FB Financial Corporation - FBK STOCK NEWS

FB Financial Corporation (NYSE:FBK) will release its 2022 third quarter results on October 17, 2022, after market close. A conference call is scheduled for October 18, 2022, at 8:00 a.m. CT, to discuss the financial results. Investors can join the call by dialing 877-883-0383, confirmation code 3293769. A live online broadcast will be available, and a replay will be accessible for 12 months post-call. FB Financial operates through its subsidiary, FirstBank, with approximately $12.2 billion in total assets and 81 branches across several states.

Treasury Prime announced a partnership with FB Financial Corp to enhance its Banking-as-a-Service (BaaS) offerings. This collaboration expands Treasury Prime’s bank network significantly, which now includes FirstBank, boasting $12.7 billion in assets. The partnership enables FirstBank to provide embedded finance solutions, increasing its service capabilities to fintechs and enterprises. This development follows a similar partnership with Third Coast Bank, indicating Treasury Prime's ongoing growth strategy and commitment to innovative financial solutions.

FB Financial Corporation announced the resignation of Stuart McWhorter as chairman of the board, who is returning to the Tennessee administration. He will be succeeded by William F. Carpenter III, a notable healthcare executive with a strong background in corporate finance and law. Carpenter previously led LifePoint Health, growing it into a Fortune 500 company. The transition is expected to be seamless, with confidence expressed in Carpenter's abilities to drive success at FirstBank. The bank operates 82 branches and has approximately $12.6 billion in total assets.

FB Financial Corporation (NYSE: FBK) declared a quarterly cash dividend of $0.13 per share, payable on August 22, 2022, to shareholders of record as of August 8, 2022. This marks the company’s 18th consecutive quarterly dividend, reflecting its commitment to returning earnings to shareholders. FB Financial operates FirstBank, a community bank with approximately $12.2 billion in total assets and 81 branches across Tennessee, Kentucky, Alabama, and North Georgia.

FB Financial Corporation (NYSE: FBK) reported Q2 results showing a diluted EPS of $0.41, down from $0.90 a year prior. Net income decreased to $19.3 million, impacted by $12.5 million in mortgage restructuring charges and a $2.0 million loss in commercial loans. Adjusted EPS was $0.64, down from $0.88 year-over-year. The banking segment saw a 36.3% growth in adjusted pre-tax earnings, with loans held for investment increasing by 31.0%. However, total deposits fell by 16.7% to $10.54 billion. The company maintains strong capital ratios despite challenges in the mortgage sector.

FB Financial Corporation (NYSE: FBK) will release its 2022 second quarter results after market close on July 18, 2022. The company is scheduled to host a conference call on July 19, 2022, at 8:00 a.m. Central Time to discuss these results. Investors can dial in at 877-883-0383 with a confirmation code of 2771231. A live webcast will also be available on the company's website, with a replay accessible for 12 months after the call.

CPI Card Group (NASDAQ: PMTS) has deepened its collaboration with FirstBank, a subsidiary of FB Financial Corporation (NYSE: FBK), by implementing the Card@Once instant issuance solution in select branches. This rollout includes 47 Card@Once printers across Tennessee, Kentucky, North Alabama, and North Georgia. With approximately $12.6 billion in total assets, FirstBank enhances its customer experience by allowing quick card issuance during branch visits. The Card@Once solution, supported by a SaaS model, eliminates the need for in-house IT management, enabling efficient, cloud-based card issuance.

FB Financial Corporation (NYSE: FBK) declared a quarterly cash dividend of $0.13 per share, payable on May 23, 2022, to shareholders of record as of May 9, 2022. This marks the 17th consecutive quarterly dividend, reflecting the company's commitment to returning value to shareholders. The financial holding company, headquartered in Nashville, Tennessee, operates through its wholly owned banking subsidiary, FirstBank, which has approximately $12.7 billion in total assets and serves multiple states.

FB Financial Corporation (NYSE: FBK) reported a Q1 net income of $35.2 million, or $0.74 per diluted share, down from $1.10 year-over-year. Loan growth was robust, with loans held for investment increasing by 21.3% annualized, totaling $8 billion. Adjusted tangible book value per share rose 9.51% linked quarter to $25.12. Net interest income decreased slightly to $88.9 million, affected by loan amortization. Noninterest income fell notably to $41.4 million. The company maintained strong credit metrics, with nonperforming loans reducing to 0.51% of loans held for investment.