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Segment Reporting (Tables)
9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
Schedule of Direct-to-Consumer Channel Volume
Interest rate lock commitment volume and sales volume included in the Mortgage segment are as follows for the periods indicated:
Three Months Ended September 30,Nine Months Ended September 30,
2023202220232022
Interest rate lock commitment volume by delivery    channel:
Direct-to-consumer $— $— $— $663,848 
Retail373,068 408,879 1,151,061 1,755,008 
       Total$373,068 $408,879 $1,151,061 $2,418,856 
Mortgage loan sales$325,321 $569,655 $987,954 $2,723,825 
Schedule of Segment Financial Information
The following tables provide segment financial information for the periods indicated:
Three Months Ended September 30, 2023
Banking(2)
MortgageConsolidated
Net interest income$100,926 $— $100,926 
Provisions for credit losses 2,821 — 2,821 
Mortgage banking income— 15,722 15,722 
Change in fair value of mortgage servicing rights, net of hedging(1)
— (3,724)(3,724)
Other noninterest income(4,031)75 (3,956)
Depreciation and amortization2,514 167 2,681 
Amortization of intangibles889 — 889 
Other noninterest expense67,571 11,856 79,427 
Income before income taxes$23,100 $50 $23,150 
Income tax expense3,975 
Net income applicable to FB Financial Corporation and noncontrolling
interest
19,175 
Net income applicable to noncontrolling interest(2)
— 
Net income applicable to FB Financial Corporation$19,175 
Total assets$11,900,598 $589,033 $12,489,631 
Goodwill242,561 — 242,561 
(1) 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.
(2) Banking segment includes noncontrolling interest.

Three Months Ended September 30, 2022
Banking(2)
MortgageConsolidated
Net interest income$111,384 $— $111,384 
Provisions for credit losses 11,367 — 11,367 
Mortgage banking income— 16,729 16,729 
Change in fair value of mortgage servicing rights, net of hedging(1)
— (4,345)(4,345)
Other noninterest income10,293 (85)10,208 
Depreciation and amortization1,867 190 2,057 
Amortization of intangibles1,108 — 1,108 
Other noninterest expense62,911 15,771 78,682 
Income (loss) before income taxes$44,424 $(3,662)$40,762 
Income tax expense8,931 
Net income applicable to FB Financial Corporation and noncontrolling
interest
31,831 
Net income applicable to noncontrolling interest(2)
— 
Net income applicable to FB Financial Corporation$31,831 
Total assets$11,648,610 $609,472 $12,258,082 
Goodwill242,561 — 242,561 
(1) 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.
(2) Banking segment includes noncontrolling interest.
Nine Months Ended September 30, 2023
Banking(2)
MortgageConsolidated
Net interest income$306,129 $— $306,129 
Provisions for credit losses 2,234 — 2,234 
Mortgage banking income— 47,669 47,669 
Change in fair value of mortgage servicing rights, net of hedging(1)
— (11,353)(11,353)
Other noninterest income18,942 (54)18,888 
Depreciation and amortization6,783 578 7,361 
Amortization of intangibles2,819 — 2,819 
Other noninterest expense197,375 37,174 234,549 
Income (loss) before income taxes$115,860 $(1,490)$114,370 
Income tax expense23,507 
Net income applicable to FB Financial Corporation and noncontrolling
interest
90,863 
Net income applicable to noncontrolling interest(2)
Net income applicable to FB Financial Corporation$90,855 
Total assets$11,900,598 $589,033 $12,489,631 
Goodwill242,561 — 242,561 
(1) 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.
(2) Banking segment includes noncontrolling interest.

Nine Months Ended September 30, 2022
Banking(3)
MortgageConsolidated
Net interest income$301,739 $(2)$301,737 
Provisions for credit losses 19,438 — 19,438 
Mortgage banking income— 69,718 69,718 
Change in fair value of mortgage servicing rights, net of hedging(1)
— (5,244)(5,244)
Other noninterest income32,975 (251)32,724 
Depreciation and amortization5,308 797 6,105 
Amortization of intangibles3,546 — 3,546 
Other noninterest expense(2)
175,936 82,529 258,465 
Income (loss) before income taxes$130,486 $(19,105)$111,381 
Income tax expense24,961 
Net income applicable to FB Financial Corporation and noncontrolling
interest
86,420 
Net income applicable to noncontrolling interest(3)
Net income applicable to FB Financial Corporation$86,412 
Total assets$11,648,610 $609,472 $12,258,082 
Goodwill242,561 — 242,561 
(1)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.
(2)Includes $12,458 in Mortgage restructuring expenses in the Mortgage segment related to the exit from the direct-to-consumer internet delivery channel.
(3)Banking segment includes noncontrolling interest.