earnings
confidence high
sentiment neutral
materiality 0.70
FB Financial Q3 GAAP EPS $0.22 on $40.2M securities loss; adjusted EPS $0.86 beats prior year $0.71
FB Financial Corp
2024-Q3 EPS reported
$1.67
- Net income $10.2M ($0.22 diluted EPS) vs $0.85 prior Q; adjusted net income $40.1M ($0.86 diluted EPS).
- Loans HFI $9.48B (+7.2% annualized); total deposits $10.98B (+19.3% annualized).
- NIM 3.55% vs 3.57% prior Q; sold $318.6M low-yield securities, realized $40.2M loss, reinvested at 5.25% yield.
- Nonperforming assets/total assets rose to 0.99% from 0.81%; net charge-offs remained low at 0.03% annualized.
- Total risk-based capital ratio 15.1%; TCE/TA 10.4%; expanded into Tuscaloosa, AL market.