Total Assets and Deposits - Total assets increased to $13,157,482 thousand in Dec 2024, up from $12,920,222 thousand in Sep 2024[7] - Total deposits grew to $11,210,434 thousand in Dec 2024, from $10,976,211 thousand in Sep 2024[7] - Total assets increased by 4.39% to $13.16 billion in Dec 2024 compared to $12.60 billion in Dec 2023[14] - Total deposits grew by 6.28% to $11.21 billion in Dec 2024 from $10.55 billion in Dec 2023[14] - Total assets slightly increased to $12,725,748 in 2024 from $12,668,834 in 2023[27] - Total assets increased to $13,157,482 in Dec 2024, up from $12,604,403 in Dec 2023[63] Net Interest Income and Margin - Net interest income rose to $108,381 thousand in Dec 2024, compared to $106,017 thousand in Sep 2024[7] - Net interest margin (NIM) on a tax-equivalent basis was 3.50% in Dec 2024, compared to 3.55% in Sep 2024[7] - Net interest income rose by 2.23% to $108,381 in Dec 2024 compared to Sep 2024, and by 7.21% compared to Dec 2023[10] - Net interest income rose by 2.28% to $416.5 million in Dec 2024 from $407.2 million in Dec 2023[12] - Net interest income rose to $109,004 thousand from $106,634 thousand in the prior quarter, reflecting a net interest margin of 3.50% compared to 3.55% previously[16] - Net interest income for Q2 2024 increased to $103.254 million, up from $100.199 million in Q1 2024 and $101.924 million in Q4 2023[21] - Net interest margin (NIM) improved to 3.57% in Q2 2024, compared to 3.42% in Q1 2024 and 3.46% in Q4 2023[21] - Net interest income rose to $419,091 in 2024 from $410,562 in 2023, with a net interest margin of 3.51% compared to 3.44% in 2023[27] - Net interest income (tax equivalent basis) increased to $109.0 million in Q4 2024 from $101.9 million in Q4 2023[58] - Banking segment net interest income (tax-equivalent basis) for Q4 2024 was $107.416 million, up from $104.952 million in Q3 2024[60] Net Income and Earnings - Net income applicable to FB Financial Corporation was $37,886 thousand in Dec 2024, up from $10,220 thousand in Sep 2024[7] - Net income applicable to FB Financial Corporation surged by 270.7% to $37,886 in Dec 2024 compared to Sep 2024, and by 29.0% compared to Dec 2023[10] - Net income applicable to FB Financial Corporation decreased by 3.48% to $116.0 million in Dec 2024 from $120.2 million in Dec 2023[12] - Adjusted net income for Dec 2024 was $39.8 million, up from $36.2 million in Dec 2023[54] - Adjusted tangible net income for the year ended Dec 2024 was $161.5 million, up from $143.7 million in 2023[56] - Net income for Dec 2024 was $37,886, compared to $29,369 in Dec 2023[66] - Adjusted tangible net income for the year ended Dec 2024 was $161,460, compared to $143,738 in Dec 2023[66] Loans and Credit Quality - Nonperforming loans HFI as a percentage of loans HFI decreased to 0.87% in Dec 2024, down from 0.96% in Sep 2024[7] - Loans held for investment increased by 2.06% to $9.60 billion in Dec 2024 from $9.41 billion in Dec 2023[14] - Loans HFI (Held for Investment) averaged $9,522,996 thousand with an interest income of $155,897 thousand, yielding 6.51%, slightly down from 6.70% in the previous quarter[16] - Loans HFI (Held for Investment) yield increased to 6.70% in Q2 2024, up from 6.64% in Q1 2024 and 6.59% in Q4 2023[21] - Loans HFI (Held for Investment) average balances increased to $9,384,458 in 2024 from $9,335,977 in 2023, with an average yield of 6.64% compared to 6.38% in 2023[27] - Allowance for credit losses on loans HFI at the end of the period was $151,942, representing 1.58% of loans HFI, a decrease from 1.65% in the previous quarter[41] - Total charge-offs for the quarter were $12,010, with Commercial and Industrial charge-offs accounting for $10,921[41] - Total recoveries for the quarter were $673, with Commercial and Industrial recoveries contributing $371[41] - Total nonperforming assets increased to $121,915, representing 0.93% of total assets, up from 0.99% in the previous quarter[41] Capital and Equity Ratios - Total common shareholders' equity to assets ratio was 11.9% in Dec 2024, slightly down from 12.1% in Sep 2024[7] - Tier 1 leverage ratio remained stable at 11.3% in Dec 2024, consistent with Sep 2024[7] - Total common shareholders' equity rose by 7.75% to $1.57 billion in Dec 2024 compared to $1.45 billion in Dec 2023[14] - Total common