FB Financial (FBK) Company Report

FB Financial Corporation announced a registered direct offering where the Estate of James W. Ayers (Selling Shareholder) will sell 2,162,052 shares of common stock to institutional investors at a purchase price of $51.50 per share.
The company is not selling any shares in this offering and will not receive any net proceeds from it.
Concurrently, FB Financial Corporation entered into a separate agreement to repurchase 1,717,948 shares of common stock from the Estate of James W. Ayers at the same $51.50 per share.
Both the offering and the repurchase are expected to close on November 17, 2025.

Nov 14, 2025, 1:32 PM

8-K

FB Financial Corporation Completes Acquisition of Southern States Bancshares, Inc.

FBK

M&A

Earnings

FB Financial Corporation completed its acquisition of Southern States Bancshares, Inc. on July 1, 2025.
The document includes unaudited pro forma condensed combined income statements for the combined entity for the nine months ended September 30, 2025, showing a pro forma Net Income of $90,846 thousand and Diluted EPS of $1.67.
These pro forma statements illustrate the merger's effect as if it occurred on January 1, 2024, while FB Financial's actual reported results for the nine months ended September 30, 2025, include Southern States' financial impact from July 1, 2025, through September 30, 2025.
Historical unaudited financial statements for Southern States Bancshares, Inc. are also provided for the six months ended June 30, 2025.

Nov 13, 2025, 9:26 PM

8-K

FB Financial Corporation Completes Southern States Bancorp Merger, Reports Q3 2025 Financials

FBK

M&A

Earnings

Guidance Update

FB Financial Corporation completed its merger with Southern States Bancorp Inc. in Q3 2025, with the deal closing on July 1, 2025, and system conversion completed on September 2, 2025.
The merger significantly expanded the company's balance sheet, with Total Assets reaching $16.2 billion, Total Loans $12.5 billion, and Total Deposits $13.8 billion as of September 30, 2025.
Financial performance in Q3 2025 saw Net Interest Income increase to $148.1 million and Net Interest Margin rise to 3.95%, benefiting from the Southern States acquisition. Management noted that deal economics remain solid, with 2026 EPS accretion projected at approximately 12%.
The company maintains a strong capital position post-merger, with a preliminary Common Equity Tier 1 (CET1) ratio of 11.7% and $1.9 billion in on-balance sheet liquidity as of September 30, 2025.

Nov 5, 2025, 9:32 PM

8-K

FirstBank Reports Q3 2025 Results Following Southern States Merger

FBK

Earnings

M&A

Guidance Update

FirstBank reported adjusted net income of $57.6 million and adjusted diluted earnings per common share of $1.07 for Q3 2025, which excludes $44 million in pre-tax merger-related provision and integration expenses.
The merger with Southern States Bancshares Inc. closed on July 1, 2025, with Q3 representing a full quarter of combined company results, leading to $16.2 billion in assets, $12.3 billion in loans, and $13.8 billion in deposits at quarter-end.
The company saw its Net Interest Margin (NIM) expand to 3.95% and an improved adjusted efficiency ratio of 53.3% in Q3 2025.
Capital remains strong with a Tangible Common Equity to Tangible Assets ratio of 10.1% and a CET 1 Ratio of 11.7%, while asset quality metrics show an ACL coverage ratio of 1.50% and annualized net charge-offs of 0.05%.
Deal synergies are ahead of schedule, with 50% cost savings realized in 2025 and 100% expected in 2026, and 2026 EPS accretion projected to be ~12%, which is better than expected.

