SmartFinancial (SmartFinancial) Interest Expense : $-98.8 Mil (TTM As of Dec. 2023)

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What is SmartFinancial Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. SmartFinancial's interest expense for the three months ended in Dec. 2023 was $ -26.0 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-98.8 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. SmartFinancial's Operating Income for the three months ended in Dec. 2023 was $ Mil. SmartFinancial's Interest Expense for the three months ended in Dec. 2023 was $ Mil. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

SmartFinancial Interest Expense Historical Data

The historical data trend for SmartFinancial's Interest Expense 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 Interest Expense Chart

SmartFinancial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-24.58

-16.75

-11.84

-21.33

-87.96

SmartFinancial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Interest Expense	Get a 7-Day Free Trial															-17.20	-20.52	-24.27	-25.98	-28.06

SmartFinancial Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-98.8 Mil.

SmartFinancial (SmartFinancial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » SmartFinancial Inc (NYSE:SMBK) » Definitions » Interest Expense

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