FB Financial Corporation (NYSE:FBK) Q3 2021 Earnings Conference Call October 19, 2021 9:00 AM ET Company Participants Robert Hoehn - Director of Corporate Finance Chris Holmes - President and Chief Executive Officer Michael Mettee - Chief Financial Officer Greg Bowers - Chief Credit Officer Conference Call Participants Brett Rabatin - Hovde Group Stephen Scouten - Piper Sandler Matt Olney - Stephens Jennifer Demba - Truist Securities Kevin Fitzsimmons - D.A. Davidson Catherine Mealor - KBW Alex Lau - JPMorg ...

PART I. FINANCIAL INFORMATION [Consolidated Financial Statements](index=4&type=section&id=Item%201.%20Consolidated%20Financial%20Statements) This section presents the unaudited consolidated financial statements for FB Financial Corporation for the quarterly period ended June 30, 2021, including detailed notes on accounting policies, mergers, and key financial items [Note 1: Basis of Presentation](index=10&type=section&id=Note%20(1)%E2%80%94Basis%20of%20presentation) The unaudited consolidated financial statements are prepared in accordance with U.S. GAAP for interim reporting, highlighting continued uncertainty from the COVID-19 pandemic and using the two-class method for EPS calculation - As of June 30, 2021, the company operated **81 full-service branches** across Tennessee, Alabama, southern Kentucky, and north Georgia, along with a national mortgage business[24](index=24&type=chunk) - The company acknowledges continued uncertainty regarding the long-term economic effects of the COVID-19 pandemic, particularly the Delta variant, which could materially impact business operations and financial results[25](index=25&type=chunk) Earnings Per Share (EPS) Calculation | Period | Basic EPS | Diluted EPS | | :--- | :--- | :--- | | **Three Months Ended June 30, 2021** | $0.91 | $0.90 | | **Three Months Ended June 30, 2020** | $0.71 | $0.70 | | **Six Months Ended June 30, 2021** | $2.03 | $2.00 | | **Six Months Ended June 30, 2020** | $0.75 | $0.74 | [Note 2: Mergers and Acquisitions](index=13&type=section&id=Note%20(2)%E2%80%94Mergers%20and%20acquisitions) This note details two acquisitions: the Franklin Financial Network, Inc. merger for approximately $477.8 million, adding $3.63 billion in assets, and the FNB Financial Corp. acquisition for $50.0 million, adding $258.2 million in assets - Effective August 15, 2020, the Company completed its merger with Franklin Financial Network, Inc., acquiring **$3.63 billion** in assets, **$2.79 billion** in loans, and **$3.12 billion** in deposits for aggregate consideration of approximately **$477.8 million**[31](index=31&type=chunk) - Effective February 14, 2020, the Company acquired FNB Financial Corp. for approximately **$50.0 million**, adding **$258.2 million** in assets and expanding the Company's footprint into Kentucky[34](index=34&type=chunk) - Following the acquisitions, the company recorded provisions for credit losses on non-PCD loans of **$52.8 million** (Franklin) and **$2.9 million** (Farmers National), and an increase in provision for unfunded commitments of **$10.5 million** related to the Franklin acquisition[41](index=41&type=chunk) [Note 3: Investment Securities](index=17&type=section&id=Note%20(3)%E2%80%94Investment%20securities) The company's available-for-sale (AFS) debt securities portfolio increased to $1.40 billion at fair value as of June 30, 2021, primarily composed of residential mortgage-backed and municipal securities, with no allowance for credit losses recorded Available-for-Sale Debt Securities Portfolio (Fair Value) | Security Type | June 30, 2021 (in millions) | December 31, 2020 (in millions) | | :--- | :--- | :--- | | Mortgage-backed securities - residential | $1,035.0 million | $773.3 million | | Municipal securities | $332.9 million | $356.3 million | | Other Securities | $36.5 million | $42.7 million | | **Total** | **$1.40 billion** | **$1.17 billion** | - As of June 30, 2021, securities with a carrying amount of **$998.0 million** were pledged to secure a Federal Reserve Bank line of credit, public deposits, and repurchase agreements[46](index=46&type=chunk) - The company evaluated AFS debt securities with unrealized losses and recorded **no allowance for credit loss**, citing that the majority of the portfolio was either government guaranteed, issued by a government-sponsored entity, or highly rated[54](index=54&type=chunk) [Note 4: Loans and Allowance for Credit Losses](index=20&type=section&id=Note%20(4)%E2%80%94Loans%20and%20allowance%20for%20credit%20losses) Gross loans increased slightly to $7.20 billion, while the Allowance for Credit Losses (ACL) decreased to $144.7 million due to improving macroeconomic forecasts, with nonperforming loans at $59.5 million and COVID-19 deferrals significantly reduced Loan Portfolio Composition | Loan Category | June 30, 2021 (in millions) | December 31, 2020 (in