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SmartFinancial SMBK Business Segments — Labor And Related Expense

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OBTBanking — Labor And Related 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:LaborAndRelatedExpense.

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
Other1,6352,1673,7484,133
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

Item 1. Consolidated Financial Statements (Unaudited)

FAQ

What is SmartFinancial's business segments — labor and related expense?
SmartFinancial (SMBK) reported business segments — labor and related expense of $21.02M in Q2 2026.
How has SmartFinancial's business segments — labor and related expense changed year-over-year?
SmartFinancial's business segments — labor and related expense increased by 7.2% year-over-year, from $19.6M to $21.02M.
What is the long-term trend for SmartFinancial's business segments — labor and related expense?
Over 3 years (2022 to 2025), SmartFinancial's business segments — labor and related expense has grown at a 7.3% compound annual growth rate (CAGR), from $63.42M to $78.3M.
What does business segments — labor and related expense mean?
Represents the total cost of personnel, including salaries, benefits, and incentives for staff within the banking unit. As a primary component of operating expenses, it is a key measure of operational efficiency and human capital investment.

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