FB Financial (NYSE: FBK) highlights loan, deposit growth and solid capital in 2Q26 deck
Rhea-AI Filing Summary
FB Financial Corporation furnished an investor presentation in connection with its July 28, 2026 appearance at the Keefe, Bruyette & Woods Summer Bank Conference, providing updated franchise and financial metrics as of June 30, 2026.
The company reports $16.8 billion in total assets, $13.1 billion of loans and $14.3 billion of deposits, served through 90 full‑service branches and over 1,600 employees. Loans held for investment reached about $12.9 billion, up $362 million in the quarter, or 11.6% annualized. Fully taxable‑equivalent net interest income was $149.8 million in 2Q26, with net interest margin at 3.95%.
Customer deposits grew at an annualized rate of 7.70%, with noninterest‑bearing balances at 19.3% of deposits and a total deposit cost of 2.26%. Credit quality indicators include an annualized net charge‑off ratio near 0.06% and an Allowance for Credit Losses of $194.0 million, covering 1.51% of loans. Regulatory capital ratios are described as well above required thresholds, including a Common Equity Tier 1 ratio of 11.0%, a total risk‑based capital ratio of 12.9%, and on‑balance sheet liquidity of about $1.81 billion, or 11.0% of tangible assets, alongside share repurchases of roughly 3% of shares outstanding in the quarter.
Positive
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Filing Explained
This 8-K furnishes FB Financial Corporation’s presentation for the July 28 KBW conference; the presentation is expressly not deemed “filed,” and its 2Q26 calculation is preliminary, so the disclosure provides conference information rather than documenting a completed company transaction.
8-K Event Classification
2 items: 7.01, 9.01
2 items
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
Total assets: $16.8 billion
Loans held for investment: $12.9 billion
Total deposits: $14.3 billion
+5 more
8 metrics
Total assets
$16.8 billion
As of June 30, 2026 (2Q26) for FB Financial Corporation
Loans held for investment
$12.9 billion
Ending balance in 2Q26, up $362 million in the quarter, or 11.6% annualized
Total deposits
$14.3 billion
Customer deposits across 90 full‑service branches as of 2Q26
Net interest income
$149.8 million
Fully taxable‑equivalent net interest income in 2Q26; net interest margin 3.95%
Deposit cost
2.26%
Cost of total deposits in 2Q26; noninterest‑bearing deposits 19.3% of total
Allowance for Credit Losses
$194.0 million
ACL balance at 2Q26, covering 1.51% of loans held for investment
Common Equity Tier 1 ratio
11.0%
Regulatory Common Equity Tier 1 capital ratio at June 30, 2026
On-balance sheet liquidity
$1,810 million
On-balance sheet liquidity in 2Q26, equal to 11.0% of tangible assets
Key Terms
adjusted efficiency ratio (tax-equivalent basis), Allowance for Credit Losses, Net interest margin, Common Equity Tier 1, +1 more
5 terms
adjusted efficiency ratio (tax-equivalent basis) financial
"Adjusted efficiency ratio (tax-equivalent basis) is reconciled in the appendix"
Allowance for Credit Losses financial
"Allowance for Credit Losses reached $194.0 million with 1.51% coverage"
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.
Net interest margin financial
"Net interest margin was 3.95% in 2Q26 alongside higher net interest income"
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.
Common Equity Tier 1 financial
"Common Equity Tier 1 ratio was 11.0% at June 30, 2026"
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.
nonperforming assets financial
"Nonperforming assets as a percentage of total assets are disclosed by quarter"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What event is FB Financial (FBK) disclosing in this 8-K?
FB Financial is disclosing that management will present at the Keefe, Bruyette & Woods Summer Bank Conference on July 28, 2026 and has furnished a detailed 2026 Third Quarter Investor Presentation as Exhibit 99.1, also made available on its investor relations website.
How large is FB Financial (FBK) based on the latest figures?
FB Financial reports $16.8 billion in total assets as of June 30, 2026, supported by $13.1 billion in loans and $14.3 billion in deposits. The franchise includes 90 full‑service branches and more than 1,600 employees across Tennessee, Alabama, Georgia and Kentucky.
How did FB Financial’s (FBK) loans and net interest income trend in 2Q26?
