SmartFinancial | 10-Q: FY2025 Q3 Revenue: USD 83.16 B

Revenue: As of FY2025 Q3, the actual value is USD 83.16 B.

EPS: As of FY2025 Q3, the actual value is USD 0.81, beating the estimate of USD 0.716.

EBIT: As of FY2025 Q3, the actual value is USD -25.46 B.

Segment Revenue

• Interest Income: $74,518 thousand for the three months ended September 30, 2025, compared to $63,956 thousand for the same period in 2024. For the nine months ended September 30, 2025, interest income was $210,348 thousand, compared to $185,023 thousand in 2024.

Operational Metrics

• Net Interest Income: $42,430 thousand for the three months ended September 30, 2025, compared to $35,032 thousand for the same period in 2024. For the nine months ended September 30, 2025, net interest income was $121,011 thousand, compared to $99,567 thousand in 2024.
• Net Income: $13,686 thousand for the three months ended September 30, 2025, compared to $9,140 thousand for the same period in 2024. For the nine months ended September 30, 2025, net income was $36,644 thousand, compared to $26,500 thousand in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $45,194 thousand for the nine months ended September 30, 2025, compared to $36,016 thousand for the same period in 2024.
• Net Cash Used in Investing Activities: -$327,601 thousand for the nine months ended September 30, 2025, compared to -$236,297 thousand in 2024.
• Net Cash Provided by Financing Activities: $451,964 thousand for the nine months ended September 30, 2025, compared to $40,924 thousand in 2024.

Unique Metrics

• Allowance for Credit Losses: $39,074 thousand as of September 30, 2025, compared to $37,423 thousand as of December 31, 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to maintain a strong capital position and continue to focus on its core banking operations, including expanding its loan and deposit base in its existing markets.
• Non-Core Business: The company completed the sale of SBKI, which resulted in a gain of $3,955 thousand, indicating a strategic move to streamline operations and focus on core banking activities.