earnings
confidence high
sentiment positive
materiality 0.75
FB Financial Q2 EPS $1.13, adjusted $1.14; loan growth 11.6% annualized
FB Financial Corp
- Net income $58.6M ($1.13 diluted EPS) vs $57.5M ($1.10) prior Q and $2.9M ($0.06) year-ago.
- Adjusted pre-tax pre-provision net revenue $83.6M, up 6.9% from prior Q and 42.6% YoY.
- Loans HFI $12.87B, up 11.6% annualized; deposits $14.35B, up 7.7% annualized.
- NIM stable at 3.95%; repurchased 1.55M shares (3.01% of outstanding) in Q2.
- Nonperforming loans HFI rose to 1.17% from 0.96% prior Q; net charge-offs low at 0.06%.