Core Viewpoint - FB Financial Corporation (FBK) is a significant entity in the financial services sector, recognized for its regional presence and customer service commitment, while competing with other financial institutions to grow its market share and customer base [1] Group 1: Financial Performance - Piper Sandler has set a price target of $65 for FBK, suggesting a potential upside of approximately 7% from its current trading price of $60.75 [2][6] - FBK's recent Q4 2025 earnings call provided insights into the company's financial health, which is crucial for assessing its ability to meet the price target [3][6] - The stock is currently priced at $60.75, reflecting a decrease of 1.41% with a change of -$0.87, indicating market volatility [4][6] Group 2: Market Metrics - FBK's market capitalization is approximately $3.25 billion, with a trading volume of 428,445 shares, highlighting its substantial market presence and investor interest [5] - The stock has shown significant fluctuations over the past year, with a high of $62.37 and a low of $38.83, showcasing its market volatility [4][6]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - FB Financial Corporation announced a quarterly cash dividend increase to $0.21 per share, marking a $0.02 increase from the previous dividend [1] Dividend Announcement - The declared dividend is the 32nd consecutive dividend paid by the company [1] - The dividend will be payable on February 24, 2026, to shareholders of record as of February 10, 2026 [1] Leadership Commentary - Christopher T. Holmes, President and CEO, highlighted the board's decision to increase the dividend as a positive indicator of the company's financial health [1]

Core Insights - FB Financial reported an EPS of $1.07 and an adjusted EPS of $1.16 for the quarter, with a tangible book value growth of 11.6% since its IPO [5][6] - The company achieved a pretax, pre-provision net revenue of $71.1 million, driven by net interest income of $150.6 million and a net interest margin of 3.98% [5][11] - For the year, FB Financial reported a net income of $122.6 million and an adjusted net income of over $200 million [11] Financial Performance - The company experienced a 29% growth in loans held for investment and a 25% increase in deposits year over year [6][15] - Adjusted returns included a return on average assets of 1.4% and a return on average tangible common equity of 14.4% [6] - Non-interest income improved due to stronger swap fees and investment services revenue [11] Growth Strategy - FB Financial's growth strategy focuses on enhancing customer experience and expanding capabilities through talent acquisition and organizational optimization [7][9] - The company aims to return to a high single-digit growth rate in 2026, despite some underperformance in organic growth during 2025 [15][19] - The management emphasized a strong focus on customer relationships to drive business growth [9][10] M&A and Market Position - FB Financial successfully acquired Southern States Bank, which added approximately 20% to its size [10][11] - The company is open to evaluating additional M&A opportunities, particularly in the Southeastern U.S. and contiguous states [61][62] - Management noted significant market disruption, creating opportunities for growth and talent acquisition [50][52] Expense Management - Non-interest expenses for the quarter were reported at $107.6 million, with merger and integration costs expected to conclude by the end of Q1 2026 [12][19] - The company anticipates banking expenses to be between $325 million and $335 million for the full year 2026 [19] - FB Financial is focused on maintaining operational discipline while being open to strategic investments in talent [38][39] Credit Quality - The provision expense for the quarter was $1.2 million, reflecting low charge-offs and stable credit outlook [13] - The allowance for loan losses settled at $186 million, representing 1.5% of loans held for investment [13] - Non-performing assets increased slightly, but loss content remains low with annualized net charge-offs at only five basis points [13]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported EPS of $1.07 and adjusted EPS of $1.16, with a full-year EPS of $2.45 and adjusted EPS of $3.99 [7][10] - The pre-tax pre-provision net revenue for the quarter was $71.1 million, or $77.1 million on an adjusted basis, driven by net interest income of $150.6 million and a net interest margin of 3.98% [9][10] - The company achieved a return on average assets of 1.4% and a return on average tangible common equity of 14.4% for the quarter [9] Business Line Data and Key Metrics Changes - Loans held for investment grew by 29% year-over-year, while deposits increased by 25% [10][25] - The net interest margin expanded by three basis points compared to Q3, despite Fed rate cuts and lower loan yields [19] - Non-interest income improved due to stronger swap fees and investment services revenue [20] Market Data and Key Metrics Changes - The company experienced a slight increase in non-performing assets, but overall credit outlook remains stable with annualized net charge-offs at only five basis points [22] - The company reported loan growth of $86 million and total deposit growth of $97 million for the quarter, both approximately 3% on an annualized basis [23] Company Strategy and Development Direction - The company aims to focus on customer relationships to enhance service and product offerings, which is seen as a winning formula for growth in 2026 [15][16] - The company is optimistic about growth opportunities in 2026, both organically and through potential acquisitions, following the successful integration of Southern States Bank [11][17] - The company plans to maintain a mid to high single-digit growth rate in loans and deposits for 2026 [29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate earnings and financial returns that meet expectations, with a focus on enhancing customer experience [12][14] - The management acknowledged challenges in organic growth due to economic conditions and distractions from acquisitions but remains bullish about future growth prospects [14][18] Other Important Information - The company repurchased over 1.7 million shares, representing about 3% of the company, as part of a transaction with its largest shareholder [26][27] - The company expects net interest margin to land between 3.78% and 3.83% in Q1 2026, with a full-year margin consistent with current levels [28] Q&A Session Summary Question: Anticipation of additional share repurchases from the Ayers estate - Management does not anticipate any additional share repurchases from the Ayers estate based on current conversations [35] Question: Is mortgage banking on the right path? - Mortgage banking had a good year, with volume remaining stable and contributions turning positive, indicating the platform is on the right track [36][38] Question: Current M&A climate and optimism for additional deals - Management noted a lot of conversations in the industry regarding M&A, and while they will evaluate opportunities, customer focus remains a priority [40][42] Question: Loan growth and elevated paydowns - Elevated paydowns were noted in Q4, but management expects to achieve high single-digit growth without needing to hire additional staff [52][53] Question: Expense run rate and changes to compensation structure - Non-run rate expenses were identified, and management reiterated their expense guidance for 2026, indicating a disciplined approach to hiring and expenses [62][64] Question: Loan pipeline and client sentiment - The loan pipeline is strong, with clients showing positive sentiment and a willingness to invest in new projects [99][100]

