Financial Performance - Net interest income for the three months ended September 30, 2025, was $147,240 thousand, a 38.8% increase from $106,017 thousand in the same period of 2024[14]. - Net income applicable to FB Financial Corporation for the three months ended September 30, 2025, was $23,375 thousand, compared to $10,220 thousand in the same period of 2024, marking an increase of 129.3%[14]. - Earnings per common share for the three months ended September 30, 2025, were $0.44, up from $0.22 in the same period of 2024, representing a 100% increase[14]. - Total revenues for the nine months ended September 30, 2025, reached $426,430, up from $410,887 in 2024, indicating a growth of 3.8%[71]. - For the nine months ended September 30, 2025, the consolidated net interest income was $366,296,000, compared to $308,122,000 for the same period in 2024, reflecting an increase of approximately 18.9%[198]. Asset Growth - Total assets increased to $16,236,459 thousand as of September 30, 2025, up from $13,157,482 thousand at December 31, 2024, representing a growth of 23.5%[13]. - The company’s total equity increased to $1,978,136 thousand as of September 30, 2025, up from $1,567,631 thousand at December 31, 2024, representing a growth of 26.2%[13]. - Goodwill increased to $350,353 thousand as of September 30, 2025, from $242,561 thousand at December 31, 2024, reflecting growth due to acquisitions[13]. - Total deposits rose to $13,812,955 thousand as of September 30, 2025, up from $11,210,434 thousand at December 31, 2024, reflecting a growth of 23.3%[13]. Credit Loss Provisions - Provision for credit losses on loans held for investment was $29,957 thousand for the three months ended September 30, 2025, compared to $1,856 thousand in the same period of 2024, indicating a significant increase in credit loss provisions[14]. - The provision for credit losses on loans held for investment (HFI) increased significantly to $30,761,000 in 2025 from $7,648,000 in 2024[20]. - The provisions for credit losses for the three months ended September 30, 2025, were $34,417,000, compared to $1,914,000 for the same period in 2024, indicating a significant increase in credit loss provisions[196]. Noninterest Income and Expenses - Noninterest income for the three months ended September 30, 2025, was $26,635 thousand, compared to a loss of $16,497 thousand in the same period of 2024, showing a recovery in noninterest income[14]. - The company reported a total noninterest expense of $109,856 thousand for the three months ended September 30, 2025, compared to $76,212 thousand in the same period of 2024, indicating an increase of 44.2%[14]. Stock and Equity Transactions - Dividends declared for the quarter were $0.57 per share, totaling $28,038,000, compared to $0.51 per share in the previous quarter[18]. - The company repurchased common stock worth $68,013,000 during the period, indicating a strategic move to enhance shareholder value[18]. - The total common stock outstanding increased to $53,457,000 as of September 30, 2025, from $46,849,000 at December 31, 2023[18]. Merger and Acquisitions - The merger with Southern States Bancshares, Inc. was completed on July 1, 2025, adding 13 branches and expanding the Company's footprint in Alabama and Georgia[60]. - The total assets acquired in the merger amounted to $2,830,374, with total loans of $2,267,305 and total deposits assumed of $2,468,530[60]. - Preliminary goodwill recorded in connection with the merger is $107,792, which is not deductible for income tax purposes[61]. Loan Portfolio and Quality - Gross loans outstanding increased to $12,297,600 as of September 30, 2025, up from $9,602,384 as of December 31, 2024, reflecting a growth of approximately 28%[85]. - The allowance for credit losses on loans held for investment (HFI) was $184,993 as of September 30, 2025, compared to $151,942 as of December 31, 2024, indicating an increase of about 21.8%[85]. - The total for consumer type loans was evaluated based on delinquency and accrual status, with nonperforming loans including those past due ninety or more days[95]. Cash Flow and Liquidity - Net cash provided by operating activities for the nine months ended September 30, 2025, was $103,049,000, down from $124,670,000 in 2024, reflecting a decrease of approximately 17%[20]. - The company reported a net cash increase of $237,545,000 in cash and cash equivalents, compared to an increase of $140,818,000 in the same period of 2024[21]. - The company’s cash and cash equivalents increased to $1,280,033,000 as of September 30, 2025, from $1,042,488,000 as of December 31, 2024, representing an increase of approximately 22.8%[191]. Regulatory Compliance and Capital Ratios - As of September 30, 2025, the company met all capital adequacy requirements under U.S. Basel III Capital Rules, indicating strong regulatory compliance[205]. - FB Financial Corporation's Tier 1 capital to risk-weighted assets ratio stood at 11.7% as of September 30, 2025, with Tier 1 capital of $1,662,376, compared to FirstBank's 12.0% ratio and Tier 1 capital of $1,687,888[207]. Employee Compensation and Benefits - The employer matching contributions for the 401(k) plan totaled $1,478 for the three months ended September 30, 2025, and $3,691 for the nine months ended September 30, 2025, compared to $760 and $2,526 for the same periods in 2024[208]. - Accrued expenses related to nonqualified supplemental retirement plans amounted to $12,722, significantly higher than $2,328 as of December 31, 2024[209].

