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Jun 30
FB Financial Q2 2025 Earnings Report
FB Financial reported Q2 2025 results with strong adjusted earnings despite a large securities loss, supported by growth in loans and deposits.
Key Takeaways
The company delivered solid core operating results in Q2 2025, with adjusted EPS of $0.88 and adjusted net income of $40.8M, despite a $60.5M GAAP loss from securities sales. Loan and deposit growth, along with improved net interest margin, strengthened its position ahead of H2.
Adjusted net income reached $40.8M, up from $39.4M YoY.
GAAP net income declined sharply to $2.9M due to a $60.5M securities loss.
Net interest margin rose to 3.68%, up from 3.57% YoY.
Loans HFI and total deposits both increased sequentially and YoY.
FB Financial
FB Financial
FB Financial Revenue by Segment
Revenue by Segment
Mortgage Banking Revenue
CapyFin.com Forward Guidance
FB Financial expects stronger performance in H2 2025, leveraging its merger with Southern States, balance sheet repositioning, and liquidity improvements.
Positive Outlook
- Southern States merger adds $2.87B in assets and expands reach.
- Balance sheet repositioning expected to improve liquidity and margins.
- Deposit costs decreased to 2.48%, aiding profitability.
- Loan growth expected to continue with strategic redeployment.
- Core efficiency improvements suggest disciplined execution.
Challenges Ahead
- Large GAAP loss from securities sale impacted earnings.
- Net income fell sharply despite strong adjusted performance.
- Noninterest income suffered from one-time losses.
- Slight uptick in nonperforming assets and loans.
- Integration risk from Southern States merger remains.