Loans held for investment reached about $12.9 billion, up $362 million in the quarter, or 11.6% annualized. Fully taxable‑equivalent net interest income increased to $149.8 million, while the net interest margin held at 3.95%, helped by loan growth and stable contractual loan rates.
What does the 2Q26 presentation show about FB Financial’s (FBK) deposit base?
Total deposits were $14.3 billion in 2Q26, with noninterest‑bearing balances comprising 19.3% of deposits. The company reports deposit balances growing at a 7.70% annualized rate in the quarter and a total deposit cost of 2.26%, with brokered deposits described as minimal.
What are FB Financial’s (FBK) key credit quality and reserve metrics?
The company reports an annualized net charge‑off ratio near 0.06% for 2Q26 and an Allowance for Credit Losses of $194.0 million, representing 1.51% of loans. Nonperforming assets are discussed by category, with increases linked to a small number of lending relationships.
How strong is FB Financial’s (FBK) capital and liquidity position?
Regulatory capital ratios are described as well above requirements, including a Common Equity Tier 1 ratio of 11.0% and a total risk‑based capital ratio of 12.9%. On‑balance sheet liquidity totals about $1.81 billion, or 11.0% of tangible assets, with share repurchases of roughly 3% of shares.
How is FB Financial’s (FBK) mortgage segment performing?
In 2Q26 the mortgage segment generated a pre‑tax net contribution of about $1.6 million. Segment revenue declined modestly, which management links to market volatility and higher rates, while lower personnel costs improved noninterest expense and the segment’s reported efficiency ratio.
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): July 27, 2026
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(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 | ||||||||||||
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 7.01. Regulation FD Disclosure.
On Tuesday, July 28, 2026, members of the management team of FB Financial Corporation (the “Company”) will be presenting at the Keefe, Bruyette & Woods Summer Bank Conference (the “KBW Conference”). A copy of the slide presentation to be used by the Company at the KBW Conference is furnished as Exhibit 99.1 to this Current Report on Form 8-K. The slide presentation is also available on the Company’s website at: https://investors.firstbankonline.com/event.
The information contained in this Item 7.01 and in Exhibit 99.1 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 filings made by the Company pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. The furnishing of this information hereby shall not be deemed an admission as to the materiality of any such information.
Item 9.01. Financial Statements and Exhibits.
| Exhibit No. | Description of Exhibit | |||||||
99.1 | Presentation by FB Financial Corporation | |||||||
| 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
Date: July 27, 2026
July 28, 2026 2026 Third Quarter Investor 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. Forward-looking statements represent the Company’s current expectations, plans or forecasts of its or its business segments’ future results, which may include, among other measures, revenue, liquidity, net interest income, other income, provision for credit losses, expenses, operating leverage, effective tax rate, efficiency ratio, capital measures, deposits and assets, as well as strategy, future business and economic conditions more generally, and other future matters. 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 acquisitions 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 to 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, and changes in accounting standards, (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, including the adoption and use of artificial intelligence and other emerging technologies, (13) concentrations of credit or deposit exposure, (14) the impact of natural disasters, pandemics, acts or escalation of war or acts of 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, (16) the Company's ability to attract, and retain key employees in a competitive labor market, (17) the Company's ability to access capital and liquidity on terms acceptable to us, and/or (18) 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 its analysis of the Company’s performance, financial condition and the efficiency of the Company’s operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of the Company’s operating performance as these non-GAAP financial measures 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 the Appendix to this Presentation for additional discussion and reconciliation of these measures to the most directly comparable GAAP financial measures.
3 FB Financial today Note: Figures presented are as of June 30, 2026. FirstBank Franchise Map Not pictured: Mortgage Only Location in Fair Hope, Alabama. 1906 Founded in Scotts Hill, TN $16.8 Billion in Total Assets as of 2Q26 90 Full-Service Branch locations throughout TN, AL, GA, and KY Headquartered in Nashville, TN Over 1,600 teammates across the Southeast $16.8 B Assets $13.1 B Loans $14.3 B Deposits Not pictured: Mortgage Only Location in Fair Hope, Alabama.
