FBK

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. FB Financial (FBK) stock is back in focus after the bank reported second quarter 2026 results, highlighting sharp year over year gains in net income and net interest income, alongside active share repurchases. See our latest analysis for FB Financial. The latest earnings and buyback update comes after a steady run in FB Financial's share price, with a 30-day share price return of 9.65% and a year-to-date share price return of 5.08%. The 1-year total shareholder return of 24.34% and 3-year total shareholder return of 82.21% point to momentum that has been building over a longer period. If strong results from one regional bank have your attention, it could be a good moment to widen your search and check out 18 top founder-led companies After FB Financial's strong quarter, share repurchases, and recent 30-day run, the key question is whether it makes sense to pay a premium for the current strength or wait in hopes of a cheaper entry later, based on valuation. FB Financial's most followed narrative points to a fair value of $64.43 per share, compared with the latest close of $58.97, using a 7.11% discount rate. Read the complete narrative. Want to see what sits behind that fair value for FB Financial? The narrative leans heavily on faster top line expansion, wider margins, and a leaner share count. Curious which specific growth and profitability assumptions justify the gap to the current price? The full narrative sets out the exact path that would need to unfold for this valuation to hold up. Result: Fair Value of $64.43 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, the FB Financial narrative also hinges on the smooth integration of Southern States Bank and on stable credit costs, and setbacks on either front could quickly challenge these assumptions. Find out about the key risks to this FB Financial narrative. The first narrative for FB Financial leans on a fair value of $64.43, but a different lens tells a more cautious story. FBK trades on a P/E of 15x, compared with a fair ratio of 14.4x, while the US Banks industry sits at 12.2x and peers at 16.2x, which raises a simple question: how much valuation risk are you willing to accept for this growth profile? See what the numbers say about this price — find out in our valuation breakdown. The mix of optimism and caution around FB Financial might leave you torn, so review the figures promptly and sharpen your own view by checking the 3 key rewards If FB Financial has sharpened your focus, do not stop here. Use the Simply Wall St screener to spot other opportunities before they move without you. Target potential mispricing by scanning a curated list of 47 high quality undervalued stocks that combine quality fundamentals with appealing valuations. Prioritise resilience by checking 78 resilient stocks with low risk scores that score well on financial strength and business stability. Get ahead of the crowd by reviewing a screener containing 20 high quality undiscovered gems before they appear on everyone else's radar. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include FBK. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

This article first appeared on GuruFocus. Adjusted EPS: $1.14 Net Income: $58.6 million Adjusted Net Income: $58.9 million Pre-Tax Pre-Provision Net Revenue: $83.3 million, an increase of approximately 8% in the quarter Annualized Loan Growth: 11.6% Annualized Deposit Growth: 7.7% Net Interest Margin: 3.95% Loan Yields: 6.48% Deposit Costs: 2.26% Non-Interest Income: $25.8 million, increased to $26.2 million on an adjusted basis Non-Interest Expense: $91.5 million, down approximately 4% from the first quarter Efficiency Ratio: 52.3%, with the banking segment at 49.5% Provision Expense: $10.1 million Allowance Coverage Ratio: 1.51% Net Charge-Offs: 6 basis points annualized Common Equity Tier One Ratio: 11% Tier One Leverage Ratio: 10.1% Total Risk-Based Capital: 12.9% Warning! GuruFocus has detected 2 Warning Sign with FBK. Is FBK fairly valued? Test your thesis with our free DCF calculator. Release Date: July 14, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. FB Financial Corp (NYSE:FBK) reported strong earnings with a GPS of $1.13 and adjusted EPS of $1.14. The company achieved an annualized loan growth rate of 11.6% and deposit growth of 7.7%. FB Financial Corp (NYSE:FBK) maintained a stable net interest margin of 3.95% for the quarter. The company executed meaningful share repurchases, reflecting confidence in long-term value. FB Financial Corp (NYSE:FBK) demonstrated strong balance sheet growth and solid returns, with an adjusted return on average tangible common equity of 15%. Non-interest income declined modestly to $25.8 million during the quarter. The company faced increased competition and pricing pressures in both loan and deposit markets. Provision expense increased to $10.1 million, driven by loan growth and specific reserves on two credits. Non-performing loan and asset ratios increased, primarily due to three specific relationships. FB Financial Corp (NYSE:FBK) anticipates continued competitive dynamics on pricing, impacting net interest margin. Q: Can you provide more details on the deposit costs and your expectations for the rest of the year? A: Chris Holmes, President and CEO, explained that deposit costs have been challenging and are expected to remain so due to various payment streams and ways to hold money. Michael Mettee, CFO, added that the modest decrease in deposit costs was driven more