First Quarter 2024 Financial Supplement TABLE OF CONTENTS | Financial Summary and Key Metrics | 4 | | --- | --- | | Consolidated Statements of Income | 5 | | Consolidated Balance Sheets | 6 | | Average Balance and Interest Yield/Rate Analysis | 7 | | Investments and Other Sources of Liquidity | 9 | | Loan Portfolio | 10 | | Asset Quality | 11 | | Selected Deposit Data | 12 | | Preliminary Capital Ratios | 13 | | Segment Data | 14 | | Non-GAAP Reconciliations | 15 | Page Use of non-GAAP Financial Measures Th ...

Wall Street analysts expect FB Financial (FBK) to post quarterly earnings of $0.70 per share in its upcoming report, which indicates a year-over-year decline of 7.9%. Revenues are expected to be $119.84 million, down 5.8% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to a company's earnings announcement, it is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ Tennessee 62-1216058 (State or other jurisdiction of incorporation or organization) FORM 10-K ______________________________________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHA ...

FirstBank strengthens its board of directors with the addition of respected healthcare veteran NASHVILLE, Tenn., Feb. 5, 2024 /PRNewswire/ -- FirstBank today announced that Milton Johnson, former Chairman and CEO of HCA Healthcare, has been appointed to the board of directors of the bank and FB Financial Corporation, its holding company. A prominent figure across the healthcare industry, Johnson had a 37-year tenure at HCA and served in various financial and senior management positions before retiring as Ch ...

NASHVILLE, Tenn.--(BUSINESS WIRE)--FB Financial Corporation (NYSE: FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on February 27, 2024, to shareholders of record as of February 13, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, “We are pleased with the board of directors’ decision to pay our 24th consecutive quarterly dividend and are happy to be able to increase the dividend by 13% compared to ...

financial measures financial measures financial measures financial measures financial measures Valuable deposit base financial measures GAAP reconciliations and use of non-GAAP 23 26 Adjusted return on average asset, common equity and related measures ACL on loans HFI / loans HFI Net charge-offs (recoveries) / average loans HFI Securities portfolio makes up 11.7% of total assets and does not include any HTM securities 13 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------ ...

Financial Performance - Net income applicable to FB Financial Corporation for the three months ended September 30, 2023, was $19,175 thousand, down 39.7% from $31,831 thousand in the same period last year[13]. - Earnings per share (EPS) for the three months ended September 30, 2023, was $0.41, a decrease from $0.68 in the same period of 2022[13]. - Comprehensive loss income applicable to FB Financial Corporation for the three months ended September 30, 2023, was $(9,816) thousand, compared to $(35,114) thousand in the same period of 2022[14]. - Net income attributable to FB Financial Corporation for Q3 2023 was $19,175,000, a decrease from $31,831,000 in Q3 2022, representing a decline of approximately 40%[16]. - Net income applicable to FB Financial Corporation for the nine months ended September 30, 2023, was $90,863,000, an increase of 5.6% from $86,420,000 in 2022[20]. Asset and Deposit Changes - Total assets decreased to $12,489,631 thousand as of September 30, 2023, down from $12,847,756 thousand at the end of 2022, representing a decline of approximately 2.8%[12]. - Total deposits decreased to $10,639,068 thousand as of September 30, 2023, down from $10,855,834 thousand at the end of 2022, reflecting a decline of approximately 2.0%[12]. - Cash and cash equivalents at the end of the period were $848,318,000, an increase from $618,290,000 at the end of the same period in 2022[20]. - The total carrying amount of deposits without stated maturities was $9,032,433,000 as of September 30, 2023[128]. Income and Expense Analysis - Net interest income for the three months ended September 30, 2023, was $100,926 thousand, a decrease of 9.8% compared to $111,384 thousand for the same period in 2022[13]. - Noninterest income for the three months ended September 30, 2023, was $8,042 thousand, a significant decrease of 64.4% compared to $22,592 thousand in the same period last year[13]. - Total interest paid increased to $185,513,000 in 2023 compared to $31,322,000 in 2022, indicating a substantial rise in interest expenses[21]. - The total lease cost for the three months ended September 30, 2023, was $2,255, a slight decrease from $2,279 in the same period of 2022, reflecting a decline of about 1.1%[94]. Credit Losses and Provisions - Provision for credit losses on loans held for investment was $6,031 thousand for the three months ended September 30, 2023, compared to $8,189 thousand in the same period of 2022, indicating a decrease of 26.4%[13]. - The allowance for credit losses on loans held for investment increased to $146,134 thousand as of September 30, 2023, compared to $134,192 thousand at the end of 2022, representing an increase of 8.5%[12]. - The provision for credit losses on loans HFI for the nine months ended September 30, 2023, totaled $13,603,000, compared to a reversal of $4,784,000 for the same period in 2022[62]. - The company reported recoveries of loans previously charged-off amounting to $235,000 for the three months ended September 30, 2023, compared to $476,000 for the same period in 2022[62]. Shareholder Equity and Dividends - Total shareholders' equity as of September 30, 2023, was $1,372,994,000, compared to $1,281,254,000 as of September 30, 2022, indicating an increase of about 7.1%[16]. - The company declared dividends of $0.15 per share in Q3 2023, up from $0.13 per share in Q3 2022, reflecting a 15.4% increase in dividend payout[16]. - Retained earnings increased to $656,120,000 as of September 30, 2023, from $554,536,000 as of September 30, 2022, marking a growth of approximately 18.4%[16]. Loan Portfolio and Performance - As of September 30, 2023, total gross loans outstanding were $9,287,225, a slight decrease from $9,298,212 as of December 31, 2022[49]. - The company originated loans held for sale totaling $970,131,000 in 2023, a decrease of 54.4% from $2,129,129,000 in 2022[20]. - The total amount of residential real estate loans was $1,553,096,000, with performing loans at $144,807,000 and nonperforming loans at $4,585,000[74]. - The total performing loans for residential real estate increased from $568,210,000 in 2022 to $144,807,000 in 2023, indicating a shift in the loan portfolio[75]. Regulatory and Compliance - The company met all capital adequacy requirements as of September 30, 2023, with a total capital ratio of 14.1% for FB Financial Corporation[157]. - The Tier 1 capital ratio for FB Financial Corporation was 12.1% as of September 30, 2023, exceeding the minimum requirement of 8.5%[157]. - The company implemented its transition plan away from LIBOR following the benchmark's discontinuation effective June 30, 2023, with no material impact on financial statements[31]. Derivatives and Hedging - The notional amount of interest rate contracts as of September 30, 2023, was $579,054 thousand, with assets valued at $48,635 thousand and liabilities at $48,568 thousand[113]. - The Company recognized total losses of $(6,128) thousand and $(9,290) thousand in mortgage banking income for the three months ended September 30, 2023, compared to $(6,922) thousand and $13,942 thousand for the same periods in 2022[113]. - The cumulative decrease in fair value hedging adjustment included in the carrying amount of the hedged item for borrowings was $(1,661) thousand as of September 30, 2023[119]. Employee Compensation and Stock Options - The company granted 166,591 restricted stock units (RSUs) with a weighted average grant date fair value of $35.90 during the nine months ended September 30, 2023[159]. - The total fair value of RSUs vested was $7,601,000 for the nine months ended September 30, 2023, compared to $7,320,000 for the same period in 2022[159]. - Performance-based restricted stock units (PSUs) granted totaled 86,010 with a weighted average grant date fair value of $37.17 during the nine months ended September 30, 2023[163].

FB Financial Corporation (NYSE:FBK) Q3 2023 Results Conference Call October 17, 2023 9:00 AM ET Company Participants Chris Holmes - President and CEO Michael Mettee - CFO Travis Edmondson - Chief Banking Officer Conference Call Participants Stephen Scouten - Piper Sandler Catherine Mealor - KBW Brett Rabatin - Hovde Group Alex Lau - JP Morgan Kevin Fitzsimmons - D.A. Davidson Matt Olney - Stephens Steve Moss - Raymond James Feddie Strickland - Janney Montgomery Scott Operator Good morning and welcome to the ...

