SMARTFINANCIAL INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $596k $568k $707k $1.7m $1.9m $2.0m $2.5m $3.6m
Amortization of Intangible Assets $305k $346k $976k $1.4m $1.7m $2.3m $2.6m $2.6m $2.4m $2.1m
Debt and Equity Securities, Gain (Loss) $1k $6k
Debt Securities, Realized Gain (Loss) $34k $6k $45k $144k $64k
Depreciation, Depletion and Amortization, Nonproduction $2.2m $2.5m ($3.7m) $4.3m $6.0m $6.7m $10.0m $10.9m $9.0m $7.6m
Goodwill, Impairment Loss $0 $0 $0
Interest Income, Operating $42.6m $52.0m $92.2m $108.5m $117.6m $125.2m $158.8m $218.0m $251.1m $286.0m
Preferred Stock Dividends, Income Statement Impact $1.0m $195k $0
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $9.2m $11.4m $21.3m $33.4m $30.9m $44.3m $54.9m $36.2m $45.5m $61.5m
Net Income (Loss) Attributable to Parent $5.8m $5.0m $18.1m $26.5m $24.3m $34.8m $43.0m $28.6m $36.1m $50.3m
Net Income (Loss) Available to Common Stockholders, Basic $4.8m $4.8m $18.1m $26.5m $24.3m $34.8m $43.0m $28.6m $36.1m $50.3m
Earnings Per Share, Basic $0.82 $0.56 $1.46 $1.90 $1.63 $2.23 $2.57 $1.70 $2.16 $3.00
Earnings Per Share, Diluted $0.78 $0.55 $1.45 $1.89 $1.62 $2.22 $2.55 $1.69 $2.14 $2.98
Weighted Average Number of Shares Outstanding, Basic 5.8m 8.6m 12.4m 14.0m 15.0m 15.6m 16.7m 16.8m 16.8m 16.8m
Weighted Average Number of Shares Outstanding, Diluted 6.1m 8.8m 12.5m 14.0m 15.0m 15.7m 16.9m 16.9m 16.9m 16.9m
Noninterest expense:
Labor and Related Expense $17.7m $20.7m $30.6m $36.6m $42.9m $51.7m $63.4m $65.7m $72.1m $78.3m
Business Combination, Acquisition Related Costs $2.4m $3.8m $3.2m $4.6m $3.7m $562k $110k $1.3m
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal $3.0m $5.2m
Interest Expense $4.3m $5.7m $15.6m $24.6m $16.7m $11.8m $21.3m $88.0m $113.8m $119.9m
Interest Expense, Debt $816k $540k $602k $936k
Operating Lease, Expense $875k $1.2m $1.3m $1.7m $1.8m $2.0m $1.9m
Income Tax Expense (Benefit) $3.4m $6.4m $3.2m $6.9m $6.6m $9.5m $11.9m $7.6m $9.3m $11.2m
Total interest expense $4.3m $5.7m $15.6m $24.6m $16.7m $11.8m $21.3m $88.0m $113.8m $119.9m
Interest Income (Expense), Net $38.3m $46.3m $76.6m $83.9m $100.9m $113.4m $137.5m $130.1m $137.3m $166.1m