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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Interest income:    
Interest and fees on loans $ 155,606 $ 140,356
Interest on investment securities    
Taxable 9,105 6,570
Tax-exempt 1,442 1,804
Other 9,975 10,750
Total interest income 176,128 159,480
Interest expense:    
Deposits 72,625 52,863
Borrowings 4,013 2,957
Total interest expense 76,638 55,820
Net interest income 99,490 103,660
Provision for credit losses on loans HFI 1,852 4,997
Reversal of credit losses on unfunded commitments (1,070) (4,506)
Net interest income after provision for credit losses 98,708 103,169
Noninterest income:    
(Loss) gain from investment securities, net (16,213) 69
Gain (loss) on sales or write-downs of other real estate owned and other assets 565 (183)
Other income 1,710 3,550
Total noninterest income 7,962 23,349
Noninterest expenses:    
Salaries, commissions and employee benefits 44,618 48,788
Occupancy and equipment expense 6,614 5,909
Data processing 2,408 2,113
Legal and professional fees 1,919 3,108
Advertising 1,171 2,133
Amortization of core deposit and other intangibles 789 990
Other expense 14,901 17,399
Total noninterest expense 72,420 80,440
Income before income taxes 34,250 46,078
Income tax expense 6,300 9,697
Net income applicable to FB Financial Corporation and noncontrolling interest 27,950 36,381
Net income applicable to noncontrolling interest 0 0
Net income applicable to FB Financial Corporation $ 27,950 $ 36,381
Earnings per common share:    
Basic (in dollars per share) $ 0.60 $ 0.78
Diluted (in dollars per share) $ 0.59 $ 0.78
Mortgage banking income    
Noninterest income:    
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees $ 12,585 $ 12,086
Service charges on deposit accounts    
Noninterest income:    
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees 3,141 3,053
Investment services and trust income    
Noninterest income:    
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees 3,230 2,378
ATM and interchange fees    
Noninterest income:    
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees $ 2,944 $ 2,396