FB Financial (US:FBK)2026-01-21 21:19Financial 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]