SmartFinancial Management

Management criteria checks 4/4

SmartFinancial's CEO is Billy Carroll, appointed in Aug 2015, has a tenure of 8.67 years. total yearly compensation is $1.09M, comprised of 52.3% salary and 47.7% bonuses, including company stock and options. directly owns 0.92% of the company’s shares, worth $3.27M. The average tenure of the management team and the board of directors is 4.9 years and 14.3 years respectively.

Key information

Billy Carroll

Chief executive officer

US$1.1m

Total compensation

CEO salary percentage	52.3%
CEO tenure	8.7yrs
CEO ownership	0.9%
Management average tenure	4.9yrs
Board average tenure	14.3yrs

Recent management updates

Recent updates

SmartFinancial Non-GAAP EPS of $0.61 misses by $0.02, revenue of $40.29M misses by $0.63M

Jul 25

SmartFinancial (NASDAQ:SMBK) Is Paying Out A Larger Dividend Than Last Year

Feb 03

SmartFinancial (NASDAQ:SMBK) Has Re-Affirmed Its Dividend Of US$0.06

Nov 04

SmartFinancial (NASDAQ:SMBK) Has Announced A Dividend Of US$0.06

Jul 29

Shareholders Will Probably Hold Off On Increasing SmartFinancial, Inc.'s (NASDAQ:SMBK) CEO Compensation For The Time Being

May 20

What To Know Before Buying SmartFinancial, Inc. (NASDAQ:SMBK) For Its Dividend

Mar 05

SmartFinancial, Inc. (NASDAQ:SMBK) Looks Interesting, And It's About To Pay A Dividend

Feb 07

Is SmartFinancial, Inc. (NASDAQ:SMBK) Popular Amongst Insiders?

Jan 26

Have Insiders Been Buying SmartFinancial, Inc. (NASDAQ:SMBK) Shares?

Dec 29

Did You Miss SmartFinancial's (NASDAQ:SMBK) 21% Share Price Gain?

Dec 08

CEO Compensation Analysis

How has Billy Carroll's remuneration changed compared to SmartFinancial's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$26m
Dec 31 2023	US$1m	US$569k	US$29m
Sep 30 2023	n/a	n/a	US$35m
Jun 30 2023	n/a	n/a	US$45m
Mar 31 2023	n/a	n/a	US$46m
Dec 31 2022	US$1m	US$520k	US$43m
Sep 30 2022	n/a	n/a	US$37m
Jun 30 2022	n/a	n/a	US$35m
Mar 31 2022	n/a	n/a	US$33m
Dec 31 2021	US$1m	US$495k	US$35m
Sep 30 2021	n/a	n/a	US$37m
Jun 30 2021	n/a	n/a	US$34m
Mar 31 2021	n/a	n/a	US$31m
Dec 31 2020	US$809k	US$476k	US$24m
Sep 30 2020	n/a	n/a	US$22m
Jun 30 2020	n/a	n/a	US$22m
Mar 31 2020	n/a	n/a	US$25m
Dec 31 2019	US$784k	US$457k	US$27m
Sep 30 2019	n/a	n/a	US$26m
Jun 30 2019	n/a	n/a	US$25m
Mar 31 2019	n/a	n/a	US$19m
Dec 31 2018	US$612k	US$380k	US$18m
Sep 30 2018	n/a	n/a	US$12m
Jun 30 2018	n/a	n/a	US$9m
Mar 31 2018	n/a	n/a	US$7m
Dec 31 2017	US$752k	US$323k	US$5m

Compensation vs Market: Billy's total compensation ($USD1.09M) is below average for companies of similar size in the US market ($USD2.37M).

Compensation vs Earnings: Billy's compensation has been consistent with company performance over the past year.

