FB Financial Corporation Reports Second Quarter 2025 Financial Results
Reports Q2 Diluted EPS of
The Company ended the second quarter of 2025 with loans held for investment (“HFI”) of
President and Chief Executive Officer, Christopher T. Holmes stated, “The Company delivered solid operating results in the second quarter with growth in both loans and customer deposits, a healthy net interest margin and managed expense growth, along with strong capital and liquidity positions. Additionally, we repositioned our balance sheet by selling low-yielding securities which will further enhance both our liquidity and margin moving forward. With the momentum of the quarter, the impact of the balance sheet enhancements and the July 1st closing of the Southern States Bancshares, Inc. (“Southern States”) merger, we are well-positioned for the second half of the year.”
|
|
|
|
Annualized |
|
|
||||||||||||
(dollars in thousands, except share data) |
|
Jun 2025 |
|
Mar 2025 |
|
Jun 2024 |
|
Jun 25 / Mar 25 % Change |
|
Jun 25 / Jun 24 % Change |
||||||||
Balance Sheet Highlights |
|
|
|
|
|
|
|
|
|
|
||||||||
Investment securities, at fair value |
|
$ |
1,337,565 |
|
|
$ |
1,580,720 |
|
|
$ |
1,482,379 |
|
|
(61.7 |
)% |
|
(9.77 |
)% |
Loans held for sale |
|
|
144,212 |
|
|
|
172,770 |
|
|
|
106,875 |
|
|
(66.3 |
)% |
|
34.9 |
% |
Loans HFI |
|
|
9,874,282 |
|
|
|
9,771,536 |
|
|
|
9,309,553 |
|
|
4.22 |
% |
|
6.07 |
% |
Allowance for credit losses on loans HFI |
|
|
(148,948 |
) |
|
|
(150,531 |
) |
|
|
(155,055 |
) |
|
(4.22 |
)% |
|
(3.94 |
)% |
Total assets |
|
|
13,354,238 |
|
|
|
13,136,449 |
|
|
|
12,535,169 |
|
|
6.65 |
% |
|
6.53 |
% |
Interest-bearing deposits (non-brokered) |
|
|
8,692,848 |
|
|
|
8,623,636 |
|
|
|
8,130,704 |
|
|
3.22 |
% |
|
6.91 |
% |
Brokered deposits |
|
|
518,719 |
|
|
|
414,428 |
|
|
|
150,113 |
|
|
100.9 |
% |
|
245.6 |
% |
Noninterest-bearing deposits |
|
|
2,191,903 |
|
|
|
2,163,934 |
|
|
|
2,187,185 |
|
|
5.18 |
% |
|
0.22 |
% |
Total deposits |
|
|
11,403,470 |
|
|
|
11,201,998 |
|
|
|
10,468,002 |
|
|
7.21 |
% |
|
8.94 |
% |
Borrowings |
|
|
164,485 |
|
|
|
168,944 |
|
|
|
360,944 |
|
|
(10.6 |
)% |
|
(54.4 |
)% |
Allowance for credit losses on unfunded commitments |
|
|
12,932 |
|
|
|
6,493 |
|
|
|
5,984 |
|
|
397.8 |
% |
|
116.1 |
% |
Total common shareholders’ equity |
1,611,130 |
1,601,962 |
1,500,502 |
2.30 |
% |
7.37 |
% |
|||||||||||
Book value per common share |
|
$ |
35.17 |
|
|
$ |
34.44 |
|
|
$ |
32.17 |
|
|
8.50 |
% |
|
9.33 |
% |
Tangible book value per common share* |
|
$ |
29.78 |
|
|
$ |
29.12 |
|
|
$ |
26.82 |
|
|
9.09 |
% |
|
11.0 |
% |
Total common shareholders’ equity to total assets |
|
|
12.1 |
% |
|
|
12.2 |
% |
|
|
12.0 |
% |
|
|
|
|
||
Tangible common equity to tangible assets* |
|
|
10.4 |
% |
|
|
10.5 |
% |
|
|
10.2 |
% |
|
|
|
|
||
*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s Second Quarter 2025 Financial Supplement. |
||||||||||||||||||
|
|
Three Months Ended |
||||||||||
(dollars in thousands, except share data) |
|
Jun 2025 |
|
Mar 2025 |
|
Jun 2024 |
||||||
Statement of Income Highlights |
|
|
|
|
|
|
||||||
Net interest income |
|
$ |
111,415 |
|
|
$ |
107,641 |
|
|
$ |
102,615 |
|
NIM |
|
|
3.68 |
% |
|
|
3.55 |
% |
|
|
3.57 |
% |
Noninterest (loss) income |
|
$ |
(34,552 |
) |
|
$ |
23,032 |
|
|
$ |
25,608 |
|
(Loss) gain from securities, net |
