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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Interest income:        
Interest and fees on loans $ 153,882 $ 116,664 $ 443,458 $ 303,183
Interest on investment securities        
Taxable 6,399 6,843 19,449 18,762
Tax-exempt 1,795 1,818 5,407 5,526
Other 11,836 3,158 35,261 6,353
Total interest income 173,912 128,483 503,575 333,824
Interest expense:        
Deposits 69,826 13,133 187,946 25,186
Borrowings 3,160 3,966 9,500 6,901
Total interest expense 72,986 17,099 197,446 32,087
Net interest income 100,926 111,384 306,129 301,737
Provision for credit losses on loans HFI 6,031 8,189 13,603 10,241
(Reversal of) provision for credit losses on unfunded commitments (3,210) 3,178 (11,369) 9,197
Net interest income after provision for (reversal of) credit losses 98,105 100,017 303,895 282,299
Noninterest income:        
Loss from investment securities, net (14,197) (140) (14,156) (401)
Gain (loss) on sales or write-downs of other real estate owned and other assets 115 429 465 (13)
Other income 1,456 1,870 7,491 4,420
Total noninterest income 8,042 22,592 55,204 97,198
Noninterest expenses:        
Salaries, commissions and employee benefits 54,491 51,028 155,299 165,652
Occupancy and equipment expense 6,428 6,011 18,618 17,267
Legal and professional fees 1,760 4,448 7,067 10,171
Data processing 2,338 2,334 6,796 7,219
Advertising 2,124 2,050 6,258 8,114
Amortization of core deposit and other intangibles 889 1,108 2,819 3,546
Mortgage restructuring expense 0 0 0 12,458
Other expense 14,967 14,868 47,872 43,689
Total noninterest expense 82,997 81,847 244,729 268,116
Income before income taxes 23,150 40,762 114,370 111,381
Income tax expense 3,975 8,931 23,507 24,961
Net income applicable to FB Financial Corporation and noncontrolling interest 19,175 31,831 90,863 86,420
Net income applicable to noncontrolling interest 0 0 8 8
Net income applicable to FB Financial Corporation $ 19,175 $ 31,831 $ 90,855 $ 86,412
Earnings per common share:        
Basic (in dollars per share) $ 0.41 $ 0.68 $ 1.94 $ 1.83
Diluted (in dollars per share) $ 0.41 $ 0.68 $ 1.94 $ 1.83
Mortgage banking income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees $ 11,998 $ 12,384 $ 36,316 $ 64,474
Service charges on deposit accounts        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees 2,959 3,208 9,197 9,030
Investment services and trust income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees 3,072 2,227 8,227 6,634
ATM and interchange fees        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees $ 2,639 $ 2,614 $ 7,664 $ 13,054