NYSE: FBK
FB Financial CorpCIK 0001649749 · SIC 6022 · State Savings Banks
Item 1. Business – Our Markets” for more detail. We own 71 of these locations and lease our other locations, which include nearly all of our mortgage offices and our principal executive office. We believe that our offices and banking locations are suitable and adequate for our current business… About this business →
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FB Financial Q2 net income rises to $58.6M on Southern States merger, buyback
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FB Financial reports Q2 2026 results: NII up to $149.8M, executes 3% share buyback
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FB Financial reports Q2 2026 EPS of $1.13, 11.6% annualized loan growth, repurchases 3% of shares
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FB Financial shareholders reject charter amendment on supermajority voting standards
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FB Financial files routine disclosure of Wells Fargo investor conference presentation
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FB Financial completes Southern States merger, Q1 net income jumps 46% to $57.5M
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FB Financial renews up to $175M stock buyback program through June 2027
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FB Financial reports Q1 2026 earnings, schedules April 14 conference call
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Latest financial statements
From 10-Q filed Aug 3, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated statements of income (Unaudited)
(Amounts are in thousands, except per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Interest income: | ||||
| Interest and fees on loans | 206,434 | 159,697 | 407,691 | 312,882 |
| Interest on investment securities | ||||
| Taxable | 13,804 | 14,661 | 27,379 | 29,132 |
| Tax-exempt | 1,066 | 1,036 | 2,120 | 2,069 |
| Other | 8,134 | 6,690 | 17,598 | 17,707 |
| Total interest income | 229,438 | 182,084 | 454,788 | 361,790 |
| Interest expense: | ||||
| Deposits | 78,768 | 68,568 | 156,646 | 138,817 |
| Borrowings | 1,698 | 2,101 | 3,205 | 3,917 |
| Total interest expense | 80,466 | 70,669 | 159,851 | 142,734 |
| Net interest income | 148,972 | 111,415 | 294,937 | 219,056 |
| Provision for (reversal of) credit losses on loans HFI | 9,655 | (1,102) | 13,477 | 804 |
| Provision for (reversal of) credit losses on unfunded commitments | 461 | 6,439 | (337) | 6,825 |
| Net interest income after provision for credit losses | 138,856 | 106,078 | 281,797 | 211,427 |
| Noninterest income (loss): | ||||
| Mortgage banking income | 11,170 | 13,029 | 23,423 | 25,455 |
| Investment services and trust income | 4,517 | 3,922 | 8,865 | 7,633 |
| Service charges on deposit accounts | 4,468 | 3,392 | 8,844 | 6,871 |
| ATM and interchange fees | 3,274 | 2,878 | 6,251 | 5,555 |
| (Loss) gain from investment securities, net | — | (60,549) | 1 | (60,533) |
| (Loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net | (377) | 236 | (697) | (389) |
| Other income | 2,728 | 2,540 | 5,468 | 3,888 |
| Total noninterest income (loss) | 25,780 | (34,552) | 52,155 | (11,520) |
| Noninterest expenses: | ||||
| Salaries, commissions and employee benefits | 53,332 | 46,631 | 110,680 | 94,982 |
| Occupancy and equipment expense | 7,617 | 6,710 | 15,093 | 13,307 |
| Advertising | 2,556 | 2,178 | 4,704 | 4,665 |
| Data processing | 2,352 | 2,161 | 4,806 | 4,474 |
| Legal and professional fees | 1,882 | 2,426 | 3,862 | 4,418 |
| Amortization of core deposit and other intangibles | 1,804 | 631 | 3,673 | 1,287 |
| Merger and integration costs | — | 2,734 | 1,447 | 3,135 |
| Other expense | 21,937 | 17,790 | 42,379 | 34,542 |
| Total noninterest expense | 91,480 | 81,261 | 186,644 | 160,810 |
| Income (loss) before income taxes | 73,156 | (9,735) | 147,308 | 39,097 |
| Income tax expense (benefit) | 14,499 | (12,652) | 31,125 | (3,181) |
| Net income applicable to FB Financial Corporation and noncontrolling interest | 58,657 | 2,917 | 116,183 | 42,278 |
| Net income applicable to noncontrolling interest | 8 | 8 | 8 | 8 |
