FB Financial Corp (FBK), the issuer, is the subject of an amended ownership report from BlackRock, Inc. BlackRock reported beneficial ownership of 7,224,239 common shares, or 14.6% of the class, as of September 30, 2026. It reported sole voting power over 7,103,581 shares and sole dispositive power over 7,224,239 shares. BlackRock identified iShares Core S&P Small-Cap ETF as having an interest in more than 5% of FB Financial Corp’s outstanding common stock.
FB Financial Corp director Orrin H. Ingram II directly purchased 29,081 common shares on October 20, 2026, across two reported transactions. The reported prices were weighted averages: $52.68 per share for 15,591 shares, purchased at prices ranging from $51.93 to $52.92, and $53.11 per share for 13,490 shares, purchased at prices ranging from $52.95 to $53.25. No Rule 10b5-1 plan is reported.
FB Financial Corp. reported third-quarter 2026 net income of $60.2 million, or $1.20 per diluted share, versus $23.4 million and $0.43 a year earlier. Adjusted net income was $60.9 million and adjusted diluted earnings per share were $1.21. Total revenue was $174.5 million, compared with $173.9 million a year earlier. Loans held for investment were $13.18 billion as of September 30, 2026, up 7.17% year over year and 9.68% annualized from the prior quarter; deposits were $14.67 billion, up 6.18% year over year and 8.82% annualized from the prior quarter.
Net interest margin was 3.83%, versus 3.95% in both the prior and year-earlier quarters. The company cited higher funding costs relative to earning-asset yields and a 3-basis-point impact from reversing $1.0 million of previously accrued interest on a nonaccrual loan. It repurchased 545,214 shares for $29.3 million and completed a $125.0 million subordinated debt issuance at 180 basis points over the five-year U.S. Treasury yield. Nonperforming loans were 1.18% of loans HFI, compared with 0.94% a year earlier; annualized net charge-offs were 0.04%.
FB Financial Corp Chief Human Resources Officer Mark Hickman had 1,140 shares withheld for tax purposes on October 1, 2026, following vesting of a portion of previously granted restricted stock units. The reported price was $52.09 per share. He held 16,811 shares directly after the transaction.
FB Financial Corp (FBK) withheld 586 common shares for tax purposes from CFO & COO Michael M. Mettee on October 1, 2026, when a portion of previously granted restricted stock units vested. The reported price was $52.09 per share. Mettee’s direct common-stock holdings following the transaction were 49,135 shares; a separate holding entry lists 1,407 shares held by a 401(k) Plan.
FB Financial Corp (FBK) reported that Chief Bus. & Operations Off. Scott J. Tansil had 145 shares withheld for tax purposes on October 1, 2026, when a portion of previously granted restricted stock units vested. The reported price was $52.09 per share, and his direct holdings following the transaction were 12,785 shares. No Rule 10b5-1 plan is reported.
FB Financial Corp. (FBK) completed the issuance and sale of $125,000,000 aggregate principal amount of its 6.625% Fixed-to-Floating Rate Subordinated Notes due 2036. It intends to use net proceeds for general corporate purposes, including providing capital to wholly owned banking subsidiary FirstBank to support its growth.
The notes bear interest at 6.625% per annum from issuance to, but excluding, October 1, 2031, with semiannual payments beginning April 1, 2027. From and including October 1, 2031, interest is floating at a rate expected to equal Three-Month Term SOFR plus 205 basis points; a benchmark rate below zero is deemed zero. Floating-rate payments are quarterly beginning January 1, 2032, and the notes mature October 1, 2036.
The notes are general unsecured subordinated obligations, are not guaranteed by FirstBank or other subsidiaries, and rank junior to senior indebtedness. They are effectively subordinated to secured debt to the extent of collateral value and structurally subordinated to subsidiary liabilities, including FirstBank deposits and other creditor claims. FB Financial may redeem them beginning October 1, 2031, or in whole if specified events occur, at 100% of principal plus accrued and unpaid interest, subject to Federal Reserve approval when required.
FB Financial Corporation (FBK) is offering $125,000,000 aggregate principal amount of 6.625% Fixed-to-Floating Rate Subordinated Notes due 2036. The notes mature October 1, 2036. They pay 6.625% fixed interest until October 1, 2031, then a floating annual rate expected to equal Three-Month Term SOFR plus 205 basis points; a benchmark below zero is treated as zero. Interest is payable semiannually during the fixed-rate period and quarterly during the floating-rate period.
FB Financial expects approximately $122.8 million in net proceeds after underwriting discounts and estimated offering expenses, for general corporate purposes, including capital to FirstBank to support its growth. The notes are unsecured, not guaranteed by subsidiaries, junior to senior indebtedness, and structurally subordinated to subsidiary liabilities. As of June 30, 2026, FirstBank had $14.8 billion of liabilities to which the notes will be structurally subordinated. FB Financial does not intend to list the notes, and no public market currently exists.
FB Financial Corp (FBK) is conducting a primary offering of Fixed-to-Floating Rate Subordinated Notes due 2036 under its shelf registration. The notes pay a fixed interest rate until 2031, then a floating rate based on a SOFR benchmark plus a spread, and may be redeemed at the company’s option after 2031, or earlier upon specified tax or regulatory events, in each case subject to Federal Reserve approval.
The notes are unsecured obligations of FB Financial only, subordinated to all existing and future senior indebtedness, effectively and structurally subordinated to all liabilities of its subsidiaries, including $14.8 billion of FirstBank liabilities as of June 30, 2026, and are not insured or guaranteed by the FDIC or any governmental agency. FB Financial intends to treat the notes as Tier 2 capital and use the net proceeds for general corporate purposes, including providing capital to FirstBank to support growth.
As of June 30, 2026, FB Financial reported $16.80 billion in total assets, $12.87 billion of loans held for investment, $14.35 billion of total deposits and $1.94 billion of total shareholders’ equity, with a common equity Tier 1 capital ratio of 11.0% and total capital ratio of 12.9%. The notes will not be listed on an exchange, and there is currently no public market for them, so liquidity will depend on dealer market-making.
FB Financial Corporation (FBK) released a fixed income investor presentation and outlined plans to issue $100 million of SEC-registered fixed‑to‑floating rate subordinated notes due 2036. The notes have a 10‑year term, are callable after 5 years, are expected to be rated BBB (Stable) by Kroll, and the proceeds are earmarked for general corporate purposes, including providing capital to FirstBank to support growth.
The presentation highlights a Q2 2026 balance sheet with $16.8 billion in assets, $12.9 billion loans held for investment, and $14.3 billion deposits, supported by a 1.44% ROAA, 3.95% net interest margin, and 14.6% return on average tangible common equity. Capital and credit metrics remain strong, with a 11.0% CET1 ratio, 9.5% tangible common equity to tangible assets, 1.51% allowance for credit losses to loans, net charge‑offs of 0.06% (annualized), and a 2.43x liquidity coverage of uninsured and uncollateralized deposits.