Smartfinancial (SMBK) risk factors
Item 1A of every Smartfinancial Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors32 risks1 new2 dropped5 reworded
Real estate loan exposure increased slightly to 80% of total loans and leases by December 31, 2025. Top ten borrower concentration decreased from 9% to 7% of total loans. Mortgage banking risks now explicitly highlight secondary market sales and unpredictable Federal Reserve rate decisions.
Filed Mar 16, 2026 - FY2024 10-K risk factors33 risks
Interest rate changes by the Federal Reserve heavily impact net interest income and mortgage banking revenues. Geographic concentration in Tennessee, Alabama, and Florida links financial results to local economic conditions. Commercial real estate loans and large borrower relationships present concentration risks to asset quality.
Filed Mar 17, 2025