EarningsQ3 2026 Earnings Report
MX:FBK1 Q3 2026 EPS Results
Actual EPS$22.09
Consensus EPS$22.05
Beat/MissBeat by +$0.04
One Year Ago EPS$19.53
MX:FBK1 Q3 2026 Revenue Results
Actual Revenue$4.76B
Expected Revenue$3.31B
Beat/MissBeat by +$1.44B
YoY Revenue Growth+0.07%
Earnings Announcement Details
QuarterQ3 2026
Date10/13/2026
TimeBefore Open
Conference CallTuesday, October 13, 2026
MX:FBK1 Upcoming Earnings
FB Financial's next earnings date is estimated for January 19, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:FBK1 Q3 2026 Earnings Call
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Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive, supported by strong loan and customer deposit growth, solid profitability, stable credit trends, healthy pipelines, strong capital ratios and continued expansion and talent investments. The main challenges were mortgage banking pressure, deposit-cost competition, net interest margin compression, higher expenses, the non-accrual interest reversal and expected seasonal moderation in fourth-quarter growth. Highlights significantly outweighed the lowlights.Company Guidance
Strong Earnings and Profitability
Third-quarter EPS was $1.2 and adjusted EPS was $1.21. Net income totaled $60.2 million, or $60.9 million on an adjusted basis. Return on average tangible common equity was 15.2%, or 15.7% on an adjusted basis, while return on average assets remained above 1.4%.
Robust Loan and Customer Deposit Growth
Loans grew at an annualized rate of 9.7%, at the very high end of the forecasted mid to high single-digit range. Customer deposits grew approximately 11.2% on an annualized basis, while total deposit growth was 8.8% after the decline in brokered deposits. Management expects full-year loan and deposit growth within its mid to high single-digit range.
Broad-Based Commercial and Consumer Expansion
Loan and deposit growth was fueled by commercial and consumer businesses and by attracting new customer relationships across business units. Community markets including Oliver, Newnan and Tuscaloosa performed well, while metro markets including Birmingham, Chattanooga and Knoxville also contributed solid production.
Healthy Pipelines and Customer Acquisition
Management reported healthy activity levels, strong loan and deposit pipelines, and meaningful opportunities to deepen existing relationships and add new customers. Loan utilization rates were down 2% to 3% on construction and commercial and industrial loans, leaving potential for growth toward the normal C&I utilization range of 46%.
Stable Loan Yields and Pricing Discipline
Contractual loan yields remained stable at 6.21%, while late-quarter production came in at approximately 6.44%. Management attributed the results to pricing discipline and its customer-focused approach.
Strong Core Deposit Franchise
The company strengthened its granular core deposit base through growth in active customer accounts and average balances, while adding several large commercial relationships. Management stated that relationship-based deposit gathering remains a long-term competitive advantage and that customer deposit growth could be double digits for the year.
Stable Credit Quality and Limited Loss Content
Overall credit trends remained stable. The allowance coverage ratio ended the quarter at 1.47%, while net charge-offs and non-performing asset ratios remained stable. Management said the approximately $13 million non-accrual loan is supported by adequate, mostly liquid collateral and is believed to have relatively low, if any, loss content.
Modest Provision Expense
Provision expense totaled $1.4 million. More favorable economic forecast assumptions were largely offset by reserves associated with loan growth, while individually evaluated credit activity was limited compared with the second quarter.
Mortgage Banking Customer-Relationship Progress
The company launched a program to deepen relationships with new mortgage customers through deposit and investment accounts. Among participating borrowers, 83% had a checking relationship with FirstBank, average deposit balances were approximately twice the existing customer average, median FICO scores were above the current portfolio average, and loan-to-value ratios were below secondary-market-originated loan values.
Mortgage Platform Transition and Strategic Optionality
Management said mortgage banking remains an important source of new customer relationships, balance-sheet growth and fee-income optionality. The company also stated that its mortgage platform and balance-sheet optionality allow it to retain selected higher-yield mortgage loans if appropriate, while lower rates could support later gain-on-sale income.
Capital Raising and Strong Regulatory Ratios
FB Financial issued $125 million of subordinated debt during the quarter to support loan growth and strategic initiatives. At quarter-end, the common equity Tier 1 ratio was 11%, the Tier 1 leverage ratio was 10%, and the total risk-based capital ratio was 13.6%, all described as well above regulatory requirements.
Balance-Sheet Flexibility
Approximately 61% of the investment portfolio was floating rate with relatively limited embedded unrealized losses. The securities portfolio represented about 9% of total assets, versus a historical range of up to approximately 14% to 15%, providing capacity to deploy excess deposits into floating-rate securities if pricing is attractive.
Share Repurchases and Capital Deployment
The company continued share repurchases during the quarter and said it would remain thoughtful and active about repurchasing shares at price levels considered appropriate. Management stated that capital levels provide flexibility to support growth, return capital to shareholders and pursue strategic opportunities.
Expansion in Western North Carolina
FB Financial converted its Asheville loan production office into a full-service location, establishing a presence in North Carolina. Management identified Western North Carolina as a target expansion area and said it expects to continue building its presence and brand there.
Hiring and Internal Talent Development
The company hired around 10 people during the quarter across community and metro markets, including Nashville, and said its talent pipeline was as full as it has ever been. Management is focused on recruiting relationship-oriented employees while developing early-career associates who have grown into important relationship-management roles.
Positive Market Outlook and Growth Ambitions
Management said customer activity remains healthy, employment trends are healthy, commercial activity is solid, and Southeast markets remain positioned to outperform many areas of the country. The company expects to continue pursuing market-share gains, expand its presence in existing and new markets, and deliver sustainable long-term value.
MX:FBK1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed