FB Financial Corporation Reports Third Quarter 2023 Financial Results
- FB Financial Corporation reports Q3 diluted EPS of $0.41, adjusted diluted EPS of $0.71. Net income of $19.2 million. NIM increases to 3.42%. Expense reductions and balance sheet enhancements expected in Q4.
- Deposits decrease to $10.64 billion. Nonperforming loans and assets increase.
Reports Q3 Diluted EPS of
The Company’s deposits were
President and Chief Executive Officer, Christopher T. Holmes stated, “The Company had a successful quarter executing on strategic initiatives to enhance earnings and position for expected opportunities. Our balance sheet management in the second half of 2022 and during 2023 to ensure ample liquidity, stable funding and excess capital allows us to focus on improving earnings at this point in the interest rate cycle. Near the end of the quarter, we sold
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Annualized |
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(dollars in thousands, except share data) |
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Sep 2023 |
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Jun 2023 |
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Sep 2022 |
|
Sep 23 / Jun 23 % Change |
|
Sep 23 / Sep 22 % Change |
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Balance Sheet Highlights |
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Investment securities, at fair value |
|
$ |
1,351,153 |
|
|
$ |
1,422,391 |
|
|
$ |
1,485,133 |
|
|
(19.9 |
)% |
|
(9.02 |
)% |
Loans held for sale |
|
|
103,858 |
|
|
|
99,131 |
|
|
|
130,733 |
|
|
18.9 |
% |
|
(20.6 |
)% |
Loans HFI |
|
|
9,287,225 |
|
|
|
9,326,024 |
|
|
|
9,105,016 |
|
|
(1.65 |
)% |
|
2.00 |
% |
Allowance for credit losses on loans HFI |
|
|
146,134 |
|
|
|
140,664 |
|
|
|
134,476 |
|
|
15.4 |
% |
|
8.67 |
% |
Allowance for credit losses on unfunded commitments |
|
|
11,600 |
|
|
|
14,810 |
|
|
|
23,577 |
|
|
(86.0 |
)% |
|
(50.8 |
)% |
Total assets |
|
|
12,489,631 |
|
|
|
12,887,395 |
|
|
|
12,258,082 |
|
|
(12.2 |
)% |
|
1.89 |
% |
Interest-bearing deposits (non-brokered) |
|
|
8,105,713 |
|
|
|
8,233,082 |
|
|
|
7,038,566 |
|
|
(6.14 |
)% |
|
15.2 |
% |
Brokered deposits |
|
|
174,920 |
|
|
|
238,885 |
|
|
|
1,002 |
|
|
(106.2 |
)% |
|
NM |
|
Noninterest-bearing deposits |
|
|
2,358,435 |
|
|
|
2,400,288 |
|
|
|
2,966,514 |
|
|
(6.92 |
)% |
|
(20.5 |
)% |
Total deposits |
|
|
10,639,068 |
|
|
|
10,872,255 |
|
|
|
10,006,082 |
|
|
(8.51 |
)% |
|
6.33 |
% |
Estimated insured or collateralized deposits |
|
|
7,570,639 |
|
|
|
7,858,761 |
|
|
|
6,653,463 |
|
|
(14.5 |
)% |
|
13.8 |
% |
Borrowings |
|
|
226,689 |
|
|
|
390,354 |
|
|
|
722,940 |
|
|
(166.3 |
)% |
|
(68.6 |
)% |
Total common shareholders' equity |
|
|
1,372,901 |
|
|
|
1,386,951 |
|
|
|
1,281,161 |
|
|
(4.02 |
)% |
|
7.16 |
% |
Book value per common share |
|
$ |
29.31 |
|
|
$ |
29.64 |
|
|
$ |
27.30 |
|
|
(4.42 |
)% |
|
7.36 |
% |
Tangible book value per common share* |
|
$ |
23.93 |
|
|
$ |
24.23 |
|
|
$ |
21.85 |
|
|
(4.91 |
)% |
|
9.52 |
% |
Adjusted tangible book value per common share* |
|
$ |
28.04 |
|
|
$ |
27.72 |
|
|
$ |
25.84 |
|
|
4.44 |
% |
|
8.48 |
% |
Total common shareholders' equity to total assets |
|
|
11.0 |
% |
|
|
10.8 |
% |
|
|
10.5 |
% |
|
|
|
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||
Tangible common equity to tangible assets* |
|
|
9.16 |
% |
|
|
8.98 |
% |
|
|
8.54 |
% |
|
|
|
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||
Estimated uninsured and uncollateralized deposits as a percentage of total deposits |
|
|
28.8 |
% |
|
|
27.7 |
