Fb Financia Stock Price, News & Analysis

FB Financial Corporation (NYSE:FBK) has announced the pricing of a public offering of 2,500,000 shares of common stock, all sold by Selling Shareholder Mr. James W. Ayers. The offering, set to close on June 10, 2021, will not generate proceeds for the Company. Following the transaction, Mr. Ayers will retain approximately 23.5% of the Company's common stock. This Secondary Offering is conducted under a Registration Statement filed with the SEC, effective June 7, 2021. No offers or solicitations are being made in jurisdictions where it's unlawful.

FB Financial Corporation (NYSE: FBK) announced a Secondary Offering where James W. Ayers, Vice Chairman, will sell 2,500,000 shares of common stock. The Company will not sell stock or receive proceeds from this offering. Post-offering, Ayers is expected to own around 23.5% of the Company's stock. The shares are offered under a previously filed SEC Registration Statement. Investors can access the preliminary prospectus supplement for detailed information. The offering is not a solicitation to buy shares in jurisdictions where it would be illegal.

FB Financial Corporation (NYSE: FBK) has declared a quarterly cash dividend of $0.11 per share, payable on May 24, 2021, to shareholders of record as of May 10, 2021. This marks the company’s 13th consecutive quarterly dividend. CEO Christopher T. Holmes expressed confidence in the board's decision, emphasizing the commitment to enhancing long-term shareholder value through returning earnings via dividends. FBK operates as a bank holding company in Nashville, managing approximately $11.9 billion in assets across various states.

FB Financial Corporation (NYSE: FBK) reported a net income of $52.9 million ($1.10 per diluted share) for Q1 2021, significantly up from $0.7 million ($0.02 per diluted share) in Q1 2020. Adjusted net income was $53.5 million ($1.12 per diluted share). The company saw a 10.9% annualized increase in book value per share to $28.08 and a return on tangible common equity of 20.6%. Total customer deposits grew by 35.5% to $10.22 billion. However, net interest income decreased to $82.6 million, reflecting a declining net interest margin of 3.19%.

FB Financial Corporation (NYSE:FBK) will release its 2021 first quarter results on April 26, 2021, after market close.
The company will host a conference call on April 27, 2021, at 8:00 a.m. Central Time to discuss these results. Investors can join by dialing 888-317-6003 with confirmation code 2908979. A live online broadcast will also be available at the same time. The company operates through FirstBank, with approximately $11.2 billion in total assets and 81 branches across several states.

FB Financial Corporation (NYSE: FBK) has authorized a stock repurchase program of up to $100 million, effective until March 31, 2022. This new program replaces the previous authorization that expired in December 2020. CEO Christopher T. Holmes highlighted that this initiative underscores the company's financial strength and robust profitability. The management will determine the timing and method of repurchases based on market conditions and other factors, enhancing shareholder value and aiming to maximize earnings per share.

FB Financial Corporation (NYSE: FBK) has declared a quarterly cash dividend of $0.11 per share, reflecting a 22% increase from the previous quarter's dividend. This marks the 12^th consecutive quarterly dividend issued by the company. The payment will occur on February 22, 2021, to shareholders recorded by February 8, 2021. CEO Christopher T. Holmes expressed confidence in enhancing shareholder value through consistent dividend payments, highlighting the company's strong financial performance.

FB Financial Corporation (FBK) reported a net income of $45.6 million for Q4 2020, up from $21.6 million in Q4 2019. Adjusted net income reached $54.5 million or $1.14 per share. For the full year, net income was $63.6 million, down from $83.8 million in 2019. The company's book value per share rose 11.4% to $27.35. Loan growth was impressive at 60.6% YOY, with total customer deposits up 17.4%. Efficiency improved, with a core efficiency ratio of 58.5% in Q4 2020. However, nonperforming assets increased to 0.73% of total assets.