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Sep 30, 2023

FB Financial Q3 2023 Earnings Report

Reported a decrease in net income and an increase in net interest margin.

Key Takeaways

FB Financial Corporation reported a net income of $19.2 million, or $0.41 per diluted common share, for Q3 2023. The company's deposits were $10.64 billion, and loans held for investment were $9.29 billion. Net interest margin increased to 3.42%.

Net income was $19.2 million, or $0.41 per diluted common share.

Adjusted net income was $33.2 million, or $0.71 per diluted common share.

Deposits totaled $10.64 billion.

Net interest margin increased to 3.42%.

Total Revenue
$109M
Previous year: $135M
-19.2%
EPS
$0.71
Previous year: $0.68
+4.4%
Net Interest Margin
3.42%
Previous year: 3.93%
-13.0%
Efficiency Ratio
76.2%
Previous year: 61.1%
+24.7%
Cash and Equivalents
$848M
Previous year: $618M
+37.2%
Free Cash Flow
$26.1M
Previous year: $212M
-87.7%
Total Assets
$12.5B
Previous year: $12.3B
+1.9%

FB Financial

FB Financial

Forward Guidance

The Company is prepared for the opportunities we expect to come our way in the coming quarters.