Fb Financia Stock Price, News & Analysis

FB Financial Corporation (NYSE: FBK) has declared a quarterly cash dividend of $0.15 per share, marking its 20^th consecutive dividend payment. This 15% increase compared to previous quarters highlights the company's commitment to delivering shareholder value. The dividend is payable on February 21, 2023, to shareholders of record as of February 7, 2023. With total assets amounting to approximately $12.8 billion, FB Financial operates through its subsidiary, FirstBank, across multiple states including Tennessee, Kentucky, Alabama, and North Georgia.

FB Financial Corporation (NYSE: FBK) reported Q4 2022 net income of $38.1 million, or $0.81 per diluted share, showing a decrease from $1.02 year-over-year. Adjusted EPS was $0.85, down from $0.89 in Q4 2021. For the year, net income totaled $124.6 million, a decline from $190.3 million in 2021. The company achieved a significant 33.7% annualized growth in deposits, reaching $10.9 billion. Total assets increased to $12.8 billion, reflecting a 19.1% annualized growth. However, net interest margin decreased to 3.78% from 3.93% in Q3 2022. Noninterest income fell to $17.5 million from $53.2 million a year prior, largely due to a decline in mortgage banking income.

FB Financial Corporation (NYSE: FBK) is set to release its 2022 fourth quarter and year-end results on January 17, 2023, before market opens. A conference call will follow at 8:00 a.m. CT the same day, accessible via dial-in or online broadcast. The company's assets are approximately $12.2 billion, ranking it in the top 3% of U.S. commercial banks.

FB Financial Corporation (NYSE: FBK) has declared a quarterly cash dividend of $0.13 per share, payable on November 23, 2022, to shareholders of record as of November 9, 2022. This marks the company's 19th consecutive quarterly dividend, reflecting their commitment to returning earnings to shareholders. The company, based in Nashville, Tennessee, operates through its banking subsidiary FirstBank, which has approximately $12.3 billion in total assets.

FB Financial Corporation (NYSE: FBK) reported Q3 2022 net income of $31.8 million or $0.68 per diluted share, down from $0.94 in Q3 2021. Adjusted net income matched diluted EPS at $0.68, with pre-tax earnings at $52.1 million. Loans held for investment grew 22.1% annually to $9.1 billion, while noninterest deposits increased 9.73% to $2.97 billion. Despite a $11.4 million provision for credit losses, the company aims for balanced growth by focusing on customer relationships and managing economic uncertainties. A conference call is scheduled for October 18, 2022.

FB Financial Corporation (NYSE:FBK) will release its 2022 third quarter results on October 17, 2022, after market close. A conference call is scheduled for October 18, 2022, at 8:00 a.m. CT, to discuss the financial results. Investors can join the call by dialing 877-883-0383, confirmation code 3293769. A live online broadcast will be available, and a replay will be accessible for 12 months post-call. FB Financial operates through its subsidiary, FirstBank, with approximately $12.2 billion in total assets and 81 branches across several states.

Treasury Prime announced a partnership with FB Financial Corp to enhance its Banking-as-a-Service (BaaS) offerings. This collaboration expands Treasury Prime’s bank network significantly, which now includes FirstBank, boasting $12.7 billion in assets. The partnership enables FirstBank to provide embedded finance solutions, increasing its service capabilities to fintechs and enterprises. This development follows a similar partnership with Third Coast Bank, indicating Treasury Prime's ongoing growth strategy and commitment to innovative financial solutions.

FB Financial Corporation announced the resignation of Stuart McWhorter as chairman of the board, who is returning to the Tennessee administration. He will be succeeded by William F. Carpenter III, a notable healthcare executive with a strong background in corporate finance and law. Carpenter previously led LifePoint Health, growing it into a Fortune 500 company. The transition is expected to be seamless, with confidence expressed in Carpenter's abilities to drive success at FirstBank. The bank operates 82 branches and has approximately $12.6 billion in total assets.

FB Financial Corporation (NYSE: FBK) declared a quarterly cash dividend of $0.13 per share, payable on August 22, 2022, to shareholders of record as of August 8, 2022. This marks the company’s 18th consecutive quarterly dividend, reflecting its commitment to returning earnings to shareholders. FB Financial operates FirstBank, a community bank with approximately $12.2 billion in total assets and 81 branches across Tennessee, Kentucky, Alabama, and North Georgia.