FB Financial Corp
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
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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Item 8. Consolidated statements of cash flows
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities: | |||
| Net income applicable to FB Financial Corporation and noncontrolling interest | $122,638 | $116,051 | $120,240 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization of fixed assets and software | 12,054 | 11,966 | 11,180 |
| Amortization of core deposit and other intangibles | 5,298 | 2,947 | 3,659 |
| Amortization of subordinated debt issuance costs and fair value premium, net | 888 | 386 | 387 |
| Capitalization of mortgage servicing rights | (3,773) | (4,984) | (7,192) |
| Net change in fair value of mortgage servicing rights | 17,016 | 7,195 | 11,308 |
| Stock-based compensation expense | 17,308 | 9,485 | 10,381 |
| Provision for credit losses on loans HFI | 33,189 | 14,667 | 16,738 |
| Provision for (reversal of) credit losses on unfunded commitments | 10,089 | (2,663) | (14,199) |
| Provision for (reversal of) mortgage loan repurchases | 186 | 235 | (650) |
| Accretion of discounts and premiums on acquired loans, net | (13,371) | (657) | (694) |
| (Accretion) amortization of premiums and discounts on securities, net | (3,078) | 2,180 | 6,106 |
| Loss from investment securities, net | 60,457 | 56,378 | 13,973 |
| Originations of loans held for sale | (1,380,264) | (1,222,606) | (1,199,362) |
| Proceeds from sale of loans held for sale | 1,336,371 | 1,206,725 | 1,276,596 |
| Gain on sale and change in fair value of loans held for sale | (38,699) | (33,700) | (28,541) |
| Net loss on write-downs of premises and equipment, other real estate owned and other assets | 1,166 | 2,167 | 27 |
| Reversal of deferred income taxes | (4,895) | (1,763) | (1,415) |
| Equity method investment loss | 2,359 | — | — |
| Earnings on bank-owned life insurance | (3,441) | (3,753) | (1,871) |
| Changes in: | |||
| Operating lease assets and liabilities, net | (754) | (1,287) | 3,637 |
| Other assets and interest receivable | (12,494) | (27,679) | 6,564 |
| Accrued expenses and other liabilities | (2,387) | 7,510 | (15,800) |
| Net cash provided by operating activities | 155,863 | 138,800 | 211,072 |
| Cash flows from investing activities: | |||
| Activity in available-for-sale securities: | |||
| Sales | 266,894 | 526,441 | 100,463 |
| Maturities, prepayments and calls | 301,045 | 299,814 | 128,206 |
| Purchases | (421,485) | (905,431) | (202,054) |
| Proceeds from sales of equity securities | 2,642 | — | 3,091 |
| Net change in loans | (515,018) | (211,941) | (97,302) |
| Net redemptions of FHLB stock | 2,406 | 1,441 | 24,451 |
| Purchases of Federal Reserve stock | (45,227) | — | — |
| Purchases of premises and equipment | (8,849) | (6,546) | (20,229) |
| Proceeds from the sale of premises and equipment | 1,850 | 1,009 | 123 |
| Proceeds from the sale of other real estate owned | 6,443 | 2,323 | 6,083 |
| Purchase of equity method securities | — | (10,000) | — |
| Proceeds from the sale of other assets | 2,620 | 1,494 | 1,717 |
| Proceeds from bank-owned life insurance | 4,051 | 7,392 | 236 |
| Net cash acquired in business combinations | 370,147 | — | — |
| Net cash used in investing activities | (32,481) | (294,004) | (55,215) |
| Years Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from financing activities: | |||
| Net increase (decrease) in deposits | $230,997 | $657,650 | $(312,897) |
| Net increase (decrease) in securities sold under agreements to repurchase and federal funds purchased | 86,366 | (95,265) | 21,819 |
| Bank Term Funding Program (repayments) advances | — | (130,000) | 130,000 |
| Net decrease in short-term FHLB advances | — | — | (175,000) |
| Redemptions on subordinated debt | (130,930) | — | — |
| Stock-based compensation withholding payments | (3,152) | (1,846) | (3,379) |
| Net proceeds from sale of common stock under employee stock purchase program | 897 | 882 | 723 |
| Repurchase of common stock | (155,914) | (12,699) | (4,944) |
| Dividends paid on common stock | (37,887) | (31,780) | (28,057) |
| Dividend equivalent payments made upon vesting of equity compensation | (336) | (166) | (226) |
| Noncontrolling interest distribution | (16) | (16) | (16) |
| Net cash (used in) provided by financing activities | (9,975) | 386,760 | (371,977) |
| Net change in cash and cash equivalents | 113,407 | 231,556 | (216,120) |
| Cash and cash equivalents at beginning of the period | 1,042,488 | 810,932 | 1,027,052 |
| Cash and cash equivalents at end of the period | $1,155,895 | $1,042,488 | $810,932 |
| Supplemental cash flow information: | |||
| Interest paid | $320,459 | $303,662 | $261,032 |
| Taxes paid, net of refunds | 20,969 | 43,195 | 37,937 |
| Supplemental noncash disclosures: | |||
| Transfers from loans HFI to other real estate owned | $8,205 | $3,458 | $2,736 |
| Transfers from loans HFI to other assets | 5,939 | 4,362 | 2,925 |
| Transfers from other real estate owned to other assets | — | — | 75 |
| Transfers from loans HFI to loans held for sale | 5,306 | 1,054 | 13,720 |
| Transfers from loans held for sale to loans HFI | 11,083 | 1,850 | 3,273 |
| Loans HFI provided for sales of other assets | 1,337 | 1,078 | 911 |
| (Decrease) increase in rebooked GNMA loans under optional repurchase program | (3,255) | 10,128 | (4,982) |
| Stock consideration paid in business combination | 368,028 | — | — |
| Dividends declared not paid on restricted stock units and performance stock units | 408 | 374 | 287 |
| Right-of-use assets obtained in exchange for operating lease liabilities | 6,404 | 5,973 | 7,300 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.