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 June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission F ...

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Financial Data and Key Metrics Changes - The company reported EPS of $0.06 and adjusted EPS of $0.88 for the quarter, with tangible book value per share growing at a compound annual growth rate of 12.2% since the IPO [5] - Net income on a reported basis was $2.9 million, while adjusted net income was $40.8 million, significantly impacted by a $60 million pre-tax loss from a securities transaction [14][15] - Net interest income increased by 3.5% from the prior quarter and 8.6% year-over-year, reaching $111.4 million [15] - The net interest margin expanded by 13 basis points to 3.68% due to loan growth and cost management [16] Business Line Data and Key Metrics Changes - Loan growth was at an annualized rate of 4.2%, while deposits grew at an annualized rate of 7.2% [10] - Core non-interest income, excluding the securities loss, was $25.8 million, representing a 9% increase over the previous quarter [16] - The company experienced a loss in non-interest income of $34.6 million due to the securities trade [16] Market Data and Key Metrics Changes - The company noted increased market volatility due to trade policy announcements and geopolitical events, which impacted customer behavior and loan activity [7][8] - The loan growth was concentrated in residential mortgages and commercial real estate, with significant increases in specific categories [23] Company Strategy and Development Direction - The merger with Southern States is expected to add immediate scale and accretive earnings, with integration efforts on track for completion by the end of Q3 [11][12] - The company is optimistic about both organic and inorganic growth opportunities, with a focus on capitalizing on market disruptions [12][13] - The company aims to maintain a strong capital position while pursuing additional M&A opportunities in the future [56][82] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate economic uncertainties and highlighted the potential for growth in the coming quarters [9][11] - The outlook for loan growth remains mid to high single digits, with a strong pipeline of opportunities despite some delays in funding [10][37] - The company anticipates a net interest margin in the range of $3.70 to $3.80 for the second half of the year [25] Other Important Information - The company migrated to a new allowance model to enhance forecasting precision, which had a net impact of approximately $395,000 on reserves [19] - The company plans to redeem subordinated debt and trust preferred securities using proceeds from the securities sale [17] Q&A Session Summary Question: Can you elaborate on the margin guidance and the impact of the bond restructuring? - Management confirmed that virtually no securities from Southern States will be brought over, focusing on paying down brokered deposits and optimizing capital [34][35] Question: What is the outlook for loan growth and the current pipeline? - Management reiterated a mid to high single-digit growth outlook, noting that some expected fundings were delayed but overall customer activity remains strong [37][40] Question: Can you provide details on the higher provision for mortgage banking? - The increase in provision was driven by higher LTV loans and changes in economic forecasts, with a focus on maintaining a profitable operating business [49][50] Question: What is the company's stance on future M&A activity? - Management expressed optimism about M&A opportunities, particularly in the $3 billion to $7 billion range, and emphasized readiness to capitalize on market disruptions [56][82] Question: How is the company managing hiring and recruitment? - The company continues to recruit talent, hiring four new revenue producers in the second quarter to prepare for potential market disruptions [60]

Financial Performance - The company reported net income of $2.9 million, with an adjusted net income of $40.8 million[7, 8] - A securities portfolio restructure resulted in a loss of $60 million[7, 9, 23] - Net interest margin (NIM) expanded by 13 bps to 3.68%[7] - Pre-Tax Pre-Provision Net Revenue was $(4.4) million, but adjusted PPNR reached $58.6 million[7] - The efficiency ratio was 105.7%, while the adjusted efficiency ratio was 56.9%[7] Balance Sheet & Credit Quality - Annualized loan held for investment (HFI) growth was 4.2%[7] - Annualized total deposit growth reached 7.2%[7] - ACL coverage ratio stood at 1.51%[7] - Net charge-offs returned to historical levels at an annualized rate of 0.02%[7, 56] - Nonperforming Assets (NPA) to Assets ratio increased by 8 basis points to 0.92%[7] Capital & M&A - Tangible Common Equity to Tangible Assets ratio was 10.4%[7] - CET 1 Ratio was 12.3% and Total Risk-Based Capital was 14.7% (preliminary)[7] - The merger with Southern States Bancshares, Inc closed on July 1, 2025, with conversion expected in 3Q25[7]

Shares of Simulations Plus, Inc SLP fell sharply in pre-market trading after the company reported downbeat third-quarter sales and cut its FY2025 EPS guidance. Simulations Plus reported quarterly earnings of 45 cents per share which beat the analyst consensus estimate of 7 cents pers hare. The company reported quarterly sales of $20.363 million which missed the analyst consensus estimate of $20.878 million. Keybanc analyst Scott Schoenhaus downgraded Simulations Plus from Overweight to Sector Weight. Simula ...

