Net interest income reached 146.0 million dollars in 2026Q1, reflecting a 35.6 percent year-over-year growth rate despite a stagnant 0.9 percent net interest margin.
| 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 |
|---|
| Net Interest Income | 588.97M | 516.1M | 416.5M | 407.22M | 412.24M | 347.37M | 265.66M | 226.04M | 204.07M | 153.27M | 110.95M | 93.87M | 83.38M | 75.48M | 0 |
| NII Growth % | 121.28% | 23.91% | 2.28% | -1.22% | 18.67% | 30.76% | 17.53% | 10.76% | 33.14% | 38.14% | 18.19% | 12.59% | 10.47% | - | - |
| Net Interest Margin % | 3.58% | 3.17% | 3.17% | 3.23% | 3.21% | 2.76% | 2.37% | 3.69% | 3.97% | 3.24% | 3.39% | 3.24% | 3.43% | 3.34% | 0% |
| Interest Income | 879.57M | 833.93M | 725.54M | 678.41M | 481.42M | 385M | 314.64M | 282.54M | 239.57M | 169.61M | 120.49M | 102.78M | 92.89M | 87.08M | 0 |
| Interest Expense | 325.15M | 317.83M | 309.04M | 271.19M | 69.19M | 37.63M | 48.99M | 56.5M | 35.5M | 16.34M | 9.54M | 8.91M | 9.51M | 11.61M | 0 |
| Loan Loss Provision | 44.01M | 43.28M | 12M | 2.54M | 18.98M | -40.99M | 107.97M | 7.05M | 5.4M | -950K | -1.48M | -3.06M | -2.72M | -1.52M | 0 |
| Non-Interest Income | 47.25M | 43.91M | 41.24M | 70.57M | 114.93M | 228.25M | 301.86M | 135.4M | 130.64M | 141.58M | 144.69M | 89.59M | 50.8M | 41.39M | 105.85M |
| Non-Interest Income % | 4.58% | 5% | 5.38% | 9.42% | 19.27% | 37.22% | 48.96% | 32.4% | 35.29% | 45.5% | 54.56% | 46.57% | 35.36% | 32.22% | 100% |
| Total Revenue | 1.03B | 877.84M | 766.77M | 748.98M | 596.35M | 613.25M | 616.5M | 417.93M | 370.21M | 311.19M | 265.18M | 192.37M | 143.69M | 128.47M | 105.85M |
| Revenue Growth % | 78.06% | 14.48% | 2.38% | 25.59% | -2.76% | -0.53% | 47.51% | 12.89% | 18.97% | 17.35% | 37.85% | 33.88% | 11.85% | 21.37% | - |
| Non-Interest Expense | 393.83M | 378.21M | 299.07M | 324.96M | 348.61M | 373.57M | 377.08M | 244.84M | 223.46M | 222.32M | 194.79M | 135.7M | 102.16M | 89.58M | 83.87M |
| Efficiency Ratio | 38.2% | 43.08% | 39% | 43.39% | 58.46% | 60.92% | 61.17% | 58.58% | 60.36% | 71.44% | 73.46% | 70.54% | 71.1% | 69.73% | 79.24% |
| Operating Income | 247.72M | 138.52M | 146.67M | 150.29M | 159.57M | 243.05M | 82.46M | 109.54M | 105.85M | 73.48M | 62.32M | 50.82M | 34.73M | 28.8M | 31.19M |
| Operating Margin % | 24.03% | 15.78% | 19.13% | 20.07% | 26.76% | 39.63% | 13.38% | 26.21% | 28.59% | 23.61% | 23.5% | 26.42% | 24.17% | 22.42% | 29.47% |
| Operating Income Growth % | - | -5.56% | -2.41% | -5.82% | -34.35% | 194.75% | -24.72% | 3.48% | 44.05% | 17.91% | 22.63% | 46.34% | 20.61% | -7.67% | - |
| Pretax Income | 163.84M | 138.52M | 146.67M | 150.29M | 159.57M | 243.05M | 82.46M | 109.54M | 105.85M | 73.48M | 62.32M | 50.82M | 34.73M | 28.8M | 21.97M |
| Pretax Margin % | 15.89% | 15.78% | 19.13% | 20.07% | 26.76% | 39.63% | 13.38% | 26.21% | 28.59% | 23.61% | 23.5% | 26.42% | 24.17% | 22.42% | 20.76% |
| Income Tax | 23.04M | 15.88M | 30.62M | 30.05M | 35M | 52.75M | 18.83M | 25.73M | 25.62M | 21.09M | 21.73M | 2.97M | 2.27M | 1.89M | 1.46M |
| Effective Tax Rate % | 14.06% | 11.46% | 20.88% | 20% | 21.94% | 21.7% | 22.84% | 23.48% | 24.2% | 28.7% | 34.87% | 5.84% | 6.53% | 6.58% | 6.63% |
| Net Income | 195.4M | 122.62M | 116.03M | 120.22M | 124.56M | 190.28M | 63.62M | 83.81M | 80.24M | 52.4M | 40.59M | 47.86M | 32.46M | 26.9M | 20.52M |
| Net Margin % | 18.95% | 13.97% | 15.13% | 16.05% | 20.89% | 31.03% | 10.32% | 20.05% | 21.67% | 16.84% | 15.31% | 24.88% | 22.59% | 20.94% | 19.38% |
| Net Income Growth % | 116.21% | 5.68% | -3.48% | -3.48% | -34.54% | 199.09% | -24.09% | 4.46% | 53.13% | 29.09% | -15.18% | 47.42% | 20.66% | 31.13% | - |
| Net Income (Continuing) | 140.79M | 122.63M | 116.03M | 120.24M | 124.57M | 190.3M | 63.63M | 83.81M | 80.24M | 52.4M | 40.59M | 47.86M | 32.46M | 26.9M | 20.52M |
| EPS (Diluted) | 3.74 | 2.40 | 2.48 | 2.57 | 2.64 | 3.97 | 1.67 | 2.65 | 2.56 | 1.86 | 2.10 | 2.00 | 1.89 | 1.12 | 1.19 |
| EPS Growth % | 91.41% | -3.23% | -3.5% | -2.65% | -33.5% | 137.72% | -36.98% | 3.52% | 37.63% | -11.43% | 5% | 5.82% | 68.75% | -5.88% | - |
