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Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Interest income:        
Interest and fees on loans $ 158,625 $ 153,882 $ 469,610 $ 443,458
Interest on investment securities        
Taxable 13,943 6,399 35,014 19,449
Tax-exempt 1,104 1,795 3,714 5,407
Other 11,956 11,836 30,831 35,261
Total interest income 185,628 173,912 539,169 503,575
Interest expense:        
Deposits 76,088 69,826 220,214 187,946
Borrowings 3,523 3,160 10,833 9,500
Total interest expense 79,611 72,986 231,047 197,446
Net interest income 106,017 100,926 308,122 306,129
Provision for credit losses on loans HFI 1,856 6,031 7,648 13,603
Provision for (reversal of) credit losses on unfunded commitments 58 (3,210) (2,728) (11,369)
Net interest income after provision for credit losses 104,103 98,105 303,202 303,895
Noninterest income:        
Loss from investment securities, net (40,165) (14,197) (56,378) (14,156)
(Loss) gain on sales or write-downs of other real estate owned and other assets (289) 115 (5) 465
Other income 2,465 1,456 8,786 7,491
Total noninterest (loss) income (16,497) 8,042 17,073 55,204
Noninterest expenses:        
Salaries, commissions and employee benefits 47,538 54,491 138,381 155,299
Occupancy and equipment expense 6,640 6,428 19,582 18,618
Data processing 2,486 2,338 7,180 6,796
Advertising 1,947 2,124 4,977 6,258
Legal and professional fees 1,900 1,760 5,798 7,067
Amortization of core deposit and other intangibles 719 889 2,260 2,819
Other expense 14,982 14,967 45,547 47,872
Total noninterest expense 76,212 82,997 223,725 244,729
Income before income taxes 11,394 23,150 96,550 114,370
Income tax expense 1,174 3,975 18,393 23,507
Net income applicable to FB Financial Corporation and noncontrolling interest 10,220 19,175 78,157 90,863
Net income applicable to noncontrolling interest 0 0 8 8
Net income applicable to FB Financial Corporation $ 10,220 $ 19,175 $ 78,149 $ 90,855
Earnings per common share:        
Basic (in dollars per share) $ 0.22 $ 0.41 $ 1.67 $ 1.94
Diluted (in dollars per share) $ 0.22 $ 0.41 $ 1.67 $ 1.94
Mortgage banking income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees $ 11,553 $ 11,998 $ 36,048 $ 36,316
Investment services and trust income        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees 3,721 3,072 10,338 8,227
Service charges on deposit accounts        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees 3,378 2,959 9,686 9,197
ATM and interchange fees        
Noninterest income:        
Mortgage banking income, service charges on deposit accounts, investment services and trust income, ATM and interchange fees $ 2,840 $ 2,639 $ 8,598 $ 7,664