FB Financial Q1 GAAP EPS $0.59, adjusted $0.85; loan balances down, NIM 3.42%

FB Financial Corp

2024-Q1 EPS reported $0.59

GAAP diluted EPS $0.59 vs $0.78 YoY; adjusted diluted EPS $0.85 vs $0.76 YoY.
Net interest margin 3.42% (down from 3.46% QoQ); loans HFI $9.29B down $119.9M.
Executed $207.9M securities sale (2.14% yield), reinvested at 5.94%, incurring $16.2M loss.
Allowance for credit losses 1.63% of loans; net charge-offs 0.02% annualized; NPLs 0.73%.
Tangible book value per share $26.21, up 8.14% 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 0.95

FB Financial Corp reported the first quarter ended March 31, 2024 results: net income $28.0 million, EPS $0.59 per diluted common share.

Period: the first quarter ended March 31, 2024
Net income: $28.0 million
EPS: $0.59 per diluted common share
Result: reported results

Exact text from the filing

FB Financial Corporation Reports First Quarter 2024 Financial Results Reports Q1 Diluted EPS of $0.59, Adjusted Diluted EPS* of $0.85

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Source: SEC EDGAR

accession 0001649749-24-000104

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