| EPS (Basic) | - | 2.41 | 2.49 | 2.57 | 2.64 | 4.01 | 1.69 | 2.70 | 2.62 | 1.90 | 2.12 | 2.00 | 1.35 | 1.12 | 1.19 |
| Diluted Shares Outstanding | 52.2M | 53.07M | 46.83M | 46.82M | 47.24M | 47.96M | 38.1M | 31.4M | 31.32M | 28.21M | 19.31M | 23.98M | 17.18M | 23.98M | 17.18M |
Mortgage segment earnings volatility
According to recent financial disclosures, FBK achieved a significant acceleration in net interest income, reaching 146.0 million dollars in 2026Q1, which represents a robust 35.6 percent year-over-year growth rate, suggesting that the bank is successfully capturing yield expansion despite a competitive regional deposit environment.
The sharp uptick in NII suggests that the bank's commercial lending engine in the Nashville MSA is effectively outpacing the rising cost of funding. Investors should monitor whether this growth trajectory remains sustainable as the deposit beta likely continues to normalize in subsequent quarters.
Based on reported figures, the net interest margin has remained remarkably consistent at 0.9 percent throughout the most recent three quarters, indicating that the bank's asset yields are currently tracking closely with the rising interest expense associated with its evolving deposit mix.
The lack of margin expansion despite higher interest rates suggests that the bank is facing significant pressure from deposit repricing, likely driven by a shift toward higher-cost time deposits. This stability may imply that the bank has reached a temporary equilibrium in its funding costs.
As reported in recent filings, the efficiency ratio improved to 37.8 percent in 2026Q1, demonstrating a disciplined approach to managing non-interest expenses even as the bank navigates the inherent volatility of its mortgage segment and the competitive landscape for commercial lending talent.
The ability to maintain an efficiency ratio below 40 percent suggests that management is successfully controlling overhead costs despite the high fixed-cost nature of its branch network. This operational leverage appears to be a critical component of the bank's ability to maintain profitability during cyclical downturns.
Data from the income statement reveals that non-interest fee income remains highly erratic, with a notable swing from a negative 34.6 million dollars in 2025Q2 to 26.4 million dollars in 2026Q1, highlighting the bank's significant exposure to mortgage origination and servicing rights valuation.
The extreme variability in fee income suggests that the mortgage segment acts as a double-edged sword, providing substantial upside during favorable rate environments while creating significant earnings drag during periods of market contraction. Investors should treat these non-interest income figures with caution when assessing the bank's core earnings power.
Based on the provided financial data, the provision for credit losses reached 3.0 million dollars in 2026Q1, a marked improvement from the 34.4 million dollar charge recorded in 2025Q3, which may indicate a stabilization in the bank's assessment of its loan portfolio risk.
The volatility in provision expense warrants further investigation into the bank's CECL modeling assumptions, particularly regarding its concentration in Nashville commercial real estate. While the current provision levels appear manageable, any further deterioration in the regional economic outlook could necessitate more aggressive reserve building.
Quick answers to the most common questions about buying FBK stock.
FB Financial Corporation (FBK) is profitable, generating $122.6M in net income for the fiscal year ending 2025 with a net profit margin of 14.0%.
FB Financial Corporation (FBK) reported an operating income of $138.5M, resulting in an operating profit margin of 15.8%. This margin reflects the operational efficiency of the business before interest and taxes.
FB Financial Corporation (FBK) generated $516.7M in gross profit for the year, representing a gross profit margin of 58.9%. This demonstrates the company's core pricing power and production efficiency.