Oct 14, 2025, 1:00 PM

Presentation

FBK Reports Q3 2025 Results Following Southern States Bancshares Merger

FBK

Earnings

M&A

Guidance Update

FBK completed its merger with Southern States Bancshares, officially closing on July 1 and completing systems conversion over Labor Day weekend, with Q3 2025 being the first quarter reporting on the combined entity.
For Q3 2025, FBK reported an adjusted pre-tax pre-provision net revenue (PPNR) of $81 million, a net interest margin (NIM) of 3.95%, and an adjusted efficiency ratio of 53.3%. Adjusted net income for the quarter was $57.6 million.
The company experienced organic quarter-over-quarter loan growth of $156 million (approximately 5% annualized) and generated approximately $320 million in net new deposit balances from a targeted campaign.
FBK expects its net interest margin to be between 3.80% and 3.90% for the back half of 2025 and into 2026, including accretion and two assumed rate cuts. Full-year 2026 banking expenses are projected to be between $325 million and $335 million, aiming for an efficiency ratio in the low 50s.
Management remains bullish on growth opportunities in its markets and plans to pursue both organic growth and strategic acquisitions, leveraging earlier-than-expected cost savings from the Southern States deal.

Oct 14, 2025, 1:00 PM

Transcript

FB Financial Corporation Reports Q3 2025 Financial Results

FBK

Earnings

M&A

Share Buyback

FB Financial Corporation reported net income of $23.4 million and diluted EPS of $0.43 for the third quarter of 2025, with adjusted net income of $57.6 million and adjusted diluted EPS of $1.07.
The company's loans held for investment (HFI) increased to $12.30 billion and deposits reached $13.81 billion as of September 30, 2025, primarily driven by the merger with Southern States Bancshares, Inc., which closed on July 1, 2025.
Net interest margin (NIM) expanded to 3.95% for the quarter, and the company maintained a strong capital position with a preliminary total risk-based capital ratio of 13.5% and a tangible common equity to tangible assets ratio of 10.1%.
Credit quality remained stable, evidenced by an allowance for credit losses on loans HFI of 1.50% and annualized net charge-offs of 0.05%. The company also repurchased 493,243 shares during the quarter.

Oct 14, 2025, 10:18 AM

8-K

FB Financial Corporation Reports Strong Third Quarter 2025 Financial Results

FBK

Earnings

M&A

Share Buyback

FB Financial Corporation reported net income of $23.4 million and diluted EPS of $0.43 for the third quarter of 2025, with adjusted diluted EPS of $1.07.
Loans held for investment (HFI) grew to $12.30 billion and total deposits reached $13.81 billion by September 30, 2025, largely due to the merger with Southern States Bancshares, Inc. which closed on July 1, 2025.
The company's net interest margin (NIM) increased to 3.95% for Q3 2025, up from 3.68% in the previous quarter.
FB Financial maintained a strong capital position, with a preliminary total risk-based capital ratio of 13.5%, and repurchased 493,243 shares during the quarter.

Oct 14, 2025, 10:15 AM

Press Release

FB Financial Corporation Announces $150 Million Common Stock Repurchase Authorization

FBK

Share Buyback

FB Financial Corporation's Board of Directors authorized a $150 million common stock repurchase program.
This authorization is valid until January 31, 2027, and supersedes the company's previous repurchase authorization.
The program reflects the company's financial strength and profitability, aiming to deploy capital to deliver superior returns and create long-term value for shareholders.

Sep 15, 2025, 8:22 PM

8-K

FB Financial Corp. Reports Q2 2025 Results and Merger Completion Ahead of Investor Presentation

FBK

Earnings

M&A

Share Buyback

FB Financial Corporation's management will present at the Raymond James U.S. Bank Conference on September 3, 2025, utilizing a Third Quarter 2025 Investor Presentation.
The company completed its merger with Southern States Bancorp Inc., which had $2.9 billion in Total Assets, in July 2025. On a pro forma combined basis, the company is projected to have $16.0 billion in Total assets, $12.2 billion in Total loans, and $13.6 billion in Total deposits.
For Q2 2025, FB Financial reported $13.4 billion in Total assets, $10.0 billion in Total loans, and $11.4 billion in Total deposits. Key profitability metrics included an Adjusted Return on Average Assets (ROAA) of 1.24% and an Adjusted Return on Average Tangible Common Equity (ROATCE) of 12.4%.
Net Interest Income (NII) for Q2 2025 was $112.2 million with a Net Interest Margin (NIM) of 3.68%. The Common Equity Tier 1 capital ratio stood at 12.3%.
The company executed ~$34 million in share buybacks during Q2 2025.