FB Financial Q2 net income $35.3M ($0.75 EPS); adjusted EPS $0.77; deposits down to $10.87B

FB Financial Corp

2023-Q2 EPS reported $1.53

Net income $35.3M ($0.75 diluted EPS) vs $0.78 prior Q and $0.41 YoY; adjusted net income $36.0M ($0.77 adj EPS).
Total deposits $10.87B, down from $11.18B prior Q, driven by $462.6M reduction in public funds.
Loans held for investment $9.33B, down slightly from $9.37B prior Q, with CRE construction down $118.1M.
Net interest margin 3.40%, down from 3.51% prior Q and 3.52% YoY.
Book value per share grew to $29.64, adjusted tangible book value to $27.72 (9.84% annualized QoQ).

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FB Financial Corp reported second quarter ended June 30, 2023 results: net income $35.3 million, EPS $0.75 per diluted common share.

Period: second quarter ended June 30, 2023
Net income: $35.3 million
EPS: $0.75 per diluted common share
Result: reported results

Exact text from the filing

FB Financial Corporation Reports Second Quarter 2023 Results Reports Q2 Diluted EPS of $0.75, Adjusted Diluted EPS* of $0.77 NASHVILLE, TENNESSEE—July 17, 2023-- FB Financial Corporation (the “Company”) (NYSE: FBK), parent company of FirstBank, reported net income of $35.3 million, or $0.75 per diluted common share, for the second quarter of 2023

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Source: SEC EDGAR

accession 0001649749-23-000199

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