millions) | | :--- | :--- | :--- | | Commercial real estate: Non-owner occupied | $1,675.2 million | $1,599.0 million | | Commercial and industrial | $1,238.9 million | $1,346.1 million | | Construction | $1,145.2 million | $1,222.2 million | | Residential real estate: 1-to-4 family | $1,126.6 million | $1,089.3 million | | Commercial real estate: Owner occupied | $923.6 million | $924.8 million | | Other | $1,089.8 million | $901.5 million | | **Gross Loans** | **$7.20 billion** | **$7.08 billion** | - The Allowance for Credit Losses (ACL) decreased from **$170.4 million** at Dec 31, 2020, to **$144.7 million** at June 30, 2021, driven by a net provision reversal of **$24.5 million** for the six-month period, resulting from improving macroeconomic variables used in the CECL model[58](index=58&type=chunk)[60](index=60&type=chunk) - As of June 30, 2021, loans remaining in COVID-19 deferral status totaled **$73.9 million** (**1.0%** of total loans), a significant decrease from **$202.5 million** (**2.9%** of total loans) at December 31, 2020[88](index=88&type=chunk)[90](index=90&type=chunk) [Note 12: Segment Reporting](index=54&type=section&id=Note%20(12)%E2%80%94Segment%20reporting) The company operates through Banking and Mortgage segments, with Banking generating $56.2 million in pre-tax income and Mortgage $0.5 million for Q2 2021, following a realignment of mortgage activities Segment Income Before Taxes (in millions) | Segment | Three Months Ended June 30, 2021 | Three Months Ended June 30, 2020 | Six Months Ended June 30, 2021 | Six Months Ended June 30, 2020 | | :--- | :--- | :--- | :--- | :--- | | **Banking** | $56.2 million | $(3.3) million | $108.3 million | $(10.5) million | | **Mortgage** | $0.5 million | $33.6 million | $16.9 million | $41.6 million | | **Consolidated** | **$56.7 million** | **$30.3 million** | **$125.2 million** | **$31.2 million** | - On March 31, 2021, the company realigned its segments to move all retail mortgage activities into the Mortgage segment, with prior period results revised, reclassifying a net contribution of **$5.4 million** for Q2 2020 and **$8.9 million** for H1 2020 from the Banking to the Mortgage segment[137](index=137&type=chunk) [Note 13: Minimum Capital Requirements](index=59&type=section&id=Note%20(13)%E2%80%94Minimum%20capital%20requirements) Both the holding company and its bank subsidiary met all capital adequacy requirements and were considered well-capitalized as of June 30, 2021, opting into the five-year transition period for CECL regulatory capital effects Regulatory Capital Ratios as of June 30, 2021 | Ratio | FB Financial Corporation (Actual) | FirstBank (Actual) | Well-Capitalized Minimum (Bank) | | :--- | :--- | :--- | :--- | | **Common Equity Tier 1 (CET1)** | 12.4% | 12.2% | 6.5% | | **Tier 1 Capital** | 12.7% | 12.2% | 8.0% | | **Total Capital** | 14.9% | 14.2% | 10.0% | | **Tier 1 Leverage** | 10.1% | 9.7% | 5.0% | - The company adopted the **five-year transition option** to delay the estimated impact of CECL on its regulatory capital[144](index=144&type=chunk) Consolidated Balance Sheet Highlights (Unaudited) | Metric | June 30, 2021 (in millions) | December 31, 2020 (in millions) | | :--- | :--- | :--- | | **Total Assets** | $11.92 billion | $11.21 billion | | **Net Loans** | $7.05 billion | $6.91 billion | | **Total Deposits** | $10.20 billion | $9.46 billion | | **Total Liabilities** | $10.55 billion | $9.92 billion | | **Total Shareholders' Equity** | $1.37 billion | $1.29 billion | Consolidated Income Statement Highlights (Unaudited) | Metric | Three Months Ended June 30, 2021 (in millions) | Three Months Ended June 30, 2020 (in millions) | Six Months Ended June 30, 2021 (in millions) | Six Months Ended June 30, 2020 (in millions) | | :--- | :--- | :--- | :--- | :--- | | **Net Interest Income** | $86.6 million | $55.3 million | $169.1 million | $111.6 million | | **Provision for Credit Losses** | $(12.9) million | $24.0 million | $(24.5) million | $52.0 million | | **Noninterest Income** | $49.3 million | $81.5 million | $116.0 million | $124.2 million | | **Noninterest Expense** | $93.0 million | $80.6 million | $187.7 million | $149.1 million | | **Net Income** | $43.3 million | $22.9 million | $96.2 million | $23.6 million | | **Diluted EPS** | $0.90 | $0.70 | $2.00 | $0.74 | [Management's Discussion and Analysis of Financial Condition and Results of Operation](index=54&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operation) Management analyzes the company's Q2 and H1 2021 financial performance, highlighting increased net income from provision reversals, strong net interest income growth, and a decline in mortgage banking income [Overview of Recent Financial Performance](index=72&type=section&id=Overview%20of%20recent%20financial%20performance) Net income significantly increased in Q2 and H1 2021, primarily driven by a reversal