secwatch.observer — SEC 8-K summary
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Issuer:     FB Financial Corp (FBK)
CIK:        0001649749
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0001649749-24-000155
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FB Financial Q2 net income $40.0M, EPS $0.85; NIM expands to 3.57%
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- Net income $40.0M ($0.85 diluted EPS) vs $27.95M ($0.59) prior Q and $35.3M ($0.75) YoY; adjusted EPS $0.84.
- Net interest margin 3.57% vs 3.42% Q1; net interest income $102.6M vs $99.5M prior.
- Loans HFI $9.31B (flat); deposits $10.47B; noninterest-bearing deposits flat at $2.19B.
- Allowance for credit losses 1.67% of loans; net charge-offs 0.02% annualized.
- Tangible book value $26.82/share (+9.36% annualized); capital ratios strong; repurchased 353K shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649749/000164974924000155/0001649749-24-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649749/000164974924000155/fbk-20240715.htm
  HTML page:      https://secwatch.observer/filing/0001649749-24-000155

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