Core Viewpoint - Wall Street anticipates flat earnings for FB Financial (FBK) compared to the previous year, with a consensus EPS estimate of $0.85 and revenues expected to rise by 18.7% to $127.54 million [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for April 14, and stock movement may depend on whether actual results exceed or fall short of expectations [2]. - A positive Earnings ESP of +0.78% indicates analysts have recently become more optimistic about the company's earnings prospects [10]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, reflecting a stable outlook from covering analysts [4]. - The Most Accurate Estimate being higher than the Zacks Consensus Estimate suggests a bullish sentiment among analysts [10]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1, 2, or 3 [8]. - FB Financial currently holds a Zacks Rank of 2, reinforcing the likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, FB Financial exceeded the expected EPS of $0.84 by delivering $0.85, resulting in a surprise of +1.19% [12]. - The company has successfully beaten consensus EPS estimates in all of the last four quarters [13]. Conclusion - While FB Financial is positioned as a compelling earnings-beat candidate, other factors should also be considered when evaluating the stock ahead of its earnings release [16].

Core Viewpoint - FB Financial Corporation and Southern States Bancshares, Inc. have entered into a definitive merger agreement, with Southern States being merged into FB Financial, enhancing FB Financial's market presence and growth potential in key areas [1][6]. Company Overview - FB Financial Corporation is headquartered in Nashville, Tennessee, operating through FirstBank with 77 branches across Tennessee, Alabama, Kentucky, and North Georgia, and has total assets of approximately $13.2 billion as of December 31, 2024 [10]. - Southern States Bancshares, Inc. is based in Anniston, Alabama, with 15 branches in Alabama and Georgia, and two loan production offices in the Atlanta MSA, reporting total assets of $2.8 billion, loans of $2.2 billion, and deposits of $2.4 billion as of December 31, 2024 [2][11]. Merger Details - Under the merger agreement, Southern States' shareholders will receive 0.800 shares of FB Financial common stock for each share of Southern States stock, valuing the transaction at approximately $381 million based on FB Financial's closing stock price of $47.05 as of March 28, 2025 [4]. - The merger is expected to close in late Q3 or early Q4 of 2025, pending regulatory approvals and shareholder consent [6]. Leadership and Integration - Both companies' CEOs expressed enthusiasm for the merger, highlighting cultural alignment and the potential benefits for shareholders and customers [3]. - Key executives from Southern States, including its President and CFO, will retain significant roles in the combined entity, ensuring continuity and integration of operations [3]. Financial Advisors - Keefe, Bruyette, & Woods, Inc. acted as financial advisor for FB Financial, while Performance Trust Capital Partners, LLC served as financial advisor for Southern States [7].

