The firm maintains a stable equity-to-assets ratio of 0.12, though the balance sheet is heavily skewed with 15.2 billion dollars in investment securities representing 92 percent of total assets.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 |
|---|
| Cash & Short Term Investments | 5.78B | 1.56B | 1.74B | 1.71B | 2.29B | 3.35B | 2.37B | 789.94M | 749.69M | 589.89M | 705.47M | 725.48M | 693.59M | 747.17M | 58.82M |
| Cash & Due from Banks | 159.88M | 942.5M | 916.66M | 727.61M | 816.52M | 1.67B | 1.2B | 101.56M | 93.99M | 53.62M | 123.29M | 76.09M | 40.99M | 61.63M | 58.82M |
| Short Term Investments | 0 | 613.2M | 826.7M | 978.21M | 1.47B | 1.68B | 1.17B | 688.38M | 655.7M | 536.27M | 582.18M | 649.39M | 652.6M | 685.55M | 0 |
| Total Investments | 15.24B | 13.93B | 11.19B | 10.86B | 10.85B | 9.95B | 9.06B | 5.35B | 4.59B | 4.22B | 2.94B | 2.61B | 2.24B | 2.06B | 0 |
| Investments Growth % | 92.69% | 24.52% | 3.04% | 0.09% | 9.04% | 9.85% | 69.15% | 16.65% | 8.71% | 43.81% | 12.68% | 16.42% | 8.77% | - | - |
| Long-Term Investments | 50.86B | 13.32B | 10.36B | 9.88B | 9.38B | 8.27B | 7.89B | 4.67B | 3.93B | 3.69B | 2.35B | 1.96B | 1.59B | 1.37B | 0 |
| Accounts Receivables | 0 | 58.56M | 49.61M | 52.72M | 45.68M | 38.53M | 43.6M | 17.08M | 14.5M | 13.07M | 7.24M | 6.76M | 6.62M | 6.66M | 0 |
| Goodwill & Intangibles | 379.77M | 531.33M | 411.75M | 416.04M | 423.29M | 375.03M | 346.13M | 264.16M | 238.96M | 230.16M | 85.8M | 83.31M | 56.43M | 52.01M | 53.74M |
| Goodwill | 350.35M | 350.35M | 242.56M | 242.56M | 242.56M | 242.56M | 242.56M | 169.05M | 137.19M | 137.19M | 46.87M | 46.9M | 46.9M | 46.9M | 46.9M |
| Intangible Assets | 29.41M | 180.97M | 169.19M | 173.48M | 180.73M | 132.47M | 103.57M | 95.11M | 101.77M | 92.97M | 38.93M | 36.41M | 9.53M | 5.11M | 6.83M |
| PP&E (Net) | 229.49M | 231.62M | 196.86M | 210.03M | 206.36M | 185.43M | 194.65M | 122.67M | 86.88M | 81.58M | 66.65M | 65.89M | 47.94M | 46.26M | 43.42M |
| Other Assets | 403.24M | 571.03M | 293.42M | 252.05M | 413.66M | 306.72M | 317.97M | 238.2M | 99.53M | 120.36M | 55.23M | 59.04M | 27.66M | 27.9M | 0 |
| Total Current Assets | 219.72M | 1.63B | 1.87B | 1.81B | 2.37B | 3.46B | 2.45B | 833.59M | 776.58M | 609.14M | 714.98M | 734.56M | 709.41M | 757.31M | 58.82M |
| Total Non-Current Assets | 16.25B | 14.67B | 11.29B | 10.79B | 10.46B | 9.14B | 8.76B | 5.29B | 4.36B | 4.12B | 2.56B | 2.16B | 1.72B | 1.5B | 97.16M |
| Total Assets | 16.47B | 16.3B | 13.16B | 12.6B | 12.85B | 12.6B | 11.21B | 6.12B | 5.14B | 4.73B | 3.28B | 2.9B | 2.43B | 2.26B | 2.23B |
| Asset Growth % | 81.45% | 23.89% | 4.39% | -1.89% | 1.98% | 12.41% | 82.98% | 19.24% | 8.65% | 44.27% | 13.02% | 19.41% | 7.52% | 1.16% | - |
| Return on Assets (ROA) | 1.19% | 0.83% | 0.9% | 0.94% | 0.98% | 1.6% | 0.73% | 1.49% | 1.63% | 1.31% | 1.31% | 1.8% | 1.39% | 1.2% | 0.92% |
| Accounts Payable | 0 | 21.55M | 24.18M | 18.81M | 8.65M | 3.16M | 6.77M | 6.46M | 5.01M | 1.5M | 632K | 581K | 602K | 836K | 0 |