Core Points - FB Financial Corporation declared a quarterly cash dividend of $0.19 per share, payable on November 25, 2025, to shareholders of record as of November 11, 2025 [1][2] - The CEO emphasized the company's commitment to delivering consistent shareholder returns and highlighted the strength of its operating performance [2] - FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, and has approximately $16.2 billion in total assets with 91 full-service branches [3] Financial Performance - For the third quarter of 2025, FB Financial reported net income of $23.4 million, or $0.43 per diluted common share, compared to $0.06 in the previous quarter and $0.22 in the same quarter last year [5] - Adjusted net income for the same period was $57.6 million, or $1.07 per diluted common share, compared to $0.88 in the previous quarter and $0.86 in the third quarter of the previous year [5] Executive Changes - FB Financial announced strategic executive appointments, with Michael Mettee becoming Chief Operating Officer and Chief Financial Officer, and Scott Tansil being named Chief Business and Operations Officer [7]

Core Points - FB Financial Corporation declared a quarterly cash dividend of $0.19 per share, payable on November 11, 2025, to shareholders of record as of November 25, 2025 [1][2] - The CEO emphasized the company's commitment to delivering consistent shareholder returns and highlighted the strength of its operating performance [2] - FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, with approximately $16.2 billion in total assets and 91 full-service branches [3] Financial Performance - For the third quarter of 2025, FB Financial reported net income of $23.4 million, or $0.43 per diluted common share, compared to $0.06 in the previous quarter and $0.22 in the same quarter last year [6] - Adjusted net income for the same period was $57.6 million, or $1.07 per diluted common share, compared to $0.88 in the previous quarter and $0.86 in the third quarter of the previous year [6] Executive Changes - FB Financial announced strategic executive appointments, with Michael Mettee becoming Chief Operating Officer and Chief Financial Officer, and Scott Tansil being named Chief Business and Operations Officer [8]

Core Insights - FB Financial Corporation (NYSE:FBK) is enhancing its market position through strategic mergers and organic growth initiatives, competing effectively in the financial services sector [1] Financial Performance - FB Financial's stock price is currently $56.86, with a potential increase of about 10.8% as per the price target set by Stephen Scouten from Piper Sandler at $63 [2][6] - The company's net interest margin has risen to 3.95%, and the tangible return on equity has improved to 14.7%, indicating strong financial health and operational efficiency [3][6] Credit Quality and Dividends - FB Financial maintains strong credit quality, which is essential for sustaining investor confidence and long-term growth [4] - The company's commitment to annual dividend increases enhances its appeal as a long-term dividend growth opportunity, attracting investors seeking stable returns [4][6] Market Position - FBK has a market capitalization of approximately $3.06 billion and a trading volume of 942,331 shares, indicating its significance on the NYSE [5]

Group 1 - HCI Group Inc and FB Financial Corp are identified as potentially overbought stocks in the financial sector, with RSI values above 70 [2][3][4] - HCI Group reported better-than-expected second-quarter earnings, highlighting solid profitability and growth in book value per share, with a stock price increase of approximately 11% over the past month [7] - FB Financial also posted positive quarterly results, achieving aggressive growth and profitability goals, with a stock price increase of around 12% over the past month [7] Group 2 - HCI Group's stock closed at $198.09, with an RSI value of 70.5 and a momentum score of 83.85 [7] - FB Financial's stock closed at $58.60, with an RSI value of 70.3 [7]

