FB Financial Q2 2023 Earnings Report
Key Takeaways
FB Financial Corporation reported a net income of $35.3 million, or $0.75 per diluted common share, for Q2 2023. Deposits totaled $10.87 billion, while loans held for investment were $9.33 billion. The company focused on boosting balance sheet strength and reducing exposure to public funds and commercial real estate.
Net income was $35.3 million, or $0.75 per diluted common share.
Adjusted net income was $36.0 million, or $0.77 per diluted common share.
Deposits totaled $10.87 billion.
Loans held for investment were $9.33 billion.
FB Financial
FB Financial
Forward Guidance
Expense management is a focus of the Company as we face continued revenue headwinds from the net interest margin and mortgage environments. Our core expense run rate was less in the second quarter than the first, and we anticipate additional reductions in the second half of 2023.