FB Financial (FBK) Surpasses Q2 Earnings and Revenue Estimates

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]