CEO

Billy Carroll (54 yo)

8.7yrs

Tenure

US$1,086,938

Compensation

Mr. William Young Carroll, Jr. also known as Billy, serves as Director at Federal Reserve Bank of Atlanta since January 2024. He is the President and Chief Executive Officer of SmartBank. He serves as Pres...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
William Carroll	President	8.7yrs	US$1.09m	0.92% $ 3.3m
Ronald Gorczynski	Executive VP & CFO	4.9yrs	US$525.88k	0.094% $ 334.0k
Cynthia Cain	Executive VP & Chief Accounting Officer	no data	US$369.42k	0.042% $ 149.7k
Rhett Jordan	Executive VP & Chief Credit Officer of SmartBank	11.3yrs	US$504.79k	0.069% $ 245.4k
Nathan Strall	Head of Investor Relations	no data	no data	no data
Kelley Fowler	Senior VP and Director of Marketing & Public Relations - SmartBank	no data	no data	no data
Rebecca Boyd	Executive VP & Chief People Officer	3.5yrs	no data	0.044% $ 156.5k
Gary Petty	Executive VP & Chief Risk Officer	no data	US$160.00k	0.11% $ 397.9k
Travis Lytle	Senior VP and Director of Community Development & Community Reinvestment Act Officer	no data	no data	no data
Monty Hatcher	Executive Vice President	no data	no data	no data
Robbie Washington	Senior VP	1.1yrs	no data	no data
Martin Schrodt	Executive VP & Chief Banking Officer	no data	no data	0.012% $ 41.7k

4.9yrs

Average Tenure

51yo

Average Age

Experienced Management: SMBK's management team is considered experienced (4.9 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
William Carroll	President	14.3yrs	US$1.09m	0.92% $ 3.3m
Wesley Welborn	Chairman of the Board	18.6yrs	US$584.50k	0.80% $ 2.8m
Geoffrey Wolpert	Independent Director	14.3yrs	US$86.00k	1.22% $ 4.3m
John Presley	Independent Director	3.3yrs	US$71.00k	0.27% $ 969.7k
William Carroll	Vice Chairman of the Board	14.3yrs	US$281.86k	0.18% $ 633.0k
Cathy Ackermann	Independent Director	2.2yrs	US$80.00k	0.088% $ 312.5k
Victor Barrett	Independent Director	14.3yrs	US$99.00k	0.91% $ 3.3m
Ted Miller	Independent Director	14.3yrs	US$84.00k	0.83% $ 3.0m
David Ogle	Lead Independent Director	14.3yrs	US$105.00k	1.36% $ 4.8m
Keith Whaley	Independent Director	14.3yrs	US$76.00k	0.50% $ 1.8m
Steven Tucker	Independent Director	6.4yrs	US$83.00k	0.39% $ 1.4m

14.3yrs

Average Tenure

67yo

Average Age

Experienced Board: SMBK's board of directors are seasoned and experienced ( 14.3 years average tenure).

SmartFinancial Management

Management criteria checks 4/4

Key information

Recent management updates

SmartFinancial, Inc., Annual General Meeting, May 23, 2024

Insufficient new directors

SmartFinancial, Inc. and SmartBank Announces Resignation of Gregory L. Davis, Executive Vice President and Chief Lending Officer, Effective September 29, 2023

Independent Director recently bought US$100k worth of stock

Independent Director recently sold US$191k worth of stock

Independent Director recently sold US$168k worth of stock

Recent updates

New minor risk - Profit margin trend

First quarter 2024 earnings: EPS exceeds analyst expectations

SmartFinancial, Inc., Annual General Meeting, May 23, 2024

SmartFinancial, Inc. to Report Q1, 2024 Results on Apr 22, 2024

Full year 2023 earnings: EPS misses analyst expectations

New minor risk - Dividend sustainability

Insufficient new directors

Fourth quarter dividend of US$0.08 announced

Full year 2023 earnings: EPS misses analyst expectations

SmartFinancial, Inc. Declares Quarterly Cash Dividend, Payable on February 20, 2024