of the provision for credit losses due to an improved economic outlook, while noninterest income decreased from lower mortgage banking activity Key Performance Metrics | Metric | Q2 2021 | Q2 2020 | H1 2021 | H1 2020 | | :--- | :--- | :--- | :--- | :--- | | **Net Income (in millions)** | $43.3 | $22.9 | $96.2 | $23.6 | | **Diluted EPS** | $0.90 | $0.70 | $2.00 | $0.74 | | **ROAA** | 1.46% | 1.30% | 1.66% | 0.70% | | **ROAE** | 13.0% | 11.6% | 14.7% | 6.07% | - The primary driver for the increase in net income was a reversal of provisions for credit losses of **$13.8 million** in Q2 2021, compared to a provision expense of **$25.9 million** in Q2 2020[183](index=183&type=chunk) [Results of Operations Analysis](index=75&type=section&id=Results%20of%20operations) Net interest income grew significantly due to the Franklin merger and lower cost of funds, despite NIM compression to 3.18%, while noninterest income fell due to decreased mortgage banking activity and noninterest expense rose from higher salaries - Tax-equivalent net interest income increased **56%** to **$87.3 million** in Q2 2021, driven by higher loan volumes from the Franklin merger and a lower cost of customer time deposits (**0.63%** in Q2 2021 vs. **1.78%** in Q2 2020)[196](index=196&type=chunk) - Net interest margin (tax-equivalent) decreased by **32 basis points** to **3.18%** in Q2 2021, negatively impacted by approximately **37 basis points** from excess liquidity[183](index=183&type=chunk)[199](index=199&type=chunk) - Mortgage banking income decreased to **$35.5 million** in Q2 2021 from **$72.2 million** in Q2 2020, as interest rate lock volume fell **20.7%** and refinancing activity dropped to **58.2%** of volume from **79.8%** in the prior year[220](index=220&type=chunk)[222](index=222&type=chunk) - Salaries, commissions, and employee benefits expense increased by **$7.1 million** (**12.9%**) in Q2 2021, mainly due to increased headcount from the Franklin acquisition and investment in revenue producers[227](index=227&type=chunk) [Financial Condition Analysis](index=92&type=section&id=Financial%20condition) Total assets grew 6.3% to $11.92 billion, driven by increases in cash and AFS securities, while asset quality improved with nonperforming assets decreasing to $78.2 million, and total deposits grew to $10.20 billion with a shift to lower-cost accounts - Total assets increased by **$711.0 million** to **$11.92 billion** at June 30, 2021, primarily due to a **$399.0 million** increase in cash and cash equivalents and a **$232.0 million** increase in available-for-sale securities[186](index=186&type=chunk)[236](index=236&type=chunk) - Total deposits increased by **$746.0 million** to **$10.20 billion**, reflecting growth in noninterest-bearing and interest-bearing checking accounts, while customer time deposits decreased by **$134.0 million**[278](index=278&type=chunk) - Nonperforming assets decreased to **$78.2 million**, or **0.66%** of total assets, at June 30, 2021, compared to **$84.2 million**, or **0.75%** of total assets, at December 31, 2020[259](index=259&type=chunk)[262](index=262&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=98&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company's primary market risk is interest rate risk, monitored via NII and EVE simulations, indicating an asset-sensitive balance sheet that benefits from rising rates, with derivatives used for mitigation Interest Rate Sensitivity Analysis (as of June 30, 2021) | Change in Interest Rates (bps) | % Change in Year 1 Net Interest Income | % Change in Economic Value of Equity (EVE) | | :--- | :--- | :--- | | +400 | 41.4% | 13.8% | | +300 | 30.6% | 11.7% | | +200 | 19.8% | 8.86% | | +100 | 9.40% | 4.86% | | -100 | (5.62)% | (6.98)% | | -200 | (7.08)% | (10.6)% | - The company's interest rate risk modeling indicates an **asset-sensitive position** as of June 30, 2021, primarily due to the floating-rate structure of its loan portfolio and a strong core deposit base[309](index=309&type=chunk) [Controls and Procedures](index=100&type=section&id=Item%204.%20Controls%20and%20Procedures) The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of June 30, 2021, with no material changes to internal control over financial reporting during the quarter - The CEO and CFO concluded that as of June 30, 2021, the company's disclosure controls and procedures were **effective**[313](index=313&type=chunk) - No changes occurred during the quarter ended June 30, 2021, that have materially affected, or are reasonably likely to materially affect, the company's internal control over financial reporting[313](index=313&type=chunk) PART II. OTHER INFORMATION [Legal Proceedings](index=101&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material pending legal proceedings against it or its subsidiaries - As of the report date, there are **no material pending