Financial insights of SMBK

MyFinsight

For the quarter ending 2025-09-30, SMBK made $152,827K in revenue. $13,686K in net income. Net profit margin of 8.96%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement	2025-09-30	2025-06-30
Loans and leases, including fees	64,282	61,049
Taxable	4,876	4,848
Tax-exempt	441	395
Federal funds sold and other earning assets	4,919	3,161
Total interest income	74,518	69,453
Deposits	30,464	28,301
Borrowings	14	70
Subordinated debt	1,610	739
Total interest expense	32,088	29,110
Net interest income	42,430	40,343
Provision for credit losses	227	2,411
Net interest income after provision for credit losses	42,203	37,932
Service charges on deposit accounts	1,831	1,766
Loss on sale of securities	-3,715	-4
Mortgage banking	709	633
Investment services	1,690	1,440
Insurance commissions	1,049	1,554
Interchange and debit card transaction fees, net	1,338	1,342
Gain on sale of sbk insurance ('sbki')	3,955	-
Other	1,780	2,167
Total noninterest income	8,637	8,898
Salaries and employee benefits	19,544	19,602
Occupancy and equipment	3,468	3,432
Fdic insurance	1,025	992
Other real estate and loan related expense	969	757
Advertising and marketing	454	390
Data processing and technology	2,594	2,651
Professional services	1,123	1,153
Amortization of intangibles	536	566
Restructuring expenses	1,310	-
Other	2,846	3,026
Total noninterest expense	33,869	32,569
Income before income tax expense	16,971	14,261
Income tax expense	3,285	2,556
Net income	13,686	11,705

Earnings per share, basic	0.82	0.7
Earnings per share, diluted	0.81	0.69
Weighted average number of shares outstanding, basic	16,781,236	16,778,988
Weighted average number of shares outstanding, diluted	16,908,920	16,878,736