Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Direct-to-Consumer Channel Volume

nterest rate lock commitment volume and sales volume by delivery channel included in the Mortgage segment is as follows for the periods indicated:


	Years Ended December 31,
		2022			2021			2020
Interest rate lock commitment volume by delivery channel:
Direct-to-consumer		$	663,848		$	3,745,430		$	5,539,862
Retail		2,036,658			3,414,638			3,399,174
Total		$	2,700,506		$	7,160,068		$	8,939,036
Interest rate lock commitment volume % by delivery channel:
Direct-to-consumer		24.6		%	52.3		%	62.0		%
Retail		75.4		%	47.7		%	38.0		%
Mortgage sales by delivery channel:
Direct-to-consumer		$	1,031,810		$	3,328,216		$	3,751,813
Retail		1,958,849			2,873,861			2,483,336
Total		$	2,990,659		$	6,202,077		$	6,235,149
Mortgage sales % by delivery channel:
Direct-to-consumer		34.5		%	53.7		%	60.2		%
Retail		65.5		%	46.3		%	39.8		%

Schedule of Segment Financial Information

The following tables provide segment financial information for the periods indicated:


Year Ended December 31, 2022	Banking(4)		Mortgage		Consolidated
Net interest income	$	412,237	$	(2)	$	412,235
Provisions for credit losses(1)	18,982		—		18,982
Mortgage banking income(2)	—		83,679		83,679
Change in fair value of mortgage servicing rights, net of hedging(2)	—		(10,099)		(10,099)
Other noninterest income	41,320		(233)		41,087
Depreciation and amortization	7,035		982		8,017
Amortization of intangibles	4,585		—		4,585

Other noninterest expense(3)	240,096		95,648		335,744
Income (loss) before income taxes	$	182,859	$	(23,285)	$	159,574
Income tax expense					35,003
Net income applicable to FB Financial Corporation and noncontrolling interest					124,571
Net income applicable to noncontrolling interest(4)					16
Net income applicable to FB Financial Corporation					$	124,555
Total assets	$	12,228,451	$	619,305	$	12,847,756
Goodwill	242,561		—		242,561

(1) Includes $8,589 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 $12,458 in Mortgage restructuring expenses in the Mortgage segment related to the exit from the direct-to-consumer delivery channel.

(4) Banking segment includes noncontrolling interest.


Year Ended December 31, 2021	Banking(3)		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)Includes $(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(1)(5)		Mortgage(1)		Consolidated
Net interest income	$	265,581	$	77	$	265,658
Provisions for credit losses(2)	107,967		—		107,967
Mortgage banking income(3)	—		289,702		289,702
Change in fair value of mortgage servicing rights, net of hedging(3)	—		(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(4)	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(5)					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)As previously reported on Form 10-K filed with the SEC on February 25, 2022, results have been revised from originally reported to reflect a $26,416 reclassification of mortgage retail footprint total net contribution from the Banking segment to the Mortgage segment.

(2)Includes $13,361 in provision for credit losses on unfunded commitments.

(3)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.

(4)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.

(5)Banking segment includes noncontrolling interest.

The