In This Article:
SmartFinancial (NYSE:SMBK) Full Year 2024 Results
Key Financial Results
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Revenue: US$166.3m (up 11% from FY 2023).
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Net income: US$36.1m (up 26% from FY 2023).
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Profit margin: 22% (up from 19% in FY 2023). The increase in margin was driven by higher revenue.
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EPS: US$2.16 (up from US$1.70 in FY 2023).
SMBK Banking Performance Indicators
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Net interest margin (NIM): 3.04% (up from 2.97% in FY 2023).
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Cost-to-income ratio: 70.7% (down from 74.2% in FY 2023).
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Non-performing loans: 0.20% (down from 0.24% in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
SmartFinancial Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%.
In the last 12 months, the only revenue segment was Provides a Variety of Financial Services to Individuals and Corporate Customers contributing US$166.3m. The largest operating expense was General & Administrative costs, amounting to US$99.9m (77% of total expenses). Explore how SMBK's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 7.2% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 12% from a week ago.
Risk Analysis
Be aware that SmartFinancial is showing 1 warning sign in our investment analysis that you should know about...
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