Q4 2025 FB Financial Corp Earnings Call Transcript
Key Points
- FB Financial Corp (FBK) reported a strong EPS of $1.07 and adjusted EPS of $1.16 for the fourth quarter of 2025.
- The company achieved a compounded annual growth rate of 11.6% in tangible book value since its IPO.
- Net interest income was robust at $150.6 million, with a net interest margin of 3.98%.
- FB Financial Corp (FBK) successfully completed the acquisition of Southern State Bank, contributing to a 29% growth in loans and a 25% increase in deposits year over year.
- The company demonstrated strong financial returns with an adjusted return on average assets of 1.51% and a return on average tangible common equity of 15.9%.
- Organic growth in loans and deposits was below expectations due to economic conditions and distractions from the acquisition.
- Non-performing assets increased slightly, with higher past dues in some consumer portfolios.
- The company faced elevated loan payoffs in the fourth quarter, impacting loan growth.
- Non-interest expenses were higher than expected due to merger and integration costs, performance-based incentives, and other non-recurring items.
- The competitive environment for deposits remains challenging, with higher costs potentially impacting margins.
Good morning everyone and welcome to the FB Financial Fourth quarter 2025 earnings call. Please note today's event is being recorded. This time I'd like to turn the conference call over to Mike Orcutt with FB Financial. Please go ahead.
Good morning and welcome to FB Financial Corporation's fourth quarter 2025 earnings conference call. Hosting the call today from FB Financial are Chris Holmes, President and Chief Executive Officer, and Michael Mettee, Chief Operating Financial Officer.
Please note FB Financial's earnings release and 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 schemes website at wwwsec.gov.
Today's call is being recorded and will be available for replay on FB Financial's website approximately an hour after the
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