FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, and municipal and savings accounts; and time deposits and certificates of deposit. The company also offers owner-occupied and non-owner-occupied real estate construction, residential real estate 1-4 family mortgage, multi-family residential, commercial construction, land acquisition, and land development, loans; residential lines of credit; and consumer and other loans, such as car, boat, and other recreational vehicle loans, as well as manufactured homes without real estate, and personal lines of credit. In addition, the company provides mortgage banking services through its bank branch networks in the southeastern United States; an internet delivery channel; and trust, insurance, and investment services, as well as online and mobile banking services. As of December 31, 2020, it operated 81 full-service bank branches and 9 limited service branches locations throughout Tennessee, North Alabama, Southern Kentucky, and North Georgia; and 23 mortgage offices throughout the southeastern United States. The company was formerly known as First South Bancorp, Inc. and changed its name to FB Financial Corporation in 2016. FB Financial Corporation was founded in 1906 and is headquartered in Nashville, Tennessee.
IPO Year: 2016
Exchange: NYSE
Website: firstbankonline.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/18/2024 | $60.00 | Outperform → Market Perform | Hovde Group |
10/21/2024 | $52.50 → $56.00 | Outperform | Hovde Group |
7/17/2024 | $41.00 → $46.00 | Overweight → Neutral | Piper Sandler |
5/23/2024 | $39.00 → $45.00 | Equal-Weight → Overweight | Stephens |
4/16/2024 | $38.00 → $41.00 | Neutral → Overweight | Piper Sandler |
4/16/2024 | $40.00 → $40.50 | Market Perform → Outperform | Hovde Group |
1/17/2024 | $41.50 → $40.00 | Outperform → Market Perform | Hovde Group |
10/18/2023 | $35.50 | Market Perform → Outperform | Hovde Group |
10/18/2023 | $34.00 → $35.50 | Neutral → Buy | Janney |
8/31/2023 | Mkt Perform | Raymond James |
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NASHVILLE, Tenn.--(BUSINESS WIRE)--Jim Ayers, who bought a tiny, rural West Tennessee bank in 1984 and turned it into an $11 billion regional powerhouse, announced today he was stepping down as Executive Chairman of the board of directors of FirstBank and its parent company FB Financial Corporation (NYSE: FBK) effective Jan. 1, 2021. Ayers, who owns 29 percent of the publicly traded bank, will retain a board seat and expects to continue working at the bank, focusing his time calling on customers. “Having just celebrated my 77th birthday, I thought this would be a good time to dial back some of my responsibilities to give me more time to spend with my family and on my hobbies,” A
Keefe, Bruyette & Woods analyst Catherine Mealor maintains FB Financial (NYSE:FBK) with a Market Perform and raises the price target from $40 to $45.
Piper Sandler analyst Stephen Scouten downgrades FB Financial (NYSE:FBK) from Overweight to Neutral and raises the price target from $41 to $46.
U.S. regional banks are experiencing sessions of significant gains, as growing expectations for interest rate cuts fueled an investor rotation from large-cap to small-cap stocks. The SPDR S&P Regional Banking ETF (NYSE:KRE) — a widely followed gauge for the industry — rallied as much as 4.5% on Tuesday, marking the strongest session since December 2023. Notably, the recent five-day rally of nearly 15% was the strongest for regional banks since November 2020. With Tuesday’s move, regional banks have effectively recouped all losses suffered after March 9, 2023, characterized by the failure of Silicon Valley Bank and Signature Bank. “Lending conditions for commercial and industrial
4 analysts have expressed a variety of opinions on FB Financial (NYSE:FBK) over the past quarter, offering a diverse set of opinions from bullish to bearish. The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 1 1 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 1 0 2M Ago 0 1 0 0 0 3M Ago 0 0 0 0 0 In the assessment of 12-month price targets, analysts unveil insights for FB Financial, presenting an average target of $43.0, a high estimate of $45.00, and a low estimate of $40.00. This current ave
Stephens & Co. analyst Russell Gunther reiterates FB Financial (NYSE:FBK) with a Overweight and maintains $45 price target.
With U.S. stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Bank of America Corporation (NYSE:BAC) to report quarterly earnings at 80 cents per share on revenue of $25.22 billion before the opening bell. Bank of America shares gained 0.1% to $41.94 in after-hours trading. FB Financial Corporation (NYSE:FBK) posted better-than-expected results for its second quarter on Monday. FB Financial shares rose 0.5% to $43.03 in the after-hours trading session. Analysts are expecting Morgan Stanley (NYSE:MS) to post quarterly earnings at $1.65 per share on revenue of $14.3 billion. The company will r
FB Financial (NYSE:FBK) reported quarterly earnings of $0.84 per share which beat the analyst consensus estimate of $0.76 by 10.53 percent. This is a 9.09 percent increase over earnings of $0.77 per share from the same period last year. The company reported quarterly sales of $128.22 million which beat the analyst consensus estimate of $123.54 million by 3.79 percent. This is a 2.01 percent increase over sales of $125.70 million the same period last year.
