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 Corporation (NYSE: FBK) reported Q4 2022 net income of $38.1 million, or $0.81 per diluted share, showing a decrease from $1.02 year-over-year. Adjusted EPS was $0.85, down from $0.89 in Q4 2021. For the year, net income totaled $124.6 million, a decline from $190.3 million in 2021. The company achieved a significant 33.7% annualized growth in deposits, reaching $10.9 billion. Total assets increased to $12.8 billion, reflecting a 19.1% annualized growth. However, net interest margin decreased to 3.78% from 3.93% in Q3 2022. Noninterest income fell to $17.5 million from $53.2 million a year prior, largely due to a decline in mortgage banking income.
FB Financial Corporation (NYSE: FBK) is set to release its 2022 fourth quarter and year-end results on January 17, 2023, before market opens. A conference call will follow at 8:00 a.m. CT the same day, accessible via dial-in or online broadcast. The company's assets are approximately $12.2 billion, ranking it in the top 3% of U.S. commercial banks.
FB Financial Corporation (NYSE: FBK) has declared a quarterly cash dividend of $0.13 per share, payable on November 23, 2022, to shareholders of record as of November 9, 2022. This marks the company's 19th consecutive quarterly dividend, reflecting their commitment to returning earnings to shareholders. The company, based in Nashville, Tennessee, operates through its banking subsidiary FirstBank, which has approximately $12.3 billion in total assets.
FB Financial Corporation (NYSE: FBK) reported Q3 2022 net income of $31.8 million or $0.68 per diluted share, down from $0.94 in Q3 2021. Adjusted net income matched diluted EPS at $0.68, with pre-tax earnings at $52.1 million. Loans held for investment grew 22.1% annually to $9.1 billion, while noninterest deposits increased 9.73% to $2.97 billion. Despite a $11.4 million provision for credit losses, the company aims for balanced growth by focusing on customer relationships and managing economic uncertainties. A conference call is scheduled for October 18, 2022.
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.
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