FB Financial Corp
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
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Glossary Of Abbreviations And Acronyms
As used in this Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, references to “we,” “our,” “us,” “FB Financial,” or “the Company” refer to FB Financial Corporation, a Tennessee corporation, and our wholly-owned banking subsidiary, FirstBank, a Tennessee state-chartered bank, unless otherwise indicated or the context otherwise requires. References to “Bank” or “FirstBank” refer to FirstBank, our wholly-owned banking subsidiary.
The acronyms and abbreviations identified below are used in the Notes to the consolidated financial statements (unaudited) as well as in the Management’s discussion and analysis of financial condition and results of operations. You may find it helpful to refer to this page as you read this Report.
| ACL | Allowance for credit losses | Federal Reserve | Board of Governors of the Federal Reserve System |
|---|---|---|---|
| AFS | Available-for-sale | FHLB | Federal Home Loan Bank |
| ALCO | Asset Liability Management Committee | GAAP | U.S. generally accepted accounting principles |
| ASC | Accounting Standard Codification | GDP | Gross domestic product |
| ASU | Accounting Standard Update | GNMA | Government National Mortgage Association |
| Bank | FirstBank, subsidiary bank | HFI | Held for investment |
| BOLI | Bank-owned life insurance | NIM | Net interest margin |
| CD | Certificate of Deposit | OREO | Other real estate owned |
| CECL | Current expected credit losses | PSU | Performance-based restricted stock units |
| Company | FB Financial Corporation | Report | Form 10-Q for the quarterly period ended September 30, 2024 |
| CPR | Conditional prepayment rate | ROAA | Return on average assets |
| CRE | Commercial real estate | ROAE | Return on average common equity |
| ESPP | Employee Stock Purchase Plan | ROATCE | Return on average tangible common equity |
| EVE | Economic value of equity | RSU | Restricted stock units |
| FASB | Financial Accounting Standards Board | SEC | U.S. Securities and Exchange Commission |
| FDIC | Federal Deposit Insurance Corporation | SOFR | Secured overnight financing rate |
| FDM | Financial Difficulty Modification | TDFI | Tennessee Department of Financial Institutions |
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