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FB Financial (FBK) Financials

FB Financial logo
$58.14 -1.07 (-1.81%)
Closing price 10/9/2025 03:59 PM Eastern
Extended Trading
$58.49 +0.35 (+0.60%)
As of 10/9/2025 06:06 PM Eastern
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Annual Income Statements for FB Financial

Annual Income Statements for FB Financial

This table shows FB Financial's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 125 120 116
Consolidated Net Income / (Loss)		 125 120 116
Net Income / (Loss) Continuing Operations		 125 120 116
Total Pre-Tax Income 		160 150 147
Total Revenue		 527 478 456
Net Interest Income / (Expense)		 412 407 417
Total Interest Income		 481 678 726
Loans and Leases Interest Income		 436 599 626
Investment Securities Interest Income		 33 34 55
Other Interest Income		 12 45 44
Total Interest Expense		 69 271 309
Deposits Interest Expense		 57 259 296
Long-Term Debt Interest Expense		 13 12 13
Total Non-Interest Income		 115 71 39
Other Service Charges		 115 85 98
Net Realized & Unrealized Capital Gains on Investments		 -0.64 -14 -59
Provision for Credit Losses		 19 2.54 12
Total Non-Interest Expense		 348 325 297
Salaries and Employee Benefits		 211 203 184
Net Occupancy & Equipment Expense		 33 37 36
Marketing Expense		 11 8.27 7.01
Property & Liability Insurance Claims		 15 8.89 7.68
Other Operating Expenses		 73 63 60
Amortization Expense		 4.59 3.66 2.95
Income Tax Expense		 35 30 31
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.02 0.02 0.02
Basic Earnings per Share		 $2.64 $2.57 $2.48
Weighted Average Basic Shares Outstanding		 46.63M 46.86M 46.68M
Diluted Earnings per Share		 $2.64 $2.57 $2.48
Weighted Average Diluted Shares Outstanding		 46.63M 46.86M 46.68M
Weighted Average Basic & Diluted Shares Outstanding		 46.63M 46.86M 46.68M
Cash Dividends to Common per Share		 $0.52 $0.60 $0.68

Quarterly Income Statements for FB Financial

This table shows FB Financial's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 32 38 36 35 19 29 28 40 10 38 39
Consolidated Net Income / (Loss)		 32 38 36 35 19 29 28 40 10 38 39
Net Income / (Loss) Continuing Operations		 32 38 36 35 19 29 28 40 10 38 39
Total Pre-Tax Income 		41 48 46 45 23 36 34 51 11 50 49
Total Revenue		 134 128 127 125 109 116 107 128 90 130 131
Net Interest Income / (Expense)		 111 110 104 102 101 101 99 103 106 108 108
Total Interest Income		 128 148 159 170 174 175 176 177 186 186 180
Loans and Leases Interest Income		 117 133 140 149 154 156 156 155 159 157 153
Investment Securities Interest Income		 8.66 8.51 8.37 8.29 8.19 9.55 11 13 15 16 16
Other Interest Income		 3.16 5.91 11 13 12 9.54 9.98 8.90 12 13 11
Total Interest Expense		 17 37 56 69 73 74 77 75 80 78 72
Deposits Interest Expense		 13 31 53 65 70 71 73 72 76 76 70
Long-Term Debt Interest Expense		 3.97 5.64 2.96 3.38 3.16 2.87 4.01 3.30 3.52 1.86 1.82
Total Non-Interest Income		 23 17 23 24 8.04 15 7.96 26 -16 22 23
Other Service Charges		 22 18 23 23 22 16 24 26 24 24 24
Net Realized & Unrealized Capital Gains on Investments		 0.29 -0.23 -0.11 0.51 -14 -0.31 -16 -0.28 -40 -2.16 -0.61
Provision for Credit Losses		 11 -0.46 0.49 -1.08 2.82 0.31 0.78 2.22 1.91 7.08 2.29
Total Non-Interest Expense		 82 80 80 81 83 80 72 75 76 73 80
Salaries and Employee Benefits		 51 46 49 52 54 48 45 46 48 45 48
Net Occupancy & Equipment Expense		 8.35 8.39 8.02 8.63 8.77 12 9.02 8.61 9.13 9.13 8.91
Marketing Expense		 2.05 3.09 2.13 2.00 2.12 2.01 1.17 1.86 1.95 2.03 2.49
Property & Liability Insurance Claims		 4.45 4.86 3.11 2.20 1.76 1.82 1.92 1.98 1.90 1.88 1.99
Other Operating Expenses		 15 17 17 16 15 15 15 16 15 14 17
Amortization Expense		 1.11 1.04 0.99 0.94 0.89 0.84 0.79 0.75 0.72 0.69 0.66
Restructuring Charge		 - - - - - - - - - - 0.40
Income Tax Expense		 8.93 10 9.70 9.84 3.98 6.55 6.30 11 1.17 12 9.47
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00 0.01 0.00
Basic Earnings per Share		 $0.68 $0.81 $0.78 $0.75 $0.41 $0.63 $0.60 $0.85 $0.22 $0.81 $0.84
Weighted Average Basic Shares Outstanding		 46.93M 46.63M 46.78M 46.80M 46.84M 46.86M 46.99M 46.64M 46.66M 46.68M 45.95M
Diluted Earnings per Share		 $0.68 $0.81 $0.78 $0.75 $0.41 $0.63 $0.59 $0.85 $0.22 $0.82 $0.84
Weighted Average Diluted Shares Outstanding		 46.93M 46.63M 46.78M 46.80M 46.84M 46.86M 46.99M 46.64M 46.66M 46.68M 45.95M
Weighted Average Basic & Diluted Shares Outstanding		 46.93M 46.63M 46.78M 46.80M 46.84M 46.86M 46.99M 46.64M 46.66M 46.68M 45.95M
Cash Dividends to Common per Share		 $0.13 - $0.15 $0.15 $0.15 - $0.17 $0.17 $0.17 - $0.19