|
$ |
(60,549 |
) |
|
$ |
16 |
|
|
$ |
— |
|
Gain (loss) on sales or write-downs of premises and equipment, other real estate owned and other assets, net |
|
$ |
236 |
|
|
$ |
(625 |
) |
|
$ |
(281 |
) |
Total revenue |
|
$ |
76,863 |
|
|
$ |
130,673 |
|
|
$ |
128,223 |
|
Noninterest expense |
|
$ |
81,261 |
|
|
$ |
79,549 |
|
|
$ |
75,093 |
|
Early retirement and severance costs |
|
$ |
— |
|
|
$ |
— |
|
|
$ |
1,015 |
|
Merger and integration costs |
|
$ |
2,734 |
|
|
$ |
401 |
|
|
$ |
— |
|
Efficiency ratio |
|
|
105.7 |
% |
|
|
60.9 |
% |
|
|
58.6 |
% |
Core efficiency ratio* |
|
|
56.9 |
% |
|
|
59.9 |
% |
|
|
58.3 |
% |
Pre-tax, pre-provision net revenue |
|
$ |
(4,398 |
) |
|
$ |
51,124 |
|
|
$ |
53,130 |
|
Adjusted pre-tax, pre-provision net revenue* |
|
$ |
58,649 |
|
|
$ |
52,134 |
|
|
$ |
52,369 |
|
Provisions for credit losses |
|
$ |
5,337 |
|
|
$ |
2,292 |
|
|
$ |
2,224 |
|
Net charge-offs ratio |
|
|
0.02 |
% |
|
|
0.14 |
% |
|
|
0.02 |
% |
Net income applicable to FB Financial Corporation |
|
$ |
2,909 |
|
|
$ |
39,361 |
|
|
$ |
39,979 |
|
Diluted earnings per common share |
|
$ |
0.06 |
|
|
$ |
0.84 |
|
|
$ |
0.85 |
|
Effective tax rate(a) |
|
|
130.0 |
% |
|
|
19.4 |
% |
|
|
21.4 |
% |
Adjusted net income* |
|
$ |
40,821 |
|
|
$ |
40,108 |
|
|
$ |
39,424 |
|
Adjusted diluted earnings per common share* |
|
$ |
0.88 |
|
|
$ |
0.85 |
|
|
$ |
0.84 |
|
Weighted average number of shares outstanding - fully diluted |
|
|
46,179,090 |
|
|
|
47,024,211 |
|
|
|
46,845,143 |
|
Returns on average: |
|
|
|
|
|
|
||||||
Return on average total assets (“ROAA”) |
|
|
0.09 |
% |
|
|
1.21 |
% |
|
|
1.30 |
% |
Adjusted* |
|
|
1.26 |
% |
|
|
1.23 |
% |
|
|
1.28 |
% |
Return on average shareholders’ equity |
|
|
0.74 |
% |
|
|
10.1 |
% |
|
|
10.9 |
% |
Return on average tangible common equity (“ROATCE”)* |
|
|
0.87 |
% |
|
|
11.9 |
% |
|
|
13.1 |
% |
Adjusted* |
|
|
12.4 |
% |
|
|
12.3 |
% |
|
|
13.1 |
% |
*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s Second Quarter 2025 Financial Supplement. |
||||||||||||
(a) The effective tax rate for the three months ended June 30, 2025, reflects a |
||||||||||||
Balance Sheet and Net Interest Margin
The Company reported loans HFI of
Near the end of the second quarter of 2025, the Company elected to sell
The Company reported total deposits of
The Company reported net interest income on a tax-equivalent basis in the second quarter of 2025 of
Holmes continued, “In the second quarter, we took several strategic actions to strengthen the Company’s earnings profile, including restructuring our balance sheet. We are deploying the resulting funds to redeem debt, support loan growth and enhance our funding mix in the second half of the year. Our team remains focused on balancing growth, liquidity and credit quality while driving earnings improvement.”
Noninterest Income
Core noninterest income* was
Mortgage banking income was
Noninterest Expense
Core noninterest expense* during the second quarter of 2025 was
Chief Financial Officer Michael Mettee commented, “Noninterest expense fell within our expectations in the second quarter as we focused on a successful combination with Southern States and the integration of our two institutions. Creating operating leverage remains a key focus as we continue to drive disciplined execution and long-term value.”
