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FB Financial (FBK) Financials

FB Financial logo
$43.75 -1.60 (-3.52%)
Closing price 03:59 PM Eastern
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$43.74 -0.01 (-0.03%)
As of 04:04 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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Net Income / (Loss) Attributable to Common Shareholders		 116 120 125
Consolidated Net Income / (Loss)		 116 120 125
Net Income / (Loss) Continuing Operations		 116 120 125
Total Pre-Tax Income 		147 150 160
Total Revenue		 456 478 527
Net Interest Income / (Expense)		 417 407 412
Total Interest Income		 726 678 481
Loans and Leases Interest Income		 626 599 436
Investment Securities Interest Income		 55 34 33
Other Interest Income		 44 45 12
Total Interest Expense		 309 271 69
Deposits Interest Expense		 296 259 57
Long-Term Debt Interest Expense		 13 12 13
Total Non-Interest Income		 39 71 115
Other Service Charges		 98 85 115
Net Realized & Unrealized Capital Gains on Investments		 -59 -14 -0.64
Provision for Credit Losses		 12 2.54 19
Total Non-Interest Expense		 297 325 348
Salaries and Employee Benefits		 184 203 211
Net Occupancy & Equipment Expense		 36 37 33
Marketing Expense		 7.01 8.27 11
Property & Liability Insurance Claims		 7.68 8.89 15
Other Operating Expenses		 60 63 73
Amortization Expense		 2.95 3.66 4.59
Income Tax Expense		 31 30 35
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.02 0.02 0.02
Basic Earnings per Share		 $2.48 $2.57 $2.64
Weighted Average Basic Shares Outstanding		 46.68M 46.86M 46.63M
Diluted Earnings per Share		 $2.48 $2.57 $2.64
Weighted Average Diluted Shares Outstanding		 46.68M 46.86M 46.63M
Weighted Average Basic & Diluted Shares Outstanding		 46.68M 46.86M 46.63M
Cash Dividends to Common per Share		 $0.68 $0.60 $0.52