| Net income applicable to FB Financial Corporation | 58,649 | 2,909 | 116,175 | 42,270 |
| Earnings per common share: | ||||
| Basic | 1.14 | 0.06 | 2.25 | 0.91 |
| Diluted | 1.13 | 0.06 | 2.24 | 0.91 |
Consolidated balance sheets
(Amounts are in thousands except share and per share amounts)
| Description | June 30, 2026 (Unaudited) | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Cash and due from banks | 147,034 | 196,213 |
| Federal funds sold and reverse repurchase agreements | 228,861 | 213,391 |
| Interest-bearing deposits in financial institutions | 736,462 | 746,291 |
| Cash and cash equivalents | 1,112,357 | 1,155,895 |
| Investments: | ||
| Available-for-sale debt securities, at fair value | 1,521,093 | 1,459,579 |
| Equity securities, at fair value | 6,000 | 155 |
| Restricted equity securities, at cost | 87,572 | 79,046 |
| Loans held for sale (includes $165,511 and $172,974 at fair value, respectively) | 198,089 | 201,076 |
| Loans held for investment | 12,865,510 | 12,383,626 |
| Less: allowance for credit losses on loans HFI | 194,010 | 185,983 |
| Net loans held for investment | 12,671,500 | 12,197,643 |
| Premises and equipment, net | 180,058 | 182,370 |
| Operating lease right-of-use assets | 47,535 | 49,249 |
| Interest receivable | 58,792 | 58,565 |
| Mortgage servicing rights, at fair value | 145,374 | 148,795 |
| Bank-owned life insurance | 111,184 | 111,865 |
| Other real estate owned, net | 5,544 | 6,009 |
| Goodwill | 350,353 | 350,353 |
| Core deposit and other intangibles, net | 27,611 | 31,284 |
| Other assets | 273,039 | 268,408 |
| Total assets | 16,796,101 | 16,300,292 |
| LIABILITIES | ||
| Deposits | ||
| Noninterest-bearing | 2,775,208 | 2,634,395 |
| Interest-bearing checking | 2,479,291 | 2,651,369 |
| Money market and savings | 5,786,480 | 5,969,640 |
| Customer time deposits | 2,620,285 | 2,028,923 |
| Brokered and internet time deposits | 685,902 | 625,634 |
| Total deposits | 14,347,166 | 13,909,961 |
| Borrowings | 314,513 | 212,764 |
| Operating lease liabilities | 57,940 | 60,556 |
| Accrued expenses and other liabilities | 139,858 | 168,753 |
| Total liabilities | 14,859,477 | 14,352,034 |
| SHAREHOLDERS’ EQUITY | ||
| Common stock, $1 par value per share; 75,000,000 shares authorized; 49,976,755 and 51,752,401 shares issued and outstanding, respectively | 49,977 | 51,752 |
| Additional paid-in capital | 981,194 | 1,082,344 |
| Retained earnings | 940,824 | 846,620 |
| Accumulated other comprehensive loss, net | (35,464) | (32,551) |
| Total FB Financial Corporation common shareholders’ equity | 1,936,531 | 1,948,165 |
| Noncontrolling interest | 93 | 93 |
| Total equity | 1,936,624 | 1,948,258 |
| Total liabilities and shareholders’ equity | 16,796,101 | 16,300,292 |
Consolidated statements of cash flows (Unaudited)
(Amounts are in thousands)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income applicable to FB Financial Corporation and noncontrolling interest | 116,183 | 42,278 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization of fixed assets and software | 6,222 | 5,635 |
| Amortization of core deposit and other intangibles | 3,673 | 1,287 |
| Amortization of subordinated debt issuance costs and fair value premium, net | 658 | 194 |
| Capitalization of mortgage servicing rights | (2,553) | (1,649) |
| Net change in fair value of mortgage servicing rights | 5,974 | 10,223 |
| Stock-based compensation expense | 6,637 | 7,813 |
| Provision for credit losses on loans HFI | 13,477 | 804 |
| (Reversal of) provision for credit losses on unfunded commitments | (337) | 6,825 |
| Provision for mortgage loan repurchases | 221 | 95 |
| (Accretion) amortization of discounts and premiums on acquired loans, net | (11,346) | 60 |
| Accretion of premiums and discounts on securities, net | (1,741) | (1,235) |
| (Gain) loss from investment securities, net | (1) | 60,533 |
| Originations of loans held for sale | (672,302) | (642,515) |
| Proceeds from sale of loans held for sale | 694,642 | 632,634 |
| Gain on sale and change in fair value of loans held for sale | (17,914) | (18,742) |
| Net loss on write-downs of premises and equipment, other real estate owned and other assets | 697 | 389 |
| Provision for deferred income taxes | 2,273 | 1,332 |
| Equity method investment loss | 1,096 | 1,175 |
| Earnings on bank-owned life insurance | (2,156) | (872) |
| Changes in: | ||
| Operating lease assets and liabilities, net | (902) | (536) |
| Other assets and interest receivable | (7,548) | (16,584) |
| Accrued expenses and other liabilities | (28,445) | (33,820) |
| Net cash provided by operating activities | 106,508 | 55,324 |
| Cash flows from investing activities: | ||
| Activity in available-for-sale securities: | ||
| Sales | — | 266,454 |
| Maturities, prepayments and calls | 132,824 | 134,661 |
| Purchases | (196,538) | (181,843) |
| Purchases of equity securities | (6,000) | — |
| Proceeds from sales of equity securities | 156 | — |
| Net change in loans | (478,916) | (279,745) |
| Net purchases of FHLB stock | (8,251) | (877) |
| Purchases of Federal Reserve stock | (275) | — |
| Purchases of premises and equipment | (3,401) | (5,069) |
| Proceeds from the sale of premises and equipment | — | 1,850 |
| Proceeds from the sale of other real estate owned | 4,120 | 4,412 |
| Proceeds from the sale of other assets | 1,232 | 665 |
| Proceeds from bank-owned life insurance | 2,837 | 690 |
| Net cash used in investing activities | (552,212) | (58,802) |
| Cash flows from financing activities: | ||
| Net increase in deposits | 437,205 | 193,036 |
| Net decrease in securities sold under agreements to repurchase and federal funds purchased | (28,335) | (2,068) |
| Net increase in short-term FHLB advances | 125,000 | — |
| Stock-based compensation withholding payments | (4,034) | (2,664) |
| Net proceeds from sale of common stock under employee stock purchase program | 509 | 424 |
| Repurchase of common stock | (106,037) | (44,146) |
| Dividends paid on common stock | (21,687) | (17,568) |
| Dividend equivalent payments made upon vesting of equity compensation | (447) | (287) |
| Noncontrolling interest distribution | (8) | (8) |
| Net cash provided by financing activities | 402,166 | 126,719 |
| Net change in cash and cash equivalents | (43,538) | 123,241 |
| Cash and cash equivalents at beginning of the period | 1,155,895 | 1,042,488 |
| Cash and cash equivalents at end of the period | 1,112,357 | 1,165,729 |
| Supplemental cash flow information: | ||
| Interest paid | 160,612 | 145,025 |
| Taxes paid, net of refunds | 26,793 | 11,659 |
| Supplemental noncash disclosures: | ||
| Transfers from loans HFI to other real estate owned | 3,592 | 3,297 |
| Transfers from loans HFI to other assets | 3,219 | 2,927 |
| Transfers from loans HFI to loans held for sale | — | 3,962 |
| Transfers from loans held for sale to loans HFI | 3,037 | 4,753 |
| Loans HFI provided for sales of other assets | 846 | 1,444 |
| Increase (decrease) in rebooked GNMA loans under optional repurchase program | 4,476 | (10,380) |
| Dividends declared not paid on restricted stock units and performance stock units | 284 | 210 |
| Right-of-use assets obtained in exchange for operating lease liabilities | 1,082 | 2,119 |
Amounts as printed on the EDGAR/iXBRL face — (Amounts are in thousands, except per share amounts); (Amounts are in thousands except share and per share amounts); (Amounts are in thousands). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
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About FB Financial Corp
Source: Item 1 (Business) from the 10-K filed February 26, 2026. Description as filed by the company with the SEC.
Item 1. Business – Our Markets” for more detail. We own 71 of these locations and lease our other locations, which include nearly all of our mortgage offices and our principal executive office. We believe that our offices and banking locations are suitable and adequate for our current business operations.
ITEM 3 - Legal Proceedings
Various legal proceedings to which FB Financial Corporation or a subsidiary of FB Financial Corporation is party arise from time to time in the normal course of business. As of the date hereof, there are no material pending legal proceedings to which FB Financial Corporation or any of its subsidiaries is a party or of which any of its or its subsidiaries' assets or properties are subject.
ITEM 4 - Mine Safety Disclosures
Not applicable.
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