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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Interest income:        
Interest and fees on loans $ 116,664 $ 89,993 $ 303,183 $ 269,266
Interest on securities        
Taxable 6,843 3,989 18,762 10,652
Tax-exempt 1,818 1,883 5,526 5,772
Other 3,158 800 6,353 2,089
Total interest income 128,483 96,665 333,824 287,779
Interest expense:        
Interest expense on deposits 13,133 6,596 25,186 24,341
Interest expense on borrowings 3,966 1,593 6,901 5,823
Total interest expense 17,099 8,189 32,087 30,164
Net interest income 111,384 88,476 301,737 257,615
Provision for credit losses 8,189 (2,832) 10,241 (27,349)
Provision for credit losses on unfunded commitments 3,178 301 9,197 (2,875)
Net interest income after provisions for credit losses 100,017 91,007 282,299 287,839
Noninterest income:        
(Loss) gain from securities, net (140) 51 (401) 278
Gain (loss) on sales or write-downs of other real estate owned 435 2,005 (89) 2,478
(Loss) gain from other assets (6) 177 76 162
Other income 1,870 1,398 4,420 6,578
Total noninterest income 22,592 59,006 97,198 175,036
Noninterest expenses:        
Salaries, commissions and employee benefits 51,028 62,818 165,652 189,756
Occupancy and equipment expense 6,011 5,979 17,267 17,184
Legal and professional fees 4,448 2,177 10,171 6,701
Data processing 2,334 2,595 7,219 7,456
Amortization of core deposit and other intangibles 1,108 1,344 3,546 4,178
Advertising 2,050 4,200 8,114 10,012
Mortgage restructuring expense 0 0 12,458 0
Other expense 14,868 15,894 43,689 47,378
Total noninterest expense 81,847 95,007 268,116 282,665
Income before income taxes 40,762 55,006 111,381 180,210
Income tax expense 8,931 9,716 24,961 38,744
Net income applicable to FB Financial Corporation and noncontrolling interest 31,831 45,290 86,420 141,466
Net income applicable to noncontrolling interest 0 0 8 8
Net income applicable to FB Financial Corporation $ 31,831 $ 45,290 $ 86,412 $ 141,458
Earnings per common share        
Basic (in dollars per share) $ 0.68 $ 0.96 $ 1.83 $ 2.99
Diluted (in dollars per share) $ 0.68 $ 0.94 $ 1.83 $ 2.95
Mortgage banking income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income $ 12,384 $ 45,384 $ 64,474 $ 136,215
Service charges on deposit accounts        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income 3,208 2,612 9,030 7,217
ATM and interchange fees        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income 2,614 4,868 13,054 14,590
Investment services and trust income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income $ 2,227 $ 2,511 $ 6,634 $ 7,518