FB Financial Corporation (FBK) 10-Year Financial Performance & Capital Metrics

FBK • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingSoutheast Community Banks

AboutFB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as engages in the mortgage origination business. The company also provides owner-occupied and non-owner-occupied real estate commercial, residential real estate 1-4 family mortgage, multi-family residential, commercial and industrial, construction, land acquisition, residential lines of credit, and land development loans; and consumer and other loans, such as car, boat, and other recreational vehicle loans, as well as manufactured homes without real estate and personal lines of credit. In addition, the company offers mortgage banking services through its bank branch networks in the southeastern United States; an internet delivery channel; and trust, insurance, and investment services, as well as online and mobile banking services. As of December 31, 2021, it operated 82 full-service bank branches and 9 limited-service branches locations throughout Tennessee, North Alabama, Southern Kentucky, and North Georgia; and 23 mortgage offices throughout the southeastern United States. The company was formerly known as First South Bancorp, Inc. and changed its name to FB Financial Corporation in 2016. FB Financial Corporation was founded in 1906 and is headquartered in Nashville, Tennessee.Show more

Net Interest Income $417M +2.3%
Total Revenue $767M +2.4%
Net Income $116M -3.5%
Return on Equity 7.68% -11.2%
Net Interest Margin 3.17% -2.0%
Efficiency Ratio 39% -10.1%
ROA 0.9% -4.6%
Equity / Assets 11.91% +3.2%
Book Value per Share 33.47 +7.7%
Tangible BV/Share 24.68 +11.2%
Debt/Equity 0.16 -51.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 39.0% efficiency ratio
✓Well capitalized: 11.9% equity/assets
✓Trading near 52-week high

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y18.23%

5Y12.9%

3Y7.73%

TTM-

Profit (Net Income) CAGR

10Y13.59%

5Y6.72%

3Y-15.2%

TTM-22.41%

EPS CAGR

10Y2.75%

5Y-1.32%

3Y-14.52%

TTM-22.06%

ROCE

10Y Avg11.09%

5Y Avg8.79%

3Y Avg8.03%

Latest7.73%

Peer Comparison

Southeast Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
FFINFirst Financial Bankshares, Inc.	4.68B	32.65	20.93	18.79%	30.24%	14.14%	6.26%	0.12
FHNFirst Horizon Corporation	11.85B	24.44	17.97	4.71%	15.7%	9.58%	10.33%	0.50
AUBAtlantic Union Bankshares Corporation	5.47B	38.36	17.13	28.8%	15.53%	4.22%	5.51%	0.17
UCBUnited Community Banks, Inc.	4.09B	33.91	16.62	14.65%	17.05%	8.83%	7.4%	0.13
SNVSynovus Financial Corp.	6.95B	50.05	16.52	1.16%	14.09%	13.7%	11.01%	0.35
PNFPPinnacle Financial Partners, Inc.	14.67B	97.65	16.38	15.32%	16.65%	9.1%	5.5%	0.39
CADECadence Bank	8.27B	44.40	16.03	32.37%	18.03%	9.08%	9.39%	0.01
ABCBAmeris Bancorp	5.56B	81.41	15.69	9.75%	21.97%	9.91%	2.53%	0.11

