FB Financial Corp
F:2J2
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
F
|
FB Financial Corp
F:2J2
|
US |
|
Seetel New Energy Co Ltd
TWSE:7740
|
TW |
|
Sandfire Resources Ltd
ASX:SFR
|
AU |
|
V
|
Vipshop Holdings Ltd
F:1VPA
|
CN |
FB Financial Corp
FB Financial Corp is the bank holding company for FirstBank, a community-focused bank that serves households, small businesses, and commercial customers. It takes deposits, makes loans, and provides everyday banking services such as checking and savings accounts, business banking, and cash management. It also offers mortgage and consumer lending, giving customers a single place for many of their banking needs. The company makes most of its money the traditional way a bank does: it earns interest on loans and securities after paying interest on deposits and other funding sources. It also collects fees from services such as account maintenance, payment processing, and mortgage-related activity. That mix gives it a steadier earnings base than a business that relies on one product or one customer type. What makes FB Financial different is its role as a regional relationship bank. It focuses on local lending decisions and long-term customer ties rather than selling a narrow product nationwide. That makes it important to the communities it serves, because it acts as the link between local savers and local borrowers.
FB Financial Corp is the bank holding company for FirstBank, a community-focused bank that serves households, small businesses, and commercial customers. It takes deposits, makes loans, and provides everyday banking services such as checking and savings accounts, business banking, and cash management. It also offers mortgage and consumer lending, giving customers a single place for many of their banking needs.
The company makes most of its money the traditional way a bank does: it earns interest on loans and securities after paying interest on deposits and other funding sources. It also collects fees from services such as account maintenance, payment processing, and mortgage-related activity. That mix gives it a steadier earnings base than a business that relies on one product or one customer type.
What makes FB Financial different is its role as a regional relationship bank. It focuses on local lending decisions and long-term customer ties rather than selling a narrow product nationwide. That makes it important to the communities it serves, because it acts as the link between local savers and local borrowers.
EPS: FB Financial reported EPS of $1.13 and adjusted EPS of $1.14, with net income of $58.6 million and adjusted net income of $58.9 million.
Growth: Loans grew at an annualized 11.6% and deposits grew at 7.7% annualized, with management saying pipelines remain healthy and momentum is strong.
Margin: Net interest margin held steady at 3.95%, and management still expects full-year margin of 3.70% to 3.8% excluding loan accretion.
Costs: Noninterest expense fell to $91.5 million, helping efficiency improve to 52.3%; the company kept its full-year expense and efficiency targets unchanged.
Credit: Provision expense rose to $10.1 million as the bank built reserves on loan growth and two specific credits, but net charge-offs stayed low at 6 basis points annualized.
Capital: The bank repurchased about 3% of outstanding shares during the quarter and said capital and liquidity remain strong, with CET1 at 11% and TCE around 9%.
