FB Financial (NYSE:FBK) Posts Earnings Results

Key Points

• FB Financial met earnings expectations, reporting quarterly EPS of $1.21, while revenue of $175.62 million fell short of the $181.56 million analyst consensus. Net margin was 19.00% and return on equity was 12.08%.
• The company paid a quarterly dividend of $0.21 per share, equivalent to $0.84 annually and a 1.6% yield, with a payout ratio of 22.52%.
• Analysts remain broadly positive, with the stock carrying an average “Buy” rating and a consensus price target of $64.67; shares opened at $52.97 after the results.

FB Financial (NYSE:FBK - Get Free Report) announced its earnings results on Tuesday. The financial services provider reported $1.21 EPS for the quarter, hitting the consensus estimate of $1.21, FiscalAI reports. FB Financial had a net margin of 19.00% and a return on equity of 12.08%. The company had revenue of $175.62 million for the quarter, compared to analysts' expectations of $181.56 million.

FB Financial Stock Up 0.6%

Shares of FB Financial stock opened at $52.97 on Tuesday. FB Financial has a 12-month low of $49.24 and a 12-month high of $62.65. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 14.20 and a beta of 0.98. The firm's 50-day moving average price is $56.30 and its two-hundred day moving average price is $55.31.

FB Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Shareholders of record on Tuesday, August 11th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, August 11th. FB Financial's dividend payout ratio is presently 22.52%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FBK. Weiss Ratings upgraded FB Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday. Benchmark increased their price target on FB Financial from $64.00 to $67.00 and gave the stock a "buy" rating in a research report on Wednesday, July 15th. Raymond James Financial raised their price objective on FB Financial from $62.00 to $63.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, July 1st. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of FB Financial in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating and six have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $64.67.

About FB Financial

FB Financial Corporation is a bank holding company headquartered in Nashville, Tennessee. Its principal subsidiary, FirstBank, provides banking and financial services to individuals, businesses and institutions through a regional branch network and digital banking channels.

FirstBank's offerings include personal and business deposit accounts, residential and commercial real estate lending, consumer loans, commercial and industrial financing, treasury management, wealth management and mortgage banking services.

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