FB Financial Corporation - FBK STOCK NEWS

FB Financial Corporation (NYSE: FBK) announced a new stock repurchase program totaling $100 million, authorized by its Board of Directors. This program replaces a prior authorization expiring on March 31, 2022, and will remain effective until January 31, 2024. CEO Christopher T. Holmes highlighted that this initiative reflects the company's financial strength and aims to enhance shareholder value while managing capital effectively. Shares may be repurchased on the open market or through private transactions, based on market conditions.

FirstBank's division, ConsumerDirect Mortgage, is rebranding to Real Genius to better reflect its advanced mortgage technology. This name change aligns with their mission to simplify the mortgage process and enhance cost transparency for consumers. Since its inception in 2012, Real Genius has assisted over 51,000 families, lending more than $15 billion. The new branding is accompanied by a modern mortgage application platform aimed at providing users with expert guidance and competitive rates, ensuring a seamless experience for customers nationwide.

FB Financial Corporation (NYSE: FBK) has declared a quarterly cash dividend of $0.13 per share, payable on February 22, 2022, to shareholders of record as of February 8, 2022. This marks the company's 16^th consecutive quarterly dividend, with a notable 18% increase compared to previous quarters. CEO Christopher T. Holmes expressed commitment to returning earnings to shareholders as part of their long-term value strategy.

FB Financial Corporation (FBK) reported a Q4 net income of $48.8 million, translating to a diluted EPS of $1.02, which shows an increase from $0.95 in Q4 2020. The annualized loan growth for the fourth quarter was 16.9%, amounting to $310 million. Additionally, the return on average assets (ROAA) stood at 1.60%. For the full year 2021, net income was $190.3 million, or $3.97 per diluted share. The Company’s book value per share increased to $30.13. CEO Christopher Holmes expressed satisfaction with the robust results and deposit growth of over 20% in 2021.

FB Financial Corporation (NYSE:FBK) will announce its 2021 fourth quarter and year-end results on January 18, 2022, before market open. A conference call will follow at 8:00 a.m. Central Time to discuss the results. Interested participants can join by calling 888-317-6003 (code: 7100213) or via a live webcast. A replay will be available shortly after the conclusion of the call.

Aimee Hamilton has been appointed as Chief Risk Officer of FirstBank and its parent company, FB Financial Corporation (FBK). In her new role, she will lead the enterprise risk management activities and oversee compliance, physical security, information security, and credit review. With over 30 years in financial risk management, Hamilton previously served as Chief Risk Officer at Cadence Bank. FirstBank operates 82 branches and holds approximately $11.9 billion in total assets, positioning itself as a major player in the Southeastern banking sector.

FB Financial Corporation (NYSE: FBK) has declared a quarterly cash dividend of $0.11 per share, payable on November 22, 2021, to shareholders of record as of November 8, 2021. This marks the company's 15th consecutive quarterly dividend, reflecting its commitment to enhancing long-term shareholder value by returning earnings through dividends. Headquartered in Nashville, Tennessee, FB Financial operates as a bank holding company with approximately $11.8 billion in assets and 81 branches across multiple states.

FB Financial Corporation (NYSE: FBK) reported a Q3 2021 net income of $45.3 million, or $0.94 per diluted share, reversing a loss from Q3 2020. The company achieved a return on average assets (ROAA) of 1.51% and strong loan growth of $95.7 million, or 5.28% annualized. Adjusted net income was $42.7 million, with a tangible book value per share increasing to $23.90. Noninterest income increased to $59.0 million, supported by improved mortgage banking results. The efficiency ratio improved, reflecting better management of expenses.

FB Financial Corporation (NYSE:FBK) has scheduled the release of its third quarter 2021 results on October 18, 2021, post-market close. A conference call to discuss the results will take place on October 19, 2021, at 8:00 a.m. Central Time. Investors can join the call by dialing 888-317-6003 with the confirmation code 5735028. The call will also be available via a live webcast and a replay will be accessible thereafter.

FB Financial operates as a bank holding company with total assets of approximately $11.9 billion.