Segment reporting (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Segment Financial Information

The following tables provide segment financial information for years ended December 31, 2021, 2020, and 2019 as follows:


Year Ended December 31, 2021	Banking		Mortgage		Consolidated
Net interest income	$	347,342	$	28	$	347,370
Provisions for credit losses(1)	(40,993)		—		(40,993)
Mortgage banking income(2)	—		179,682		179,682
Change in fair value of mortgage servicing rights, net of hedging(2)	—		(12,117)		(12,117)
Other noninterest income	61,073		(383)		60,690
Depreciation and amortization	7,054		1,362		8,416
Amortization of intangibles	5,473		—		5,473

Other noninterest expense	220,283		139,395		359,678
Income before income taxes	$	216,598	$	26,453	$	243,051
Income tax expense					52,750
Net income applicable to FB Financial Corporation and noncontrolling interest					190,301
Net income applicable to noncontrolling interest(3)					16
Net income applicable to FB Financial Corporation					$	190,285
Total assets	$	11,540,560	$	1,057,126	$	12,597,686
Goodwill	242,561		—		242,561

(1)Included $(1,998) in provision for credit losses on unfunded commitments.

(2)Change in fair value of mortgage servicing rights, net of hedging is included in mortgage banking income in the Company's consolidated statements of income.

(3)Banking segment includes noncontrolling interest.


Year Ended December 31, 2020	Banking		Mortgage		Consolidated
Net interest income	$	265,581	$	77	$	265,658
Provisions for credit losses(1)	107,967		—		107,967
Mortgage banking income(2)	—		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		1,111		7,536
Amortization of intangibles	5,323		—		5,323

Other noninterest expense(3)	212,890		151,336		364,226
(Loss) 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(4)					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)Includes $13,361 in provision for credit losses on unfunded commitments.

(2)Change in fair value of mortgage servicing rights, net of hedging is included in mortgage banking income in the Company's consolidated statements of income.

(3)Includes $33,824 of merger costs in the Banking segment related to the Farmers National acquisition and the Franklin merger 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 loan losses	7,053		—		7,053
Mortgage banking income(1)	—		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	4,594		582		5,176
Amortization of intangibles	4,339		—		4,339

Other noninterest expense(2)	144,734		90,592		235,326
Income before income taxes	$	99,859	$	9,680	$	109,539
Income tax expense					25,725




Net income applicable to FB Financial Corporation					$	83,814
Total assets	$	5,700,558	$	424,363	$	6,124,921
Goodwill	169,051		—		169,051

1.Change in fair value of mortgage servicing rights, net of hedging is 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.