4 Company Overview Community Bank •Chartered in 1906, one of the longest continually operated banks in Tennessee •Local decision-making model deployed across our footprint Strong market • Franchise spanning both Metro & Community markets across the Southeast • Number 6 market share in Nashville MSA; top 10 in 7 additional MSAs throughout our footprint1 Customer Focused Great place to work • JD Power award winning customer satisfaction •Ranked #1 for Retail Banking Customer Satisfaction in the South Central Region •Awarded “Top Workplaces” by the Tennessean •Named one of American Bankers “Best Places to Work” Growing Franchise • Favorable geography in the Southeastern US • Recent merger with ~$3B Southern States Bancshares, Inc. 1 Source: S&P Global. Market data is as of June 30, 2025 and is presented on a pro forma basis for announced acquisitions since June 30, 2025.
5 Strategic drivers Highly Motivated Executive Management Team Great Place to Work Strong Financial Performer Empowered Teams Across Attractive Metro & Community Markets Proven Opportunistic Acquirer with Scalable Platforms and Technology
6 Recent Corporate History • Market expansion into Asheville, NC and Tuscaloosa, AL • Completed 2 securities portfolio restructure transactions totaling $526M sold and reinvested at a weighted average yield improvement of ~3.3% • Continued focus on operating efficiency measures resulting in an adjusted efficiency ratio1 of 54.6% in 4Q24, down from 61.7% in 4Q23 • Well-positioned with a strong balance sheet, evidenced by strong capital ratios: • 12.8% CET1 • 15.2% RBC 2024 2025 2026 • Closed merger with Southern States Bancorp Inc. (“SSBK”) • About SSBK: • Headquarters: Anniston, AL • Previously publicly traded as SSBK on the NASDAQ • Geography: East Alabama & West Georgia • 15 branches & 2 LPOs • $2.9 billion in Total Assets • Deal closed & systems converted in 3Q25 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 2021 2023 2024 20252022 2026 YTD 1.52% 16.9% $12.6 bn Adj ROAA1 Adj ROATCE1 Total Assets 1.12% 12.9% $12.8 bn 1.11% 12.8% $12.6 bn 1.25% 12.9% $13.2 bn 1.37% 14.0% $16.3 bn 1.45% 15.1% $16.8 bn Adj ROAA1 Adj ROATCE1 Total Assets Adj ROAA1 Adj ROATCE1 Total Assets Adj ROAA1 Adj ROATCE1 Total Assets Adj ROAA1 Adj ROATCE1 Total Assets Adj ROAA1 Adj ROATCE1 Total Assets 1Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein.
7 Growing market share Growing deposit franchise 1Source: S&P Global. Market data is as of June 30, 2024 and is presented on a pro forma basis for announced acquisitions since June 30, 2024. 2Source: S&P Global. Market data is as of June 30, 2025 and is presented on a pro forma basis for announced acquisitions since June 30, 2025. 3Source: S&P Global. FBK Footprint is based on weighted average demographics of MSAs and counties not located in MSAs with weightings based on deposits in each market as of June 30, 2025. (P) represents projected information. 3.6% 6.4% 9.0% U.S. FBK Footprint Nashville Population change3 2020 - 2026 2.6% 4.2% 5.7% U.S. FBK Footprint Nashville Population Change (P)3 2026 - 2031 11.3% 11.7% 14.7% U.S. FBK Footprint Nashville Household Income Change (P)3 2026 - 2031 • 90 full-service branches • $14.3 billion deposits • Well-positioned in desirable markets • Attractive footprint and favorable geography Previous1 Nashville 6th Chattanooga 5th Knoxville 9th Jackson, TN 3rd Bowling Green, KY 7th Birmingham, AL 21st Huntsville, AL 21st Memphis, TN 28th Florence, AL 9th Current2 Nashville 6th Chattanooga 5th Knoxville 9th Jackson, TN 3rd Auburn/Opelika, AL 5th Columbus, GA 4th Bowling Green 8th Birmingham, AL 16th Huntsville, AL 16th Memphis, TN 28th Atlanta, GA 23rd Green = change since previous market share reporting. Deposit Market Share
