FB Financial Corporation ( (FBK) ) has released its Q1 earnings. Here is a breakdown of the information FB Financial Corporation presented to its investors.
FB Financial Corporation is a financial holding company based in Nashville, Tennessee, operating through its subsidiary FirstBank, with a network of branches and mortgage offices across the Southeast United States.
In its first quarter of 2025, FB Financial Corporation reported a net income of $39.4 million, or $0.84 per diluted share, showing an improvement from both the previous quarter and the same period last year. The company’s adjusted net income was slightly higher at $40.1 million, or $0.85 per diluted share.
Key financial highlights include a 7.14% annualized increase in loans held for investment, reaching $9.77 billion, and a stable deposit base at $11.20 billion. The net interest margin improved to 3.55%, driven by a decrease in the cost of interest-bearing deposits. Noninterest income also saw a rise, with mortgage banking income contributing significantly.
The company maintained a strong capital position with a total risk-based capital ratio of 15.2% and continued to optimize its balance sheet to manage growth and liquidity effectively. Despite a challenging economic environment, FB Financial Corporation’s credit quality remained stable, with a decrease in nonperforming loans.
Looking ahead, FB Financial Corporation’s management remains optimistic about leveraging its strong capital and liquidity positions to navigate economic uncertainties and capitalize on growth opportunities, including its pending merger with Southern States Bancshares, Inc.