | 587 |
| Accrued interest payable | 2,374 | 923 |
| Other assets | -1,286 | 3,050 |
| Other liabilities | -1,130 | -1,078 |
| Net cash provided by operating activities | 45,194 | 28,309 |
| Proceeds from sales | 99,966 | - |
| Proceeds from maturities, calls and paydowns | 55,084 | 26,175 |
| Purchases | 171,820 | 38,842 |
| Proceeds from maturities, calls and paydowns | 1,756 | 1,118 |
| Proceeds from sales of other investments | 1,041 | 1,041 |
| Purchases of other investments | 4,766 | 1,666 |
| Proceeds from sale of sbk insurance, net of transaction cost | 11,107 | - |
| Net increase in loans and leases | 319,864 | 219,692 |
| Proceeds from sale of fixed assets | 123 | 67 |
| Purchases of premises and equipment | 2,035 | 1,707 |
| Proceeds from sale of other real estate owned and other repossessed assets | 1,807 | 1,157 |
| Net cash used in investing activities | -327,601 | -232,349 |
| Net increase in deposits | 364,442 | 185,659 |
| Net decrease in securities sold under agreements to repurchase | -2,833 | -1,169 |
| Proceeds from borrowings | 1,000 | 1,000 |
| Repayment of borrowings | 5,000 | 1,000 |
| Cash dividends paid | 4,088 | 2,722 |
| Issuance of subordinated debt, net of issuance costs | 98,580 | - |
| Issuance of common stock | 154 | 63 |
| Restricted shares withheld for taxes | 291 | 265 |
| Net cash provided by financing activities | 451,964 | 181,566 |
| Net change in cash and cash equivalents | 169,557 | -22,474 |
| Cash and cash equivalents at beginning of period | 387,570 | - |
| Cash and cash equivalents at end of period | 557,127 | - |
SMARTFINANCIAL INC. (SMBK)
SMARTFINANCIAL INC. (SMBK)