Q2 2026 FB Financial Corp Earnings Call Transcript
Key Points
- FB Financial Corp (FBK) reported strong earnings with a GPS of $1.13 and adjusted EPS of $1.14.
- The company achieved an annualized loan growth rate of 11.6% and deposit growth of 7.7%.
- FB Financial Corp (FBK) maintained a stable net interest margin of 3.95% for the quarter.
- The company executed meaningful share repurchases, reflecting confidence in long-term value.
- FB Financial Corp (FBK) demonstrated strong balance sheet growth and solid returns, with an adjusted return on average tangible common equity of 15%.
- Non-interest income declined modestly to $25.8 million during the quarter.
- The company faced increased competition and pricing pressures in both loan and deposit markets.
- Provision expense increased to $10.1 million, driven by loan growth and specific reserves on two credits.
- Non-performing loan and asset ratios increased, primarily due to three specific relationships.
- FB Financial Corp (FBK) anticipates continued competitive dynamics on pricing, impacting net interest margin.
Good morning, everyone, and welcome to the FB Financial Corporation second quarter 2026 earnings conference call.
(Operator Instructions)
Please note that today's conference call is being recorded.
At this time I would like to turn the call over to Rachel Doreski, Financial Management associate for FB Financial.
Please go ahead.
Thank you and good morning, everyone, we appreciate you joining us today for FB Financials second quarter 2026 earnings conference call.
Joining me on the call this morning is Chris Holmes, President and Chief Executive Officer, and Michael Matteen, Chief Financial and operating Officer.
Before we begin, I'd like to remind listeners that during today's calls, management may make forward-looking statements regarding the company's plans, expectations, and and outlook.
These statements are subject to risks and uncertainties, and actual results may differ materially from those discussed.
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