Price target increased by 9.2% to US$25.36

SmartFinancial, Inc. to Report Q4, 2023 Results on Jan 22, 2024

New minor risk - Insider selling

SmartFinancial (NASDAQ:SMBK) Has Announced A Dividend Of $0.08

Upcoming dividend of US$0.08 per share at 1.5% yield

Consensus EPS estimates fall by 18%

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Price target decreased by 8.6% to US$23.50

SmartFinancial, Inc. to Report Q3, 2023 Results on Oct 23, 2023

SmartFinancial, Inc. and SmartBank Announces Resignation of Gregory L. Davis, Executive Vice President and Chief Lending Officer, Effective September 29, 2023

Upcoming dividend of US$0.08 per share at 1.3% yield

SmartFinancial (NASDAQ:SMBK) Has Announced A Dividend Of $0.08

Price target increased by 9.4% to US$26.43

SSmartFinancial, Inc. Approves Quarterly Cash Dividend, Payable on August 28, 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

SmartFinancial, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Here's Why We Think SmartFinancial (NASDAQ:SMBK) Is Well Worth Watching

SmartFinancial, Inc. to Report Q2, 2023 Results on Jul 24, 2023

Independent Director recently bought US$100k worth of stock

Upcoming dividend of US$0.08 per share at 1.6% yield

SmartFinancial (NASDAQ:SMBK) Is Due To Pay A Dividend Of $0.08

Price target decreased by 9.2% to US$24.67

Price target decreased by 7.4% to US$27.17

Full year 2022 earnings: EPS exceeds analyst expectations

Investor sentiment deteriorates as stock falls 19%

Upcoming dividend of US$0.08 per share at 1.0% yield

Consensus EPS estimates fall by 12%

SmartFinancial, Inc. Declares Quarterly Cash Dividend, Payable on February 27, 2023

Price target decreased by 8.7% to US$29.83

Full year 2022 earnings: EPS exceeds analyst expectations

SmartFinancial, Inc. to Report Q4, 2022 Results on Jan 23, 2023

SmartFinancial Approves Regular Quarterly Cash Dividend, Payable on November 29, 2022

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

SmartFinancial, Inc. Reports Net Charge-Offs for the Three Months Ended September 30, 2022

SmartFinancial, Inc. to Report Q3, 2022 Results on Oct 24, 2022

Independent Director recently sold US$191k worth of stock

Upcoming dividend of US$0.07 per share

SmartFinancial, Inc. Declares Regular Quarterly Cash Dividend, Payable on August 29, 2022

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

SmartFinancial, Inc. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

SmartFinancial Non-GAAP EPS of $0.61 misses by $0.02, revenue of $40.29M misses by $0.63M

SmartFinancial, Inc. to Report Q2, 2022 Results on Jul 25, 2022

Independent Director recently sold US$168k worth of stock

Upcoming dividend of US$0.07 per share

Consensus EPS estimates increase by 13%

First quarter 2022 earnings: EPS misses analyst expectations

SmartFinancial, Inc., Annual General Meeting, May 26, 2022

SmartFinancial, Inc. to Report Q1, 2022 Results on Apr 25, 2022

Full year 2021 earnings: EPS misses analyst expectations

Chairman of the Board exercised options to buy US$191k worth of stock.

SmartFinancial, Inc. Appoints Cathy G. Ackermann as Director

SmartFinancial (NASDAQ:SMBK) Is Paying Out A Larger Dividend Than Last Year

SmartFinancial, Inc. Increases Quarterly Cash Dividend, Payable on February 28, 2022

Full year 2021 earnings: EPS misses analyst expectations

SmartFinancial (NASDAQ:SMBK) Has Re-Affirmed Its Dividend Of US$0.06

Third quarter 2021 earnings released: EPS US$0.62 (vs US$0.42 in 3Q 2020)

SmartFinancial, Inc. (NasdaqCM:SMBK) completed the acquisition of Sevier County Bancshares, Inc. (OTCPK:SVRH) (“SCB”) from Spence Limited LP and others.

SmartFinancial (NASDAQ:SMBK) Has Announced A Dividend Of US$0.06

Upcoming dividend of US$0.06 per share