Credit Quality
In the second quarter, the Company recorded a provision reversal of
The Company had net charge-offs of
The Company’s nonperforming loans HFI as a percentage of total loans HFI increased to
Holmes commented, “Our allowance for credit losses and charge-offs remained stable during the quarter. We saw a small uptick in nonperforming assets during the quarter, but loss content remains limited, and charge-offs continue at modest levels. We remain consistent and disciplined in our credit management approach and maintain our positive outlook for our credit portfolio.”
Capital
The Company maintained its strong capital position in the second quarter, resulting in a preliminary total risk-based capital ratio of
Holmes continued, “With the successful close of our merger with Southern States, the Company enters the second half of the year with enhanced scale and strategic flexibility. We continue to maintain ample capital to support organic growth and pursue inorganic opportunities. Our disciplined approach to capital deployment keeps us well positioned when the right opportunities arise.”
| _________________________________ | ||||||
*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s Second Quarter 2025 Financial Supplement. |
Summary
Holmes finalized, “As we close the second quarter of 2025, we’re pleased to mark the successful closing of our merger with Southern States. This merger expands our size, reach and ability to serve our customers and communities with greater impact. The energy across our combined team is strong, and we’re focused on delivering enhanced value and performance. With our increased scale and momentum, we are well-positioned to generate stronger returns for our shareholders and seize the opportunities ahead.”
Southern States transaction
On July 1, 2025, the Company completed its merger with Southern States. At closing, Southern States had approximately
WEBCAST AND CONFERENCE CALL INFORMATION
FB Financial Corporation will host a conference call to discuss the Company’s financial results on July 15, 2025, at 8:00 a.m. (Central Time). To listen to the call, participants should dial 1-877-883-0383 (confirmation code 4376121) approximately 10 minutes prior to the call. A telephonic replay will be available approximately two hours after the call through July 22, 2025, by dialing 1-877-344-7529 and entering confirmation code 1412332.
A live online broadcast of the Company’s quarterly conference call will be available online at https://event.choruscall.com/mediaframe/webcast.html?webcastid=KwKnC51G. An online replay will be available on the Company’s website approximately two hours after the conclusion of the call and will remain available for 12 months.
ABOUT FB FINANCIAL CORPORATION
FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in
SUPPLEMENTAL FINANCIAL INFORMATION AND EARNINGS PRESENTATION
Investors are encouraged to review this Earnings Release in conjunction with the Second Quarter 2025 Financial Supplement and Earnings Presentation posted on the Company’s website, which can be found at https://investors.firstbankonline.com. This Earnings Release, the Second Quarter 2025 Financial Supplement and the Earnings Presentation are also included with a Current Report on Form 8-K that the Company furnished to the
FORWARD-LOOKING STATEMENTS
Certain statements contained in this Earnings Release that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company’s future plans, results, strategies, and expectations, including expectations around changing economic markets and statements regarding the merger of Southern States Bancshares, Inc. (“Southern States”) with the Company (the “Merger”) and expectations with regard to the benefits of the Merger. These statements can generally be identified by the use of the words and phrases “may,” “will,” “should,” “could,” “would,” “goal,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target,” “aim,” “predict,” “continue,” “seek,” and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management’s current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on the Company’s business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) risks associated with the Merger, including (a) the risk that the cost savings and any revenue synergies from the Merger is less than or different from expectations, (b) disruption from the Merger with customer, supplier, or employee relationships,(c) the possibility that the costs, fees, expenses and charges related to the Merger may be greater than anticipated, including as a result of unexpected or unknown factors, events, or liabilities, (d) the risks related to the integration of the combined businesses, including the risk that the integration will be materially delayed or will be more costly or difficult than expected, (e) the diversion of management time on merger-related issues, (f) the ability of the Company to effectively manage the larger and more complex operations of the combined company following the Merger, (g) the risk of expansion into new geographic or product markets, (h) reputational risk and the reaction of the parties’ customers to the Merger, (i) the Company’s ability to successfully execute its various business strategies, including its ability to execute on potential acquisition opportunities, and (j) the risk of potential litigation or regulatory action related to the Merger, (7) the Company’s ability to identify potential candidates for, consummate, and achieve synergies from, other potential future acquisitions, (8) the Company’s ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss, (9) the Company’s ability to successfully execute its various business strategies, (10) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (11) the effectiveness of the Company’s controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (12) the Company’s dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (13) the impact, extent and timing of technological changes, (14) concentrations of credit or deposit exposure, (15) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (16) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (17) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward-looking statements contained herein can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in any of the Company’s subsequent filings with the SEC. Many of these factors are beyond the Company’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this Earnings Release, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company.
