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SmartFinancial SMBK Net Occupancy And Equipment Expense

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Segments

By segment

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General Banking Unit$3.35M-2.4%

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 smbk:NetOccupancyAndEquipmentExpense.

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
Total noninterest income7,8868,89815,82717,495
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

Item 1. Consolidated Financial Statements (Unaudited)

FAQ

What is SmartFinancial's net occupancy and equipment expense?
SmartFinancial (SMBK) reported net occupancy and equipment expense of $3.35M in Q2 2026.
How has SmartFinancial's net occupancy and equipment expense changed year-over-year?
SmartFinancial's net occupancy and equipment expense decreased by 2.4% year-over-year, from $3.43M to $3.35M.
What is the long-term trend for SmartFinancial's net occupancy and equipment expense?
Over 4 years (2021 to 2025), SmartFinancial's net occupancy and equipment expense has grown at a 7.6% compound annual growth rate (CAGR), from $10.2M to $13.69M.
What does net occupancy and equipment expense mean?
Includes costs related to the maintenance, lease, and depreciation of physical branch locations and operational equipment. This metric is a primary component of the bank's fixed overhead and reflects the efficiency of its physical distribution network.

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