With U.S. stock futures trading higher this morning on Monday, some of the stocks that may grab investor focus today are as follows: Wall Street expects The Goldman Sachs Group, Inc. (NYSE:GS) to report quarterly earnings at $8.34 per share on revenue of $12.46 billion before the opening bell, according to data from Benzinga Pro. Goldman Sachs shares gained 0.1% to close at $479.88 on Friday. The J. M. Smucker Company (NYSE:SJM) raised its quarterly dividend from $1.06 to $1.08 per share. Smucker shares rose 0.02% to $113.18 in the after-hours trading session. Analysts are expecting BlackRock, Inc. (NYSE:BLK) to post quarterly earnings at $9.95 per share on revenue of $4.85 billion
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, with the index remaining in the “Greed” zone on Friday. U.S. stocks closed higher on Friday, with the Dow Jones index topping the key 40,000 mark during the session. The 30-stock blue-chip index gained around 1.6% last week. On the economic data front, the headline PPI for final demand rose by 0.2% month-over-month in June, rebounding sharply from the upwardly revised flat reading in May and surpassing economists’ expectations – as tracked by TradingEconomics – of a 0.1% increase. The University of Michigan consumer sentiment declined for a fourth consecutive month to 66 in July compared to 68.2
FB Financial Corporation (NYSE:FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on November 19, 2024, to shareholders of record as of November 5, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, "This quarter's dividend marks our 27th consecutive quarter of paying dividends and continues our tradition of delivering consistent value to our shareholders. Our ongoing commitment to financial stability and growth is reflected in our ability to maintain regular dividend payments. We are dedicated to creating sustainable value for our investors and are proud of our strong financial perform
Reports Q3 Diluted EPS of $0.22, Adjusted Diluted EPS* of $0.86 FB Financial Corporation (the "Company") (NYSE:FBK), parent company of FirstBank, reported net income of $10.2 million, or $0.22 per diluted common share, for the third quarter of 2024, compared to $0.85 in the previous quarter and $0.41 in the third quarter of last year. Adjusted net income* was $40.1 million, or $0.86 per diluted common share, compared to $0.84 in the previous quarter and $0.71 in the third quarter of last year. The Company ended the third quarter with loans held for investment ("HFI") of $9.48 billion compared to $9.31 billion at the end of the previous quarter, a 7.20% annualized increase, and $9.29 billi
FB Financial Corporation ("FB Financial" or "the Company") (NYSE:FBK) announced today that it will release its 2024 third quarter results of operations on Tuesday, October 15, 2024, before the open of market trading. The Company will host a conference call at 10:00 a.m. Central Time on the same day to discuss its third quarter results of operations. For investors or analysts who want to attend the call, the dial-in number is 877-883-0383, confirmation code 8581921. A telephonic replay will be available approximately two hours after the call through October 22, 2024, by dialing 877-344-7529 and entering confirmation code 5751189. A live online broadcast of FB Financial's conference call wil
FB Financial Corporation (NYSE:FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on August 20, 2024, to shareholders of record as of August 6, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, "This quarter's dividend marks our 26th consecutive quarter of paying dividends. This consistent dividend record highlights our commitment to delivering value to our shareholders and underscores the continued strength and consistency in our financial performance. We remain steadfast in our commitment to creating continued, sustainable value for our investors." ABOUT FB FINANCIAL CORPORATION
Reports Q2 Diluted EPS of $0.85, Adjusted Diluted EPS* of $0.84 FB Financial Corporation (the "Company") (NYSE:FBK), parent company of FirstBank, reported net income of $40.0 million, or $0.85 per diluted common share, for the second quarter of 2024, compared to $0.59 in the previous quarter and $0.75 in the second quarter of last year. Adjusted net income* was $39.4 million, or $0.84 per diluted common share, compared to $0.85 in the previous quarter and $0.77 in the second quarter of last year. The Company ended the second quarter with loans held for investment ("HFI") of $9.31 billion compared to $9.29 billion at the end of the previous quarter and $9.33 billion at the end of the sec
FB Financial Corporation ("FB Financial" or "the Company") (NYSE:FBK) announced today that it will release its 2024 second quarter results of operations on Monday, July 15, 2024, after the close of market. The Company will host a conference call at 8:00 a.m. Central Time on Tuesday, July 16, 2024, to discuss its second quarter results of operations. For investors or analysts who want to attend the call, the dial-in number is 877-883-0383, confirmation code 0276461. A telephonic replay will be available approximately two hours after the call through July 23, 2024, by dialing 877-344-7529 and entering confirmation code 8320665. A live online broadcast of FB Financial's conference call will
