FB Financial Corporation reported significant financial growth in its latest quarterly results for the period ending March 31, 2026. The company achieved a net income of $57.5 million, a substantial increase from $39.4 million in the same period last year. This growth translated to a diluted earnings per share of $1.10, compared to $0.84 in the prior year. The return on average assets (ROAA) improved to 1.43%, up from 1.21%, while the return on average common equity (ROAE) rose to 11.9% from 10.1%.
The company's total interest income surged to $225.4 million, up from $179.7 million, driven primarily by a $47 million increase in interest income from loans held for investment, which reached $199.1 million. This increase was supported by higher average loan balances, particularly following the merger with Southern States Bancshares, which added significant assets to FB Financial's portfolio. The net interest margin also improved to 3.94%, compared to 3.55% in the previous year, reflecting a favorable shift in the interest rate environment.
In terms of operational developments, FB Financial completed its merger with Southern States Bancshares on July 1, 2025, which added 13 branches and expanded its footprint in Alabama and Georgia. The merger contributed to a total asset increase of $2.83 billion, total loans of $2.27 billion, and total deposits of $2.47 billion. As of March 31, 2026, the company operated 90 full-service branches across Tennessee, Alabama, Kentucky, and Georgia, with a focus on enhancing its market presence and customer base.
The company’s total deposits increased to $14.08 billion from $13.91 billion, with noninterest-bearing deposits rising to $2.66 billion. The growth in customer time deposits was particularly notable, increasing by $280.1 million, driven by both new and existing customer growth. However, the cost of interest-bearing deposits decreased, reflecting a lower interest rate environment, which is expected to positively impact net interest income moving forward.
Looking ahead, FB Financial remains optimistic about its growth trajectory, bolstered by the successful integration of Southern States and a strong loan portfolio. The company is focused on maintaining its capital adequacy, with total common shareholders’ equity reaching $1.97 billion as of March 31, 2026. The company continues to monitor economic conditions and adjust its strategies accordingly, aiming to enhance shareholder value while managing risks associated with interest rate fluctuations and credit quality.
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.
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