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