FB Financial Corporation (NYSE:FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on May 28, 2024, to shareholders of record as of May 14, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, "Today, I am proud to announce the Board has once again approved our quarterly dividend, marking an incredible milestone of 25 consecutive quarters of dividend payments. This achievement reflects our unwavering commitment to delivering value to our shareholders and underscores the strength and consistency of our financial performance. We remain dedicated to our mission of providing sustainable retur
Reports Q1 Diluted EPS of $0.59, Adjusted Diluted EPS* of $0.85 FB Financial Corporation (the "Company") (NYSE:FBK), parent company of FirstBank, reported net income of $28.0 million, or $0.59 per diluted common share, for the first quarter of 2024, compared to $0.63 in the previous quarter and $0.78 in the first quarter of last year. Adjusted net income* was $39.9 million, or $0.85 per diluted common share, compared to $0.77 in the previous quarter and $0.76 in the first quarter of last year. The Company ended the first quarter with loans held for investment ("HFI") of $9.29 billion compared to $9.41 billion at the end of the previous quarter and $9.37 billion at the end of the first q
FB Financial Corporation ("FB Financial" or "the Company") (NYSE:FBK) announced today that it will release its 2024 first quarter results of operations on Monday, April 15, 2024, after the close of market trading. The Company will host a conference call at 8:00 a.m. Central Time on Tuesday, April 16, 2024, to discuss its first quarter results of operations. For investors or analysts who want to attend the call, the dial-in number is 877-883-0383, confirmation code 2780822. A telephonic replay will be available approximately two hours after the call through April 23, 2024, by dialing 877-344-7529 and entering confirmation code 3452585. A live online broadcast of FB Financial's conference c
FB Financial Corporation ("the Company") (NYSE:FBK), the parent company of FirstBank, announced today that its board of directors authorized the repurchase of up to $100 million of the Company's outstanding common stock. The repurchase authorization will be in place until January 31, 2026, and replaces the Company's previous authorization, which expired on January 31, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, "This repurchase authorization reflects the Company's financial strength and strong profitability. Our management team is keenly focused on deploying capital to deliver superior returns and to create long-term value. This program provides another
Hovde Group downgraded FB Financial from Outperform to Market Perform and set a new price target of $60.00
Hovde Group reiterated coverage of FB Financial with a rating of Outperform and set a new price target of $56.00 from $52.50 previously
Piper Sandler downgraded FB Financial from Overweight to Neutral and set a new price target of $46.00 from $41.00 previously
Stephens upgraded FB Financial from Equal-Weight to Overweight and set a new price target of $45.00 from $39.00 previously
Piper Sandler upgraded FB Financial from Neutral to Overweight and set a new price target of $41.00 from $38.00 previously
Hovde Group upgraded FB Financial from Market Perform to Outperform and set a new price target of $40.50 from $40.00 previously
Hovde Group downgraded FB Financial from Outperform to Market Perform and set a new price target of $40.00 from $41.50 previously
Hovde Group upgraded FB Financial from Market Perform to Outperform and set a new price target of $35.50
Janney upgraded FB Financial from Neutral to Buy and set a new price target of $35.50 from $34.00 previously
Raymond James resumed coverage of FB Financial with a rating of Mkt Perform
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FB Financial Corporation (NYSE:FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on November 19, 2024, to shareholders of record as of November 5, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, "This quarter's dividend marks our 27th consecutive quarter of paying dividends and continues our tradition of delivering consistent value to our shareholders. Our ongoing commitment to financial stability and growth is reflected in our ability to maintain regular dividend payments. We are dedicated to creating sustainable value for our investors and are proud of our strong financial perform
Reports Q3 Diluted EPS of $0.22, Adjusted Diluted EPS* of $0.86 FB Financial Corporation (the "Company") (NYSE:FBK), parent company of FirstBank, reported net income of $10.2 million, or $0.22 per diluted common share, for the third quarter of 2024, compared to $0.85 in the previous quarter and $0.41 in the third quarter of last year. Adjusted net income* was $40.1 million, or $0.86 per diluted common share, compared to $0.84 in the previous quarter and $0.71 in the third quarter of last year. The Company ended the third quarter with loans held for investment ("HFI") of $9.48 billion compared to $9.31 billion at the end of the previous quarter, a 7.20% annualized increase, and $9.29 billi
