FB Financial Q2 net income rises to $58.6M on Southern States merger, $106M buyback

Filed August 3, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 4, 2025 · ~2 min read

Key Changes

• high

  Q2 2026 net income rose to $58.6M ($1.13 EPS) from $2.9M ($0.06 EPS) prior year, driven by Southern States merger (closed July 2025) adding $2.83B assets, $2.27B loans, $2.47B deposits and higher net interest income ($149.0M vs $111.4M), partially offset by $10.1M provision for credit losses.

  MD&A: Net Income & Southern States Merger verify on EDGAR →
• high

  Company repurchased $106.0M of stock in first half 2026 (per XBRL cash-flow statement) vs $44.1M prior year, a $61.9M increase in buyback activity, while raising quarterly dividend 11% to $0.21 per share from $0.19.

  MD&A: Capital Allocation verify on EDGAR →
• high

  Southern States merger added $107.8M non-deductible goodwill and $30.8M core deposit intangible (10-year amortization); 17% of acquired loan portfolio ($402.7M principal) classified as purchased credit-deteriorated with $7.5M allowance, requiring ongoing credit monitoring.

  Notes: Merger Accounting & PCD Loans verify on EDGAR →