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Mar 31
FB Financial Q1 2025 Earnings Report
FB Financial reported solid first quarter results with steady loan growth and improved net interest margin.
Key Takeaways
FB Financial delivered a strong Q1 2025 with improved profitability, stable deposit base, and growing loan portfolio despite a softer economic backdrop.
Net income rose to $39.4M, up from $27.95M in Q1 2024.
Loans held for investment increased to $9.77B, growing 7.14% annualized from Q4 2024.
Net interest margin expanded to 3.55%, reflecting improved deposit cost management.
Tangible book value per share increased to $29.12, demonstrating balance sheet strength.
FB Financial
FB Financial
FB Financial Revenue by Segment
Revenue by Segment
Mortgage Banking Revenue
CapyFin.com Forward Guidance
FB Financial is cautiously optimistic heading into the remainder of 2025, supported by strong capital, stable deposits, and expansion into new markets.
Positive Outlook
- Solid capital position with 15.2% total risk-based capital ratio.
- Improved NIM due to disciplined deposit cost management.
- Growing presence in new markets like Asheville and Tuscaloosa.
- Tangible book value growth supports shareholder value.
- Strong liquidity supports resilience against economic uncertainty.
Challenges Ahead
- Noninterest expenses increased due to seasonal and performance-based compensation.
- Slower-than-expected economic activity impacted loan demand.
- Provision for credit losses increased modestly.
- Nonperforming assets rose slightly from prior year.
- Merger integration costs could pressure near-term efficiency ratios.