SmartFinancial Announces $10M Share Buyback Program

The bank plans to repurchase up to 1.5% of its outstanding shares.

Jan. 30, 2026 at 9:47pm

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SmartFinancial (NASDAQ:SMBK), a bank holding company headquartered in Knoxville, Tennessee, has announced that its Board of Directors has authorized a $10 million share repurchase program. The buyback will allow the company to repurchase up to 1.5% of its outstanding shares through open market transactions.

Why it matters

Share buyback programs are often seen as a sign that a company's management believes its stock is undervalued. This move by SmartFinancial could indicate the bank's confidence in its future prospects and its commitment to enhancing shareholder value.

The details

The $10 million share repurchase program will allow SmartFinancial to buy back up to 1.5% of its outstanding shares. The buybacks will be conducted through open market transactions. This type of program is commonly used by companies to return capital to shareholders and signal management's belief that the stock is trading at a discount to its intrinsic value.

  • SmartFinancial's Board of Directors authorized the share buyback program on January 30, 2026.

The players

SmartFinancial, Inc.

A bank holding company headquartered in Knoxville, Tennessee, operating through its primary subsidiary, SmartBank. The company provides a full suite of banking and financial services to individuals, small and middle-market businesses, and public entities across its regional footprint.

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What’s next

The company has not provided a specific timeline for the completion of the share repurchase program.

The takeaway

SmartFinancial's decision to initiate a $10 million share buyback program suggests the bank's management believes its stock is undervalued and presents an attractive investment opportunity for the company. This move could help enhance shareholder value and signal the bank's confidence in its future growth prospects.