Welcome to our dedicated page for Fb Financia news (Ticker: FBK), a resource for investors and traders seeking the latest updates and insights on Fb Financia stock.
FB Financial Corporation (FBK) is a prominent bank holding company, operating primarily through its wholly-owned subsidiary, FirstBank. As the third-largest Tennessee-based bank, FirstBank boasts 45 banking locations throughout Tennessee and mortgage offices spanning the Southeast. The institution serves every major metropolitan area in Tennessee, offering a comprehensive suite of financial services and products.
FB Financial Corporation focuses on two main segments: Banking and Mortgage. The Banking segment caters to corporate, commercial, and consumer customers with a wide range of deposit and lending products and services. Conversely, the Mortgage segment specializes in servicing residential mortgage loans and the packaging and securitization of loans to governmental agencies.
With over $2.2 billion in total assets, FB Financial Corporation is well-capitalized to support its diverse financial offerings. The company has made significant strides in recent years, expanding its geographical footprint and enhancing its product lineup to better serve its growing customer base. This growth is a testament to its strategic partnerships and robust financial health.
FB Financial Corporation continues to strengthen its market presence through innovative financial solutions and a customer-centric approach. The company's commitment to excellence has earned it a reputable standing among its clients and peers in the financial industry.
FB Financial (NYSE: FBK) has announced a 12% increase in its quarterly cash dividend to $0.19 per share. The dividend will be payable on February 25, 2025, to shareholders of record as of February 11, 2025. This marks the company's 28th consecutive quarterly dividend payment, reflecting its financial strength and commitment to delivering consistent returns to shareholders. President and CEO Christopher T. Holmes emphasized that this increase demonstrates the company's profitable growth and dedication to maintaining strong shareholder returns.
FB Financial (NYSE: FBK) reported Q4 2024 net income of $37.9 million, or $0.81 per diluted share, compared to $0.22 in Q3 and $0.63 in Q4 2023. Adjusted earnings per share were $0.85, compared to $0.86 in Q3 and $0.77 in Q4 2023.
The company showed strong growth with loans held for investment reaching $9.60 billion (5.22% annualized increase) and total deposits of $11.21 billion (8.49% annualized increase). Net interest margin was 3.50%, slightly down from 3.55% in Q3 but up from 3.46% in Q4 2023.
Credit quality metrics showed net charge-offs of 0.47% of average loans, primarily due to a single commercial relationship. The company maintained a strong capital position with a preliminary total risk-based capital ratio of 15.2% and common equity tier 1 ratio of 12.8%.
FB Financial (NYSE:FBK) has announced it will release its 2024 fourth quarter and year-end results on Tuesday, January 21, 2025, before market opening. The company will host a conference call at 8:00 a.m. Central Time on the same day to discuss the results.
Investors and analysts can join the call using the dial-in number 877-883-0383 with confirmation code 6995872. A telephonic replay will be available for approximately two hours after the call until January 28, 2025, accessible at 877-344-7529 with code 7270666. Additionally, a live webcast will be available, with an online replay remaining accessible for 12 months on the company's website.
FB Financial (NYSE: FBK) has declared a quarterly cash dividend of $0.17 per share, payable on November 19, 2024, to shareholders of record as of November 5, 2024. This marks the company's 27th consecutive quarter of dividend payments, demonstrating their commitment to delivering consistent value to shareholders. The announcement reinforces FB Financial's focus on maintaining financial stability and creating sustainable value for investors.
FB Financial (NYSE: FBK) reported Q3 2024 net income of $10.2 million, or $0.22 per diluted share. Adjusted net income was $40.1 million, or $0.86 per diluted share. Key highlights include:
- Loans held for investment increased to $9.48 billion, a 7.20% annualized increase from Q2
- Deposits grew to $10.98 billion, up from $10.47 billion in Q2
- Net interest margin was 3.55%, compared to 3.57% in Q2
- Book value per share reached $33.48, a 19.7% annualized increase from Q2
- The company sold $318.6 million in securities at 2.25% yield and reinvested at 5.25% yield
- Core efficiency ratio was 58.4%, compared to 58.3% in Q2
The company maintains a strong capital position with a total risk-based capital ratio of 15.1% and a tangible common equity to tangible assets ratio of 10.4%.
FB Financial (NYSE:FBK) has announced its upcoming 2024 third quarter earnings call. The company will release its Q3 2024 results on Tuesday, October 15, 2024, before the market opens. A conference call to discuss the results is scheduled for 10:00 a.m. Central Time on the same day.
Investors and analysts can join the call by dialing 877-883-0383 with confirmation code 8581921. A telephonic replay will be available until October 22, 2024, by calling 877-344-7529 with code 5751189. Additionally, a live online broadcast of the call will be accessible at FBK 3Q24 Webcast, with an online replay available on the company's website for 12 months after the call.
FB Financial (NYSE: FBK) has declared a quarterly cash dividend of $0.17 per share, payable on August 20, 2024, to shareholders of record as of August 6, 2024. This marks the company's 26th consecutive quarter of paying dividends, demonstrating its commitment to shareholder value. Christopher T. Holmes, President and CEO, emphasized that this consistent dividend record highlights the company's dedication to delivering value and underscores the strength and consistency in their financial performance. FB Financial remains focused on creating sustainable value for its investors.
FB Financial (NYSE: FBK) reported Q2 2024 net income of $40.0 million, or $0.85 per diluted share. Adjusted net income was $39.4 million, or $0.84 per diluted share. Key highlights include:
- Loans held for investment: $9.31 billion
- Deposits: $10.47 billion
- Net interest margin: 3.57%, up from 3.42% in Q1
- Book value per share: $32.17
- Tangible book value per share: $26.82
The company's results reflect a strong balance sheet and increasing profitability. The net interest margin expanded due to stabilized deposit pricing, flat noninterest-bearing balances, and higher loan yields. Credit quality remains a focus, with the allowance for credit losses on loans HFI at 1.67%.
FB Financial (NYSE:FBK) will release its 2024 second quarter results on Monday, July 15, 2024, post-market close. A conference call to discuss these results is scheduled for Tuesday, July 16, 2024, at 8:00 a.m. Central Time. Interested investors and analysts can join the call via a dedicated dial-in number or listen to a live online broadcast. A replay of the call will be accessible both telephonically and online shortly after the conclusion of the event and will remain available for 12 months.
FB Financial (NYSE: FBK) has increased its regular quarterly dividend to $0.17 per share, payable on May 28, 2024. This marks 25 consecutive quarters of dividend payments, showcasing the company's commitment to delivering value to shareholders and strong financial performance.
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