v3.25.2
Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Interest income:        
Interest and fees on loans $ 159,697 $ 155,379 $ 312,882 $ 310,985
Interest on investment securities        
Taxable 14,661 11,966 29,132 21,071
Tax-exempt 1,036 1,168 2,069 2,610
Other 6,690 8,900 17,707 18,875
Total interest income 182,084 177,413 361,790 353,541
Interest expense:        
Deposits 68,568 71,501 138,817 144,126
Borrowings 2,101 3,297 3,917 7,310
Total interest expense 70,669 74,798 142,734 151,436
Net interest income 111,415 102,615 219,056 202,105
(Reversal of) provision for credit losses on loans HFI (1,102) 3,940 804 5,792
Provision for (reversal of) credit losses on unfunded commitments 6,439 (1,716) 6,825 (2,786)
Net interest income after provision for credit losses 106,078 100,391 211,427 199,099
Noninterest income:        
Loss from investment securities, net (60,549) 0 (60,533) (16,213)
Gain (loss) on sales or write-downs of premises and equipment, other real estate owned and other assets, net 236 (281) (389) 284
Other income 2,540 4,611 3,888 6,321
Total noninterest (loss) income (34,552) 25,608 (11,520) 33,570
Noninterest expenses:        
Salaries, commissions and employee benefits 46,631 46,225 94,982 90,843
Occupancy and equipment expense 6,710 6,328 13,307 12,942
Merger and integration costs 2,734 0 3,135 0
Legal and professional fees 2,426 1,979 4,418 3,898
Advertising 2,178 1,859 4,665 3,030
Data processing 2,161 2,286 4,474 4,694
Amortization of core deposit and other intangibles 631 752 1,287 1,541
Other expense 17,790 15,664 34,542 30,565
Total noninterest expense 81,261 75,093 160,810 147,513
(Loss) income before income taxes (9,735) 50,906 39,097 85,156
Income tax (benefit) expense (12,652) 10,919 (3,181) 17,219
Net income applicable to FB Financial Corporation and noncontrolling interest 2,917 39,987 42,278 67,937
Net income applicable to noncontrolling interest 8 8 8 8
Net income applicable to FB Financial Corporation $ 2,909 $ 39,979 $ 42,270 $ 67,929
Earnings per common share:        
Basic (in dollars per share) $ 0.06 $ 0.85 $ 0.91 $ 1.45
Diluted (in dollars per share) $ 0.06 $ 0.85 $ 0.91 $ 1.45
Mortgage banking income        
Noninterest income:        
Mortgage banking income, investment services and trust income, service charges on deposit accounts, ATM and interchange fees $ 13,029 $ 11,910 $ 25,455 $ 24,495
Investment services and trust income        
Noninterest income:        
Mortgage banking income, investment services and trust income, service charges on deposit accounts, ATM and interchange fees 3,922 3,387 7,633 6,617
Service charges on deposit accounts        
Noninterest income:        
Mortgage banking income, investment services and trust income, service charges on deposit accounts, ATM and interchange fees 3,392 3,167 6,871 6,308
ATM and interchange fees        
Noninterest income:        
Mortgage banking income, investment services and trust income, service charges on deposit accounts, ATM and interchange fees $ 2,878 $ 2,814 $ 5,555 $ 5,758