Core Viewpoint - FB Financial (FBK) is expected to report quarterly earnings of $0.84 per share, reflecting a 9.1% increase year-over-year, with revenues forecasted at $130.52 million, a 12.1% increase compared to the previous year [1] Earnings Estimates and Revisions - Changes in earnings estimates are crucial for predicting investor reactions to stock performance, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock price performance [2] Analyst Forecasts - Analysts' forecasts for FB Financial metrics provide valuable insights into the company's performance, with a focus on key metrics routinely monitored by Wall Street [3] Efficiency and Margin Metrics - The 'Efficiency Ratio' is projected to be 59.0%, down from 68.9% in the same quarter last year [4] - The 'Net Interest Margin' is expected to be 3.6%, slightly up from 3.5% in the same quarter last year [4] Asset and Income Estimates - 'Average Earning Assets' are estimated at $12.11 billion, an increase from $11.70 billion in the same quarter last year [5] - 'Mortgage banking income' is projected to reach $10.85 million, compared to $8.38 million a year ago [5] Noninterest and Interest Income - 'Total Noninterest income' is forecasted to be $22.83 million, up from $15.34 million in the same quarter last year [6] - 'Net interest income (tax-equivalent basis)' is expected to reach $108.13 million, compared to $101.92 million a year ago [6] - The consensus for 'Net Interest Income' is $107.54 million, up from $101.09 million in the previous year [6] Investment Services Income - 'Investment services and trust income' is predicted to be $3.44 million, compared to $3.09 million in the same quarter last year [7] Stock Performance - Over the past month, FB Financial shares have declined by 6.2%, while the Zacks S&P 500 composite has decreased by 3.3% [7]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to capitalize on established directions for profitable trades [1] Group 1: FB Financial Overview - FB Financial (FBK) currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy) [2] - Stocks rated Zacks Rank 1 and 2 with Style Scores of A or B have historically outperformed the market over the following month [2] Group 2: Price Performance - FBK shares have increased by 3.47% over the past week, outperforming the Zacks Banks - Northeast industry, which rose by 1.9% [3] - Over the past month, FBK's price change is 4.89%, compared to the industry's 1.86% [3] - In the last quarter, FBK shares rose by 8.38%, and over the past year, they have increased by 63.31%, while the S&P 500 moved 7.36% and 38.52%, respectively [3] Group 3: Trading Volume - FBK's average 20-day trading volume is 131,502 shares, which serves as a price-to-volume baseline for assessing stock performance [4] Group 4: Earnings Outlook - In the past two months, three earnings estimates for FBK have been revised upwards, increasing the consensus estimate from $3.25 to $3.34 [5] - For the next fiscal year, three estimates have also moved upwards with no downward revisions [5] - These positive trends contribute to FBK's status as a 1 (Strong Buy) stock with a Momentum Score of B [5]

FB Financial (FBK) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Individual investors oft ...

We continue our coverage of Q3 regional bank earnings today with FB Financial Corporation (NYSE: FBK ) We had previously opened a trade in this stock a year ago, and this year we backed out the initialPay yourself dividends with outsized returnsGet more with our playbook to significantly grow your wealth by embracing a blended trading and investing approach at our one-stop shop.Our prices go up at the end of the month so act now and you can lock in 75% of savings versus the $1,668 some members pay, which wi ...

For the quarter ended September 2024, FB Financial (FBK) reported revenue of $89.52 million, down 17.9% over the same period last year. EPS came in at $0.86, compared to $0.71 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $127.44 million, representing a surprise of -29.75%. The company delivered an EPS surprise of +4.88%, with the consensus EPS estimate being $0.82.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

FB Financial (FBK) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 4.88%. A quarter ago, it was expected that this bank holding company would post earnings of $0.76 per share when it actually produced earnings of $0.84, delivering a surprise of 10.53%.Over the last four quarters, the ...

The upcoming report from FB Financial (FBK) is expected to reveal quarterly earnings of $0.82 per share, indicating an increase of 15.5% compared to the year-ago period. Analysts forecast revenues of $127.44 million, representing an increase of 17% year over year.Over the last 30 days, there has been a downward revision of 0.2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the cour ...

The market expects FB Financial (FBK) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 15, 2024, might help the stock move higher if these key numbers ...