Annual Cash Flow Statements for FB Financial

This table details how cash moves in and out of FB Financial's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -771 -216 232
Net Cash From Operating Activities		 800 211 139
Net Cash From Continuing Operating Activities		 800 212 139
Net Income / (Loss) Continuing Operations		 125 120 116
Consolidated Net Income / (Loss)		 125 120 116
Provision For Loan Losses		 16 2.54 12
Depreciation Expense		 8.02 11 12
Amortization Expense		 13 9.46 4.86
Non-Cash Adjustments to Reconcile Net Income		 584 74 15
Changes in Operating Assets and Liabilities, net		 54 -5.60 -21
Net Cash From Investing Activities		 -1,754 -55 -294
Net Cash From Continuing Investing Activities		 -1,754 -55 -294
Purchase of Property, Leasehold Improvements and Equipment		 -11 -20 -6.55
Purchase of Investment Securities		 -1,955 -299 -1,127
Sale of Property, Leasehold Improvements and Equipment		 0.88 0.12 1.01
Sale and/or Maturity of Investments		 211 264 839
Net Cash From Financing Activities		 184 -372 387
Net Cash From Continuing Financing Activities		 184 -372 387
Net Change in Deposits		 29 -313 658
Issuance of Debt		 175 0.00 0.00
Issuance of Common Equity		 1.21 0.72 0.88
Repayment of Debt		 0.00 -45 -130
Repurchase of Common Equity		 -40 -4.94 -13
Payment of Dividends		 -25 -28 -32
Other Financing Activities, Net		 43 18 -97
Cash Interest Paid		 64 261 304
Cash Income Taxes Paid		 0.91 38 43

Quarterly Cash Flow Statements for FB Financial

This table details how cash moves in and out of FB Financial's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -255 409 293 -160 -312 -37 60 -70 151 91 -248
Net Cash From Operating Activities		 215 56 98 8.23 30 74 36 31 48 24 -16
Net Cash From Continuing Operating Activities		 215 56 98 8.23 30 75 36 31 48 24 -16
Net Income / (Loss) Continuing Operations		 32 38 36 35 19 29 28 40 10 38 39
Consolidated Net Income / (Loss)		 32 38 36 35 19 29 28 40 10 38 39
Provision For Loan Losses		 11 -1.46 0.24 -1.28 2.62 0.96 0.83 2.30 1.99 7.12 2.31
Depreciation Expense		 2.06 1.91 2.23 2.45 2.68 3.82 2.84 2.86 3.26 3.01 2.77
Amortization Expense		 1.74 2.23 2.15 2.67 2.25 2.39 2.24 1.93 1.16 -0.48 0.14
Non-Cash Adjustments to Reconcile Net Income		 157 -6.28 42 -14 6.52 39 1.35 -22 56 -20 -34
Changes in Operating Assets and Liabilities, net		 12 21 15 -17 -3.15 -0.51 1.06 5.59 -25 -3.16 -27
Net Cash From Investing Activities		 -468 -176 -18 72 67 -176 110 -40 -210 -153 -200
Net Cash From Continuing Investing Activities		 -468 -176 -18 72 67 -176 110 -40 -210 -153 -200
Purchase of Property, Leasehold Improvements and Equipment		 -2.84 -4.57 -9.45 -3.13 -3.99 -3.67 -1.62 -2.24 -1.12 -1.57 -1.66
Purchase of Investment Securities		 -514 -205 -53 36 -45 -238 -164 -108 -626 -230 -279
Sale of Property, Leasehold Improvements and Equipment		 - - 0.00 - 0.11 0.02 0.14 0.15 0.20 0.52 1.83
Sale and/or Maturity of Investments		 49 34 44 39 115 66 275 70 416 77 79
Net Cash From Financing Activities		 -1.96 529 213 -240 -409 64 -87 -60 314 220 -32
Net Cash From Continuing Financing Activities		 -1.96 529 213 -240 -409 64 -87 -60 314 220 -32
Net Change in Deposits		 -533 849 326 -310 -235 -93 -48 -37 508 234 -8.44
Issuance of Common Equity		 0.53 - 0.32 - 0.40 - 0.40 - 0.48 - 0.42
Repayment of Debt		 - - -50 - -137 142 -31 31 -219 89 -3.71
Repurchase of Common Equity		 - -7.24 -4.94 - - - 0.00 -13 - - -9.89
Payment of Dividends		 -5.98 -6.27 -6.99 -7.18 -6.86 -7.03 -8.00 -8.07 -7.78 -7.93 -9.00
Other Financing Activities, Net		 -3.34 58 -52 78 -30 22 -0.63 -33 32 -95 -1.06
Cash Interest Paid		 16 32 53 64 69 76 75 75 79 74 77
Cash Income Taxes Paid		 0.08 0.10 -0.90 30 8.54 0.06 0.28 20 14 9.02 -8.76