shareholders' equity grew to $1,505,739 in 2024 from $1,374,831 in 2023[27] - Tangible Common Equity to Tangible Assets ratio improved to 10.2%, up from 9.74% in the previous year[47] - Common Equity Tier 1 Capital ratio increased to 12.8%, up from 12.2% in the previous year[47] - Total Risk-Based Capital ratio rose to 15.2%, up from 14.5% in the previous year[47] - Tangible common equity rose to $1,319,215 in Dec 2024, compared to $1,203,524 in Dec 2023[63] - Book value per common share grew to $33.59 in Dec 2024 from $31.05 in Dec 2023[63] - Tangible book value per common share increased to $28.27 in Dec 2024 from $25.69 in Dec 2023[63] Efficiency and Expense Ratios - Efficiency ratio improved to 56.1% in Dec 2024, down from 85.1% in Sep 2024[7] - Total noninterest expense decreased by 3.99% to $73,174 in Dec 2024 compared to Sep 2024, and by 8.76% compared to Dec 2023[10] - Total noninterest expenses decreased by 8.63% to $296.9 million in Dec 2024 from $324.9 million in Dec 2023[12] - Core efficiency ratio for the banking segment improved to 50.2% in Dec 2024 from 56.5% in Dec 2023[50] - Core efficiency ratio (tax equivalent basis) improved to 54.6% in Q4 2024 from 61.7% in Q4 2023[58] - Total noninterest expense decreased to $73.2 million in Q4 2024 from $80.2 million in Q4 2023[58] - Banking segment core efficiency ratio (tax-equivalent basis) improved to 50.2% in Q4 2024 from 54.1% in Q3 2024[60] - Mortgage segment core efficiency ratio (tax-equivalent basis) was 98.3% in Q4 2024, compared to 95.4% in Q3 2024[61] Revenue and Income - Total revenue grew by 45.6% to $130,378 in Dec 2024 compared to Sep 2024, and by 12.0% compared to Dec 2023[10] - Total revenue declined by 4.64% to $455.6 million in Dec 2024 compared to $477.8 million in Dec 2023[12] - Total interest income increased by 0.40% to $186,369 in Dec 2024 compared to Sep 2024, and by 6.60% compared to Dec 2023[10] - Total interest income increased by 6.95% to $725.5 million in Dec 2024 compared to $678.4 million in Dec 2023[12] - Total interest-earning assets increased to $12,374,945 thousand with an average yield of 6.01% for the three months ended December 31, 2024, compared to $11,951,730 thousand and 6.20% in the previous quarter[16] - Total interest-earning assets averaged $11.632 billion in Q2 2024, with a yield of 6.16%, compared to $11.796 billion and 6.03% yield in Q1 2024[21] - Total interest-earning assets increased to $11,939,808 in 2024 from $11,919,312 in 2023, with an average yield of 6.10% compared to 5.72% in 2023[27] - Core revenue (tax-equivalent basis) increased to $514.6 million in 2024 from $497.2 million in 2023[58] - Banking segment total core revenue (tax-equivalent basis) for Q4 2024 was $120.889 million, compared to $117.046 million in Q3 2024[60] - Mortgage segment total revenue for Q4 2024 was $12.274 million, down from $13.555 million in Q3 2024[61] Noninterest Income and Expenses - Total noninterest income (loss) decreased by 233.3% to $21,997 in Dec 2024 compared to Sep 2024, but increased by 43.4% compared to Dec 2023[10] - Total noninterest income decreased by 44.6% to $39.1 million in Dec 2024 from $70.5 million in Dec 2023[12] - Core noninterest income rose to $24.2 million in Q4 2024 from $18.7 million in Q4 2023[58] - Banking segment noninterest income (loss) for Q4 2024 was $11.311 million, a significant improvement from a loss of $28.370 million in Q3 2024[60] - Mortgage segment core noninterest income for Q4 2024 was $10.686 million, compared to $11.863 million in Q3 2024[61] Mortgage Segment Performance - Mortgage segment pre-tax net contribution improved to $262,000 in Dec 2024 from a loss of $2.03 million in Dec 2023[50] - Mortgage loan sales decreased to $287.3 million in Dec 2024 from $327.3 million in Sep 2024[50] - Mortgage sale margin was 2.71% in Dec 2024, down from 2.84% in Sep 2024[50] - Interest rate lock commitments volume decreased to $315.9 million in Dec 2024 from $381.2 million in Sep 2024[50] - Total mortgage banking income was $10.6 million in Dec 2024, down from $11.6 million in Sep 2024[50] - Mortgage segment core noninterest expense for Q4 2024 was $12.061 million, down from $12.927 million in Q3 2024[60] - Mortgage segment net interest income for Q4 2024 was $1.588 million, a slight decrease from $1.682 million in Q3 2024[60] Provisions and Credit Losses - Provision for credit losses on loans HFI surged by 278.2% to $7,019 in Dec 2024 compared to Sep 2024, and by 123.9% compared to Dec 2023[10] - Provisions for credit losses were $7.1 million in Q4 2024, up from $305 thousand in Q4 2023[56] - FDIC special assessment was $500 thousand in 2024, down from $1.8 million in 2023[56] Liquidity and Investment Securities - Total on-balance sheet liquidity reached $1,643,453 million in Dec 2024, compared to $1,353,359 million in Dec 2023[32] - Cash and cash equivalents grew to $1,042,488 million (63% of on-balance sheet liquidity) in Dec 2024, up from $810,932 million (60%) in Dec 2023[32] - Total available-for-sale debt securities increased to $1,538,008 million in Dec 2024, up from $1,471,973 million in Dec 2023, with U.S. government agency securities rising to $563,007 million (36% of total) from $203,956 million (14%)[32] - Residential mortgage-backed securities decreased to $810,999 million (53% of total) in Dec 2024 from $896,971 million (62%) in Dec 2023[32] - Investment securities totaled $1,691,581 thousand with an average yield of 3.87%, up from $1,668,665 thousand and 3.68% in the prior quarter[16] - Investment securities averaged $1.657 billion in Q2 2024, with a yield of 3.29%, compared to $1.641 billion and 2.71% yield in Q1 2024[21] - Investment securities average balances increased to $1,664,649 in 2024 from $1,661,398 in 2023, with an average yield of 3.39% compared to 2.22% in 2023[27] - Average net unrealized losses on investment securities available for sale decreased to $119,243 thousand from $153,838 thousand in the prior quarter[17] Commercial and Industrial Loans - Commercial and industrial loans remained stable at $1,691,213 million (18% of total loans) in Dec 2024, slightly down from $1,720,733 million (18%) in Dec 2023[36] - Unfunded loan commitments for commercial and industrial loans increased to $1,371,413 million (50% of total unfunded loans) in Dec 2024 from $1,262,234 million (44%) in Dec 2023[36] - Total unfunded loan commitments decreased to $2,770,105 million in Dec 2024 from $2,894,687 million in Dec 2023[36] Metropolitan Market Performance - Metropolitan market loans accounted for 82% of total loans in Dec 2024 at $7,934,549 million, up from $7,830,739 million (83%) in Dec 2023[36] - Metropolitan deposits accounted for 73% of total deposits, totaling $8,136,849, an increase from 71% in the previous quarter[43] Consumer Deposits and Uninsured Deposits - Consumer deposits represented 43% of total deposits, totaling $4,853,609, consistent with the previous quarter[43] - Estimated uninsured and uncollateralized deposits decreased to 25.5% of total deposits, down from 30.3% in the previous quarter[43] Return on Equity and Assets - Return on average assets improved to 1.14% in Dec 2024, compared to 0.32% in Sep 2024[7] - Return on average tangible common equity was 11.5% in Dec 2024, up from 10.3% in Dec 2023[66] - Adjusted return on average tangible common equity for the year ended Dec 2024 was 12.9%, slightly up from 12.8% in Dec 2023[66] Adjusted Financial Metrics - Adjusted pre-tax pre-provision net revenue for Q4 2024 was $59.8 million, compared to $53.8 million in Q3 2024 and $45.4 million in Q4 2023[56] - Adjusted pre-tax pre-provision net income for the year ended Dec 2024 was $217,140, compared to $180,952 in Dec 2023[66] Banking Segment Performance - Banking segment net interest income increased to $106.8 million in Dec 2024, up from $99.8 million in Dec 2023[50] - Total assets in the banking segment grew to $12.55 billion in Dec 2024, compared to $12.05 billion in Dec 2023[50] - Banking segment core noninterest expense for Q4 2024 was $60.65 million, a decrease from $63.285 million in Q3 2024[60] - Banking segment total core revenue (tax-equivalent basis) for Q4 2024 was $120.889 million, compared to $117.046 million in Q3 2024[60] Earnings Per Share - Basic earnings per common share increased by 268.2% to $0.81 in Dec 2024 compared to Sep 2024, and by 28.6% compared to Dec 2023[10] - Fully diluted earnings per common share - adjusted decreased by 1.16% to $0.85 in Dec 2024 compared to Sep 2024, but increased by 10.4% compared to Dec 2023[10] - Adjusted diluted earnings per common share increased to $0.85 in Dec 2024 from $0.77 in Dec 2023[54]