% |
|
|
33.5 |
% |
|
|
|
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||
*Non-GAAP financial measure; A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Third Quarter 2023 Financial Supplement. |
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NM- Not meaningful |
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Three Months Ended |
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(dollars in thousands, except share data) |
|
Sep 2023 |
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Jun 2023 |
|
Sep 2022 |
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Statement of Income Highlights |
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Net interest income |
|
$ |
100,926 |
|
|
$ |
101,543 |
|
|
$ |
111,384 |
|
NIM |
|
|
3.42 |
% |
|
|
3.40 |
% |
|
|
3.93 |
% |
Noninterest income |
|
$ |
8,042 |
|
|
$ |
23,813 |
|
|
$ |
22,592 |
|
Loss from securities, net |
|
$ |
(14,197 |
) |
|
$ |
(28 |
) |
|
$ |
(140 |
) |
Total revenue |
|
$ |
108,968 |
|
|
$ |
125,356 |
|
|
$ |
133,976 |
|
Noninterest expense |
|
$ |
82,997 |
|
|
$ |
81,292 |
|
|
$ |
81,847 |
|
Early retirement and severance costs |
|
$ |
4,809 |
|
|
$ |
1,426 |
|
|
$ |
— |
|
Efficiency ratio |
|
|
76.2 |
% |
|
|
64.8 |
% |
|
|
61.1 |
% |
Core efficiency ratio* |
|
|
63.1 |
% |
|
|
63.5 |
% |
|
|
60.7 |
% |
Pre-tax, pre-provision earnings |
|
$ |
25,971 |
|
|
$ |
44,064 |
|
|
$ |
52,129 |
|
Adjusted pre-tax, pre-provision earnings* |
|
$ |
44,984 |
|
|
$ |
44,965 |
|
|
$ |
52,516 |
|
Provisions for credit losses |
|
$ |
2,821 |
|
|
$ |
(1,078 |
) |
|
$ |
11,367 |
|
Net charge-off ratio |
|
|
0.02 |
% |
|
|
0.03 |
% |
|
|
— |
% |
Net income applicable to FB Financial Corporation |
|
$ |
19,175 |
|
|
$ |
35,299 |
|
|
$ |
31,831 |
|
Diluted earnings per common share |
|
$ |
0.41 |
|
|
$ |
0.75 |
|
|
$ |
0.68 |
|
Effective tax rate |
|
|
17.2 |
% |
|
|
21.8 |
% |
|
|
21.9 |
% |
Adjusted net income* |
|
$ |
33,233 |
|
|
$ |
35,973 |
|
|
$ |
32,117 |
|
Adjusted diluted earnings per common share* |
|
$ |
0.71 |
|
|
$ |
0.77 |
|
|
$ |
0.68 |
|
Weighted average number of shares outstanding - fully diluted |
|
|
46,856,422 |
|
|
|
46,814,854 |
|
|
|
47,024,611 |
|
Returns on average: |
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Return on average total assets |
|
|
0.61 |
% |
|
|
1.10 |
% |
|
|
1.05 |
% |
Adjusted* |
|
|
1.05 |
% |
|
|
1.12 |
% |
|
|
1.06 |
% |
Return on average shareholders' equity |
|
|
5.46 |
% |
|
|
10.3 |
% |
|
|
9.45 |
% |
Return on average tangible common equity* |
|
|
6.67 |
% |
|
|
12.6 |
% |
|
|
11.7 |
% |
Adjusted* |
|
|
11.8 |
% |
|
|
13.1 |
% |
|
|
12.1 |
% |
*Non-GAAP financial measure; A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Third Quarter 2023 Financial Supplement. |
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Balance Sheet and Net Interest Margin
Near the end of the third quarter, the Company elected to sell
The Company reported loans HFI of
The Company reported total deposits of
The Company’s net interest income on a tax equivalent basis remained relatively stable for the third quarter of 2023 at
Holmes continued, “We were able to balance the increase of our cost of deposits with the increase in loan yields during the quarter while continuing to reduce our exposure to construction loans. While we didn't get a material benefit this quarter from our investment securities sales activity, we will get some future earnings benefit from our reinvestment. We also continue to minimize use of brokered deposits and other borrowings, keeping those options available for profitability enhancement and growth opportunities.”