Annual Balance Sheets for FB Financial

This table presents FB Financial's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Total Assets		 12,848 12,604 13,157
Cash and Due from Banks		 260 147 120
Federal Funds Sold		 211 83 126
Interest Bearing Deposits at Other Banks		 557 581 797
Trading Account Securities		 1,614 1,540 1,665
Loans and Leases, Net of Allowance		 9,164 9,258 9,450
Loans and Leases		 9,298 9,409 9,602
Allowance for Loan and Lease Losses		 134 150 152
Premises and Equipment, Net		 146 156 149
Goodwill		 243 243 243
Intangible Assets		 12 8.71 5.76
Other Assets		 566 512 530
Total Liabilities & Shareholders' Equity		 12,848 12,604 13,157
Total Liabilities		 11,522 11,150 11,590
Non-Interest Bearing Deposits		 2,677 2,218 2,116
Interest Bearing Deposits		 8,179 8,330 9,094
Long-Term Debt		 416 391 177
Other Long-Term Liabilities		 251 210 203
Total Equity & Noncontrolling Interests		 1,326 1,455 1,568
Total Preferred & Common Equity		 1,325 1,455 1,568
Total Common Equity		 1,325 1,455 1,568
Common Stock		 908 911 907
Retained Earnings		 587 678 762
Accumulated Other Comprehensive Income / (Loss)		 -169 -135 -102
Noncontrolling Interest		 0.09 0.09 0.09

Quarterly Balance Sheets for FB Financial

This table presents FB Financial's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 12,258 13,101 12,887 12,490 12,548 12,535 12,920 13,136
Cash and Due from Banks		 193 134 148 188 125 193 126 150
Federal Funds Sold		 115 64 48 130 101 92 97 110
Interest Bearing Deposits at Other Banks		 310 1,122 964 530 645 516 728 535
Trading Account Securities		 1,616 1,557 1,522 1,455 1,547 1,589 1,671 1,753
Loans and Leases, Net of Allowance		 8,971 9,227 9,185 9,141 9,137 9,154 9,322 9,621
Loans and Leases		 9,105 9,366 9,326 9,287 9,289 9,310 9,478 9,772
Allowance for Loan and Lease Losses		 134 139 141 146 152 155 156 151
Premises and Equipment, Net		 143 153 155 156 155 155 153 146
Goodwill		 243 243 243 243 243 243 243 243
Intangible Assets		 13 11 10 9.55 7.92 7.17 6.45 5.11
Other Assets		 579 515 537 561 511 514 502 501
Total Liabilities & Shareholders' Equity		 12,258 13,101 12,887 12,490 12,548 12,535 12,920 13,136
Total Liabilities		 10,977 11,731 11,500 11,117 11,069 11,035 11,358 11,534
Non-Interest Bearing Deposits		 2,967 2,489 2,400 2,358 2,182 2,187 2,226 2,164
Interest Bearing Deposits		 7,040 8,694 8,472 8,281 8,323 8,281 8,750 9,038
Long-Term Debt		 723 312 390 227 361 361 182 169
Other Long-Term Liabilities		 248 236 238 251 203 206 199 163
Total Equity & Noncontrolling Interests		 1,281 1,370 1,387 1,373 1,480 1,501 1,562 1,602
Total Preferred & Common Equity		 1,281 1,370 1,387 1,373 1,480 1,501 1,562 1,602
Total Common Equity		 1,281 1,370 1,387 1,373 1,480 1,501 1,562 1,602
Common Stock		 914 903 906 909 914 902 905 901
Retained Earnings		 555 616 644 656 698 730 732 793
Accumulated Other Comprehensive Income / (Loss)		 -187 -150 -163 -192 -132 -132 -75 -92
Noncontrolling Interest		 0.09 0.09 0.09 0.09 0.09 0.09 0.09 0.09

Annual Metrics And Ratios for FB Financial

This table displays calculated financial ratios and metrics derived from FB Financial's official financial filings.

