Fb Financia Stock Price, News & Analysis

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.

FB Financial Corporation (NYSE: FBK) reported Q2 results showing a diluted EPS of $0.41, down from $0.90 a year prior. Net income decreased to $19.3 million, impacted by $12.5 million in mortgage restructuring charges and a $2.0 million loss in commercial loans. Adjusted EPS was $0.64, down from $0.88 year-over-year. The banking segment saw a 36.3% growth in adjusted pre-tax earnings, with loans held for investment increasing by 31.0%. However, total deposits fell by 16.7% to $10.54 billion. The company maintains strong capital ratios despite challenges in the mortgage sector.

FB Financial Corporation (NYSE: FBK) will release its 2022 second quarter results after market close on July 18, 2022. The company is scheduled to host a conference call on July 19, 2022, at 8:00 a.m. Central Time to discuss these results. Investors can dial in at 877-883-0383 with a confirmation code of 2771231. A live webcast will also be available on the company's website, with a replay accessible for 12 months after the call.

CPI Card Group (NASDAQ: PMTS) has deepened its collaboration with FirstBank, a subsidiary of FB Financial Corporation (NYSE: FBK), by implementing the Card@Once instant issuance solution in select branches. This rollout includes 47 Card@Once printers across Tennessee, Kentucky, North Alabama, and North Georgia. With approximately $12.6 billion in total assets, FirstBank enhances its customer experience by allowing quick card issuance during branch visits. The Card@Once solution, supported by a SaaS model, eliminates the need for in-house IT management, enabling efficient, cloud-based card issuance.

FB Financial Corporation (NYSE: FBK) declared a quarterly cash dividend of $0.13 per share, payable on May 23, 2022, to shareholders of record as of May 9, 2022. This marks the 17th consecutive quarterly dividend, reflecting the company's commitment to returning value to shareholders. The financial holding company, headquartered in Nashville, Tennessee, operates through its wholly owned banking subsidiary, FirstBank, which has approximately $12.7 billion in total assets and serves multiple states.

FB Financial Corporation (NYSE: FBK) reported a Q1 net income of $35.2 million, or $0.74 per diluted share, down from $1.10 year-over-year. Loan growth was robust, with loans held for investment increasing by 21.3% annualized, totaling $8 billion. Adjusted tangible book value per share rose 9.51% linked quarter to $25.12. Net interest income decreased slightly to $88.9 million, affected by loan amortization. Noninterest income fell notably to $41.4 million. The company maintained strong credit metrics, with nonperforming loans reducing to 0.51% of loans held for investment.

FB Financial Corporation (NYSE:FBK) announced its first quarter results of 2022 will be released on April 18, 2022, post-market. A conference call will follow on April 19, 2022, at 8:00 a.m. CT to discuss these results, accessible at 888-317-6003 (code 7317111). A live webcast will also be available online with a replay offered for 12 months. FB Financial operates through its subsidiary FirstBank, which serves major markets in Tennessee and has approximately $12.6 billion in total assets.

FB Financial Corporation (NYSE: FBK) announced a new stock repurchase program totaling $100 million, authorized by its Board of Directors. This program replaces a prior authorization expiring on March 31, 2022, and will remain effective until January 31, 2024. CEO Christopher T. Holmes highlighted that this initiative reflects the company's financial strength and aims to enhance shareholder value while managing capital effectively. Shares may be repurchased on the open market or through private transactions, based on market conditions.

FirstBank's division, ConsumerDirect Mortgage, is rebranding to Real Genius to better reflect its advanced mortgage technology. This name change aligns with their mission to simplify the mortgage process and enhance cost transparency for consumers. Since its inception in 2012, Real Genius has assisted over 51,000 families, lending more than $15 billion. The new branding is accompanied by a modern mortgage application platform aimed at providing users with expert guidance and competitive rates, ensuring a seamless experience for customers nationwide.