Segment reporting (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Segment Financial Information


Year Ended December 31, 2020	Banking(4)		Mortgage		Consolidated
Net interest income	$	265,581	$	77	$	265,658
Provisions for credit losses(1)	107,967		—		107,967
Mortgage banking income	—		289,702		289,702
Change in fair value of mortgage servicing rights, net of hedging(2)	—		(34,374)		(34,374)
Other noninterest income	46,527		—		46,527
Depreciation and amortization	6,425		584		7,009
Amortization of intangibles	5,323		—		5,323
Other noninterest mortgage banking expense	—		150,808		150,808
Other noninterest expense(3)	212,890		1,055		213,945
Income before income taxes	$	(20,497)	$	102,958	$	82,461
Income tax expense					18,832
Net income applicable to FB Financial Corporation and noncontrolling interest					$	63,629
Net income applicable to noncontrolling interest					8
Net income applicable to FB Financial Corporation					$	63,621
Total assets	$	10,254,324	$	953,006	$	11,207,330
Goodwill	242,561		—		242,561

(1)Included $13,361 in provision for credit losses on unfunded commitments.

(2)Included in mortgage banking income in the Company's consolidated statements of income.

(3)Included $33,824 of merger costs in the Banking segment related to the acquisition and integration of Farmers National and Franklin, and $1,055 of merger costs in the Mortgage segment related to the Franklin merger.

(4)Banking segment includes noncontrolling interest.


Year Ended December 31, 2019	Banking		Mortgage		Consolidated
Net interest income	$	226,098	$	(62)	$	226,036
Provisions for credit losses	7,053		—		7,053
Mortgage banking income	—		117,905		117,905
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(16,989)		(16,989)
Other noninterest income	34,481		—		34,481
Depreciation and amortization	4,670		506		5,176
Amortization of intangibles	4,339		—		4,339
Other noninterest mortgage banking expense	—		88,673		88,673
Other noninterest expense(2)	144,658		1,995		146,653
Income before income taxes	$	99,859	$	9,680	$	109,539
Income tax expense					25,725
Net income					$	83,814
Total assets	$	5,700,558	$	424,363	$	6,124,921
Goodwill	169,051		—		169,051

(1)Included in mortgage banking income in the Company's consolidated statements of income.

(2)Includes $5,385 in merger costs in the Banking segment related to the Atlantic Capital branch acquisition and $1,995 in mortgage restructuring charges in the Mortgage segment.


Year Ended December 31, 2018	Banking		Mortgage		Consolidated
Net interest income	$	204,517	$	(449)	$	204,068
Provisions for credit losses	5,398		—		5,398
Mortgage banking income	—		109,334		109,334
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(8,673)		(8,673)
Other noninterest income	29,981		—		29,981
Depreciation and amortization	3,827		507		4,334
Amortization of intangibles	3,185		—		3,185
Other noninterest mortgage banking expense	—		94,739		94,739
Other noninterest expense(2)	121,200		—		121,200
Income before income taxes	$	100,888	$	4,966	$	105,854
Income tax expense					25,618
Net income					$	80,236
Total assets	$	4,713,346	$	423,418	$	5,136,764
Goodwill	137,090		100		137,190

(1)Included in mortgage banking income in the Company's consolidated statements of income.

(2)Included $1,594 in merger costs and $671 in costs related to follow-on secondary offering in the Banking segment.