Loading...
•
Jun 30, 2023
FB Financial Q2 2023 Earnings Report
Reported net income of $35.3 million, or $0.75 per diluted common share.
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.
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...