Metric 2022 2023 2024
Period end date 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - -
Revenue Growth		 -8.46% -9.33% -4.64%
EBITDA Growth		 -32.42% -5.13% -4.35%
EBIT Growth		 -34.35% -5.82% -2.41%
NOPAT Growth		 -34.54% -3.48% -3.48%
Net Income Growth		 -34.54% -3.48% -3.48%
EPS Growth		 -33.50% -2.65% -3.50%
Operating Cash Flow Growth		 1,356.80% -73.61% -34.24%
Free Cash Flow Firm Growth		 -110.52% 228.25% 1,295.55%
Invested Capital Growth		 8.52% 6.01% -5.50%
Revenue Q/Q Growth		 -2.77% -2.36% 3.16%
EBITDA Q/Q Growth		 -8.59% -5.63% 6.88%
EBIT Q/Q Growth		 -8.41% -7.55% 10.72%
NOPAT Q/Q Growth		 -7.90% -6.80% 7.92%
Net Income Q/Q Growth		 -7.90% -6.80% 7.92%
EPS Q/Q Growth		 -7.69% -6.55% 8.30%
Operating Cash Flow Q/Q Growth		 -4.78% 15.67% -26.57%
Free Cash Flow Firm Q/Q Growth		 95.88% -97.08% 682.87%
Invested Capital Q/Q Growth		 -13.12% 15.39% -0.01%
Profitability Metrics		 - - -
EBITDA Margin		 34.19% 35.78% 35.89%
EBIT Margin		 30.29% 31.46% 32.19%
Profit (Net Income) Margin		 23.64% 25.17% 25.47%
Tax Burden Percent		 78.06% 80.00% 79.12%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 21.94% 20.00% 20.88%
Return on Invested Capital (ROIC)		 7.45% 6.70% 6.46%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.45% 6.70% 6.46%
Return on Net Nonoperating Assets (RNNOA)		 1.59% 1.95% 1.21%
Return on Equity (ROE)		 9.03% 8.65% 7.68%
Cash Return on Invested Capital (CROIC)		 -0.73% 0.87% 12.12%
Operating Return on Assets (OROA)		 1.25% 1.18% 1.14%
Return on Assets (ROA)		 0.98% 0.94% 0.90%
Return on Common Equity (ROCE)		 9.03% 8.65% 7.68%
Return on Equity Simple (ROE_SIMPLE)		 9.40% 8.27% 7.40%
Net Operating Profit after Tax (NOPAT)		 125 120 116
NOPAT Margin		 23.64% 25.17% 25.47%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 48.51% 52.14% 49.76%
Operating Expenses to Revenue		 66.11% 68.01% 65.17%
Earnings before Interest and Taxes (EBIT)		 160 150 147
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 180 171 163
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.23 1.26 1.53
Price to Tangible Book Value (P/TBV)		 1.52 1.52 1.82
Price to Revenue (P/Rev)		 3.10 3.83 5.26
Price to Earnings (P/E)		 13.10 15.22 20.64
Dividend Yield		 1.50% 1.54% 1.32%
Earnings Yield		 7.63% 6.57% 4.85%
Enterprise Value to Invested Capital (EV/IC)		 0.59 0.76 0.88
Enterprise Value to Revenue (EV/Rev)		 1.94 2.95 3.36
Enterprise Value to EBITDA (EV/EBITDA)		 5.66 8.25 9.35
Enterprise Value to EBIT (EV/EBIT)		 6.39 9.38 10.43
Enterprise Value to NOPAT (EV/NOPAT)		 8.19 11.72 13.18
Enterprise Value to Operating Cash Flow (EV/OCF)		 1.28 6.68 11.02
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 90.44 7.03
Leverage & Solvency		 - - -
Debt to Equity		 0.31 0.27 0.11
Long-Term Debt to Equity		 0.31 0.27 0.11
Financial Leverage		 0.21 0.29 0.19
Leverage Ratio		 9.23 9.15 8.52
Compound Leverage Factor		 9.23 9.15 8.52
Debt to Total Capital		 23.87% 21.18% 10.13%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 23.87% 21.18% 10.13%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.01% 0.01% 0.01%
Common Equity to Total Capital		 76.12% 78.81% 89.86%
Debt to EBITDA		 2.31 2.29 1.08
Net Debt to EBITDA		 -3.39 -2.46 -5.30
Long-Term Debt to EBITDA		 2.31 2.29 1.08
Debt to NOPAT		 3.34 3.25 1.52
Net Debt to NOPAT		 -4.91 -3.49 -7.46
Long-Term Debt to NOPAT		 3.34 3.25 1.52
Noncontrolling Interest Sharing Ratio		 0.01% 0.01% 0.01%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 -12 16 217
Operating Cash Flow to CapEx		 8,198.82% 1,049.80% 2,506.77%
Free Cash Flow to Firm to Interest Expense		 -0.18 0.06 0.70
Operating Cash Flow to Interest Expense		 11.56 0.78 0.45
Operating Cash Flow Less CapEx to Interest Expense		 11.42 0.70 0.43
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 3.63 3.16 2.99
Capital & Investment Metrics		 - - -
Invested Capital		 1,741 1,846 1,744
Invested Capital Turnover		 0.32 0.27 0.25
Increase / (Decrease) in Invested Capital		 137 105 -101
Enterprise Value (EV)		 1,020 1,409 1,529
Market Capitalization		 1,632 1,829 2,395
Book Value per Share		 $28.24 $31.06 $33.59
Tangible Book Value per Share		 $22.81 $25.69 $28.27
Total Capital		 1,741 1,846 1,744
Total Debt		 416 391 177
Total Long-Term Debt		 416 391 177
Net Debt		 -611 -420 -866
Capital Expenditures (CapEx)		 9.75 20 5.54
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 416 391 177
Total Depreciation and Amortization (D&A)		 21 21 17
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $2.64 $2.57 $2.48
Adjusted Weighted Average Basic Shares Outstanding		 46.63M 46.86M 46.68M
Adjusted Diluted Earnings per Share		 $2.64 $2.57 $2.48
Adjusted Weighted Average Diluted Shares Outstanding		 46.63M 46.86M 46.68M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 46.63M 46.86M 46.68M
Normalized Net Operating Profit after Tax (NOPAT)		 125 120 116
Normalized NOPAT Margin		 23.64% 25.17% 25.47%
Pre Tax Income Margin		 30.29% 31.46% 32.19%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 2.31 0.55 0.47
NOPAT to Interest Expense		 1.80 0.44 0.38
EBIT Less CapEx to Interest Expense		 2.17 0.48 0.46
NOPAT Less CapEx to Interest Expense		 1.66 0.37 0.36
Payout Ratios		 - - -
Dividend Payout Ratio		 19.80% 23.33% 27.38%
Augmented Payout Ratio		 51.90% 27.45% 38.33%

