Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2025

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 three months ended March 31, 2025 and 2024.

Three Months Ended March 31, 2025	Banking		Mortgage		Consolidated
Interest income	$	178,915	$	791	$	179,706
Interest expense	73,156		(1,091)		72,065
Net interest income	105,759		1,882		107,641
Provisions for credit losses	2,189		103		2,292
Net interest income after provision for credit losses	103,570		1,779		105,349
Mortgage banking income	—		15,495		15,495
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(3,069)		(3,069)
Other noninterest income (loss)	10,660		(54)		10,606
Total noninterest income	10,660		12,372		23,032
Salaries, commissions and employee benefits	41,469		6,882		48,351
Depreciation and amortization	2,743		24		2,767
Amortization of intangibles	656		—		656
Other noninterest expense(2)	22,041		5,734		27,775
Total noninterest expense	66,909		12,640		79,549
Income before income taxes	$	47,321	$	1,511	$	48,832
Income tax expense					9,471
Net income applicable to FB Financial Corporation and noncontrolling interest					39,361
Net income applicable to noncontrolling interest					—
Net income applicable to FB Financial Corporation					$	39,361
Total assets	$	12,490,097	$	646,352	$	13,136,449
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) 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.

Three Months Ended March 31, 2024	Banking		Mortgage		Consolidated
Interest income	$	176,420	$	(292)	$	176,128
Interest expense	77,958		(1,320)		76,638
Net interest income	98,462		1,028		99,490
Provisions for (reversals of) credit losses	838		(56)		782
Net interest income after provision for credit losses	97,624		1,084		98,708
Mortgage banking income	—		15,626		15,626
Change in fair value of mortgage servicing rights, net of hedging(1)	—		(3,041)		(3,041)
Other noninterest (loss) income	(4,794)		171		(4,623)
Total noninterest (loss) income	(4,794)		12,756		7,962
Salaries, commissions and employee benefits	37,790		6,828		44,618
Depreciation and amortization	2,708		133		2,841
Amortization of intangibles	789		—		789
Other noninterest expense(2)	18,908		5,264		24,172
Total noninterest expense	60,195		12,225		72,420
Income before income taxes	$	32,635	$	1,615	$	34,250
Income tax expense					6,300
Net income applicable to FB Financial Corporation and noncontrolling interest					27,950
Net income applicable to noncontrolling interest					—
Net income applicable to FB Financial Corporation					$	27,950
Total assets	$	11,979,904	$	568,416	$	12,548,320
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) 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.