Fb Financia Stock Price, News & Analysis

FB Financial (NYSE: FBK) reported strong Q1 2025 financial results with net income of $39.4 million, or $0.84 per diluted share, up from $0.59 in Q1 2024. The company's loan portfolio grew to $9.77 billion, showing a 7.14% annualized increase from the previous quarter.

Key highlights include:

• Net interest margin improved to 3.55% from 3.50% in the previous quarter
• Total deposits remained stable at $11.20 billion
• Book value per share reached $34.44
• Core efficiency ratio was 59.9%

The company maintained strong capital position with a preliminary total risk-based capital ratio of 15.2% and continued its share buyback program, repurchasing 208,680 shares during the quarter. Credit quality remained solid with net charge-offs at 0.14% of average loans HFI.

FB Financial (NYSE:FBK) has scheduled its 2025 first quarter earnings release for Monday, April 14, 2025, after market close. The company will host a conference call to discuss the results on Tuesday, April 15, 2025, at 8:00 a.m. Central Time.

Investors and analysts can join via phone at 877-883-0383 (confirmation code: 4248151) or watch the live webcast at FBK 1Q25 Webcast. A telephonic replay will be available until April 22, 2025, at 877-344-7529 (confirmation code: 8228154). The webcast replay will remain accessible on the company's website for 12 months.

FB Financial (NYSE: FBK) and Southern States Bancshares have announced a definitive merger agreement, with Southern States merging into FB Financial. The transaction is valued at approximately $381 million, with Southern States shareholders receiving 0.800 shares of FB Financial common stock for each Southern States share.

Southern States, headquartered in Anniston, Alabama, brings 15 branches across Alabama and Georgia, plus two loan production offices in Atlanta MSA. As of December 31, 2024, Southern States reported total assets of $2.8 billion, loans of $2.2 billion, and deposits of $2.4 billion.

The merger is expected to close in late Q3 or early Q4 2025, subject to regulatory and shareholder approvals. Southern States' President and CEO Mark A. Chambers and CFO Lynn J. Joyce will take meaningful roles in the combined company, and one Southern States Director will join FB Financial's Board.

FB Financial (NYSE: FBK) has announced a 12% increase in its quarterly cash dividend to $0.19 per share. The dividend will be payable on February 25, 2025, to shareholders of record as of February 11, 2025. This marks the company's 28th consecutive quarterly dividend payment, reflecting its financial strength and commitment to delivering consistent returns to shareholders. President and CEO Christopher T. Holmes emphasized that this increase demonstrates the company's profitable growth and dedication to maintaining strong shareholder returns.

FB Financial (NYSE: FBK) reported Q4 2024 net income of $37.9 million, or $0.81 per diluted share, compared to $0.22 in Q3 and $0.63 in Q4 2023. Adjusted earnings per share were $0.85, compared to $0.86 in Q3 and $0.77 in Q4 2023.

The company showed strong growth with loans held for investment reaching $9.60 billion (5.22% annualized increase) and total deposits of $11.21 billion (8.49% annualized increase). Net interest margin was 3.50%, slightly down from 3.55% in Q3 but up from 3.46% in Q4 2023.

Credit quality metrics showed net charge-offs of 0.47% of average loans, primarily due to a single commercial relationship. The company maintained a strong capital position with a preliminary total risk-based capital ratio of 15.2% and common equity tier 1 ratio of 12.8%.

FB Financial (NYSE:FBK) has announced it will release its 2024 fourth quarter and year-end results on Tuesday, January 21, 2025, before market opening. The company will host a conference call at 8:00 a.m. Central Time on the same day to discuss the results.

Investors and analysts can join the call using the dial-in number 877-883-0383 with confirmation code 6995872. A telephonic replay will be available for approximately two hours after the call until January 28, 2025, accessible at 877-344-7529 with code 7270666. Additionally, a live webcast will be available, with an online replay remaining accessible for 12 months on the company's website.

FB Financial (NYSE: FBK) has declared a quarterly cash dividend of $0.17 per share, payable on November 19, 2024, to shareholders of record as of November 5, 2024. This marks the company's 27th consecutive quarter of dividend payments, demonstrating their commitment to delivering consistent value to shareholders. The announcement reinforces FB Financial's focus on maintaining financial stability and creating sustainable value for investors.

FB Financial (NYSE: FBK) reported Q3 2024 net income of $10.2 million, or $0.22 per diluted share. Adjusted net income was $40.1 million, or $0.86 per diluted share. Key highlights include:

- Loans held for investment increased to $9.48 billion, a 7.20% annualized increase from Q2
- Deposits grew to $10.98 billion, up from $10.47 billion in Q2
- Net interest margin was 3.55%, compared to 3.57% in Q2
- Book value per share reached $33.48, a 19.7% annualized increase from Q2
- The company sold $318.6 million in securities at 2.25% yield and reinvested at 5.25% yield
- Core efficiency ratio was 58.4%, compared to 58.3% in Q2

The company maintains a strong capital position with a total risk-based capital ratio of 15.1% and a tangible common equity to tangible assets ratio of 10.4%.

FB Financial (NYSE:FBK) has announced its upcoming 2024 third quarter earnings call. The company will release its Q3 2024 results on Tuesday, October 15, 2024, before the market opens. A conference call to discuss the results is scheduled for 10:00 a.m. Central Time on the same day.

Investors and analysts can join the call by dialing 877-883-0383 with confirmation code 8581921. A telephonic replay will be available until October 22, 2024, by calling 877-344-7529 with code 5751189. Additionally, a live online broadcast of the call will be accessible at FBK 3Q24 Webcast, with an online replay available on the company's website for 12 months after the call.