Quarterly Metrics And Ratios for FB Financial

This table displays calculated financial ratios and metrics derived from FB Financial's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -9.16% -10.50% -1.98% -7.41% -18.67% -9.02% -15.40% 2.29% -17.85% 11.98% 21.61%
EBITDA Growth		 -26.51% -24.44% -3.47% 62.08% -36.98% -19.49% -22.05% 10.83% -43.70% 24.96% 31.55%
EBIT Growth		 -25.90% -23.31% 3.43% 73.16% -43.21% -25.46% -25.67% 12.77% -50.78% 39.52% 42.58%
NOPAT Growth		 -29.72% -21.88% 3.25% 82.44% -39.76% -23.00% -23.17% 13.26% -46.70% 28.99% 40.83%
Net Income Growth		 -29.72% -21.88% 3.25% 82.44% -39.76% -23.00% -23.17% 13.26% -46.70% 28.99% 40.83%
EPS Growth		 -27.66% -21.36% 5.41% 82.93% -39.71% -22.22% -24.36% 13.33% -46.34% 30.16% 42.37%
Operating Cash Flow Growth		 532.28% -41.88% -65.87% -96.57% -86.03% 33.35% -63.14% 271.91% 58.76% -67.55% -145.38%
Free Cash Flow Firm Growth		 -356.36% -280.11% -1,320.30% -376.15% 206.28% 23.63% -18.77% 83.13% -131.77% 285.08% 183.33%
Invested Capital Growth		 27.35% 8.52% 9.53% 20.07% -20.18% 6.01% 9.42% 4.73% 9.05% -5.50% -3.77%
Revenue Q/Q Growth		 -1.04% -4.49% -0.75% -1.30% -13.07% 6.85% -7.71% 19.33% -30.18% 45.64% 0.23%
EBITDA Q/Q Growth		 43.71% 17.44% -3.58% -0.39% -44.12% 50.02% -7.99% 41.62% -71.61% 232.96% -1.72%
EBIT Q/Q Growth		 56.36% 18.23% -4.39% -2.03% -48.72% 55.17% -4.65% 48.63% -77.62% 339.88% -2.57%
NOPAT Q/Q Growth		 64.48% 19.85% -4.64% -2.95% -45.69% 53.20% -4.86% 43.07% -74.44% 270.78% 3.87%
Net Income Q/Q Growth		 64.48% 19.85% -4.64% -2.95% -45.69% 53.20% -4.86% 43.07% -74.44% 270.78% 3.87%
EPS Q/Q Growth		 65.85% 19.12% -3.70% -3.85% -45.33% 53.66% -6.35% 44.07% -74.12% 272.73% 2.44%
Operating Cash Flow Q/Q Growth		 -10.38% -74.11% 114.98% -91.63% 265.51% 147.08% -51.23% -15.56% 56.02% -49.50% -168.21%
Free Cash Flow Firm Q/Q Growth		 -520.58% 75.27% -11.53% -138.09% 261.87% -117.77% -73.45% 66.18% -204.90% 203.49% -21.91%
Invested Capital Q/Q Growth		 35.39% -13.12% -3.40% 5.68% -10.00% 15.39% -0.29% 1.15% -6.29% -0.01% 1.52%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 33.26% 40.89% 39.73% 40.09% 25.77% 36.19% 36.60% 43.44% 17.66% 40.38% 39.60%
EBIT Margin		 30.42% 37.66% 36.28% 36.01% 21.24% 30.85% 31.87% 39.70% 12.73% 38.44% 37.37%
Profit (Net Income) Margin		 23.76% 29.81% 28.64% 28.17% 17.60% 25.23% 26.01% 31.19% 11.42% 29.06% 30.12%
Tax Burden Percent		 78.09% 79.16% 78.96% 78.21% 82.83% 81.78% 81.61% 78.55% 89.70% 75.61% 80.60%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 21.91% 20.84% 21.04% 21.79% 17.17% 18.22% 18.39% 21.45% 10.30% 24.39% 19.40%
Return on Invested Capital (ROIC)		 7.20% 9.39% 9.34% 8.89% 4.78% 6.72% 6.77% 7.90% 3.02% 7.38% 7.99%
ROIC Less NNEP Spread (ROIC-NNEP)		 7.20% 9.39% 9.34% 8.89% 4.78% 6.72% 6.77% 7.90% 3.02% 7.38% 7.99%
Return on Net Nonoperating Assets (RNNOA)		 2.40% 2.00% 1.59% 1.81% 1.71% 1.95% 1.60% 2.06% 0.42% 1.39% 1.37%
Return on Equity (ROE)		 9.60% 11.39% 10.92% 10.70% 6.49% 8.67% 8.37% 9.96% 3.44% 8.76% 9.36%
Cash Return on Invested Capital (CROIC)		 -16.50% -0.73% -1.28% -9.54% 29.61% 0.87% -2.65% 1.78% -2.23% 12.12% 10.90%
Operating Return on Assets (OROA)		 1.37% 1.56% 1.48% 1.48% 0.84% 1.16% 1.14% 1.44% 0.44% 1.36% 1.39%
Return on Assets (ROA)		 1.07% 1.23% 1.17% 1.16% 0.70% 0.95% 0.93% 1.13% 0.40% 1.03% 1.12%
Return on Common Equity (ROCE)		 9.60% 11.39% 10.92% 10.70% 6.49% 8.67% 8.37% 9.96% 3.43% 8.76% 9.36%
