NYSE$FBK

Fb Financial Corporation · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Reported a decrease in net income and an increase in net interest margin.

FB Financial Corporation reported a net income of $19.2 million, or $0.41 per diluted common share, for Q3 2023. The company's deposits were $10.64 billion, and loans held for investment were $9.29 billion. Net interest margin increased to 3.42%.

  • Net income was $19.2 million, or $0.41 per diluted common share.
  • Adjusted net income was $33.2 million, or $0.71 per diluted common share.
  • Deposits totaled $10.64 billion.
  • Net interest margin increased to 3.42%.

Headline financials

Total Revenue

$109M

Previous: $134M-18.7%
EPS (adj)

$0.71

Previous: $0.68+4.4%
Net Interest Margin

3.4%

Previous: 3.9%-13.0%
Efficiency Ratio

76.2%

Previous: 61.1%+24.7%
Loans HFI

$9.29B

No prior period
Book Value Per Common Share

$29.31

No prior period
Tangible Book Value Per Common Share

$23.93

No prior period
Capital Expenditures

-$16.6M

Previous: -$6.06M-173.3%
Free Cash Flow

$2.61M

Previous: $25.8M-89.9%
Net Income

$19.2M

Previous: $31.8M-39.8%
Operating Income

$17.5M

Previous: $98.1M-82.1%
Gross Profit

$103M

Previous: $126M-18.2%
Cash & Equivalents

$848M

Previous: $618M+37.2%
Total Assets

$12.5B

Previous: $12.3B+1.9%
Stock-Based Comp

$2.78M

Previous: $2.53M+9.9%

Revenue & EPS history

FB Financial · Revenue · Quarterly

$109M

Q3 2023-18.7%vs Q3 2022
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 prepared for the opportunities we expect to come our way in the coming quarters.

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 Q3 2023

Historical avgQ3 2023

+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

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