Financial Performance - Net income applicable to FB Financial Corporation for the three months ended June 30, 2023, was $35,299 thousand, an increase of 82.3% compared to $19,345 thousand in the same period of 2022[14]. - Earnings per share (EPS) for the second quarter of 2023 was $0.75, up from $0.41 in the same quarter of 2022, indicating an increase of 82.93%[14]. - Comprehensive income applicable to FB Financial Corporation for the three months ended June 30, 2023, was $21,458 thousand, compared to a loss of $29,606 thousand in the same period of 2022[15]. - Net income attributable to FB Financial Corporation for the quarter ended June 30, 2023, was $35,299,000, an increase from $19,345,000 for the same quarter in 2022[18]. - Net income applicable to FB Financial Corporation for the six months ended June 30, 2023, was $71,688,000, an increase of 31.3% compared to $54,589,000 in 2022[23]. - Basic earnings per common share for the six months ended June 30, 2023, was $1.53, up 33.0% from $1.15 in the same period of 2022[33]. Asset and Deposit Growth - Total assets increased to $12,887,395 thousand as of June 30, 2023, compared to $12,847,756 thousand at December 31, 2022, reflecting a growth of 0.31%[13]. - Total deposits remained stable at $10,872,255 thousand as of June 30, 2023, compared to $10,855,834 thousand at December 31, 2022[13]. - As of June 30, 2023, total common shareholders' equity was $1,386,951,000, reflecting a decrease from $1,432,602,000 at December 31, 2021[20]. - The net increase in deposits for the six months ended June 30, 2023, was $15,489,000, contrasting with a decrease of $287,478,000 in the same period of 2022[23]. Income and Expense Analysis - Net interest income for the three months ended June 30, 2023, was $101,543 thousand, slightly down from $102,171 thousand in the same period of 2022, representing a decrease of 0.62%[14]. - Noninterest income for the three months ended June 30, 2023, was $23,813 thousand, down from $33,214 thousand in the same period of 2022, a decrease of 28.3%[14]. - Total noninterest expense decreased to $81,292 thousand for the three months ended June 30, 2023, from $96,997 thousand in the same period of 2022, a reduction of 16.2%[14]. - The company incurred $12,458 thousand in restructuring expenses during the second quarter of 2022 due to exiting the direct-to-consumer internet delivery channel[149]. Credit Loss Provisions - Provision for credit losses on loans held for investment was $2,575 thousand for the three months ended June 30, 2023, compared to $8,181 thousand in the same period of 2022, a decrease of 68.5%[14]. - The provision for credit losses for the six months ended June 30, 2023, totaled $7,572 thousand, indicating a significant decrease compared to the previous year's provision[67]. - The allowance for credit losses on loans held for investment increased to $140,664 thousand as of June 30, 2023, from $134,192 thousand at December 31, 2022[13]. - The company’s allowance for credit losses was qualitatively adjusted due to an uncertain economic outlook, including inflation and predicted Federal Reserve rate increases[61]. Loan Portfolio and Quality - As of June 30, 2023, total loans held for investment amounted to $9,326,024, an increase from $9,298,212 as of December 31, 2022, reflecting a growth of approximately 0.3%[54]. - The Company’s residential real estate loans, including 1-to-4 family mortgages, totaled $1,548,614 as of June 30, 2023, down from $1,573,121 as of December 31, 2022, a decrease of about 1.6%[54]. - The Company’s commercial real estate loans (non-owner occupied) decreased to $1,881,978 as of June 30, 2023, from $1,964,010 as of December 31, 2022, reflecting a decline of approximately 4.2%[54]. - The total amount of nonaccrual loans as of June 30, 2023, was $15,726,000, with $1,313,000 in commercial and industrial loans[83]. Securities and Investments - As of June 30, 2023, the total amortized cost of available-for-sale debt securities was $1,645,373, with a fair value of $1,419,360, reflecting a decrease in fair value of $226,400[43]. - The total carrying amount of securities pledged as of June 30, 2023, was $1,138,262, down from $1,191,021 as of December 31, 2022[44]. - The company reported a net cash provided by investing activities of $53,643,000 for the six months ended June 30, 2023, compared to a net cash used of $1,110,339,000 in 2022[23]. - The total carrying amount of deposits without stated maturities is $9,251,599, with a fair value equal to the carrying amount[134]. Derivative Financial Instruments - The total notional amount of non-designated derivative financial instruments as of June 30, 2023, was $1,567,921,000, with assets valued at $46,121,000 and liabilities at $43,039,000[119]. - The Company reported a loss of $(2,979,000) in mortgage banking income related to non-designated derivative financial instruments for the three months ended June 30, 2023, compared to a gain of $7,274,000 in the same period of 2022[119]. - The estimated fair value of cash flow hedges as of June 30, 2023, was $1,011,000, down from $1,255,000 at the end of 2022[121]. - The Company’s derivative financial assets amounted to $44,150,000, while liabilities were $18,441,000 as of June 30, 2023[126]. Capital and Shareholder Information - The total capital to risk-weighted assets ratio for FB Financial Corporation was 13.9% as of June 30, 2023, exceeding the minimum requirement of 10.5%[161]. - Tier 1 capital to risk-weighted assets ratio for FB Financial Corporation was 11.9% as of June 30, 2023, above the minimum requirement of 8.5%[161]. - The company granted 163,552 restricted stock units (RSUs) during the six months ended June 30, 2023, with a weighted average grant date fair value of $36.04[163]. - The total fair value of RSUs vested and released was $6,393 thousand for the six months ended June 30, 2023[163].

FB Financial Corporation (NYSE:FBK) Q2 2023 Earnings Conference Call July 17, 2023 9:00 AM ET Company Participants Chris Holmes - President and CEO Michael Mettee - CFO Greg Bowers - Chief Credit Officer Conference Call Participants Stephen Scouten - Piper Sandler Catherine Mealor - KBW Kevin Fitzsimmons - D.A. Davidson Matt Olney - Stephens Inc. Brett Rabatin - Hovde Group Alex Lau - JPMorgan Feddie Strickland - Janney Montgomery Scott Operator Good morning and welcome to the FB Financial Corporation's ...