8 Driving shareholder value ¹ Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 2Q26 calculation is preliminary and subject to change. $2.57 $2.48 $2.45 $2.24 $3.01 $3.40 $3.99 $2.26 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 $39 $12 $12 $15 $17 $19 $22 $25 $23 $26 $28 $30 $31 3Q16 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2Q 26 BVPS TBVPS 14.7% 13.6% 13.2% 13.4% 12.9% 2Q25 3Q25 4Q25 1Q26 2Q26 $58.6 $81.0 $77.1 $78.2 $83.6 2Q25 3Q25 4Q25 1Q26 2Q26 Book Value per Share Total RBC Ratio2 NPLs / Total Loans HFIAdjusted ROATCE1Adjusted PPNR1 (in millions) 1 1 $1,364 $1,594 $1,567 $1,594 $1,559 12.4% 14.7% 15.9% 15.3% 15.0% 2Q25 3Q25 4Q25 1Q26 2Q26 Tangible Common Equity Adj ROATCE11 0.97% 0.94% 0.97% 0.96% 1.17% 2Q25 3Q25 4Q25 1Q26 2Q26
9 Net Interest Margin $112.2 $148.1 $150.6 $146.8 $149.8 3.68% 3.95% 3.98% 3.94% 3.95% 2Q25 3Q25 4Q25 1Q26 2Q26 FTE NII / NIM Trend ($ millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 1Q26 Net Interest Income 146,774 Impact of changes in loans 4,188 Impact of changes in deposits (24) Impact of change in cash (1,472) Impact of change in loan accretion (1,248) Impact of day count 1,622 Impact of all other changes (52) 2Q26 Net Interest Income 149,788 • ~$3mm increase in net interest income in the quarter • Loan growth paired with stable contractual loan rates drove higher interest income • ~$1.6mm benefit from 1 additional day in the quarter • Lower cash balances supporting loan growth and reduced loan accretion partially offset gains in the quarter
10 Noninterest Income & Expense $81.3 $95.2 $91.5 105.7% 55.2% 52.3% 2Q25 1Q26 2Q26 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $78.5 $93.7 $91.4 56.9% 54.3% 52.0% 2Q25 1Q26 2Q26 Adj. Noninterest Expense ($ millions) Adj. Noninterest Expense Adj. Efficiency Ratio $(34.5) $26.4 $25.8 $25.8 $25.9 $26.2 1Q26 2Q26 Noninterest Income ($ 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: • ~$1.1mm decrease in mortgage banking income driven by lower lock volumes due to continued market volatility and uncertainty • Incremental increase in service charges, interchange fees, and trust income in the quarter • 2Q25 includes securities loss of ~$60 million Noninterest expense: • Lower expenses in the quarter and improved efficiency ratio • Decrease led by lower personnel costs in the quarter • 1Q finalization of M&I expenses, no such expenses in 2Q • Marginal increases in Software & Marketing costs • Lower expense base in 2Q25 (pre-SSBK merger) 2Q25
11 Loans HFI $9.87 $12.30 $12.38 $12.50 $12.87 6.44% 6.75% 6.64% 6.51% 6.48% 2Q25 3Q25 4Q25 1Q26 2Q26 Loans HFI / Total Yield ($ 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 $12.9 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 • Total Loans HFI up $362 million, or 11.6% annualized • Ending Loan HFI balances were $12.9 billion • Key loan growth categories include – +$147 million in CRE-NOO +$146 million in Resi RE +$61 million 1-4 family mortgage +$51 million multi-family mortgage +$35 million residential line of credit +$48 million in CRE-OO +$21 million in C&I • Loan yields down slightly on lower loan accretion, while contractual rates remained stable
12 Office 17% Retail 19% Hotel 17% Warehouse/Industrial 22% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 6% Other 8% Residential Development 33% Commercial 39% Consumer 21% Multifamily 7% Construction 25% Land 5% Lots 3% Diversified loan portfolio CRE2 exposure by type Note: Data as of June 30, 2026. 1 C&I includes owner-occupied CRE. 2 Excludes owner-occupied CRE. 3Includes certain “assignment of catalog” lending which pertains to a security interest in a borrower’s intellectual property, at FirstBank this most notably applies to music catalogs. C&D exposure by type C&I1 Exposure by Industry ($ millions) Industry C&I CRE-OO Total % of Total Real estate rental and leasing $316 $269 $585 13% Retail trade 109 420 529 12% Manufacturing 237 263 500 11% Other services (except public administration) 89 272 361 8% Finance and insurance 341 18 359 8% Health care and social assistance 52 235 287 6% Wholesale trade 193 94 287 6% Construction 187 91 278 6% Accommodation and food services 73 200 273 6% Transportation and warehousing 119 94 213 5% Professional, scientific and technical services 123 60 183 4% Arts, entertainment and recreation 74 65 139 3% Information3 111 12 123 3% Administrative and support and waste management and remediation services 88 34 122 3% Other 148 126 274 6% Total $2,260 $2,253 $4,513 100% Land 20% Self Storage 3% Other 14% Construction 14% Land 7% Office 2%
