NYSE$FBK

Fb Financial Corporation · Q4 2024 earnings

Q4 2024 earnings · · Investor relations

Briefing

Reported net income of $37.9 million, or $0.81 per diluted common share and adjusted net income of $39.8 million, or $0.85 per diluted common share.

FB Financial Corporation reported a net income of $37.9 million, or $0.81 per diluted common share, for Q4 2024. The company experienced growth in both deposits and loans, leading to increased net interest income. The company's strong financial position and operating momentum position it well moving into 2025.

  • Net income for Q4 2024 was $37.9 million, or $0.81 per diluted common share, compared to $0.63 in Q4 2023.
  • Adjusted net income was $39.8 million, or $0.85 per diluted common share, compared to $0.77 in Q4 2023.
  • Loans held for investment increased to $9.60 billion, a 2.06% increase year-over-year.
  • Deposits increased to $11.21 billion, a 6.28% increase year-over-year.

Headline financials

Total Revenue

$130M

Previous: $116M+12.0%
EPS (adj)

$0.85

Previous: $0.77+10.4%
Net Interest Margin

3.5%

Previous: 3.5%+1.2%
Efficiency Ratio

56.1%

Previous: 68.9%-18.6%
Loans HFI

$9.6B

No prior period
Return on Average Total Assets

1.1%

No prior period
Return on Average Shareholders' Equity

9.6%

No prior period
Return on Average Tangible Common Equity

11.5%

No prior period
Book Value Per Common Share

$33.59

No prior period
Tangible Book Value Per Common Share

$28.27

No prior period
Total Common Shareholders' Equity to Assets

11.9%

No prior period
Tangible Common Equity to Tangible Assets

10.2%

Previous: 9.7%+4.7%
ACL on HFI Loans %

1.6%

Previous: 1.6%-1.3%
Annualized Net Charge-Offs %

0.5%

No prior period
Nonperforming Loans HFI %

0.9%

Previous: 0.7%+33.8%
Nonperforming Assets % of Total Assets

0.9%

Previous: 0.7%+34.8%
Capital Expenditures

-$1.57M

Previous: $3.67M-142.8%
Net Income

$37.9M

Previous: $29.4M+29.0%
Operating Income

$57.2M

Previous: $36.2M+57.9%

Revenue & EPS history

FB Financial · Revenue · Quarterly

$130M

Q4 2024+12%vs Q4 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 optimistic about a strong economic environment in its markets in 2025 and expects to continue building the Company by adding and expanding on core banking relationships.

Tailwinds

  • The team finished 2024 with strong revenue growth.
  • Expenses were well-managed.
  • The company has a solid balance sheet.
  • The company is well situated for opportunities or challenges.
  • The company is optimistic about a strong economic environment in its markets in 2025.

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 Q4 2024

Historical avgQ4 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

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