Noninterest Income
Core noninterest income* was
Mortgage banking income has remained relatively flat over the last year, as the Company recognized revenue of
Expense Management
Core noninterest expense* during the third quarter of 2023 was
Chief Financial Officer, Michael Mettee noted, “This quarter, we took action to manage personnel expenses down through an early retirement offer, resulting in additional severance, equity grant acceleration and employee benefit costs of
Credit Quality
The Company recorded a provision expense of
The Company experienced net charge-offs of
The Company's nonperforming loans HFI as a percentage of total loans HFI increased to
Holmes commented, “Credit for the quarter continued to perform as expected. The allowance for credit losses moved higher in the quarter as we increased our reserves related to the downgrade of a single relationship. Our net charge-offs remain low and have been at or below three basis points of average loans HFI for the last five consecutive quarters. Other credit metrics remain consistent with prior quarters.”
Capital Strength
Holmes continued, “We were able to leverage our strong capital position to improve our earnings profile with the expense and investment portfolio initiatives noted above. At the same time, we were able to grow tangible common equity to tangible assets* to a solid
Summary
Holmes finalized, “It was a successful quarter for the Company as we were able to leverage the efforts of the past year and position the Company for additional growth and enhanced profitability. The Company is prepared for the opportunities we expect to come our way in the coming quarters.”
______________________________
* Non-GAAP financial measure; A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Third Quarter 2023 Financial Supplement.
WEBCAST AND CONFERENCE CALL INFORMATION
FB Financial Corporation will host a conference call to discuss the Company's financial results on October 17, 2023, at 8:00 a.m. (Central Time). To listen to the call, participants should dial 1-877-883-0383 (confirmation code 4706957) approximately 10 minutes prior to the call. A telephonic replay will be available approximately two hours after the call through October 24, 2023, by dialing 1-877-344-7529 and entering confirmation code 3192290.
A live online broadcast of the Company’s quarterly conference call will be available online at https://event.choruscall.com/mediaframe/webcast.html?webcastid=DDGYoKJM. An online replay will be available on the Company’s website approximately two hours after the conclusion of the call and will remain available for 12 months.
ABOUT FB FINANCIAL CORPORATION
FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in
SUPPLEMENTAL FINANCIAL INFORMATION AND EARNINGS PRESENTATION
Investors are encouraged to review this Earnings Release in conjunction with the Third Quarter 2023 Financial Supplement and Earnings Presentation posted on the Company’s website, which can be found at https://investors.firstbankonline.com. This Earnings Release, the Third Quarter 2023 Financial Supplement and the Earnings Presentation are also included with a Current Report on Form 8-K that the Company furnished to the
FORWARD-LOOKING STATEMENTS
Certain statements contained in this Earnings Release that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company’s future plans, results, strategies, and expectations, including expectations around changing economic markets. These statements can generally be identified by the use of the words and phrases “may,” “will,” “should,” “could,” “would,” “goal,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target,” “aim,” “predict,” “continue,” “seek,” “project,” and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management's current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes in government interest rate policies and its impact on the Company’s business, net interest margin, and mortgage operations, (3) any continuation of the recent turmoil in the banking industry, including the associated impact to the Company and other financial institutions of any regulatory changes or other mitigation efforts taken by government agencies in response, (4) increased competition for deposits, (5) the Company’s ability to effectively manage problem credits, (6) any deterioration in commercial real estate market fundamentals, (7) the Company’s ability to identify potential candidates for, consummate, and achieve synergies from, potential future acquisitions, (8) the Company’s ability to successfully execute its various business strategies, (9) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (10) the potential impact of the phase-out of the London Interbank Offered Rate ("LIBOR") or other changes involving LIBOR, (11) the effectiveness of the Company’s cybersecurity controls and procedures to prevent and mitigate attempted intrusions, (12) the Company's dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, and (13) the impact of natural disasters, pandemics, and/or acts of war or terrorism, (14) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and (15) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward-looking statements contained herein can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, and in any of the Company’s subsequent filings with the SEC. Many of these factors are beyond the Company’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this Earnings Release, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company.
The Company qualifies all forward-looking statements by these cautionary statements.
GAAP RECONCILIATION AND USE OF NON-GAAP FINANCIAL MEASURES
This Earnings Release contains certain financial measures that are not measures recognized under
The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-core gains and charges in the current and prior periods. The Company’s management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company’s underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company’s results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures.
A reconciliation of these measures to the most directly comparable GAAP financial measures is included in the Company's Third Quarter 2023 Financial Supplement, which is available at https://investors.firstbankonline.com.