Financial Data and Key Metrics Changes - The company reported EPS of $1.07 and adjusted EPS of $1.16 for the quarter, with annual EPS of $2.45 and adjusted EPS of $3.99 [7][10] - Pre-tax pre-provision net revenue was $71.1 million, or $77.1 million on an adjusted basis, with net interest income of $150.6 million and a net interest margin of 3.98% [9][10] - The company achieved a return on average assets of 1.4% and a return on average tangible common equity of 14.4% [9] Business Line Data and Key Metrics Changes - Loans held for investment grew by 29% year-over-year, while deposits increased by 25% [10][24] - Non-interest income improved due to stronger swap fees and investment services revenue [20] - The banking core non-interest expense totaled $88 million for the quarter and $298 million for the full year [21] Market Data and Key Metrics Changes - The company experienced a slight increase in non-performing assets, but annualized net charge-offs remained low at five basis points [22] - Loan growth for the quarter was $86 million, and total deposit growth was $97 million, both approximately 3% on an annualized basis [23] Company Strategy and Development Direction - The company aims to focus on customer relationships to enhance growth and improve service offerings [15][16] - There is an expectation for a return to high single-digit growth rates in 2026, driven by organic growth and market share expansion [26][30] - The company is open to evaluating M&A opportunities, particularly in the Southeast and Carolinas, targeting institutions with assets between a couple of billion to six or seven billion [92][96] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about growth opportunities in 2026, despite some underperformance in organic growth due to economic conditions and distractions from acquisitions [14][18] - The company is focused on maintaining a strong customer experience and adapting to market changes, with a long-term view on growth [84][88] Other Important Information - The company repurchased over 1.7 million shares, representing about 3% of its stock, as part of a transaction with its largest shareholder [26][27] - The net interest margin is expected to remain stable between 3.78% and 3.83% in the first quarter of 2026 [28] Q&A Session Summary Question: Anticipation of additional share repurchases from the Ayers estate - Management does not anticipate further share repurchases from the Ayers estate based on current conversations [35] Question: Is mortgage banking on the right path? - Mortgage banking had a positive year, with volume remaining stable and contributions improving significantly [36][38] Question: Current M&A climate and optimism for additional deals - Management noted a lot of conversations in the industry regarding M&A, and they will continue to evaluate opportunities as they arise [40][42] Question: Loan growth and elevated paydowns - Elevated paydowns were noted in the fourth quarter, but management expects to achieve high single-digit growth without needing to hire additional staff [49][52] Question: Expense run rate and changes to compensation structure - Non-run rate expenses were identified, and management reiterated their expense guidance for 2026, indicating a focus on maintaining discipline [59][62] Question: Loan pipeline and client sentiment - The loan pipeline is strong, with clients showing positive sentiment and a willingness to invest in new projects [99][100]

