FB Financial Q4 2023 EPS $0.63; adjusted EPS $0.77; NIM expands to 3.46%

FB Financial Corp

2023-FY EPS reported $2.57

Net income $29.4M ($0.63 diluted EPS) vs $0.41 prior Q and $0.81 year-ago; adjusted EPS $0.77 vs $0.71 prior Q and $0.85 year-ago.
Loans HFI grew 5.19% annualized to $9.41B; deposits declined $91M linked Q to $10.55B.
Net interest margin improved to 3.46% from 3.42% prior Q; net recoveries of 0.04% annualized.
Core efficiency ratio improved to 61.7% from 63.1% prior Q; core noninterest expense $74.4M.
Tangible book value per share $25.69, up 29.2% annualized from $23.93 prior Q.

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 financial results for the fourth quarter and year ended December 31, 2023.

Period: the fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On January 16, 2024, FB Financial Corporation (“ FB Financial ”) issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023 (the “ Earnings Release ”).

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FB Financial Corp filing history →

Source: SEC EDGAR

accession 0001649749-24-000006

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