FB Financial (NYSE: FBK) posts strong Q1 2026 growth with EPS $1.10 and solid credit

Q: How did FBK perform financially in Q1 2026?

FB Financial reported net income of $57.5 million and diluted EPS of $1.10 in Q1 2026. Total revenue reached $172.3 million , up 31.9% year over year, reflecting stronger net interest income and solid noninterest income contributions.

Q: What were FBK’s key balance sheet figures for Q1 2026?

At March 31, 2026, FB Financial had $16.47 billion in total assets, $12.50 billion in loans held for investment, and $14.08 billion in total deposits. Noninterest-bearing deposits were $2.66 billion , and the loans-to-deposits ratio was 88.8% .

Q: How did FBK’s net interest margin and deposit costs change in Q1 2026?

Net interest margin on a tax-equivalent basis was 3.94% in Q1 2026, up from 3.55% a year earlier. The cost of total deposits decreased to 2.27% from 2.54%, reflecting lower funding costs after prior federal funds rate reductions.

Q: What was FBK’s credit quality like in Q1 2026?

Credit quality remained sound. Annualized net charge-offs were 0.11% of average loans HFI, nonperforming loans were 0.96% of total loans HFI, and nonperforming assets were 0.98% of total assets. The allowance for credit losses on loans HFI was 1.49% .

Q: How strong is FBK’s capital position after Q1 2026?

FB Financial reported a common equity Tier 1 ratio of 11.5% , total risk-based capital ratio of 13.4% , and tangible common equity to tangible assets of 9.91% . Book value per common share was $38.39 , and tangible book value per share was $31.00 .

Q: Did FBK repurchase any shares during Q1 2026?

Yes. FB Financial repurchased 426,983 shares during the first quarter of 2026. Despite these repurchases, total common shareholders’ equity increased to $1.97 billion , and tangible book value per common share rose to $31.00 .

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

FB Financial Corporation reported strong first-quarter 2026 results, with net income of $57.5 million and diluted EPS of $1.10, up from $0.84 a year ago. Adjusted diluted EPS was $1.12. Total revenue rose to $172.3 million, supported by higher net interest income and stable noninterest income.

Loans held for investment reached $12.50 billion and deposits were $14.08 billion, both rising more than 25% year over year, while net interest margin improved to 3.94%. Credit quality remained solid, with annualized net charge-offs at 0.11% and nonperforming assets at 0.98% of total assets. Capital stayed strong, including a common equity Tier 1 ratio of 11.5% and tangible common equity to tangible assets of 9.91%, even after repurchasing 426,983 shares.

Positive

Earnings and revenue growth: Q1 2026 net income rose to $57.5 million and diluted EPS to $1.10, with total revenue up 31.9% year over year to $172.3 million.
Improving efficiency and margins: The adjusted efficiency ratio improved to 54.3% from 59.9% a year ago, while net interest margin expanded to 3.94% from 3.55%.
Strong credit and capital profile: Allowance for credit losses on loans HFI remained at 1.49% of loans, nonperforming assets were 0.98% of total assets, and the common equity Tier 1 ratio stood at 11.5%.

Negative

None.

Insights

FB Financial posts robust Q1 growth with strong credit and capital.

FB Financial delivered solid Q1 2026 performance: net income of $57.5 million and diluted EPS of $1.10, up from $0.84 a year earlier. Total revenue reached $172.3 million, a 31.9% year-over-year increase, driven mainly by higher net interest income.

Balance sheet growth was healthy but measured. Loans held for investment rose to $12.50 billion, and deposits to $14.08 billion, both more than 25% above Q1 2025. Net interest margin improved to 3.94%, helped by lower deposit costs as the cost of total deposits declined to 2.27%.

Asset quality indicators remained reassuring. Annualized net charge-offs were just 0.11% of average loans HFI, nonperforming assets were 0.98% of total assets, and the allowance for credit losses on loans HFI held at 1.49% of loans. Capital ratios stayed strong, including a common equity Tier 1 ratio of 11.5% and total risk-based capital of 13.4%, while tangible book value per share increased to $31.00.

8-K Event Classification

3 items: 2.02, 7.01, 9.01

3 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 7.01 Regulation FD Disclosure Disclosure

Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income: $57.5M Diluted EPS: $1.10 Total revenue: $172.3M +5 more

8 metrics

Net income $57.5M Q1 2026 net income applicable to FB Financial Corporation

Diluted EPS $1.10 Q1 2026 diluted earnings per common share

Total revenue $172.3M Q1 2026 total revenue, up 31.9% year over year

Loans held for investment $12.50B Loans HFI outstanding as of March 31, 2026

Total deposits $14.08B Deposits outstanding as of March 31, 2026

Net interest margin 3.94% Q1 2026 NIM on a tax-equivalent basis

Return on average assets 1.43% Q1 2026 ROAA

CET1 ratio 11.5% Preliminary consolidated common equity Tier 1 ratio at March 31, 2026

Key Terms

Net interest margin, Allowance for credit losses, Nonperforming assets, Tangible common equity, +2 more

6 terms

Net interest margin financial

"Net interest margin (“NIM”) was 3.94% for the first quarter of 2026"

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

Allowance for credit losses financial

"the Company had an allowance for credit losses on loans HFI of $186.3 million"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

Nonperforming assets financial

"Nonperforming assets as a percentage of total assets were relatively stable at 0.98%"

Nonperforming assets are loans or investments that are not generating expected payments or returns because the borrower has fallen behind on payments or the investment has lost value. They matter to investors because a high level of nonperforming assets can indicate financial trouble for a bank or institution, potentially affecting its stability and profitability.

Tangible common equity financial

"tangible common equity to tangible assets ratio* of 9.91%"

Tangible common equity is the portion of a company’s net worth that belongs to ordinary shareholders after removing intangible items (like goodwill or patents) and any preferred claims; it’s often expressed on a per-share basis. Think of it as the hard, sellable value left for common owners if you removed non-physical assets and paid off debts—investors use it to judge how much real cushion a company has and whether the stock might be under- or over-valued.

Adjusted efficiency ratio financial

"the Company’s adjusted efficiency ratio*1was 54.3%"

A measure of how well a company converts its income into profit after removing unusual or one-time items that can distort results; it is calculated by dividing recurring operating costs by recurring revenue, with adjustments to exclude irregular charges or gains. Investors use it like a household budget that removes a rare emergency expense to see true spending efficiency — a lower adjusted efficiency ratio generally signals better cost control and higher underlying profitability.

Common equity Tier 1 financial

"preliminary common equity tier 1 ratio of 11.5%"

Common Equity Tier 1 is the highest-quality capital a bank holds—mainly common shares and retained profits—that acts as the primary cushion against losses. Investors use the CET1 level and ratio to judge a bank’s financial strength and regulatory standing: a bigger cushion means the bank is better able to absorb shocks, sustain payouts and borrow cheaply, much like an emergency fund for a household.

Earnings Snapshot

Total revenue: $172.3M

Q1 2026

Total revenue $172.3M +31.9% YoY

Net income $57.5M +46.1% YoY

Diluted EPS $1.10 +31.0% YoY

Net interest margin 3.94% +0.39 pts YoY

Understanding 8-K Material Events →

04/13/2026 - 04:18 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of report (Date of earliest event reported): April 13, 2026

FB FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Tennessee

001-37875

62-1216058

(State or other jurisdiction
of incorporation)

(Commission File Number)

(IRS Employer
Identification Number)

1221 Broadway, Suite 1300

Nashville, Tennessee 37203

(Address of principal executive offices) (Zip Code)

(615) 564-1212

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions ( see General Instruction A.2. below):


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))


☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $1.00 par value	FBK	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On April 13, 2026, FB Financial Corporation (“FB Financial”) issued a press release announcing its financial results for the first quarter ended March 31, 2026 (the “Earnings Release”). A copy of the Earnings Release is furnished as Exhibit 99.1 to this current report on Form 8-K (this “Report”).

Item 7.01. Regulation FD Disclosure.

On April 14, 2026, FB Financial will host a conference call to discuss financial results for the quarter ended March 31, 2026.

On April 13, 2026, FB Financial made available on its website (investors.firstbankonline.com) supplemental financial information for the first quarter ended March 31, 2026 (the “Financial Supplement”) and an earnings release presentation (the “Earnings Presentation”) containing additional information about FB Financial’s financial results for the quarter ended March 31, 2026.

Copies of the Financial Supplement and the Earnings Presentation are furnished as Exhibit 99.2 and Exhibit 99.3, respectively, to this Report.

The information contained in this Report, including Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3 furnished herewith, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference into any registration statement or other documents pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.


Exhibit Number						Description of Exhibit
99.1						Earnings Release issued April 13, 2026
99.2						Financial Supplement for the quarter ended March 31, 2026
99.3						Earnings Presentation dated April 14, 2026
104						Cover Page Interactive Data File (formatted as inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	FB FINANCIAL CORPORATION


	By:	/s/ Michael M. Mettee
		Michael M. Mettee
		Chief Financial Officer & Chief Operating Officer
		(Principal Financial Officer)
Date: April 13, 2026

FB Financial Corporation Reports First Quarter 2026 Financial Results

Reports Q1 Diluted EPS of $1.10, Adjusted Diluted EPS* of $1.12

NASHVILLE, TENNESSEE—April 13, 2026—FB Financial Corporation (the “Company”) (NYSE: FBK), parent company of FirstBank, reported net income of $57.5 million, or $1.10 per diluted common share, for the first quarter of 2026, compared to $1.07 in the previous quarter and $0.84 in the first quarter of last year. Adjusted net income* was $58.3 million, or $1.12 per diluted common share, compared to $1.16 in the previous quarter and $0.85 in the first quarter of last year.

The Company ended the first quarter of 2026 with loans held for investment (“HFI”) of $12.50 billion compared to $12.38 billion at the end of the previous quarter and $9.77 billion at the end of the first quarter of last year. Deposits were $14.08 billion as of March 31, 2026, compared to $13.91 billion as of December 31, 2025, and $11.20 billion as of March 31, 2025. Net interest margin (“NIM”) was 3.94% for the first quarter of 2026, compared to 3.98% in the prior quarter and 3.55% in the first quarter of 2025. The Company ended the quarter with book value per common share of $38.39 and tangible book value per common share* of $31.00.

President and Chief Executive Officer, Christopher T. Holmes stated, “We began the year with a recognition that speaks directly to who we are, being named the top bank for customer satisfaction and trust in the South Central Region by J.D. Power. That honor reinforces our customer-focused model and validates a cornerstone of how we measure success. We also delivered solid financial results in the quarter, with strong returns and loan and deposit growth that gained momentum in the back half of the period. When you have the highest level of endorsement from your customers about their satisfaction and you combine that with top-tier financial performance and one of the best geographies in the country, we believe we have a very compelling formula for creating value for our shareholders today and over the long term.”


										Annualized
(dollars in thousands, except share data)	Mar 2026			Dec 2025			Mar 2025			Mar 26/ Dec 25 % Change		Mar 26 / Mar 25 % Change
Balance Sheet Highlights
Investment securities, at fair value	$	1,498,547		$	1,459,734		$	1,580,720		10.8	%	(5.20)	%
Loans held for sale	231,359			201,076			172,770			61.1	%	33.9	%

Loans HFI	12,503,815			12,383,626			9,771,536			3.94	%	28.0	%

Allowance for credit losses on loans HFI	(186,324)			(185,983)			(150,531)			0.74	%	23.8	%
Total assets	16,468,439			16,300,292			13,136,449			4.18	%	25.4	%

Interest-bearing deposits (non-brokered)	10,838,139			10,649,932			8,623,636			7.17	%	25.7	%
Brokered deposits	574,216			625,634			414,428			(33.3)	%	38.6	%
Noninterest-bearing deposits	2,664,480			2,634,395			2,163,934			4.63	%	23.1	%



Total deposits	14,076,835			13,909,961			11,201,998			4.87	%	25.7	%

Borrowings	213,188			212,764			168,944			0.81	%	26.2	%
Allowance for credit losses on unfunded commitments	15,398			16,196			6,493			(20.0)	%	137.1	%
Total common shareholders’ equity	1,973,873			1,948,165			1,601,962			5.35	%	23.2	%
Book value per common share	$	38.39		$	37.64		$	34.44		8.08	%	11.5	%
Tangible book value per common share*	$	31.00		$	30.27		$	29.12		9.78	%	6.46	%

Total common shareholders’ equity to total assets	12.0		%	12.0		%	12.2		%
Tangible common equity to tangible assets*	9.91		%	9.84		%	10.5		%

*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s First Quarter 2026 Financial Supplement.

