Catherine Mealor

Russell Gunther

Brett Rabatin

Stephen Scouten

Christopher Marinac

Steve Moss

Stephen Moss

- 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.  **[0001649749_2180262:11]** 
- 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.  **[0001649749_2180262:11]** 
- The company saw its **Net Interest Margin (NIM) expand to 3.95%** and an improved **adjusted efficiency ratio of 53.3%** in Q3 2025.  **[0001649749_2180262:11]** 
- 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%**.  **[0001649749_2180262:11]** 
- 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.  **[0001649749_2180262:23]**

FirstBank Reports Q3 2025 Results Following Southern States Merger

- 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.  **[0001649749_2180983_1]** 
- 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%**.  **[0001649749_2180983_1]**  Adjusted net income for the quarter was **$57.6 million**.  **[0001649749_2180983_3]** 
- 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.  **[0001649749_2180983_4]** 
- 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.  **[0001649749_2180983_4]** **[0001649749_2180983_9]**  Full-year 2026 banking expenses are projected to be between **$325 million and $335 million**, aiming for an efficiency ratio in the low 50s.  **[0001649749_2180983_5]** 
- 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.  **[0001649749_2180983_2]** **[0001649749_2180983_3]** **[0001649749_2180983_8]**

FBK Reports Q3 2025 Results Following Southern States Bancshares Merger

- 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**.  **[1649749_0001649749-25-000208_a3q25pressreleasetablesfor.htm:1]** 
- 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.  **[1649749_0001649749-25-000208_a3q25pressreleasetablesfor.htm:1]** 
- 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%**.  **[1649749_0001649749-25-000208_a3q25pressreleasetablesfor.htm:1]** **[1649749_0001649749-25-000208_a3q25pressreleasetablesfor.htm:5]** **[1649749_0001649749-25-000208_a3q25fbkearningspresenta.htm:6]** 
- 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%**.  **[1649749_0001649749-25-000208_a3q25pressreleasetablesfor.htm:5]** **[1649749_0001649749-25-000208_a3q25fbkearningspresenta.htm:6]**  The company also **repurchased 493,243 shares** during the quarter.  **[1649749_0001649749-25-000208_a3q25pressreleasetablesfor.htm:5]**

FB Financial Corporation Reports Q3 2025 Financial Results

- 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**.  **[1649749_5ddae547c7a245788b5e672b8a4eb746_0]** 
- 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.  **[1649749_5ddae547c7a245788b5e672b8a4eb746_0]** **[1649749_5ddae547c7a245788b5e672b8a4eb746_2]** 
- The company's net interest margin (NIM) increased to **3.95%** for Q3 2025, up from 3.68% in the previous quarter.  **[1649749_5ddae547c7a245788b5e672b8a4eb746_0]** **[1649749_5ddae547c7a245788b5e672b8a4eb746_3]** 
- 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.  **[1649749_5ddae547c7a245788b5e672b8a4eb746_6]**

FB Financial Corporation Reports Strong Third Quarter 2025 Financial Results

- FB Financial Corporation's Board of Directors authorized a **$150 million** common stock repurchase program.  **[1649749_0001649749-25-000203_fbk-sharerepurchaseauthori.htm:0]** **[1649749_0001649749-25-000203_fbk-20250915.htm:2]** 
- This authorization is valid until **January 31, 2027**, and supersedes the company's previous repurchase authorization.  **[1649749_0001649749-25-000203_fbk-sharerepurchaseauthori.htm:0]** **[1649749_0001649749-25-000203_fbk-20250915.htm:2]** 
- 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.  **[1649749_0001649749-25-000203_fbk-sharerepurchaseauthori.htm:0]**

FB Financial Corporation Announces $150 Million Common Stock Repurchase Authorization

- 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.  **[1649749_0001649749-25-000194_fbk-20250902.htm:1]** **[1649749_0001649749-25-000194_a922025raymondjamesbankc.htm:1]** 
- The company completed its merger with Southern States Bancorp Inc., which had **$2.9 billion in Total Assets**, in **July 2025**.  **[1649749_0001649749-25-000194_a922025raymondjamesbankc.htm:7]**  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**.  **[1649749_0001649749-25-000194_a922025raymondjamesbankc.htm:6]** 
- 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**.  **[1649749_0001649749-25-000194_a922025raymondjamesbankc.htm:6]** **[1649749_0001649749-25-000194_a922025raymondjamesbankc.htm:7]**  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%**.  **[1649749_0001649749-25-000194_a922025raymondjamesbankc.htm:7]** **[1649749_0001649749-25-000194_a922025raymondjamesbankc.htm:8]** 
- Net Interest Income (NII) for **Q2 2025** was **$112.2 million** with a Net Interest Margin (NIM) of **3.68%**.  **[1649749_0001649749-25-000194_a922025raymondjamesbankc.htm:9]**  The Common Equity Tier 1 capital ratio stood at **12.3%**.   
- The company executed **~$34 million** in share buybacks during **Q2 2025**.

FB Financial (FBK)