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FB Financial (FB Financial) Return-on-Tangible-Equity : 11.83% (As of Dec. 2023)


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What is FB Financial Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. FB Financial's annualized net income for the quarter that ended in Dec. 2023 was $117.5 Mil. FB Financial's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $993.4 Mil. Therefore, FB Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 11.83%.

The historical rank and industry rank for FB Financial's Return-on-Tangible-Equity or its related term are showing as below:

FBK' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 8.82   Med: 18.51   Max: 30.66
Current: 11.25

During the past 11 years, FB Financial's highest Return-on-Tangible-Equity was 30.66%. The lowest was 8.82%. And the median was 18.51%.

FBK's Return-on-Tangible-Equity is ranked better than
52.41% of 1450 companies
in the Banks industry
Industry Median: 10.905 vs FBK: 11.25

FB Financial Return-on-Tangible-Equity Historical Data

The historical data trend for FB Financial's Return-on-Tangible-Equity 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.

* Premium members only.

FB Financial Return-on-Tangible-Equity Chart

FB Financial Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.00 8.82 19.01 12.72 12.39

FB Financial Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.71 14.72 8.01 11.83 10.64

Competitive Comparison of FB Financial's Return-on-Tangible-Equity

For the Banks - Regional subindustry, FB Financial's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Distribution in the Banks Industry

For the Banks industry and Financial Services sector, FB Financial's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where FB Financial's Return-on-Tangible-Equity falls into.



FB Financial Return-on-Tangible-Equity Calculation

FB Financial's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2023 )  (A: Dec. 2022 )(A: Dec. 2023 )
=120.224/( (902.023+1038.75 )/ 2 )
=120.224/970.3865
=12.39 %

FB Financial's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Dec. 2023 )  (Q: Sep. 2023 )(Q: Dec. 2023 )
=117.476/( (948.081+1038.75)/ 2 )
=117.476/993.4155
=11.83 %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


FB Financial  (NYSE:FBK) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


FB Financial Return-on-Tangible-Equity Related Terms

Thank you for viewing the detailed overview of FB Financial's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


FB Financial (FB Financial) Business Description

Traded in Other Exchanges
Address
211 Commerce Street, Suite 300, Nashville, TN, USA, 37201
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