**FB Financial Corp Reports 2025 Financial Results**

FB Financial Corporation (FB Financial), the parent company of FirstBank, reported its financial results for the year ended December 31, 2025, showcasing a net income of $122.6 million, an increase from $116.0 million in 2024. This translated to diluted earnings per common share of $2.45, slightly lower than the $2.48 reported in the previous year. The company's return on average assets stood at 0.84%, while the return on average equity was 6.90%.

A significant driver of FB Financial's performance was its net interest income, which rose to $516.1 million, compared to $416.5 million in 2024. The net interest margin also saw an increase, reaching 3.81% on a tax-equivalent basis, up from 3.51% in the prior year. This growth was primarily attributed to a $109.1 million increase in interest income, partially offset by an $8.8 million increase in interest expense. The company's provision for credit losses also increased to $43.3 million, compared to $12.0 million in 2024, primarily due to the initial provision for credit losses on acquired loans and unfunded commitments from the Southern States merger of $28.4 million, along with changes in loan balances and forecast assumptions.

Strategic developments for FB Financial in 2025 included the merger with Southern States Bancshares, Inc., which broadened the company's presence across Alabama and Georgia. This merger resulted in the acquisition of $2.83 billion in assets, $2.27 billion in loans, and $2.47 billion in deposits. The total consideration for the transaction was $368.4 million, consisting of 8,124,241 shares of FB Financial's common stock and $327 thousand in cash. Preliminary purchase accounting resulted in the recognition of $107.8 million of goodwill.

Key operational developments included an increase in nonperforming loans HFI as a percentage of loans HFI to 0.97% as of December 31, 2025, from 0.87% as of December 31, 2024. The company's overall business strategy remains focused on enhancing market penetration, pursuing strategic acquisitions, improving efficiency through technology, and developing niche banking opportunities. As of December 31, 2025, the company employed 1,594 full-time equivalent associates with an average tenure of 6 years and 9 months. The company also repurchased 1,717,948 shares of its common stock at an average price of $51.17 per share during the quarter ended December 31, 2025. The company's board of directors authorized a new repurchase program pursuant to which the Company may purchase up to $150 million in shares of the Company’s issued and outstanding common stock.

About FB Financial Corp

FB Financial Corporation is a Tennessee-based bank holding company operating FirstBank, which provides commercial and consumer banking services across the southeastern U.S. The company focuses on community banking with personalized, relationship-driven service, offering loans, deposits, mortgage, treasury, and wealth management products. Its business model emphasizes local decision-making, strategic growth through organic expansion and acquisitions, and risk management to serve diverse markets and customer segments.

This description was generated via AI from an annual report. Updated 9 months ago.

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