secwatch.observer — SEC 8-K summary
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Issuer:     FB Financial Corp (FBK)
CIK:        0001649749
Form:       8-K
Filed at:   2024-10-15T23:59:59+00:00
Accession:  0001649749-24-000178
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 Q3 GAAP EPS $0.22 on $40.2M securities loss; adjusted EPS $0.86 beats prior year $0.71
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1649749/000164974924000178/0001649749-24-000178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1649749/000164974924000178/fbk-20241015.htm
  HTML page:      https://secwatch.observer/filing/0001649749-24-000178

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