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FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services. The company operates in two segments, Banking and Mortgage. It offers interest-bearing checking, noninterest-bearing demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits, as well as residential mortgage loans and loan securitization services to third party private investors or government sponsored agencies. The company also provides owner-occupied and non-owner-occupied commercial real estate loans; residential real estate 1-4 family mortgage, multi-family residential, commercial and industrial, construction, land acquisition and land development loans, and single-family interim construction loans, as well as residential lines of credit; consumer and other loans, such as car, boat, and other recreational vehicle loans; and personal lines of credit. In addition, the company offers mortgage banking services through its bank branch network and mortgage banking offices; and securities underwriting, insurance underwriting, and merchant banking. It operates through various full-service branch locations, as well as online or mobile banking. The company serves retail and wealth consumers, small businesses, and corporate clients and owners. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $561M | - | $123M | $147M | 6.3% | 23.2% | 5.7% |
| 2024 | $456M | - | $116M | $132M | 7.4% | -4.6% | -3.5% |
| 2023 | $478M | - | $120M | $191M | 8.3% | -9.4% | -3.5% |
| 2022 | $527M | - | $125M | $789M | 9.4% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 527.17 | 477.79 | 455.57 | 561.18 |
| Operating Revenue | - | 527.17 | 477.79 | 455.57 | 561.18 |
| Selling General And Administration | - | 222.70 | 211.71 | 190.82 | 227.30 |
| Interest Income | - | 481.42 | 678.41 | 725.54 | 833.93 |
| Interest Expense | - | 69.19 | 271.19 | 309.04 | 317.83 |
| Net Interest Income | - | 412.24 | 407.22 | 416.50 | 516.10 |
| Pretax Income | - | 159.57 | 150.29 | 146.67 | 138.52 |
| Tax Provision | - | 35 | 30.05 | 30.62 | 15.88 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -2.79 | -0.01 | -0.45 | -2.87 |
| Net Income Continuous Operations | - | 124.57 | 120.24 | 116.05 | 122.64 |
| Net Income From Continuing And Discontinued Operation | - | 124.56 | 120.22 | 116.04 | 122.62 |
| Net Income From Continuing Operation Net Minority Interest | - | 124.56 | 120.22 | 116.04 | 122.62 |
| Net Income | - | 124.56 | 120.22 | 116.04 | 122.62 |
| Net Income Common Stockholders | - | 124.56 | 120.22 | 116.04 | 122.62 |
| Net Income Including Noncontrolling Interests | - | 124.57 | 120.24 | 116.05 | 122.64 |
| Normalized Income | - | 134.49 | 120.25 | 117.75 | 144.72 |
| Diluted NI Availto Com Stockholders | - | 124.56 | 120.22 | 116.04 | 122.62 |
| Basic Average Shares | - | 47.11 | 46.78 | 46.74 | 49.74 |
| Diluted Average Shares | - | 47.24 | 46.82 | 46.87 | 50.07 |
| Reconciled Depreciation | - | 12.60 | 14.84 | 14.91 | 17.35 |
| Total Unusual Items | - | -12.72 | -0.03 | -2.17 | -24.97 |
| Total Unusual Items Excluding Goodwill | - | -12.72 | -0.03 | -2.17 | -24.97 |
| Minority Interests | - | -0.02 | -0.02 | -0.02 | -0.02 |
| Special Income Charges | - | -12.72 | -0.03 | 0 | -24.97 |
| Other Special Charges | - | 0.26 | 0.03 | 2.17 | 1.17 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 0 | 23.80 |
| Gain On Sale Of Security | - | -0.38 | -13.97 | -56.38 | -60.46 |
| Depreciation Amortization Depletion Income Statement | - | 4.58 | 3.66 | 2.95 | 5.30 |
| Depreciation And Amortization In Income Statement | - | 4.58 | 3.66 | 2.95 | 5.30 |
| General And Administrative Expense | - | 211.49 | 203.44 | 183.81 | 217.72 |
| Other Gand A | 9.99 | - | - | - | - |
| Salaries And Wages | - | 211.49 | 203.44 | 183.81 | 217.72 |
| Selling And Marketing Expense | - | 11.21 | 8.27 | 7.01 | 9.58 |
| Amortization | - | 4.58 | 3.66 | 2.95 | 5.30 |
| Amortization Of Intangibles Income Statement | - | 4.58 | 3.66 | 2.95 | 5.30 |
| Occupancy And Equipment | - | 23.56 | 28.15 | 26.25 | 28.08 |
| Professional Expense And Contract Services Expense | - | 15.03 | 8.89 | 7.68 | 8.15 |
| Other Non Interest Expense | - | 70.01 | 72.52 | 69.20 | 85.58 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| FB Financial Corporationthis co. | FBK | $2.7B | 22.32↑ premium | 1.40 | 6.3% | - |
| Provident Financial Services, Inc. | PFS | $2.9B | 10.00 | 1.03 | 10.3% | - |
| WisdomTree, Inc. | WT | $2.9B | 26.77 | 7.01 | 26.2% | 19.33 |
| NMI Holdings, Inc. | NMIH | $2.7B | 7.05 | 1.06 | 15.0% | - |
| Palomar Holdings, Inc. | PLMR | $2.7B |
| - |
| - |
| - |
| - |
| - |
| 13.89 |
| 2.90 |
| 20.9% |
| - |
| Acadian Asset Management Inc. | AAMI | $2.7B | 33.77 | 44.58 | 132.0% | 15.77 |
| Artisan Partners Asset Management Inc. | APAM | $2.7B | 9.16 | 6.06 | 66.2% | 5.35 |
| WaFd, Inc. | WAFD | $2.6B | 11.63 | 0.96 | 8.3% | - |
| Trustmark Corporation | TRMK | $2.6B | 11.51 | 1.22 | 10.6% | - |
| Peer Median | - | 11.57 | 2.06 | 18.0% | 15.77 | |