Financial Performance - Total interest income for Q1 2022 was $95,127,000, compared to $94,785,000 in Q1 2021, representing a 0.4% increase[13] - Net interest income after provisions for credit losses was $92,429,000 in Q1 2022, down from $96,430,000 in Q1 2021, a decrease of 4.1%[13] - Net income applicable to FB Financial Corporation for Q1 2022 was $35,236,000, a decline of 33.6% from $52,874,000 in Q1 2021[13] - Earnings per share (EPS) for Q1 2022 was $0.74, down from $1.12 in Q1 2021, reflecting a decrease of 33.9%[13] - Total noninterest income for Q1 2022 was $41,392,000, compared to $66,730,000 in Q1 2021, indicating a significant decline of 38%[13] - Total noninterest expenses decreased to $89,272,000 in Q1 2022 from $94,698,000 in Q1 2021, a reduction of 5.7%[13] - Other comprehensive loss for Q1 2022 was $(77,402,000), compared to $(11,537,000) in Q1 2021, indicating a significant increase in losses[15] Credit Losses and Provisions - Provision for credit losses was $(6,129,000) in Q1 2022, compared to $(11,632,000) in Q1 2021, showing a reduction in provisions by 47.4%[13] - The provision for credit losses was $(6,129,000) for the three months ended March 31, 2022, compared to $(11,632,000) for the same period in 2021, indicating a reduction in expected credit losses[41] - The allowance for credit losses decreased to $120,049 thousand as of March 31, 2022, from $125,559 thousand as of December 31, 2021, reflecting a reduction of approximately 4.0%[39] - The company reported recoveries of loans previously charged-off amounting to $1,198,000 for the three months ended March 31, 2022[41] Cash Flow and Investments - The net cash provided by operating activities for the three months ended March 31, 2022, was $288,148,000, compared to a net cash used of $(172,182,000) in the same period of 2021[19] - The net cash used in investing activities was $(477,754,000) for the three months ended March 31, 2022, compared to a net cash provided of $14,842,000 in the same period of 2021[19] - The net cash provided by financing activities was $135,177,000 for the three months ended March 31, 2022, a significant decrease from $734,575,000 in the same period of 2021[19] - Cash and cash equivalents at the end of the period were $1,743,311,000, down from $1,895,133,000 at the end of the same period in 2021[19] Loans and Loan Quality - Total loans outstanding as of March 31, 2022, reached $8,004,976 thousand, an increase from $7,604,662 thousand as of December 31, 2021, representing a growth of approximately 5.2%[39] - The net loans as of March 31, 2022, were $7,884,927 thousand, up from $7,479,103 thousand at the end of 2021, indicating a net increase of about 5.4%[39] - The company has shown a strong performance in the residential mortgage sector, with a total of $1,270,467,000 in loans[53] - The total amount of loans current on payments and accruing interest was $7,530,909 as of March 31, 2022[56] Derivatives and Hedging - The company has entered into designated cash flow hedges to hedge interest rate exposure on floating rate subordinated debentures amounting to $30.9 million[250] - Interest rate swap contracts were designated at fair value hedges to hedge interest rate exposure on subordinated debt issuance of $97.4 million[250] - The company utilizes derivative financial instruments to mitigate interest rate risk exposure and facilitate customer needs[247] Capital and Equity - The Company met all capital adequacy requirements as of March 31, 2022, under U.S. Basel III Capital Rules[120] - Total Capital to risk-weighted assets for FB Financial Corporation was $1,456,669, representing a ratio of 14.2% as of March 31, 2022[123] - Tier 1 Capital to risk-weighted assets for FB Financial Corporation was $1,264,358, with a ratio of 12.3% as of March 31, 2022[123] - Common Equity Tier 1 Capital to risk-weighted assets for FB Financial Corporation was $1,234,358, reflecting a ratio of 12.0% as of March 31, 2022[123] Restructuring and Strategic Changes - The company expects to incur total pre-tax restructuring charges of approximately $11,000 to $13,000 due to the discontinuation of its Direct-to-Consumer channel, which accounted for 43.4% of total interest rate lock volume in Q1 2022[27] - The Mortgage segment's restructuring includes the discontinuation of the Direct-to-Consumer delivery channel, which accounted for 43.4% of total interest rate lock volume in Q1 2022[115] Tax and Deferred Assets - The Company’s effective tax rate for the three months ended March 31, 2022, was 20.9%, down from 22.8% for the same period in 2021[75] - As of March 31, 2022, the net deferred tax assets amounted to $9,748,000, compared to a liability of $6,820,000 as of December 31, 2021[77]

FB Financial Corporation (NYSE:FBK) Q1 2022 Earnings Conference Call April 19, 2022 1:00 PM ET Company Participants Chris Holmes – President and Chief Executive Officer Robert Hoehn – Director of Corporate Finance Michael Mettee – Chief Financial Officer Robert Wade Peery – Chief Administrative Officer Conference Call Participants Stephen Scouten – Piper Sandler Brett Rabatin – Hovde Group Brandon King – Truist Securities Kevin Fitzsimmons – D.A. Davidson Catherine Mealor – Keefe, Bruyette and Woods Jordan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________________________________ Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, Par Value $1.00 Per Share FBK New York Stock Exchange 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, 2021 OR ☐ TRANSITIO ...

FB Financial Corporation (NYSE:FBK) Q4 2021 Earnings Conference Call January 18, 2022 9:00 AM ET Company Participants Chris Holmes – President and Chief Executive Officer Robert Hoehn – Director of Corporate Finance Michael Mettee – Chief Financial Officer Wade Peery – Chief Administrative Officer Conference Call Participants Brett Rabatin – Hovde Group Matt Olney – Stephens Jennifer Demba – Truist Securities Kevin Fitzsimmons – D.A. Davidson Catherine Mealor – Keefe, Bruyette and Woods (KBW) Alex Lau – JPM ...

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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commiss ...

B Financial Corporation 2021 Third Quarter Earnings Presentation October 19, 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 ongoing impact of the COVID-19 global pandemic and new virus variants on FB Financial Corporation's (the "Compa ...

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]