Welcome to our dedicated page for Fb Financia news (Ticker: FBK), a resource for investors and traders seeking the latest updates and insights on Fb Financia stock.
FB Financial Corp (NYSE: FBK) provides comprehensive banking and mortgage services across Tennessee, Alabama, and Georgia. This news hub offers investors and stakeholders timely updates on corporate developments, financial performance, and market positioning.
Access official press releases and curated analysis covering earnings announcements, regulatory filings, and strategic initiatives. Our repository tracks key aspects of FBK's dual-segment model, including commercial lending trends and mortgage servicing updates relevant to southeastern markets.
Regular updates on leadership changes, capital management decisions, and operational expansions. Bookmark this page for centralized access to verified information supporting informed financial decisions about this regional banking institution.
FB Financial (NYSE: FBK) has declared a quarterly cash dividend of $0.17 per share, payable on August 20, 2024, to shareholders of record as of August 6, 2024. This marks the company's 26th consecutive quarter of paying dividends, demonstrating its commitment to shareholder value. Christopher T. Holmes, President and CEO, emphasized that this consistent dividend record highlights the company's dedication to delivering value and underscores the strength and consistency in their financial performance. FB Financial remains focused on creating sustainable value for its investors.
FB Financial (NYSE: FBK) reported Q2 2024 net income of $40.0 million, or $0.85 per diluted share. Adjusted net income was $39.4 million, or $0.84 per diluted share. Key highlights include:
- Loans held for investment: $9.31 billion
- Deposits: $10.47 billion
- Net interest margin: 3.57%, up from 3.42% in Q1
- Book value per share: $32.17
- Tangible book value per share: $26.82
The company's results reflect a strong balance sheet and increasing profitability. The net interest margin expanded due to stabilized deposit pricing, flat noninterest-bearing balances, and higher loan yields. Credit quality remains a focus, with the allowance for credit losses on loans HFI at 1.67%.
FB Financial (NYSE:FBK) will release its 2024 second quarter results on Monday, July 15, 2024, post-market close. A conference call to discuss these results is scheduled for Tuesday, July 16, 2024, at 8:00 a.m. Central Time. Interested investors and analysts can join the call via a dedicated dial-in number or listen to a live online broadcast. A replay of the call will be accessible both telephonically and online shortly after the conclusion of the event and will remain available for 12 months.
FB Financial (NYSE: FBK) has increased its regular quarterly dividend to $0.17 per share, payable on May 28, 2024. This marks 25 consecutive quarters of dividend payments, showcasing the company's commitment to delivering value to shareholders and strong financial performance.
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