legal proceedings** against the company or its subsidiaries[317](index=317&type=chunk) [Risk Factors](index=101&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2020 - **No material changes** to the risk factors from the company's 2020 Form 10-K were reported[318](index=318&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=101&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) A stock repurchase plan for up to $100 million was approved in February 2021, but no shares were repurchased under this plan during the quarter ended June 30, 2021 - A stock repurchase plan for up to **$100.0 million** was approved in February 2021[319](index=319&type=chunk) - **No shares** of common stock were repurchased by the company during the three months ended June 30, 2021[319](index=319&type=chunk)[320](index=320&type=chunk) [Exhibits](index=102&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed as part of the Form 10-Q, including corporate governance documents, a new employment agreement, CEO and CFO certifications, and Inline XBRL documents - Key exhibits filed with the report include the **CEO and CFO certifications** required under Sarbanes-Oxley Sections 302 and 906[322](index=322&type=chunk)

B Financial Corporation 2021 Second Quarter Earnings Presentation July 20, 2021 Forward–Looking Statements Certain statements contained in this presentation that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the projected impact of the COVID-19 global pandemic on our business operations, statements relating to the benefits, ...

Financial Data and Key Metrics Changes - The company reported annualized loan growth of 13.9% excluding PPP loans, with adjusted EPS of $0.88, adjusted return on average assets of 1.43%, and adjusted return on tangible common equity of 15.8% [9][12][24] - Tangible book value per share increased to $20.43, reflecting a 16.4% annualized growth rate [9] Business Line Data and Key Metrics Changes - Loan growth excluding PPP amounted to $240 million, with a significant contribution from multifamily loans and a decrease in loan paydowns [12][53] - The mortgage segment contributed approximately $550,000, with expectations for a contribution of $2 million to $4 million in Q3 [34][68] Market Data and Key Metrics Changes - The company observed strong economic activity across its markets, particularly in Middle Tennessee, Knoxville, North Alabama, and Birmingham, which contributed to robust loan growth [13][19] - The company noted a decline in overall deferrals to $74 million, with net charge-offs at only 2 basis points, indicating improved credit quality [12][32] Company Strategy and Development Direction - The company is focused on organic growth and enhancing operational technology and customer experience to create a high-performing bank in the Southeast [17][19] - The management is open to opportunistic M&A but emphasizes the importance of executing at a high level before pursuing acquisitions [21][62] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the economic recovery and the performance of the loan portfolio, while monitoring the impact of the Delta variant on business confidence [26][114] - The company anticipates continued loan growth for the remainder of 2021, adjusting guidance to high single-digit growth [15][80] Other Important Information - The company has seen a significant increase in its securities portfolio, with a $179 million increase in Q2, reflecting a conservative approach to duration risk [40] - The management expects further releases in reserves as economic conditions improve, with a focus on maintaining a prudent level of reserves [44][45] Q&A Session Summary Question: What contributed to the impressive loan growth? - Management indicated that loan growth was balanced across various segments, with multifamily loans showing significant growth due to fewer paydowns [52][53] Question: What is the outlook for mortgage contributions? - The guidance for mortgage contributions in Q3 is $2 million to $4 million, not accounting for recent rate changes [68] Question: How does the company view M&A opportunities? - The company maintains a list of potential M&A targets within its footprint, focusing on quality banks that align with its growth strategy [21][62] Question: What are the expectations for capital deployment? - Management is considering share repurchases as capital accumulates, especially given the current valuation [66] Question: How is the company addressing housing supply shortages? - Management believes the housing supply issue is a longer-term challenge, particularly in Nashville, due to strong economic growth and in-migration [106][107]

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37875 _____________________________________________________________ FB FINANCIAL CORPORATION UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ FORM 10-Q ______ ...