by mix than competition. New deposits are coming in at higher costs, and the focus remains on deepening relationships and growing wallet share to manage costs. Q: What is the outlook for loan growth, and how do you see the composition of loans evolving? A: Chris Holmes noted that while residential mortgages have been retained more recently, the focus will shift towards C&I loans. Michael Mettee added that the secondary market conditions have led to more aggressive portfolio rates, creating opportunities to convert mortgage clients into full bank clients. The expectation is for loan growth to be more weighted towards C&I in the future. Q: Can you discuss the competitive environment for loans and any repricing opportunities? A: Michael Mettee stated that the loan market is as competitive as deposits, with a spot rate around 6.40%. There is some pressure on yields, but the bank has seen repricing from the 2021 vintage, with about a billion dollars to go in the back half of the year. The yield curve steepening is beneficial, and 52% of the loan book is floating, which should help with repricing. Q: How are you approaching capital deployment, particularly regarding share repurchases? A: Chris Holmes explained that the company completed a significant share repurchase transaction during the quarter, primarily from a charity related to the Ayers estate. The capital deployment strategy focuses on supporting organic growth while maintaining flexibility for strategic opportunities. Share repurchases remain an option, and the company is price-sensitive in its approach. Q: What are your thoughts on strategic opportunities, such as acquisitions, and how do you view pricing in the current environment? A: Chris Holmes mentioned that there are ample opportunities for acquisitions, particularly for institutions under $2 billion. However, the company is cautious about disruption and requires both strategic and financial value to justify an acquisition. The current environment has impacted valuations, and the company has not pursued many deals due to these considerations. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Performance was driven by broad-based loan growth across metro and community markets in the Southeast, reflecting strong execution in an increasingly competitive environment. Management attributes the 8% increase in PPNR to a combination of stable net interest margins, disciplined expense management, and a growing balance sheet. The company is prioritizing organic growth and deepening customer relationships, specifically targeting operating accounts to secure lower-cost core funding. Strategic positioning remains focused on the Southeast, which management identifies as the most attractive region for business activity despite rising competition for talent and clients. Capital allocation was highlighted by significant share repurchases, including a large transaction with a charity associated with the Jim Ayers estate, demonstrating confidence in long-term value. The mortgage strategy shifted toward retaining more production in the portfolio to enhance balance sheet yields and strengthen broader banking relationships. Management expects full-year loan growth in the mid to high single-digit range, supported by healthy pipelines in markets like Nashville and Birmingham. Deposit growth is anticipated to trend toward the lower end of the mid to high single-digit range due to intense competition and higher customer acquisition costs. The net interest margin forecast for the full year remains at 3.7% to 3.8%, assuming one rate hike in the third quarter of 2026. Expenses are expected to normalize in the second half of the year as the company continues to invest in talent and revenue-generating associates. The company maintains a consolidated efficiency ratio target of approximately 50%, aiming for positive operating leverage as revenue growth outpaces expenses. Provision expense increased to $10.1 million, primarily driven by loan growth and specific reserves for two individually evaluated credits. Non-performing loans increased due to three specific relationships, though management characterized these as borrower-specific rather than indicative of broader portfolio weakness. A modest portion of the reserve build resulted from softer economic forecasts incorporated into the allowance for credit loss estimation process. The company repurchased approximately 3% of its outstanding shares during the quarter, utilizing its strong capital position to enhance shareholder value. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management noted that while deposit costs declined 1 basis point this quarter due to mix, new money market production is coming in at 4% or higher. The strategy to mitigate rising costs involves empowering frontline staff with rate authority to secure full operating relationships rather than just chasing rate-sensitive deposits. Growth was led by residential real estate and non-owner occupied CRE, but management expects future growth to be more weighted toward C&I. Retaining mortgages in the portfolio is a tactical move to avoid disrupting clients by selling servicing rights, thereby facilitating better cross-selling of other bank products. Management remains cautious on M&A, stating that the high bar for financial and strategic value makes organic growth more attractive than the disruption of an acquisition. Current opportunities are mostly among institutions smaller than $2 billion, but valuation gaps persist between buyer and seller expectations.

