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 Corporation (NYSE: FBK) news covers one of Tennessee's largest bank holding companies, operating through FirstBank with locations across the Southeast. As a regional bank serving commercial and retail customers in Tennessee, Alabama, and Georgia, FB Financial generates news that matters to investors tracking the Southeastern banking sector.
Bank holding company news typically includes quarterly earnings releases that detail net interest income, loan growth, deposit trends, and credit quality metrics. For FB Financial specifically, investors monitor performance across both the community banking and mortgage banking segments, as each responds differently to interest rate changes and economic conditions.
Strategic developments frequently make headlines for regional banks pursuing growth. FB Financial news often covers branch expansion, market entry into new geographies, and potential acquisitions that would expand the company's footprint. The company's presence in high-growth markets like Nashville makes its expansion strategy particularly relevant for investors.
Dividend declarations and capital management decisions represent regular news items for bank stocks. FB Financial has established a pattern of quarterly dividend payments, and announcements regarding dividend amounts or share repurchase programs draw investor attention.
Regulatory matters and credit quality updates round out the typical news flow. Changes in nonperforming loans, provision for credit losses, and capital ratios provide insight into the bank's financial health and risk management practices.
FB Financial Corporation (NYSE: FBK) reported a net income of $43.3 million, or $0.90 per diluted share, marking an increase from $0.70 year-over-year but down from $1.10 in the previous quarter. The company experienced an 8.63% annualized growth in loans held for investment, reaching $7.20 billion. Adjusted net income stood at $42.3 million, with a return on average assets of 1.46%. The tangible book value per share increased to $23.43, representing a 16.4% annualized growth from the previous quarter.
FB Financial Corporation (FBK) will release its Q2 2021 financial results on July 19, 2021, after market close. A conference call is scheduled for July 20, 2021, at 8:00 a.m. Central Time to discuss these results, with dial-in options available for analysts and investors. The company, headquartered in Nashville, operates through FirstBank, the third largest community bank in Tennessee, boasting 82 branches and approximately $11.9 billion in assets. Investors can access a live broadcast and later a replay of the call.
FB Financial Corporation (NYSE: FBK) has completed a public offering where Mr. James W. Ayers sold 2,500,000 shares of the company’s common stock. The offering was managed by Keefe, Bruyette & Woods, with the company not participating or receiving any proceeds. Post-offering, Mr. Ayers retains approximately 23.5% ownership in FBK. The offering was registered under Form S-3 with the SEC, and no solicitation of stock sales was made in jurisdictions where it would be illegal.
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.
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