SMBKSMARTFINANCIAL INC.
National Commercial Banks
- Revenue
- —
- Operating margin
- —
- EBITDA
- —
- Market cap
- $829M
- Employees
- 109
- Net debt / EBITDA
- —
- −$379M net debt
- AI in 10-K
- 2.1
- mentions per 10K words
Takeover score 1 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$1M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo123% of net incomeCash flow under 80% of net income
- Dilutive SBCNo—Over 10% of revenue
- Payouts exceed cash flowNo14% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo85% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo—Bottom quartile of its SIC industry
- Quiet on AINo2.1 per 10K words · 57th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedYes$829M market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$354K netNet sales over $10M in 12 months
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $35M | $43M | $29M | $36M | $50M | 39% |
| Operating cash flow | $46M | $57M | $40M | $53M | $62M | 17% |
| Capex | $2M | $12M | $6M | $6M | $2M | 63% |
| Stock-based comp | $693K | $1M | $1M | $2M | $2M | 19% |
| Buybacks | $1M | — | — | $3M | — | |
| Dividends | $4M | $5M | $5M | $5M | $5M | 0.6% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $316K · 5
- Open-market sells, 12 mo
- $669K · 8
- Net
- −$354K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $2M | $1M | 216 | 160 |
| FY2024 | $1M | $1M | 179 | 146 |
| FY2023 | $1M | $693K | 140 | 123 |
| FY2022 | $1M | $959K | 155 | 123 |
| FY2021 | $1M | $1M | 152 | 139 |