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FB Financial Corporation

First Quarter 2026 Results

Page 2


	Three Months Ended
(dollars in thousands, except share data)	Mar 2026			Dec 2025			Mar 2025
Statement of Income Highlights
Net interest income	$	145,965		$	149,804		$	107,641
NIM (tax-equivalent basis)	3.94		%	3.98		%	3.55		%



Noninterest income	$	26,375		$	28,795		$	23,032


Loss on sales or write-downs of premises and equipment, other real estate owned and other assets, net	$	(320)		$	(131)		$	(625)
Cash life insurance benefit	$	763		$	1,148		$	—
Total revenue	$	172,340		$	178,599		$	130,673
Noninterest expense	$	95,164		$	107,548		$	79,549


Severance costs	$	—		$	1,395		$	—
Loss on lease terminations and other branch closure costs	$	5		$	12		$	—

Certain nonrecurring charitable contributions	$	—		$	1,130		$	—
Merger and integration costs	$	1,447		$	4,611		$	401
Efficiency ratio	55.2		%	60.2		%	60.9		%
Adjusted efficiency ratio*	54.3		%	56.3		%	59.9		%





Pre-tax, pre-provision net revenue	$	77,176		$	71,051		$	51,124
Adjusted pre-tax, pre-provision net revenue*	$	78,184		$	77,118		$	52,134
Provisions for credit losses	$	3,024		$	1,232		$	2,292
Net charge-offs ratio	0.11		%	0.05		%	0.14		%
Net income applicable to FB Financial Corporation	$	57,526		$	56,977		$	39,361
Diluted earnings per common share	$	1.10		$	1.07		$	0.84
Effective tax rate	22.4		%	18.4		%	19.4		%
Adjusted net income*	$	58,271		$	61,494		$	40,108
Adjusted diluted earnings per common share*	$	1.12		$	1.16		$	0.85


Weighted average number of shares outstanding - fully diluted	52,203,469			53,074,753			47,024,211

Returns on average:

Return on average total assets (“ROAA”)	1.43		%	1.40		%	1.21		%
Adjusted*	1.45		%	1.51		%	1.23		%
Return on average shareholders’ equity	11.9		%	11.6		%	10.1		%

Return on average tangible common equity (“ROATCE”)*	14.7		%	14.4		%	11.9		%
Adjusted*	15.3		%	15.9		%	12.3		%




*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s First Quarter 2026 Financial Supplement.

Balance Sheet and Net Interest Margin

The Company reported loans HFI of $12.50 billion at the end of the first quarter of 2026, compared to $12.38 billion at the end of the prior quarter. The contractual yield on loans HFI decreased to 6.22% for the first quarter of 2026 from 6.34% for the previous quarter. Net growth in loans was attributable to increases of $57.3 million in commercial and industrial loans, $32.7 million in consumer and other loans, $25.1 million in commercial real estate loans and $16.5 million in residential real estate loans offset by a $11.4 million decline in construction loans.

The Company reported total deposits of $14.08 billion at the end of the first quarter compared to $13.91 billion at the end of the fourth quarter of 2025. Total cost of deposits decreased to 2.27% during the first quarter compared to 2.40% in the fourth quarter of 2025. The cost of interest-bearing deposits decreased to 2.80% from 2.99% in the previous quarter. Lower costs were driven primarily by the continued pass‑through of prior federal funds rate reductions, reducing indexed deposit costs and lowering rates across the broader interest‑bearing deposit base. Noninterest-bearing deposits were $2.66 billion at the end of the quarter compared to $2.63 billion at the end of the fourth quarter of 2025.

The Company reported net interest income on a tax-equivalent basis of $146.8 million for the first quarter of 2026, down from $150.6 million in the prior quarter. NIM decreased to 3.94% for the first quarter of 2026 from 3.98% for the previous quarter, driven primarily by lower yields on interest‑earning assets following the late fourth quarter of 2025 federal funds rate reduction, partially offset by lower funding costs. Net accretion from purchase accounting adjustments impacted margin by 17 basis points in the first quarter of 2026.

Holmes continued, “We had measured balance sheet growth in the first quarter, led by broad-based loan production and continued deposit expansion. While asset yields moderated following recent rate cuts, disciplined pricing and lower funding costs helped offset that pressure. Our deposit mix and repricing momentum position us well as we move through the year, and we remain focused on consistent, profitable growth.”

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FB Financial Corporation

First Quarter 2026 Results

Page 3

Noninterest Income

Adjusted noninterest income* was $25.9 million for the first quarter of 2026, compared to $27.7 million and $23.6 million for the prior quarter and first quarter of 2025, respectively.

Mortgage banking income was $12.3 million in the first quarter of 2026, compared to $13.5 million in the prior quarter and $12.4 million in the first quarter of 2025.

Noninterest Expense

Adjusted noninterest expense* during the first quarter of 2026 was $93.7 million compared to $100.4 million for the prior quarter and $79.1 million for the first quarter of 2025. The decrease reflects lower performance‑based compensation in the first quarter, as incentive expense was elevated in the fourth quarter due to higher levels of performance-based compensation. During the first quarter of 2026, the Company’s adjusted efficiency ratio*1was 54.3%, compared to 56.3% in the previous quarter and 59.9% in the first quarter of 2025.

Chief Financial Officer Michael Mettee commented, “We continued to build operating leverage in the first quarter as expense levels normalized and efficiency improved. Incentive and personnel costs returned to expected levels following elevated fourth quarter expense related to long‑term equity incentives. As volumes grow and we continue to focus on operating scale, we are well positioned to drive incremental profitability and stronger returns over time.”

Credit Quality

In the first quarter, the Company recorded provision expense of $3.8 million related to loans HFI and a provision reversal of $0.8 million associated with unfunded loan commitments. At the end of the first quarter of 2026, the Company had an allowance for credit losses on loans HFI of $186.3 million, representing 1.49% of loans HFI compared to $186.0 million, or 1.50% of loans HFI, at the end of the prior quarter.

The Company had net charge-offs of $3.5 million in the first quarter of 2026, representing annualized net charge-offs of 0.11% of average loans HFI, compared to 0.05% in the prior quarter and 0.14% in the first quarter of 2025.

The Company’s nonperforming loans HFI as a percentage of total loans HFI decreased slightly to 0.96% as of the end of the first quarter of 2026, compared to 0.97% in the prior quarter and 0.79% in the first quarter of 2025. Nonperforming assets as a percentage of total assets were relatively stable at 0.98% as of the end of the first quarter of 2026, compared to 0.97% at the end of the prior quarter and 0.84% as of the end of the first quarter of 2025.

Holmes commented, “Our credit quality remained sound during the quarter, supported by stable asset quality metrics. While net charge‑offs increased modestly, they remain at relatively low levels and consistent with our expectations. We ended the quarter with an allowance for credit losses that reflects the risk profile of the portfolio given the current economic outlook and our proactive approach to risk management as we continue to support growth.”

Capital

The Company maintained its strong capital position in the first quarter, resulting in a preliminary total risk-based capital ratio of 13.4%, preliminary common equity tier 1 ratio of 11.5% and tangible common equity to tangible assets ratio* of 9.91%. The Company repurchased 426,983 shares during the quarter.

Holmes continued, “We ended the quarter with a strong capital position, highlighted by tangible common equity of 9.91%, which provides us significant capital flexibility. That strength allows us to support organic growth, pursue strategic opportunities, and return capital to shareholders through share repurchases when appropriate. We are committed to deploying capital in ways that create long‑term value while maintaining a prudent risk profile.”

Summary

Holmes finalized, “The first quarter marked a solid start to the year, with a reassuring vote of confidence from our clients, disciplined balance sheet growth, improving efficiency, stable credit quality, and a solid capital position. Looking forward, we see active pipelines across our markets and remain optimistic about economic conditions in our footprint. With multiple avenues for growth and capital deployment, we are confident in our ability to continue delivering top‑tier returns for our shareholders.”

*Non-GAAP financial measure;1A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s First Quarter 2026 Financial Supplement.

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FB Financial Corporation

First Quarter 2026 Results

Page 4

WEBCAST AND CONFERENCE CALL INFORMATION

FB Financial Corporation will host a conference call to discuss the Company’s financial results on April 14, 2026, at 8:00 a.m. (Central Time). To listen to the call, participants should dial 1-877-883-0383 (confirmation code 8131060) approximately 10 minutes prior to the call. A telephonic replay will be available approximately two hours after the call through April 21, 2026, by dialing 1-855-669-9658 and entering confirmation code 1063916.

A live online broadcast of the Company’s quarterly conference call will be available online at https://event.choruscall.com/mediaframe/webcast.html?webcastid=4Tu7dtR8. An online replay will be available on the Company’s website approximately two hours after the conclusion of the call and will remain available for 12 months.

ABOUT FB FINANCIAL CORPORATION

FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, in Tennessee, Kentucky, Alabama, and Georgia. FB Financial Corporation has approximately $16.5 billion in total assets and operates 90 full-service bank branches across its footprint.


MEDIA CONTACT:						FINANCIAL CONTACT:

Keith Hancock						Michael Mettee
404-310-2368						615-435-0952
keith.hancock@firstbankonline.com						mmettee@firstbankonline.com
www.firstbankonline.com						investorrelations@firstbankonline.com

SUPPLEMENTAL FINANCIAL INFORMATION AND EARNINGS PRESENTATION

Investors are encouraged to review this Earnings Release in conjunction with the First Quarter 2026 Financial Supplement and Earnings Presentation posted on the Company’s website, which can be found at https://investors.firstbankonline.com. This Earnings Release, the First Quarter 2026 Financial Supplement and the Earnings Presentation are also included with a Current Report on Form 8-K that the Company furnished to the U.S. Securities and Exchange Commission (“SEC”) on April 13, 2026.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this Earnings Release that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company’s future plans, results, strategies, and expectations, including expectations around changing economic markets. These statements can generally be identified by the use of the words and phrases “may,” “will,” “should,” “could,” “would,” “goal,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target,” “aim,” “predict,” “continue,” “seek,” and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management’s current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on the Company’s business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) the Company’s ability to identify potential candidates for, consummate, and achieve synergies from acquisitions, including risks that cost savings and other synergies from completed or future mergers may not be realized (or may be less than or delayed from expectations), challenges in integrating acquired businesses, disruptions to customer, employee, or other relationships, diversion of management attention, and the ability to effectively manage larger or more complex operations post-transaction; (7) the Company’s ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss, (8) the Company’s ability to successfully execute its various business strategies, (9) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments,

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FB Financial Corporation

First Quarter 2026 Results

Page 5

(10) the effectiveness of the Company’s controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (11) the Company’s dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (12) the impact, extent and timing of technological changes, (13) concentrations of credit or deposit exposure, (14) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (15) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (16) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward-looking statements contained herein can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in any of the Company’s subsequent filings with the SEC. Many of these factors are beyond the Company’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this Earnings Release, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company.

The Company qualifies all forward-looking statements by these cautionary statements.

GAAP RECONCILIATION AND USE OF NON-GAAP FINANCIAL MEASURES

This Earnings Release contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated adjusted revenue, consolidated adjusted and segment noninterest expense and consolidated adjusted noninterest income, consolidated adjusted efficiency ratio (tax-equivalent basis), and adjusted return on average assets and equity. Each of these non-GAAP metrics excludes certain income and expense items that the Company’s management considers to be adjusted in nature. The Company refers to these non-GAAP measures as adjusted measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles.

The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-adjusted gains and charges in the current and prior periods. The Company’s management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company’s underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company’s results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures.

A reconciliation of these measures to the most directly comparable GAAP financial measures is included in the Company’s First Quarter 2026 Financial Supplement, which is available at https://investors.firstbankonline.com.

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FB Financial Corporation

First Quarter 2026 Results

Page 6


Financial Summary and Key Metrics
(Unaudited)
(dollars in thousands, except share data)

	As of or for the Three Months Ended
	Mar 2026			Dec 2025			Mar 2025
Selected Balance Sheet Data
Cash and cash equivalents	$	1,157,763		$	1,155,895		$	794,706
Investment securities, at fair value	1,498,547			1,459,734			1,580,720
Loans held for sale	231,359			201,076			172,770
Loans HFI	12,503,815			12,383,626			9,771,536
Allowance for credit losses on loans HFI	(186,324)			(185,983)			(150,531)


Total assets	16,468,439			16,300,292			13,136,449
Interest-bearing deposits (non-brokered)	10,838,139			10,649,932			8,623,636
Brokered deposits	574,216			625,634			414,428
Noninterest-bearing deposits	2,664,480			2,634,395			2,163,934
Total deposits	14,076,835			13,909,961			11,201,998
Borrowings	213,188			212,764			168,944
Allowance for credit losses on unfunded commitments	15,398			16,196			6,493
Total common shareholders’ equity	1,973,873			1,948,165			1,601,962
Selected Statement of Income Data
Total interest income	$	225,350		$	235,238		$	179,706
Total interest expense	79,385			85,434			72,065
Net interest income	145,965			149,804			107,641
Total noninterest income	26,375			28,795			23,032
Total noninterest expense	95,164			107,548			79,549
Earnings before income taxes and provisions for credit losses	77,176			71,051			51,124
Provisions for credit losses	3,024			1,232			2,292
Income tax expense	16,626			12,834			9,471
Net income applicable to noncontrolling interest	—			8			—
Net income applicable to FB Financial Corporation	$	57,526		$	56,977		$	39,361
Net interest income (tax-equivalent basis)	$	146,774		$	150,642		$	108,427
Adjusted net income*	$	58,271		$	61,494		$	40,108
Adjusted pre-tax, pre-provision net revenue*	$	78,184		$	77,118		$	52,134
Per Common Share
Diluted net income	$	1.10		$	1.07		$	0.84
Adjusted diluted net income*	1.12			1.16			0.85

Book value	38.39			37.64			34.44
Tangible book value*	31.00			30.27			29.12

Weighted average number of shares outstanding - fully diluted	52,203,469			53,074,753			47,024,211
Period-end number of shares	51,418,024			51,752,401			46,514,547
Selected Ratios
Return on average:
Assets	1.43		%	1.40		%	1.21		%
Shareholders’ equity	11.9		%	11.6		%	10.1		%
Tangible common equity*	14.7		%	14.4		%	11.9		%

Efficiency ratio	55.2		%	60.2		%	60.9		%
Adjusted efficiency ratio (tax-equivalent basis)*	54.3		%	56.3		%	59.9		%
Loans HFI to deposit ratio	88.8		%	89.0		%	87.2		%

Noninterest-bearing deposits to total deposits	18.9		%	18.9		%	19.3		%
Net interest margin (tax-equivalent basis)	3.94		%	3.98		%	3.55		%
Yield on interest-earning assets	6.07		%	6.23		%	5.91		%
Cost of interest-bearing liabilities	2.83		%	3.02		%	3.16		%
Cost of total deposits	2.27		%	2.40		%	2.54		%

Credit Quality Ratios
Allowance for credit losses on loans HFI as a percentage of loans HFI	1.49		%	1.50		%	1.54		%

Annualized net charge-offs as a percentage of average loans HFI	0.11		%	0.05		%	0.14		%
Nonperforming loans HFI as a percentage of loans HFI	0.96		%	0.97		%	0.79		%
Nonperforming assets as a percentage of total assets	0.98		%	0.97		%	0.84		%
Preliminary Capital Ratios (consolidated)
Total common shareholders’ equity to assets	12.0		%	12.0		%	12.2		%
Tangible common equity to tangible assets*	9.91		%	9.84		%	10.5		%
Tier 1 leverage	10.4		%	10.3		%	11.4		%
Tier 1 risk-based capital	11.5		%	11.4		%	13.1		%
Total risk-based capital	13.4		%	13.2		%	15.2		%
Common equity Tier 1	11.5		%	11.4		%	12.8		%

*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s First Quarter 2026 Financial Supplement.

