FB Financial: 2,162,052-share secondary; 1,717,948-share buyback

FB Financial Corporation disclosed a secondary sale and a concurrent buyback involving shares held by the Estate of James W. Ayers.

Rhea-AI Filing Summary

FB Financial Corporation disclosed a secondary sale and a concurrent buyback involving shares held by the Estate of James W. Ayers. In a registered direct offering, the selling shareholder agreed to sell 2,162,052 shares of common stock to institutional investors at $51.50 per share. The company is not selling any shares in this offering and will not receive proceeds.

Separately, the company agreed to repurchase 1,717,948 shares from the selling shareholder at the same $51.50 per share under its previously authorized buyback program. Closings for both transactions are expected on November 17, 2025, subject to customary conditions. The company will pay, and reimburse the selling shareholder for, reasonable fees and disbursements of one counsel related to the offering.

Insights

Capital markets analyst

Neutral mechanics: secondary sale plus concurrent buyback at $51.50.

The disclosure outlines two coordinated moves: a registered direct secondary sale of 2,162,052 shares by the selling shareholder to institutional investors at $51.50 per share, and a company share repurchase of 1,717,948 shares from the same seller at the same price. The company is not issuing shares and receives no offering proceeds.

The offering is made under an effective Form S-3ASR with a dated prospectus supplement. Cash outflow pertains to the repurchase; fee reimbursement is limited to reasonable fees for one counsel selected by the selling shareholder. The two transactions are not conditioned on each other.

Closings are expected on November 17, 2025, subject to customary conditions. Actual impact depends on completion and the buyback’s execution under the existing authorization as described in prior disclosures.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did FBK announce regarding its common stock?

A registered direct secondary sale of 2,162,052 shares at $51.50 per share by the selling shareholder, and a company repurchase of 1,717,948 shares at the same price.

Will FBK receive proceeds from the registered direct offering?

No. The company is not selling any shares in the offering and will not receive proceeds.

At what price are the transactions being executed?

Both the secondary sale and the repurchase are priced at $51.50 per share.

When are the transactions expected to close for FBK?

Closings for both the offering and the repurchase are expected on November 17, 2025, subject to customary conditions.

Under what registration is the offering being made for FBK?

Under an effective Form S-3ASR (File No. 333-291507) with a prospectus and a November 14, 2025 prospectus supplement.

Who is selling the shares in the secondary offering involving FBK?

The Estate of James W. Ayers is the selling shareholder.

Does FBK cover any transaction-related expenses?

Yes. FBK will pay, and reimburse the selling shareholder for, reasonable fees and disbursements of one counsel incurred in connection with the offering.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Understanding 8-K Material Events →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Accepted by SEC EDGAR 11/14/2025 - 08:32 AM Learn about SEC filing dates

false 0001649749 0001649749 2025-11-14 2025-11-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

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): November 14, 2025

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 No.)

1221 Broadway, Suit 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:

¨ 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 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

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 8.01 Other Events.

Share Purchase Agreement

On November 14, 2025, FB Financial Corporation (the “Company”) entered into a share purchase agreement with the Estate of James W. Ayers (the “Selling Shareholder”) and certain institutional investors (the “Purchasers”) pursuant to which the Selling Shareholder agreed to sell to the Purchasers, and the Purchasers agreed to purchase from the Selling Shareholder, in a registered direct offering, 2,162,052 shares of the Company’s common stock, par value $1.00 per share (the “Common Stock”), at a purchase price of $51.50 per share (the “Purchase Price”) (such sale, the “Offering”).

The Offering was made pursuant to that certain Registration Statement on Form S-3ASR (File No. 333-291507), filed with the Securities and Exchange Commission (the “SEC”) on November 13, 2025, including the prospectus contained therein and the prospectus supplement dated November 14, 2025, filed with the SEC on November 14, 2025.

Share Repurchase Agreement

Additionally, on November 14, 2025, the Company entered into a share repurchase agreement with the Selling Shareholder pursuant to which the Selling Shareholder agreed to sell to the Company, and the Company agreed to purchase from the Selling Shareholder, 1,717,948 shares of Common Stock at the Purchase Price (the “Repurchase”). The Repurchase is being conducted under the share repurchase authorization previously disclosed on the Company’s Current Report on Form 8-K filed with the SEC on September 15, 2025. The Offering is not conditioned upon the Repurchase.

The closings of the Offering and the Repurchase are expected to occur on November 17, 2025, subject to the satisfaction of customary closing conditions. The Company is not selling any of the shares described in the Offering and accordingly will not receive any net proceeds from the Offering. The Company will pay, and reimburse the Selling Shareholder for the payment of, the reasonable fees and disbursements of one counsel selected by the Selling Shareholder that are incurred in connection with the Offering.

Item 9.01	Financial Statements and Exhibits.
Exhibit No.	Description
5.1	Opinion of Alston & Bird LLP.
99.1	Form of Share Purchase Agreement by and among FB Financial Corporation, the Estate of James W. Ayers and certain institutional investors.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, 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 and Chief Operating Officer

Date: November 14, 2025