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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Interest income:        
Interest and fees on loans $ 99,655 $ 89,861 $ 186,519 $ 179,273
Interest on securities        
Taxable 6,499 3,844 11,919 6,663
Tax-exempt 1,842 1,933 3,708 3,889
Other 2,218 691 3,195 1,289
Total interest income 110,214 96,329 205,341 191,114
Interest expense:        
Interest expense on deposits 6,591 7,919 12,053 17,745
Interest expense on borrowings 1,452 1,847 2,935 4,230
Total interest expense 8,043 9,766 14,988 21,975
Net interest income 102,171 86,563 190,353 169,139
Provision for credit losses 8,181 (12,885) 2,052 (24,517)
Provision for credit losses on unfunded commitments 4,137 (954) 6,019 (3,176)
Net interest income after provisions for credit losses 89,853 100,402 182,282 196,832
Noninterest income:        
(Loss) gain from securities, net (109) 144 (261) 227
(Loss) gain on sales or write-downs of other real estate owned (26) (23) (524) 473
Gain (loss) from other assets 18 (4) 82 (15)
Other income 236 3,038 2,550 5,180
Total noninterest income 33,214 49,300 74,606 116,030
Noninterest expenses:        
Salaries, commissions and employee benefits 55,181 62,367 114,624 126,938
Occupancy and equipment expense 5,853 5,356 11,256 11,205
Legal and professional fees 3,116 2,090 5,723 4,524
Data processing 2,404 2,542 4,885 4,861
Amortization of core deposit and other intangibles 1,194 1,394 2,438 2,834
Advertising 2,031 3,559 6,064 5,812
Mortgage restructuring expense 12,458 0 12,458 0
Other expense 14,760 15,652 28,821 31,484
Total noninterest expense 96,997 92,960 186,269 187,658
Income before income taxes 26,070 56,742 70,619 125,204
Income tax expense 6,717 13,440 16,030 29,028
Net income applicable to FB Financial Corporation and noncontrolling interest 19,353 43,302 54,589 96,176
Net income applicable to noncontrolling interest 8 8 8 8
Net income applicable to FB Financial Corporation $ 19,345 $ 43,294 $ 54,581 $ 96,168
Earnings per common share        
Basic (in dollars per share) $ 0.41 $ 0.91 $ 1.15 $ 2.03
Diluted (in dollars per share) $ 0.41 $ 0.90 $ 1.15 $ 2.00
Mortgage banking income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income $ 22,559 $ 35,499 $ 52,090 $ 90,831
Service charges on deposit accounts        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income 2,908 2,266 5,822 4,605
ATM and interchange fees        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income 5,353 5,381 10,440 9,722
Investment services and trust income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income $ 2,275 $ 2,999 $ 4,407 $ 5,007