NYSE$FBK

Fb Financial Corporation · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported a net income of $40.0 million, with diluted EPS of $0.85.

FB Financial Corporation reported a net income of $40.0 million, or $0.85 per diluted common share, for the second quarter of 2024. The company's net interest margin increased to 3.57%, and the adjusted pre-tax, pre-provision return on average assets improved to 1.70%.

  • Net income was $40.0 million, or $0.85 per diluted common share.
  • Adjusted net income was $39.4 million, or $0.84 per diluted common share.
  • Net interest margin increased to 3.57%.
  • Loans held for investment ended at $9.31 billion.

Headline financials

Total Revenue

$128M

Previous: $125M+2.3%
EPS

$0.85

Previous: $0.77+10.4%
Net Interest Margin

3.6%

Previous: 3.4%+5.0%
Efficiency Ratio

58.6%

Previous: 64.8%-9.6%
Return on Average Total Assets

1.3%

No prior period
Return on Average Shareholders' Equity

10.9%

No prior period
Return on Average Tangible Common Equity

13.1%

No prior period
Capital Expenditures

-$3.86M

Previous: -$12.6M+69.3%
Free Cash Flow

$36.1M

Previous: $22.7M+58.9%
Net Income

$40M

Previous: $35.3M+13.3%
Operating Income

$40.8M

Previous: $43.4M-6.0%
Gross Profit

$124M

Previous: $123M+1.2%
Stock-Based Comp

$2.09M

Previous: $3.25M-35.7%

Revenue & EPS history

FB Financial · Revenue · Quarterly

$128M

Q2 2024+2.3%vs Q2 2023
Beat estimate in 5 of 15 quarters(33%)
ActualEstimate

Revenue by segment

FB Financial · $29.5M total across 1 segment · Q1 2022

  • Mortgage Banking Income
    $29.5M-46.6%

Forward guidance

The Company is positioned to continue creating shareholder value through improved results in key metrics, capital building, and reserve management.

Tailwinds

  • Improved results in key metrics including net income.
  • Improved net interest margin.
  • Improved return on assets.
  • Built capital.
  • Managed reserves.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+0.7%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+4.7%

Avg return

30 days after

52%

23 / 44 earnings

Positive

+11.5%

Q1 2020

Best reaction

-9.9%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-3.6%-7.8%
Q4 2025-1.4%-7.2%-4.1%
Q3 2025+3.8%-7.5%-3.0%
Q2 2025-1.4%-1.1%+3.9%
Q1 2025-2.0%-1.3%+11.6%
Q4 2024+0.9%+0.7%-2.7%
Q3 2024+6.0%+3.0%+17.8%
Q2 2024+11.1%+9.1%+3.3%
Q1 2024+4.8%+5.6%+13.5%
Q4 2023-7.8%-2.3%-2.0%
Q3 2023+3.8%+6.0%+23.6%
Q2 2023+11.4%+12.8%+12.1%
Q1 2023-3.2%-0.6%-8.0%
Q4 2022-5.3%-2.8%+2.0%
Q3 2022-3.8%-10.5%+1.7%
Q2 2022+1.8%+4.5%+11.1%
Q1 2022+1.4%-0.6%-5.1%
Q4 2021-5.5%-9.1%-5.9%
Q3 2021+0.1%+3.7%+3.8%
Q2 2021+0.6%+3.7%+8.9%
Q1 2021+0.3%-2.5%-3.5%
Q4 2020-0.8%+0.0%+18.0%
Q3 2020-6.1%-3.3%+10.9%
Q2 2020+8.6%+9.2%+16.1%
Q1 2020+11.5%+10.6%+25.5%
Q4 2019-1.8%-2.6%-6.0%
Q3 2019+2.2%+0.6%+0.3%
Q2 2019+1.1%+4.4%-1.5%
Q1 2019+4.7%+5.6%+0.8%
Q4 2018-9.9%-11.4%-7.8%
Q3 2018+4.8%+6.2%+10.2%
Q2 2018+3.9%+3.9%+7.8%
Q1 2018-1.2%-1.9%-1.1%
Q4 2017-1.6%-0.7%-4.9%
Q3 2017+2.9%+8.8%+4.3%
Q2 2017-0.4%-1.2%-0.4%
Q1 2016-1.0%-1.1%-2.0%
Q1 2017+5.8%+3.1%+5.9%
Q2 2016-1.8%-4.2%+4.5%
Q4 2015-1.8%-4.2%+4.5%
Q4 2014-1.8%-4.2%+4.5%
Q4 2016+1.9%+1.0%+27.8%
Q3 2015+1.9%+4.1%+10.7%
Q3 2016-4.7%-3.5%+6.9%
Q2 2015
Q1 2015
Q3 2014
Q2 2014
Q1 2014

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro