Group 1 - FB Financial Corporation (NYSE: FBK) is experiencing a stock pullback alongside the regional banking sector, presenting an opportunity for new buyers to achieve better yields [1] - The current market conditions have led to a selloff, but the company is positioned to thrive during this period, indicating a potential for recovery and growth [1] - The investment strategy suggested involves a blended trading and income approach, aimed at enhancing savings and retirement timelines for investors [1] Group 2 - The company offers a money-back guarantee for its services, emphasizing confidence in its investment ideas and track record [2]

This Presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles ("GAAP") and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated and segment core revenue, consolidated and segment core noninterest expense and core noninterest income, consolidated ...

Financial Data and Key Metrics Changes - FB Financial reported EPS of 84 cents and adjusted EPS of 85 cents for Q1 2025, with a tangible book value per share growth at a compound annual growth rate of 12.8% since its IPO in 2016 [14][15] - Pre-tax pre-provision net revenue was $51.1 million, or $52.2 million on an adjusted basis, with net interest income of $107.6 million and non-interest income of $23 million for the quarter [23][24] - The net interest margin increased by five basis points to 3.55%, while the cost of total interest-bearing deposits decreased by 24 basis points [25][26] Business Line Data and Key Metrics Changes - Loan balances grew by $169 million at an annualized rate of 7.14%, primarily in commercial and industrial (CNI) and owner-occupied commercial real estate (CRE) [15][16] - Non-interest income remained relatively flat at $23 million, with mortgage banking income up by approximately $1.8 million due to lower market interest rates [28] Market Data and Key Metrics Changes - The company operates as a regional bank across five states in the Southeast, focusing on customer service and community engagement during economic uncertainty [20] - Economic uncertainty has increased, but the company believes it presents opportunities for disciplined and prepared organizations [21] Company Strategy and Development Direction - The planned combination with Southern States Bank is expected to close in Q3 2025, with a strong conviction in the cultural fit and market opportunity of the merger [13][14] - The company aims to balance growth through organic means while integrating the Southern States transaction, emphasizing the strength of its operating foundation [17] Management's Comments on Operating Environment and Future Outlook - Management noted that economic uncertainty is rising, but the company's mission remains unchanged, focusing on serving customers and communities [19][20] - The company is prepared for various economic environments, with a strong capital position and a focus on understanding customer needs during uncertain times [21][22] Other Important Information - The allowance for credit loss balance decreased to $151 million, with an annualized net charge-off rate of 0.14% driven by credit in the C&I portfolio [31] - The company maintains strong capital ratios, including a tangible common equity to total assets ratio of 10.5% and a preliminary common equity tier one ratio of 12.8% [32] Q&A Session Summary Question: Loan growth trends and customer sentiment - Management noted some reticence about major projects at a macro level, but pipelines remain robust with an outlook for high single to low double-digit growth [40][41] Question: Performance in new markets like Asheville and Tuscaloosa - Both markets are showing positive momentum, with strong starts in Tuscaloosa and improving conditions in Asheville [43][44] Question: Stock buyback strategy - The company has $73 million remaining on its stock buyback authorization and will consider buying back shares if they believe the stock is undervalued [51] Question: Balance sheet growth expectations - The company anticipates stronger balance sheet growth in Q2, driven by core customer deposits and managing higher-cost deposits [64][65] Question: Construction commitments and risks - The company is monitoring its construction commitments closely, particularly in Nashville, but maintains a healthy concentration ratio [70] Question: Charge-off expectations and credit quality - Management expects charge-offs to be lower than historical levels, with concerns primarily in the C&I portfolio rather than real estate [92][94] Question: Expense growth and efficiency - The company anticipates a slight increase in expenses due to higher compensation-related costs but expects to stabilize in the latter half of the year [109][111]

Financial Performance - FB Financial reported revenue of $130.67 million for the quarter ended March 2025, representing a 21.6% increase year-over-year [1] - The earnings per share (EPS) remained stable at $0.85, unchanged from the same quarter last year [1] - The reported revenue was slightly below the Zacks Consensus Estimate of $132.69 million, resulting in a revenue surprise of -1.52% [1] Key Metrics - Efficiency Ratio was reported at 60.9%, higher than the three-analyst average estimate of 57.3% [4] - Net Interest Margin matched the estimated 3.6% [4] - Average Earning Assets were $12.39 billion, aligning with the two-analyst average estimate [4] - Net Charge-offs during the period to Average Loans outstanding were 0.1%, consistent with the two-analyst average estimate [4] - Mortgage banking income was $12.43 million, exceeding the three-analyst average estimate of $10.66 million [4] - Total Noninterest income reached $23.03 million, surpassing the three-analyst average estimate of $22.81 million [4] - Net interest income (tax-equivalent basis) was $108.43 million, slightly below the $109.51 million average estimate [4] - Other Income was reported at $1.35 million, lower than the two-analyst average estimate of $2.51 million [4] - Service charges on deposit accounts were $3.48 million, compared to the $3.40 million average estimate [4] - Net Interest Income was $107.64 million, below the two-analyst average estimate of $109.79 million [4] - ATM and interchange fees were $2.68 million, lower than the two-analyst average estimate of $2.86 million [4] - Investment services and trust income was $3.71 million, slightly above the two-analyst average estimate of $3.70 million [4] Stock Performance - FB Financial shares have returned -12.6% over the past month, compared to the Zacks S&P 500 composite's -3.6% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

FB Financial (FBK) came out with quarterly earnings of $0.85 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this bank holding company would post earnings of $0.84 per share when it actually produced earnings of $0.85, delivering a surprise of 1.19%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.FB Financial, which b ...

