SMBK on NYSE

SMARTFINANCIAL INC.

American national commercial bank that raised $100 million in 2025 (SEC Form D). Summary from the record

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Last updated Oct 19, 2026.

Overview

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  • TickerSMBK on NYSE1
  • IndustryNational Commercial Banks1
  • HeadquartersKnoxville, Tennessee1
  • Incorporated inTN2
  • Business address5401 Kingston Pike, Suite 600, Knoxville, Tn 379192
  • Filer categoryAccelerated filer2
  • Legal formCorporation

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SmartFinancial, Inc. (“SmartFinancial” or the “Company”) was incorporated on September 19, 1983, under the laws of the State of Tennessee. SmartFinancial is a bank holding company registered under the Bank Holding Company Act of 1956, as amended. In this Report on Form 10-K, the words “SmartFinancial,” “the Company,” “we,” “us,” and “our” refer to SmartFinancial, Inc. together with SmartBank and SmartBank’s wholly-owned subsidiaries, except where the context requires otherwise.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income45678$50.3M in 2025+90% since 2019
0$20.0M$40.0M$60.0M2019: $26.5M$26.5M20192020: $24.3M$24.3M2020−8%2021: $34.8M$34.8M2021+43%2022: $43.0M$43.0M2022+24%2023: $28.6M$28.6M2023−34%2024: $36.1M$36.1M2024+26%2025: $50.3M$50.3M2025+39%

Every line of the income statement as filed: the last 3 fiscal years, latest first.8

Period ending2025-12-312024-12-312023-12-31
Loans and leases, including fees$248.7M$213.6M$186.5M
Taxable$20.2M$20.2M$16.7M
Tax-exempt$1.7M$1.4M$1.4M
Federal funds sold and other earning assets$15.4M$16.0M$13.5M
Total interest income$286.0M$251.1M$218.0M
Deposits$114.7M$109.3M$84.3M
Borrowings$155.0K$1.1M$936.0K
Subordinated debt$5.0M$3.4M$2.8M
Total interest expense$119.9M$113.8M$88.0M
Net interest income$166.1M$137.3M$130.1M
Provision for credit losses$7.8M$5.2M$3.0M
Net interest income after provision for credit losses$158.4M$132.2M$127.1M
Service charges on deposit accounts$7.2M$6.9M$6.5M
Gain (loss) on sale of securities, net$3.7M-$64.0K$6.8M
Mortgage banking$2.7M$1.6M$1.0M
Investment services$6.6M$5.9M$5.1M
Insurance commissions$4.0M$5.7M$4.7M
Interchange and debit card transaction fees, net$5.3M$5.3M$5.5M
"Gain on sale of SBK Insurance (""SBKI"")"$4.0M
Other$8.4M$8.7M$6.3M
Total noninterest income$34.4M$34.2M$22.3M
Salaries and employee benefits$78.3M$72.1M$65.7M
Occupancy and equipment$13.7M$13.6M$13.5M
FDIC insurance$4.0M$3.4M$3.2M
Other real estate and loan related expense$3.2M$2.8M$2.4M
Advertising and marketing$1.6M$1.3M$1.3M
Data processing and technology$10.3M$9.9M$9.2M
Professional services$4.8M$4.2M$3.4M
Amortization of intangibles$2.1M$2.4M$2.6M
Merger related and restructuring expenses$1.3M$110.0K
Other$11.8M$11.1M$11.6M
Total noninterest expense$131.2M$120.9M$113.2M
Income before income tax expense$61.5M$45.5M$36.2M
Income tax expense$11.2M$9.3M$7.6M
Net income$50.3M$36.1M$28.6M
Basic (in dollars per share)$3.00$2.16$1.70
Diluted (in dollars per share)$2.98$2.14$1.69
Basic (in shares)16.8M shares16.8M shares16.8M shares
Diluted (in shares)16.9M shares16.9M shares16.9M shares

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Leadership

Who has led SMARTFINANCIAL INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Gregory B. Jones2006–2009
  2. Nathaniel F. Hughes2010–2015
  3. William Young Carroll Jr.2015–now

Chair

  1. Gregory B. Jones2006–2009
  2. Wesley Miller Welborn2015–now

President

  1. Nathaniel F. Hughes2006–2015
  2. William Young Carroll Jr.2015–2017
  3. Robert Wade Kuhn Jr.2017–2018

Chief financial officer

  1. Gary Wayne Petty Jr.2011–2013
  2. Felicia F. Barbee2015
  3. Ronald J. Gorczynski2020–now

Chief operating officer

  1. Nathaniel F. Hughes2006–2009
  2. John H. Coxwell Sr.2015–2016
2010201520202025
Board members and other officers (44)

Former names

  • CORNERSTONE BANCSHARES INCApr 16, 1998 to Aug 24, 20152
  • EAST RIDGE BANCSHARES INCMay 8, 1997 to Jun 24, 19972

Timeline

  1. Sep 9, 2015New chief executive William Young Carroll Jr. becomes CEO12
  2. Oct 29, 2010New chief executive Nathaniel F. Hughes becomes CEO13
  3. Feb 16, 2006New chief executive Gregory B. Jones becomes CEO14

Filings

299 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 57 major events, 172 insider forms, 11 large holders, 1 private raises, 38 other. The latest 20:

