secwatch.observer — SEC 8-K summary
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Issuer:     FB Financial Corp (FBK)
CIK:        0001649749
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001649749-24-000104
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649749/000164974924000104/0001649749-24-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649749/000164974924000104/fbk-20240415.htm
  HTML page:      https://secwatch.observer/filing/0001649749-24-000104

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