Q2 2025 FB Financial Corp Earnings Call Transcript

Jul 15, 2025 / 01:00PM GMT

Release Date Price: $46.96 (-4.57%)

Transcript 8-K

Key Points

Positve

FB Financial Corp (FBK) reported an adjusted EPS of $0.88, indicating strong core earnings despite one-time losses.
The merger with Southern States was executed swiftly, with regulatory approval and legal closure achieved within 90 days.
FB Financial Corp (FBK) demonstrated a compound annual growth rate of 12.2% in tangible book value per share since its IPO.
The company achieved a pre-tax pre-provision net revenue of $58.6 million, reflecting a PPNR ROA of 1.81%.
Loan and deposit growth were recorded at annualized rates of 4.2% and 7.2%, respectively, showcasing solid balance sheet expansion.

Negative

FB Financial Corp (FBK) reported a significant pre-tax loss of $60 million from a securities transaction, impacting GAAP results.
Net income on a reported basis was only $2.9 million, highlighting the impact of one-time losses.
Non-performing loan balances increased due to three large credits migrating into that classification.
The company faced unexpected macroeconomic headwinds, causing some pipeline deals to be delayed.
Provision expense for the quarter was $5.3 million, driven by loan growth and updated forecast assumptions.

Operator

Good morning and welcome to FB Financial Corporation's second-quarter 2025 earnings conference call. Hosting the call today from FB Financial are Chris Holmes, President and Chief Executive Officer; and Michael Mettee Chief Financial Officer. Also joining the call for the question-and-answer session is Travis Edmondson, Chief Banking Officer.

Please note, FB Financial's earnings release, supplemental financial information, and this morning's presentation are available on the Investor Relations page of the company's website at www.firstbankonline.com, and on the Securities and Exchange Commission's website at www.sec.gov.

Today's call is being recorded and will be available for replay on FB Financial's website approximately an hour after the conclusion of the call. (Operator Instructions)

During this presentation, FB Financial may make comments which constitute forward-looking statements under the Federal securities law. Forward-looking statements

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