FB Financial Corporation (NYSE:FBK) Q1 2021 Earnings Conference Call April 27, 2021 9:00 AM ET Company Participants Robert Hoehn - Director of Corporate Finance Chris Holmes - President and Chief Executive Officer Michael Mettee - Chief Financial Officer Greg Bowers - Chief Credit Officer Wib Evans - President of FB Ventures Conference Call Participants Catherine Mealor - KBW Stephen Scouten - Piper Sandler Jennifer Demba - Truist Securities Matt Olney - Stephens Inc Alex Lau - JPMorgan Operator Good morni ...

Financial Performance - As of December 31, 2020, FB Financial Corporation had total assets of $11.21 billion, loans held for investment of $7.08 billion, total deposits of $9.46 billion, and total shareholders' equity of $1.29 billion[13]. - Net income decreased to $63.6 million in 2020 from $83.8 million in 2019, with diluted earnings per share dropping from $2.65 to $1.67[210]. - Total interest income increased to $314,644,000 in 2020 from $282,537,000 in 2019, representing a growth of 11.4%[186]. - Net interest income rose to $265,658,000 in 2020, up from $226,036,000 in 2019, reflecting an increase of 17.5%[186]. - Total noninterest income surged to $301,855,000 in 2020, up from $135,397,000 in 2019, marking a growth of 122.5%[186]. - Basic net income per share decreased to $1.69 in 2020 from $2.70 in 2019, a decline of 37.4%[186]. - The return on average tangible common equity for 2020 was 8.54%, compared to 15.4% in 2019[193]. - The net interest margin (tax-equivalent basis) decreased to 3.46% in 2020 from 4.34% in 2019, a decline of 20.2%[186]. - Total common shareholders' equity rose to $1,291,289,000 in 2020 from $762,329,000 in 2019, indicating an increase of 69.5%[186]. Mergers and Acquisitions - The company completed its largest merger with Franklin Financial Network, Inc. on August 15, 2020, acquiring total assets of $3.63 billion, loans of $2.79 billion, and total deposits of $3.12 billion for a transaction valued at $477.8 million[17]. - The acquisition of FNB Financial Corp. on February 14, 2020, added four branches and expanded the company's footprint into Kentucky, with total assets of $258.2 million and loans of $182.2 million[17]. - The merger with Franklin resulted in goodwill of $67.2 million being recorded based on the fair value of total assets acquired and liabilities assumed[199]. - The company incurred merger expenses totaling $34.9 million related to acquisitions during 2020[210]. Market Position and Strategy - The Nashville metropolitan area accounted for 50% of total deposits as of June 30, 2020, with deposits amounting to $4.77 billion and a market share of 5.9%[20]. - The company has a competitive advantage in metropolitan markets due to its comprehensive product suite and local decision-making authority, which appeals to small to medium-sized businesses[21]. - The company has strategically deployed capital to focus on high-growth metropolitan markets and stable community markets, enhancing its growth opportunities[13]. - The company’s community markets are characterized by stability and limited competition, allowing for an attractive profitability profile[21]. - The company has completed 13 acquisitions in the past 25 years, focusing on enhancing market penetration and minimizing tangible book value dilution[26]. Risk Management - The company maintains a comprehensive risk management framework to address various risks, including credit, interest rate, and operational risks[29]. - The company has a robust credit risk management program, with ongoing monitoring of loan portfolio performance and a Chief Credit Officer overseeing the integrity of the portfolio[38]. - The loan approval process emphasizes local authority and thorough underwriting, ensuring compliance with credit policies[31]. - The company’s credit risk approval and monitoring procedures may not fully eliminate risks associated with the loan portfolio, particularly during economic disruptions[110]. Regulatory Environment - The Dodd-Frank Act requires the Consumer Financial Protection Bureau (CFPB) to regulate banks with assets over $10 billion, leading