FB Financial (NYSE:FBK) Q4 2025 Earnings call January 22, 2026 09:00 AM ET Speaker5Good morning, everyone, and welcome to the FB Financial Fourth Quarter 2025 earnings call. Please note today's event is being recorded. This time, I'd like to turn the conference call over to Mike Orcutt with FB Financial. Please go ahead.Speaker7Good morning and welcome to FB Financial Corporation's Fourth Quarter 2025 earnings conference call. Hosting the call today from FB Financial are Chris Holmes, President and Chief Ex ...

2025 Fourth Quarter Earnings Presentation January 22, 2026 Forward–looking statements Certain statements contained in this Presentation that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company's future plans, results, strategies, and expectations, including expectations around changing economic markets. These statemen ...

Core Financial Performance - FB Financial reported revenue of $178.6 million for the quarter ended December 2025, representing a 37% increase year-over-year [1] - Earnings per share (EPS) for the quarter was $1.16, up from $0.85 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $174.93 million by 2.1% [1] Key Metrics Analysis - Core Efficiency Ratio was 56.3%, higher than the estimated 52.6% by analysts [4] - Net Interest Margin stood at 4%, slightly above the estimated 3.9% [4] - Average Earning Assets were $15.04 billion, below the average estimate of $15.19 billion [4] Income and Charges - Mortgage banking income reached $13.51 million, surpassing the estimated $11.66 million [4] - Total Noninterest income was $28.8 million, exceeding the average estimate of $26.42 million [4] - Net interest income (tax-equivalent basis) was reported at $150.64 million, slightly above the estimate of $150.43 million [4] Stock Performance - FB Financial shares returned +3.3% over the past month, while the Zacks S&P 500 composite decreased by -0.4% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Core Viewpoint - FB Financial (FBK) reported quarterly earnings of $1.16 per share, exceeding the Zacks Consensus Estimate of $1.14 per share, and showing a significant increase from $0.85 per share a year ago, indicating strong financial performance [1] Financial Performance - The company posted revenues of $178.6 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.10%, compared to $130.38 million in the same quarter last year [2] - FB Financial has surpassed consensus EPS estimates two out of the last four quarters and topped consensus revenue estimates three times in the same period [2] Stock Performance - FB Financial shares have increased approximately 4.9% since the beginning of the year, while the S&P 500 has declined by 0.7%, indicating outperformance relative to the broader market [3] Future Outlook - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $1.13 for the coming quarter and $4.73 for the current fiscal year [7] - The Zacks Rank for FB Financial is currently 3 (Hold), suggesting that the stock is expected to perform in line with the market in the near future [6] Industry Context - The Banks - Northeast industry, to which FB Financial belongs, is currently ranked in the top 34% of over 250 Zacks industries, indicating a favorable industry outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor decisions [5]