13 Nashville 40% Memphis 5%Knoxville 3%Huntsville 6% Birmingham 14% Chattanooga 1% Other 7% Atlanta 12% Communities 12% Class A 22% Class B 44% Class C 12% Under $2 Million 22% Office exposure Geographic exposure Note: Data as of June 30, 2026. Data is only non-owner occupied CRE & C&D loans. Data excludes medical office buildings. Credit detail by class Class Outstanding ($mm) Avg. Balance ($mm) Wtd. Avg. LTV Wtd. Avg Occupancy Class A > $2 million $114.7 $8.2 57.5% 88.9% Class B > $2 million 236.1 5.6 63.3% 80.4% Class C > $2 million 61.6 6.2 64.1% 82.7% Total > $2 million $412.4 $6.2 61.8% 83.1% Total < $2 million 118.5 0.6 N/A N/A Total Office $530.9 $1.9 N/A N/A Exposure by class • Office loans as of 2Q26 – • Represent ~4% of total Loans HFI population • 97% of portfolio is pass rated and current • 16% of portfolio matures by year-end 2026 • 50% fixed rate & 50% floating rate • Continuous monitoring of office loans greater than $2 million shows minimal concerns • Projects generally characterized by 25-30% cash equity requirement, loan to value maximums of 70%-75% at origination, and requests for guarantors
14 Valuable deposit base Cost of deposits 19.2% 19.5% 18.9% 18.9% 19.3% 2.48% 2.53% 2.40% 2.27% 2.26% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by customer segment ($billions) Highlights Noninterest -bearing checking 20% Interest- bearing checking 17% Money market & savings 40% Time 23% 37% Checking accounts Deposit composition $4.8 $6.0 $6.1 $6.1 $6.0 $4.8 $6.0 $6.2 $6.1 $6.3 $1.8 $1.8 $1.7 $1.9 $2.0 $11.4 $13.8 $14.0 $14.1 $14.3 2Q25 3Q25 4Q25 1Q26 2Q26 Consumer Commercial Public Total • Deposit balances grew at an annualized rate of 7.70% in the quarter • Customer deposits up ~$159 million, led by non- interest bearing and time deposits • Brokered deposits increased in the quarter, but remain minimal in the Company’s customer-focused deposit funding strategy • Cost of deposits decreased to 2.26%
15 $5,337 $34,417 $1,232 $3,024 $10,116 0.02% 0.05% 0.05% 0.11% 0.06% 2Q25 3Q25 4Q25 1Q26 2Q26 Provision for Credit Losses & Net Charge Offs ($ thousands) Provision for Credit Losses NCO Ratio (ann.) Asset Quality Metrics $148.9 $185.0 $186.0 $186.3 $194.0 1.51% 1.50% 1.50% 1.49% 1.51% 2Q25 3Q25 4Q25 1Q26 2Q26 Allowance for Credit Losses & Coverage Ratio ($ 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 2Q26 Financial Supplement. Highlights 2 1 0.76% 0.76% 0.80% 0.78% 0.95% 0.16% 0.13% 0.17% 0.20% 0.19%0.92% 0.89% 0.97% 0.98% 1.14% 2Q25 3Q25 4Q25 1Q26 2Q26 Nonperforming Assets / Total Assets Other NPAs Optional GNMA repurchase • Higher reserves in the quarter driven by strong loan growth, accounting for more-than-half of the QoQ increase • Remaining increase for two individually assessed loans, along with a modestly softer modeled economic forecast • Net charge-off ratio of ~0.06% remains in line with historical loss levels • NPAs driven by the migration of three lending relationships
16 1.51% 1.13% 1.20% 0.87% 2.14% 1.86% 1.82% 1.35% 3.10% 1.49% 1.14% 1.22% 1.00% 2.34% 1.45% 1.79% 1.37% 3.29% 1.51% 1.16% 1.39% 0.89% 2.37% 1.51% 1.77% 1.27% 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 2Q25 1Q26 2Q26 Allowance Modeling & Reserve Allocation ACL on loans HFI / Loans HFI by category Key forecast inputs1 3Q26 4Q26 1Q27 2Q27 National Unemployment Rate 4.5 4.8 5.0 5.0 CRE Price Index (0.1) 0.1 0.1 0.4 National Housing Price Index (1.5) (2.9) (0.4) 0.1 Prime Rate 6.7 6.7 6.7 6.6 1 Source: Moody’s “June 2026 U.S. Macroeconomic Outlook” with scenario weighting, with the exception of the National Housing Price Index which also incorporates components of the Mortgage Bankers Association Mortgage Finance Forecast. • Modestly softer economic forecast driven by – • Slight increase in inflationary pressures • Moderation of forecasted GDP growth expectations • Persisting uncertainty with the Middle Eastern conflict • Delayed benefits of lower oil prices at quarter-end • Utilized a weighted approach in ACL economic forecast • 1.51% ACL coverage at period end