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	93.87M	110.95M	153.27M	204.07M	226.04M	265.66M	347.37M	412.24M	407.22M	416.5M
NII Growth %	0.13%	0.18%	0.38%	0.33%	0.11%	0.18%	0.31%	0.19%	-0.01%	0.02%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	102.78M	120.49M	169.61M	239.57M	282.54M	314.64M	385M	481.42M	678.41M	725.54M
Interest Expense	8.91M	9.54M	16.34M	35.5M	56.5M	48.99M	37.63M	69.19M	271.19M	309.04M
Loan Loss Provision	-3.06M	-1.48M	-950K	5.4M	7.05M	107.97M	-40.99M	18.98M	2.54M	12M
Non-Interest Income+	89.59M	144.69M	141.58M	130.64M	135.4M	301.86M	228.25M	114.93M	70.57M	41.24M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	192.37M	265.18M	311.19M	370.21M	417.93M	616.5M	613.25M	596.35M	748.98M	766.77M
Revenue Growth %	0.34%	0.38%	0.17%	0.19%	0.13%	0.48%	-0.01%	-0.03%	0.26%	0.02%
Non-Interest Expense	135.7M	194.79M	222.32M	223.46M	244.84M	377.08M	373.57M	348.61M	324.96M	299.07M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	50.82M	62.32M	73.48M	105.85M	109.54M	82.46M	243.05M	159.57M	150.29M	146.67M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.46%	0.23%	0.18%	0.44%	0.03%	-0.25%	1.95%	-0.34%	-0.06%	-0.02%
Pretax Income+	50.82M	62.32M	73.48M	105.85M	109.54M	82.46M	243.05M	159.57M	150.29M	146.67M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.97M	21.73M	21.09M	25.62M	25.73M	18.83M	52.75M	35M	30.05M	30.62M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	47.86M	40.59M	52.4M	80.24M	83.81M	63.62M	190.28M	124.56M	120.22M	116.03M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.47%	-0.15%	0.29%	0.53%	0.04%	-0.24%	1.99%	-0.35%	-0.03%	-0.03%
Net Income (Continuing)	47.86M	40.59M	52.4M	80.24M	83.81M	63.63M	190.3M	124.57M	120.24M	116.03M
EPS (Diluted)+	2.00	2.10	1.86	2.56	2.65	1.67	3.97	2.64	2.57	2.48
EPS Growth %	0.06%	0.05%	-0.11%	0.38%	0.04%	-0.37%	1.38%	-0.34%	-0.03%	-0.04%
EPS (Basic)	2.00	2.12	1.90	2.62	2.70	1.69	4.01	2.64	2.57	2.49
Diluted Shares Outstanding	23.98M	19.31M	28.21M	31.32M	31.4M	38.1M	47.96M	47.24M	46.82M	46.83M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	76.09M	123.29M	53.62M	93.99M	101.56M	1.2B	1.67B	816.52M	727.61M	916.66M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	2.61B	2.94B	4.22B	4.59B	5.35B	9.06B	9.95B	10.85B	10.86B	11.19B
Investments Growth %	0.16%	0.13%	0.44%	0.09%	0.17%	0.69%	0.1%	0.09%	0%	0.03%
Long-Term Investments	1.96B	2.35B	3.69B	3.93B	4.67B	7.89B	8.27B	9.38B	9.88B	10.36B
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	46.9M	46.87M	137.19M	137.19M	169.05M	242.56M	242.56M	242.56M	242.56M	242.56M
Intangible Assets	36.41M	38.93M	92.97M	101.77M	95.11M	103.57M	132.47M	180.73M	173.48M	169.19M
PP&E (Net)	65.89M	66.65M	81.58M	86.88M	122.67M	194.65M	185.43M	206.36M	210.03M	196.86M
Other Assets	59.04M	55.23M	120.36M	99.53M	238.2M	317.97M	306.72M	413.66M	252.05M	293.42M
Total Current Assets	734.56M	714.98M	609.14M	776.58M	833.59M	2.45B	3.46B	2.37B	1.81B	1.87B
Total Non-Current Assets	2.16B	2.56B	4.12B	4.36B	5.29B	8.76B	9.14B	10.46B	10.79B	11.29B
Total Assets+	2.9B	3.28B	4.73B	5.14B	6.12B	11.21B	12.6B	12.85B	12.6B	13.16B
Asset Growth %	0.19%	0.13%	0.44%	0.09%	0.19%	0.83%	0.12%	0.02%	-0.02%	0.04%