  1. Sep 14, 20264 EDGAR
  2. Aug 10, 202610-Q EDGAR
  3. Aug 4, 20264 EDGAR
  4. Jul 20, 20268-K EDGAR
  5. Jun 12, 20264 EDGAR
  6. Jun 10, 20264 EDGAR
  7. Jun 4, 20264 EDGAR
  8. May 22, 20268-K EDGAR
  9. May 20, 20264 EDGAR
  10. May 20, 20264 EDGAR
  11. May 20, 20264 EDGAR
  12. May 13, 2026EFFECT EDGAR
  13. May 11, 202610-Q EDGAR
  14. May 11, 2026CORRESP EDGAR
  15. May 5, 2026UPLOAD EDGAR
  16. May 4, 20264 EDGAR
  17. May 1, 2026S-3 EDGAR
  18. Apr 30, 20268-K EDGAR
  19. Apr 27, 2026SCHEDULE 13G/A EDGAR
  20. Apr 24, 20264 EDGAR

The 299 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

56 open-market trades by officers, directors and large owners since October 2021: 21 buys and 35 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 14, 2026Jordan Rhett D.EVP & CHIEF CREDIT OFFICERSale230$52.05$12.0KForm 4
Aug 4, 2026Jordan Rhett D.EVP & CHIEF CREDIT OFFICERSale430$52.75$22.7KForm 4
Jun 12, 2026Jordan Rhett D.EVP & CHIEF CREDIT OFFICERSale400$45.00$18.0KForm 4
Jun 10, 2026Barrett Victor LynnDirectorBuy3,000$43.78$131.3KForm 4
Jun 4, 2026Ackermann Cathy GDirectorBuy3,000$42.12$126.4KForm 4
May 4, 2026Shomaker Kelli DDirectorBuy290$41.30$12.0KForm 4
Apr 24, 2026Jordan Rhett D.EVP & CHIEF CREDIT OFFICERSale500$41.85$20.9KForm 4
Feb 9, 2026Welborn Wesley MillerCHAIRMAN OF THE BOARDBuy835$43.13$36.0KForm 4
Jan 27, 2026Shomaker Kelli DDirectorBuy255$39.38$10.0KForm 4
Dec 10, 2025Tucker Steven B.DirectorSale10,625$38.01$403.9KForm 4
Nov 18, 2025Jordan Rhett D.EVP & CHIEF CREDIT OFFICERSale250$35.00$8.8KForm 4
Feb 3, 2025Welborn Wesley MillerCHAIRMAN OF THE BOARDBuy1,162$34.75$40.4KForm 4
Jan 27, 2025Jordan Rhett D.EVP & CHIEF CREDIT OFFICERSale350$35.76$12.5KForm 4
Dec 9, 2024PRESLEY JOHN MDirectorSale6,916$35.05$242.4KForm 4
Dec 6, 2024PRESLEY JOHN MDirectorSale10,140$35.54$360.4KForm 4
Dec 5, 2024PRESLEY JOHN MDirectorSale10,517$36.05$379.1KForm 4
Dec 4, 2024Jordan Rhett D.EVP & CHIEF CREDIT OFFICERSale200$35.61$7.1KForm 4
Nov 7, 2024PRESLEY JOHN MDirectorSale7,500$35.79$268.4KForm 4
Nov 5, 2024Tucker Steven B.DirectorSale6,730$33.14$223.0KForm 4
Nov 5, 2024Jordan Rhett D.EVP & CHIEF CREDIT OFFICERSale300$32.52$9.8KForm 4

All 56 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Aug 20, 2025Raised $100 million in a private offering of debt Form D: 44 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.1,468,195$68.9M0.0%+183,638
Dimensional Fund Advisors LP836,086$39.2M0.0%−302
Vanguard Capital Management LLC679,819$31.9M0.0%−598
First Eagle Investment Management, LLC638,678$30.0M0.0%+414,639
Wellington Management Group Llp594,386$27.9M0.0%−80,961
State Street Corp457,060$21.4M0.0%+16,528
American Century Companies Inc448,667$21.1M0.0%+76,854
Private Capital Management, LLC432,512$20.3M1.8%+4,365
Geode Capital Management, LLC381,419$17.9M0.0%+26,058
Cravens & Co Advisors, LLC220,400$10.3M6.9%−30
Salzhauer Michael211,013$9.9M3.6%−1,657
Two Sigma Investments, LP188,433$8.8M0.0%+18,549
Morgan Stanley182,854$8.6M0.0%+11,899
Basswood Capital Management, L.l.c.180,329$8.5M0.4%+10,589
Northern Trust Corp152,895$7.2M0.0%+8,349
Stieven Capital Advisors, L.P.147,534$6.9M1.3%+300
Renaissance Technologies LLC147,181$6.9M0.0%−5,093
Bridgeway Capital Management, LLC143,495$6.7M0.1%+6,253
North Reef Capital Management LP137,089$6.4M0.2%+1
Vanguard Portfolio Management LLC130,914$6.1M0.0%+18,740
Alliancebernstein L.P.151,894$5.9M0.0%+1,040
Charles Schwab Investment Management Inc123,934$5.8M0.0%+2,279
Nuveen, LLC112,734$5.3M0.0%+15,800
Vanguard Fiduciary Trust Co99,332$4.7M0.0%+4,798
Banc Funds Co LLC97,626$4.6M0.8%−52,461

13F reports cover disclosed long positions in U.S. stocks only.

Sources

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