Cash and Cash Equivalents - Cash and cash equivalents decreased to $800.9 million as of June 30, 2024, compared to $1.16 billion as of June 30, 2023[142] Interest Income and Net Interest Income - Total interest income increased to $177.4 million for the three months ended June 30, 2024, up from $170.2 million in the same period in 2023[142] - Net interest income rose to $102.6 million for the three months ended June 30, 2024, compared to $101.5 million in the same period in 2023[142] - Net interest margin (tax-equivalent basis) increased to 3.57% for the three months ended June 30, 2024, up from 3.40% in the same period in 2023[142] - Yield on interest-earning assets rose to 6.16% for the three months ended June 30, 2024, compared to 5.67% in the same period in 2023[142] - Net interest income increased to $103.3 million for the three months ended June 30, 2024, compared to $102.4 million for the same period in 2023, driven by a $7.0 million increase in interest income partially offset by a $6.2 million increase in interest expense[163] - Net interest margin (tax-equivalent basis) increased to 3.57% for the three months ended June 30, 2024, compared to 3.40% for the same period in 2023[166] - Net interest income decreased by $3.4 million to $203.5 million for the six months ended June 30, 2024 compared to $206.9 million for the same period in 2023[169] - Interest income increased by $23.6 million to $354.9 million for the six months ended June 30, 2024, driven by higher yields on average earning assets[169] - Net interest income on a tax-equivalent basis was $203,453 thousand in 2024, slightly down from $206,876 thousand in 2023[172] Noninterest Income - Total noninterest income increased to $25.6 million for the three months ended June 30, 2024, up from $23.8 million in the same period in 2023[142] - Noninterest income increased by $1.8 million to $25.6 million in Q2 2024, driven by a $2.1 million cash life insurance benefit[152] - Noninterest income decreased by $13.6 million (29%) to $33.6 million for the six months ended June 30, 2024 compared to $47.2 million for the same period in 2023[178] - Investment services and trust income increased by $1.5 million to $6.6 million for the six months ended June 30, 2024 compared to $5.2 million for the same period in 2023[178] - Net loss from investment securities was $16.2 million for the six months ended June 30, 2024 compared to a net gain of $41 thousand for the same period in 2023[178] Net Income and Earnings Per Share - Net income applicable to FB Financial Corporation was $40 million for the three months ended June 30, 2024, compared to $35.3 million in the same period in 2023[142] - Basic net income per common share increased to $0.85 for the three months ended June 30, 2024, up from $0.75 in the same period in 2023[142] - Net income applicable to FB Financial Corporation rose to $39.98 million in Q2 2024 from $35.30 million in Q2 2023[150] - Net income increased to $40.0 million for Q2 2024, up from $35.3 million in Q2 2023, with diluted earnings per share rising to $0.85 from $0.75[152] - Net income for the first six months of 2024 decreased to $67.9 million from $71.7 million in the same period of 2023, with diluted earnings per share falling to $1.45 from $1.53[152] Return on Assets and Equity - Return on average assets improved to 1.30% for the three months ended June 30, 2024, compared to 1.10% in the same period in 2023[142] - Return on average tangible common equity increased to 13.1% in Q2 2024 from 12.6% in Q2 2023[150] Loan Portfolio and Credit Quality - Allowance for credit losses on loans HFI as a percentage of loans HFI increased to 1.67% in Q2 2024 from 1.51% in Q2 2023[143] - Nonperforming loans HFI as a percentage of loans HFI rose to 0.79% in Q2 2024 compared to 0.47% in Q2 2023[143] - The provision for credit losses on loans HFI was $3.9 million for the three months ended June 30, 2024, compared to $2.6 million in the same period in 2023[176] - A reversal of provision for credit losses on unfunded commitments was $1.7 million for the three months ended June 30, 2024, compared to $3.7 million in 2023[176] - The provision for credit losses on loans HFI for the six months ended June 30, 2024 was $5.8 million, down from $7.6 million in 2023[176] - A reversal of provision for credit losses on unfunded commitments for the six months ended June 30, 2024 was $2.8 million, compared to $8.2 million in 2023[176] - Nonperforming assets increased to $101.5 million as of June 30, 2024, up from $86.5 million as of December 31, 2023[201] - Nonperforming loans HFI rose by $12.3 million to $73.2 million as of June 30, 2024, primarily in commercial real estate owner-occupied and construction portfolios[202] - Delinquent GNMA optional repurchase loans increased to $22.4 million as of June 30, 2024, compared to $21.2 million as of December 31, 2023[203] - Nonperforming loans HFI as a percentage of total loans HFI increased to 0.79% as of June 30, 2024, up from 0.65% as of December 31, 2023[203] - Total allowance for credit losses on loans HFI increased to $155.1 million as of June 30, 2024, up from $150.3 million as of December 31, 2023[206] - Net charge-offs for the six months ended June 30, 2024, were $1.1 million, compared to $1.1 million for the same period in 2023[208] - Provision for credit losses on loans HFI for the six months ended June 30, 2024, was $5.8 million, down from $7.6 million for the same period in 2023[208] - Allowance for credit losses on loans HFI as a percentage of loans increased to 1.67% as of June 30, 2024, up from 1.60% as of December 31, 2023[208] - Nonperforming assets as a percentage of total assets increased to 0.81% as of June 30, 2024, up from 0.69% as of December 31, 2023[203] - Net interest recoveries on nonperforming assets previously charged off were $1.0 million for the six months ended June 30, 2024, up from $0.4 million for the same period in 2023[201] - Provision for credit losses on loans HFI for Q2 2024 was $3.94 million, compared to $2.58 million in Q2 2023[210] - Net charge-offs for Q2 2024 were $0.55 million, or 0.02% of average loans HFI, compared to $0.72 million, or 0.03% in Q2 2023[212] - Total nonperforming loans HFI as a percentage of total loans HFI increased by 14 basis points to 0.79% as of June 30, 2024[212] - Allowance for credit losses on unfunded commitments decreased to $6.0 million as of June 30, 2024 from $8.8 million as of December 31, 2023[213] - Unfunded loan commitments decreased by 11.9% annualized or $172.0 million during the period, with a $209.1 million decrease in the construction loan category[213] Deposits - Total deposits were $10.47 billion as of June 30, 2024, compared to $10.55 billion as of December 31, 2023[215] - Noninterest-bearing deposits decreased by $31.2 million from December 31, 2023 to June 30, 2024, while interest-bearing checking deposits increased by $124.1 million[215] - Mortgage escrow deposits increased to $107.8 million as of June 