| Total Debt | 272.29M | 283.21M | 246.55M | 468.35M | 494.99M | 226.52M | 299.69M | 345.75M | 230.42M | 580.63M | 216.45M | 179.75M | 257.34M | 244.92M | 0 |
| Net Debt | 112.41M | -659.3M | -670.11M | -259.25M | -321.53M | -1.44B | -897.05M | 244.18M | 136.43M | 527.01M | 93.16M | 103.65M | 216.35M | 183.29M | -58.82M |
| Long-Term Debt | 201.59M | 122.78M | 173.03M | 291.95M | 425.24M | 180.15M | 244.51M | 310.22M | 230.42M | 347.6M | 44.89M | 56.62M | 64.85M | 67.86M | 69.3M |
| Short-Term Debt | 17.43M | 99.86M | 13.5M | 108.76M | 0 | 0 | 0 | 0 | 0 | 233.03M | 171.56M | 123.13M | 192.49M | 177.06M | 0 |
| Other Liabilities | 14.22B | 108.44M | 81.78M | 95.66M | 149.18M | 69.46M | 115.62M | 38.44M | 33.06M | -138.42M | 47.57M | 28.88M | 23.31M | 12.08M | 0 |
| Total Current Liabilities | 17.43M | 14.06B | 11.28B | 10.69B | 10.88B | 10.86B | 9.5B | 4.96B | 4.18B | 3.91B | 2.85B | 2.58B | 2.12B | 1.99B | 4.33M |
| Total Non-Current Liabilities | 14.48B | 291.78M | 314.83M | 455.25M | 644.16M | 302.79M | 415.31M | 404.67M | 280.15M | 221.03M | 96.64M | 86.21M | 88.16M | 79.94M | 69.3M |
| Total Liabilities | 14.49B | 14.35B | 11.59B | 11.15B | 11.52B | 11.16B | 9.92B | 5.36B | 4.46B | 4.13B | 2.95B | 2.66B | 2.21B | 2.07B | 2.04B |
| Total Equity | 1.97B | 1.95B | 1.57B | 1.45B | 1.33B | 1.43B | 1.29B | 762.33M | 671.86M | 596.73M | 330.5M | 236.67M | 215.23M | 189.69M | 197.37M |
| Equity Growth % | 81.47% | 24.28% | 7.75% | 9.76% | -7.48% | 10.94% | 69.4% | 13.47% | 12.59% | 80.55% | 39.64% | 9.96% | 13.46% | -3.89% | - |
| Equity / Assets (Capital Ratio) | 11.99% | 11.95% | 11.91% | 11.54% | 10.32% | 11.37% | 11.52% | 12.45% | 13.08% | 12.62% | 10.09% | 8.16% | 8.86% | 8.4% | 8.84% |
| Return on Equity (ROE) | 9.93% | 6.98% | 7.68% | 8.65% | 9.03% | 13.97% | 6.2% | 11.69% | 12.65% | 11.3% | 14.31% | 21.18% | 16.03% | 13.9% | 10.4% |
| Book Value per Share | 37.81 | 36.71 | 33.47 | 31.07 | 28.06 | 29.88 | 33.89 | 24.28 | 21.45 | 21.15 | 17.11 | 9.87 | 12.53 | 7.91 | 11.49 |
| Tangible BV per Share | 30.54 | 26.70 | 24.68 | 22.19 | 19.10 | 22.05 | 24.81 | 15.86 | 13.82 | 13.00 | 12.67 | 6.39 | 9.24 | 5.74 | 8.36 |
| Common Stock | 51.42M | 51.75M | 46.66M | 46.85M | 46.74M | 47.55M | 47.22M | 31.03M | 30.73M | 30.54M | 24.11M | 17.18M | 17.18M | 17.18M | 172K |
| Additional Paid-in Capital | 1.06B | 1.08B | 860.27M | 864.26M | 861.59M | 892.53M | 898.85M | 425.63M | 424.15M | 418.6M | 213.48M | 94.54M | 94.54M | 94.54M | 0 |
| Retained Earnings | 893.1M | 846.62M | 762.29M | 678.41M | 586.53M | 486.67M | 317.63M | 293.52M | 221.21M | 146.8M | 93.78M | 122.49M | 98.24M | 82.38M | 66.73M |
| Accumulated OCI | -35.26M | -32.55M | -101.68M | -134.72M | -169.43M | 5.86M | 27.59M | 12.14M | -4.23M | 148K | -874K | 2.46M | 5.27M | -4.41M | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CRE concentration and liquidity
According to recent financial statements, FBK's total assets grew from 12.5 billion dollars in 2024Q1 to 16.5 billion dollars by 2026Q1, a trend largely fueled by a significant expansion in the investment securities portfolio rather than purely organic loan growth within the core banking segment.
The shift toward a larger securities portfolio suggests management is prioritizing liquidity and interest rate positioning over aggressive loan book expansion in the current cycle. Investors should monitor whether this asset mix shift reflects a defensive posture against potential credit deterioration in the Nashville commercial real estate market.
As reported in regulatory filings, the equity-to-assets ratio has remained remarkably consistent at 0.12 throughout the last ten quarters, indicating that FBK is successfully scaling its balance sheet while maintaining a stable capital buffer to support its ongoing regional operations and potential future expansion.
This consistency in the leverage ratio implies a disciplined approach to capital management, where retained earnings are effectively keeping pace with asset growth. However, the bank's reliance on this specific capital level warrants further investigation into whether it provides sufficient cushion against potential volatility in the mortgage segment.
Based on the provided balance sheet data, the investment securities portfolio reached 15.2 billion dollars in 2026Q1, representing the vast majority of total assets and serving as the primary liquidity engine for the firm as it navigates the current interest rate environment and regional deposit competition.
The heavy concentration in securities suggests that the bank is utilizing its investment book as a primary tool for managing duration and liquidity risk. This strategy appears to provide a stable foundation, though it may limit the bank's ability to capture higher yields if loan demand in the Nashville corridor accelerates unexpectedly.
Data from the balance sheet indicates that investment securities account for approximately 92 percent of total assets as of 2026Q1, a structural reality that may expose the firm to significant interest rate risk and potential unrealized losses if the yield curve shifts in an unfavorable direction.
While this composition provides high liquidity, it may mask underlying credit risks associated with the bank's core commercial lending activities in the Nashville MSA. Analysts should monitor whether this heavy weighting toward securities is a permanent feature of the business model or a temporary reaction to current market volatility.
Quick answers to the most common questions about buying FBK stock.
As of 2025, FB Financial Corporation (FBK) had total assets of $16.30B including $1.63B in current assets.
FB Financial Corporation (FBK) carries total debt of $283.2M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
FB Financial Corporation (FBK) has total shareholders' equity (book value) of $1.95B ($36.71 book value per share). Book value represents the net worth of the company belonging to common stock holders.
FB Financial Corporation (FBK) reported a current ratio of 0.12x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.