FB Financial (FB Financial) Effective Interest Rate on Debt % : 77.37% (As of Dec. 2023)

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What is FB Financial Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. FB Financial's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $295.0 Mil. FB Financial's average total debt for the quarter that ended in Dec. 2023 was $381.3 Mil. Therefore, FB Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 77.37%.

FB Financial Effective Interest Rate on Debt % Historical Data

The historical data trend for FB Financial's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FB Financial Effective Interest Rate on Debt % Chart

FB Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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19.61

15.18

14.30

19.18

56.30

FB Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															51.07	65.60	77.66	77.37	68.60

Competitive Comparison of FB Financial's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, FB Financial's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FB Financial's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, FB Financial's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where FB Financial's Effective Interest Rate on Debt % falls into.

FB Financial Effective Interest Rate on Debt % Calculation

FB Financial's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -271.193	/	( (494.989	+	468.353)	/ 2 )
=	-1 * -271.193	/	481.671
=	56.30 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	494.989	+	0
=	494.989

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	468.353	+	0
=	468.353

FB Financial's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Sep. 2023 )	+	Total Debt (Q: Dec. 2023 ))	/ count )
=	-1 * -294.988	/	( (294.231	+	468.353)	/ 2 )
=	-1 * -294.988	/	381.292
=	77.37 %

where

	Total Debt (Q: Sep. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	294.231	+	0
=	294.231

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	468.353	+	0
=	468.353

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

FB Financial (NYSE:FBK) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

FB Financial Effective Interest Rate on Debt % Related Terms

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FB Financial (FB Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FB Financial Corp (NYSE:FBK) » Definitions » Effective Interest Rate on Debt %

Comparable Companies

Traded in Other Exchanges

2J2:Germany

Address

211 Commerce Street, Suite 300, Nashville, TN, USA, 37201

Website

https://www.firstbankonline.com

FB Financial Corp is a bank holding company. The company through its wholly-owned bank subsidiary provides commercial and consumer banking services to clients in select markets in Tennessee, North Alabama, and North Georgia. The company segment includes Banking and Mortgage. It generates revenue from the Banking segment which provides a full range of deposit and lending products and services to corporate, commercial, and consumer customers. The Mortgage segment includes the servicing of residential mortgage loans and the packaging and securitization of loans to governmental agencies.

Executives

James W. Ayers	director, 10 percent owner, officer: Executive Chairman	C/O FB FINANCIAL CORPORATION, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Mark Hickman	officer: Chief Human Resources Officer	1221 BROADWAY, SUITE 1300, NASHVILLE TN 37203
Carpenter William F Iii	director	C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Ingram Orrin H Ii	director	C/O FB FNIANCIAL CORPORATION, 1221 BROADWAY, SUITE 1300, NASHVILLE TN 37203
Jonathan Wade Pennington	officer: Chief Accounting Officer	C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Raja J. Jubran	director	211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Cross James W Iv	director	FRANKLIN FINANCIAL CORP, 230 PUBLIC SQUARE, FRANKLIN TN 37064
James Gregory Bowers	officer: Chief Credit Officer	C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Wilburn J. Evans	officer: President FirstBank Ventures	C/O FB FINANCIAL CORPORATION, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Agenia Clark	director	C/O FB FINANCIAL CORPORATION, 1221 BROADWAY, SUITE 1300, NASHVILLE TN 37203
Charles Wright Pinson	director	C/O FB FINANCIAL CORPORATION, 1221 BROADWAY, SUITE 1300, NASHVILLE TN 37203
Aimee T Hamilton	officer: Chief Risk Officer	2800 POST OAK BOULEVARD, SUITE 100, HOUSTON TX 77056
Keith S Rainwater	officer: Principal Accounting Officer	C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Timothy L. Johnson	officer: Chief Risk Officer	C/O FB FINANCIAL CORPORATION, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Beth W Sims	officer: General Counsel and Corp. Sec.	211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201