FB Financial Corporation Increases Regular Quarterly Dividend

Rhea-AI Summary

FB Financial Corporation (NYSE: FBK) has declared a quarterly cash dividend of $0.11 per share, reflecting a 22% increase from the previous quarter's dividend. This marks the 12^th consecutive quarterly dividend issued by the company. The payment will occur on February 22, 2021, to shareholders recorded by February 8, 2021. CEO Christopher T. Holmes expressed confidence in enhancing shareholder value through consistent dividend payments, highlighting the company's strong financial performance.

Positive

• 12 consecutive quarterly dividends paid.
• 22% increase in dividend compared to prior quarter.
• Commitment to returning earnings to shareholders.

Negative

• None.

FB Financial Corporation (NYSE: FBK) announced today that its board of directors declared a quarterly cash dividend of $0.11 per share, an increase of two cents ($0.02) from the prior quarter’s dividend. The dividend is payable on February 22, 2021, to shareholders of record as of February 8, 2021.

Christopher T. Holmes, President and Chief Executive Officer, commented, “We are pleased with the board of directors’ decision to pay our 12^th consecutive quarterly dividend, and are happy to be able to increase the dividend by 22% compared to prior quarters. We remain committed to building long-term shareholder value by returning a portion of the company’s earnings to shareholders through cash dividends.”

ABOUT FB FINANCIAL CORPORATION

FB Financial Corporation (NYSE: FBK) is a bank holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered community bank, with 81 full-service bank branches across Tennessee, Kentucky, North Alabama and North Georgia, and mortgage offices across the Southeast. FirstBank serves five of the largest metropolitan markets in Tennessee and has approximately $11.2 billion in total assets.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210129005409/en/

FAQ

What is the FBK dividend amount for Q1 2021?

The dividend amount declared for Q1 2021 is $0.11 per share.

When will the FBK dividend be paid?

The FBK dividend will be paid on February 22, 2021.

What is the record date for the FBK dividend?

The record date for the FBK dividend is February 8, 2021.

How much has the FBK dividend increased from the previous quarter?

The FBK dividend has increased by $0.02, or 22%, from the previous quarter.

How many consecutive dividends has FB Financial Corporation paid?

FB Financial Corporation has paid 12 consecutive quarterly dividends.