In Q3 FY2024 (ended September 30, 2024), SMARTFINANCIAL INC. reported net income of $9.14 million, a significant increase of 342.2% year-over-year. Diluted EPS was $0.81, up 20.9% from the prior year. Revenue and operating income were not disclosed.
•Net income of $9.14 million, up 342.2% YoY.
•Diluted EPS of $0.81, up 20.9% YoY.
•Revenue and operating income not reported.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
SmartFinancial is the bank holding company for SmartBank that provides various financial services to individuals and corporate customers in the United States. The company offers various deposits, including noninterest-bearing and interest-bearing checking, savings, money market, and individual retirement accounts, as well as certificates of deposit
Commercial and residential real estate, consumer real estate, construction and land development, commercial and industrial, and consumer and loans leases to small and mid-size companies for equipment financing leases.
Additionally, it offers wealth management, insurance, mortgage origination, and internet and mobile banking services. It operates in Tennessee, Alabama, and Florida. SmartFinancial, Inc. is based in Knoxville, Tennessee.
SmartFinancial, Inc. is the bank holding company for SmartBank, offering a wide range of financial services to individuals and corporate customers across the United States. Its deposit products include noninterest-bearing and interest-bearing checking accounts, savings accounts, money market accounts, individual retirement accounts, and certificates of deposit. On the lending side, the company provides commercial and residential real estate loans, consumer real estate loans, construction and land development loans, commercial and industrial loans, and consumer loans. It also offers equipment financing leases to small and mid-size companies. Additionally, SmartFinancial delivers wealth management, insurance, mortgage origination, and internet and mobile banking services.
Where is SmartFinancial, Inc. (SMBK) listed and in what currency?
SmartFinancial, Inc. is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol SMBK. All trading and financial reporting are conducted in US Dollars (USD), reflecting its primary operations in the United States. As a US-based company, its stock price and dividends are denominated in USD, making it accessible to investors through major brokerage platforms that trade on the NYSE.
What sector and industry does SmartFinancial, Inc. (SMBK) operate in?
SmartFinancial, Inc. operates in the Financial Services sector, specifically within the Banks - Regional industry. This means it is a regional bank holding company that focuses on providing traditional banking and financial services to local communities and businesses. Unlike large national banks, regional banks like SmartFinancial typically have a more localized footprint and offer personalized services. Its industry classification as 'Banks - Regional' indicates that its primary business involves taking deposits and making loans within specific geographic regions.
Where is SmartFinancial, Inc. (SMBK) headquartered and what markets does it serve?
SmartFinancial, Inc. is headquartered in Knoxville, Tennessee, United States. The company operates primarily in three states: Tennessee, Alabama, and Florida. Through its subsidiary SmartBank, it serves both individual and corporate customers in these regions, offering a full suite of financial products and services. Its geographic focus on the southeastern United States allows it to cater to the banking needs of local communities, small to mid-size businesses, and real estate developers in these growing markets.
How does SmartFinancial, Inc. (SMBK) generate revenue?
SmartFinancial, Inc. generates revenue primarily through its banking operations, which include net interest income from loans and investments, as well as non-interest income from fees and services. The company earns interest on various loan products such as commercial and residential real estate loans, construction loans, commercial and industrial loans, and consumer loans. It also generates fee income from deposit account services, wealth management, insurance products, mortgage origination, and equipment financing leases. Additionally, SmartBank offers internet and mobile banking services, which may contribute to customer retention and fee-based revenue.