Art Wager/E+ via Getty Images “I owe you an apology. I wasn’t really familiar with your game.” Shaquille O’Neal Writing about FB Financial (NYSE:FBK) in October of 2023, my feelings were that there was nothing really wrong with this Tennessee-based community lender, but there was likewise nothing really compelling about the outlook or the valuation to make it a preferred option. That was clearly a bad call, as the shares have since climbed almost 60%, outpacing regional banks as a group, as well as most ...

PM Images We previously opened a trade in FB Financial Corporation (NYSE:FBK) in October 2023. Earlier this year we backed out the initial investment, plus 20% of the profit, and let the rest run as a house position. This allowed us to deploy capital to other opportunities while keeping lifetime exposure to a remaining small position. This advanced strategy allows for us to collect any and all future long-term gains, dividends, spinoffs, etc. And the dividend here should attract dividend growth investor ...

Core Insights - FB Financial (FBK) reported a revenue of $128.22 million for the quarter ended June 2024, marking a year-over-year increase of 2.3% and exceeding the Zacks Consensus Estimate of $123.52 million by 3.81% [1] - The company achieved an EPS of $0.84, up from $0.77 a year ago, and surpassed the consensus EPS estimate of $0.76 by 10.53% [1] Financial Performance Metrics - Net Interest Margin was reported at 3.6%, exceeding the average estimate of 3.4% from four analysts [3] - Efficiency Ratio stood at 58.6%, better than the average estimate of 60.5% from four analysts [3] - Net Charge-offs during the period to Average Loans outstanding was 0%, compared to the average estimate of 0.1% from three analysts [3] - Average Earning Assets were $11.63 billion, slightly below the average estimate of $11.87 billion from three analysts [3] - Total nonperforming loans HFI were $73.22 million, higher than the average estimate of $69.11 million from two analysts [3] - Total nonperforming assets reached $101.47 million, exceeding the average estimate of $82.05 million from two analysts [3] - Mortgage banking income was $11.91 million, slightly below the average estimate of $11.96 million from four analysts [3] - Total Noninterest income was $25.61 million, surpassing the average estimate of $22.79 million from four analysts [3] - Investment services and trust income was $3.39 million, exceeding the average estimate of $3.05 million from three analysts [3] - Other Income was reported at $4.61 million, significantly higher than the average estimate of $1.86 million from three analysts [3] - Service charges on deposit accounts were $3.17 million, slightly above the average estimate of $3.13 million from three analysts [3] - ATM and interchange fees totaled $2.81 million, exceeding the average estimate of $2.77 million from three analysts [3] Stock Performance - Shares of FB Financial have returned +16.3% over the past month, outperforming the Zacks S&P 500 composite's +3.8% change [3] - The stock currently holds a Zacks Rank 2 (Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - FB Financial (FBK) reported quarterly earnings of $0.84 per share, exceeding the Zacks Consensus Estimate of $0.76 per share, and showing an increase from $0.77 per share a year ago [1][2] Financial Performance - The company posted revenues of $128.22 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.81%, compared to $125.36 million in the same quarter last year [2] - FB Financial has surpassed consensus EPS estimates three times over the last four quarters [7] - The current consensus EPS estimate for the upcoming quarter is $0.78 on revenues of $126.16 million, and for the current fiscal year, it is $3.13 on revenues of $482.62 million [10] Stock Performance - FB Financial shares have increased approximately 4.4% since the beginning of the year, while the S&P 500 has gained 17.7% [8] - The stock currently holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the market in the near future [14] Industry Context - FB Financial operates within the Zacks Banks - Northeast industry, which is currently ranked in the bottom 34% of over 250 Zacks industries [5] - The performance of stocks in this industry can be significantly influenced by the overall industry outlook [5]

Second Quarter 2024 Financial Supplement TABLE OF CONTENTS | Financial Summary and Key Metrics | 4 | | --- | --- | | Consolidated Statements of Income | 5 | | Consolidated Balance Sheets | 7 | | Average Balance and Interest Yield/Rate Analysis | 8 | | Investments and Other Sources of Liquidity | 11 | | Loan Portfolio | 12 | | Asset Quality | 13 | | Selected Deposit Data | 14 | | Preliminary Capital Ratios | 15 | | Segment Data | 16 | | Non-GAAP Reconciliations | 17 | The Company's management uses these non- ...

The price trend for FB Financial (FBK) has been bearish lately and the stock has lost 5.1% over the past two weeks. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.While the formation of a hammer pattern is a technical indication of nearing a bottom with potential exhaustion of selling pressure, rising optimism among Wall Street anal ...

Core Viewpoint - FB Financial Corporation (FBK) is considered a strong investment option due to its fundamental strength and growth prospects, currently holding a Zacks Rank 1 (Strong Buy) with a 7.4% upward revision in 2024 earnings estimates over the past 30 days [1]. Earnings Growth - FBK has experienced a compound annual growth rate (CAGR) of 2.5% in earnings over the last three to five years, with projected earnings growth of 1.3% in 2024 and 2.9% in 2025 [3]. - The company has a strong earnings surprise history, surpassing the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 11.6% [4]. Revenue Strength - FBK's revenues have shown a CAGR of 7.2% from 2019 to 2023, driven by growth in net interest income. However, revenues are expected to decline by 1.6% in 2024 due to lower non-interest income, with a projected recovery and 7.8% growth in 2025 [5]. Financial Stability - FBK has a debt/equity ratio of 0.00, indicating no reliance on debt for financing operations, which contributes to its financial stability in adverse economic conditions [6]. - The company boasts a return on equity (ROE) of 10.20%, surpassing the industry average of 8.75%, reflecting superior efficiency in utilizing shareholder funds [6]. Price Performance - FBK's stock has gained 12% over the past six months, significantly outperforming the industry growth of 2.8% during the same period [2].

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 ...