Return on Equity Simple (ROE_SIMPLE)		 10.56% 0.00% 9.18% 10.21% 9.40% 0.00% 7.56% 7.76% 6.88% 0.00% 7.96%
Net Operating Profit after Tax (NOPAT)		 32 38 36 35 19 29 28 40 10 38 39
NOPAT Margin		 23.76% 29.81% 28.64% 28.17% 17.60% 25.23% 26.01% 31.19% 11.42% 29.06% 30.12%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 45.85% 44.80% 46.41% 49.98% 60.00% 53.35% 51.01% 44.22% 65.47% 43.41% 45.72%
Operating Expenses to Revenue		 61.09% 62.70% 63.33% 64.85% 76.17% 68.88% 67.40% 58.56% 85.13% 56.12% 60.88%
Earnings before Interest and Taxes (EBIT)		 41 48 46 45 23 36 34 51 11 50 49
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 45 52 50 50 28 42 39 56 16 53 52
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.35 1.23 1.03 0.93 0.95 1.26 1.18 1.22 1.40 1.53 1.35
Price to Tangible Book Value (P/TBV)		 1.69 1.52 1.26 1.13 1.16 1.52 1.42 1.46 1.67 1.82 1.60
Price to Revenue (P/Rev)		 3.19 3.10 2.69 2.50 2.67 3.83 3.82 3.96 4.96 5.26 4.52
Price to Earnings (P/E)		 12.80 13.10 11.22 9.06 10.11 15.22 15.65 15.68 20.36 20.64 16.98
Dividend Yield		 1.35% 1.50% 1.79% 2.04% 2.08% 1.54% 1.66% 1.65% 1.41% 1.32% 1.51%
Earnings Yield		 7.82% 7.63% 8.92% 11.04% 9.89% 6.57% 6.39% 6.38% 4.91% 4.85% 5.89%
Enterprise Value to Invested Capital (EV/IC)		 0.92 0.59 0.24 0.29 0.43 0.76 0.67 0.75 0.81 0.88 0.87
Enterprise Value to Revenue (EV/Rev)		 3.39 1.94 0.77 1.00 1.40 2.95 2.71 3.01 3.21 3.36 3.21
Enterprise Value to EBITDA (EV/EBITDA)		 9.31 5.66 2.25 2.60 3.77 8.25 7.76 8.39 9.28 9.35 8.75
Enterprise Value to EBIT (EV/EBIT)		 10.53 6.39 2.50 2.85 4.20 9.38 8.95 9.62 10.71 10.43 9.54
Enterprise Value to NOPAT (EV/NOPAT)		 13.57 8.19 3.20 3.63 5.29 11.72 11.09 11.90 13.20 13.18 12.07
Enterprise Value to Operating Cash Flow (EV/OCF)		 2.19 1.28 0.67 1.40 3.74 6.68 8.32 8.09 7.51 11.02 17.87
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 1.28 90.44 0.00 42.87 0.00 7.03 7.81
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.56 0.31 0.23 0.28 0.17 0.27 0.24 0.24 0.12 0.11 0.11
Long-Term Debt to Equity		 0.56 0.31 0.23 0.28 0.17 0.27 0.24 0.24 0.12 0.11 0.11
Financial Leverage		 0.33 0.21 0.17 0.20 0.36 0.29 0.24 0.26 0.14 0.19 0.17
Leverage Ratio		 8.97 9.23 9.37 9.27 9.32 9.15 9.00 8.80 8.66 8.52 8.33
Compound Leverage Factor		 8.97 9.23 9.37 9.27 9.32 9.15 9.00 8.80 8.66 8.52 8.33
Debt to Total Capital		 36.07% 23.87% 18.56% 21.96% 14.17% 21.18% 19.61% 19.39% 10.44% 10.13% 9.54%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 36.07% 23.87% 18.56% 21.96% 14.17% 21.18% 19.61% 19.39% 10.44% 10.13% 9.54%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Common Equity to Total Capital		 63.92% 76.12% 81.44% 78.03% 85.82% 78.81% 80.39% 80.61% 89.56% 89.86% 90.46%
Debt to EBITDA		 3.67 2.31 1.75 1.98 1.25 2.29 2.26 2.18 1.19 1.08 0.96
Net Debt to EBITDA		 0.53 -3.39 -5.65 -3.90 -3.43 -2.46 -3.19 -2.66 -5.03 -5.30 -3.56
Long-Term Debt to EBITDA		 3.67 2.31 1.75 1.98 1.25 2.29 2.26 2.18 1.19 1.08 0.96
Debt to NOPAT		 5.35 3.34 2.48 2.76 1.76 3.25 3.23 3.10 1.69 1.52 1.33
Net Debt to NOPAT		 0.77 -4.91 -8.02 -5.44 -4.82 -3.49 -4.56 -3.78 -7.16 -7.46 -4.91
Long-Term Debt to NOPAT		 5.35 3.34 2.48 2.76 1.76 3.25 3.23 3.10 1.69 1.52 1.33
Noncontrolling Interest Sharing Ratio		 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -399 -99 -110 -262 424 -75 -131 -44 -135 139 109
