FB Financial reports Q4 adjusted EPS 85c, consensus 83c

Reports Q4 revenue $130.38M, consensus $131.14M. Q4 NIM was 3.50% vs. 3.55% in the prior quarter and 3.46% in 4Q23. The company ended the quarter with tangible book value per common share of $28.27 from $28.15 at previous quarter end. CEO Christopher Holmes stated, “The company continued producing both deposit and loan growth during the quarter, resulting in increased net interest income. The growth came with an improved GAAP return on average assets of 1.14% and an adjusted pre-tax, pre-provision return on average assets* of 1.80%. Our strong financial position and operating momentum position us well moving into 2025.”