-END-

First Quarter 2026

Financial Supplement

TABLE OF CONTENTS


			Page

Financial Summary and Key Metrics			4

Consolidated Statements of Income			5

Consolidated Balance Sheets			6

Average Balance and Interest Yield/Rate Analysis			7



Investments and Other Sources of Liquidity			9

Loan Portfolio			10

Asset Quality			11

Selected Deposit Data			12

Preliminary Capital Ratios			13

Segment Data			14

Non-GAAP Reconciliations			15

Use of non-GAAP Financial Measures

This Financial Supplement contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated and segment adjusted revenue, consolidated and segment adjusted noninterest expense and adjusted noninterest income, consolidated and segment adjusted efficiency ratio (tax-equivalent basis), adjusted return on average assets and equity, and adjusted pre-tax pre-provision return on average assets. Each of these non-GAAP metrics excludes certain income and expense items that the Company’s management considers to be adjusted in nature. The Company refers to these non-GAAP measures as adjusted measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, on-balance sheet liquidity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles.


Financial Summary and Key Metrics
(Unaudited)
(Dollars in Thousands, Except Share Data)

	As of or for the Three Months Ended
	Mar 2026			Dec 2025			Sep 2025			Jun 2025			Mar 2025
Selected Balance Sheet Data
Cash and cash equivalents	$	1,157,763		$	1,155,895		$	1,280,033		$	1,165,729		$	794,706
Investment securities, at fair value	1,498,547			1,459,734			1,428,401			1,337,565			1,580,720
Loans held for sale	231,359			201,076			167,449			144,212			172,770
Loans HFI	12,503,815			12,383,626			12,297,600			9,874,282			9,771,536
Allowance for credit losses on loans HFI	(186,324)			(185,983)			(184,993)			(148,948)			(150,531)


Total assets	16,468,439			16,300,292			16,236,459			13,354,238			13,136,449
Interest-bearing deposits (non-brokered)	10,838,139			10,649,932			10,634,555			8,692,848			8,623,636
Brokered deposits	574,216			625,634			487,765			518,719			414,428
Noninterest-bearing deposits	2,664,480			2,634,395			2,690,635			2,191,903			2,163,934
Total deposits	14,076,835			13,909,961			13,812,955			11,403,470			11,201,998
Borrowings	213,188			212,764			213,638			164,485			168,944
Allowance for credit losses on unfunded commitments	15,398			16,196			17,392			12,932			6,493
Total common shareholders' equity	1,973,873			1,948,165			1,978,043			1,611,130			1,601,962
Selected Statement of Income Data
Total interest income	$	225,350		$	235,238		$	236,898		$	182,084		$	179,706
Total interest expense	79,385			85,434			89,658			70,669			72,065
Net interest income	145,965			149,804			147,240			111,415			107,641
Total noninterest income (loss)	26,375			28,795			26,635			(34,552)			23,032
Total noninterest expense	95,164			107,548			109,856			81,261			79,549
Earnings (losses) before income taxes and provisions for credit losses	77,176			71,051			64,019			(4,398)			51,124
Provisions for credit losses	3,024			1,232			34,417			5,337			2,292
Income tax expense (benefit)	16,626			12,834			6,227			(12,652)			9,471
Net income applicable to noncontrolling interest	—			8			—			8			—
Net income applicable to FB Financial Corporation	$	57,526		$	56,977		$	23,375		$	2,909		$	39,361
Net interest income (tax-equivalent basis)	$	146,774		$	150,642		$	148,088		$	112,236		$	108,427
Adjusted net income*	$	58,271		$	61,494		$	57,606		$	40,821		$	40,108
Adjusted pre-tax, pre-provision net revenue*	$	78,184		$	77,118		$	80,980		$	58,649		$	52,134
Per Common Share
Diluted net income	$	1.10		$	1.07		$	0.43		$	0.06		$	0.84
Adjusted diluted net income*	1.12			1.16			1.07			0.88			0.85

Book value	38.39			37.64			37.00			35.17			34.44
Tangible book value*	31.00			30.27			29.83			29.78			29.12

Weighted average number of shares outstanding - fully diluted	52,203,469			53,074,753			53,957,062			46,179,090			47,024,211
Period-end number of shares	51,418,024			51,752,401			53,456,522			45,807,689			46,514,547
Selected Ratios
Return on average:
Assets	1.43		%	1.40		%	0.58		%	0.09		%	1.21		%
Shareholders’ equity	11.9		%	11.6		%	4.69		%	0.74		%	10.1		%
Tangible common equity*	14.7		%	14.4		%	5.82		%	0.87		%	11.9		%

Efficiency ratio	55.2		%	60.2		%	63.2		%	105.7		%	60.9		%
Adjusted efficiency ratio (tax-equivalent basis)*	54.3		%	56.3		%	53.3		%	56.9		%	59.9		%
Loans HFI to deposit ratio	88.8		%	89.0		%	89.0		%	86.6		%	87.2		%

Noninterest-bearing deposits to total deposits	18.9		%	18.9		%	19.5		%	19.2		%	19.3		%
Net interest margin (NIM) (tax-equivalent basis)	3.94		%	3.98		%	3.95		%	3.68		%	3.55		%
Yield on interest-earning assets	6.07		%	6.23		%	6.35		%	5.99		%	5.91		%
Cost of interest-bearing liabilities	2.83		%	3.02		%	3.21		%	3.13		%	3.16		%
Cost of total deposits	2.27		%	2.40		%	2.53		%	2.48		%	2.54		%

Credit Quality Ratios
Allowance for credit losses on loans HFI as a percentage of loans HFI	1.49		%	1.50		%	1.50		%	1.51		%	1.54		%

Annualized net charge-offs as a percentage of average loans HFI	0.11		%	0.05		%	0.05		%	0.02		%	0.14		%
Nonperforming loans HFI as a percentage of loans HFI	0.96		%	0.97		%	0.94		%	0.97		%	0.79		%
Nonperforming assets as a percentage of total assets	0.98		%	0.97		%	0.89		%	0.92		%	0.84		%
Preliminary Capital Ratios (consolidated)
Total common shareholders’ equity to assets	12.0		%	12.0		%	12.2		%	12.1		%	12.2		%
Tangible common equity to tangible assets*	9.91		%	9.84		%	10.1		%	10.4		%	10.5		%
Tier 1 leverage	10.4		%	10.3		%	10.6		%	11.3		%	11.4		%
Tier 1 risk-based capital	11.5		%	11.4		%	11.7		%	12.6		%	13.1		%
Total risk-based capital	13.4		%	13.2		%	13.6		%	14.7		%	15.2		%

Common equity Tier 1	11.5		%	11.4		%	11.7		%	12.3		%	12.8		%

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures”and Non-GAAP reconciliations herein.


FB Financial Corporation						4


Consolidated Statements of Income
(Unaudited)
(Dollars in Thousands, Except Share Data)
													Mar 2026		Mar 2026
													vs.		vs.
	Three Months Ended										Dec 2025	Mar 2025
	Mar 2026		Dec 2025		Sep 2025		Jun 2025		Mar 2025				Percent variance		Percent variance
Interest income:
Interest and fees on loans	$	201,257	$	209,734	$	209,307	$	159,697	$	153,185			(4.04)	%	31.4	%
Interest on investment securities
Taxable	13,575		14,380		14,395		14,661		14,471				(5.60)	%	(6.19)	%
Tax-exempt	1,054		1,058		1,058		1,036		1,033				(0.38)	%	2.03	%
Other	9,464		10,066		12,138		6,690		11,017				(5.98)	%	(14.1)	%
Total interest income	225,350		235,238		236,898		182,084		179,706				(4.20)	%	25.4	%
Interest expense:
Deposits	77,878		83,813		86,577		68,568		70,249				(7.08)	%	10.9	%
Borrowings	1,507		1,621		3,081		2,101		1,816				(7.03)	%	(17.0)	%
Total interest expense	79,385		85,434		89,658		70,669		72,065				(7.08)	%	10.2	%
Net interest income	145,965		149,804		147,240		111,415		107,641				(2.56)	%	35.6	%
Provision for (reversal of) credit losses on loans HFI	3,822		2,428		29,957		(1,102)		1,906				57.4	%	100.5	%
(Reversal of) provision for credit losses on unfunded commitments	(798)		(1,196)		4,460		6,439		386				(33.3)	%	(306.7)	%
Net interest income after provisions for credit losses	142,941		148,572		112,823		106,078		105,349				(3.79)	%	35.7	%
Noninterest income:
Mortgage banking income	12,253		13,505		13,484		13,029		12,426				(9.27)	%	(1.39)	%
Service charges on deposit accounts	4,376		4,184		4,049		3,392		3,479				4.59	%	25.8	%
Investment services and trust income	4,348		4,473		4,227		3,922		3,711				(2.79)	%	17.2	%
ATM and interchange fees	2,977		3,146		3,388		2,878		2,677				(5.37)	%	11.2	%
Gain (loss) from securities, net	1		64		12		(60,549)		16				(98.4)	%	(93.8)	%
(Loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(320)		(131)		(646)		236		(625)				144.3	%	(48.8)	%
Other income	2,740		3,554		2,121		2,540		1,348				(22.9)	%	103.3	%
Total noninterest income (loss)	26,375		28,795		26,635		(34,552)		23,032				(8.40)	%	14.5	%
Total revenue	172,340		178,599		173,875		76,863		130,673				(3.50)	%	31.9	%
Noninterest expenses:
Salaries, commissions and employee benefits	57,348		63,529		59,210		46,631		48,351				(9.73)	%	18.6	%
Occupancy and equipment expense	7,476		7,239		7,539		6,710		6,597				3.27	%	13.3	%
Data processing	2,454		2,809		2,457		2,161		2,313				(12.6)	%	6.10	%
Advertising	2,148		2,464		2,453		2,178		2,487				(12.8)	%	(13.6)	%
Legal and professional fees	1,980		2,503		1,227		2,426		1,992				(20.9)	%	(0.60)	%
Amortization of core deposits and other intangibles	1,869		1,932		2,079		631		656				(3.26)	%	184.9	%
Merger and integration costs	1,447		4,611		16,057		2,734		401				(68.6)	%	260.8	%



Other expense	20,442		22,461		18,834		17,790		16,752				(8.99)	%	22.0	%
Total noninterest expense	95,164		107,548		109,856		81,261		79,549				(11.5)	%	19.6	%
Income (loss) before income taxes	74,152		69,819		29,602		(9,735)		48,832				6.21	%	51.9	%
Income tax expense (benefit)	16,626		12,834		6,227		(12,652)		9,471				29.5	%	75.5	%
Net income applicable to FB Financial Corporation and noncontrolling interest	57,526		56,985		23,375		2,917		39,361				0.95	%	46.1	%
Net income applicable to noncontrolling interest	—		8		—		8		—				(100.0)	%	—	%

Net income applicable to FB Financial Corporation	$	57,526	$	56,977	$	23,375	$	2,909	$	39,361			0.96	%	46.1	%
Weighted average common shares outstanding:
Basic	51,724,458		52,621,950		53,627,997		45,946,428		46,674,698				(1.71)	%	10.8	%
Fully diluted	52,203,469		53,074,753		53,957,062		46,179,090		47,024,211				(1.64)	%	11.0	%
Earnings per common share:
Basic	$	1.11	$	1.08	$	0.44	$	0.06	$	0.84			2.78	%	32.1	%
Fully diluted	1.10		1.07		0.43		0.06		0.84				2.80	%	31.0	%
Fully diluted - adjusted*	1.12		1.16		1.07		0.88		0.85				(3.45)	%	31.8	%

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures”and Non-GAAP reconciliations herein.


