SmartFinancial Inc. Files 2024 10-K
Ticker: SMBK · Form: 10-K · Filed: Mar 17, 2025 · CIK: 1038773
Sentiment: neutral
Topics: 10-K, financials, banking
TL;DR
SMARTFINANCIAL INC. FILED ITS 2024 10-K. FINANCIALS ARE IN.
AI Summary
SmartFinancial Inc. filed its 2024 10-K on March 17, 2025, reporting on its fiscal year ending December 31, 2024. The company, formerly known as Cornerstone Bancshares Inc. and East Ridge Bancshares Inc., is headquartered in Knoxville, TN. The filing provides financial data and disclosures for the period, including details on interest income from tax-exempt securities and operating interest income and expense.
Why It Matters
This 10-K filing provides a comprehensive overview of SmartFinancial Inc.'s financial performance and position for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.
Risk Assessment
Risk Level: medium — As a financial institution, SmartFinancial Inc. is subject to various market, credit, and regulatory risks inherent in the banking sector.
Key Numbers
- 0.08 — Interest Rate (Indicates a specific interest rate, likely related to SOFR or other benchmark rates mentioned.)
- 162000 — Other Assets (Represents a specific value for 'Other Assets' within the company's financial statements.)
Key Players & Entities
- SMARTFINANCIAL INC. (company) — Filer
- 20241231 (date) — Fiscal Year End
- 20250317 (date) — Filing Date
- Knoxville, TN (location) — Business Address
- CORNERSTONE BANCSHARES INC (company) — Former Company Name
- EAST RIDGE BANCSHARES INC (company) — Former Company Name
FAQ
What was SmartFinancial Inc.'s total revenue for the fiscal year 2024?
The provided snippet does not contain specific figures for total revenue for fiscal year 2024.
What is the company's net income for the year ended December 31, 2024?
The filing snippet does not include information on net income for the year ended December 31, 2024.
What were the primary drivers of interest income in 2024?
The filing mentions 'InterestIncomeSecuritiesTaxExempt' and 'InterestIncomeOperating' as components of interest income.
What is the company's total assets as of December 31, 2024?
Specific total asset figures are not present in the provided text.
What is the company's debt-to-equity ratio at the end of fiscal year 2024?
Information regarding the debt-to-equity ratio is not available in this excerpt.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on March 17, 2025 regarding SMARTFINANCIAL INC. (SMBK).