Operating Cash Flow to CapEx		 7,594.29% 1,220.46% 1,041.08% 263.40% 775.27% 2,038.38% 2,445.58% 1,464.51% 5,227.46% 2,300.29% 0.00%
Free Cash Flow to Firm to Interest Expense		 -23.31 -2.66 -1.97 -3.81 5.81 -1.02 -1.70 -0.59 -1.69 1.79 1.51
Operating Cash Flow to Interest Expense		 12.60 1.50 1.76 0.12 0.41 1.01 0.47 0.41 0.60 0.31 -0.23
Operating Cash Flow Less CapEx to Interest Expense		 12.43 1.38 1.59 0.07 0.36 0.96 0.45 0.38 0.59 0.30 -0.23
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.05 0.04 0.04 0.04 0.04 0.04 0.04 0.04 0.03 0.04 0.04
Fixed Asset Turnover		 3.76 3.63 3.54 3.46 3.27 3.16 2.97 2.98 2.86 2.99 3.18
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 2,004 1,741 1,682 1,777 1,600 1,846 1,840 1,862 1,745 1,744 1,771
Invested Capital Turnover		 0.30 0.32 0.33 0.32 0.27 0.27 0.26 0.25 0.26 0.25 0.27
Increase / (Decrease) in Invested Capital		 430 137 146 297 -405 105 159 84 145 -101 -69
Enterprise Value (EV)		 1,835 1,020 402 514 683 1,409 1,240 1,387 1,419 1,529 1,538
Market Capitalization		 1,730 1,632 1,410 1,284 1,304 1,829 1,749 1,827 2,189 2,395 2,164
Book Value per Share		 $27.33 $28.24 $29.37 $29.65 $29.34 $31.06 $31.49 $31.93 $33.50 $33.59 $34.32
Tangible Book Value per Share		 $21.87 $22.81 $23.93 $24.24 $23.95 $25.69 $26.16 $26.62 $28.16 $28.27 $29.01
Total Capital		 2,004 1,741 1,682 1,777 1,600 1,846 1,840 1,862 1,745 1,744 1,771
Total Debt		 723 416 312 390 227 391 361 361 182 177 169
Total Long-Term Debt		 723 416 312 390 227 391 361 361 182 177 169
Net Debt		 105 -611 -1,008 -770 -622 -420 -510 -440 -770 -866 -626
Capital Expenditures (CapEx)		 2.84 4.57 9.45 3.13 3.88 3.65 1.48 2.09 0.91 1.05 -0.17
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 723 416 312 390 227 391 361 361 182 177 169
Total Depreciation and Amortization (D&A)		 3.80 4.14 4.38 5.12 4.93 6.21 5.08 4.79 4.42 2.53 2.91
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.68 $0.81 $0.78 $0.75 $0.41 $0.63 $0.60 $0.85 $0.22 $0.81 $0.84
Adjusted Weighted Average Basic Shares Outstanding		 46.93M 46.63M 46.78M 46.80M 46.84M 46.86M 46.99M 46.64M 46.66M 46.68M 45.95M
Adjusted Diluted Earnings per Share		 $0.68 $0.81 $0.78 $0.75 $0.41 $0.63 $0.59 $0.85 $0.22 $0.82 $0.84
Adjusted Weighted Average Diluted Shares Outstanding		 46.93M 46.63M 46.78M 46.80M 46.84M 46.86M 46.99M 46.64M 46.66M 46.68M 45.95M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 46.93M 46.63M 46.78M 46.80M 46.84M 46.86M 46.99M 46.64M 46.66M 46.68M 45.95M
Normalized Net Operating Profit after Tax (NOPAT)		 32 38 36 35 19 29 28 40 10 38 40
Normalized NOPAT Margin		 23.76% 29.81% 28.64% 28.17% 17.60% 25.23% 26.01% 31.19% 11.42% 29.06% 30.37%
Pre Tax Income Margin		 30.42% 37.66% 36.28% 36.01% 21.24% 30.85% 31.87% 39.70% 12.73% 38.44% 37.37%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 2.38 1.30 0.83 0.66 0.32 0.49 0.45 0.68 0.14 0.64 0.68
NOPAT to Interest Expense		 1.86 1.03 0.65 0.51 0.26 0.40 0.36 0.53 0.13 0.49 0.55
EBIT Less CapEx to Interest Expense		 2.22 1.18 0.66 0.61 0.26 0.44 0.43 0.65 0.13 0.63 0.68
NOPAT Less CapEx to Interest Expense		 1.70 0.91 0.48 0.47 0.21 0.35 0.35 0.51 0.12 0.47 0.55
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 17.49% 19.80% 20.07% 18.53% 21.03% 23.33% 25.99% 25.71% 28.71% 27.38% 25.72%
Augmented Payout Ratio		 46.99% 51.90% 50.87% 27.13% 30.47% 27.45% 25.99% 36.62% 40.52% 38.33% 43.45%

