Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Schedule of Segment Financial Information

The following tables provide segment financial information for three months ended March 31, 2022 and 2021 as follows:

Three Months Ended March 31, 2022	Banking		Mortgage		Consolidated
Net interest income	$	88,184	$	(2)	$	88,182
Provisions for credit losses(1)	(4,247)		—		(4,247)
Mortgage banking income(2)	—		29,278		29,278
Change in fair value of mortgage servicing rights, net of hedging(2)	—		253		253
Other noninterest income	11,983		(122)		11,861
Depreciation and amortization	1,710		326		2,036
Amortization of intangibles	1,244		—		1,244
Other noninterest expense	56,630		29,362		85,992
Income (loss) before income taxes	$	44,830	$	(281)	$	44,549
Income tax expense					9,313
Net income applicable to FB Financial Corporation and noncontrolling interest					35,236
Net income applicable to noncontrolling interest(3)					—
Net income applicable to FB Financial Corporation					$	35,236
Total assets	$	11,890,847	$	783,344	$	12,674,191
Goodwill	242,561		—		242,561

(1)Included $1,882 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.

Three Months Ended March 31, 2021	Banking		Mortgage		Consolidated
Net interest income	$	82,597	$	(21)	$	82,576
Provisions for credit losses(1)	(13,854)		—		(13,854)
Mortgage banking income(2)	—		60,595		60,595
Change in fair value of mortgage servicing rights, net of hedging(2)	—		(5,263)		(5,263)
Other noninterest income	11,398		—		11,398
Depreciation and amortization	1,728		328		2,056
Amortization of intangibles	1,440		—		1,440
Other noninterest expense	52,567		38,635		91,202
Income before income taxes	$	52,114	$	16,348	$	68,462
Income tax expense					15,588
Net income applicable to FB Financial Corporation and noncontrolling interest					52,874
Net income applicable to noncontrolling interest(4)					—
Net income applicable to FB Financial Corporation					$	52,874
Total assets	$	10,787,955	$	1,147,871	$	11,935,826
Goodwill	242,561		—		242,561

(1)Includes $2,222 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.