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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
2024 (Q4)Consensus EPS Forecast
$0.84Last Year’s EPS
$0.77Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 15, 2024
|% Change Since: 8.24%
|Next Earnings Date:Jan 21, 2025
Earnings Call Sentiment|Positive
The earnings call highlights FB Financial's strong earnings growth, solid capital ratios, and successful expansion efforts. However, challenges include a significant loss on securities trade and an increase in nonperforming loans. Overall, the company appears well-positioned for growth, with optimism for future performance.Company Guidance
During the third quarter of 2024, FB Financial provided guidance that highlighted several key metrics. The company reported earnings of $0.22 per share and adjusted earnings of $0.86 per share, with a tangible book value per share growing at a compound annual growth rate of 12.9% since their IPO. The adjusted return on average assets was 1.25%, and adjusted earnings per share increased by 2.4% from the prior quarter and 21% year-over-year. Additionally, the adjusted pretax pre-provision net revenue grew by 2.7% from the previous quarter and 20% year-over-year. Despite a flat adjusted efficiency ratio at 58.4%, FB Financial maintained strong capital ratios, with tangible common equity to tangible assets at 10.4%, a CET1 ratio of 12.7%, and a total risk-based capital ratio of 15.1%. The company anticipates mid-single-digit growth in the fourth quarter due to seasonality and aims for low double-digit loan and deposit growth in 2025. They also noted a $120 million reduction in construction loans, lowering the construction and development concentration ratio to 69% and the commercial real estate concentration ratio to 245%.Strong Earnings and Growth
Reported adjusted earnings per share of $0.86, up 2.4% from the prior quarter and 21% year-over-year. Adjusted return on average assets was 1.25%.
Solid Loan and Deposit Growth
Achieved 7.2% annualized loan growth and 5.4% annualized non-brokered deposit growth. Targeting low double-digit loan and deposit growth in 2025.
Strong Capital Ratios
Tangible common equity to tangible assets ratio of 10.4%, CET1 ratio of 12.7%, and a total risk-based capital ratio of 15.1%.
Successful Expansion and Hiring
Expanded into Tuscaloosa, Alabama, and hired 20 senior revenue producers in 2024, including 16 in wealth management and mortgage groups.
Investment in Securities for Higher Yield
Sold $319 million of securities at a pretax loss of $40 million to reinvest at a 3% higher rate.
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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 |
|---|---|---|---|
| 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% |
| Jan 16, 2024 | $37.73 | $36.24 | -3.95% |
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 2024 (Q4) is $0.84.
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