UNITED STATES SECURITIES AND EXCHANGE COMMISSION 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 March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Washington, D.C. 20549 ______________________________________________________________ For the transition period from ________ to ________ Commission ...

For the quarter ended March 2024, FB Financial (FBK) reported revenue of $107.45 million, down 15.5% over the same period last year. EPS came in at $0.85, compared to $0.76 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $119.84 million, representing a surprise of -10.34%. The company delivered an EPS surprise of +21.43%, with the consensus EPS estimate being $0.70.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

FB Financial (FBK) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.43%. A quarter ago, it was expected that this bank holding company would post earnings of $0.71 per share when it actually produced earnings of $0.77, delivering a surprise of 8.45%.Over the last four quarters, the ...

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].