Interested in FB Financial Corporation? Here are five stocks we like better. FB Financial posted solid Q2 results with EPS of $1.13 and adjusted EPS of $1.14, while net income reached $58.6 million. Pre-tax, pre-provision net revenue rose about 8% sequentially, and management said the bank remains well-positioned with strong balance sheet growth and stable margins. Loan growth was strong, but deposit competition remains intense. Loans grew at an 11.6% annualized pace and deposits at 7.7%, though management said deposit pricing is still competitive and full-year deposit growth expectations are now toward the lower end of the mid- to high-single-digit range. Credit pressure was limited to a few specific relationships, even as non-performing loans and assets rose in the quarter. Management said the increase was driven mostly by three borrower-specific credits, while net charge-offs stayed low at six basis points annualized and capital ratios remained comfortably above regulatory requirements. FB Financial (NYSE:FBK) reported higher second-quarter 2026 earnings and balance sheet growth, with management pointing to broad-based loan demand across its Southeast footprint while acknowledging continued pressure from competition for deposits and lending relationships. President and Chief Executive Officer Chris Holmes said the company reported earnings per share of $1.13 and adjusted earnings per share of $1.14. Net income totaled $58.6 million, or $58.9 million on an adjusted basis. Pre-tax, pre-provision net revenue rose to $83.3 million, an increase of approximately 8% from the prior quarter, which Holmes said lifted the company’s pre-provision net revenue return on average assets above 2%. → The SK Hynix IPO and 2027’s AI Memory Squeeze Holmes said tangible book value per share, excluding the impact of accumulated other comprehensive income, has grown at an 11.3% compound annual growth rate since the company’s 2016 initial public offering. “As I reflect on the second quarter, our company is well-positioned and our outlook is bullish,” Holmes said. He cited “sustainable momentum” across the franchise, strong balance sheet growth, stable net interest margin, solid returns and improved financial positioning through capital deployment. → This Dividend ETF Choice Could Shape Your Income Strategy Through 2026 Chief Financial and Operating Officer Michael Mettee said loans grew at an annualized rate of 11.6% during the quarter, while deposits grew 7.7% annualized. He said loan growth was broad-based, including metro markets such as Birmingham, Memphis and Huntsville, as well as community markets including Lexington, Tennessee; Auburn, Tuscaloosa and Florence in Alabama; and Columbus and Newnan in Georgia. Mettee said FB Financial remains comfortable with its expectation for full-year loan growth in the mid- to high-single-digit range. For deposits, he said the company still expects full-year growth in the mid- to high-single-digit range, though current expectations are toward the lower end of that range. → Microsoft Bets on In-House AI to Cut OpenAI and Anthropic Costs Deposit competition was a major topic during the question-and-answer session. Holmes said deposits remain challenging, telling analysts that “today’s going to be the easiest day of your career to get deposits because tomorrow it’s going to be a little harder.” He said the company continues to focus on non-interest-bearing accounts and operating relationships, while also using brokered deposits selectively when pricing is attractive. Mettee said deposit costs declined modestly during the quarter to 2.26%, but new deposit production around quarter-end was coming in at blended rates of roughly 2.60% to 2.70%. He said the lower overall deposit cost was driven more by mix than by reduced competition, and noted that money market rates remain competitive while CD pricing has been steadier. FB Financial’s net interest margin was 3.95% for the quarter. Mettee said the margin was supported by stable contractual loan rates and all-in loan yields of 6.48%. New loan production near quarter-end was in the 6.35% to 6.40% range. Mettee said the company’s outlook assumes one rate hike in the third quarter of 2026, though he said the timing and magnitude of rate actions remain uncertain. He said the company remains comfortable with its full-year net interest margin forecast, excluding loan accretion, of 3.70% to 3.80%. In response to an analyst question, Mettee said loan pricing is “almost just as competitive as deposits,” adding that the company expects some margin pressure over the remainder of the year. He said about 52% of the loan book is floating-rate, and roughly $1 billion of loans from older vintages is expected to reprice in the back half of the year. Non-interest income declined modestly to $25.8 million, or $26.2 million on an adjusted basis. Mettee said recurring fee categories including service charges, interchange income and assets under management revenue benefited from customer growth and the additional day in the quarter. Mortgage banking revenue declined by $1.1 million, which Mettee attributed to a higher proportion of new lock production being retained in the portfolio rather than sold into the secondary market. He said that mix shift reduces upfront gain-on-sale