Want to see FBK full AI Analyst Report?
Top Page
FB Financial
(NYSE:FBK)
Select Model
Select Model
Rating:66Neutral
Price Target:
$57.00
â–¼(-0.49% Downside)
Action:Downgraded
Date:09/24/26
Overall score reflects solid and improving financial performance (profitability rebound, conservative leverage, and strong cash conversion) and a constructive earnings outlook with disciplined capital deployment. These positives are tempered by weak technicals (below major moving averages with negative momentum) and only moderately supportive valuation (P/E 14 with a modest ~1.56% yield).
Positive Factors
Loan and deposit growth
Strong loan and deposit growth shows FB Financial is expanding both earning assets and funding capacity across multiple markets. Broad-based growth can support recurring net interest income and deepen customer relationships, creating a durable platform for continued regional banking expansion.
Negative Factors
Higher credit provisions and nonperforming assets
The rise in provisions and nonperforming assets signals that credit costs are becoming a more meaningful earnings consideration. Although management described the issues as concentrated, further deterioration in these relationships or additional problem credits could reduce profitability and capital flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Loan and deposit growth
Strong loan and deposit growth shows FB Financial is expanding both earning assets and funding capacity across multiple markets. Broad-based growth can support recurring net interest income and deepen customer relationships, creating a durable platform for continued regional banking expansion.
Read all positive factors
FB Financial (FBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.59B
Dividend Yield1.59%
Average Volume (3M)497.09K
Price to Earnings (P/E)13.8
Beta (1Y)0.95
Revenue Growth43.18%
EPS Growth94.72%
CountryUS
Employees1,594
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.76
Shares Outstanding49,978,138
10 Day Avg. Volume843,999
30 Day Avg. Volume497,089
Financial Highlights & Ratios
PEG Ratio-7.21
Price to Book (P/B)1.52
Price to Sales (P/S)3.37
P/FCF Ratio20.14
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$66.00Price Target Upside15.22% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)4.69
Revenue Forecast (FY)$712.87M
FB Financial Business Overview & Revenue Model
Company Description
FB Financial Corporation functions as the parent entity for FirstBank, offering an extensive array of commercial and consumer banking solutions tailored for businesses, professionals, and individual clients. The company organizes its activities in...
How the Company Makes Money
FB Financial primarily makes money through its banking operations. The largest driver is net interest income: the company earns interest and fees on loans and other interest-earning assets (such as investment securities) and pays interest on depos...
FB Financial Earnings Call Summary
Earnings Call Date:Jul 13, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 13, 2026
Earnings Call Sentiment Positive
The call highlighted strong quarter-over-quarter performance: double-digit annualized loan growth (11.6%), mid-single-digit deposit growth (7.7% annualized), an 8% increase in pretax pre-provision net revenue, solid EPS ($1.13 GAAP, $1.14 adjusted), improved efficiency (52.3%) and robust capital ratios with an active share repurchase program (≈3% of shares). Offsetting these positives were higher provision expense (+~$7M), an uptick in nonperforming assets tied to three specific relationships, a modest decline in mortgage banking revenue ($1.1M) due to holding loans on the balance sheet, and anticipated margin and deposit-cost pressures from elevated competition; management expects some expense normalization as hiring resumes. On balance, the company presented strong operating momentum, disciplined capital deployment and manageable credit issues tied to a few specific credits rather than broad portfolio weakness.Positive Updates
Strong Earnings and EPS
Reported GAAP EPS of $1.13 and adjusted EPS of $1.14; net income of $58.6 million (adjusted $58.9 million).
Negative Updates
Increase in Provision Expense and Allowance Build
Provision expense rose to $10.1 million for the quarter, an increase of roughly $7 million sequentially; allowance coverage ended the period at 1.51% driven primarily by loan growth and several specific reserves.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Earnings and EPS
Reported GAAP EPS of $1.13 and adjusted EPS of $1.14; net income of $58.6 million (adjusted $58.9 million).
