New insider activity at FB Financial ( (FBK) ) has taken place on February 6, 2025.
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Significant shareholder James W. Ayers has demonstrated his confidence in FB Financial by acquiring 4,000 shares of the company’s stock, a transaction valued at $209,260. This purchase underscores Ayers’ ongoing commitment to the company and his optimistic outlook on its future prospects.
Recent Updates on FBK stock
FB Financial Corporation has recently reported strong financial results for the fourth quarter of 2024, showing both net income and adjusted net income growth compared to previous periods. The company’s earnings call highlighted a robust financial position with a 13% increase in full-year EPS and a 20% growth in full-year pre-tax pre-provision net revenue. Strategic expansions into new markets, including Asheville, North Carolina, and the addition of new bankers, have been significant contributors to its growth narrative. Despite these positive developments, FB Financial faced challenges such as a slight dip in net interest margin due to excess interest-bearing cash and an elevated charge-off level driven by a specific borrower’s challenges. The competitive deposit market also posed challenges with high-cost certificates of deposit. Looking forward, FB Financial focuses on organic growth and potential acquisitions, supported by strong capital ratios, aiming for significant loan growth in 2025.
More about FB Financial
YTD Price Performance: 4.91%
Average Trading Volume: 158,459
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.47B