The Company qualifies all forward-looking statements by these cautionary statements.
GAAP RECONCILIATION AND USE OF NON-GAAP FINANCIAL MEASURES
This Earnings Release contains certain financial measures that are not measures recognized under
The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-core gains and charges in the current and prior periods. The Company’s management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company’s underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company’s results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures.
A reconciliation of these measures to the most directly comparable GAAP financial measures is included in the Company’s Second Quarter 2025 Financial Supplement, which is available at https://investors.firstbankonline.com.
Financial Summary and Key Metrics |
||||||||||||
(Unaudited) |
||||||||||||
(dollars in thousands, except share data) |
||||||||||||
|
|
|
|
|
|
|
||||||
|
|
As of or for the Three Months Ended |
||||||||||
|
|
Jun 2025 |
|
Mar 2025 |
|
Jun 2024 |
||||||
Selected Balance Sheet Data |
|
|
|
|
|
|
||||||
Cash and cash equivalents |
|
$ |
1,165,729 |
|
|
$ |
794,706 |
|
|
$ |
800,902 |
|
Investment securities, at fair value |
|
|
1,337,565 |
|
|
|
1,580,720 |
|
|
|
1,482,379 |
|
Loans held for sale |
|
|
144,212 |
|
|
|
172,770 |
|
|
|
106,875 |
|
Loans HFI |
|
|
9,874,282 |
|
|
|
9,771,536 |
|
|
|
9,309,553 |
�� |
Allowance for credit losses on loans HFI |
|
|
(148,948 |
) |
|
|
(150,531 |
) |
|
|
(155,055 |
) |
Total assets |
|
|
13,354,238 |
|
|
|
13,136,449 |
|
|
|
12,535,169 |
|
Interest-bearing deposits (non-brokered) |
|
|
8,692,848 |
|
|
|
8,623,636 |
|
|
|
8,130,704 |
|
Brokered deposits |
|
|
518,719 |
|
|
|
414,428 |
|
|
|
150,113 |
|
Noninterest-bearing deposits |
|
|
2,191,903 |
|
|
|
2,163,934 |
|
|
|
2,187,185 |
|
Total deposits |
|
|
11,403,470 |
|
|
|
11,201,998 |
|
|
|
10,468,002 |
|
Borrowings |
|
|
164,485 |
|
|
|
168,944 |
|
|
|
360,944 |
|
Allowance for credit losses on unfunded commitments |
|
|
12,932 |
|
|
|
6,493 |
|
|
|
5,984 |
|
Total common shareholders’ equity |
|
|
1,611,130 |
|
|
|
1,601,962 |
|
|
|
1,500,502 |
|
Selected Statement of Income Data |
|
|
|
|
|
|
||||||
Total interest income |
|
$ |
182,084 |
|
|
$ |
179,706 |
|
|
$ |
177,413 |
|
Total interest expense |
|
|
70,669 |
|
|
|
72,065 |
|
|
|
74,798 |
|
Net interest income |
|
|
111,415 |
|
|
|
107,641 |
|
|
|
102,615 |
|
Total noninterest (loss) income |
|
|
(34,552 |
) |
|
|
23,032 |
|
|
|
25,608 |
|
Total noninterest expense |
|
|
81,261 |
|
|
|
79,549 |
|
|
|
75,093 |
|
(Losses) earnings before income taxes and provisions for credit losses |
|
|
(4,398 |
) |
|
|
51,124 |
|
|
|
53,130 |
|
Provisions for credit losses |
|
|
5,337 |
|
|
|
2,292 |
|
|
|
2,224 |
|
Income tax (benefit) expense |
|
|
(12,652 |
) |
|
|
9,471 |
|
|
|
10,919 |
|
Net income applicable to noncontrolling interest |
|
|
8 |
|
|
|
— |
|
|
|
8 |
|
Net income applicable to FB Financial Corporation |
|
$ |
2,909 |
|
|
$ |
39,361 |
|
|
$ |
39,979 |
|
Net interest income (tax-equivalent basis) |
|
$ |