Return on Assets (ROA)	0.02%	0.01%	0.01%	0.02%	0.01%	0.01%	0.02%	0.01%	0.01%	0.01%
Accounts Payable	581K	632K	1.5M	5.01M	6.46M	6.77M	3.16M	8.65M	18.81M	24.18M
Total Debt+	179.75M	216.45M	580.63M	230.42M	345.75M	299.69M	226.52M	494.99M	468.35M	246.55M
Net Debt	103.65M	93.16M	527.01M	136.43M	244.18M	-897.05M	-1.44B	-321.53M	-259.25M	-670.11M
Long-Term Debt	56.62M	44.89M	347.6M	230.42M	310.22M	244.51M	180.15M	425.24M	291.95M	173.03M
Short-Term Debt	123.13M	171.56M	233.03M	0	0	0	0	0	108.76M	13.5M
Other Liabilities	28.88M	47.57M	-138.42M	33.06M	38.44M	115.62M	69.46M	149.18M	95.66M	81.78M
Total Current Liabilities	2.58B	2.85B	3.91B	4.18B	4.96B	9.5B	10.86B	10.88B	10.69B	11.28B
Total Non-Current Liabilities	86.21M	96.64M	221.03M	280.15M	404.67M	415.31M	302.79M	644.16M	455.25M	314.83M
Total Liabilities	2.66B	2.95B	4.13B	4.46B	5.36B	9.92B	11.16B	11.52B	11.15B	11.59B
Total Equity+	236.67M	330.5M	596.73M	671.86M	762.33M	1.29B	1.43B	1.33B	1.45B	1.57B
Equity Growth %	0.1%	0.4%	0.81%	0.13%	0.13%	0.69%	0.11%	-0.07%	0.1%	0.08%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.21%	0.14%	0.11%	0.13%	0.12%	0.06%	0.14%	0.09%	0.09%	0.08%
Book Value per Share	9.87	17.11	21.15	21.45	24.28	33.89	29.88	28.06	31.07	33.47
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	17.18M	24.11M	30.54M	30.73M	31.03M	47.22M	47.55M	46.74M	46.85M	46.66M
Additional Paid-in Capital	94.54M	213.48M	418.6M	424.15M	425.63M	898.85M	892.53M	861.59M	864.26M	860.27M
Retained Earnings	122.49M	93.78M	146.8M	221.21M	293.52M	317.63M	486.67M	586.53M	678.41M	762.29M
Accumulated OCI	2.46M	-874K	148K	-4.23M	12.14M	27.59M	5.86M	-169.43M	-134.72M	-101.68M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-45.77M	-245.2M	37.61M	212.21M	63.91M	-270M	54.88M	799.71M	211.07M	138.8M
Operating CF Growth %	0.57%	-4.36%	1.15%	4.64%	-0.7%	-5.23%	1.2%	13.57%	-0.74%	-0.34%
Net Income	47.86M	40.59M	52.4M	80.24M	83.81M	63.63M	190.3M	124.57M	120.22M	116.05M
Depreciation & Amortization	7.62M	14.45M	6.31M	7.52M	9.52M	12.86M	13.89M	12.6M	14.84M	14.91M
Deferred Taxes	1.65M	9.26M	6.46M	6.36M	-1.92M	-25.53M	30.77M	12.55M	-1.42M	-1.76M
Other Non-Cash Items	-114.41M	-304.77M	-88.42M	149.96M	-2.68M	-320.05M	-148.55M	585.69M	72.64M	21.57M
Working Capital Changes	11.52M	-9.42M	54.1M	-39.07M	-31.92M	-11.12M	-41.79M	54.05M	-5.6M	-21.46M
Cash from Investing+	-51.82M	-32.74M	-267.17M	-586.5M	-182.91M	309.42M	-849.56M	-1.75B	-55.22M	-294M
Purchase of Investments	-164.86M	-316.38M	-81.35M	-203.84M	-151.43M	-424.97M	-847.21M	-252.89M	-202.05M	-915.43M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	24M	0	-135.14M	0	171.03M	248.45M	0	0	0	0
Other Investing	-202.88M	-87.09M	-224.22M	-448.32M	-333.22M	124.84M	-301.36M	-1.7B	-64.69M	-198.28M
Cash from Financing+	145.37M	316.55M	212.98M	379.9M	226.33M	1.05B	1.27B	184.1M	-371.98M	386.76M
Dividends Paid	-25.35M	-69.3M	0	-6.14M	-10.04M	-14.18M	-20.87M	-24.5M	-28.06M	-31.78M
Share Repurchases	0	0	0	0	0	0	-7.59M	-39.98M	-4.94M	-12.7M
Stock Issued	0	116.05M	153.36M	1.2M	804K	978K	1.48M	1.21M	723K	882K
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	-1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K