Core Insights - FB Financial (FBK) reported a revenue of $137.41 million for the quarter ended June 2025, marking a year-over-year increase of 7.2% and exceeding the Zacks Consensus Estimate of $135.28 million by 1.58% [1] - The company's EPS for the same period was $0.88, slightly below the consensus estimate of $0.89, reflecting an EPS surprise of -1.12% compared to $0.84 a year ago [1] Financial Performance Metrics - Efficiency Ratio stood at 56.9%, better than the three-analyst average estimate of 57.3% [4] - Net Interest Margin was reported at 3.7%, surpassing the average estimate of 3.6% based on three analysts [4] - Average Earning Assets totaled $12.24 billion, below the two-analyst average estimate of $12.57 billion [4] - Net Charge-offs during the period to Average Loans outstanding were 0%, compared to the average estimate of 0.1% [4] - Mortgage banking income reached $13.03 million, exceeding the three-analyst average estimate of $12.8 million [4] - Total Noninterest income was $26 million, higher than the average estimate of $24.69 million [4] - Net interest income (tax-equivalent basis) was $112.24 million, slightly above the average estimate of $111.95 million [4] - Other Income amounted to $2.54 million, compared to the average estimate of $2.25 million [4] - Service charges on deposit accounts were $3.39 million, slightly below the average estimate of $3.46 million [4] - Net Interest Income was reported at $111.42 million, marginally below the two-analyst average estimate of $111.61 million [4] - ATM and interchange fees totaled $2.88 million, exceeding the two-analyst average estimate of $2.83 million [4] - Investment services and trust income reached $3.92 million, surpassing the two-analyst average estimate of $3.63 million [4] Stock Performance - FB Financial shares have returned +11.6% over the past month, outperforming the Zacks S&P 500 composite's +4% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - FB Financial (FBK) reported quarterly earnings of $0.88 per share, slightly missing the Zacks Consensus Estimate of $0.89 per share, but showing an increase from $0.84 per share a year ago, indicating a -1.12% earnings surprise [1] Financial Performance - The company posted revenues of $137.41 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.58% and up from $128.22 million year-over-year [2] - Over the last four quarters, FB Financial has exceeded consensus EPS estimates two times and topped revenue estimates once [2] Stock Performance and Outlook - FB Financial shares have declined approximately 6.4% since the beginning of the year, contrasting with the S&P 500's gain of 6.4% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $1.01 for the coming quarter and $3.79 for the current fiscal year [7] Industry Context - The Zacks Industry Rank for Banks - Northeast is in the top 34% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [5][6]

[Financial Summary and Key Metrics](index=4&type=section&id=Financial%20Summary%20and%20Key%20Metrics) This section provides a five-quarter overview of key financial and performance metrics, noting a significant Q2 2025 net income drop to **$2.9 million** due to a noninterest loss, offset by stable adjusted net income, asset/deposit growth, and an expanded net interest margin Q2 2025 Key Financial Highlights | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net Income | $2.9M | $39.4M | $40.0M | | Adjusted Net Income* | $40.8M | $40.1M | $39.4M | | Diluted EPS | $0.06 | $0.84 | $0.85 | | Adjusted Diluted EPS* | $0.88 | $0.85 | $0.84 | | Total Assets | $13.35B | $13.14B | $12.54B | | Total Deposits | $11.40B | $11.20B | $10.47B | | Net Interest Margin (NIM) | 3.68% | 3.55% | 3.57% | - The company experienced a significant noninterest loss of **$34.6 million** in Q2 2025, a sharp contrast to the $23.0 million income in Q1 2025 and $25.6 million income in Q2 2024[7](index=7&type=chunk) - Asset quality ratios showed an increase in nonperforming loans to **0.97%** of loans HFI, up from **0.79%** in both the prior and year-ago quarters, however, annualized net charge-offs were minimal at **0.02%**[7](index=7&type=chunk) - Capital ratios remained strong, with a Common Equity Tier 1 ratio of **12.3%** and a Total risk-based capital ratio of **14.7%** as of June 30, 2025[7](index=7&type=chunk) [Consolidated Statements of Income](index=6&type=section&id=Consolidated%20Statements%20of%20Income) The Q2 2025 consolidated income statement shows a sharp decline in net income to **$2.9 million** primarily due to a **$60.5 million** net loss from securities, despite growth in net interest income and a slight increase in noninterest expenses including merger costs Q2 2025 Income Statement Highlights (vs. Q1 2025 & Q2 2024) | Item (in thousands) | Q2 2025 | QoQ Change | YoY Change | | :--- | :--- | :--- | :--- | | Net Interest Income | $111,415 | +3.51% | +8.58% | | Total Noninterest (Loss) Income | $(34,552) | -250.0% | -234.9% | | (Loss) from securities, net | $(60,549) | NM | -100.0% | | Total Noninterest Expense | $81,261 | +2.15% | +8.21% | | Net Income | $2,909 | -92.6% | -92.7% | - A significant net loss from securities of **$60.5 million** was the primary driver for the quarter's low net income, this compares to a minimal gain in Q1 2025 and no gain/loss in Q2 2024[10](index=10&type=chunk) - For the six months ended June 30, 2025, net interest income increased by **8.39%** to **$219.1 million** compared to the same period in 2024, however, total revenue decreased by **11.9%** due to the large securities loss[12](index=12&type=chunk) - Merger and integration costs of **$2.7 million** were recorded in Q2 2025, contributing to the rise in noninterest expenses[10](index=10&type=chunk) [Consolidated Balance Sheets](index=8&type=section&id=Consolidated%20Balance%20Sheets) As of June 30, 2025, total assets grew to **$13.35 billion** (up **6.5%** YoY), driven by increased net loans and cash, while total deposits reached **$11.40 billion** (up **8.9%** YoY) and common shareholders' equity rose to **$1.61 billion** Balance Sheet Highlights as of June 30, 2025 (in thousands) | Item | Jun 30, 2025 | vs. Mar 31, 2025 | vs. Jun 30, 2024 | | :--- | :--- | :--- | :--- | | Total Assets | $13,354,238 | +1.66% | +6.53% | | Net Loans HFI | $9,725,334 | +1.08% | +6.24% | | Total Deposits | $11,403,470 | +1.80% | +8.94% | | Borrowings | $164,485 | -2.64% | -54.43% | | Total Common Shareholders' Equity | $1,611,130 | +0.57% | +7.37% | - Cash and cash equivalents increased significantly to **$1.17 billion**, up **46.7%** from the previous quarter and **45.6%** from the prior year[14](index=14&type=chunk) - Within deposits, customer time deposits grew **28.1%** and brokered deposits grew **245.0%** year-over-year, while interest-bearing checking accounts decreased by **11.5%**[14](index=14&type=chunk) [Average Balance and Interest Yield/Rate Analysis](index=9&type=section&id=Average%20Balance%20and%20Interest%20Yield%2FRate%20Analysis) Net interest margin (NIM) improved to **3.68%** in Q2 2025, driven by a higher yield on interest-earning assets (**5.99%**) and a lower cost of interest-bearing liabilities (**3.13%**), with the six-month NIM expanding to **3.61%** Q2 2025 Interest Rate & Margin Analysis | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Net Interest Margin (NIM) | 3.68% | 3.55% | 3.57% | | Yield on Interest-Earning Assets | 5.99% | 5.91% | 6.16% | | Cost of Interest-Bearing Liabilities | 3.13% | 3.16% | 3.56% | | Cost of Total Deposits | 2.48% | 2.54% | 2.77% | | Interest Rate Spread | 2.86% | 2.75% | 2.60% | - The average balance of interest-earning assets was **$12.24 billion** in Q2 2025, a slight decrease from $12.39 billion in Q1 2025[16](index=16&type=chunk) - For the six months ended June 30, 2025, the net interest margin expanded to **3.61%** from 3.49% in the comparable 2024 period, reflecting improved profitability from core lending and