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SmartFinancial SMBK FDIC assessments

FDIC assessments at other companies

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$12M0.0%
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Provident Financial ServicesPFS
$3.16M-5.6%

Segments

By segment

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General Banking Unit$920K-7.3%

Other financials

Income statement

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Revenue$56.0M+13.6%
Net income$16.3M+39.4%
EPS (diluted)$0.96+39.1%

Balance sheet

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Cash & equivalents$379.4M+3.9%
Total debt$11.0M-11.6%
Total equity$576.8M+11.1%
Total assets$6.1B+11.4%

Cash flow

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Operating cash flow$23.7M+68.8%
CapEx$1.2M+53.9%
Free cash flow$22.5M+69.6%

Valuation

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Market cap$887.92M+55.5%
Enterprise value$519.54M+138%
P/E15.5×+1.8×
P/S4.2×+1.1×

Profitability

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Net margin26.8%+4.5pp
FCF margin30.5%+2.0pp

Returns & leverage

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Return on equity10.5%+2.1pp
Debt / equity0.0×

Where this comes from

Reported directly by SmartFinancial in its filing.

Tagged under the XBRL concept us-gaap:FederalDepositInsuranceCorporationPremiumExpense.

The source filing: SmartFinancial’s 10-Q, filed August 10, 2026.

Filed
Aug 10, 2026, 5:01 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-093447
Line itemThree Months Ended / June 30, 2026Three Months Ended / June 30, 2025Six Months Ended / June 30, 2026Six Months Ended / June 30, 2025
Noninterest expense:
Salaries and employee benefits21,01519,60241,42938,836
Occupancy and equipment3,3513,4326,6966,829
FDIC insurance9209921,6701,952
Other real estate and loan related expense8067571,5971,415
Advertising and marketing408390795772
Data processing and technology2,6832,6515,1195,309
Professional services1,3661,1532,5592,521

Item 1. Consolidated Financial Statements (Unaudited)

FAQ

What is SmartFinancial's FDIC assessments?
SmartFinancial (SMBK) reported FDIC assessments of $920K in Q2 2026.
How has SmartFinancial's FDIC assessments changed year-over-year?
SmartFinancial's FDIC assessments decreased by 7.3% year-over-year, from $992K to $920K.
What is the long-term trend for SmartFinancial's FDIC assessments?
Over 4 years (2021 to 2025), SmartFinancial's FDIC assessments has grown at a 21.5% compound annual growth rate (CAGR), from $1.83M to $4M.
What does FDIC assessments mean?
Represents the mandatory insurance premiums paid to the FDIC to protect customer deposits. This expense is a regulatory requirement that scales with the bank's total insured deposit base and risk profile.

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