Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Financial Information

The following tables present selected financial information with respect to the Company’s reportable segments for the years ended December 31, 2024, 2023, and 2022.

Year Ended December 31, 2024	Banking(2)		Mortgage		Consolidated
Interest income	$	726,033	$	(495)	$	725,538
Interest expense	315,250		(6,215)		309,035
Net interest income	410,783		5,720		416,503
Provisions for (reversals of) credit losses	12,264		(260)		12,004
Net interest income after provision for credit losses	398,519		5,980		404,499
Mortgage banking income	—		62,912		62,912
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(16,278)		(16,278)
Other noninterest (loss) income	(8,376)		812		(7,564)
Total noninterest (loss) income	(8,376)		47,446		39,070
Salaries, commissions and employee benefits	154,411		29,402		183,813
Depreciation and amortization	11,541		425		11,966
Amortization of intangibles	2,947		—		2,947
Other noninterest expense(3)	78,172		20,001		98,173
Total noninterest expense	247,071		49,828		296,899
Income before income taxes	$	143,072	$	3,598	$	146,670
Income tax expense					30,619
Net income applicable to FB Financial Corporation and noncontrolling interest					116,051
Net income applicable to noncontrolling interest(2)					16
Net income applicable to FB Financial Corporation					$	116,035
Total assets	$	12,554,435	$	603,047	$	13,157,482
Goodwill	242,561		—		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.

(3) Other noninterest expense for Banking includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Other noninterest expense for Mortgage includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees, servicing expenses and other expenses.

Year Ended December 31, 2023	Banking(2)		Mortgage		Consolidated
Interest income	$	678,591	$	(181)	$	678,410
Interest expense	277,342		(6,149)		271,193
Net interest income	401,249		5,968		407,217
Provisions for (reversals of) credit losses	2,599		(60)		2,539
Net interest income after provision for credit losses	398,650		6,028		404,678
Mortgage banking income	—		60,918		60,918
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(16,226)		(16,226)
Other noninterest income	25,831		20		25,851
Total noninterest income	25,831		44,712		70,543
Salaries, commissions and employee benefits	170,625		32,816		203,441
Depreciation and amortization	10,444		736		11,180
Amortization of intangibles	3,659		—		3,659
Other noninterest expense(3)	85,407		21,242		106,649
Total noninterest expense	270,135		54,794		324,929
Income (loss) before income taxes	$	154,346	$	(4,054)	$	150,292
Income tax expense					30,052
Net income applicable to FB Financial Corporation and noncontrolling interest					120,240
Net income applicable to noncontrolling interest(2)					16
Net income applicable to FB Financial Corporation					$	120,224
Total assets	$	12,050,245	$	554,158	$	12,604,403
Goodwill	242,561		—		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.

(3) Other noninterest expense for Banking includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Other noninterest expense for Mortgage includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees, servicing expenses and other expenses.

Year Ended December 31, 2022	Banking(2)		Mortgage		Consolidated
Interest income	$	470,430	$	10,992	$	481,422
Interest expense	71,405		(2,218)		69,187
Net interest income	399,025		13,210		412,235
Provisions for credit losses	18,982		—		18,982
Net interest income after provision for credit losses	380,043		13,210		393,253
Mortgage banking income	—		83,679		83,679
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(10,099)		(10,099)
Other noninterest income (loss)	41,312		(225)		41,087
Total noninterest income	41,312		73,355		114,667
Salaries, commissions and employee benefits	150,408		61,083		211,491
Depreciation and amortization	7,035		982		8,017
Amortization of intangibles	4,585		—		4,585
Other noninterest expense(3)	63,248		61,005		124,253
Total noninterest expense	225,276		123,070		348,346
Income (loss) before income taxes	$	196,079	$	(36,505)	$	159,574
Income tax expense					35,003
Net income applicable to FB Financial Corporation and noncontrolling interest					124,571
Net income applicable to noncontrolling interest(2)					16
Net income applicable to FB Financial Corporation					$	124,555
Total assets	$	12,232,849	$	614,907	$	12,847,756
Goodwill	242,561		—		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.

(3) Other noninterest expense for Banking includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Other noninterest expense for Mortgage includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees, servicing expenses, restructuring expenses and other expenses.