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

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

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

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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Total Assets		 13,157 12,604 12,848
Cash and Due from Banks		 120 147 260
Federal Funds Sold		 126 83 211
Interest Bearing Deposits at Other Banks		 797 581 557
Trading Account Securities		 1,665 1,540 1,614
Loans and Leases, Net of Allowance		 9,450 9,258 9,164
Loans and Leases		 9,602 9,409 9,298
Allowance for Loan and Lease Losses		 152 150 134
Premises and Equipment, Net		 149 156 146
Goodwill		 243 243 243
Intangible Assets		 5.76 8.71 12
Other Assets		 530 512 566
Total Liabilities & Shareholders' Equity		 13,157 12,604 12,848
Total Liabilities		 11,590 11,150 11,522
Non-Interest Bearing Deposits		 2,116 2,218 2,677
Interest Bearing Deposits		 9,094 8,330 8,179
Long-Term Debt		 177 391 416
Other Long-Term Liabilities		 203 210 251
Total Equity & Noncontrolling Interests		 1,568 1,455 1,326
Total Preferred & Common Equity		 1,568 1,455 1,325
Total Common Equity		 1,568 1,455 1,325
Common Stock		 907 911 908
Retained Earnings		 762 678 587
Accumulated Other Comprehensive Income / (Loss)		 -102 -135 -169
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 Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets		 13,136 12,920 12,535 12,548 12,490 12,887 13,101 12,258
Cash and Due from Banks		 150 126 193 125 188 148 134 193
Federal Funds Sold		 110 97 92 101 130 48 64 115
Interest Bearing Deposits at Other Banks		 535 728 516 645 530 964 1,122 310
Trading Account Securities		 1,753 1,671 1,589 1,547 1,455 1,522 1,557 1,616
Loans and Leases, Net of Allowance		 9,621 9,322 9,154 9,137 9,141 9,185 9,227 8,971
Loans and Leases		 9,772 9,478 9,310 9,289 9,287 9,326 9,366 9,105
Allowance for Loan and Lease Losses		 151 156 155 152 146 141 139 134
Premises and Equipment, Net		 146 153 155 155 156 155 153 143
Goodwill		 243 243 243 243 243 243 243 243
Intangible Assets		 5.11 6.45 7.17 7.92 9.55 10 11 13
Other Assets		 501 502 514 511 561 537 515 579
Total Liabilities & Shareholders' Equity		 13,136 12,920 12,535 12,548 12,490 12,887 13,101 12,258
Total Liabilities		 11,534 11,358 11,035 11,069 11,117 11,500 11,731 10,977
Non-Interest Bearing Deposits		 2,164 2,226 2,187 2,182 2,358 2,400 2,489 2,967
Interest Bearing Deposits		 9,038 8,750 8,281 8,323 8,281 8,472 8,694 7,040
Long-Term Debt		 169 182 361 361 227 390 312 723
Other Long-Term Liabilities		 163 199 206 203 251 238 236 248
Total Equity & Noncontrolling Interests		 1,602 1,562 1,501 1,480 1,373 1,387 1,370 1,281
Total Preferred & Common Equity		 1,602 1,562 1,501 1,480 1,373 1,387 1,370 1,281
Total Common Equity		 1,602 1,562 1,501 1,480 1,373 1,387 1,370 1,281
Common Stock		 901 905 902 914 909 906 903 914
Retained Earnings		 793 732 730 698 656 644 616 555
Accumulated Other Comprehensive Income / (Loss)		 -92 -75 -132 -132 -192 -163 -150 -187
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 2024 2023 2022
Period end date 12/31/2024 12/31/2023 12/31/2022
Growth Metrics		 - - -
Revenue Growth		 -4.64% -9.33% -8.46%
EBITDA Growth		 -4.35% -5.13% -32.42%
EBIT Growth		 -2.41% -5.82% -34.35%
NOPAT Growth		 -3.48% -3.48% -34.54%
Net Income Growth		 -3.48% -3.48% -34.54%
EPS Growth		 -3.50% -2.65% -33.50%
Operating Cash Flow Growth		 -34.24% -73.61% 1,356.80%
Free Cash Flow Firm Growth		 1,295.55% 228.25% -110.52%
Invested Capital Growth		 -5.50% 6.01% 8.52%
Revenue Q/Q Growth		 3.16% -2.36% -2.77%
EBITDA Q/Q Growth		 6.88% -5.63% -8.59%
EBIT Q/Q Growth		 10.72% -7.55% -8.41%
NOPAT Q/Q Growth		 7.92% -6.80% -7.90%
Net Income Q/Q Growth		 7.92% -6.80% -7.90%
EPS Q/Q Growth		 8.30% -6.55% -7.69%
Operating Cash Flow Q/Q Growth		 -26.57% 15.67% -4.78%
Free Cash Flow Firm Q/Q Growth		 682.87% -97.08% 95.88%
Invested Capital Q/Q Growth		 -0.01% 15.39% -13.12%
Profitability Metrics		 - - -
EBITDA Margin		 35.89% 35.78% 34.19%
EBIT Margin		 32.19% 31.46% 30.29%
Profit (Net Income) Margin		 25.47% 25.17% 23.64%
Tax Burden Percent		 79.12% 80.00% 78.06%
Interest Burden Percent		 100.00% 100.00% 100.00%
Effective Tax Rate		 20.88% 20.00% 21.94%
Return on Invested Capital (ROIC)		 6.46% 6.70% 7.45%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.46% 6.70% 7.45%
Return on Net Nonoperating Assets (RNNOA)		 1.21% 1.95% 1.59%