income but supports balance sheet growth, attractive loan yields and broader customer relationships. Holmes said FB Financial generally originates mortgages to sell, though it may retain some production from time to time. Mettee said the company has become “a little bit more aggressive” on portfolio mortgage rates in order to convert mortgage clients into broader banking customers. Non-interest expense totaled $91.5 million, down approximately 4% from the first quarter, or approximately 2% on an adjusted basis. Mettee said expense trends benefited from seasonal compensation patterns, disciplined expense management and the absence of merger-related costs. The company’s efficiency ratio improved to 52.3%, while its banking segment efficiency ratio was 49.5%. Mettee said FB Financial continues to expect banking segment non-interest expense of $325 million to $335 million for the year and expects the consolidated efficiency ratio to finish the year at or around 50%. Provision expense rose to $10.1 million, an increase of approximately $7 million from the prior quarter. Mettee said most of the reserve build was associated with loan growth, with the remainder tied to specific reserves on two individually evaluated credits and softer economic forecasts used in the allowance process. The allowance coverage ratio ended the quarter at 1.51%. Non-performing loan and non-performing asset ratios increased during the quarter, driven almost entirely by three relationships. Mettee said two were the individually evaluated credits that carried specific reserves, while the third was a well-collateralized credit with a near-term workout plan. He said management believes the situations are borrower-specific and do not reflect broader portfolio weakness. Net charge-offs remained low at six basis points annualized. FB Financial repurchased approximately 3% of its outstanding shares during the quarter. Holmes said about two-thirds of the repurchase activity came through a single transaction with a charity that received shares as part of the administration of the estate of Jim Ayers. He said the transaction reflected the company’s capital strength and confidence in its long-term prospects. Mettee said the company’s capital ratios remain well above regulatory requirements, with a common equity Tier 1 ratio of 11%, a Tier 1 leverage ratio of 10.1% and total risk-based capital of 12.9%. In response to an analyst question, management said it is comfortable with capital levels and continues to monitor tangible common equity and CET1 ratios closely. Asked about strategic opportunities, Holmes said the company continues to evaluate potential acquisitions but remains focused on organic growth. He said many available opportunities are smaller institutions, generally less than $2 billion in assets, and that acquisitions must offer both strategic and financial value to justify disruption to the company’s organic momentum. “Our focus continues to be maximizing the significant organic opportunities already in front of us,” Holmes said. FB Financial Corporation, through its banking subsidiary FirstBank, is a Tennessee-based bank holding company that provides a broad range of financial services to individuals, small and medium-sized businesses, and commercial clients. Established to serve the banking needs of communities across the southeastern United States, the company's core offerings include consumer and commercial deposit products, commercial lending, and mortgage services. In addition to traditional checking and savings accounts, FB Financial's service portfolio encompasses treasury and cash management, equipment financing, and letters of credit to support the working capital and expansion needs of business customers. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "FB Financial Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

For the quarter ended June 2026, FB Financial (FBK) reported revenue of $174.75 million, up 27.2% over the same period last year. EPS came in at $1.14, compared to $0.88 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $173.93 million, representing a surprise of +0.48%. The company has not delivered EPS surprise, with the consensus EPS estimate being $1.14. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how FB Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Core Efficiency Ratio: 52% versus the three-analyst average estimate of 54%. Net Interest Margin: 4% versus 3.9% estimated by three analysts on average. Net Charge-offs during the period to Average Loans outstanding: 0.1% compared to the 0.1% average estimate based on two analysts. Average Earning Assets: $15.22 billion versus $15.4 billion estimated by two analysts on average. Mortgage banking income: $11.17 million compared to the $13.77 million average estimate based on three analysts. Total Noninterest income: $25.78 million versus the three-analyst average estimate of $27.39 million. Net interest income (tax-equivalent basis): $149.79 million versus $149.92 million estimated by two analysts on average. Other Income: $2.73 million versus $2.45 million estimated by two analysts on average. Service charges on deposit accounts: $4.47 million compared to the $4.31 million average estimate based on two analysts. Net Interest Income: $148.97 million compared to the $146 million average estimate based on two analysts. ATM and interchange fees: $3.27 million versus the two-analyst average estimate of $3.13 million. Investment services and trust income: $4.52 million compared to the $4.48 million average estimate based on two analysts. View all Key Company Metrics for FB Financial here>>> Shares of FB Financial have returned +3.1% over the past month versus the Zacks S&P 500 composite's +4.