secwatch.observer — SEC 8-K summary
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Issuer:     FB Financial Corp (FBK)
CIK:        0001649749
Form:       8-K
Filed at:   2023-10-16T23:59:59+00:00
Accession:  0001649749-23-000238
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 Q3 diluted EPS $0.41 (adj. $0.71); deposits $10.64B, NIM 3.42%
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- Net income $19.2M ($0.41 diluted EPS); adjusted net income $33.2M ($0.71 adjusted EPS).
- Sold $76.6M securities yielding 1.36%, reinvested at 6.43%; recorded $14.2M pre-tax loss.
- Deposits $10.64B vs. $10.87B in Q2; cost of deposits rose to 2.58% from 2.38%.
- NIM expanded to 3.42% from 3.40%; net interest income essentially flat at $101M.
- NPL ratio 0.59% (up from 0.47%); net charge-offs 0.02%; ACL 1.57% of loans.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649749/000164974923000238/0001649749-23-000238-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649749/000164974923000238/fbk-20231016.htm
  HTML page:      https://secwatch.observer/filing/0001649749-23-000238

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