The upcoming report from FB Financial (FBK) is expected to reveal quarterly earnings of $0.84 per share, indicating an increase of 9.1% compared to the year-ago period. Analysts forecast revenues of $130.52 million, representing an increase of 12.1% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Ahead of a company's earnings disclosure, it ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______________________________________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commiss ...

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. Whi ...

FB Financial (FBK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is 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. Individual investors o ...

We continue our coverage of Q3 regional bank earnings today with FB Financial Corporation (NYSE: FBK ) We had previously opened a trade in this stock a year ago, and this year we backed out the initial Pay yourself dividends with outsized returns Get more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop. Our prices go up at the end of the month so act now and you can lock in 75% of savings versus the $1,668 some members pay, which ...

FB Financial Corporation (NYSE:FBK) Q3 2024 Earnings Conference Call October 15, 2024 11:00 AM ET Company Participants Christopher Holmes - President and Chief Executive Officer Michael Mettee - Chief Financial Officer Travis Edmondson - Chief Banking Officer Conference Call Participants Russell Gunther - Stephens Catherine Mealor - KBW Steve Moss - Raymond James Operator Good morning, and welcome to the FB Financial Corporation's Third Quarter 2024 Earnings Conference Call. Hosting the call today from FB F ...

For the quarter ended September 2024, FB Financial (FBK) reported revenue of $89.52 million, down 17.9% over the same period last year. EPS came in at $0.86, compared to $0.71 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $127.44 million, representing a surprise of -29.75%. The company delivered an EPS surprise of +4.88%, with the consensus EPS estimate being $0.82. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...

FB Financial (FBK) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 4.88%. A quarter ago, it was expected that this bank holding company would post earnings of $0.76 per share when it actually produced earnings of $0.84, delivering a surprise of 10.53%. Over the last four quarters, the ...

■ Financial Corporation Third Quarter 2024 Financial Supplement TABLE OF CONTENTS Page Financial Summary and Key Metrics 4 Consolidated Statements of Income 5 Consolidated Balance Sheets 7 Average Balance and Interest Yield/Rate Analysis 8 Investments and Other Sources of Liquidity 11 Loan Portfolio 12 Asset Quality 13 Selected Deposit Data 14 Preliminary Capital Ratios 15 Segment Data 16 Non-GAAP Reconciliations 17 Use of non-GAAP Financial Measures This Financial Supplement contains certain financial meas ...