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FB Financial Corporation (FBK) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Reports Q2 Diluted EPS of $1.13, Adjusted Diluted EPS* of $1.14 Annualized Q2 Loan HFI and Deposit Growth of 11.6% and 7.70%, respectively Repurchased 3.01% of Common Shares Outstanding in Q2 NASHVILLE, Tenn., July 13, 2026--(BUSINESS WIRE)--FB Financial Corporation (the "Company") (NYSE: FBK), parent company of FirstBank, reported net income of $58.6 million, or $1.13 per diluted common share, for the second quarter of 2026, compared to $1.10 in the previous quarter and $0.06 in the second quarter of last year. Adjusted net income* was $58.9 million, or $1.14 per diluted common share, compared to $1.12 in the previous quarter and $0.88 in the second quarter of last year. The Company reported adjusted pre-tax pre-provision net revenue* of $83.6 million for the second quarter of 2026, reflecting increases of 6.94% and 42.6% from $78.2 million and $58.6 million in the previous quarter and second quarter of last year, respectively. The Company ended the second quarter of 2026 with loans held for investment ("HFI") of $12.87 billion compared to $12.50 billion at the end of the previous quarter, an 11.6% annualized increase, and $9.87 billion at the end of the second quarter of last year, a 30.3% increase. Deposits were $14.35 billion as of June 30, 2026, compared to $14.08 billion as of March 31, 2026, a 7.70% annualized increase, and $11.40 billion as of June 30, 2025, a 25.8% increase. Net interest margin ("NIM") was 3.95% for the second quarter of 2026, compared to 3.94% in the prior quarter and 3.68% in the second quarter of 2025. The Company ended the quarter with book value per common share of $38.75 and tangible book value per common share* of $31.19. President and Chief Executive Officer, Christopher T. Holmes stated, "The quarter’s results showed strong organic growth, highlighted by double-digit loan growth, solid core earnings and stability in our net interest margin. Our results reflect the strength of our franchise and our focus on generating consistent, long-term value for shareholders. The repurchase of 3.01% of our outstanding shares during the quarter reflects our confidence in the long-term value of the franchise and our disciplined approach to capital deployment. As we look to the second half of the year, we are well positioned to continue creating value for our customers and shareholders." Balance Sheet and Net Interest Margin The Company reported loans HFI of $12.87 billion at the end of the second quarter of 2026, compared to $12.50 billion at the end of the prior quarter. The contractual yield on loans HFI remained stable at 6.22% for both the second quarter of 2026 and the previous quarter. Net growth in loans was driven by increases in commercial real estate loans of $195.1 million, residential real estate loans of $146.5 million, commercial and industrial loans of $20.6 million and consumer and other loans of $18.6 million, offset by a decline of $19.1 million in construction loans. The Company reported total deposits of $14.35 billion at the end of the second quarter compared to $14.08 billion at the end of the first quarter. The cost of interest-bearing deposits increased to 2.81% from 2.80% in the previous quarter. Total cost of deposits decreased to 2.26% during the second quarter compared to 2.27% in the first quarter of 2026. Lower costs were driven primarily by deposit mix, reflecting growth of noninterest-bearing deposits and stability in our indexed deposit products. Noninterest-bearing deposits were $2.78 billion at the end of the quarter compared to $2.66 billion at the end of the first quarter of 2026, an annualized increase of 16.7%. The Company reported net interest income on a tax-equivalent basis of $149.8 million for the second quarter of 2026, an increase from $146.8 million in the prior quarter. NIM increased to 3.95% for the second quarter from 3.94% in the prior quarter, while net accretion from purchase accounting adjustments contributed 13 basis points to margin during the second quarter. Holmes continued, "We were pleased with our balance sheet performance during the second quarter, which drove an increase in net interest income and meaningful growth in pre-tax pre-provision earnings. We enter the second half of the year with strong momentum and a balance sheet well positioned to support continued growth and profitability." Noninterest Income Adjusted noninterest income* was $26.2 million for the second quarter of 2026, compared to $25.9 million and $25.8 million for the prior quarter and second quarter of 2025, respectively. Mortgage banking income was $11.2 million in the second quarter of 2026, compared to $12.3 million in the prior quarter and $13.0 million in the second quarter of 2025. Noninterest Expense Adjusted