[144] nCino, Inc. SEC Filing

Rhea-AI Filing Summary

FB Financial Corp. (FBK) Q2-25 10-Q highlights

Assets rose 1.5% since YE-24 to $13.35 bn on 2% loan growth and a larger cash position. Deposits advanced 1.7% to $11.40 bn, helped by $341 m growth in money-market/savings and $391 m rise in customer & brokered time deposits, offsetting a $581 m decline in interest-bearing DDA. Tangible common equity improved to $1.61 bn as AOCI loss narrowed to -$44 m (-$102 m YE-24) after the company crystallized a $60.5 m realized loss on AFS securities, which was largely recycled through other comprehensive income.

Quarterly P&L weakened sharply:

• Net interest income +9% YoY to $111.4 m; loan yields outpaced funding costs but deposit repricing pressure persisted.
• Total noninterest income swung to -$34.6 m (vs. +$25.6 m) due to the securities loss.
• Noninterest expense +8% YoY to $81.3 m, including $2.7 m merger costs.
• Pre-tax −$9.7 m (vs. +$50.9 m); net income collapsed to $2.9 m, EPS $0.06 (vs. $0.85).
• 6M-25 EPS $0.91, down 37% YoY.

Credit quality remained stable: ACL/loans fell modestly to 1.51%; provision was a small net reversal (-$1.1 m) but unfunded commitment reserve grew $6.4 m. CECL methodology was changed to discounted cash-flow, classified as a prospective accounting estimate change.

Capital deployment continued: 1.0 m shares repurchased YTD for $44.1 m; quarterly dividend increased to $0.19. Shares outstanding 53.85 m at 7/31/25.

Positive

• Deposits grew 1.7% QoQ, demonstrating franchise stickiness despite rate competition.
• Net interest income rose 9% YoY, evidencing manageable margin compression.
• AOCI improved by $57.7 m YTD, strengthening tangible capital.
• Shareholder returns via $44 m buybacks and a higher $0.19 dividend signal management confidence.

Negative

• Net income plunged 93% YoY to $2.9 m; EPS $0.06.
• $60.5 m realized securities loss drove a swing to pre-tax loss.
• Noninterest expense up 8% and merger costs compressed efficiency.
• Deposit mix shift toward higher-cost time products may pressure future NIM.
• Provision for unfunded commitments spiked to $6.4 m, hinting at credit outlook caution.

Insights

Financial Analyst

TL;DR: Earnings cratered on a $60 m securities hit despite solid loan/deposit growth.

The core banking franchise shows encouraging volume trends and resilient NII, but management’s decision to reposition the bond portfolio erased a full quarter’s earnings. While OCI recapture cushions capital, the realized loss drags ROE to near-zero (Q2 ROAE ≈0.7%). Expense creep (8% YoY) and higher off-balance-sheet provisioning add further pressure. Absent further securities losses, run-rate profitability remains intact; yet the episode highlights sensitivity to rate-driven AFS marks. Share buybacks and dividend hikes signal confidence, but may face scrutiny if earnings don’t rebound quickly.

Risk Analyst

TL;DR: Market-risk management—rather than credit—drove this quarter’s downside.

Credit metrics are steady with ACL at 1.51% and modest net reversals, reflecting benign asset quality. The shift to discounted cash-flow CECL enhances model precision but is immaterial to current reserves. The salient risk is interest-rate management: a $60 m realized AFS loss demonstrates limited hedging effectiveness and could recur if rates remain volatile. Deposit mix shift toward higher-cost time funds suggests further NIM pressure. Capital remains adequate (TCE ~12%), yet future buybacks should be calibrated against market-value volatility.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	3028	83104.07	115941576	08/04/2025	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	08/01/2025	Restricted Stock Vesting	Issuer			3028	08/01/2025	Compensation

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What drove FBK’s sharp earnings decline in Q2-25?

A $60.5 m realized loss on available-for-sale securities turned noninterest income negative and pushed net income to $2.9 m.

How did deposits trend for FBK as of June 30 2025?

Total deposits rose to $11.40 bn, with growth in money-market, savings and time deposits offsetting lower interest-bearing DDA balances.

What is FBK’s current dividend?

The board declared a $0.19 per share quarterly dividend, up from $0.17 the prior year.

How many FBK shares are outstanding?

Shares outstanding were 53,848,882 as of July 31 2025.

What change did FBK make to its credit loss methodology?

The company adopted a discounted cash-flow CECL model for most loan segments, treated as a prospective accounting estimate change.

What was FBK’s net interest income performance?

Q2-25 net interest income was $111.4 m, up 8.6% YoY, aided by higher loan yields.

How much stock did FBK repurchase in 2025 YTD?

FBK bought back 1.0 m shares for $44.1 m through June 30 2025.