Financial Performance - Adjusted net income for Q4 2025 was $61,494, up from $57,606 in Q3 2025, indicating a growth of 3.3%[7] - Net income applicable to FB Financial Corporation was $56,977, representing a 143.8% increase from Sep 2025 and a 50.4% increase from Dec 2024[10] - Basic earnings per share increased to $1.08, a 145.5% increase from Sep 2025 and a 33.3% increase from Dec 2024[10] - Net income for the three months ended December 2025 was $56,977 million, a significant increase compared to $23,375 million in September 2025[65] - Adjusted net income for the year ended December 2025 was $200,029 million, compared to $159,281 million in the previous year[65] Revenue Growth - Total revenue for Dec 2025 was $178,599, up 2.72% from Sep 2025 and 37.0% from Dec 2024[10] - Total revenue grew by 22.9% to $560,010,000, up from $455,573,000 in the previous year[12] - Total noninterest income rose to $28,795, an 8.11% increase from Sep 2025 and a 30.9% increase from Dec 2024[10] - Banking segment total revenue for the three months ended December 2025 was $161,772,000, compared to $157,937,000 in the previous quarter, marking an increase of 1.2%[58] Asset Management - Total assets increased to $16,300,292, up from $16,236,459 in the previous quarter, reflecting a growth of 0.4%[7] - Total assets reached $16,300,292,000, a 23.9% increase compared to $13,157,482,000 in Dec 2024[14] - Total assets as of December 2025 were $16,300,292 million, a slight increase from $16,236,459 million in September 2025[62] Deposits and Loans - Total deposits reached $13,909,961, an increase from $13,812,955 in the previous quarter, marking a growth of 0.7%[7] - Total deposits rose by 2.79% to $13,909,961,000, up from $11,210,434,000 year-over-year[14] - Loans held for investment (HFI) increased to $12,383,626, compared to $12,297,600 in Q3 2025, reflecting a growth of 0.7%[7] - Total loan portfolio as of December 2025 reached $12,383,626, an increase from $12,297,600 in September 2025[35] Efficiency and Ratios - The efficiency ratio improved to 60.2% in Q4 2025, down from 63.2% in Q3 2025, indicating enhanced operational efficiency[7] - The efficiency ratio improved to 57.8% in December 2025 from 61.4% in September 2025[47] - The average interest rate spread improved to 3.21% from 3.14% in the previous quarter[16] - Adjusted return on average tangible common equity was 15.9% for December 2025, an increase from 14.7% in September 2025[65] Interest Income - Net interest income for Q4 2025 was $149,804, compared to $147,240 in Q3 2025, representing a 1.1% increase[7] - Total interest income for Dec 2025 was $235,238, a decrease of 0.70% from Sep 2025 but an increase of 26.2% from Dec 2024[10] - Net interest income for the year ended December 2025 reached $516,100,000, up from $416,503,000 in the previous year, representing a year-over-year increase of 24%[56] Credit Losses - The allowance for credit losses on loans HFI remained stable at 1.50% of loans HFI, consistent with the previous quarter[7] - Provision for credit losses on loans HFI was $2,428, a significant decrease of 91.9% from Sep 2025[10] - Provisions for credit losses were $796 thousand in December 2025, significantly lower than $34,070 thousand in September 2025[47] Shareholder Equity - Total common shareholders' equity increased to $1,948,165 thousand in December 2025 from $1,567,538 thousand in December 2024[44] - Tangible common equity was $1,566,528 million as of December 2025, down from $1,594,474 million in September 2025, reflecting a decrease of 1.1%[62] Liquidity - Cash and cash equivalents amounted to $1,155,895 million, accounting for 64% of total on-balance sheet liquidity[32] - Total available sources of liquidity increased to $9,009,696 million, reflecting a strong liquidity position[32] - On-balance sheet liquidity as a percentage of total assets was 11.1% in December 2025, down from 11.6% in September 2025[62]

Core Insights - FB Financial (FBK) is projected to announce quarterly earnings of $1.14 per share, reflecting a year-over-year increase of 34.1% [1] - Revenues are expected to reach $174.93 million, marking a 34.2% increase from the same quarter last year [1] - There have been no revisions in the consensus EPS estimate over the last 30 days, indicating stability in analysts' forecasts [1] Earnings Estimates - The 'Core Efficiency Ratio' is estimated to be 52.6%, down from 56.1% a year ago [4] - 'Net Interest Margin' is forecasted at 3.9%, an increase from 3.5% reported in the same quarter last year [4] - 'Average Earning Assets' are expected to reach $15.19 billion, up from $12.37 billion a year ago [4] Income Projections - 'Mortgage banking income' is projected to be $11.66 million, compared to $10.59 million in the previous year [5] - 'Total Noninterest income' is expected to be $26.42 million, up from $22.00 million reported last year [5] - 'Net interest income (tax-equivalent basis)' is estimated at $150.43 million, compared to $109.00 million in the same quarter last year [6] Additional Metrics - 'Service charges on deposit accounts' are expected to reach $4.05 million, up from $3.55 million last year [7] - 'Net Interest Income' is projected at $147.77 million, compared to $108.38 million reported in the same quarter last year [7] - 'Investment services and trust income' is forecasted to be $4.24 million, an increase from $3.85 million in the previous year [8] Market Performance - FB Financial shares have returned +3.2% over the past month, outperforming the Zacks S&P 500 composite's +1.6% change [8] - The company holds a Zacks Rank 2 (Buy), indicating expectations to outperform the overall market in the near future [8]