FB Financial Corporation ("FB Financial" or "the Company") (NYSE:FBK) announced today that it will release its 2024 third quarter results of operations on Tuesday, October 15, 2024, before the open of market trading. The Company will host a conference call at 10:00 a.m. Central Time on the same day to discuss its third quarter results of operations. For investors or analysts who want to attend the call, the dial-in number is 877-883-0383, confirmation code 8581921. A telephonic replay will be available approximately two hours after the call through October 22, 2024, by dialing 877-344-7529 and entering confirmation code 5751189. A live online broadcast of FB Financial's conference call wil
FB Financial Corporation (NYSE:FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on August 20, 2024, to shareholders of record as of August 6, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, "This quarter's dividend marks our 26th consecutive quarter of paying dividends. This consistent dividend record highlights our commitment to delivering value to our shareholders and underscores the continued strength and consistency in our financial performance. We remain steadfast in our commitment to creating continued, sustainable value for our investors." ABOUT FB FINANCIAL CORPORATION
Reports Q2 Diluted EPS of $0.85, Adjusted Diluted EPS* of $0.84 FB Financial Corporation (the "Company") (NYSE:FBK), parent company of FirstBank, reported net income of $40.0 million, or $0.85 per diluted common share, for the second quarter of 2024, compared to $0.59 in the previous quarter and $0.75 in the second quarter of last year. Adjusted net income* was $39.4 million, or $0.84 per diluted common share, compared to $0.85 in the previous quarter and $0.77 in the second quarter of last year. The Company ended the second quarter with loans held for investment ("HFI") of $9.31 billion compared to $9.29 billion at the end of the previous quarter and $9.33 billion at the end of the sec
FB Financial Corporation ("FB Financial" or "the Company") (NYSE:FBK) announced today that it will release its 2024 second quarter results of operations on Monday, July 15, 2024, after the close of market. The Company will host a conference call at 8:00 a.m. Central Time on Tuesday, July 16, 2024, to discuss its second quarter results of operations. For investors or analysts who want to attend the call, the dial-in number is 877-883-0383, confirmation code 0276461. A telephonic replay will be available approximately two hours after the call through July 23, 2024, by dialing 877-344-7529 and entering confirmation code 8320665. A live online broadcast of FB Financial's conference call will
FB Financial Corporation (NYSE:FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on May 28, 2024, to shareholders of record as of May 14, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, "Today, I am proud to announce the Board has once again approved our quarterly dividend, marking an incredible milestone of 25 consecutive quarters of dividend payments. This achievement reflects our unwavering commitment to delivering value to our shareholders and underscores the strength and consistency of our financial performance. We remain dedicated to our mission of providing sustainable retur
Reports Q1 Diluted EPS of $0.59, Adjusted Diluted EPS* of $0.85 FB Financial Corporation (the "Company") (NYSE:FBK), parent company of FirstBank, reported net income of $28.0 million, or $0.59 per diluted common share, for the first quarter of 2024, compared to $0.63 in the previous quarter and $0.78 in the first quarter of last year. Adjusted net income* was $39.9 million, or $0.85 per diluted common share, compared to $0.77 in the previous quarter and $0.76 in the first quarter of last year. The Company ended the first quarter with loans held for investment ("HFI") of $9.29 billion compared to $9.41 billion at the end of the previous quarter and $9.37 billion at the end of the first q
FB Financial Corporation ("FB Financial" or "the Company") (NYSE:FBK) announced today that it will release its 2024 first quarter results of operations on Monday, April 15, 2024, after the close of market trading. The Company will host a conference call at 8:00 a.m. Central Time on Tuesday, April 16, 2024, to discuss its first quarter results of operations. For investors or analysts who want to attend the call, the dial-in number is 877-883-0383, confirmation code 2780822. A telephonic replay will be available approximately two hours after the call through April 23, 2024, by dialing 877-344-7529 and entering confirmation code 3452585. A live online broadcast of FB Financial's conference c
FB Financial Corporation (NYSE:FBK) announced today that its board of directors declared a quarterly cash dividend of $0.17 per share. The dividend is payable on February 27, 2024, to shareholders of record as of February 13, 2024. Christopher T. Holmes, President and Chief Executive Officer, commented, "We are pleased with the board of directors' decision to pay our 24th consecutive quarterly dividend and are happy to be able to increase the dividend by 13% compared to prior quarters. We remain committed to building long-term shareholder value by returning a portion of the Company's earnings through cash dividends." ABOUT FB FINANCIAL CORPORATION FB Financial Corporation (NYSE:FBK) i
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