17 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 86% Subordinated Notes 4% Tier 2 ACL 10% Total regulatory capital: $1,890 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 2Q26 calculation is preliminary and subject to change. 3 Includes capacity from internal policy and does not include loans held at the REIT that could be pledged for additional capacity. On-balance sheet liquidity ($mm) $1,713 $1,890 $1,805 $1,795 $1,810 13.1% 11.9% 11.3% 11.2% 11.0% 2Q25 3Q25 4Q25 1Q26 2Q26 On-balance sheet liquidity On-balance sheet liquidity / tangible assets Capital Position 2Q25 1Q26 2Q26 Shareholder’s Equity/Assets 12.1% 12.0% 11.5% TCE/TA1 10.4% 9.91% 9.49% Common Equity Tier 12 12.3% 11.5% 11.0% Tier 1 Risk-Based2 12.6% 11.5% 11.0% Total Risk-Based2 14.7% 13.4% 12.9% AOCI Adjusted Ratios:1,2 Adj. Common Equity Tier 1 10.8% Adj. Total Risk-Based 12.6% 1 • Capital and liquidity levels remain strong and well- above required regulatory thresholds • Executed share repurchases in the quarter totaling ~3% of shares outstanding • Securities portfolio makes up 9% of total assets and does not include any HTM securities • 2Q26 available sources of liquidity include $1.8 billion on-balance sheet and $8.4 billion in total other sources3
18 Mortgage results 2.86% 2.69% 2.97% 2.89% 2.49% 2Q25 3Q25 4Q25 1Q26 2Q26 Interest rate lock commitment volume ($mm) Mortgage gain on sale margin $402 $342 $279 $366 $380 $55 $90 $107 $124 $56 $457 $432 $386 $490 $436 2Q25 3Q25 4Q25 1Q26 2Q26 Purchase Refinance Highlights Mortgage Banking Segment ($ thousands) 2Q25 1Q26 2Q26 Total Revenue $ 15,674 $ 15,256 $ 14,917 Provision for loan losses 4,755 1,037 977 Noninterest expense 13,931 13,588 12,361 Pre-tax net contribution after allocations (3,012) 631 1,579 Total Assets 617,408 765,191 780,407 Efficiency Ratio 88.9% 89.1% 82.9% Adj Efficiency Ratio1 89.1% 89.6% 83.6% 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. • Mortgage segment pre-tax net contribution of $1.6 million in the quarter • Segment revenue decreased ~2%, impacted by a modest increase in market rates and continued market volatility • Lower personnel costs drove improved segment expense and efficiency ratio
19 Appendix
20 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share
21 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share
22 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue
23 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue
24 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
25 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
26 GAAP reconciliations and use of non-GAAP financial measures Adjusted total risk-based capital
27 GAAP reconciliations and use of non-GAAP financial measures Adjusted efficiency ratio (tax-equivalent basis)
28 GAAP reconciliations and use of non-GAAP financial measures Adjusted efficiency ratio (tax-equivalent basis)
29 GAAP reconciliations and use of non-GAAP financial measures Banking segment adjusted efficiency ratio (tax-equivalent basis)
30 GAAP reconciliations and use of non-GAAP financial measures Mortgage segment adjusted efficiency ratio (tax-equivalent basis)
31 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures
32 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures
33 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures
34 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures
35 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures
36 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures