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SmartFinancial SMBK Business Segments — Foreclosed Real Estate Expense

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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:ForeclosedRealEstateExpense.

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 itemBanking Segment / Three Months Ended June 30, 2026Banking Segment / Three Months Ended June 30, 2025Banking Segment / Six Months Ended June 30, 2026Banking Segment / Six Months Ended June 30, 2025
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
Amortization of intangibles4545669111,135

Item 1. Consolidated Financial Statements (Unaudited)

FAQ

What is SmartFinancial's business segments — foreclosed real estate expense?
SmartFinancial (SMBK) reported business segments — foreclosed real estate expense of $806K in Q2 2026.
How has SmartFinancial's business segments — foreclosed real estate expense changed year-over-year?
SmartFinancial's business segments — foreclosed real estate expense increased by 6.5% year-over-year, from $757K to $806K.
What is the long-term trend for SmartFinancial's business segments — foreclosed real estate expense?
Over 3 years (2022 to 2025), SmartFinancial's business segments — foreclosed real estate expense has grown at a 9.9% compound annual growth rate (CAGR), from $2.45M to $3.24M.
What does business segments — foreclosed real estate expense mean?
Includes costs related to the maintenance, management, and disposition of properties acquired through loan defaults. High levels of this expense indicate potential credit quality issues and challenges in the bank's loan portfolio.

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