FB Financial (NYSE:FBK) Announces Earnings Results, Meets Expectations

FB Financial (NYSE:FBK) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.21, FiscalAI reports. FB Financial had a net margin of 22.62% and a return on equity of 12.32%. The firm had revenue of $175.62 million during the quarter, compared to analysts’ expectations of $181.56 million.

Here are the key takeaways from FB Financial’s conference call:

• Strong balance-sheet growth and profitability: Third-quarter EPS was $1.20, adjusted EPS was $1.21, and loans and customer deposits grew at annualized rates of 9.7% and 11.2%, respectively. Adjusted return on average tangible common equity remained strong at 15.7%.
• Management reported healthy pipelines and expects full-year loan and deposit growth within its mid- to high-single-digit range, with robust customer activity continuing into 2027. The company is also expanding organically in western North Carolina and remains open to strategically aligned acquisitions.
• Core net interest margin fell to 3.83% from 3.95%, primarily because of continued deposit-pricing competition and a $1 million interest-income reversal tied to a non-accrual loan. Management expects fourth-quarter margin to remain near third-quarter levels and reduced banking-segment expense guidance to $325 million-$335 million.
• Mortgage banking faced pressure from sharply higher long-term interest rates, which reduced origination volumes and profitability; management expects the segment’s earnings contribution to decline further in the fourth quarter. A one-time $719,000 mortgage-platform transition expense also weighed on results.
• Credit quality was described as stable, with a 1.47% allowance coverage ratio and provision expense of $1.4 million, although non-accrual loans increased due mainly to an approximately $13 million collateralized credit. Management believes potential loss content is limited, while capital ratios remained well above regulatory minimums after issuing $125 million of subordinated debt and continuing opportunistic share repurchases.

FB Financial Trading Down 0.7%

FBK stock opened at $50.39 on Thursday. The company has a market cap of $2.52 billion, a P/E ratio of 11.20 and a beta of 0.98. FB Financial has a 52 week low of $49.24 and a 52 week high of $62.65. The company’s 50-day moving average price is $55.84 and its 200 day moving average price is $55.29.

FB Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 25th. Investors of record on Tuesday, August 11th were paid a $0.21 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.7%. FB Financial’s dividend payout ratio (DPR) is 18.67%.

FB Financial News Summary

Here are the key news stories impacting FB Financial this week:

• Positive Sentiment: Third-quarter adjusted EPS was $1.21, matching consensus and increasing from $1.07 a year earlier. Net income rose to $60.2 million, while loans and deposits grew at annualized rates of 9.68% and 8.82%, respectively. FB Financial Corporation Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Cantor Fitzgerald reaffirmed its Overweight rating and set a $65 price target, implying substantial upside from recent levels. Raymond James also maintained a Strong Buy rating, supporting the view that the bank’s loan growth and capital position remain attractive. Raymond James Adjusts FB Financial’s Price Target
• Neutral Sentiment: FB Financial repurchased approximately 545,000 shares and completed a $125 million subordinated debt issuance, actions that support capital flexibility but also increase attention on funding costs and balance-sheet management. FB Financial Q3 Net Income Rises
• Negative Sentiment: Revenue of roughly $175 million missed estimates near $182 million. Net interest margin fell to 3.83% from 3.95% in the prior quarter as deposit competition lifted funding costs, offsetting benefits from loan growth. What FB Financial’s Margin Squeeze Means
• Negative Sentiment: Management forecast a 2026 net interest margin excluding accretion of approximately 3.7% to 3.8%, with fourth-quarter growth expected to moderate. Raymond James consequently reduced its price target to $62 from $65, indicating that margin pressure is limiting near-term upside. FB Financial Forecasts 2026 Net Interest Margin

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James Financial lifted their price objective on FB Financial from $62.00 to $63.00 and gave the company a “strong-buy” rating in a report on Wednesday, July 1st. Cantor Fitzgerald reissued an “overweight” rating and set a $65.00 target price on shares of FB Financial in a research note on Wednesday. Truist Financial set a $64.00 price target on FB Financial in a report on Wednesday. Weiss Ratings raised FB Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 9th. Finally, Benchmark lifted their price target on FB Financial from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating and six have issued a Buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $64.43.

FB Financial Company Profile

FB Financial Corporation is a bank holding company headquartered in Nashville, Tennessee. Its principal subsidiary, FirstBank, provides banking and financial services to individuals, businesses and institutions through a regional branch network and digital banking channels.

FirstBank’s offerings include personal and business deposit accounts, residential and commercial real estate lending, consumer loans, commercial and industrial financing, treasury management, wealth management and mortgage banking services.