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.Whil ...

Shares of FB Financial (FBK) have gained 1.9% over the past four weeks to close the last trading session at $44.46, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $55.6 indicates a potential upside of 25.1%.The average comprises five short-term price targets ranging from a low of $51.00 to a high of $59.00, with a standard deviation of $3.78. While the lowest estimate indicates ...

Financial Performance - Net income applicable to FB Financial Corporation for Q1 2025 was $39,361, up 40.6% from $27,950 in Q1 2024[14]. - Earnings per common share for Q1 2025 were $0.84, an increase from $0.60 in Q1 2024, reflecting a growth of 40%[14]. - Comprehensive income applicable to FB Financial Corporation for Q1 2025 was $49,092, compared to $30,191 in Q1 2024, an increase of 62.7%[15]. - The company reported a net cash used in operating activities of $16,458,000 for Q1 2025, a significant decrease from the net cash provided of $36,268,000 in Q1 2024[19]. - For the three months ended March 31, 2025, the consolidated net income applicable to FB Financial Corporation was $39,361,000, an increase from $27,950,000 for the same period in 2024, representing a growth of 41.0%[128]. Income and Expenses - Net interest income for the three months ended March 31, 2025, was $107,641, compared to $99,490 for the same period in 2024, representing an increase of 8.3%[14]. - Total noninterest expenses for Q1 2025 were $79,549, up from $72,420 in Q1 2024, reflecting an increase of 9.4%[14]. - The provision for credit losses on loans held for investment was $1,906 for Q1 2025, compared to $1,852 in Q1 2024, indicating a slight increase[14]. - Provisions for credit losses increased to $2,292,000 in Q1 2025 from $782,000 in Q1 2024, marking a significant rise of 193.6%[126][128]. Assets and Liabilities - Total assets as of March 31, 2025, were $13,136,449, a slight decrease from $13,157,482 on December 31, 2024[13]. - Total deposits as of March 31, 2025, were $11,201,998, slightly down from $11,210,434 at the end of 2024[13]. - Total shareholders' equity as of March 31, 2025, was $1,602,055,000, up from $1,479,619,000 as of March 31, 2024, reflecting a growth of approximately 8.3%[19]. - Cash and cash equivalents at the end of Q1 2025 were $794,706,000, a decrease of 8.7% from $870,730,000 at the end of Q1 2024[20]. Loans and Credit Quality - The net loans outstanding as of March 31, 2025, were $9,621,005, up from $9,450,442 as of December 31, 2024, indicating an increase of about 1.8%[46]. - The allowance for credit losses on loans held for investment (HFI) was $150,531 as of March 31, 2025, slightly down from $151,942 as of December 31, 2024[46]. - The total amount of classified commercial loans decreased to $152 million in 2025 from $104 million in 2024, showing a reduction in risk[52]. - The total amount of pass loans across all categories was $808,326 million in 2024, up from $441,686 million in 2023, reflecting overall loan growth[53]. Investments and Securities - The total amortized cost of AFS debt securities as of March 31, 2025, was $1,708,893, with a fair value of $1,580,720, indicating unrealized losses of $128,763[37]. - The company held 277 individual AFS debt securities as of March 31, 2025, with 251 in an unrealized loss position[40]. - The total fair value of available-for-sale (AFS) debt securities was $1,580,720 as of March 31, 2025, with no Level 1 assets and $1,580,720 classified as Level 2[111]. Capital and Stock Compensation - The Company maintained a Total Capital ratio of 15.2% as of March 31, 2025, exceeding the minimum requirement of 10.5%[134]. - The Tier 1 Capital ratio for FB Financial Corporation was 13.1% as of March 31, 2025, above the minimum requirement of 8.5%[134]. - The Company granted 121,249 Restricted Stock Units (RSUs) during the three months ended March 31, 2025, with a weighted average grant date fair value of $49.34[136]. - The Company recorded a compensation cost of $1,925 thousand for PSUs for the three months ended March 31, 2025, compared to $114 thousand for the same period in 2024[142]. Regulatory and Compliance - The company adopted ASU 2023-07 for segment reporting effective December 31, 2024, with no material impact on consolidated financial statements[31]. - The company is evaluating the impact of ASU 2023-09 on income tax disclosures, effective for annual periods beginning after December 15, 2024[33]. - The income tax expense for Q1 2025 was reported at $9,471,000, which is an increase from $6,300,000 in Q1 2024, representing a rise of approximately 50.1%[83].

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]

Core Viewpoint - FB Financial (FBK) reported quarterly earnings of $0.85 per share, matching the Zacks Consensus Estimate, with year-over-year earnings remaining unchanged at $0.85 per share [1] - The company posted revenues of $130.67 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 1.52%, but showing an increase from $107.45 million a year ago [2] Earnings Performance - FB Financial's earnings surprise was 1.19% as it exceeded the expected earnings of $0.84 per share from a quarter ago [1] - Over the last four quarters, the company has surpassed consensus EPS estimates three times [1] Revenue Analysis - The company has topped consensus revenue estimates only once over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.92, with expected revenues of $137.45 million, and for the current fiscal year, the EPS estimate is $3.87 on revenues of $597.74 million [7] Stock Performance - FB Financial shares have declined approximately 21.3% since the beginning of the year, compared to a decline of 8.8% for the S&P 500 [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations of outperforming the market in the near future [6] Industry Outlook - The Banks - Northeast industry, to which FB Financial belongs, is currently ranked in the top 27% of over 250 Zacks industries, suggesting a favorable outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

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]

Core Viewpoint - FB Financial (FBK) is positioned well to continue its trend of beating earnings estimates, with a solid history of performance in recent quarters [1][5]. Earnings Performance - For the most recent quarter, FB Financial reported earnings of $0.85 per share, exceeding the expected $0.84, resulting in a surprise of 1.19% [2]. - In the previous quarter, the company reported $0.86 per share against an expectation of $0.82, achieving a surprise of 4.88% [2]. Earnings Estimates and Predictions - Recent estimates for FB Financial have been increasing, with a positive Earnings ESP (Expected Surprise Prediction) indicating potential for another earnings beat [5][8]. - The current Earnings ESP for FB Financial is +0.78%, suggesting analysts are optimistic about its near-term earnings potential [8]. Zacks Rank and Success Rate - FB Financial holds a Zacks Rank of 1 (Strong Buy), which, when combined with a positive Earnings ESP, indicates a high likelihood of beating earnings estimates [8]. - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% success rate in beating consensus estimates [6].