| Schedule of Segment Financial Information |
The following tables present selected financial information with respect to the Company’s reportable segments for the three and six months ended June 30, 2025 and 2024. | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Banking(3) | | Mortgage | | Consolidated | | Interest income | | $ | 180,960 | | | $ | 1,124 | | | $ | 182,084 | | | Interest expense | | 72,051 | | | (1,382) | | | 70,669 | | | Net interest income | | 108,909 | | | 2,506 | | | 111,415 | | | Provisions for credit losses | | 582 | | | 4,755 | | | 5,337 | | | Net interest income (loss) after provision for credit losses | | 108,327 | | | (2,249) | | | 106,078 | | | Mortgage banking income | | — | | | 17,260 | | | 17,260 | | Change in fair value of mortgage servicing rights, net of hedging(1) | | — | | | (4,231) | | | (4,231) | | | Other noninterest (loss) income | | (47,720) | | | 139 | | | (47,581) | | | Total noninterest (loss) income | | (47,720) | | | 13,168 | | | (34,552) | | | Salaries, commissions and employee benefits | | 38,635 | | | 7,996 | | | 46,631 | | | Merger and integration costs | | 2,734 | | | — | | | 2,734 | | | Depreciation and amortization | | 2,849 | | | 19 | | | 2,868 | | | Amortization of intangibles | | 631 | | | — | | | 631 | | | | | | | | | Other noninterest expense(2) | | 22,481 | | | 5,916 | | | 28,397 | | | Total noninterest expense | | 67,330 | | | 13,931 | | | 81,261 | | | Loss before income taxes | | $ | (6,723) | | | $ | (3,012) | | | $ | (9,735) | | | Income tax benefit | | | | | | (12,652) | | Net income applicable to FB Financial Corporation and noncontrolling interest | | | | | | 2,917 | | Net income applicable to noncontrolling interest(3) | | | | | | 8 | | | Net income applicable to FB Financial Corporation | | | | | | $ | 2,909 | | | Total assets | | $ | 12,736,830 | | | $ | 617,408 | | | $ | 13,354,238 | | | Goodwill | | 242,561 | | | — | | | 242,561 | |
(1) Change in fair value of mortgage servicing rights, net of hedging is included in Mortgage banking income in the Company's consolidated statements of income.(2) Other noninterest expense includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Additionally, other noninterest expense for Mortgage includes servicing expenses. (3) Banking segment includes noncontrolling interest. | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Banking(3) | | Mortgage | | Consolidated | | Interest income | | $ | 359,875 | | | $ | 1,915 | | | $ | 361,790 | | | Interest expense | | 145,207 | | | (2,473) | | | 142,734 | | | Net interest income | | 214,668 | | | 4,388 | | | 219,056 | | | Provisions for credit losses | | 2,771 | | | 4,858 | | | 7,629 | | | Net interest income (loss) after provision for credit losses | | 211,897 | | | (470) | | | 211,427 | | | Mortgage banking income | | — | | | 32,755 | | | 32,755 | | Change in fair value of mortgage servicing rights, net of hedging(1) | | — | | | (7,300) | | | (7,300) | | | Other noninterest (loss) income | | (37,060) | | | 85 | | | (36,975) | | | Total noninterest (loss) income | | (37,060) | | | 25,540 | | | (11,520) | | | Salaries, commissions and employee benefits | | 80,104 | | | 14,878 | | | 94,982 | | | Merger and integration costs | | 3,135 | | | — | | | 3,135 | | | Depreciation and amortization | | 5,592 | | | 43 | | | 5,635 | | | Amortization of intangibles | | 1,287 | | | — | | | 1,287 | | | | | | | | | Other noninterest expense(2) | | 44,121 | | | 11,650 | | | 55,771 | | | Total noninterest expense | | 134,239 | | | 26,571 | | | 160,810 | | | Income (loss) before income taxes | | $ | 40,598 | | | $ | (1,501) | | | $ | 39,097 | | | Income tax benefit | | | | | | (3,181) | | Net income applicable to FB Financial Corporation and noncontrolling interest | | | | | | 42,278 | | Net income applicable to noncontrolling interest(3) | | | | | | 8 | | | Net income applicable to FB Financial Corporation | | | | | | $ | 42,270 | | | Total assets | | $ | 12,736,830 | | | $ | 617,408 | | | $ | 13,354,238 | | | Goodwill | | 242,561 | | | — | | | 242,561 | |
(1) Change in fair value of mortgage servicing rights, net of hedging is included in Mortgage banking income in the Company's consolidated statements of income. (2) Other noninterest expense includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Additionally, other noninterest expense for Mortgage includes servicing expenses. (3) Banking segment includes noncontrolling interest.
| | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Banking(3) | | Mortgage | | Consolidated | | Interest income | | $ | 177,570 | | | $ | (157) | | | $ | 177,413 | | | Interest expense | | 76,377 | | | (1,579) | | | 74,798 | | | Net interest income | | 101,193 | | | 1,422 | | | 102,615 | | | Provisions for (reversals of) credit losses | | 2,432 | | | (208) | | | 2,224 | | | Net interest income after provision for credit losses | | 98,761 | | | 1,630 | | | 100,391 | | | Mortgage banking income | | — | | | 16,246 | | | 16,246 | | Change in fair value of mortgage servicing rights, net of hedging(1) | | — | | | (4,336) | | | (4,336) | | | Other noninterest income | | 13,477 | | | 221 | | | 13,698 | | | Total noninterest income | | 13,477 | | | 12,131 | | | 25,608 | | | Salaries, commissions and employee benefits | | 38,793 | | | 7,432 | | | 46,225 | | | Depreciation and amortization | | 2,745 | | | 116 | | | 2,861 | | | Amortization of intangibles | | 752 | | | — | | | 752 | | | | | | | | | Other noninterest expense(2) | | 19,888 | | | 5,367 | | | 25,255 | | | Total noninterest expense | | 62,178 | | | 12,915 | | | 75,093 | | | Income before income taxes | | $ | 50,060 | | | $ | 846 | | | $ | 50,906 | | | Income tax expense | | | | | | 10,919 | | | | | | | | | | | | | | | | Net income applicable to FB Financial Corporation and noncontrolling interest | | | | | | 39,987 | | Net income applicable to noncontrolling interest(3) | | | | | | 8 | | | Net income applicable to FB Financial Corporation | | | | | | $ | 39,979 | | | Total assets | | $ | 11,947,550 | | | $ | 587,619 | | | $ | 12,535,169 | | | Goodwill | | 242,561 | | | — | | | 242,561 | |
(1) Change in fair value of mortgage servicing rights, net of hedging is included in Mortgage banking income in the Company's consolidated statements of income. (2) Other noninterest expense includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Additionally, other noninterest expense for Mortgage includes servicing expenses. (3) Banking segment includes noncontrolling interest. | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | Banking(3) | | Mortgage | | Consolidated | | Interest income | | $ | 353,990 | | | $ | (449) | | | $ | 353,541 | | | Interest expense | | 154,335 | | | (2,899) | | | 151,436 | | | Net interest income | | 199,655 | | | 2,450 | | | 202,105 | | | Provisions for (reversals of) credit losses | | 3,270 | | | (264) | | | 3,006 | | | Net interest income after provision for credit losses | | 196,385 | | | 2,714 | | | 199,099 | | | Mortgage banking income | | — | | | 31,872 | | | 31,872 | | Change in fair value of mortgage servicing rights, net of hedging(1) | | — | | | (7,377) | | | (7,377) | | | Other noninterest income | | 8,683 | | | 392 | | | 9,075 | | | Total noninterest income | | 8,683 | | | 24,887 | | | 33,570 | | | Salaries, commissions and employee benefits | | 76,583 | | | 14,260 | | | 90,843 | | | Depreciation and amortization | | 5,453 | | | 249 | | | 5,702 | | | Amortization of intangibles | | 1,541 | | | — | | | 1,541 | | | | | | | | | Other noninterest expense(2) | | 38,795 | | | 10,632 | | | 49,427 | | | Total noninterest expense | | 122,372 | | | 25,141 | | | 147,513 | | | Income before income taxes | | $ | 82,696 | | | $ | 2,460 | | | $ | 85,156 | | | Income tax expense | | | | | | 17,219 | | | | | | | | | | | | | | | | Net income applicable to FB Financial Corporation and noncontrolling interest | | | | | | 67,937 | | Net income applicable to noncontrolling interest(3) | | | | | | 8 | | | Net income applicable to FB Financial Corporation | | | | | | $ | 67,929 | | | Total assets | | $ | 11,947,550 | | | $ | 587,619 | | | $ | 12,535,169 | | | Goodwill | | 242,561 | | | — | | | 242,561 | |
(1) Change in fair value of mortgage servicing rights, net of hedging is included in Mortgage banking income in the Company's consolidated statements of income. (2) Other noninterest expense includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Additionally, other noninterest expense for Mortgage includes servicing expenses. (3) Banking segment includes noncontrolling interest.
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