v3.25.2
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net income attributable to FB Financial Corporation and noncontrolling interest $ 42,278 $ 67,937
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of fixed assets and software 5,635 5,702
Amortization of core deposit and other intangibles 1,287 1,541
Amortization of issuance costs on subordinated debt 194 193
Capitalization of mortgage servicing rights (1,649) (2,649)
Net change in fair value of mortgage servicing rights 10,223 2,393
Stock-based compensation expense 7,813 4,910
Provision for credit losses on loans HFI 804 5,792
Provision for (reversal of) credit losses on unfunded commitments 6,825 (2,786)
Provision for mortgage loan repurchases 95 125
Amortization (accretion) of discounts and premiums on acquired loans, net 60 (548)
(Accretion) amortization of premiums and discounts on securities, net (1,235) 2,440
Loss from investment securities, net 60,533 16,213
Originations of loans held for sale (642,515) (595,813)
Proceeds from sale of loans held for sale 632,634 575,246
Gain on sale and change in fair value of loans held for sale (18,742) (17,209)
Net loss (gain) on write-downs of premises and equipment, other real estate owned and other assets 389 (284)
Provision for deferred income taxes 1,332 (47)
Equity method investment loss 1,175 0
Earnings on bank-owned life insurance (872) (2,911)
Changes in:    
Operating lease assets and liabilities, net (536) (539)
Other assets and interest receivable (16,584) (1,765)
Accrued expenses and other liabilities (33,820) 8,950
Net cash provided by operating activities 55,324 66,891
Activity in available-for-sale securities:    
Sales 266,454 207,882
Maturities, prepayments and calls 134,661 134,236
Purchases (181,843) (366,579)
Net change in loans (279,745) 94,773
Net purchases of FHLB stock (877)  
Net redemptions of FHLB stock   1,160
Purchases of premises and equipment (5,069) (3,861)
Proceeds from the sale of premises and equipment 1,850 287
Proceeds from the sale of other real estate owned 4,412 1,434
Proceeds from the sale of other assets 665 550
Proceeds from bank-owned life insurance 690 0
Net cash (used in) provided by investing activities (58,802) 69,882
Cash flows from financing activities:    
Net increase (decrease) in deposits 193,036 (84,782)
Net decrease in securities sold under agreements to repurchase and federal funds purchased (2,068) (31,963)
Stock-based compensation withholding payments (2,664) (1,683)
Net proceeds from sale of common stock under employee stock purchase program 424 399
Repurchase of common stock (44,146) (12,699)
Dividends paid on common stock (17,568) (15,916)
Dividend equivalent payments made upon vesting of equity compensation (287) (151)
Noncontrolling interest distribution (8) (8)
Net cash provided by (used in) financing activities 126,719 (146,803)
Net change in cash and cash equivalents 123,241 (10,030)
Cash and cash equivalents at beginning of the period 1,042,488 810,932
Cash and cash equivalents at end of the period 1,165,729 800,902
Supplemental cash flow information:    
Interest paid 145,025 150,100
Taxes paid, net 11,659 20,134
Supplemental noncash disclosures:    
Transfers from loans to other real estate owned 3,297 2,400
Transfers from loans to other assets 2,927 1,831
Transfers from loans to loans held for sale 3,962 167
Transfers from loans held for sale to loans 4,753 40
Loans provided for sales of other assets 1,444 416
(Decrease) increase in rebooked GNMA loans under optional repurchase program (10,380) 1,125
Dividends declared not paid on restricted stock units and performance stock units 210 183
Right-of-use assets obtained in exchange for operating lease liabilities $ 2,119 $ 0