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FB Financial Corporation (FBK)
NYSE:FBK
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Earnings Data
Report Date
Jan 21, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.83Last Year’s EPS
0.85Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 22, 2018
|% Change Since: 0.78%
|Next Earnings Date:Jul 23, 2018
Earnings Call Sentiment|Positive
FB Financial reported strong financial performance with significant growth in EPS and net revenue. The strategic expansion into new markets and a strong capital position are positive indicators. However, challenges such as a decrease in net interest margin, elevated charge-offs, and a competitive deposit market were noted.Company Guidance
During the FB Financial Corporation's Fourth Quarter 2024 Earnings Call, Chris Holmes, President and CEO, outlined several key metrics that underscore the company's robust performance and strategic focus. For Q4, FB Financial reported an EPS of $0.81 and an adjusted EPS of $0.85, while full-year EPS stood at $2.48 or $3.40 on an adjusted basis, marking a 13% year-over-year increase. The tangible book value per share, excluding the impact of AOCI, has grown at a compound annual growth rate of 12.9% since 2016. The company achieved a GAAP return on average assets of 1.14% and a return on average tangible common equity of 11.5%. Full-year pretax pre-provision net revenue reached $158.7 million, or $217.1 million on an adjusted basis, reflecting a 20% increase compared to the previous year. Holmes highlighted the company's strong capital position with a tangible common equity to tangible assets ratio of 10.2%, a preliminary CET1 ratio of 12.8%, and a total risk-based capital ratio of 15.2%. For 2025, FB Financial plans to continue focusing on organic growth, aiming for high single-digit to low double-digit loan growth, and is actively exploring strategic bank acquisitions while maintaining strong capital ratios.Strong Financial Performance
FB Financial reported a full year EPS of $2.48 or an adjusted EPS of $3.40, representing a 13% year-over-year increase. Full year pretax pre-provision net revenue was $158.7 million, or $217.1 million on an adjusted basis, which represents a 20% year-over-year increase.
Asset and Deposit Growth
Total assets grew by $553 million or approximately 4.4%, funded through growth of core deposit balances of $343.5 million or about 3.3%.
Strategic Expansion
FB Financial expanded into new markets with the addition of 9 new revenue-producing bankers in the fourth quarter, totaling 32 for the year, and announced expansion into Asheville, North Carolina.
Capital and Liquidity Strength
The capital position remains strong with a tangible common equity to tangible assets of 10.2%, a preliminary CET1 ratio of 12.8%, and a preliminary total risk-based capital ratio of 15.2%.
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FBK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 21, 2025 | $52.40 | $53.56 | +2.21% |
| Oct 15, 2024 | $47.56 | $47.74 | +0.38% |
| Jul 15, 2024 | $42.49 | $45.88 | +7.98% |
| Apr 15, 2024 | $34.22 | $35.72 | +4.38% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does FB Financial Corporation (FBK) report earnings?
FB Financial Corporation (FBK) is schdueled to report earning on Jan 21, 2025, TBA Not Confirmed.
What is FB Financial Corporation (FBK) earnings time?
FB Financial Corporation (FBK) earnings time is at Jan 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FBK EPS forecast?
FBK EPS forecast for the fiscal quarter 2025 (Q1) is 0.83.
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