Read all positive updates
Company Guidance
Management reiterated full‑year targets of mid‑to‑high single‑digit loan growth (they remain comfortable with that range) and mid‑to‑high single‑digit deposit growth (currently trending toward the lower end), a full‑year NIM (ex loan accretion) of 3.7–3.8%, banking noninterest expense of $325–335 million, and a consolidated efficiency ratio at or around 50% by year‑end. They assume one Fed hike in Q3 2026, remain slightly asset‑sensitive (≈52% of loans floating; investment portfolio ~55–60% floating), expect blended new loan yields near 6.35–6.40% (all‑in loan yield 6.48%) and blended new deposit costs ~2.60–2.70% (quarterly deposit cost 2.26%; quarterly NIM 3.95%). Quarter metrics noted included EPS $1.13 (adj. $1.14), net income $58.6M (adj. $58.9M), PPNR $83.3M, annualized loan growth 11.6%, deposit growth 7.7%, allowance coverage 1.51%, provision $10.1M, annualized net charge‑offs ~6 bps, and strong capital (CET1 11%, Tier‑1 leverage 10.1%, total risk‑based 12.9%; TCE target ≈9%); management also said they remain opportunistic on buybacks (≈3% of shares repurchased this quarter, two‑thirds via a single charity transaction).FB Financial Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.03B | 877.84M | 766.77M | 748.98M | 596.35M | 613.25M |
| Gross Profit | 650.78M | 516.73M | 445.74M | 475.25M | 508.19M | 616.62M |
| EBITDA | 272.52M | 150.70M | 161.58M | 165.13M | 172.18M | 256.94M |
| Net Income | 196.53M | 122.62M | 116.03M | 120.22M | 124.56M | 190.28M |
Balance Sheet | ||||||
| Total Assets | 16.80B | 16.30B | 13.16B | 12.60B | 12.85B | 12.60B |
| Cash, Cash Equivalents and Short-Term Investments | 147.03M | 1.56B | 1.74B | 1.71B | 2.29B | 3.35B |
| Total Debt | 372.45M | 283.21M | 246.55M | 468.35M | 494.99M | 226.52M |
| Total Liabilities | 14.86B | 14.35B | 11.59B | 11.15B | 11.52B | 11.16B |
| Stockholders Equity | 1.94B | 1.95B | 1.57B | 1.45B | 1.33B | 1.43B |
Cash Flow | ||||||
| Free Cash Flow | 198.17M | 147.01M | 132.25M | 190.84M | 789.08M | 48.78M |
| Operating Cash Flow | 207.05M | 155.86M | 138.80M | 211.07M | 799.71M | 54.88M |
| Investing Cash Flow | -525.89M | -32.48M | -294.00M | -55.22M | -1.75B | -849.56M |
| Financing Cash Flow | 265.47M | -9.97M | 386.76M | -371.98M | 184.10M | 1.27B |
FB Financial Technical Analysis
Negative
57.28
Price Trends
57.38
Negative
55.87
Negative
55.60
Negative
Market Momentum
-1.51
Positive
23.92
Positive
6.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBK, the sentiment is Negative. The current price of 57.28 is above the 20-day moving average (MA) of 54.12, below the 50-day MA of 57.38, and above the 200-day MA of 55.60, indicating a bearish trend. The MACD of -1.51 indicates Positive momentum. The RSI at 23.92 is Positive, neither overbought nor oversold. The STOCH value of 6.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FBK.
FB Financial Risk Analysis
FB Financial disclosed 37 risk factors in its most recent earnings report. FB Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
FB Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $847.06M | 14.49 | 10.30% | 0.69% | 11.51% | 37.08% | |
73 Outperform | $2.63B | 11.35 | 11.01% | 2.21% | -0.31% | 10.81% | |
71 Outperform | $4.05B | 10.90 | 10.33% | 3.03% | 4.05% | 38.82% | |
68 Neutral | $3.60B | 11.57 | 8.13% | 2.42% | 27.48% | 31.72% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $2.59B | 13.75 | 10.03% | 1.59% | 43.18% | 94.72% | |
66 Neutral | $3.25B | -7.53 | -10.21% | 3.80% | -56.95% | -299.43% |
* Financial Sector Average
FBK
FB Financial
51.70
-3.50
-6.34%
RNST
Renasant
38.88
3.32
9.35%
SFNC
Simmons 1st Nat'l
22.58
3.97
21.35%
TRMK
Trustmark
44.83
6.64
17.38%
UCB
United Community Banks
33.35
3.36
11.19%
SMBK
SmartFinancial
49.57
14.42
41.04%
FB Financial Corporate Events
Business Operations and StrategyPrivate Placements and Financing
FB Financial Completes $125 Million Subordinated Notes Offering
Positive
Sep 24, 2026
On September 24, 2026, FB Financial Corporation completed a $125 million offering of 6.625% fixed-to-floating rate subordinated notes due 2036, issued under a subordinated indenture with U.S. Bank Trust Company, National Association, as trustee. T...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
FB Financial Updates Fixed Income Investor Presentation Materials
Neutral
Sep 21, 2026
On September 21, 2026, FB Financial Corporation released an updated fixed income investor presentation for use in meetings with investors, analysts and other market participants, formally making the materials available through its latest regulator...
Business Operations and StrategyRegulatory Filings and Compliance
FB Financial Releases Fixed Income Investor Risk Presentation
Neutral
Sep 17, 2026
On September 17, 2026, FB Financial Corporation released a fixed income investor presentation for use in meetings with investors, analysts and other market participants. The materials outline the company’s use of non-GAAP financial measures,...
Business Operations and StrategyFinancial Disclosures
FB Financial Highlights Non-GAAP Metrics at Investor Conference
Neutral
Jul 27, 2026
On July 28, 2026, FB Financial’s management team presented at the Keefe, Bruyette Woods Summer Bank Conference, using a third-quarter investor slide deck that was simultaneously made available on its investor website for market participants...
Stock BuybackFinancial Disclosures
FB Financial posts strong second-quarter 2026 results
Positive
Jul 13, 2026
FB Financial Corporation reported strong second-quarter 2026 results on July 13, 2026, posting net income of $58.6 million, or $1.13 per diluted share, up from $1.10 in the prior quarter and $0.06 a year earlier, with adjusted earnings of $1.14 pe...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.