Recent Updates — FBK
FB Financial reported third-quarter 2026 net income of $60.2 million, or $1.20 per diluted share, compared to $58.6 million in the prior quarter and $23.4 million a year ago. Adjusted diluted earnings per share were $1.21. Net interest margin contracted 12 basis points to 3.83% due to rising deposit costs and a nonaccrual interest reversal, while net interest income rose slightly to $150 million on strong loan growth. Loans held for investment grew 9.68% annualized to $13.18 billion, and total deposits increased 8.82% annualized to $14.67 billion. The company completed a $125 million subordinated debt issuance and repurchased $29.3 million of common stock during the quarter. FB Financial operates as a financial holding company providing banking services through its subsidiary FirstBank in the Southeastern United States.
FB Financial Corporation completed the issuance and sale of $125,000,000 aggregate principal amount of its 6.625% Fixed-to-Floating Rate Subordinated Notes due 2036 on September 24, 2026. The notes were sold pursuant to an Underwriting Agreement with Keefe, Bruyette & Woods, Inc., and the company intends to use net proceeds for general corporate purposes, including providing capital to its wholly-owned banking subsidiary, FirstBank, to support growth. Interest accrues at a fixed rate of 6.625% per annum until October 1, 2031, after which it floats at Three-Month Term SOFR plus 205 basis points. The notes are unsecured, subordinated obligations with no sinking fund and may be redeemed starting October 1, 2031. FB Financial Corporation operates in the banking industry as a financial holding company.
FB Financial Corporation issued a press release on July 13, 2026, announcing its financial results for the second quarter ended June 30, 2026. The company also scheduled a conference call for July 14, 2026, to discuss these results and made supplemental financial information and an earnings presentation available on its investor website. FB Financial Corporation is a financial services company providing banking services.