FB Financial Corporation						5


Consolidated Balance Sheets
(Unaudited)
(Dollars in Thousands)

													Annualized
													Mar 2026		Mar 2026
													vs.		vs.
	As of										Dec 2025	Mar 2025
	Mar 2026		Dec 2025		Sep 2025		Jun 2025		Mar 2025				Percent variance		Percent variance
ASSETS
Cash and due from banks	$	159,883	$	196,213	$	154,286	$	143,317	$	149,607			(75.1)	%	6.87	%
Federal funds sold and reverse repurchase agreements	199,009		213,391		283,451		352,124		109,982				(27.3)	%	80.9	%
Interest-bearing deposits in financial institutions	798,871		746,291		842,296		670,288		535,117				28.6	%	49.3	%
Cash and cash equivalents	1,157,763		1,155,895		1,280,033		1,165,729		794,706				0.66	%	45.7	%
Investments:
Available-for-sale debt securities, at fair value	1,498,547		1,459,579		1,426,951		1,337,565		1,580,720				10.8	%	(5.20)	%
Equity securities, at fair value	—		155		1,450		—		—				(100.0)	%	—	%
Restricted equity securities, at cost	79,458		79,046		36,231		33,626		32,234				2.11	%	146.5	%
Loans held for sale	231,359		201,076		167,449		144,212		172,770				61.1	%	33.9	%
Loans held for investment	12,503,815		12,383,626		12,297,600		9,874,282		9,771,536				3.94	%	28.0	%
Less: allowance for credit losses on loans HFI	186,324		185,983		184,993		148,948		150,531				0.74	%	23.8	%
Net loans held for investment	12,317,491		12,197,643		12,112,607		9,725,334		9,621,005				3.98	%	28.0	%
Premises and equipment, net	181,268		182,370		183,595		147,243		146,272				(2.45)	%	23.9	%
Other real estate owned, net	6,449		6,009		4,466		2,998		3,326				29.7	%	93.9	%
Operating lease right-of-use assets	48,223		49,249		51,035		47,764		47,381				(8.45)	%	1.78	%
Interest receivable	59,837		58,565		60,755		50,386		51,268				8.81	%	16.7	%
Mortgage servicing rights, at fair value	147,344		148,795		149,840		153,464		156,379				(3.95)	%	(5.78)	%
Goodwill	350,353		350,353		350,353		242,561		242,561				—	%	44.4	%
Core deposit and other intangibles, net	29,415		31,284		33,216		4,475		5,106				(24.2)	%	476.1	%
Bank-owned life insurance	110,484		111,865		113,374		72,686		72,400				(5.01)	%	52.6	%
Other assets	250,448		268,408		265,104		226,195		210,321				(27.1)	%	19.1	%
Total assets	$	16,468,439	$	16,300,292	$	16,236,459	$	13,354,238	$	13,136,449			4.18	%	25.4	%
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits
Noninterest-bearing	$	2,664,480	$	2,634,395	$	2,690,635	$	2,191,903	$	2,163,934			4.63	%	23.1	%
Interest-bearing checking	2,642,713		2,651,369		2,458,625		2,325,551		2,776,958				(1.32)	%	(4.83)	%
Money market and savings	5,886,370		5,969,640		5,968,094		4,645,552		4,482,908				(5.66)	%	31.3	%
Customer time deposits	2,309,056		2,028,923		2,206,790		1,721,745		1,363,770				56.0	%	69.3	%
Brokered and internet time deposits	574,216		625,634		488,811		518,719		414,428				(33.3)	%	38.6	%
Total deposits	14,076,835		13,909,961		13,812,955		11,403,470		11,201,998				4.87	%	25.7	%
Borrowings	213,188		212,764		213,638		164,485		168,944				0.81	%	26.2	%
Operating lease liabilities	59,106		60,556		62,664		59,289		59,174				(9.71)	%	(0.11)	%
Accrued expenses and other liabilities	145,344		168,753		169,066		115,771		104,278				(56.3)	%	39.4	%
Total liabilities	14,494,473		14,352,034		14,258,323		11,743,015		11,534,394				4.02	%	25.7	%
Shareholders’ equity:
Common stock, $1 par value	51,418		51,752		53,457		45,808		46,515				(2.62)	%	10.5	%
Additional paid-in capital	1,064,619		1,082,344		1,163,164		822,548		854,715				(6.64)	%	24.6	%
Retained earnings	893,095		846,620		799,900		786,785		792,685				22.3	%	12.7	%
Accumulated other comprehensive loss, net	(35,259)		(32,551)		(38,478)		(44,011)		(91,953)				33.7	%	(61.7)	%
Total common shareholders’ equity	1,973,873		1,948,165		1,978,043		1,611,130		1,601,962				5.35	%	23.2	%
Noncontrolling interest	93		93		93		93		93				—	%	—	%
Total equity	1,973,966		1,948,258		1,978,136		1,611,223		1,602,055				5.35	%	23.2	%
Total liabilities and shareholders’ equity	$	16,468,439	$	16,300,292	$	16,236,459	$	13,354,238	$	13,136,449			4.18	%	25.4	%


FB Financial Corporation						6


Average Balance and Interest Yield/Rate Analysis

(Unaudited)
(Dollars in Thousands)

	Three Months Ended
	March 31, 2026						December 31, 2025
	Average balances		Interest income/ expense		Average yield/ rate		Average balances		Interest income/ expense		Average yield/ rate
Interest-earning assets:
Loans HFI(a)(b)	$	12,415,278	$	199,145	6.51	%	$	12,368,964	$	207,140	6.64	%
Mortgage loans held for sale	171,452		2,550		6.03	%	169,422		3,059		7.16	%

Investment securities:
Taxable	1,378,627		13,575		3.99	%	1,346,232		14,380		4.24	%
Tax-exempt(b)	168,658		1,425		3.43	%	169,355		1,431		3.35	%
Total investment securities(b)	1,547,285		15,000		3.93	%	1,515,587		15,811		4.14	%
Federal funds sold and reverse repurchase agreements	207,809		2,021		3.94	%	238,393		2,426		4.04	%
Interest-bearing deposits with other financial institutions	698,672		6,337		3.68	%	693,612		6,800		3.89	%
Restricted equity securities, at cost	79,257		1,106		5.66	%	49,029		840		6.80	%
Total interest-earning assets(b)	15,119,753		226,159		6.07	%	15,035,007		236,076		6.23	%
Noninterest-earning assets:
Cash and due from banks	147,305						137,536
Allowance for credit losses on loans HFI	(188,214)						(185,526)
Other assets(c)(d)	1,179,428						1,164,178
Total noninterest-earning assets	1,138,519						1,116,188
Total assets	$	16,258,272					$	16,151,195
Interest-bearing liabilities:
Interest-bearing deposits:
Interest-bearing checking	$	2,628,330	$	12,348	1.91	%	$	2,379,679	$	11,538	1.92	%
Money market	5,471,973		39,871		2.96	%	5,609,158		46,018		3.25	%
Savings deposits	447,380		656		0.59	%	417,110		419		0.40	%
Customer time deposits	2,116,914		19,000		3.64	%	2,088,577		19,561		3.72	%
Brokered and internet time deposits	604,764		6,003		4.03	%	608,136		6,277		4.10	%
Time deposits	2,721,678		25,003		3.73	%	2,696,713		25,838		3.80	%
Total interest-bearing deposits	11,269,361		77,878		2.80	%	11,102,660		83,813		2.99	%
Other interest-bearing liabilities:
Securities sold under agreements to repurchase and federal funds purchased	12,554		16		0.52	%	12,473		31		0.99	%
Federal Home Loan Bank advances	—		—		—	%	—		—		—	%
Subordinated debt	83,798		1,486		7.19	%	83,458		1,491		7.09	%
Other borrowings	1,118		5		1.81	%	9,296		99		4.23	%
Total other interest-bearing liabilities	97,470		1,507		6.27	%	105,227		1,621		6.11	%
Total interest-bearing liabilities	11,366,831		79,385		2.83	%	11,207,887		85,434		3.02	%
Noninterest-bearing liabilities:
Demand deposits	2,652,462						2,733,207
Other liabilities(d)	273,009						253,375
Total noninterest-bearing liabilities	2,925,471						2,986,582
Total liabilities	14,292,302						14,194,469
Total common shareholders’ equity	1,965,877						1,956,633
Noncontrolling interest	93						93
Total equity	1,965,970						1,956,726
Total liabilities and shareholders’ equity	$	16,258,272					$	16,151,195
Net interest income(b)			$	146,774					$	150,642
Interest rate spread(b)					3.24	%					3.21	%
Net interest margin(b)(e)					3.94	%					3.98	%
Cost of total deposits					2.27	%					2.40	%
Average interest-earning assets to average interest-bearing liabilities					133.0	%					134.1	%
Tax-equivalent adjustment			$	809					$	838
Loans HFI yield components:
Contractual interest rate(b)			$	190,529	6.22	%			$	197,683	6.34	%
Origination and other loan fee income			2,148		0.07	%			2,633		0.08	%
Accretion on purchased loans			6,297		0.21	%			6,406		0.21	%
Nonaccrual interest			171		0.01	%			418		0.01	%

Total loans HFI yield			$	199,145	6.51	%			$	207,140	6.64	%

(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.

(b) Includes tax-equivalent adjustment using combined federal and blended state statutory income tax rate of 26.06%..

(c) Includes average net unrealized losses on investment securities available for sale of $43,443 and $51,415 for the three months ended March 31, 2026 and December 31, 2025, respectively.

(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $31,982 and 23,208 for the three months ended March 31, 2026 and December 31, 2025, respectively.

(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.


FB Financial Corporation						7


Average Balance and Interest Yield/Rate Analysis (continued)

(Unaudited)
(Dollars in Thousands)

	Three Months Ended
	September 30, 2025						June 30, 2025						March 31, 2025
	Average balances		Interest income/ expense		Average yield/ rate		Average balances		Interest income/ expense		Average yield/ rate		Average balances		Interest income/ expense		Average yield/ rate
Interest-earning assets:
Loans HFI(a)(b)	$	12,189,401	$	207,423	6.75	%	$	9,840,932	$	157,964	6.44	%	$	9,621,057	$	152,174	6.41	%
Mortgage loans held for sale	162,205		2,359		5.77	%	126,072		2,189		6.96	%	93,944		1,433		6.19	%

Investment securities:
Taxable	1,304,894		14,395		4.38	%	1,534,895		14,661		3.83	%	1,541,868		14,471		3.81	%
Tax-exempt(b)	169,523		1,431		3.35	%	167,675		1,401		3.35	%	167,958		1,397		3.37	%
Total investment securities(b)	1,474,417		15,826		4.26	%	1,702,570		16,062		3.78	%	1,709,826		15,868		3.76	%
Federal funds sold and reverse repurchase agreements	331,029		3,966		4.75	%	113,252		1,256		4.45	%	123,390		1,374		4.52	%
Interest-bearing deposits with other financial institutions	671,634		7,340		4.34	%	426,073		4,733		4.46	%	811,216		8,902		4.45	%
Restricted equity securities, at cost	36,907		832		8.94	%	35,623		701		7.89	%	32,493		741		9.25	%
Total interest-earning assets(b)	14,865,593		237,746		6.35	%	12,244,522		182,905		5.99	%	12,391,926		180,492		5.91	%
Noninterest-earning assets:
Cash and due from banks	139,226						115,717						123,158
Allowance for credit losses on loans HFI	(181,973)						(151,586)						(152,234)
Other assets(c)(d)	1,184,942						823,837						844,119
Total noninterest-earning assets	1,142,195						787,968						815,043
Total assets	$	16,007,788					$	13,032,490					$	13,206,969
Interest-bearing liabilities:
Interest-bearing deposits:
Interest-bearing checking	$	2,331,589	$	12,383	2.11	%	$	2,521,239	$	15,870	2.52	%	$	2,840,211	$	18,267	2.61	%
Money market	5,561,538		49,019		3.50	%	4,115,987		34,957		3.41	%	4,083,754		34,360		3.41	%
Savings deposits	406,787		248		0.24	%	352,307		98		0.11	%	353,865		66		0.08	%
Customer time deposits	1,997,905		18,965		3.77	%	1,404,368		12,454		3.56	%	1,373,045		12,702		3.75	%
Brokered and internet time deposits	560,127		5,962		4.22	%	481,686		5,189		4.32	%	443,923		4,854		4.43	%
Time deposits	2,558,032		24,927		3.87	%	1,886,054		17,643		3.75	%	1,816,968		17,556		3.92	%
Total interest-bearing deposits	10,857,946		86,577		3.16	%	8,875,587		68,568		3.10	%	9,094,798		70,249		3.13	%
Other interest-bearing liabilities:
Securities sold under agreements to repurchase and federal funds purchased	13,144		31		0.94	%	11,107		26		0.94	%	11,046		6		0.22	%
Federal Home Loan Bank advances	15,217		172		4.48	%	23,077		258		4.48	%	—		—		—	%
Subordinated debt	180,805		2,872		6.30	%	130,851		1,813		5.56	%	130,755		1,804		5.60	%
Other borrowings	1,168		6		2.04	%	2,294		4		0.70	%	1,220		6		1.99	%
Total other interest-bearing liabilities	210,334		3,081		5.81	%	167,329		2,101		5.04	%	143,021		1,816		5.15	%
Total interest-bearing liabilities	11,068,280		89,658		3.21	%	9,042,916		70,669		3.13	%	9,237,819		72,065		3.16	%
Noninterest-bearing liabilities:
Demand deposits	2,724,898						2,206,305						2,134,924
Other liabilities(d)	236,732						200,077						250,175
Total noninterest-bearing liabilities	2,961,630						2,406,382						2,385,099
Total liabilities	14,029,910						11,449,298						11,622,918
Total common shareholders’ equity	1,977,785						1,583,099						1,583,958
Noncontrolling interest	93						93						93
Total equity	1,977,878						1,583,192						1,584,051
Total liabilities and shareholders’ equity	$	16,007,788					$	13,032,490					$	13,206,969
Net interest income(b)			$	148,088					$	112,236					$	108,427
Interest rate spread(b)					3.14	%					2.86	%					2.75	%
Net interest margin(b)(e)					3.95	%					3.68	%					3.55	%
Cost of total deposits					2.53	%					2.48	%					2.54	%
Average interest-earning assets to average interest-bearing liabilities					134.3	%					135.4	%					134.1	%
Tax-equivalent adjustment			$	848					$	821					$	786
Loans HFI yield components:
Contractual interest rate(b)			$	198,320	6.45	%			$	155,697	6.34	%			$	149,819	6.31	%
Origination and other loan fee income			1,575		0.05	%			1,945		0.08	%			1,797		0.08	%
Accretion (amortization) on purchased loans			7,025		0.23	%			(62)		—	%			2		—	%
Nonaccrual interest			503		0.02	%			384		0.02	%			556		0.02	%

Total loans HFI yield			$	207,423	6.75	%			$	157,964	6.44	%			$	152,174	6.41	%

(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.

(b) Includes tax-equivalent adjustment using combined federal and blended state statutory income tax rate of 26.06%.

(c) Includes average net unrealized losses on investment securities available for sale of $64,781, $128,818 and $132,262 for the three months ended September 30, 2025, June 30, 2025 and

March 31, 2025, respectively.

(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $21,645, $25,159
and $30,731 for the three months ended September 30, 2025, June 30, 2025 and March 31, 2025, respectively.

(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.


FB Financial Corporation						8


Investments and Other Sources of Liquidity
(Unaudited)
(Dollars in Thousands)

	As of
	Mar 2026					Dec 2025					Sep 2025					Jun 2025					Mar 2025
Investment securities, at fair value
Available-for-sale debt securities:
U.S. government agency securities	$	713,910		48	%	$	670,088		46	%	$	653,197		46	%	$	642,264		48	%	$	602,942		38	%
Mortgage-backed securities - residential	599,180			40	%	602,320			41	%	587,587			41	%	541,343			40	%	816,556			52	%
Mortgage-backed securities - commercial	10,632			1	%	10,678			1	%	10,681			1	%	8,752			1	%	14,828			1	%
Municipal securities	166,033			11	%	168,370			12	%	165,411			12	%	144,228			11	%	145,396			9	%
Treasury securities	7,092			—	%	7,125			—	%	7,080			—	%	—			—	%	—			—	%
Corporate securities	1,700			—	%	998			—	%	2,995			—	%	978			—	%	998			—	%
Total available-for-sale debt securities	1,498,547			100	%	1,459,579			100	%	1,426,951			100	%	1,337,565			100	%	1,580,720			100	%
Equity securities, at fair value	—			—	%	155			—	%	1,450			—	%	—			—	%	—			—	%
Total investment securities, at fair value	$	1,498,547		100	%	$	1,459,734		100	%	$	1,428,401		100	%	$	1,337,565		100	%	$	1,580,720		100	%
Investment securities to total assets	9.10		%			8.96		%			8.80		%			10.0		%			12.0		%
Unrealized loss on available-for-sale debt securities	(51,495)					(47,887)					(55,890)					(63,262)					(128,173)

Sources of liquidity
Current on-balance sheet:
Cash and cash equivalents	$	1,157,763		65	%	$	1,155,895		64	%	$	1,280,033		68	%	$	1,165,729		68	%	$	794,706		53	%
Unpledged available-for-sale debt securities	637,182			35	%	649,000			36	%	608,716			32	%	547,354			32	%	703,117			47	%
Equity securities, at fair value	—			—	%	155			—	%	1,450			—	%	—			—	%	—			—	%
Total on-balance sheet liquidity	$	1,794,945		100	%	$	1,805,050		100	%	$	1,890,199		100	%	$	1,713,083		100	%	$	1,497,823		100	%

Available sources of liquidity:
Unsecured borrowing capacity(a)	$	4,021,984		47	%	$	3,915,314		47	%	$	4,018,822		52	%	$	3,325,751		48	%	$	3,369,107		48	%
FHLB remaining borrowing capacity	2,213,251			26	%	2,214,796			26	%	1,551,283			20	%	1,481,376			21	%	1,476,688			21	%
Federal Reserve discount window	2,319,521			27	%	2,268,599			27	%	2,196,785			28	%	2,119,018			31	%	2,134,448			31	%
Total available sources of liquidity	$	8,554,756		100	%	$	8,398,709		100	%	$	7,766,890		100	%	$	6,926,145		100	%	$	6,980,243		100	%

On-balance sheet liquidity as a percentage of total assets	10.9		%			11.1		%			11.6		%			12.8		%			11.4		%
On-balance sheet liquidity as a percentage of total tangible assets*	11.2		%			11.3		%			11.9		%			13.1		%			11.6		%
On-balance sheet liquidity and available sources of liquidity as a percentage of estimated uninsured and uncollateralized deposits(b)	255.0		%			264.8		%			245.0		%			289.5		%			283.4		%

(a) Includes capacity available per internal policy in the form of brokered deposits and unsecured lines of credit.

(b) Amounts are shown on a fully consolidated basis and exclude deposits of affiliates that are eliminated in consolidation.

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein.


FB Financial Corporation						9


Loan Portfolio

(Unaudited)
(Dollars in Thousands)

	As of
	Mar 2026		% of Total		Dec 2025		% of Total		Sep 2025		% of Total		Jun 2025		% of Total		Mar 2025		% of Total
Loan portfolio
Commercial and industrial	$	2,239,228	18	%	$	2,181,935	18	%	$	2,155,105	17	%	$	1,788,911	18	%	$	1,782,981	18	%
Construction	1,177,082		9	%	1,188,494		10	%	1,195,392		10	%	1,022,678		10	%	1,022,299		10	%
Residential real estate:
1-to-4 family mortgage	1,856,308		15	%	1,838,122		15	%	1,852,626		15	%	1,660,696		17	%	1,632,574		17	%
Residential line of credit	768,190		6	%	741,309		6	%	707,303		6	%	641,433		7	%	613,868		6	%
Multi-family mortgage	716,795		6	%	745,360		6	%	736,424		6	%	587,254		6	%	648,326		7	%
Commercial real estate:
Owner-occupied	2,204,731		18	%	2,148,870		17	%	2,124,920		17	%	1,370,123		14	%	1,356,007		14	%
Non-owner occupied	2,869,759		23	%	2,900,499		23	%	2,890,233		24	%	2,198,689		22	%	2,153,825		22	%
Consumer and other	671,722		5	%	639,037		5	%	635,597		5	%	604,498		6	%	561,656		6	%
Total loans HFI	$	12,503,815	100	%	$	12,383,626	100	%	$	12,297,600	100	%	$	9,874,282	100	%	$	9,771,536	100	%
Percentage of loans HFI portfolio with floating interest rates			52.3	%			52.2	%			51.5	%			49.6	%			49.7	%
Percentage of loans HFI portfolio with floating interest rates that mature after one year			49.0	%			49.3	%			48.0	%			45.2	%			44.4	%

Loans by market(a)
Metropolitan	$	5,642,300	45	%	$	5,812,055	47	%	$	5,828,109	48	%	$	4,964,113	50	%	$	5,005,392	51	%
Community	3,055,745		25	%	2,893,961		23	%	2,876,244		23	%	1,380,561		14	%	1,367,412		14	%
Specialty lending and other	3,805,770		30	%	3,677,610		30	%	3,593,247		29	%	3,529,608		36	%	3,398,732		35	%
Total	$	12,503,815	100	%	$	12,383,626	100	%	$	12,297,600	100	%	$	9,874,282	100	%	$	9,771,536	100	%



Unfunded loan commitments
Commercial and industrial	$	1,465,835	45	%	$	1,464,207	45	%	$	1,451,366	46	%	$	1,396,533	49	%	$	1,349,491	48	%
Construction	730,199		23	%	704,781		22	%	731,742		23	%	535,669		19	%	540,992		19	%
Residential real estate:
1-to-4 family mortgage	14,427		—	%	16,942		1	%	5,581		—	%	3,545		—	%	5,094		—	%
Residential line of credit	837,761		26	%	828,042		26	%	808,961		25	%	745,570		26	%	743,413		27	%
Multi-family mortgage	8,145		—	%	6,698		—	%	6,665		—	%	4,260		—	%	9,586		—	%
Commercial real estate:
Owner-occupied	97,430		3	%	92,265		3	%	96,287		3	%	86,135		3	%	68,566		3	%
Non-owner occupied	59,417		2	%	65,037		2	%	68,293		2	%	67,974		2	%	63,948		2	%
Consumer and other	23,763		1	%	20,530		1	%	21,480		1	%	21,999		1	%	14,547		1	%
Total unfunded loans HFI	$	3,236,977	100	%	$	3,198,502	100	%	$	3,190,375	100	%	$	2,861,685	100	%	$	2,795,637	100	%

(a) Prior period amounts have been recast to reflect updated definitions of market categories.


FB Financial Corporation						10


Asset Quality
As of or for the Three Months Ended
(Unaudited)
(Dollars in Thousands)

	As of or for the Three Months Ended
	Mar 2026			Dec 2025			Sep 2025			Jun 2025			Mar 2025
Allowance for credit losses on loans HFI roll forward summary
Allowance for credit losses on loans HFI at the beginning of the period	$	185,983		$	184,993		$	148,948		$	150,531		$	151,942
Charge-offs	(4,033)			(1,818)			(1,709)			(1,454)			(3,893)
Recoveries	552			380			279			973			576
Impact of change in accounting estimate for current expected credit losses	—			—			—			(6,848)			—
Provision for credit losses on loans HFI	3,822			2,428			29,957			5,746			1,906
Initial allowance on acquired loans with credit deterioration	—			—			7,518			—			—
Allowance for credit losses on loans HFI at the end of the period	$	186,324		$	185,983		$	184,993		$	148,948		$	150,531
Allowance for credit losses on loans HFI as a percentage of loans HFI	1.49		%	1.50		%	1.50		%	1.51		%	1.54		%
Allowance for credit losses on unfunded commitments	$	15,398		$	16,196		$	17,392		$	12,932		$	6,493
Charge-offs
Commercial and industrial	$	(2,168)		$	(65)		$	(100)		$	(70)		$	(2,901)
Construction	(204)			—			(399)			—			—
Residential real estate:
1-to-4 family mortgage	(405)			(368)			(322)			(433)			(3)
Residential line of credit	(23)			—			—			—			—

Commercial real estate:
Owner occupied	—			—			—			—			(17)

Consumer and other	(1,233)			(1,385)			(888)			(951)			(972)
Total charge-offs	(4,033)			(1,818)			(1,709)			(1,454)			(3,893)
Recoveries
Commercial and industrial	101			159			12			173			42
Construction	25			—			—			—			—
Residential real estate:
1-to-4 family mortgage	8			13			6			11			9
Residential line of credit	—			—			11			1			—

Commercial real estate:
Owner occupied	13			8			4			9			21
Non-owner occupied	—			—			—			528			1
Consumer and other	405			200			246			251			503
Total recoveries	552			380			279			973			576
Net charge-offs	$	(3,481)		$	(1,438)		$	(1,430)		$	(481)		$	(3,317)
Annualized net charge-offs as a percentage of average loans HFI	0.11		%	0.05		%	0.05		%	0.02		%	0.14		%
Nonperforming assets
Loans past due 90 days or more and accruing interest	$	27,185		$	32,751		$	26,311		$	21,962		$	28,422
Nonaccrual loans	92,289			87,721			89,448			73,950			48,738
Total nonperforming loans HFI	119,474			120,472			115,759			95,912			77,160


Mortgage loans held for sale(a)	32,590			28,102			21,660			20,977			27,152

Other real estate owned	6,449			6,009			4,466			2,998			3,326
Other repossessed assets	3,518			3,564			3,314			3,151			2,791
Total nonperforming assets	$	162,031		$	158,147		$	145,199		$	123,038		$	110,429
Total nonperforming loans HFI as a percentage of loans HFI	0.96		%	0.97		%	0.94		%	0.97		%	0.79		%
Total nonperforming assets as a percentage of total assets	0.98		%	0.97		%	0.89		%	0.92		%	0.84		%
Total nonaccrual loans as a percentage of loans HFI	0.74		%	0.71		%	0.73		%	0.75		%	0.50		%

(a) Represents optional right to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days.


FB Financial Corporation						11


Selected Deposit Data

(Unaudited)
(Dollars in Thousands)

	As of
	Mar 2026					Dec 2025					Sep 2025					Jun 2025					Mar 2025





Deposits by market(a)
Metropolitan	$	6,304,307		45	%	$	6,020,095		43	%	$	5,766,856		42	%	$	5,359,974		47	%	$	5,390,434		48	%
Community	6,741,452			48	%	6,926,897			50	%	6,822,736			49	%	4,713,637			42	%	4,819,665			43	%
Brokered/wholesale	574,216			4	%	625,634			5	%	487,765			4	%	518,719			4	%	414,428			4	%
Escrow and other(b)	456,860			3	%	337,335			2	%	735,598			5	%	811,140			7	%	577,471			5	%
Total	$	14,076,835		100	%	$	13,909,961		100	%	$	13,812,955		100	%	$	11,403,470		100	%	$	11,201,998		100	%

Deposits by customer segment
Consumer	$	6,060,115		43	%	$	6,063,015		44	%	$	5,966,458		43	%	$	4,772,582		42	%	$	4,868,544		43	%
Commercial	6,155,874			44	%	6,162,221			44	%	6,045,418			44	%	4,835,968			42	%	4,695,923			42	%
Public	1,860,846			13	%	1,684,725			12	%	1,801,079			13	%	1,794,920			16	%	1,637,531			15	%
Total	$	14,076,835		100	%	$	13,909,961		100	%	$	13,812,955		100	%	$	11,403,470		100	%	$	11,201,998		100	%

Estimated insured or collateralized deposits	$	10,017,773				$	9,825,599				$	9,871,337				$	8,418,783				$	8,210,241





Estimated uninsured and uncollateralized deposits(c)	$	4,059,062				$	4,084,362				$	3,941,618				$	2,984,687				$	2,991,757

Estimated uninsured and uncollateralized deposits as a % of total deposits(c)	28.8		%			29.4		%			28.5		%			26.2		%			26.7		%

(a) Prior period amounts have been recast to reflect updated definitions of market categories.

