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Dec 31, 2022

FB Financial Q4 2022 Earnings Report

Reported Q4 diluted EPS of $0.81, adjusted diluted EPS of $0.85, and annualized Q4 deposit growth of 33.7%.

Key Takeaways

FB Financial Corporation reported a net income of $38.1 million, or $0.81 per diluted common share, for the fourth quarter of 2022. The company's deposit growth was a highlight of the quarter at 33.7% annualized.

Net income was $38.1 million, or $0.81 per diluted common share.

Adjusted net income was $40.0 million, or $0.85 per diluted common share.

Deposits grew to $10.9 billion, an annualized growth of 33.7%.

Loans held for investment grew to $9.30 billion, an annualized growth of 8.42%.

Total Revenue
$132M
Previous year: $134M
-1.5%
EPS
$0.85
Previous year: $0.89
-4.5%
Net Interest Margin
3.78%
Previous year: 3.19%
+18.5%
Efficiency Ratio
62.7%
Previous year: 63.6%
-1.4%
Core Efficiency Ratio
61%
Previous year: 67%
-9.0%
Cash and Equivalents
$1.03B
Previous year: $1.8B
-42.9%
Free Cash Flow
$41.1M
Previous year: $95M
-56.7%
Total Assets
$12.8B
Previous year: $12.6B
+2.0%

FB Financial

FB Financial

Forward Guidance

The company is positioned for a tightening money supply, slower economic growth and intensifying competition in 2023.