30, 2024 from $63.6 million as of December 31, 2023[216] - Public funds deposits decreased by $75.8 million during the period due to management's decision to not renew certain maturing public deposits[216] - Customer time deposits decreased by $125.9 million from December 31, 2023, driven by three large depositor relationship customers shifting deposits for higher yields[216] - Total deposits decreased to $10,468,002 thousand as of June 30, 2024, from $10,548,287 thousand as of December 31, 2023, with a weighted average interest rate increase from 2.39% to 2.76%[217] - Consumer deposits accounted for 45% of total deposits as of June 30, 2024, down from 46% as of December 31, 2023, while commercial deposits increased from 39% to 41%[219] - Estimated uninsured and uncollateralized deposits increased to 30.6% of total deposits as of June 30, 2024, up from 29.7% as of December 31, 2023[221] - Customer time deposits decreased to $1,343,934 thousand as of June 30, 2024, from $1,469,811 thousand as of December 31, 2023, with a higher average rate of 3.95% compared to 3.15%[217] - Brokered and internet time deposits remained stable at $150,361 thousand as of June 30, 2024, with an average rate increase to 5.37% from 5.27% as of December 31, 2023[217] - Time deposits of $250 and less had a weighted average interest rate of 3.83% as of June 30, 2024, with the majority maturing within six months[220] Securities and Investments - Securities purchased under agreements to resell increased to $59.4 million as of June 30, 2024, from $47.8 million as of December 31, 2023[223] - The fair value of the AFS debt securities portfolio was $1.48 billion as of June 30, 2024, with net unrealized losses of $182.2 million due to interest rate increases[224] - During the six months ended June 30, 2024, the company purchased $366.6 million in AFS debt securities and sold $207.9 million, reinvesting proceeds into securities with a higher weighted average yield of 5.94%[224] - Total AFS debt securities fair value as of June 30, 2024 is $1,482,379 thousand with a weighted average yield of 3.46%[226] - U.S. government agency securities fair value increased to $428,608 thousand as of June 30, 2024, up from $203,956 thousand in December 2023[226] - Mortgage-backed securities fair value decreased to $880,375 thousand as of June 30, 2024 from $913,932 thousand in December 2023[226] - Securities sold under agreements to repurchase totaled $21.8 million as of June 30, 2024, up from $19.3 million in December 2023[229] - Federal funds purchased totaled $55.0 million as of June 30, 2024, down from $89.4 million in December 2023[229] - FHLB short-term advances borrowing capacity was $1.44 billion as of June 30, 2024, down from $1.76 billion in December 2023[230] - Outstanding borrowings under the Bank Term Funding Program were $130.0 million as of June 30, 2024 with a borrowing rate of 4.85%[231] - Total subordinated debt, net of unamortized debt issuance costs, was $130,511 thousand as of June 30, 2024[233] - Pledged securities related to government, public, trust, and other deposits had carrying values of $869.6 million as of June 30, 2024[235] - Unsecured lines of credit with other commercial banks totaled $370.0 million as of June 30, 2024[235] Liquidity and Capital - Current on-balance sheet liquidity increased to $1,413,658 thousand as of June 30, 2024, compared to $1,353,359 thousand as of December 31, 2023[236] - Total available sources of liquidity decreased to $6,886,661 thousand as of June 30, 2024, from $7,078,812 thousand as of December 31, 2023[236] - On-balance sheet liquidity as a percentage of total assets increased to 11.3% as of June 30, 2024, from 10.7% as of December 31, 2023[236] - Total shareholders' equity increased to $1.50 billion as of June 30, 2024, from $1.45 billion as of December 31, 2023[237] - Book value per common share increased to $32.17 as of June 30, 2024, from $31.05 as of December 31, 2023[237] - Total risk-based capital ratio was 15.1% as of June 30, 2024, well above the regulatory requirement of 10.0%[238] - Tier 1 risk-based capital ratio was 13.0% as of June 30, 2024, above the regulatory requirement of 8.0%[238] - Common Equity Tier 1 ratio was 12.7% as of June 30, 2024, above the regulatory requirement of 6.5%[238] Interest Rate Sensitivity - A +400 basis points increase in interest rates would result in a 7.78% increase in net interest income as of June 30, 2024[240] - A +400 basis points increase in interest rates would result in a 16.7% decrease in the economic value of equity as of June 30, 2024[241] Efficiency and Expense Management - Core efficiency ratio (tax-equivalent basis) decreased to 58.3% in Q2 2024 from 63.5% in Q2 2023[146] - Noninterest expense decreased by $6.2 million to $75.1 million for the three months ended June 30, 2024 compared to $81.3 million for the same period in 2023[180] - Noninterest expense decreased by $14.2 million to $147.5 million for the six months ended June 30, 2024 compared to $161.7 million for the same period in 2023[180] - Salaries, commissions and employee benefits expense decreased by $5.8 million (11%) to $46.2 million for the three months ended June 30, 2024 compared to $52.0 million for the same period in 2023[180] - Salaries, commissions and employee benefits expense decreased by $10.0 million (10%) to $90.8 million for the six months ended June 30, 2024 compared to $100.8 million for the same period in 2023[180] - The efficiency ratio improved to 58.6% for the three months ended June 30, 2024 compared to 64.8% for the same period in 2023[181] - The efficiency ratio improved to 62.6% for the six months ended June 30, 2024 compared to 64.1% for the same period in 2023[181] Loan Portfolio Composition - The loans HFI portfolio comprises 74.3% and 74.6% of total assets as of June 30, 2024, and December 31, 2023, respectively[186] - Loans held for investment included approximately $237.9 million and $254.6 million related to participated loans as of June 30, 2024, and December 31, 2023, respectively[186] - Loan participations sold during the three months ended June 30, 2024, and 2023, were $9.0 million and $11.9 million, respectively[186] - Loan participations sold during the six months ended June 30, 2024, and 2023, were $17.0 million and $16.3 million, respectively[186] - The construction concentration ratio was 77.5% and 75.7% for FirstBank and FB Financial Corporation, respectively, as of June 30, 2024[187] - The commercial real estate concentration ratio was 248.5% and 243.0% for FirstBank and FB Financial Corporation, respectively, as of June 30, 2024[187] - The total commercial and industrial loans committed and outstanding as of June 30, 2024, were $2,900,320 thousand and $1,614,307 thousand, respectively[191] - The total commercial real estate owner-occupied loans committed and outstanding as of June 30, 2024, were $1,352,203 thousand and $1,274,705 thousand, respectively[191] - Nonperforming loans in the commercial and