noninterest expense* during the second quarter of 2026 was $91.5 million compared to $93.7 million for the prior quarter and $78.5 million for the second quarter of 2025. During the second quarter of 2026, the Company’s adjusted efficiency ratio* was 52.0%, compared to 54.3% in the previous quarter and 56.9% in the second quarter of 2025. Chief Financial Officer Michael Mettee commented, "The second quarter delivered meaningful growth in pre-tax pre-provision earnings, supported by strong loan production, stable margin performance, and disciplined expense management. We generated positive operating leverage, improved our efficiency ratio, and further demonstrated the earnings power of our franchise. We managed expenses well in a competitive personnel environment and remain focused on executing consistently and delivering sustained earnings growth." Credit Quality In the second quarter, the Company recorded provision expense of $9.7 million related to loans HFI and $0.5 million associated with unfunded loan commitments. At the end of the second quarter of 2026, the Company had an allowance for credit losses on loans HFI of $194.0 million, representing 1.51% of loans HFI compared to $186.3 million, or 1.49% of loans HFI, at the end of the prior quarter. The Company had net charge-offs of $2.0 million in the second quarter of 2026, representing annualized net charge-offs of 0.06% of average loans HFI, compared to 0.11% in the prior quarter and 0.02% in the second quarter of 2025. The Company’s nonperforming loans HFI as a percentage of total loans HFI increased to 1.17% as of the end of the second quarter of 2026, compared to 0.96% in the prior quarter and 0.97% in the second quarter of 2025. The increase was primarily concentrated in three lending relationships that migrated to nonperforming status during the quarter. Two of these relationships are reflected within the Company’s individually evaluated reserves, while the third is well-collateralized and continues to be actively managed. Nonperforming assets as a percentage of total assets were higher at 1.14% as of the end of the second quarter of 2026, compared to 0.98% at the end of the prior quarter and 0.92% as of the end of the second quarter of 2025, reflecting the impact of these same relationships. Holmes commented, "Credit losses remained low during the second quarter consistent with recent quarters. The allowance for credit losses increased primarily related to the strong loan growth and reserves on two individually assessed loans. Maintaining discipline in our underwriting and risk management practices continues to produce a stable and high performing credit portfolio." Capital The Company maintained its strong capital position in the second quarter, resulting in a preliminary total risk-based capital ratio of 12.9%, preliminary common equity tier 1 ratio of 11.0% and tangible common equity to tangible assets ratio* of 9.49%. The Company repurchased 1,546,707 shares during the quarter. Holmes continued, "Our capital position remains a significant strength for FirstBank. During the quarter, we returned capital to shareholders through share repurchases while continuing to support strong organic growth. Our balanced approach to capital deployment provides the flexibility to invest in future growth opportunities while continuing to create long-term value for shareholders." Summary Holmes finalized, "The second quarter reflected the strength of our franchise and the consistency of our execution. We generated solid loan growth, continued improving our funding profile, enhanced efficiency, maintained stable credit performance, and produced balanced, high-quality earnings. We remain well-positioned for the opportunities ahead and are focused on investing in our people, supporting our clients, and executing on our strategic priorities." WEBCAST AND CONFERENCE CALL INFORMATION FB Financial Corporation will host a conference call to discuss the Company’s financial results on July 14, 2026, at 8:00 a.m. (Central Time). To listen to the call, participants should dial 1-877-883-0383 (confirmation code 6281660) approximately 10 minutes prior to the call. A telephonic replay will be available approximately two hours after the call through July 21, 2026, by dialing 1-855-669-9658 and entering confirmation code 3893345. A live online broadcast of the Company’s quarterly conference call will be available online at https://event.choruscall.com/mediaframe/webcast.html?webcastid=8Q57Atkm. An online replay will be available on the Company’s website approximately two hours after the conclusion of the call and will remain available for 12 months. ABOUT FB FINANCIAL CORPORATION FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, in Tennessee, Kentucky, Alabama, and Georgia. FB Financial Corporation has approximately $16.8 billion in total assets and operates 90 full-service bank branches across its footprint. SUPPLEMENTAL FINANCIAL INFORMATION AND EARNINGS PRESENTATION Investors are encouraged to review this Earnings Release in conjunction with the Second Quarter 2026 Financial Supplement and Earnings Presentation posted on the Company’s website, which can be found at https://investors.firstbankonline.com. This Earnings Release, the Second Quarter 2026 Financial Supplement and the