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Jun 30, 2022
FB Financial Q2 2022 Earnings Report
Reported a decrease in net income and an increase in net interest income.
Key Takeaways
FB Financial Corporation reported a net income of $19.3 million, or $0.41 per diluted common share. The results were impacted by mortgage restructuring charges and a loss from changes in fair value on commercial loans held for sale.
Net income was $19.3 million, or $0.41 per diluted common share.
Adjusted net income was $30.1 million, or $0.64 per diluted common share.
Loans held for investment grew by $619.4 million.
Noninterest-bearing deposits grew by $107.8 million.
FB Financial
FB Financial
Forward Guidance
The second quarter results point to the strength in our core banking business with robust loan growth, good noninterest-bearing deposit growth and an expanding net interest margin.
Positive Outlook
- Well positioned for rising interest rates
- Capital position remains solid
- Outlook remains positive
- Robust loan growth
- Expanding net interest margin