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FB Financial Corporation (NYSE: FBK) reports developments for a regional financial holding company whose wholly owned bank subsidiary, FirstBank, provides commercial and consumer banking services across Tennessee, Kentucky, Alabama, and Georgia. News commonly covers quarterly earnings, loan and deposit trends, net interest performance, capital deployment, and board actions such as cash dividends and common stock repurchase authorizations.
Company updates also address FirstBank's retail and commercial banking franchise, customer-service recognition, deposit funding strategy, and banking technology for commercial clients, including foreign currency payment capabilities delivered through third-party platforms. Coverage is centered on the Banking and Mortgage activities that generate deposits, lending relationships, residential mortgage servicing, and related financial results.
FB Financial Corporation (FBK) is set to release its fourth quarter and year-end results on January 25, 2021, after market close. A conference call will follow on January 26, 2021, at 8:00 a.m. CT to discuss these results, which can be accessed via a live internet broadcast. FB Financial, headquartered in Nashville, operates through its wholly owned bank subsidiary, FirstBank, which has 81 branches across several states and approximately $11.0 billion in total assets.
Jim Ayers, the Executive Chairman of FirstBank and its parent company FB Financial Corporation (NYSE: FBK), is stepping down effective January 1, 2021, after a remarkable tenure since acquiring the bank in 1984. Ayers, who owns 29% of the bank, will focus on customer engagement while retaining a board seat. Chris Holmes, who has led the bank since 2012, will continue as President and CEO, while Stuart McWhorter has been appointed Chairman of the board. FirstBank, with $11 billion in assets, operates 80 branches across multiple states and is recognized for its strong leadership and governance.
Michael Mettee has been appointed as the chief financial officer of FirstBank and its parent company, FB Financial Corporation (NYSE:FBK). Previously serving as interim CFO since April, Mettee brings a wealth of experience from his roles in banking and capital markets. FirstBank's President and CEO Chris Holmes emphasized Mettee's leadership skills and alignment with the bank's strategic goals. FirstBank operates with approximately $11.0 billion in total assets and maintains a significant presence in Tennessee and surrounding regions.
FB Financial Corporation (NYSE: FBK) has declared a quarterly cash dividend of $0.09 per share, the eleventh consecutive dividend payment. This dividend will be payable on November 23, 2020 to shareholders of record as of November 9, 2020. CEO Christopher T. Holmes expressed satisfaction with the board's decision, emphasizing a commitment to enhance long-term shareholder value through these cash dividends. FB Financial operates FirstBank, the third-largest community bank in Tennessee, with approximately $11.0 billion in total assets and 87 branches across multiple states.
FB Financial Corporation (NYSE: FBK) reported a net loss of $(5.6) million, or $(0.14) per diluted share, for Q3 2020, down from a profit of $24 million, or $0.76 per share, in Q3 2019. Provisions for credit losses rose significantly to $55.4 million due to the CECL accounting method applied to the Franklin merger. Adjusted PTPP earnings increased to $72.3 million. The company also achieved a loan growth of 66% year-over-year, with total deposits rising by 205.3%. Despite challenges, management highlighted strong capital ratios and a robust online banking conversion as key positives.
FB Financial Corporation (NYSE: FBK) will release its 2020 third quarter results on October 26, 2020, after market close. A conference call to discuss the results is scheduled for October 27, 2020, at 8:00 a.m. CT. The call will be accessible via an online broadcast, and a 12-month replay will be available post-event. FB Financial operates as a community bank, managing approximately $11.0 billion in total assets across 87 branches in Tennessee and surrounding regions.
FB Financial Corporation (NYSE: FBK) will release its 2020 second quarter results on July 20, 2020, after market close. A conference call is scheduled for 8:00 a.m. CT on July 21, 2020, to discuss these results, which will be streamed live online. The bank operates through its subsidiary, FirstBank, with approximately $6.7 billion in total assets and branches across Tennessee, Kentucky, North Alabama, and North Georgia, making it the third-largest community bank in Tennessee.