They tale ends as it began, with Bilbo and Gandalf alone.
Thorin Oakenshield: Thorin is the leader of the dwarves and heir to the title 'King under the Mountain.' He has not seen Lonely Mountain since his people were pushed from it when he was but a child. Although the dwarves look to him for leadership, he really provides very little until the end. It is Gandalf and Bilbo that lead the group across the world to Lonely Mountain. Thorin shows himself to be nothing but stubborn. He refuses to make good with the Elvenking. When they get to the mountain, he wants Bilbo to go in first and does not enter the lair himself until he sees that everyone else is all right. His worst moments come near the end of the tale, when he refuses to make a treaty with the men and elves, and he threatens Bilbo. It is only in death that he sees the error of his ways and apologizes.
Smaug: Smaug is the dragon of Lonely Mountain and the antagonist of the tale. He is the feared end of the journey. Although he is not present for most of the story, his existence looms. His attack on Lonely Mountain displaced an entire people and several towns. His death comes at the hands of Bard, a noble descendant of the people of Dale. His conversations with Bilbo expose him as an arrogant and hateful beast who loves treasure only for the sake of having it.
Minor Charactors:.
Dwalin: The first of the fourteen dwarves to come to Bilbo's house. He is the third most important of the dwarves after Thorin and Balin.
Balin: Balin is the second in command of the dwarves. Whenever Thorin is not present, he makes the decisions.
Kili: One of the two youngest dwarves, Kili is almost always shown doing something alongside Fili. The pair are practically inseparable. They die together in the battle at the end of the novel.
Fili: Another of the two youngest dwarves, Fili is almost always shown doing something alongside Kili. The pair are practically inseparable.