to increased regulatory compliance costs for the company[58]. - The U.S. Basel III Capital Rules impose minimum capital requirements, including a common equity Tier 1 risk-based capital ratio of 4.5% and a total risk-based capital ratio of 8%[68]. - The company is now subject to "say on pay" and "say-on-golden-parachute" votes every three years due to the Dodd-Frank Act, affecting executive compensation governance[58]. - The company is subject to various federal and state regulatory limitations regarding dividend payments, which may affect future distributions[179]. Technology and Innovation - The company has invested significantly in technology and infrastructure to improve efficiency and support future growth[28]. - Significant technology investments in 2020 included onboarding over 61,000 customers with over 100,000 accounts and enhancing online banking platforms for over 65,000 retail customers[50]. - The company plans to continue investing in technology platforms to enhance scalability, resiliency, and customer experience, including data warehouse reporting capabilities and process automation[51]. Impact of COVID-19 - The COVID-19 pandemic has significantly impacted the demand for the Bank's products and services, potentially affecting revenue[102]. - The company participated in the Paycheck Protection Program (PPP), facilitating over 3,000 loans to protect payroll for over 37,000 employees[49]. - The pandemic has led to increased credit losses in the Bank's loan portfolios and a rise in the allowance for credit losses[102]. - The company has not experienced job eliminations due to the COVID-19 pandemic and implemented measures to maintain full pay for associates unable to work due to exposure[48]. Loan Portfolio and Credit Quality - As of December 31, 2020, approximately 77.9% of the loan portfolio consisted of real estate loans, which are sensitive to economic conditions and real estate market downturns[112]. - Commercial real estate loans accounted for 36% of the loan portfolio, with commercial and industrial loans at 19% and construction loans at 17%, indicating significant lending concentration risks[113]. - The percentage of total nonperforming loans to loans held for investment rose to 0.91% as of December 31, 2020, up from 0.60% in 2019[205]. - The company maintains an allowance for credit losses, which is sensitive to macroeconomic forecasts and may require increases based on economic conditions, potentially affecting net income and return on equity[111]. Shareholder Information - The company has approximately 1,962 stockholders of record as of March 5, 2021, with many shares held in "street name" by financial institutions[175]. - The company declared a dividend of $0.09 per share for each quarter of 2020, totaling $14,505,000 for the year[180]. - A new dividend of $0.11 per share was declared for shareholders of record as of February 8, 2021, payable on February 22, 2021[180]. - The board approved a stock repurchase plan for up to $25 million for the year ended December 31, 2020, but no shares were purchased under this plan[182].

FB Financial Corporation (NYSE:FBK) Q4 2020 Earnings Conference Call January 26, 2021 9:00 AM ET Company Participants Robert Hoehn - Director of Corporate Finance Chris Holmes - President & Chief Executive Officer Greg Bowers - Chief Credit Officer Michael Mettee - Interim Chief Financial Officer Conference Call Participants Catherine Mealor - KBW Stephen Scouten - Piper Sandler Matt Olney - Stephens Alex Lau - J.P. Morgan Brock Vandervliet - UBS Ammar Samma - Raymond James Jennifer Demba - Truist Securitie ...

B Financial Corporation 2020 Fourth Quarter and Annual Earnings Presentation January 26, 2021 Forward–Looking Statements Certain statements contained in this press release may constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, without limitation, statements regarding the projected impact of the COVID-19 global pandemic on our business o ...

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 September 30, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-37875 __________________________ ...