(b) Includes deposits related to escrow balances from mortgage and specialty lending servicing portfolios and treasury/other deposits.

(c) Amounts are shown on a fully consolidated basis and exclude deposits of affiliates that are eliminated in consolidation.


FB Financial Corporation						12


Preliminary Capital Ratios
(Unaudited)
(Dollars in Thousands)


Computation of Tangible Common Equity to Tangible Assets:	March 31, 2026			December 31, 2025

Total Common Shareholders' Equity	$	1,973,873		$	1,948,165
Less:
Goodwill	350,353			350,353
Other intangibles	29,415			31,284
Tangible Common Equity	$	1,594,105		$	1,566,528

Total Assets	$	16,468,439		$	16,300,292
Less:
Goodwill	350,353			350,353
Other intangibles	29,415			31,284
Tangible Assets	$	16,088,671		$	15,918,655

Preliminary Total Risk-Weighted Assets	$	14,362,816		$	14,253,337

Total Common Equity to Total Assets	12.0		%	12.0		%
Tangible Common Equity to Tangible Assets*	9.91		%	9.84		%


	March 31, 2026			December 31, 2025
Preliminary Regulatory Capital:
Common Equity Tier 1 Capital	$	1,656,459		$	1,625,952
Tier 1 Capital	1,656,459			1,625,952
Total Capital	1,920,244			1,888,051

Preliminary Regulatory Capital Ratios:
Common Equity Tier 1	11.5		%	11.4		%
Tier 1 Risk-Based	11.5		%	11.4		%
Total Risk-Based	13.4		%	13.2		%
Tier 1 Leverage	10.4		%	10.3		%

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein.


FB Financial Corporation						13


Segment Data
(Unaudited)
(Dollars in Thousands)

	As of or for the Three Months Ended
	Mar 2026			Dec 2025			Sep 2025			Jun 2025			Mar 2025
Banking segment
Interest income	$	223,418		$	233,202		$	236,073		$	180,960		$	178,915
Interest expense	80,296			86,637			91,214			72,051			73,156
Net interest income	$	143,122		$	146,565		$	144,859		$	108,909		$	105,759
Provisions for credit losses	1,987			796			34,070			582			2,189

Noninterest income (loss)	13,962			15,207			13,078			(47,720)			10,660


Salaries, commissions and employee benefits	49,364			55,928			51,441			38,635			41,469
Merger and integration costs	1,447			4,611			16,057			2,734			401
Other noninterest expense	30,765			33,017			29,471			25,961			25,039
Pre-tax net contribution (loss) after allocations	$	73,521		$	67,420		$	26,898		$	(6,723)		$	47,321
Total assets	$	15,703,248		$	15,623,962		$	15,598,629		$	12,736,830		$	12,490,097

Efficiency ratio	51.9		%	57.8		%	61.4		%	110.0		%	57.5		%
Adjusted efficiency ratio*	50.9		%	53.5		%	50.6		%	52.8		%	56.5		%
Mortgage segment
Interest income	$	1,932		$	2,036		$	825		$	1,124		$	791
Interest expense	(911)			(1,203)			(1,556)			(1,382)			(1,091)
Net interest income	$	2,843		$	3,239		$	2,381		$	2,506		$	1,882
Provisions for loan losses	1,037			436			347			4,755			103
Mortgage banking income	12,253			13,505			13,484			13,029			12,426
Other noninterest income (loss)	160			83			73			139			(54)


Salaries, commissions and employee benefits	7,984			7,601			7,769			7,996			6,882
Other noninterest expense	5,604			6,391			5,118			5,935			5,758
Pre-tax net contribution (loss) after allocations	$	631		$	2,399		$	2,704		$	(3,012)		$	1,511
Total assets	$	765,191		$	676,330		$	637,830		$	617,408		$	646,352

Efficiency ratio	89.1		%	83.2		%	80.9		%	88.9		%	88.7		%
Adjusted efficiency ratio*	89.6		%	83.2		%	80.9		%	89.1		%	87.9		%










Interest rate lock commitments volume	$	490,265		$	385,516		$	432,149		$	456,720		$	381,777




Interest rate lock commitments pipeline (period end)	$	133,669		$	86,586		$	128,961		$	127,004		$	118,200




Mortgage loan sales	$	295,123		$	336,085		$	343,450		$	391,061		$	222,805
Gains and fees from origination and sale of mortgage loans held for sale	$	8,517		$	9,976		$	9,237		$	11,200		$	5,602
Net change in fair value of loans held for sale, derivatives, and other	1,008			(57)			801			(876)			2,816
Mortgage servicing income	6,580			6,668			6,836			6,936			7,077
Change in fair value of mortgage servicing rights, net of hedging	(3,852)			(3,082)			(3,390)			(4,231)			(3,069)
Total mortgage banking income	$	12,253		$	13,505		$	13,484		$	13,029		$	12,426
Mortgage sale margin(a)	2.89		%	2.97		%	2.69		%	2.86		%	2.51		%

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein.

(a) Calculated by dividing gains and fees from origination and sale of mortgage loans held for sale by total mortgage sales.


FB Financial Corporation						14


Non-GAAP Reconciliations

(Unaudited)
(Dollars in Thousands, Except Share Data)

	Three Months Ended
Adjusted net income	Mar 2026		Dec 2025		Sep 2025		Jun 2025		Mar 2025
Income (loss) before income taxes	$	74,152	$	69,819	$	29,602	$	(9,735)	$	48,832
Less gain (loss) from securities, net	1		64		12		(60,549)		16
Less (loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(320)		(131)		(646)		236		(625)
Less cash life insurance benefit	763		1,148		—		—		—

Plus initial provision for credit losses on acquired loans and unfunded commitments	—		—		28,366		—		—
Plus early retirement and severance costs	—		1,395		—		—		—
Plus loss on lease terminations and other branch closure costs	5		12		270		—		—
Plus certain nonrecurring charitable contributions	—		1,130		—		—		—

Plus merger and integration costs	1,447		4,611		16,057		2,734		401

Adjusted pre-tax net income	75,160		75,886		74,929		53,312		49,842
Less income tax expense, adjusted for items above(a)	16,889		14,392		17,323		3,778		9,734
Plus income tax benefit(b)	—		—		—		(8,713)		—
Adjusted net income	$	58,271	$	61,494	$	57,606	$	40,821	$	40,108
Weighted average common shares outstanding - fully diluted	52,203,469		53,074,753		53,957,062		46,179,090		47,024,211
Adjusted diluted earnings per common share
Diluted earnings per common share	$	1.10	$	1.07	$	0.43	$	0.06	$	0.84








Adjusted diluted earnings per common share	$	1.12	$	1.16	$	1.07	$	0.88	$	0.85






(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs (b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.


FB Financial Corporation						15


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands, Except Share Data)

	Three Months Ended
Adjusted pre-tax pre-provision net revenue	Mar 2026		Dec 2025		Sep 2025		Jun 2025		Mar 2025
Income (loss) before income taxes	$	74,152	$	69,819	$	29,602	$	(9,735)	$	48,832
Plus provisions for credit losses	3,024		1,232		34,417		5,337		2,292
Pre-tax pre-provision net revenue	77,176		71,051		64,019		(4,398)		51,124
Less gain (loss) from securities, net	1		64		12		(60,549)		16
Less (loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(320)		(131)		(646)		236		(625)
Less cash life insurance benefit	763		1,148		—		—		—

Plus early retirement and severance costs	—		1,395		—		—		—
Plus loss on lease terminations and other branch closure costs	5		12		270		—		—
Plus certain nonrecurring charitable contributions	—		1,130		—		—		—

Plus merger and integration costs	1,447		4,611		16,057		2,734		401
Adjusted pre-tax pre-provision net revenue	$	78,184	$	77,118	$	80,980	$	58,649	$	52,134



	Three Months Ended
Adjusted tangible net income	Mar 2026		Dec 2025		Sep 2025		Jun 2025		Mar 2025
Income (loss) before income taxes	$	74,152	$	69,819	$	29,602	$	(9,735)	$	48,832
Plus amortization of core deposit and other intangibles	1,869		1,932		2,079		631		656
Less gain (loss) from securities, net	1		64		12		(60,549)		16
Less (loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(320)		(131)		(646)		236		(625)
Less cash life insurance benefit	763		1,148		—		—		—

Plus initial provision for credit losses on acquired loans and unfunded commitments	—		—		28,366		—		—
Plus early retirement and severance costs	—		1,395		—		—		—
Plus loss on lease terminations and other branch closure costs	5		12		270		—		—
Plus certain nonrecurring charitable contributions	—		1,130		—		—		—

Plus merger and integration costs	1,447		4,611		16,057		2,734		401
Less income tax expense, adjusted for items above(a)	17,376		14,895		17,864		3,942		9,905
Plus income tax benefit(b)	—		—		—		(8,713)		—
Adjusted tangible net income	$	59,653	$	62,923	$	59,144	$	41,288	$	40,593
(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs. (b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.


FB Financial Corporation						16


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands)









	Three Months Ended
Adjusted efficiency ratio (tax- equivalent basis)	Mar 2026			Dec 2025			Sep 2025			Jun 2025			Mar 2025
Total noninterest expense	$	95,164		$	107,548		$	109,856		$	81,261		$	79,549



Less early retirement and severance costs	—			1,395			—			—			—
Less loss on lease terminations and other branch closure costs	5			12			270			—			—
Less certain nonrecurring charitable contributions	—			1,130			—			—			—

Less merger and integration costs	1,447			4,611			16,057			2,734			401
Adjusted noninterest expense	$	93,712		$	100,400		$	93,529		$	78,527		$	79,148
Net interest income	$	145,965		$	149,804		$	147,240		$	111,415		$	107,641
Net interest income (tax-equivalent basis)	146,774			150,642			148,088			112,236			108,427
Total noninterest income (loss)	26,375			28,795			26,635			(34,552)			23,032
Less gain (loss) from securities, net	1			64			12			(60,549)			16
Less (loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(320)			(131)			(646)			236			(625)
Less cash life insurance benefit	763			1,148			—			—			—



Adjusted noninterest income	25,931			27,714			27,269			25,761			23,641
Total revenue	$	172,340		$	178,599		$	173,875		$	76,863		$	130,673
Adjusted revenue (tax-equivalent basis)	$	172,705		$	178,356		$	175,357		$	137,997		$	132,068
Efficiency ratio	55.2		%	60.2		%	63.2		%	105.7		%	60.9		%
Adjusted efficiency ratio (tax-equivalent basis)	54.3		%	56.3		%	53.3		%	56.9		%	59.9		%


FB Financial Corporation						17


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands)

	Three Months Ended
Banking segment adjusted efficiency ratio (tax- equivalent)	Mar 2026			Dec 2025			Sep 2025			Jun 2025			Mar 2025
Banking segment noninterest expense	$	81,576		$	93,556		$	96,969		$	67,330		$	66,909
Less early retirement and severance costs	—			1,395			—			—			—
Less loss on lease terminations and other branch closure costs	5			12			270			—			—
Less certain nonrecurring charitable contributions	—			1,130			—			—			—

Less merger and integration costs	1,447			4,611			16,057			2,734			401
Banking segment adjusted noninterest expense	$	80,124		$	86,408		$	80,642		$	64,596		$	66,508
Banking segment net interest income	$	143,122		$	146,565		$	144,859		$	108,909		$	105,759
Banking segment net interest income (tax-equivalent basis)	143,931			147,403			145,707			109,730			106,545
Banking segment noninterest income (loss)	13,962			15,207			13,078			(47,720)			10,660
Less gain (loss) from securities, net	1			64			12			(60,549)			16


Less cash life insurance benefit	763			1,148			—			—			—
Less loss on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(409)			(131)			(646)			203			(497)
Banking segment adjusted noninterest income	13,607			14,126			13,712			12,626			11,141
Banking segment total revenue	$	157,084		$	161,772		$	157,937		$	61,189		$	116,419
Banking segment total adjusted revenue (tax- equivalent basis)	$	157,538		$	161,529		$	159,419		$	122,356		$	117,686
Banking segment efficiency ratio	51.9		%	57.8		%	61.4		%	110.0		%	57.5		%
Banking segment adjusted efficiency ratio (tax- equivalent basis)	50.9		%	53.5		%	50.6		%	52.8		%	56.5		%


FB Financial Corporation						18


Non-GAAP Reconciliations (continued)
Unaudited
(Dollars in Thousands)

	Three Months Ended
Mortgage segment adjusted efficiency ratio (tax- equivalent)	Mar 2026			Dec 2025			Sep 2025			Jun 2025			Mar 2025
Mortgage segment noninterest expense	$	13,588		$	13,992		$	12,887		$	13,931		$	12,640