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Core Insights - FB Financial (FBK) reported a revenue of $173.88 million for the quarter ended September 2025, marking a 94.2% increase year-over-year, with an EPS of $1.07 compared to $0.86 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $168.86 million by 2.97%, and the EPS also surpassed the consensus estimate of $1.03 by 3.88% [1] Financial Performance Metrics - Net Interest Margin was reported at 4%, exceeding the average estimate of 3.8% from three analysts [4] - Core Efficiency Ratio stood at 53.3%, better than the estimated 54.9% from two analysts [4] - Average Earning Assets were $14.87 billion, slightly above the average estimate of $14.82 billion [4] - Net Charge-offs during the period to Average Loans outstanding were 0.1%, matching the average estimate [4] - Mortgage banking income was $13.48 million, slightly below the average estimate of $13.7 million [4] - Total Noninterest income was reported at $26.64 million, lower than the estimated $28.17 million [4] - Net interest income (tax-equivalent basis) was $148.09 million, surpassing the average estimate of $142.07 million [4] - Other Income was $2.12 million, below the average estimate of $3.17 million [4] - Service charges on deposit accounts were $4.05 million, exceeding the average estimate of $3.43 million [4] - Net Interest Income was $147.24 million, higher than the estimated $139.71 million [4] - ATM and interchange fees were reported at $3.39 million, above the average estimate of $2.91 million [4] - Investment services and trust income was $4.23 million, slightly above the average estimate of $4.04 million [4] Stock Performance - FB Financial shares have returned +7.2% over the past month, outperforming the Zacks S&P 500 composite's +1.1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Financial Data and Key Metrics Changes - The company reported an EPS of $0.43 and an adjusted EPS of $1.07 for Q3 2025, with a tangible book value per share growing at a compounded annual growth rate of 11.8% since the IPO [7][10] - Pre-tax pre-provision net revenue (PPNR) was $64 million, or $81 million on an adjusted basis, with a net interest margin of 3.95% and an efficiency ratio of 63.2% [9][10] - Adjusted return on average assets was 0.58%, or 1.43% on an adjusted basis, and return on tangible common equity was 5.82%, or 14.7% on an adjusted basis [10] Business Line Data and Key Metrics Changes - Net interest income for the quarter was $147.2 million, a 32.2% increase from the prior quarter and a 38.9% increase from the same quarter last year [19] - Non-interest income on an adjusted basis was $27.3 million, up from $25.8 million in the prior quarter, with increases in mortgage banking and investment services [20] - Total non-interest expense was $109.9 million, including $16.1 million in merger and integration costs, with an adjusted core efficiency ratio improving to 53.3% from 56.9% [21][22] Market Data and Key Metrics Changes - The company remains bullish on markets in Tennessee, Alabama, Georgia, Northern Kentucky, and North Carolina, expecting to capitalize on market disruptions due to industry consolidation [12][14] - The company executed a targeted deposit campaign, resulting in approximately $320 million in net new deposit balances, despite a decrease in non-relationship deposits [27] Company Strategy and Development Direction - The company aims for growth through both organic and inorganic means, focusing on contiguous geography and compatible culture for acquisitions [15][64] - The management emphasizes a client-first model and scalable processes to navigate anticipated market disruptions and drive organic growth [14][16] - The company plans to maintain a strong balance sheet to capitalize on growth opportunities and market disruptions [16][18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the loan pipeline, indicating it is as strong as it has been in two years, despite temporary disruptions from the merger [43][44] - The company expects to achieve 50% of deal synergies in the second half of 2025 and 100% in 2026, with a focus on maintaining a strong capital position [21][29] - Management anticipates continued margin expansion and a stable outlook on credit, with a non-performing assets ratio of 0.89% [24][30] Other Important Information - The company completed the merger with Southern States Bancshares on July 1, 2025, and successfully transitioned to operating as a single entity by September 2, 2025 [11] - The company repurchased approximately $24 million of its shares during the quarter [27] Q&A Session Summary Question: Impact of Southern States Bancshares on margin and deposit rates - Management indicated that the Southern States balance sheet added approximately 6 to 8 basis points to the core margin, with expectations of maintaining a margin in the mid-3.80% range despite anticipated rate cuts [38][40] Question: Confidence in loan growth and pipeline - Management expressed confidence in the loan pipeline, noting it is robust and that core deposit growth is essential for sustaining loan growth [43][44] Question: Growth expectations and market opportunities - Management acknowledged the potential for growth from market disruptions and emphasized a balanced approach between organic and inorganic growth strategies [64][78] Question: Capital management and future growth - Management discussed maintaining elevated capital levels to take advantage of growth opportunities while also considering share repurchases [118][120] Question: Expectations for mortgage division performance - Management noted potential upside in the mortgage division with possible rate cuts, emphasizing a focus on purchase loans rather than refinances [100][106]