Core Viewpoint - FB Financial (FBK) is identified as a strong momentum stock with a Zacks Rank of 2 (Buy) and a Momentum Score of A, indicating potential for significant near-term gains [1][8]. Momentum Style Analysis - The Momentum Style Score for FBK is currently A, driven by positive price changes and upward revisions in earnings estimates [3][6]. - Momentum investing focuses on following recent price trends, with the strategy of buying high and selling higher, capitalizing on established price movements [7]. Trading Volume Insights - FBK's average 20-day trading volume is 211,659 shares, which serves as a baseline for price-to-volume analysis; a rising stock with above-average volume is generally seen as bullish [5]. Performance Metrics - Over the past week, FBK shares have increased by 9.11%, outperforming the Zacks Banks - Northeast industry, which rose by 6.39% during the same period [9]. - In the last month, FBK's price change of 24.66% significantly exceeds the industry's performance of 16.04% [9]. - FBK shares have risen by 19.79% over the past quarter and 39.52% over the last year, compared to the S&P 500's increases of 11.27% and 22.23%, respectively [11]. Earnings Outlook - In the last two months, five earnings estimates for FBK have been revised upward, raising the consensus estimate from $3.11 to $3.20 [10]. - For the next fiscal year, four estimates have increased while one has decreased, indicating a generally positive outlook [10].