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Jun 30, 2024
FB Financial Q2 2024 Earnings Report
Reported a net income of $40.0 million, with diluted EPS of $0.85.
Key Takeaways
FB Financial Corporation reported a net income of $40.0 million, or $0.85 per diluted common share, for the second quarter of 2024. The company's net interest margin increased to 3.57%, and the adjusted pre-tax, pre-provision return on average assets improved to 1.70%.
Net income was $40.0 million, or $0.85 per diluted common share.
Adjusted net income was $39.4 million, or $0.84 per diluted common share.
Net interest margin increased to 3.57%.
Loans held for investment ended at $9.31 billion.
FB Financial
FB Financial
FB Financial Revenue by Segment
Revenue by Segment
Mortgage Banking Revenue
CapyFin.com Forward Guidance
The Company is positioned to continue creating shareholder value through improved results in key metrics, capital building, and reserve management.
Positive Outlook
- Improved results in key metrics including net income.
- Improved net interest margin.
- Improved return on assets.
- Built capital.
- Managed reserves.