Other Financing	260.33M	233.09M	6.05M	509.31M	167.34M	1.19B	1.38B	72.37M	-294.7M	560.36M
Net Change in Cash+	47.77M	38.6M	-16.58M	5.61M	107.33M	1.09B	479.84M	-770.69M	-216.12M	231.56M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	49.95M	97.72M	136.33M	119.75M	125.36M	232.68M	1.32B	1.8B	1.03B	810.93M
Cash at End	97.72M	136.33M	119.75M	125.36M	232.68M	1.32B	1.8B	1.03B	810.93M	1.04B
Interest Paid	8.98M	9.47M	15.47M	31.99M	55.05M	48.68M	41.24M	63.7M	261.03M	303.66M
Income Taxes Paid	1.75M	1.31M	22.29M	24.39M	25.29M	20.42M	61.69M	906K	37.94M	43.2M
Free Cash Flow+	-51.69M	-249.99M	33.06M	202.06M	57.09M	-275.94M	48.78M	789.08M	190.84M	132.25M
FCF Growth %	0.53%	-3.84%	1.13%	5.11%	-0.72%	-5.83%	1.18%	15.18%	-0.76%	-0.31%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	21.18%	14.31%	11.3%	12.65%	11.69%	6.2%	13.97%	9.03%	8.65%	7.68%
Return on Assets (ROA)	1.8%	1.31%	1.31%	1.63%	1.49%	0.73%	1.6%	0.98%	0.94%	0.9%
Net Interest Margin	3.24%	3.39%	3.24%	3.97%	3.69%	2.37%	2.76%	3.21%	3.23%	3.17%
Efficiency Ratio	70.54%	73.46%	71.44%	60.36%	58.58%	61.17%	60.92%	58.46%	43.39%	39%
Equity / Assets	8.16%	10.09%	12.62%	13.08%	12.45%	11.52%	11.37%	10.32%	11.54%	11.91%
Book Value / Share	9.87	17.11	21.15	21.45	24.28	33.89	29.88	28.06	31.07	33.47
NII Growth	12.59%	18.19%	38.14%	33.14%	10.76%	17.53%	30.76%	18.67%	-1.22%	2.28%
Dividend Payout	52.97%	170.73%	-	7.65%	11.98%	22.28%	10.97%	19.67%	23.34%	27.39%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Mortgage Banking	100.66M	100.92M	255.33M	167.56M	73.58M	44.69M	46.63M
Mortgage Banking Growth	-	0.25%	153.01%	-34.37%	-56.09%	-39.26%	4.35%
Investment Advisory, Management and Administrative Service	5.18M	5.24M	7.08M	8.56M	8.87M	11.32M	14.19M
Investment Advisory, Management and Administrative Service Growth	-	1.22%	35.01%	20.88%	3.60%	27.68%	25.36%
Deposit Account	8.5M	9.48M	9.16M	10.03M	12.05M	12.15M	13.23M
Deposit Account Growth	-	11.49%	-3.37%	9.54%	20.08%	0.87%	8.89%
Debit Card	10.01M	12.16M	14.91M	19.9M	15.6M	10.28M	11.46M
Debit Card Growth	-	21.45%	22.65%	33.42%	-21.61%	-34.09%	11.51%

Frequently Asked Questions

Valuation & Price

FB Financial Corporation (FBK) has a price-to-earnings (P/E) ratio of 24.4x. This is roughly in line with market averages.

Growth & Financials

FB Financial Corporation (FBK) grew revenue by 2.4% over the past year. Growth has been modest.

Yes, FB Financial Corporation (FBK) is profitable, generating $90.4M in net income for fiscal year 2024 (15.1% net margin).

Dividend & Returns

Yes, FB Financial Corporation (FBK) pays a dividend with a yield of 1.12%. This makes it attractive for income-focused investors.

FB Financial Corporation (FBK) has a return on equity (ROE) of 7.7%. This is below average, suggesting room for improvement.

Industry Metrics

FB Financial Corporation (FBK) has a net interest margin (NIM) of 3.2%. This indicates healthy earnings from lending activities.

FB Financial Corporation (FBK) has an efficiency ratio of 39.0%. This is excellent, indicating strong cost control.

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