Basis of presentation (Tables)

12 Months Ended

Dec. 31, 2020

The following is a summary of the basic and diluted earnings per common share calculation for each of the periods presented:


	Year Ended December 31,
	2020		2019		2018
Basic earnings per common share calculation:
Net income applicable to FB Financial Corporation	$	63,621	$	83,814	$	80,236
Dividends paid on and undistributed earnings allocated to participating securities	—		(447)		(428)
Earnings available to common shareholders	$	63,621	$	83,367	$	79,808
Weighted average basic shares outstanding	37,621,720		30,870,474		30,675,755
Basic earnings per common share	$	1.69	$	2.70	$	2.60
Diluted earnings per common share:
Earnings available to common shareholders	63,621		83,367		79,808
Weighted average basic shares outstanding	37,621,720		30,870,474		30,675,755
Weighted average diluted shares contingently issuable(1)	478,024		532,423		639,226
Weighted average diluted shares outstanding	38,099,744		31,402,897		31,314,981
Diluted earnings per common share	$	1.67	$	2.65	$	2.55

(1) Excludes 239,813 restricted stock units outstanding considered to be antidilutive as of December 31, 2020.

A summary of the impact to the consolidated balance sheet as of the adoption date is presented in the table below:


	Balance before adoption of ASC 326		Cumulative effect adjustment to adopt ASC 326		Impact of the adjustment to adopt ASC 326	Balance at January 1, 2020 (post ASC 326 adoption)
ASSETS:
Loans	$	4,409,642	$	558	Increase	$	4,410,200
Allowance for credit losses	(31,139)		(31,446)		Increase	(62,585)
Total impact to assets			$	(30,888)	Net decrease
LIABILITIES AND EQUITY:
Allowance for credit losses on unfunded commitments	$	—	$	2,947	Increase	$	2,947
Net deferred tax liability	20,490		(8,817)		Decrease	11,673
Retained earnings	293,524		(25,018)		Decrease	268,506
Total impact to liabilities and equity			$	(30,888)	Net decrease