FB Financial Corp
For the period ended Dec 31, 2023. Filed Feb 27, 2024.
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FY2023 · Filed Feb 27, 2024
FBK$55.10+1.7%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated balance sheets
(Amounts are in thousands except share and per share amounts)
| December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| ASSETS | ||
| Cash and due from banks | $146,542 | $259,872 |
| Federal funds sold and reverse repurchase agreements | 83,324 | 210,536 |
| Interest-bearing deposits in financial institutions | 581,066 | 556,644 |
| Cash and cash equivalents | 810,932 | 1,027,052 |
| Investments: | ||
| Available-for-sale debt securities, at fair value | 1,471,973 | 1,471,186 |
| Equity securities, at fair value | — | 2,990 |
| Federal Home Loan Bank stock, at cost | 34,190 | 58,641 |
| Loans held for sale (includes $46,618 and $113,240 at fair value, respectively) | 67,847 | 139,451 |
| Loans held for investment | 9,408,783 | 9,298,212 |
| Less: allowance for credit losses on loans HFI | 150,326 | 134,192 |
| Net loans held for investment | 9,258,457 | 9,164,020 |
| Premises and equipment, net | 155,731 | 146,316 |
| Operating lease right-of-use assets | 54,295 | 60,043 |
| Interest receivable | 52,715 | 45,684 |
| Mortgage servicing rights, at fair value | 164,249 | 168,365 |
| Bank-owned life insurance | 76,143 | 75,329 |
| Other real estate owned, net | 3,192 | 5,794 |
| Goodwill | 242,561 | 242,561 |
| Core deposit and other intangibles, net | 8,709 | 12,368 |
| Other assets | 203,409 | 227,956 |
| Total assets | $12,604,403 | $12,847,756 |
| LIABILITIES | ||
| Deposits | ||
| Noninterest-bearing | $2,218,382 | $2,676,631 |
| Interest-bearing checking | 2,504,421 | 3,059,984 |
| Money market and savings | 4,204,851 | 3,697,245 |
| Customer time deposits | 1,469,811 | 1,420,131 |
| Brokered and internet time deposits | 150,822 | 1,843 |
| Total deposits | 10,548,287 | 10,855,834 |
| Borrowings | 390,964 | 415,677 |
| Operating lease liabilities | 67,643 | 69,754 |
| Accrued expenses and other liabilities | 142,622 | 180,973 |
| Total liabilities | 11,149,516 | 11,522,238 |
| SHAREHOLDERS' EQUITY | ||
| Common stock, $1 par value per share; 75,000,000 shares authorized; 46,848,934 and 46,737,912 shares issued and outstanding, respectively | 46,849 | 46,738 |
| Additional paid-in capital | 864,258 | 861,588 |
| Retained earnings | 678,412 | 586,532 |
| Accumulated other comprehensive loss, net | (134,725) | (169,433) |
| Total FB Financial Corporation common shareholders' equity | 1,454,794 | 1,325,425 |
| Noncontrolling interest | 93 | 93 |
| Total equity | 1,454,887 | 1,325,518 |
| Total liabilities and shareholders' equity | $12,604,403 | $12,847,756 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.