Financial Performance - Total interest income for Q1 2025 was $179,706,000, a decrease from $186,369,000 in Q4 2024, representing a decline of 0.4%[6] - Net interest income for Q1 2025 was $107,641,000, slightly down from $108,381,000 in Q4 2024, indicating a decrease of 0.7%[6] - The adjusted net income for Q1 2025 was $40,108,000, compared to $39,835,000 in Q4 2024, reflecting an increase of 0.7%[6] - The diluted net income per share for Q1 2025 was $0.84, up from $0.81 in Q4 2024, marking a growth of 3.7%[6] - Net income applicable to FB Financial Corporation increased by 3.9% to $39,361 thousand compared to the previous quarter, and rose by 40.8% year-over-year[9] - Basic earnings per share increased by 3.70% to $0.84 compared to the previous quarter, and rose by 40.0% year-over-year[9] - Total revenue for the quarter was $130,673 thousand, a slight increase of 0.23% from the previous quarter and a 21.6% increase year-over-year[9] - Total noninterest expenses rose by 8.71% to $79,549 thousand compared to the previous quarter, and increased by 9.84% year-over-year[9] - Adjusted net income for Mar 2025 was $40,108 thousand, compared to $39,835 thousand in Dec 2024[45] - Net income for the three months ended March 2025 was $39,361 million, an increase from $37,886 million in December 2024[55] Asset and Liability Management - Total assets as of March 2025 were $13,136,449,000, a slight decrease from $13,157,482,000 in December 2024[6] - Total deposits for Q1 2025 were $11,201,998,000, remaining relatively stable compared to $11,210,434,000 in the previous quarter[6] - Total assets decreased by 0.65% to $13,136,449 million compared to the previous quarter, with a year-over-year increase of 4.69%[11] - Total liabilities decreased by 1.94% to $11,534,394 million, with a year-over-year increase of 4.21%[11] - Total common shareholders' equity increased by 8.91% to $1,601,962 million, with a year-over-year growth of 8.28%[11] - Total liabilities decreased slightly to $11,622,918 thousand from $11,629,599 thousand, while total equity increased to $1,584,051 thousand from $1,564,596 thousand[13] - Total common shareholders' equity to total assets ratio improved to 12.2% in March 2025 from 11.9% in December 2024[37] Credit Quality and Loss Provisions - The allowance for credit losses on loans held for investment (HFI) was 1.54% of loans HFI as of March 2025, down from 1.58% in December 2024[6] - Provision for credit losses on loans held for investment decreased significantly by 72.8% to $1,906 thousand compared to the previous quarter[9] - Total nonperforming loans HFI amounted to $77,160 thousand as of March 2025, down from $83,705 thousand in December 2024, indicating a decline of 7.4%[32] - Total nonperforming assets decreased to $110,429 thousand in March 2025, compared to $121,915 thousand in December 2024, representing a reduction of 9.5%[32] - The annualized net charge-offs as a percentage of average loans HFI improved to 0.14% in March 2025 from 0.47% in December 2024[32] Efficiency and Operational Metrics - The efficiency ratio for Q1 2025 was 60.9%, up from 56.1% in Q4 2024, indicating a decline in operational efficiency[6] - The efficiency ratio for the banking segment was 57.5% in Mar 2025, up from 51.7% in Dec 2024[41] - Core efficiency ratio (tax-equivalent basis) improved to 59.9% in March 2025 from 54.6% in December 2024[49] Income Sources and Growth - Noninterest income increased by 4.71% to $23,032 thousand compared to the previous quarter, and significantly increased by 189.3% year-over-year[9] - Mortgage banking income increased by 17.4% to $12,426 thousand compared to the previous quarter[9] - Mortgage segment total revenue increased to $14,254 million in March 2025, compared to $12,274 million in December 2024[51] Capital and Equity - Common Equity Tier 1 Capital remained stable at $1,466,448 thousand in March 2025, unchanged from $1,450,722 thousand in December 2024[37] - Tangible common equity rose to $1,354,295 million as of March 2025, up from $1,319,215 million in December 2024[53] - Book value per common share increased to $34.44 in March 2025, compared to $33.59 in December 2024[53] Liquidity and Funding - Cash and cash equivalents dropped by 96.4% to $794,706 million, while year-over-year it decreased by 8.73%[11] - On-balance sheet liquidity as a percentage of total assets was 11.4% in March 2025, down from 12.5% in December 2024[24] - Unsecured borrowing capacity was $3,369,107 million, representing 48% of total available sources of liquidity[24]

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider FB Financial (FBK) . This company, which is in the Zacks Banks - Northeast industry, shows potential for another earnings beat.This bank holding company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.03%.For the mos ...

FB Financial (FBK) shares rallied 8% in the last trading session to close at $43.13. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.4% loss over the past four weeks.The increased investor optimism in the stock can be attributed to President Donald Trump’s recent announcement to put a 90-day pause on the reciprocal tariff for most countries.This bank holding company is expected to post quarterly earnings o ...

Wall Street analysts forecast that FB Financial (FBK) will report quarterly earnings of $0.85 per share in its upcoming release, pointing to no change from the year-ago quarter. It is anticipated that revenues will amount to $132.69 million, exhibiting an increase of 23.5% compared to the year-ago quarter.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course ...

Wall Street expects flat earnings compared to the year-ago quarter on higher revenues when FB Financial (FBK) reports results for the quarter ended March 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apri ...