What Analyst Projections for Key Metrics Reveal About FB Financial (FBK) Q3 Earnings

Core Insights - FB Financial (FBK) is expected to report quarterly earnings of $0.82 per share, reflecting a 15.5% increase year-over-year, with revenues projected at $127.44 million, a 17% increase from the previous year [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate has been revised downward by 0.2%, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Financial Metrics - Analysts project the 'Efficiency Ratio' to be 59.7%, down from 76.2% a year ago [5]. - The 'Net Interest Margin' is expected to be 3.5%, slightly up from 3.4% in the previous year [5]. - 'Average Earning Assets' are estimated at $11.67 billion, compared to $11.81 billion reported in the same quarter last year [5]. Income Projections - 'Mortgage banking income' is forecasted at $12.46 million, up from $12 million in the same quarter last year [6]. - The consensus for 'Total Noninterest income' stands at $24.14 million, significantly higher than $8.04 million a year ago [6]. - 'Net interest income (tax-equivalent basis)' is expected to reach $104.64 million, compared to $101.76 million reported last year [7]. - 'Net Interest Income' is projected at $103.01 million, up from $100.93 million a year ago [7]. - 'Investment services and trust income' is forecasted at $3.32 million, compared to $3.07 million in the same quarter last year [8]. Stock Performance - Over the past month, FB Financial shares have returned +2.7%, while the Zacks S&P 500 composite has changed by +5.9% [8]. - FBK holds a Zacks Rank of 3 (Hold), suggesting its performance will likely align with the overall market in the upcoming period [8].