112,236 |
|
|
$ |
108,427 |
|
|
$ |
103,254 |
|
Adjusted net income* |
|
$ |
40,821 |
|
|
$ |
40,108 |
|
|
$ |
39,424 |
|
Adjusted pre-tax, pre-provision net revenue* |
|
$ |
58,649 |
|
|
$ |
52,134 |
|
|
$ |
52,369 |
|
Per Common Share |
|
|
|
|
|
|
||||||
Diluted net income |
|
$ |
0.06 |
|
|
$ |
0.84 |
|
|
$ |
0.85 |
|
Adjusted diluted net income* |
|
|
0.88 |
|
|
|
0.85 |
|
|
|
0.84 |
|
Book value |
|
|
35.17 |
|
|
|
34.44 |
|
|
|
32.17 |
|
Tangible book value* |
|
|
29.78 |
|
|
|
29.12 |
|
|
|
26.82 |
|
Weighted average number of shares outstanding - fully diluted |
|
|
46,179,090 |
|
|
|
47,024,211 |
|
|
|
46,845,143 |
|
Period-end number of shares |
|
|
45,807,689 |
|
|
|
46,514,547 |
|
|
|
46,642,958 |
|
Selected Ratios |
|
|
|
|
|
|
||||||
Return on average: |
|
|
|
|
|
|
||||||
Assets |
|
|
0.09 |
% |
|
|
1.21 |
% |
|
|
1.30 |
% |
Shareholders’ equity |
|
|
0.74 |
% |
|
|
10.1 |
% |
|
|
10.9 |
% |
Tangible common equity* |
|
|
0.87 |
% |
|
|
11.9 |
% |
|
|
13.1 |
% |
Efficiency ratio |
|
|
105.7 |
% |
|
|
60.9 |
% |
|
|
58.6 |
% |
Core efficiency ratio (tax-equivalent basis)* |
|
|
56.9 |
% |
|
|
59.9 |
% |
|
|
58.3 |
% |
Loans HFI to deposit ratio |
|
|
86.6 |
% |
|
|
87.2 |
% |
|
|
88.9 |
% |
Noninterest-bearing deposits to total deposits |
|
|
19.2 |
% |
|
|
19.3 |
% |
|
|
20.9 |
% |
Net interest margin (tax-equivalent basis) |
|
|
3.68 |
% |
|
|
3.55 |
% |
|
|
3.57 |
% |
Yield on interest-earning assets |
|
|
5.99 |
% |
|
|
5.91 |
% |
|
|
6.16 |
% |
Cost of interest-bearing liabilities |
|
|
3.13 |
% |
|
|
3.16 |
% |
|
|
3.56 |
% |
Cost of total deposits |
|
|
2.48 |
% |
|
|
2.54 |
% |
|
|
2.77 |
% |
Credit Quality Ratios |
|
|
|
|
|
|
||||||
Allowance for credit losses on loans HFI as a percentage of loans HFI |
|
|
1.51 |
% |
|
|
1.54 |
% |
|
|
1.67 |
% |
Annualized net charge-offs as a percentage of average loans HFI |
|
|
0.02 |
% |
|
|
0.14 |
% |
|
|
0.02 |
% |
Nonperforming loans HFI as a percentage of loans HFI |
|
|
0.97 |
% |
|
|
0.79 |
% |
|
|
0.79 |
% |
Nonperforming assets as a percentage of total assets |
|
|
0.92 |
% |
|
|
0.84 |
% |
|
|
0.81 |
% |
Preliminary Capital Ratios (consolidated) |
|
|
|
|
|
|
||||||
Total common shareholders’ equity to assets |
|
|
12.1 |
% |
|
|
12.2 |
% |
|
|
12.0 |
% |
Tangible common equity to tangible assets* |
|
|
10.4 |
% |
|
|
10.5 |
% |
|
|
10.2 |
% |
Tier 1 leverage |
|
|
11.3 |
% |
|
|
11.4 |
% |
|
|
11.7 |
% |
Tier 1 risk-based capital |
|
|
12.6 |
% |
|
|
13.1 |
% |
|
|
13.0 |
% |
Total risk-based capital |
|
|
14.7 |
% |
|
|
15.2 |
% |
|
|
15.1 |
% |
Common equity Tier 1 |
|
|
12.3 |
% |
|
|
12.8 |
% |
|
|
12.7 |
% |
*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s Second Quarter 2025 Financial Supplement. |
||||||||||||
(FBK - ER)
View source version on businesswire.com: https://www.businesswire.com/news/home/20250714484331/en/
MEDIA CONTACT:
Keith Hancock
404-310-2368
keith.hancock@firstbankonline.com
www.firstbankonline.com
FINANCIAL CONTACT:
Michael Mettee
615-435-0952
mmettee@firstbankonline.com
investorrelations@firstbankonline.com
Source: FB Financial Corporation