Financial Overview - As of December 31, 2024, FB Financial Corporation had total assets of $13.16 billion, loans held for investment of $9.60 billion, total deposits of $11.21 billion, and total common shareholders' equity of $1.57 billion[19]. - As of June 30, 2024, FB Financial Corporation ranked 6th among the top 10 banks in Tennessee with total deposits of $9.0 billion and a market share of 4.1%[32]. - As of December 31, 2024, the bank maintained sufficient capital to qualify as "well capitalized" under applicable regulations, with a total risk-based capital ratio of 10% or greater[96]. - The Bank's legal lending limits were approximately $211.6 million (15%) and $352.6 million (25%) based on its Tier 1 capital as of December 31, 2024[48]. Market Presence and Expansion - The Nashville metropolitan area accounted for approximately 41.5% of total deposits, with a market share of 4.7% as of June 30, 2024[34]. - The company announced expansions into the Tuscaloosa, Alabama and Asheville, North Carolina markets during 2024[19]. - The Nashville MSA has become the largest market for the company, with significant growth in both deposits and loans[35]. - The company operates 77 full-service bank branches and several limited service banking locations across its footprint[19]. - As of December 31, 2024, the company operates 77 full-service bank branches and 8 limited service branch locations across multiple states, with a total of 12 mortgage offices[217]. Risk Management - The Bank employs a risk management infrastructure that includes local authority, centralized policymaking, and a system of checks and balances to maintain sound credit quality standards[41]. - The Bank's comprehensive risk management framework is designed to address multiple areas of risk, including credit risk, interest rate risk, and operational risk[50]. - The Credit Risk Committee of the Board of Directors monitors the integrity of the loan portfolio and has the authority to approve credit policies and risk limits[55]. - The Bank's loan approval process is characterized by local authority supported by a control environment for prompt and thorough underwriting of loans[43]. - The Bank's liquidity planning framework focuses on robust forecasting and risk management to ensure predictable funding needs and availability[62]. Community Engagement and Workplace Culture - The company has been recognized as one of Middle Tennessee's Top Workplaces for ten consecutive years, reflecting its commitment to fostering a positive culture[71]. - The company achieved an overall participation rate of 88% in its first all-associate engagement survey, providing valuable insights for future initiatives[72]. - In 2024, associates dedicated over 9,400 hours to volunteer activities benefiting local organizations, reflecting the company's commitment to community engagement[73]. - The Management-to-Leadership Development Series graduated 118 associates, enhancing their leadership skills and aligning personal goals with company objectives[74]. - The company contributed an average of 70% towards total medical premium costs, mitigating rising medical premiums for associates[78]. - The company is committed to fostering a diverse and inclusive workplace, recognizing the strength in the richness of differences among associates[76]. Technology and Operational Efficiency - The company aims to improve efficiency by leveraging technology and scaling operations, investing significantly in personnel and infrastructure[38]. - Key technology upgrades included the implementation of AI-based monitoring tools and enhancements to network infrastructure, aimed at improving operational efficiency and risk management[82]. - The company plans to focus on maximizing existing technology investments while supporting its strategic improvement plan, FirstBank Way, to enhance scalability and efficiency[83]. Regulatory Environment - The company is subject to regulatory capital rules that limit its ability to pay dividends, requiring prior approval from the Federal Reserve under certain conditions[97]. - The Bank is subject to various federal and state consumer protection laws, ensuring compliance through established controls and annual employee training[118]. - The Bank's incentive compensation policies must align with safety and soundness principles, balancing risk and reward[108]. - The FDIC has the authority to terminate the Bank's deposit insurance if it engages in unsafe practices, with depositors' claims prioritized in receivership[104]. - Future legislative developments may significantly impact the banking environment, with potential changes to the Dodd-Frank Act and other regulations being discussed[123]. Loan Portfolio and Credit Risk - As of December 31, 2024, approximately 77% of the loan portfolio consisted of loans with real estate as a primary or secondary component of collateral[134]. - Commercial real estate loans accounted for 36%, commercial and industrial loans for 18%, and construction loans for 11% of the loan portfolio as of December 31, 2024[136]. - The company maintains an allowance for credit losses, which is sensitive to changes in macroeconomic forecasts and may require increases based on economic conditions[129]. - A significant portion of the loan portfolio is exposed to risks from the real estate market, which could lead to increased non-performing loans and losses during economic downturns[135]. - Approximately 69% of loans and 72% of deposits are concentrated in Tennessee, making the company vulnerable to regional economic downturns[144]. - Changes in interest rates could adversely affect net interest income, which is crucial for the company's earnings and financial condition[146]. - The company faces credit risk from commercial real estate loans, which are more difficult to liquidate and may involve larger loan balances[136]. - The company is subject to regulatory scrutiny regarding commercial real estate lending, which may require improved risk management policies[137]. Economic and Competitive Challenges - Economic conditions, competition, and the ability to generate deposits may limit the company's ability to grow its loan portfolio[142]. - The imposition of tariffs and trade restrictions may adversely impact the company's customers, potentially affecting their ability to service debt and, in turn, the company's financial condition[152]. - Uncertain political and financial market conditions may increase future borrowing costs for the company[157]. - The company may incur significant costs from litigation and regulatory actions, which could adversely affect its financial condition[174]. - The company operates primarily in Tennessee, particularly in the highly competitive Nashville MSA, where it faces competition from larger national and regional banks[197]. Cybersecurity and Operational Risks - Cybersecurity threats have increased, with potential liabilities arising from breaches of the company's or its vendors' systems, impacting customer trust and financial performance[185]. - The company has implemented a risk management framework to address various risks, but its effectiveness may not be guaranteed under all circumstances[179]. - The company is exposed to operational risks, including employee fraud and errors, which could lead to financial losses and regulatory sanctions[189]. - The company relies heavily on third-party vendors for critical services, which poses risks if these vendors fail to perform adequately[176]. - The company has implemented a comprehensive cybersecurity strategy, overseen by the Risk Committee, to safeguard information systems and data integrity[209]. - Cybersecurity risk management is integrated into the company's broader risk management framework, with key risk indicators reported quarterly[211]. Strategic Initiatives and Future Outlook - The company intends to pursue acquisitions and consolidation opportunities within core markets, facing competitive challenges in identifying suitable targets[193]. - The company acknowledges substantial risks and uncertainties associated with implementing or acquiring new lines of business, products, and services, with no guarantee of success or expected benefits[200]. - The shift towards alternative financial transaction methods may lead to a loss of fee income and customer deposits, adversely affecting the company's financial condition and liquidity[203]. - The company relies on the accuracy and completeness of customer information for credit decisions, and any inaccuracies could negatively impact its financial condition and operations[204]. - Negative public opinion and reputational risks could adversely affect the company's ability to attract and retain customers, impacting earnings and stock price[205]. - Developments in the banking industry, such as bank failures, may erode client confidence and lead to market volatility, negatively impacting the company's liquidity and results of operations[206].

FB Financial (FBK) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

Core Viewpoint - FB Financial Corporation, based in Nashville, Tennessee, has been operational since 1906 and primarily conducts business through its wholly-owned subsidiary, FirstBank, offering a wide range of commercial and consumer banking services [1] Group 1: Company Overview - FB Financial Corporation operates through its subsidiary, FirstBank, providing extensive banking services [1] - The company has a long history dating back to 1906, indicating stability and experience in the banking sector [1] Group 2: Research Principles - Grassroots Trading emphasizes objective, unbiased, and balanced research, focusing on small- to mid-cap companies while also identifying opportunities in larger companies [1]

Financial Data and Key Metrics - The company's earnings release, supplemental financial information, and presentation are available on the Investor Relations page of the company's website and on the SEC's website [2] - The call is being recorded and will be available for replay on the company's website approximately an hour after the conclusion of the call [3] Forward-Looking Statements - The company may make forward-looking statements during the presentation, which are based on management's current expectations and assumptions [4] - These statements are subject to risks, uncertainties, and other factors that may cause actual results to differ materially from those expressed or implied [4] - A detailed description of these risks is contained in the company's filings with the SEC [4] Q&A Session - The call will be open for questions after the presentation [3]

FB Financial (FBK) reported $130.38 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 12%. EPS of $0.85 for the same period compares to $0.77 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $130.52 million, representing a surprise of -0.11%. The company delivered an EPS surprise of +1.19%, with the consensus EPS estimate being $0.84.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

2024 Fourth Quarter Earnings Presentation January 21, 2025 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 ...

FB Financial (FBK) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.77 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.19%. A quarter ago, it was expected that this bank holding company would post earnings of $0.82 per share when it actually produced earnings of $0.86, delivering a surprise of 4.88%.Over the last four quarters, the c ...