Return on Equity (ROE)		 7.68% 8.65% 9.03%
Cash Return on Invested Capital (CROIC)		 12.12% 0.87% -0.73%
Operating Return on Assets (OROA)		 1.14% 1.18% 1.25%
Return on Assets (ROA)		 0.90% 0.94% 0.98%
Return on Common Equity (ROCE)		 7.68% 8.65% 9.03%
Return on Equity Simple (ROE_SIMPLE)		 7.40% 8.27% 9.40%
Net Operating Profit after Tax (NOPAT)		 116 120 125
NOPAT Margin		 25.47% 25.17% 23.64%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 49.76% 52.14% 48.51%
Operating Expenses to Revenue		 65.17% 68.01% 66.11%
Earnings before Interest and Taxes (EBIT)		 147 150 160
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 163 171 180
Valuation Ratios		 - - -
Price to Book Value (P/BV)		 1.53 1.26 1.23
Price to Tangible Book Value (P/TBV)		 1.82 1.52 1.52
Price to Revenue (P/Rev)		 5.26 3.83 3.10
Price to Earnings (P/E)		 20.64 15.22 13.10
Dividend Yield		 1.32% 1.54% 1.50%
Earnings Yield		 4.85% 6.57% 7.63%
Enterprise Value to Invested Capital (EV/IC)		 0.88 0.76 0.59
Enterprise Value to Revenue (EV/Rev)		 3.36 2.95 1.94
Enterprise Value to EBITDA (EV/EBITDA)		 9.35 8.25 5.66
Enterprise Value to EBIT (EV/EBIT)		 10.43 9.38 6.39
Enterprise Value to NOPAT (EV/NOPAT)		 13.18 11.72 8.19
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.02 6.68 1.28
Enterprise Value to Free Cash Flow (EV/FCFF)		 7.03 90.44 0.00
Leverage & Solvency		 - - -
Debt to Equity		 0.11 0.27 0.31
Long-Term Debt to Equity		 0.11 0.27 0.31
Financial Leverage		 0.19 0.29 0.21
Leverage Ratio		 8.52 9.15 9.23
Compound Leverage Factor		 8.52 9.15 9.23
Debt to Total Capital		 10.13% 21.18% 23.87%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 10.13% 21.18% 23.87%
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		 89.86% 78.81% 76.12%
Debt to EBITDA		 1.08 2.29 2.31
Net Debt to EBITDA		 -5.30 -2.46 -3.39
Long-Term Debt to EBITDA		 1.08 2.29 2.31
Debt to NOPAT		 1.52 3.25 3.34
Net Debt to NOPAT		 -7.46 -3.49 -4.91
Long-Term Debt to NOPAT		 1.52 3.25 3.34
Noncontrolling Interest Sharing Ratio		 0.01% 0.01% 0.01%
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 217 16 -12
Operating Cash Flow to CapEx		 2,506.77% 1,049.80% 8,198.82%
Free Cash Flow to Firm to Interest Expense		 0.70 0.06 -0.18
Operating Cash Flow to Interest Expense		 0.45 0.78 11.56
Operating Cash Flow Less CapEx to Interest Expense		 0.43 0.70 11.42
Efficiency Ratios		 - - -
Asset Turnover		 0.04 0.04 0.04
Fixed Asset Turnover		 2.99 3.16 3.63
Capital & Investment Metrics		 - - -
Invested Capital		 1,744 1,846 1,741
Invested Capital Turnover		 0.25 0.27 0.32
Increase / (Decrease) in Invested Capital		 -101 105 137
Enterprise Value (EV)		 1,529 1,409 1,020
Market Capitalization		 2,395 1,829 1,632
Book Value per Share		 $33.59 $31.06 $28.24
Tangible Book Value per Share		 $28.27 $25.69 $22.81
Total Capital		 1,744 1,846 1,741
Total Debt		 177 391 416
Total Long-Term Debt		 177 391 416
Net Debt		 -866 -420 -611
Capital Expenditures (CapEx)		 5.54 20 9.75
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 177 391 416
Total Depreciation and Amortization (D&A)		 17 21 21
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $2.48 $2.57 $2.64
Adjusted Weighted Average Basic Shares Outstanding		 46.68M 46.86M 46.63M
Adjusted Diluted Earnings per Share		 $2.48 $2.57 $2.64
Adjusted Weighted Average Diluted Shares Outstanding		 46.68M 46.86M 46.63M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 46.68M 46.86M 46.63M
Normalized Net Operating Profit after Tax (NOPAT)		 116 120 125
Normalized NOPAT Margin		 25.47% 25.17% 23.64%
Pre Tax Income Margin		 32.19% 31.46% 30.29%
Debt Service Ratios		 - - -
EBIT to Interest Expense		 0.47 0.55 2.31
NOPAT to Interest Expense		 0.38 0.44 1.80
EBIT Less CapEx to Interest Expense		 0.46 0.48 2.17
NOPAT Less CapEx to Interest Expense		 0.36 0.37 1.66
Payout Ratios		 - - -
Dividend Payout Ratio		 27.38% 23.33% 19.80%
Augmented Payout Ratio		 38.33% 27.45% 51.90%

Quarterly Metrics And Ratios for FB Financial

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

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

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. See where experts think FB Financial is headed by visiting FB Financial's forecast page.

How has FB Financial 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 5/22/2025 by MarketBeat.com Staff
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