SmartFinancial (SmartFinancial) Allowance For Loans And Lease Losses : $-33.5 Mil (As of Mar. 2024)

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What is SmartFinancial Allowance For Loans And Lease Losses?

SmartFinancial's Allowance For Loans And Lease Losses for the quarter that ended in Mar. 2024 was $-33.5 Mil.

SmartFinancial's quarterly Allowance For Loans And Lease Losses declined from Sep. 2023 ($-33.0 Mil) to Dec. 2023 ($-34.4 Mil) but then increased from Dec. 2023 ($-34.4 Mil) to Mar. 2024 ($-33.5 Mil).

SmartFinancial's annual Allowance For Loans And Lease Losses declined from Dec. 2021 ($-19.0 Mil) to Dec. 2022 ($-22.0 Mil) and declined from Dec. 2022 ($-22.0 Mil) to Dec. 2023 ($-34.4 Mil).

SmartFinancial Allowance For Loans And Lease Losses Historical Data

The historical data trend for SmartFinancial's Allowance For Loans And Lease Losses can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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SmartFinancial Allowance For Loans And Lease Losses Chart

SmartFinancial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Allowance For Loans And Lease Losses

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-10.24

-18.35

-19.02

-22.04

-34.43

SmartFinancial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Allowance For Loans And Lease Losses	Get a 7-Day Free Trial															-32.28	-32.75	-33.04	-34.43	-33.55

SmartFinancial Allowance For Loans And Lease Losses Calculation

Allowance For Loans And Lease Losses is a contra account sets aside as an allowance for bad loans.

SmartFinancial Allowance For Loans And Lease Losses Related Terms

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SmartFinancial (SmartFinancial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SmartFinancial Inc (NYSE:SMBK) » Definitions » Allowance For Loans And Lease Losses

Comparable Companies

Traded in Other Exchanges

N/A

Address

5401 Kingston Pike, Suite 600, Knoxville, TN, USA, 37919

Website

https://www.smartfinancialinc.com

SmartFinancial Inc operates as a bank holding company for SmartBank. It offers various banking and financial services to individuals and corporate customers. The principal business of the Bank consists of attracting deposits from the general public and investing those funds, together with funds generated from operations and from principal and interest payments on loans, primarily in commercial loans, commercial and residential real estate loans, consumer loans, and residential and commercial construction loans. The primary source of revenue is interest income from earning assets, namely loans and securities.

Executives

John M Presley	director	770 NORTH WATER STREET, ATTENTION: CORPORATE SECRETARIES DEPT., MILWAUKEE WI 53202
Rhett D. Jordan	officer: Chief Credit Officer & EVP	5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Geoffrey Alan Wolpert	director	5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Ted Charles Miller	director	5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Keith Edward Whaley	director	5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Wesley Miller Welborn	director, officer: Chairman	6401 LEE HIGHWAY, STE B, CHATTANOOGA TN 37421
David Austin Ogle	director	5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Carroll William Young Jr.	director, officer: President and CEO	5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Cathy G Ackermann	director	5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Clifton N Miller	director	5401 KINGSTON PIKE SUITE 600, KNOXVILLE TN 37919
Ronald J Gorczynski	officer: Chief Financial Officer & EVP	3980 PREMIER DRIVE, SUITE 210, HIGH POINT NC 27265
Carroll William Young Sr.	director, officer: Vice-Chairman	5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
Monique Berke	director	6401 LEE HIGHWAY, SUITE 119, CHATTANOOGA TN 37421
Ottis H Phillips	director	5401 KINGSTON PIKE, SUITE 600, KNOXVILLE TN 37919
James Beaumont Wicks	director	38 RIDGELAND, TUSCALOOSA AL 35406