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FB Financial (FBK) - 2024 Q2 - Quarterly Results
2024-07-15 20:16
Second Quarter 2024 Financial Supplement TABLE OF CONTENTS | 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 | The Company's management uses these non- ...
Seeking Clues to FB Financial (FBK) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
ZACKS· 2024-07-11 14:21
Wall Street analysts expect FB Financial (FBK) to post quarterly earnings of $0.76 per share in its upcoming report, which indicates a year-over-year decline of 1.3%. Revenues are expected to be $123.52 million, down 1.5% from the year-ago quarter. Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timef ...
Here's Why FB Financial (FBK) Could be Great Choice for a Bottom Fisher
ZACKS· 2024-06-06 14:56
The price trend for FB Financial (FBK) has been bearish lately and the stock has lost 5.1% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support. While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street ana ...
4 Reasons to Invest in FB Financial (FBK) Stock Right Now
Zacks Investment Research· 2024-05-14 16:26
Core Viewpoint - FB Financial Corporation (FBK) is considered a strong investment option due to its fundamental strength and growth prospects, currently holding a Zacks Rank 1 (Strong Buy) with a 7.4% upward revision in 2024 earnings estimates over the past 30 days [1]. Earnings Growth - FBK has experienced a compound annual growth rate (CAGR) of 2.5% in earnings over the last three to five years, with projected earnings growth of 1.3% in 2024 and 2.9% in 2025 [3]. - The company has a strong earnings surprise history, surpassing the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 11.6% [4]. Revenue Strength - FBK's revenues have shown a CAGR of 7.2% from 2019 to 2023, driven by growth in net interest income. However, revenues are expected to decline by 1.6% in 2024 due to lower non-interest income, with a projected recovery and 7.8% growth in 2025 [5]. Financial Stability - FBK has a debt/equity ratio of 0.00, indicating no reliance on debt for financing operations, which contributes to its financial stability in adverse economic conditions [6]. - The company boasts a return on equity (ROE) of 10.20%, surpassing the industry average of 8.75%, reflecting superior efficiency in utilizing shareholder funds [6]. Price Performance - FBK's stock has gained 12% over the past six months, significantly outperforming the industry growth of 2.8% during the same period [2].
FB Financial (FBK) - 2024 Q1 - Quarterly Report
2024-05-06 16:14
UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 ______________________________________________________________ For the transition period from ________ to ________ Commission ...
FB Financial (FBK) - 2024 Q1 - Earnings Call Transcript
2024-04-16 22:23
FB Financial Corporation (NYSE:FBK) Q1 2024 Earnings Conference Call April 16, 2024 9:00 AM ET Company Participants Christopher Holmes - President and Chief Executive Officer Michael M. Mettee - Chief Financial Officer Travis Edmondson - Chief Banking Officer Conference Call Participants Feddie Strickland - Janney Montgomery Scott Brett Rabatin - Hovde Group Catherine Mealor - KBW Stephen Scouten - Piper Sandler Alex Lau - J.P. Morgan Matt Olney - Stephens Steve Moss - Raymond James Operator Good morning an ...
FB Financial (FBK) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-15 23:01
For the quarter ended March 2024, FB Financial (FBK) reported revenue of $107.45 million, down 15.5% over the same period last year. EPS came in at $0.85, compared to $0.76 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $119.84 million, representing a surprise of -10.34%. The company delivered an EPS surprise of +21.43%, with the consensus EPS estimate being $0.70.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...
FB Financial (FBK) Q1 Earnings Top Estimates
Zacks Investment Research· 2024-04-15 22:31
FB Financial (FBK) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.43%. A quarter ago, it was expected that this bank holding company would post earnings of $0.71 per share when it actually produced earnings of $0.77, delivering a surprise of 8.45%.Over the last four quarters, the ...
FB Financial (FBK) - 2024 Q1 - Quarterly Results
2024-04-15 20:17
First Quarter 2024 Financial Supplement TABLE OF CONTENTS | Financial Summary and Key Metrics | 4 | | --- | --- | | Consolidated Statements of Income | 5 | | Consolidated Balance Sheets | 6 | | Average Balance and Interest Yield/Rate Analysis | 7 | | Investments and Other Sources of Liquidity | 9 | | Loan Portfolio | 10 | | Asset Quality | 11 | | Selected Deposit Data | 12 | | Preliminary Capital Ratios | 13 | | Segment Data | 14 | | Non-GAAP Reconciliations | 15 | Page Use of non-GAAP Financial Measures Th ...
FB Financial (FBK) Q1 Earnings on the Horizon: Analysts' Insights on Key Performance Measures
Zacks Investment Research· 2024-04-10 14:16
Wall Street analysts expect FB Financial (FBK) to post quarterly earnings of $0.70 per share in its upcoming report, which indicates a year-over-year decline of 7.9%. Revenues are expected to be $119.84 million, down 5.8% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings announcement, it is ...