Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Schedule of Direct-to-Consumer Channel Volume

nterest rate lock commitment volume and sales volume included in the Mortgage segment are as follows for the periods indicated:


	Three Months Ended March 31,
		2023		2022
Interest rate lock commitment volume by delivery channel:
Direct-to-consumer		$	—	$	568,092
Retail		375,042		741,015
Total		$	375,042	$	1,309,107






Mortgage loan sales		$	332,307	$	1,284,482

Schedule of Segment Financial Information

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


Three Months Ended March 31, 2023	Banking(3)		Mortgage		Consolidated
Net interest income	$	103,660	$	—	$	103,660
Provisions for credit losses(1)	491		—		491
Mortgage banking income(2)	—		15,493		15,493
Change in fair value of mortgage servicing rights, net of hedging(2)	—		(3,407)		(3,407)
Other noninterest income	11,493		(230)		11,263
Depreciation and amortization	2,049		179		2,228
Amortization of intangibles	990		—		990

Other noninterest expense	65,311		11,911		77,222
Income (loss) before income taxes	$	46,312	$	(234)	$	46,078
Income tax expense					9,697
Net income applicable to FB Financial Corporation and noncontrolling interest					36,381
Net income applicable to noncontrolling interest(3)					—
Net income applicable to FB Financial Corporation					$	36,381
Total assets	$	12,530,039	$	571,108	$	13,101,147
Goodwill	242,561		—		242,561

(1) Includes $4,997 in provision for credit losses on loans and $(4,506) 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, 2022	Banking(3)		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)Includes $(6,129) in provision for credit losses on loans and $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.

The