secwatch.observer — SEC 8-K summary
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Issuer:     FB Financial Corp (FBK)
CIK:        0001649749
Form:       8-K
Filed at:   2023-07-17T23:59:59+00:00
Accession:  0001649749-23-000199
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649749/000164974923000199/0001649749-23-000199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649749/000164974923000199/fbk-20230717.htm
  HTML page:      https://secwatch.observer/filing/0001649749-23-000199

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer