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SmartFinancial SMBK Bank Owned Life Insurance Income

Bank Owned Life Insurance Income at other companies

Financial Institutions logo
Financial InstitutionsFISI
$2.77M-0.2%
Trico Bancshares logo
Trico BancsharesTCBK
$816K-0.5%
Stock Yards Bancorp logo
Stock Yards BancorpSYBT
$632K+1.6%
Provident Financial Services logo
Provident Financial ServicesPFS
$4.03M+92.8%
Community Financial System logo
Community Financial SystemCBU
$991K+78.2%
HOM
Home BancSharesHOMB
$1.37M-25.7%

Other financials

Income statement

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Revenue$53.8M+14.9%
Net income$13.7M+21.6%
EPS (diluted)$0.81+20.9%

Balance sheet

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Cash & equivalents$346.1M-18.2%
Total debt$11.4M-7.0%
Total equity$562.0M+11.1%
Total assets$5.9B+9.2%

Cash flow

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Operating cash flow$16.4M+14.5%
CapEx$6.2M+568%
Free cash flow$10.2M-24.0%

Valuation

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Market cap$790.12M+46.9%
Enterprise value$455.43M+258%
P/E15×+0.8×
P/S3.8×+0.8×

Profitability

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Net margin25.4%+4.1pp
FCF margin27.1%-4.1pp

Returns & leverage

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Return on equity9.9%+2.1pp
Debt / equity0.0×

Where this comes from

Reported directly by SmartFinancial in its filing.

Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.

The official record: SmartFinancial’s 10-Q, filed May 11, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is SmartFinancial's bank owned life insurance income?
SmartFinancial (SMBK) reported bank owned life insurance income of $913K in Q1 2026.
How has SmartFinancial's bank owned life insurance income changed year-over-year?
SmartFinancial's bank owned life insurance income increased by 2.8% year-over-year, from $888K to $913K.
What is the long-term trend for SmartFinancial's bank owned life insurance income?
Over 4 years (2021 to 2025), SmartFinancial's bank owned life insurance income has grown at a 20.5% compound annual growth rate (CAGR), from $1.71M to $3.61M.
What does bank owned life insurance income mean?
Reflects the income generated from bank-owned life insurance (BOLI) policies, typically representing the increase in cash surrender value or death benefits received. This serves as a tax-advantaged source of non-interest income used to offset employee benefit costs.