NASHVILLE, Tenn.--(BUSINESS WIRE)--FB Financial Corporation (NYSE: FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on November 19, 2024, to shareholders of record as of November 5, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, “This quarter's dividend marks our 27th consecutive quart...
We rate FB Financial Corporation a hold, appreciating its dividend growth and potential for share gains and dividend compounding. Q3 performance showed a 17.8% revenue increase, driven by higher loan yields and increased deposits, despite a one-time securities loss. Total loans and deposits grew, with notable increases in commercial, industrial, and residential loans, although non-performing as...
FB Financial Corporation (NYSE:FBK ) Q3 2024 Earnings Conference Call October 15, 2024 11:00 AM ET Company Participants Christopher Holmes - President and Chief Executive Officer Michael Mettee - Chief Financial Officer Travis Edmondson - Chief Banking Officer Conference Call Participants Russell Gunther - Stephens Catherine Mealor - KBW Steve Moss - Raymond James Operator Good morning, and wel...
NASHVILLE, Tenn.--(BUSINESS WIRE)--FB Financial Corporation (the “Company”) (NYSE: FBK), parent company of FirstBank, reported net income of $10.2 million, or $0.22 per diluted common share, for the third quarter of 2024, compared to $0.85 in the previous quarter and $0.41 in the third quarter of last year. Adjusted net income* was $40.1 million, or $0.86 per diluted common share, compared to $...
NASHVILLE, Tenn.--(BUSINESS WIRE)--FB Financial Corporation (“FB Financial” or “the Company”) (NYSE:FBK) announced today that it will release its 2024 third quarter results of operations on Tuesday, October 15, 2024, before the open of market trading. The Company will host a conference call at 10:00 a.m. Central Time on the same day to discuss its third quarter results of operations. For invest...
NASHVILLE, Tenn.--(BUSINESS WIRE)--FB Financial Corporation (NYSE: FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on August 20, 2024, to shareholders of record as of August 6, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, “This quarter's dividend marks our 26th consecutive quarter o...
Q2'24 results comfortably beat expectations, with a securities portfolio restructuring driving higher net interest income and also strong fee-based income. Loan growth was weaker than expected as management ratchets back some riskier lending exposures, but their 10% target for loan growth in 2025 is bold. FB Financial shares have climbed almost 60%, outperforming regional and Southeast banks, a...
A trade in FB Financial Corporation was opened in October 2023, with the initial investment and 20% profit taken out, allowing for future gains and dividends. The Q2 earnings report showed strong performance with increased revenue, wider margins, and improved return metrics, despite mixed asset quality. The CEO emphasized credit quality and a cautiously optimistic outlook, with a strong balance...
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