Earnings Presentation are also included with a Current Report on Form 8-K that the Company furnished to the U.S. Securities and Exchange Commission ("SEC") on July 13, 2026. FORWARD-LOOKING STATEMENTS Certain statements contained in this Earnings Release that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company’s future plans, results, strategies, and expectations, including expectations around changing economic markets. These statements can generally be identified by the use of the words and phrases "may," "will," "should," "could," "would," "goal," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target," "aim," "predict," "continue," "seek," and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management’s current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on the Company’s business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) the Company’s ability to identify potential candidates for, consummate, and achieve synergies from acquisitions, including risks that cost savings and other synergies from completed or future acquisitions may not be realized (or may be less than or delayed from expectations), challenges in integrating acquired businesses, disruptions to customer, employee, or other relationships, diversion of management attention, and the ability to effectively manage larger or more complex operations post-transaction, (7) the Company’s ability to manage any unexpected outflows of uninsured deposits and to avoid selling investment securities or other assets at an unfavorable time or at a loss, (8) the Company’s ability to successfully execute its various business strategies, (9) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, and changes in accounting standards, (10) the effectiveness of the Company’s controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (11) the Company’s dependence on information technology systems of third-party service providers and the risk of systems failures, interruptions, or breaches of security, (12) the impact, extent and timing of technological changes, including the adoption and use of artificial intelligence and other emerging technologies, (13) concentrations of credit or deposit exposure, (14) the impact of natural disasters, pandemics, acts or escalation of war or acts of terrorism, or other catastrophic events, (15) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, (16) the Company’s ability to attract, and retain key employees in a competitive labor market, (17) the Company’s ability to access capital and liquidity on terms acceptable to us, and/or (18) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward-looking statements contained herein can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in any of the Company’s subsequent filings with the SEC. Many of these factors are beyond the Company’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this Earnings Release, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. The Company qualifies all forward-looking statements by these cautionary statements. GAAP RECONCILIATION AND USE OF NON-GAAP FINANCIAL MEASURES This Earnings Release contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles ("GAAP") and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated and segment adjusted revenue, consolidated and segment adjusted noninterest expense and adjusted noninterest income, consolidated and segment adjusted efficiency ratio (tax-equivalent basis), and adjusted return on average assets and equity. Each of these non-GAAP metrics excludes certain income and expense items that the Company’s management considers to be adjusted in nature. The Company refers to these non-GAAP measures as adjusted measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles. The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of the Company’s operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-adjusted gains and charges in the current and prior periods. The Company’s management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company’s underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company’s results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures. A reconciliation of these non-GAAP measures to the most directly comparable GAAP financial measures is included in the Company’s Second Quarter 2026 Financial Supplement as Exhibit 99.2 to the Company’s Current Report on Form 8-K furnished to the SEC on July 13, 2026 and is also available at https://investors.firstbankonline.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260713022911/en/ Contacts MEDIA CONTACT: Keith [email protected] www.firstbankonline.com FINANCIAL CONTACT: Michael [email protected] [email protected]

Regional banking company FB Financial (NYSE:FBK) fell short of the market’s revenue expectations in Q2 CY2026, but sales rose 26.6% year on year to $174.8 million. Its non-GAAP profit of $1.14 per share was 1.2% below analysts’ consensus estimates. Is now the time to buy FB Financial? Find out in our full research report. Net Interest Income: $149 million vs analyst estimates of $148.9 million (33.7% year-on-year growth, in line) Net Interest Margin: 4% vs analyst estimates of 3.9% (6.4 basis point beat) Revenue: $174.8 million vs analyst estimates of $177.2 million (26.6% year-on-year growth, 1.4% miss) Efficiency Ratio: 52.3% vs analyst estimates of 53.8% (153.7 basis point beat) Adjusted EPS: $1.14 vs analyst expectations of $1.15 (1.2% miss) Tangible Book Value per Share: $31.19 vs analyst estimates of $31.84 (4.7% year-on-year growth, 2% miss) Market Capitalization: $2.92 billion Founded in 1906 and operating through more than a century of economic cycles, FB Financial (NYSE:FBK) operates FirstBank, providing commercial and consumer banking services across Tennessee, Kentucky, Alabama, and North Georgia. Net interest income and fee-based revenue are the two pillars supporting bank earnings. The former captures profit from the gap between lending rates and deposit costs, while the latter encompasses charges for banking services, credit products, wealth management, and trading activities. Regrettably, FB Financial’s revenue grew at a sluggish 2.6% compounded annual growth rate over the last five years. This fell short of our benchmarks and is a rough starting point for our analysis. We at StockStory place the most emphasis on long-term growth, but within financials, a half-decade historical view may miss recent interest rate changes, market returns, and industry trends. FB Financial’s annualized revenue growth of 19% over the last two years is above its five-year trend, suggesting its demand recently accelerated. Note: Quarters not shown were determined to be outliers because they were impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business. This quarter, FB Financial generated an excellent 26.6% year-on-year revenue growth rate, but its $174.8 million of revenue fell short of Wall Street’s high expectations. Net interest income made up 82.1% of the company’s total revenue during the last five years, meaning FB Financial barely relies on non-interest income to drive its overall growth. Our experience and research show the market cares primarily about a bank’s net interest income growth as non-interest income is considered a lower-quality and non-recurring revenue source. WHILE YOU’RE HERE: The Next Palantir? One satellite company captures images of every point on Earth. Every single day. The Pentagon wants it. Hedge funds are using it to beat earnings. You’ve probably never heard of it. This is what the early days of Palantir looked like before it became a giant. Same playbook. Different technology. If you missed Palantir, you need to see this. Claim The Stock Ticker for Free HERE. Banks are balance sheet-driven businesses because they generate earnings primarily through borrowing and lending. They’re also valued based on their balance sheet strength and ability to compound book value (another name for shareholders’ equity) over time. When analyzing banks, tangible book value per share (TBVPS) takes precedence over many other metrics. This measure isolates genuine per-share value by removing intangible assets of debatable liquidation worth. Traditional metrics like EPS are helpful but face distortion from M&A activity and loan loss accounting rules. FB Financial’s TBVPS grew at a decent 5.9% annual clip over the last five years. TBVPS growth has accelerated recently, growing by 7.8% annually over the last two years from $26.82 to $31.19 per share. Over the next 12 months, Consensus estimates call for FB Financial’s TBVPS to grow by 14.2% to $35.61, decent growth rate. We struggled to find many positives in these results. Its EPS slightly missed and its revenue fell slightly short of Wall Street’s estimates. Overall, this quarter could have been better. The stock traded down 2.4% to $55.59 immediately after reporting. FB Financial may have had a tough quarter, but does that actually create an opportunity to invest right now? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it’s free.

FB Financial (FBK) came out with quarterly earnings of $1.14 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this bank holding company would post earnings of $1.13 per share when it actually produced earnings of $1.12, delivering a surprise of -0.88%. Over the last four quarters, the company has surpassed consensus EPS estimates two times. FB Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $174.75 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.48%. This compares to year-ago revenues of $137.41 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FB Financial shares have added about 1.6% since the beginning of the year versus the S&P 500's gain of 10.7%. While FB Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FB Financial was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.18 on $178.9 million in revenues for the coming quarter and $4.66 on $705.78 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the bottom 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. OFG Bancorp (OFG), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 21. This financial holding company is expected to post quarterly earnings of $1.18 per share in its upcoming report, which represents a year-over-year change of +2.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. OFG Bancorp's revenues are expected to be $183.49 million, up 0.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FB Financial Corporation (FBK) : Free Stock Analysis Report OFG Bancorp (OFG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research