FB Financial Corp

For the period ended Dec 31, 2024. Filed Feb 25, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 25, 2025

FBK$54.90-0.4%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated statements of income

(Amounts are in thousands, except per share amounts)

	Years Ended December 31,
	2024	2023	2022
Interest income:
Interest and fees on loans	$626,402	$599,195	$436,363
Interest on investment securities
Taxable	50,057	27,257	25,469
Tax-exempt	4,749	7,153	7,332
Other	44,330	44,805	12,258
Total interest income	725,538	678,410	481,422
Interest expense:
Deposits	296,345	258,819	56,642
Borrowings	12,690	12,374	12,545
Total interest expense	309,035	271,193	69,187
Net interest income	416,503	407,217	412,235
Provision for credit losses on loans HFI	14,667	16,738	10,393
(Reversal of) provision for credit losses on unfunded commitments	(2,663)	(14,199)	8,589
Net interest income after provision for credit losses	404,499	404,678	393,253
Noninterest income:
Mortgage banking income	46,634	44,692	73,580
Investment services and trust income	14,191	11,320	8,866
Service charges on deposit accounts	13,234	12,154	12,049
ATM and interchange fees	11,465	10,282	15,600
Loss from investment securities, net	(56,378)	(13,973)	(376)
Loss on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(2,167)	(27)	(265)
Other income	12,091	6,095	5,213
Total noninterest income	39,070	70,543	114,667
Noninterest expenses:
Salaries, commissions and employee benefits	183,813	203,441	211,491
Occupancy and equipment expense	26,250	28,148	23,562
Data processing	9,642	9,230	9,315
Legal and professional fees	7,679	8,890	15,028
Advertising	7,007	8,267	11,208
Amortization of core deposit and other intangibles	2,947	3,659	4,585
Mortgage restructuring expense	—	—	12,458
Other expense	59,561	63,294	60,699
Total noninterest expense	296,899	324,929	348,346
Income before income taxes	146,670	150,292	159,574
Income tax expense	30,619	30,052	35,003
Net income applicable to FB Financial Corporation and noncontrolling interest	116,051	120,240	124,571
Net income applicable to noncontrolling interest	16	16	16
Net income applicable to FB Financial Corporation	$116,035	$120,224	$124,555
Earnings per common share:
Basic	$2.48	$2.57	$2.64
Diluted	2.48	2.57	2.64

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.