Financial Summary and Key Metrics |
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(Unaudited) |
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(dollars in thousands, except share data) |
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As of or for the Three Months Ended |
||||||||||
|
|
Sep 2023 |
|
Jun 2023 |
|
Sep 2022 |
||||||
Selected Statement of Income Data |
|
|
|
|
|
|
||||||
Total interest income |
|
$ |
173,912 |
|
|
$ |
170,183 |
|
|
$ |
128,483 |
|
Total interest expense |
|
|
72,986 |
|
|
|
68,640 |
|
|
|
17,099 |
|
Net interest income |
|
|
100,926 |
|
|
|
101,543 |
|
|
|
111,384 |
|
Total noninterest income |
|
|
8,042 |
|
|
|
23,813 |
|
|
|
22,592 |
|
Total noninterest expense |
|
|
82,997 |
|
|
|
81,292 |
|
|
|
81,847 |
|
Earnings before income taxes and provisions for credit losses |
|
|
25,971 |
|
|
|
44,064 |
|
|
|
52,129 |
|
Provisions for credit losses |
|
|
2,821 |
|
|
|
(1,078 |
) |
|
|
11,367 |
|
Income tax expense |
|
|
3,975 |
|
|
|
9,835 |
|
|
|
8,931 |
|
Net income applicable to noncontrolling interest |
|
|
— |
|
|
|
8 |
|
|
|
— |
|
Net income applicable to FB Financial Corporation |
|
$ |
19,175 |
|
|
$ |
35,299 |
|
|
$ |
31,831 |
|
Net interest income (tax-equivalent basis) |
|
$ |
101,762 |
|
|
$ |
102,383 |
|
|
$ |
112,145 |
|
Adjusted net income* |
|
$ |
33,233 |
|
|
$ |
35,973 |
|
|
$ |
32,117 |
|
Adjusted pre-tax, pre-provision earnings* |
|
$ |
44,984 |
|
|
$ |
44,965 |
|
|
$ |
52,516 |
|
Per Common Share |
|
|
|
|
|
|
||||||
Diluted net income |
|
$ |
0.41 |
|
|
$ |
0.75 |
|
|
$ |
0.68 |
|
Adjusted diluted net income* |
|
|
0.71 |
|
|
|
0.77 |
|
|
|
0.68 |
|
Book value |
|
|
29.31 |
|
|
|
29.64 |
|
|
|
27.30 |
|
Tangible book value* |
|
|
23.93 |
|
|
|
24.23 |
|
|
|
21.85 |
|
Adjusted tangible book value* |
|
|
28.04 |
|
|
|
27.72 |
|
|
|
25.84 |
|
Weighted average number of shares outstanding - fully diluted |
|
|
46,856,422 |
|
|
|
46,814,854 |
|
|
|
47,024,611 |
|
Period-end number of shares |
|
|
46,839,159 |
|
|
|
46,798,751 |
|
|
|
46,926,377 |
|
Selected Balance Sheet Data |
|
|
|
|
|
|
||||||
Cash and cash equivalents |
|
$ |
848,318 |
|
|
$ |
1,160,354 |
|
|
$ |
618,290 |
|
Loans HFI |
|
|
9,287,225 |
|
|
|
9,326,024 |
|
|
|
9,105,016 |
|
Allowance for credit losses on loans HFI |
|
|
(146,134 |
) |
|
|
(140,664 |
) |
|
|
(134,476 |
) |
Allowance for credit losses on unfunded commitments |
|
|
(11,600 |
) |
|
|
(14,810 |
) |
|
|
(23,577 |
) |
Mortgage loans held for sale |
|
|
94,598 |
|
|
|
89,864 |
|
|
|
97,011 |
|
Commercial loans held for sale, at fair value |
|
|
9,260 |
|
|
|
9,267 |
|
|
|
33,722 |
|
Investment securities, at fair value |
|
|
1,351,153 |
|
|
|
1,422,391 |
|
|
|
1,485,133 |
|
Total assets |
|
|
12,489,631 |
|
|
|
12,887,395 |
|
|
|
12,258,082 |
|
Interest-bearing deposits (non-brokered) |
|
|
8,105,713 |
|
|
|
8,233,082 |
|
|
|
7,038,566 |
|
Brokered deposits |
|
|
174,920 |
|
|
|
238,885 |
|
|
|
1,002 |
|
Noninterest-bearing deposits |
|
|
2,358,435 |
|
|
|
2,400,288 |
|
|
|
2,966,514 |
|
Total deposits |
|
|
10,639,068 |
|
|
|
10,872,255 |
|
|
|
10,006,082 |
|
Estimated insured or collateralized deposits |
|
|
7,570,639 |
|
|
|
7,858,761 |
|
|
|
6,653,463 |
|
Borrowings |
|
|
226,689 |
|
|
|
390,354 |
|
|
|
722,940 |
|
Total common shareholders' equity |
|
|
1,372,901 |
|
|
|
1,386,951 |
|
|
|
1,281,161 |
|
Selected Ratios |
|
|
|
|
|
|
||||||
Return on average: |
|
|
|
|
|
|
||||||
Assets |
|
|
0.61 |
% |
|
|
1.10 |
% |
|
|
1.05 |
% |
Shareholders' equity |
|
|
5.46 |
% |
|
|
10.3 |
% |
|
|
9.45 |
% |
Tangible common equity* |
|
|
6.67 |
% |
|
|
12.6 |
% |
|
|
11.7 |
% |
Net interest margin (tax-equivalent basis) |
|
|
3.42 |
% |
|
|
3.40 |
% |
|
|
3.93 |
% |
Efficiency ratio |
|
|
76.2 |
% |
|
|
64.8 |
% |
|
|
61.1 |
% |
Core efficiency ratio (tax-equivalent basis)* |
|
|
63.1 |
% |
|
|
63.5 |
% |
|
|
60.7 |
% |
Loans HFI to deposit ratio |
|
|
87.3 |
% |
|
|
85.8 |
% |
|
|
91.0 |
% |
Noninterest-bearing deposits to total deposits |
|
|
22.2 |
% |
|
|
22.1 |
% |
|
|
29.6 |
% |
Yield on interest-earning assets |
|
|
5.87 |
% |
|
|
5.67 |
% |
|
|
4.53 |
% |
Cost of interest-bearing liabilities |
|
|
3.41 |
% |
|
|
3.14 |
% |
|
|
0.90 |
% |
Cost of total deposits |
|
|
2.58 |
% |
|
|
2.38 |
% |
|
|
0.52 |
% |
Estimated uninsured and uncollateralized deposits as a percentage of total deposits |
|
|
28.8 |
% |
|
|
27.7 |
% |
|
|
33.5 |
% |
Credit Quality Ratios |
|
|
|
|
|
|
||||||
Allowance for credit losses on loans HFI as a percentage of loans HFI |
|
|
1.57 |
% |
|
|
1.51 |
% |
|
|
1.48 |
% |
Net charge-offs as a percentage of average loans HFI |
|
|
0.02 |
% |
|
|
0.03 |
% |
|
|
— |
% |
Nonperforming loans HFI as a percentage of loans HFI |
|
|
0.59 |
% |
|
|
0.47 |
% |
|
|
0.47 |
% |
Nonperforming assets as a percentage of total assets |
|
|
0.71 |
% |
|
|
0.59 |
% |
|
|
0.62 |
% |
Preliminary Capital Ratios (consolidated) |
|
|
|
|
|
|
||||||
Total common shareholders' equity to assets |
|
|
11.0 |
% |
|
|
10.8 |
% |
|
|
10.5 |
% |
Tangible common equity to tangible assets* |
|
|
9.16 |
% |
|
|
8.98 |
% |
|
|
8.54 |
% |
Tier 1 leverage |
|
|
11.0 |
% |
|
|
10.7 |
% |
|
|
10.7 |
% |
Tier 1 risk-based capital |
|
|
12.1 |
% |
|
|
11.9 |
% |
|
|
11.2 |
% |
Total risk-based capital |
|
|
14.1 |
% |
|
|
13.9 |
% |
|
|
13.0 |
% |
Common equity Tier 1 (CET1) |
|
|
11.8 |
% |
|
|
11.7 |
% |
|
|
10.9 |
% |
*Non-GAAP financial measure; A reconciliation of each of these non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Third Quarter 2023 Financial Supplement. |
||||||||||||
FBK - ER
View source version on businesswire.com: https://www.businesswire.com/news/home/20231016032951/en/
MEDIA CONTACT:
Jeanie M. Rittenberry
615-313-8328
jrittenberry@firstbankonline.com
www.firstbankonline.com
FINANCIAL CONTACT:
Michael Mettee
615-564-1212
mmettee@firstbankonline.com
investorrelations@firstbankonline.com
Source: FB Financial Corporation
FAQ
What are the Q3 diluted EPS and adjusted diluted EPS for FB Financial Corporation?
What is the net income for FB Financial Corporation in Q3?
What is the net interest margin (NIM) for FB Financial Corporation in Q3?
What is expected for expense reductions and balance sheet enhancements in Q4?
What is the total amount of deposits for FB Financial Corporation in Q3?
How did nonperforming loans and assets change in Q3 for FB Financial Corporation?
