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FB Financial Announces Planned Chief Accounting Officer Transition

Story Highlights
  • FB Financial’s Chief Accounting Officer Jonathan Pennington will resign in late February 2026 for another role, with no disputes over accounting or controls cited.
  • The boards appointed experienced finance executive Lynn Joyce as new Chief Accounting Officer effective around March 1, 2026, with a 29% pay increase and no related-party ties noted.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
FB Financial Announces Planned Chief Accounting Officer Transition

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The latest announcement is out from FB Financial ( (FBK) ).

On January 28, 2026, FB Financial Corporation announced that Chief Accounting Officer Jonathan Pennington will resign from FB Financial and its subsidiary FirstBank effective on or about February 26, 2026, to take a position at another institution, with the company emphasizing that his departure does not stem from any disagreements over operations, policies, or accounting and internal control practices. On February 2, 2026, the boards of FB Financial and FirstBank appointed veteran banking executive Lynn Joyce, formerly Chief Financial Officer of Southern States Bancshares prior to its July 2025 acquisition by FB Financial and a senior finance leader at FirstBank thereafter, to succeed Pennington as Chief Accounting Officer effective on or about March 1, 2026, with her compensation increased by about 29% and the company noting there are no special arrangements, family ties, or related-party transactions connected to her appointment, underscoring a planned and orderly leadership transition in a key finance role.

The most recent analyst rating on (FBK) stock is a Hold with a $65.00 price target. To see the full list of analyst forecasts on FB Financial stock, see the FBK Stock Forecast page.

Spark’s Take on FBK Stock

According to Spark, TipRanks’ AI Analyst, FBK is a Outperform.

The score is driven primarily by solid financial fundamentals (strong revenue momentum and conservative leverage) and supportive technical strength (price above major moving averages with positive momentum). These positives are tempered by less attractive valuation (P/E ~27 and low yield) and the fundamental watch-items highlighted on the earnings call, including normalized profitability, softer recent organic growth, and some credit/expense and funding pressures.

To see Spark’s full report on FBK stock, click here.

More about FB Financial

FB Financial Corporation is a bank holding company whose primary operating subsidiary is FirstBank, providing commercial and consumer banking services across its regional footprint. The company has expanded its presence through acquisitions, including the July 2025 purchase of Southern States Bancshares, integrating acquired institutions into its broader community and regional banking platform.

Average Trading Volume: 313,647

Technical Sentiment Signal: Buy

Current Market Cap: $3.08B

See more data about FBK stock on TipRanks’ Stock Analysis page.

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