Financials Breakdown Chart

Key Financial Trends

FB Financial Corp (NYSE: FBK) has demonstrated stable financial performance over the last four years through Q1 2025. Below is an analysis of key financial trends observed in the company's income statements, cash flow statements, and balance sheets over recent quarters and years.

  • Consistent Net Income Growth: Net income has generally increased over the past few years, with Q1 2025 net income at $39.36 million, up from $28.0-$38.0 million range in earlier years. This reflects improved profitability and effective cost management.
  • Stable Net Interest Income: Net interest income has held steady around $99M to $108M quarterly recently, driven primarily by loans and leases interest income, supporting the firm's core lending activities.
  • Solid Loan Portfolio Growth: Loans and leases have grown steadily from about $9.1 billion in Q3 2022 to approximately $9.8 billion by Q1 2025, indicating strong loan demand and business expansion.
  • Controlled Credit Loss Provisions: Provision for credit losses remains relatively low and stable (e.g., $2.29 million in Q1 2025), helping maintain healthy asset quality and minimizing impact on earnings.
  • Growing Shareholder Equity: Total common equity increased from about $1.28 billion in Q3 2022 to $1.60 billion in Q1 2025, showing strengthening capital position and potential for further growth.
  • Volatility in Non-Interest Income: Net realized and unrealized capital gains on investments have been uneven, occasionally negative (e.g., -$40.5 million in Q3 2024) which affects total non-interest income and overall revenue consistency.
  • Dividend Payouts Increasing Gradually: Cash dividends per share increased modestly from $0.13 in early 2022 to $0.19 by Q1 2025, reflecting a shareholder-friendly capital return policy but also requiring cash outflows.
  • Declining Operating Cash Flow in Q1 2025: Net cash from operating activities was negative $16.5 million in Q1 2025, a drop from positive flows in prior quarters, signaling short-term liquidity or operational challenges.
  • Significant Cash Outflows in Investing Activities: Large purchase of investment securities (e.g., $278.65 million in Q1 2025) resulted in net cash used in investing activities of nearly $200 million, affecting overall cash position.
  • Negative Net Change in Deposits and Financing Activities in Q1 2025: Deposits decreased by $8.4 million and net cash used in financing activities was $31.7 million, which may pressure liquidity and require attention.

Summary: FB Financial demonstrates stable revenue streams driven by loan interest income and a growing loan book, with improving net income and equity positions over the past four years. However, recent quarters show challenges in cash flow from operations and investing outflows, which could impact liquidity and capital flexibility. The firm’s ability to control credit losses and maintain profitability amid fluctuating non-interest income remains key to sustained growth. Investors should watch future quarters for improvements in cash flow generation and deposit trends.

10/10/25 02:19 AM ETAI Generated. May Contain Errors.

Frequently Asked Questions About FB Financial's Financials

When does FB Financial's financial year end?

According to the most recent income statement we have on file, FB Financial's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has FB Financial's net income changed over the last 2 years?

FB Financial's net income appears to be on a downward trend, with a most recent value of $116.05 million in 2024, falling from $124.57 million in 2022. The previous period was $120.24 million in 2023. Check out FB Financial's forecast to explore projected trends and price targets.

How has FB Financial's revenue changed over the last 2 years?

Over the last 2 years, FB Financial's total revenue changed from $526.90 million in 2022 to $455.57 million in 2024, a change of -13.5%.

How much debt does FB Financial have?

FB Financial's total liabilities were at $11.59 billion at the end of 2024, a 3.9% increase from 2023, and a 0.6% increase since 2022.

How much cash does FB Financial have?

In the past 2 years, FB Financial's cash and equivalents has ranged from $120.15 million in 2024 to $259.87 million in 2022, and is currently $120.15 million as of their latest financial filing in 2024.

How has FB Financial's book value per share changed over the last 2 years?

Over the last 2 years, FB Financial's book value per share changed from 28.24 in 2022 to 33.59 in 2024, a change of 18.9%.


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This page (NYSE:FBK) was last updated on 10/10/2025 by MarketBeat.com Staff
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