Core Insights - The holiday season is a time for investors to reassess their finances and prepare for the upcoming year, with analysts making S&P 500 projections and gearing up for Q1 earnings [2] Group 1: SEI Investments Co. - SEI Investments is a $10 billion financial services firm transitioning from traditional wealth management to a "wealth-tech" company, providing technology solutions for banks and investors [4] - The SEI Wealth Platform is a key innovation helping legacy financial firms modernize, contributing to analysts' optimism about SEI's transformation [5] - Recent upgrades from Piper Sandler and Keefe, Bruyette, and Woods have moved SEI's stock rating from Neutral to Outperform, with Morgan Stanley raising its price target to $117, indicating a potential upside of nearly 23% [8] Group 2: Copa Holdings SA - Copa Holdings, with a market cap of $5.4 billion, is a significant player in the airline industry, benefiting from its strategic hub in Panama [10] - The company offers a dividend yield of 5.05% with a low payout ratio, and expects to expand capacity by up to 13% with new Boeing aircraft [11] - Analysts have rated Copa Holdings a Strong Buy, with an average price target of $160, suggesting potential upside of over 22% [14] Group 3: FB Financial Corp. - FB Financial, the parent of FirstBank, is focusing on high-growth southern markets following its acquisition by PNC Financial Services Group [15] - Analysts have given FB Financial Outperform ratings, with price targets ranging from $58 to $66, and the stock has already gained more than 5% at the start of 2026 [16] Group 4: Archrock Inc. - Archrock is an energy company specializing in natural gas compression equipment, generating recurring revenue from clients [19] - The company has a 3.27% dividend yield and a 55% payout ratio, making it attractive for income investors [20] - Archrock's stock has received a Strong Buy rating based on analyst upgrades, and it has recently broken above key moving averages, indicating positive momentum [22] Group 5: Serve Robotics Inc. - Serve Robotics is a $1.17 billion company focused on last-mile autonomous delivery, partnering with Uber Eats and DoorDash [23] - Analysts have set high price targets for Serve Robotics, with Oppenheimer rating it a Buy at $20 and Northland Capital Markets raising their target to $26 [25] - The stock has recently broken out of a downtrend, supported by positive technical indicators [25]

Core Viewpoint - FB Financial Corporation will release its 2025 fourth quarter and year-end results on January 21, 2026, after market close [1] Group 1 - The company will host a conference call on January 22, 2026, at 8:00 a.m. Central Time to discuss the results [1]

Core Viewpoint - FB Financial (FBK) has been upgraded to a Zacks Rank 2 (Buy), indicating an upward trend in earnings estimates which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in a company's earnings potential, which is strongly correlated with near-term stock price movements [4]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. FB Financial's Earnings Outlook - The upgrade for FB Financial signifies an improvement in the company's underlying business, which is expected to positively influence its stock price [5]. - The Zacks Consensus Estimate for FB Financial indicates earnings of $3.95 per share for the fiscal year ending December 2025, with a 3.1% increase in estimates over the past three months [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - FB Financial's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].

Core Insights - Mendon Capital Advisors Corp acquired 144,000 shares of FB Financial Corporation, valued at approximately $7.62 million, during the third quarter of 2025 [1][2][10] - This acquisition represents about 2.92% of Mendon Capital's total reportable U.S. equity assets, which amount to approximately $260.71 million as of September 30, 2025 [3] Company Overview - FB Financial Corporation is a regional bank holding company based in Nashville, Tennessee, operating through FirstBank with a network of full-service branches and mortgage offices [6] - The company offers a diversified banking and mortgage platform, focusing on both commercial and retail client needs, and emphasizes local market expertise [6][9] - As of December 5, 2025, FB Financial's market capitalization is $3.05 billion, with a trailing twelve months (TTM) revenue of $815.45 million and net income of $103.55 million [4][6] Performance Metrics - FB Financial's stock price was $56.87 as of December 8, 2025, reflecting a 2.2% increase over the past year, although it underperformed the S&P 500 by 12.1 percentage points [3] - Over the last five years, FB Financial's stock has increased by 81%, trailing the S&P 500's total return of 100% but outperforming the State Street SPDR S&P Regional Banking ETF (KRE), which advanced by only 46% during the same period [12][13] - The compound annual growth rate (CAGR) for FB Financial over the last five years is 12.6%, compared to KRE's CAGR of 7.9% [13]

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]