FB Financial Corporation (FBK) SEC Filings & Earnings Calls

Net interest margin compression of 12 bps QoQ, stable YoY, may pressure future net interest income if loan yields don't keep pace with deposit costs.

“NIM 3.83% Q3 2026 vs 3.95% Q2 2026”

Tangible common equity to tangible assets declined to 9.32% from 10.1% YoY, indicating slightly lower capital buffer.

“Tangible common equity to tangible assets 9.32% as of Sep 2026 vs 10.1% as of Sep 2025”

Nonperforming loan increase

“Nonperforming loans HFI increased by $29.7 million to $150.2 million as of June 30, 2026 compared to $120.5 million as of December 31, 2025.” · word for word

Provision expense increase

“Provision for credit losses of $10.1 million was recognized for the three months ended June 30, 2026 and $5.3 million for the three months ended June 30, 2025.” · word for word

Commercial real estate concentration

“Commercial real estate concentration ratio 269.0% for FirstBank as of June 30, 2026.”

Credit loss provisions increased to $10.1M from $3.0M prior quarter, indicating potential credit quality deterioration.

“Provisions for credit losses $10,116 vs $3,024 prior quarter”

Borrowings increased significantly (190.6% annualized), suggesting reliance on wholesale funding.

“Borrowings 314,513 vs 213,188 prior quarter, 190.6% annualized increase”

Standard forward-looking statement risks, no new specific risks.

“Forward-looking statements cautionary language.”

Geographic concentration in Hawaii

“Hawaii’s economy continues to remain resilient in an environment facing challenges, including from: high consumer prices and housing affordability, both of which are expected to continue with the gradual pass-through of tariffs and the ongoing conflict with Iran; a steady out-migration of its population; adverse weather events, such as the Kona Low storms, a”

Interest rate sensitivity

“The effect of changes in interest rates on our business, including our net interest income, net interest margin, the fair value of our investment securities, and our mortgage loan originations, mortgage servicing rights and mortgage loans held for sale.”

Credit quality deterioration

“The possibility of a deterioration in credit quality in our portfolio; the possibility we might underestimate the credit losses inherent in our loan and lease portfolio.”

Unrealized losses on investment securities

“Gross unrealized losses in our investment securities portfolio were $598.8 million and $521.9 million as of March 31, 2026 and December 31, 2025, respectively.”

Concentrated ownership distribution

“The Estate distributed 2,250,000 shares of Common Stock, without consideration, to a beneficiary of the Estate. On April 23, 2026, the Estate distributed 2,400,921 shares of Common Stock, without consideration, to a beneficiary of the Estate. On April 24, 2026, the Estate distributed 2,400,920 shares of Common Stock, without consideration, to a beneficiary o” · word for word

Concentrated ownership distribution

“The Estate distributed 2,250,000 shares of Common Stock, without consideration, to a beneficiary of the Estate. On April 23, 2026, the Estate distributed 2,400,921 shares of Common Stock, without consideration, to a beneficiary of the Estate. On April 24, 2026, the Estate distributed 2,400,920 shares of Common Stock, without consideration, to a beneficiary o” · word for word

Concentrated ownership distribution risk

“On April 17, 2026, the Estate distributed 2,250,000 shares of Common Stock, without consideration, to beneficiaries of the Estate.” · word for word

Concentrated ownership distribution risk

“On April 17, 2026, the Estate distributed 2,250,000 shares of Common Stock, without consideration, to beneficiaries of the Estate.” · word for word

NIM slightly compressed sequentially (3.98% to 3.94%), indicating potential margin pressure in a rate-sensitive environment.

“NIM decreased from 3.98% in Q4 2025 to 3.94% in Q1 2026.”

Concentrated ownership by Ayers Estate

“The Estate of James W. Ayers ... owns approximately 13% of the Company’s outstanding stock.”

Related party transactions

“FirstBank leases various office spaces from entities owned by Jon Ayers and the Ayers Estate. The aggregate amount paid by the bank for these leases was approximately $403,241 for the year ended December 31, 2025.” · word for word

Credit loss cycle risk

“Provision for credit losses on loans HFI and unfunded loan commitments was $43.3 million for the year ended December 31, 2025 compared $12.0 million for the year ended December 31, 2024 primarily due to the initial provision for credit losses on acquired loans and unfunded commitments from the Southern States merger of $28.4 million, along with changes in lo” · word for word

Commercial real estate stress

“Any deterioration in commercial real estate market fundamentals” · word for word

Regulatory transition may introduce new compliance requirements

“Change in primary federal regulator from FDIC to Federal Reserve”

Net dilution from estate sale may pressure EPS slightly; no capital raised.

“Net dilution of ~444k shares; company receives no proceeds.”

Integration risk from acquisition.

“Acquisition of Southern States Bancshares.” · word for word

Credit risk from acquired loan portfolio

“The Company determined that 17.0 % of the Southern States loan portfolio had more-than-insignificant deterioration in credit quality since origination as of the merger date.” · word for word

Integration risk from large M&A

“Merger and integration costs were $16.1 million for the three months ended September 30, 2025.” · word for word

Elevated provision expense

“Provision for credit losses of $34.4 million was recognized for the three months ended September 30, 2025 and $1.9 million for the three months ended September 30, 2024.” · word for word

No material risk identified.