Mortgage segment adjusted noninterest expense	$	13,588		$	13,992		$	12,887		$	13,931		$	12,640
Mortgage segment net interest income	$	2,843		$	3,239		$	2,381		$	2,506		$	1,882
Mortgage segment noninterest income	12,413			13,588			13,557			13,168			12,372
Less gain (loss) on sales or write-downs of premises and equipment, other real estate owned and other assets, net	89			—			—			33			(128)
Mortgage segment adjusted noninterest income	12,324			13,588			13,557			13,135			12,500
Mortgage segment total revenue	$	15,256		$	16,827		$	15,938		$	15,674		$	14,254
Mortgage segment adjusted total revenue	$	15,167		$	16,827		$	15,938		$	15,641		$	14,382
Mortgage segment efficiency ratio	89.1		%	83.2		%	80.9		%	88.9		%	88.7		%
Mortgage segment adjusted efficiency ratio (tax- equivalent basis)	89.6		%	83.2		%	80.9		%	89.1		%	87.9		%


FB Financial Corporation						19


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands, Except Share Data)

	As of
Tangible assets, common equity and related measures	Mar 2026			Dec 2025			Sep 2025			Jun 2025			Mar 2025
Tangible assets
Total assets	$	16,468,439		$	16,300,292		$	16,236,459		$	13,354,238		$	13,136,449
Less goodwill	350,353			350,353			350,353			242,561			242,561
Less intangibles, net	29,415			31,284			33,216			4,475			5,106
Tangible assets	$	16,088,671		$	15,918,655		$	15,852,890		$	13,107,202		$	12,888,782
Tangible common equity
Total common shareholders’ equity	$	1,973,873		$	1,948,165		$	1,978,043		$	1,611,130		$	1,601,962
Less goodwill	350,353			350,353			350,353			242,561			242,561
Less intangibles, net	29,415			31,284			33,216			4,475			5,106
Tangible common equity	$	1,594,105		$	1,566,528		$	1,594,474		$	1,364,094		$	1,354,295


Common shares outstanding	51,418,024			51,752,401			53,456,522			45,807,689			46,514,547
Book value per common share	$	38.39		$	37.64		$	37.00		$	35.17		$	34.44
Tangible book value per common share	$	31.00		$	30.27		$	29.83		$	29.78		$	29.12

Total common shareholders’ equity to total assets	12.0		%	12.0		%	12.2		%	12.1		%	12.2		%
Tangible common equity to tangible assets	9.91		%	9.84		%	10.1		%	10.4		%	10.5		%
On-balance sheet liquidity:
Cash and cash equivalents	$	1,157,763		$	1,155,895		$	1,280,033		$	1,165,729		$	794,706
Unpledged securities	637,182			649,000			608,716			547,354			703,117
Equity securities, at fair value	—			155			1,450			—			—
Total on-balance sheet liquidity	$	1,794,945		$	1,805,050		$	1,890,199		$	1,713,083		$	1,497,823
On-balance sheet liquidity as a percentage of total assets	10.9		%	11.1		%	11.6		%	12.8		%	11.4		%
On-balance sheet liquidity as a percentage of total tangible assets	11.2		%	11.3		%	11.9		%	13.1		%	11.6		%


FB Financial Corporation						20


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands)


	Three Months Ended
Adjusted return on average tangible common equity and related measures	Mar 2026			Dec 2025			Sep 2025			Jun 2025			Mar 2025
Average common shareholders’ equity	$	1,965,877		$	1,956,633		$	1,977,785		$	1,583,099		$	1,583,958
Less average goodwill	350,353			350,353			350,355			242,561			242,561
Less average intangibles, net	30,394			32,301			34,983			4,791			5,426
Average tangible common equity	$	1,585,130		$	1,573,979		$	1,592,447		$	1,335,747		$	1,335,971
Net income	$	57,526		$	56,977		$	23,375		$	2,909		$	39,361
Return on average common equity	11.9		%	11.6		%	4.69		%	0.74		%	10.1		%
Return on average tangible common equity	14.7		%	14.4		%	5.82		%	0.87		%	11.9		%
Adjusted tangible net income	$	59,653		$	62,923		$	59,144		$	41,288		$	40,593
Adjusted return on average tangible common equity	15.3		%	15.9		%	14.7		%	12.4		%	12.3		%












	Three Months Ended
Adjusted return on average assets, common equity and related measures	Mar 2026			Dec 2025			Sep 2025			Jun 2025			Mar 2025
Net income	$	57,526		$	56,977		$	23,375		$	2,909		$	39,361
Average assets	16,258,272			16,151,195			16,007,788			13,032,490			13,206,969
Average common equity	1,965,877			1,956,633			1,977,785			1,583,099			1,583,958
Return on average assets	1.43		%	1.40		%	0.58		%	0.09		%	1.21		%
Return on average common equity	11.9		%	11.6		%	4.69		%	0.74		%	10.1		%
Adjusted net income	$	58,271		$	61,494		$	57,606		$	40,821		$	40,108
Adjusted return on average assets	1.45		%	1.51		%	1.43		%	1.26		%	1.23		%
Adjusted return on average common equity	12.0		%	12.5		%	11.6		%	10.3		%	10.3		%













Adjusted pre-tax pre-provision net income	$	78,184		$	77,118		$	80,980		$	58,649		$	52,134
Adjusted pre-tax pre-provision return on average assets	1.95		%	1.89		%	2.01		%	1.81		%	1.60		%


FB Financial Corporation						21

April 14, 2026 2026 First Quarter Earnings Presentation

1 Forward–looking statements Certain statements contained in this Presentation that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company’s future plans, results, strategies, and expectations, including expectations around changing economic markets. These statements can generally be identified by the use of the words and phrases “may,” “will,” “should,” “could,” “would,” “goal,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target,” “aim,” “predict,” “continue,” “seek,” and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management’s current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward- looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on the Company’s business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) the Company’s ability to identify potential candidates for, consummate, and achieve synergies from acquisitions, including risks that cost savings and other synergies from completed or future mergers may not be realized (or may be less than or delayed from expectations), challenges in integrating acquired businesses, disruptions to customer, employee, or other relationships, diversion of management attention, and the ability to effectively manage larger or more complex operations post- transaction; (7) the Company’s ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss, (8) the Company’s ability to successfully execute its various business strategies, (9) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (10) the effectiveness of the Company’s controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (11) the Company’s dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (12) the impact, extent and timing of technological changes, (13) concentrations of credit or deposit exposure, (14) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (15) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (16) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward- looking statements contained herein can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in any of the Company’s subsequent filings with the SEC. Many of these factors are beyond the Company’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this Presentation, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. The Company qualifies all forward-looking statements by these cautionary statements.

2 Use of non-GAAP financial measures This Presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated and segment adjusted revenue, consolidated and segment adjusted noninterest expense and adjusted noninterest income, consolidated and segment adjusted efficiency ratio (tax-equivalent basis), adjusted return on average assets and equity, and adjusted pre-tax pre-provision return on average assets. Each of these non-GAAP metrics excludes certain income and expense items that the Company’s management considers to be adjusted in nature. The Company refers to these non-GAAP measures as adjusted measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, on-balance sheet liquidity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles. The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-adjusted gains and charges in the current and prior periods. The Company’s management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company’s underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company’s results to the results of other companies. However, the non- GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures. See the corresponding non-GAAP reconciliation tables below in this Presentation for additional discussion and reconciliation of these measures to the most directly comparable GAAP financial measures.

3 FirstBank receives JD Power award FirstBank ranked #1 for Retail Banking Customer Satisfaction in the South Central Region This award highlights FirstBank’s core values by ranking the Company as #1 in …. Trust People About the award: • JD Power 2026 Retail Banking Satisfaction StudySM • Feedback received from +100,000 retail banking customers across the U.S. • Measures satisfaction across multiple core dimensions of the banking experience • For JD Power 2026 award information, visit jdpower.com/awards “For our customers’ feedback to result in us ranking #1 is a significant honor. It demonstrates that our approach of pairing the latest in financial products and capabilities with a century of hometown heart truly sets the FirstBank experience apart.” Christopher Holmes, President and CEO

4 1Q 2026 Results 1 Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. Key highlights Earnings • Net income of $57.5 million or $58.3 million (adjusted)1 • Softer revenue on the shorter quarter & full impact of prior quarter rate cuts • Lower expenses drive increased operating leverage • Pre-tax pre-provision net revenue up ~8.5% or ~1.4% (adjusted)1 • Returns remain strong  ROATCE1 14.7% or 15.3% (adjusted)1 Balance Sheet • Loans HFI balances up ~4% annualized • Deposit balances up ~5% annualized • Momentum building with pipeline growth back half of 1Q Credit • ACL coverage ratio of 1.49% • Annualized net charge-offs of 0.11% Capital • Opportunistic share repurchase activity driven by late-quarter market volatility • Capital position remains strong – • Tangible Common Equity to Tangible Assets1 of 9.91% • CET 1 Ratio 11.5% and Total Risk-Based Capital 13.4% (preliminary) Reported Adjusted1 Diluted earnings per common share $ 1.10 $ 1.12 Pre-Tax Pre-Provision Net Revenue ($mm) $ 77.2 $ 78.2 Net interest margin (tax-equivalent basis) 3.94% 3.94% Efficiency Ratio 55.2% 54.3% Return on average assets 1.43% 1.45% Return on average tangible common equity1 14.7% 15.3%

5 1Q 2026 Earnings Quarter ended $ Change from $ in thousands, except per share data 1Q26 4Q25 1Q25 4Q25 1Q25 Total Revenue 172,340 178,599 130,673 (6,259) 41,667 Provision for credit losses 3,024 1,232 2,292 1,792 732 Noninterest Expense 95,164 107,548 79,549 (12,384) 15,615 Pre-tax income 74,152 69,819 48,832 4,333 25,320 Income tax expense 16,626 12,834 9,471 3,792 7,155 Noncontrolling Interest - 8 - (8) - Net income 57,526 56,977 39,361 549 18,165 Total non-gaap adjustments1 745 4,517 747 (3,772) (2) Adjusted net income2 58,271 61,494 40,108 (3,223) 18,163 Diluted earnings per share $ 1.10 $ 1.07 $ 0.84 $ 0.03 $ 0.26 Adjusted diluted earnings per share2 $ 1.12 $ 1.16 $ 0.85 ($ 0.04) $ 0.27 Non-GAAP Reconciliation $ in thousands 1Q26 Income before income taxes 74,152 Plus merger and integration costs 1,447 Less cash life insurance benefit 763 Less loss on sales or write-downs of premises and equipment, other real estate owned and other assets, net (320) Plus other items, net 4 Less income tax expense, adj for items above 16,889 Adjusted Net Income2 58,271 Net Income 57,526 Total non-gaap adjustments1 745 1 Non-GAAP financial measure; Represents the aggregate total of items that comprise the difference between Net Income and Adjusted Net Income. See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. • Pre-tax income up ~6% in 1Q 26 • Fewer days in the quarter drives a seasonal decline in Net Interest Income (NII) • Higher provision expense due to reserve build back on balance sheet growth and economic uncertainty • Expenses decreased in the quarter – • Lower personnel costs including moderating performance-based incentive expense • Lower merger and integration costs – no future costs expected from SSBK transaction

6 Driving shareholder value ¹ Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 1Q26 calculation is preliminary and subject to change. $2.57 $2.48 $2.45 $1.10 $3.01 $3.40 $3.99 $1.12 2023 2024 2025 2026 YTD Earnings per share Adjusted earnings per share Earnings per Share $14 $14 $20 $22 $25 $27 $30 $28 $31 $34 $38 $38 $12 $12 $15 $17 $19 $22 $25 $23 $26 $28 $30 $31 3Q16 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q 26 BVPS TBVPS 15.2% 14.7% 13.6% 13.2% 13.4% 1Q25 2Q25 3Q25 4Q25 1Q26 0.79% 0.97% 0.94% 0.97% 0.96% 1Q25 2Q25 3Q25 4Q25 1Q26 $52.1 $58.6 $81.0 $77.1 $78.2 1Q25 2Q25 3Q25 4Q25 1Q 26 Book Value per Share Total RBC Ratio2 NPLs / Total Loans HFIAdjusted ROATCE1Adjusted PPNR1 (in millions) 1 1 $1,354 $1,364 $1,594 $1,567 $1,594 12.3% 12.4% 14.7% 15.9% 15.3% 1Q25 2Q25 3Q25 4Q25 1Q 26 Tangible Common Equity Adj ROATCE11

7 Net Interest Margin $108.4 $112.2 $148.1 $150.6 $146.8 3.55% 3.68% 3.95% 3.98% 3.94% 1Q25 2Q25 3Q25 4Q25 1Q26 FTE NII / NIM Trend ($ millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 4Q25 Net Interest Income 150,642 Impact of loan & deposit rate changes 81 Impact of loan volume changes 771 Impact of deposit volume changes (657) Impact of rate & volume change on cash (668) Impact of day count (3,257) Impact of all other changes (139) 1Q26 Net Interest Income 146,774 • NII lower in the quarter driven by day count and the first full quarter’s impact of 4Q benchmark interest rate cuts • Net interest margin (NIM) impacted by lower loan yields and the larger balance sheet • Accretion on purchased loans contributed ~$6.3 million or 17 bps to NIM in 1Q

8 Noninterest Income & Expense $79.5 $107.5 $95.2 60.9% 60.2% 55.2% 1Q25 4Q25 1Q26 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $79.1 $100.4 $93.7 59.9% 56.3% 54.3% 1Q25 4Q25 1Q26 Adj. Noninterest Expense ($ millions) Adj. Noninterest Expense Adj. Efficiency Ratio $23.0 $28.8 $26.4 $23.6 $27.7 $25.9 1Q25 4Q25 1Q26 Noninterest Income ($ millions) Noninterest Income Adj. Noninterest Income Highlights 1 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 1 1 1 Noninterest income: • Day count impacts core fees such as mortgage, atm/interchange, etc. • Mortgage income down ~$1.3 mm, partially due to increased market volatility and uncertainty • Decrease in BOLI income of ~$400k, as 4Q included a non-recurring benefit payment • Service charges and swap fees up during the quarter Noninterest expense: • Personnel costs down with a return to normalized incentive levels • Lower merger & integration costs in the period – with no further costs expected • Decreases also noted in Legal & Professional, Data Processing, and Marketing