investment activities[28](index=28&type=chunk) [Investments and Other Sources of Liquidity](index=15&type=section&id=Investments%20and%20Other%20Sources%20of%20Liquidity) The company's **$1.34 billion** investment portfolio, primarily U.S. government agency and residential mortgage-backed securities, supports a strong liquidity position of **$1.71 billion** on-balance sheet plus **$6.93 billion** from other sources, covering uninsured deposits by **289.5%** Investment Securities Composition (June 30, 2025) | Security Type | Fair Value (in thousands) | % of Total | | :--- | :--- | :--- | | U.S. government agency securities | $642,264 | 48% | | Mortgage-backed securities - residential | $541,343 | 40% | | Municipal securities | $144,228 | 11% | | Other | $9,730 | 1% | | **Total** | **$1,337,565** | **100%** | - Total on-balance sheet liquidity, comprising cash and unpledged securities, stood at **$1.71 billion** at the end of Q2 2025[33](index=33&type=chunk) - The company has access to significant additional liquidity, including **$1.48 billion** in FHLB borrowing capacity and **$2.12 billion** from the Federal Reserve discount window[33](index=33&type=chunk) [Loan Portfolio](index=16&type=section&id=Loan%20Portfolio) The total loan portfolio (HFI) grew to **$9.87 billion** at Q2 2025, remaining diversified across commercial real estate (**36%**), residential real estate (**30%**), and commercial and industrial loans (**18%**), with **82%** concentrated in metropolitan markets and total unfunded commitments at **$2.86 billion** Loan Portfolio Composition (June 30, 2025) | Loan Type | Amount (in thousands) | % of Total | | :--- | :--- | :--- | | Commercial Real Estate (Total) | $3,568,812 | 36% | | Residential Real Estate (Total) | $2,889,383 | 30% | | Commercial and Industrial | $1,788,911 | 18% | | Construction | $1,022,678 | 10% | | Consumer and other | $604,498 | 6% | | **Total Loans HFI** | **$9,874,282** | **100%** | - The loan portfolio is primarily concentrated in metropolitan markets, which account for **$8.08 billion**, or **82%** of the total portfolio[37](index=37&type=chunk) - Total unfunded loan commitments increased to **$2.86 billion**, with commercial and industrial lines of credit (**$1.40 billion**) and residential lines of credit (**$746 million**) being the largest components[37](index=37&type=chunk) [Asset Quality](index=17&type=section&id=Asset%20Quality) Asset quality metrics in Q2 2025 were mixed, with total nonperforming assets increasing to **$123.0 million** (**0.92%** of total assets), while the allowance for credit losses stood at **1.51%** of loans and annualized net charge-offs remained exceptionally low at **0.02%** Key Asset Quality Ratios | Metric | Q2 2025 | Q1 2025 | Q2 2024 | | :--- | :--- | :--- | :--- | | Nonperforming assets as a % of total assets | 0.92% | 0.84% | 0.81% | | Nonperforming loans HFI as a % of loans HFI | 0.97% | 0.79% | 0.79% | | Annualized net charge-offs as a % of avg loans | 0.02% | 0.14% | 0.02% | | Allowance for credit losses as a % of loans HFI | 1.51% | 1.54% | 1.67% | - The allowance for credit losses on loans HFI decreased slightly to **$148.9 million** from **$150.5 million** in the prior quarter, following a **$6.8 million** reduction due to a change in accounting estimate[39](index=39&type=chunk) - Total nonperforming loans HFI increased to **$95.9 million** from **$77.2 million** in the previous quarter, driven by a rise in nonaccrual loans[39](index=39&type=chunk) [Selected Deposit Data](index=18&type=section&id=Selected%20Deposit%20Data) Total deposits reached **$11.40 billion** as of June 30, 2025, primarily sourced from metropolitan markets (**73%**) and evenly split between consumer and commercial customers, with estimated uninsured deposits decreasing to **26.2%**, indicating a more stable funding profile Deposit Composition (June 30, 2025) | Segment | Amount (in thousands) | % of Total | | :--- | :--- | :--- | | **By Market** | | | | Metropolitan | $8,275,006 | 73% | | Community | $2,436,243 | 21% | | Brokered/Wholesale & Other | $692,221 | 6% | | **By Customer** | | | | Commercial | $4,835,968 | 42% | | Consumer | $4,772,582 | 42% | | Public | $1,794,920 | 16% | | **Total** | **$11,403,470** | **100%** | - Estimated uninsured and uncollateralized deposits were **$2.98 billion**, representing **26.2%** of total deposits, showing an improved risk profile compared to 30.6% in June 2024[41](index=41&type=chunk) [Preliminary Capital Ratios](index=19&type=section&id=Preliminary%20Capital%20Ratios) The company's capital position remains robust as of June 30, 2025, with preliminary Common Equity Tier 1 (**12.3%**), Tier 1 risk-based (**12.6%**), and Total risk-based capital ratios (**14.7%**) all well above regulatory minimums, alongside a **10.4%** Tangible Common Equity to Tangible Assets ratio Preliminary Regulatory Capital Ratios (June 30, 2025) | Ratio | Value | | :--- | :--- | | Common Equity Tier 1 (CET1) | 12.3% | | Tier 1 Risk-Based Capital | 12.6% | | Total Risk-Based Capital | 14.7% | | Tier 1 Leverage | 11.3% | | Tangible Common Equity to Tangible Assets* | 10.4% | - Total risk-weighted assets were preliminarily calculated at **$11.59 billion** as of June 30, 2025[45](index=45&type=chunk) [Segment Data](index=20&type=section&id=Segment%20Data) This section details the financial performance of the Banking and Mortgage segments, highlighting their pre-tax contributions, net interest income, and key efficiency metrics [Banking Segment](index=20&type=page&id=Banking%20segment) The Banking segment reported a pre-tax loss of **$6.7 million** in Q2 2025, a significant downturn from the prior quarter's profit, primarily driven by a **$47.7 million** noninterest loss, despite strong net interest income of **$108.9 million** and an improved core efficiency ratio of **52.8%** Banking Segment Performance (Q2 2025) | Metric (in thousands) | Q2 2025 | Q1 2025 | | :--- | :--- | :--- | | Net Interest Income | $108,909 | $105,759 | | Noninterest (Loss) Income | $(47,720) | $10,660 | | Pre-tax Net (Loss) Contribution | $(6,723) | $47,321 | | Total Assets | $12,736,830 | $12,490,097 | | Core Efficiency Ratio* | 52.8% | 56.5% | [Mortgage Segment](index=20&type=page&id=Mortgage%20segment) The Mortgage segment reported a pre-tax loss of **$3.0 million** in Q2 2025, primarily due to higher provisions for credit losses, despite an increase in mortgage banking income to **$13.0 million** and improved mortgage loan sales volume of **$391.1 million** with a **2.86%** sale margin Mortgage Segment Performance (Q2 2025) | Metric (in thousands, except margin) | Q2 2025 | Q1 2025 | | :--- | :--- | :--- | | Mortgage Banking Income | $13,029 | $12,426 | | Pre-tax Net (Loss) Contribution | $(3,012) | $1,511 | | Mortgage Loan Sales | $391,061 | $222,805 | | Mortgage Sale Margin | 2.86% | 2.51% | [Non-GAAP Reconciliations](index=3&type=section&id=Non-GAAP%20Reconciliations) This section explains the company's use of non-GAAP financial measures and provides detailed reconciliations to their GAAP equivalents, offering insights into adjusted performance metrics [Use of non-GAAP Financial Measures](index=3&type=page&id=Use%20of%20non-GAAP%20Financial%20Measures) This section explains the company's use of non-GAAP financial measures, which management believes provide a clearer understanding of ongoing operations and enhance period-to-period comparability by excluding non-core or non-recurring items, serving as a supplement to GAAP measures - The company uses non-GAAP measures such as adjusted net income, adjusted EPS, core revenue, core noninterest expense, core efficiency ratio, and various tangible equity metrics[4](index=4&type=chunk) - Management uses these metrics to analyze performance, financial condition, and operational efficiency, believing they enhance comparability by removing the effects of significant non-core gains and charges[5](index=5&type=chunk) [Reconciliation