9 Loans HFI $9.77 $9.87 $12.30 $12.38 $12.50 6.41% 6.44% 6.75% 6.64% 6.51% 1Q 25 2Q25 3Q25 4Q25 1Q26 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 15% 1-4 family HELOC 6% Multifamily 6% C&D 9% CRE 23% C&I 36% Other 5% Portfolio Mix $12.5 Billion 1 C&I includes owner-occupied CRE. 2 Excludes owner-occupied CRE. Note: Loan yield shown above includes a tax-equivalent adjustment using combined federal and blended state statutory income tax rate of 26.06%. 1 2 • Ending Loan HFI balances were $12.5 billion, up $120 million in the quarter or ~4% annualized • Key growth categories include – • Commercial & Industrial loans up $57mm • CRE Owner-Occupied loans up $56mm • Resi Mortgage loans & HELOCs up $18mm and $27mm, respectively • Lower loan yields a result of repricing of variable rate loans into lower overall benchmark interest rates during the period

10 Office 17% Retail 20% Hotel 18% Warehouse/Industrial 20% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 6% Other 8% Residential Development 33% Commercial 35% Consumer 23% Multifamily 9% Construction 25% Land 5% Lots 3% Diversified loan portfolio CRE2 exposure by type Note: Data as of March 31, 2026. 1 C&I includes owner-occupied CRE. 2 Excludes owner-occupied CRE. 3Includes certain “assignment of catalog” lending which pertains to a security interest in a borrower’s intellectual property, at FirstBank this most notably applies to music catalogs. C&D exposure by type C&I1 Exposure by Industry ($ millions) Industry C&I CRE-OO Total % of Total Real estate rental and leasing $313 $269 $582 13% Retail trade 115 406 521 12% Manufacturing 251 258 509 12% Other services (except public administration) 76 274 350 8% Finance and insurance 307 18 325 7% Health care and social assistance 54 227 281 6% Wholesale trade 183 94 277 6% Accommodation and food services 74 198 272 6% Construction 174 90 264 6% Information3 181 13 194 4% Transportation and warehousing 104 87 191 4% Professional, scientific and technical services 118 65 183 4% Arts, entertainment and recreation 64 64 128 3% Administrative and support and waste management and remediation services 73 37 110 3% Other 152 105 257 6% Total $2,239 $2,205 $4,444 100% Land 18% Office 3% Other 14% Construction 15% Land 8%

11 Nashville 39% Memphis 6%Knoxville 3% Huntsville 6% Birmingham 14% Chattanooga 1% Other 10% Communities 21% Class A 21% Class B 44% Class C 12% Under $2 Million 23% Office exposure Geographic exposure Note: Data as of March 31, 2026. Data is only non-owner occupied CRE & C&D loans. Data excludes medical office buildings. Credit detail by class Class Outstanding ($mm) Avg. Balance ($mm) Wtd. Avg. LTV Wtd. Avg Occupancy Class A > $2 million $108.4 $7.2 57.5% 93.0% Class B > $2 million 227.7 5.6 63.5% 80.3% Class C > $2 million 64.9 5.9 64.3% 83.5% Total > $2 million $401.0 $6.0 62.0% 84.3% Total < $2 million 121.4 0.6 N/A N/A Total Office $522.4 $1.9 N/A N/A Exposure by class • Office loans as of 1Q26 – • Represent ~4% of total Loans HFI population • 99% of portfolio is pass rated and current • 16% of portfolio matures by year-end 2026 • 52% fixed rate & 48% floating rate • Continuous monitoring of office loans greater than $2 million shows minimal concerns • Projects generally characterized by 25-30% cash equity requirement, loan to value maximums of 70%-75% at origination, and requests for guarantors

12 Valuable deposit base Cost of deposits 19.3% 19.2% 19.5% 18.9% 18.9% 2.54% 2.48% 2.53% 2.40% 2.27% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 1Q25 2Q25 3Q25 4Q25 1Q26 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by customer segment ($billions) • Deposit balances ended at $14.1 billion, up $167 million or ~5% annualized • Customer deposits up ~3% annualized – led by growth in CDs, Savings, and seasonal Public Funds • 4Q deposit repricing drove decline in cost of funds and led to declines in rate-sensitive money market balances Highlights Noninterest -bearing checking 19% Interest- bearing checking 19% Money market & savings 42% Time 20% 38% Checking accounts 1Q26 Deposit composition $4.9 $4.8 $6.0 $6.1 $6.1 $4.7 $4.8 $6.0 $6.2 $6.1 $1.6 $1.8 $1.8 $1.7 $1.9 $11.2 $11.4 $13.8 $14.0 $14.1 1Q25 2Q25 3Q25 4Q25 1Q26 Consumer Commercial Public Total

13 Asset Quality Metrics 0.63% 0.76% 0.76% 0.80% 0.78% 0.21% 0.16% 0.13% 0.17% 0.20% 0.84% 0.92% 0.89% 0.97% 0.98% 1Q25 2Q25 3Q25 4Q25 1Q26 Nonperforming Assets / Total Assets Other NPAs Optional GNMA repurchase • Higher charge-off levels during the quarter a result of unique borrower situations, not broader economic themes • Underlying credit quality remains solid with stable nonperforming loan and asset ratios • Reserve levels remain adequate and relatively stable $150.5 $148.9 $185.0 $186.0 $186.3 1.54% 1.51% 1.50% 1.50% 1.49% 1Q25 2Q25 3Q25 4Q25 1Q26 Allowance for Credit Losses & Coverage Ratio ($ millions) ACL ACL Coverage Ratio 13Q25 provision expense includes the impact of day one provision for non-PCD acquired loans and unfunded commitments. 2Includes other real estate owned and repossessed assets–see page 13 of the 1Q26 Financial Supplement. Highlights 2 $2,292 $5,337 $34,417 $1,232 $3,024 0.14% 0.02% 0.05% 0.05% 0.11% 1Q25 2Q25 3Q25 4Q25 1Q26 Provision for Credit Losses & Net Charge Offs ($ thousands) Provision for Credit Losses NCO Ratio (ann.) 1

14 1.54% 0.87% 1.31% 0.89% 2.51% 1.76% 1.60% 1.82% 3.59% 1.50% 1.11% 1.25% 1.01% 2.16% 1.64% 1.81% 1.43% 3.49% 1.49% 1.14% 1.22% 1.00% 2.34% 1.45% 1.79% 1.37% 3.29% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC Consumer & Other 1Q25 4Q25 1Q26 Allowance Modeling & Reserve Allocation ACL on loans HFI / Loans HFI by category • In 1Q equities and broader markets were noticeably more volatile due to geopolitical events and a sharp increase in oil prices • Economic forecasts include consideration of these events at varying levels • Certain macro economic forecast variables were still improved compared to the 4Q outlook • 1.49% ACL coverage ratio at period end Key forecast inputs1 2Q26 3Q26 4Q26 1Q27 National Unemployment Rate 4.5 4.5 4.5 4.5 CRE Price Index 1.4 1.4 1.4 1.4 National Housing Price Index 0.15 0.69 0.23 -0.01 Prime Rate 6.1 5.9 5.6 5.6 1 Source: Moody’s “March 2026 U.S. Macroeconomic Outlook Baseline Scenario”, with the exception of the National Housing Price Index which also incorporates components of the Mortgage Bankers Association Mortgage Finance Forecast.

15 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 86% Subordinated Notes 5% Tier 2 ACL 9% Total regulatory capital: $1,920 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 1Q26 calculation is preliminary and subject to change. 3 Includes capacity from internal policy and does not include loans held at the REIT that could be pledged for additional capacity. On-balance sheet liquidity ($mm) $1,498 $1,713 $1,890 $1,805 $1,795 11.6% 13.1% 11.9% 11.3% 11.2% 1Q25 2Q25 3Q25 4Q25 1Q26 On-balance sheet liquidity On-balance sheet liquidity / tangible assets Capital Position 1Q25 4Q25 1Q26 Shareholder’s Equity/Assets 12.2% 12.0% 12.0% TCE/TA1 10.5% 9.84% 9.91% Common Equity Tier 12 12.8% 11.4% 11.5% Tier 1 Risk-Based2 13.1% 11.4% 11.5% Total Risk-Based2 15.2% 13.2% 13.4% AOCI Adjusted Ratios:1,2 Adj. Common Equity Tier 1 11.3% Adj. Total Risk-Based 13.2% 1 • Capital and liquidity levels remain strong and well- above required regulatory thresholds • Executed ~$22 million in share buy backs in 1Q 26 • Securities portfolio makes up 9% of total assets and does not include any HTM securities • 1Q26 available sources of liquidity – • $1.8 billion on-balance sheet • $8.6 billion total other sources3

16 Mortgage results 2.51% 2.86% 2.69% 2.97% 2.89% 1Q25 2Q25 3Q25 4Q25 1Q26 Interest rate lock commitment volume ($mm) Mortgage gain on sale margin $329 $402 $342 $279 $366 $53 $55 $90 $107 $124 $382 $457 $432 $386 $490 1Q25 2Q25 3Q25 4Q25 1Q26 Purchase Refinance Highlights Mortgage Banking Segment ($ thousands) 1Q25 4Q25 1Q26 Total Revenue $ 14,254 $ 16,827 $ 15,256 Provision for loan losses 103 436 1,037 Noninterest expense 12,640 13,992 13,588 Pre-tax net contribution after allocations 1,511 2,399 631 Total Assets 646,352 676,330 765,191 Efficiency Ratio 88.7% 83.2% 89.1% Core Efficiency Ratio1 87.9% 83.2% 89.6% 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. • Mortgage segment pre-tax net contribution of $631 thousand • Rate lock activity up in the quarter including ~$134 million in pipeline at quarter end • Economic uncertainty set in during the back half of the quarter slowing deal flow and close timelines, leading to lower segment revenue

17 Appendix

18 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share

19 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share

20 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue

21 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue

22 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income

23 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income

24 GAAP reconciliations and use of non-GAAP financial measures Adjusted total risk-based capital

25 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)

26 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)

27 GAAP reconciliations and use of non-GAAP financial measures Banking segment core efficiency ratio (tax-equivalent basis)

28 GAAP reconciliations and use of non-GAAP financial measures Mortgage segment core efficiency ratio (tax-equivalent basis)

29 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures

30 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures

31 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures

32 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures

33 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures

34 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures

Source: View Original Filing on SEC EDGAR

FAQ

How did FBK perform financially in Q1 2026?

FB Financial reported net income of $57.5 million and diluted EPS of $1.10 in Q1 2026. Total revenue reached $172.3 million, up 31.9% year over year, reflecting stronger net interest income and solid noninterest income contributions.

What were FBK’s key balance sheet figures for Q1 2026?

At March 31, 2026, FB Financial had $16.47 billion in total assets, $12.50 billion in loans held for investment, and $14.08 billion in total deposits. Noninterest-bearing deposits were $2.66 billion, and the loans-to-deposits ratio was 88.8%.

How did FBK’s net interest margin and deposit costs change in Q1 2026?

Net interest margin on a tax-equivalent basis was 3.94% in Q1 2026, up from 3.55% a year earlier. The cost of total deposits decreased to 2.27% from 2.54%, reflecting lower funding costs after prior federal funds rate reductions.

What was FBK’s credit quality like in Q1 2026?

Credit quality remained sound. Annualized net charge-offs were 0.11% of average loans HFI, nonperforming loans were 0.96% of total loans HFI, and nonperforming assets were 0.98% of total assets. The allowance for credit losses on loans HFI was 1.49%.

How strong is FBK’s capital position after Q1 2026?

FB Financial reported a common equity Tier 1 ratio of 11.5%, total risk-based capital ratio of 13.4%, and tangible common equity to tangible assets of 9.91%. Book value per common share was $38.39, and tangible book value per share was $31.00.

Did FBK repurchase any shares during Q1 2026?

Yes. FB Financial repurchased 426,983 shares during the first quarter of 2026. Despite these repurchases, total common shareholders’ equity increased to $1.97 billion, and tangible book value per common share rose to $31.00.

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FB Financial (NYSE: FBK) posts strong Q1 2026 growth with EPS $1.10 and solid credit

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FAQ

How did FBK perform financially in Q1 2026?

What were FBK’s key balance sheet figures for Q1 2026?

How did FBK’s net interest margin and deposit costs change in Q1 2026?

What was FBK’s credit quality like in Q1 2026?

How strong is FBK’s capital position after Q1 2026?

Did FBK repurchase any shares during Q1 2026?

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FB Financial (NYSE: FBK) posts strong Q1 2026 growth with EPS $1.10 and solid credit

Rhea-AI Filing Summary

Positive

Negative

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Banking sector earnings analyst positive

8-K Event Classification

Key Figures

Key Terms

Earnings Snapshot

FAQ

How did FBK perform financially in Q1 2026?

What were FBK’s key balance sheet figures for Q1 2026?

How did FBK’s net interest margin and deposit costs change in Q1 2026?

What was FBK’s credit quality like in Q1 2026?

How strong is FBK’s capital position after Q1 2026?

Did FBK repurchase any shares during Q1 2026?

Filing Exhibits & Attachments

Press Releases

Other Documents