Tables](index=21&type=page&id=Reconciliation%20Tables) This section provides detailed tables reconciling GAAP financial measures to their non-GAAP counterparts, including adjustments for securities gains/losses, merger costs, and amortization of intangibles to derive metrics such as Adjusted Net Income and Core Efficiency Ratio Reconciliation of Net Income to Adjusted Net Income (Q2 2025) | Item (in thousands) | Amount | | :--- | :--- | | Net Income (GAAP) | $2,909 | | Adjustments: | | | (Loss) from securities, net | $(60,549) | | Merger and integration costs | $2,734 | | Other adjustments | $236 | | Tax impact of adjustments | $(3,778) | | Non-recurring tax benefit | $(8,713) | | **Adjusted Net Income (Non-GAAP)** | **$40,821** | Reconciliation of Total Noninterest Expense to Core Noninterest Expense (Q2 2025) | Item (in thousands) | Amount | | :--- | :--- | | Total Noninterest Expense (GAAP) | $81,261 | | Less: Merger and integration costs | $2,734 | | **Core Noninterest Expense (Non-GAAP)** | **$78,527** |

Core Viewpoint - Analysts project that FB Financial (FBK) will report quarterly earnings of $0.89 per share, a 6% increase year over year, with revenues expected to reach $135.28 million, reflecting a 5.5% increase from the same quarter last year [1]. Earnings Estimates - The consensus EPS estimate has been revised 2% higher over the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Financial Metrics - Analysts expect the 'Efficiency Ratio' to be 57.2%, down from 58.6% in the same quarter last year [5]. - The 'Net Interest Margin' is projected to remain stable at 3.6%, consistent with the previous year's figure [5]. - 'Average Earning Assets' are expected to reach $12.57 billion, up from $11.63 billion in the same quarter last year [6]. - 'Mortgage banking income' is estimated at $12.80 million, compared to $11.91 million a year ago [6]. - 'Total Noninterest income' is projected to be $24.69 million, down from $25.61 million in the same quarter last year [7]. - 'Net interest income (tax-equivalent basis)' is expected to be $111.97 million, up from $103.25 million in the same quarter last year [7]. - The consensus estimate for 'Other Income' is $2.25 million, down from $4.61 million a year ago [8]. - 'Service charges on deposit accounts' are projected to reach $3.46 million, slightly up from $3.17 million last year [8]. - 'Net Interest Income' is expected to be $111.61 million, compared to $102.62 million in the same quarter last year [8]. - 'Investment services and trust income' is projected at $3.63 million, up from $3.39 million in the same quarter last year [9]. Stock Performance - FB Financial shares have increased by 6.1% over the past month, outperforming the Zacks S&P 500 composite, which rose by 3.9% [9]. - FBK holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market in the near future [9].

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1][2]. Company Overview: FB Financial (FBK) - FBK currently holds a Momentum Style Score of A, indicating strong momentum potential [3]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4]. Price Performance - FBK shares have increased by 5.29% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 4.28% [6]. - Over the past month, FBK's shares rose by 5.18%, compared to the industry's 3.52% [6]. - In the last quarter, FBK shares increased by 11.55%, and over the past year, they gained 17.24%, while the S&P 500 rose by 10.83% and 14.92%, respectively [7]. Trading Volume - FBK's average 20-day trading volume is 202,231 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, one earnings estimate for FBK has increased, while none have decreased, raising the consensus estimate from $3.76 to $3.79 for the full year [10]. - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10]. Conclusion - Considering the strong price performance, positive earnings outlook, and high Momentum Style Score, FBK is recommended as a solid momentum pick [12].