FB Financial Corporation (FBK)
NYSE:FBK
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FB Financial
(NYSE:FBK)
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Rating:64Neutral
Price Target:
$57.00
▲(5.56% Upside)
Action:ReiteratedDate:04/28/26
FBK scores in the mid-range primarily due to stable but cooling fundamentals (margin and revenue pressure vs. prior-cycle highs) balanced by a conservatively positioned balance sheet. The earnings call adds support through solid capital, cost discipline, and growth guidance, while technicals are neutral-to-soft and valuation appears reasonable.
Positive Factors
Conservative balance sheet & strong capital
Low leverage and above-minimum capital ratios (debt-to-equity ~0.17; CET1 ~11.5%) provide durable loss-absorption and strategic optionality. This balance-sheet conservatism supports buybacks, disciplined growth, and resilience to credit or funding stress, sustaining franchise stability over months.
Negative Factors
Net interest margin compression
A falling NIM directly reduces core net interest income, squeezing earnings power and ROE absent offsetting loan growth or fee expansion. Given deposit repricing and mix effects, persistent NIM pressure can limit sustained profitability and constrain capital returns or reinvestment over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet & strong capital
Low leverage and above-minimum capital ratios (debt-to-equity ~0.17; CET1 ~11.5%) provide durable loss-absorption and strategic optionality. This balance-sheet conservatism supports buybacks, disciplined growth, and resilience to credit or funding stress, sustaining franchise stability over months.
Read all positive factors
FB Financial (FBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.82B
Dividend Yield1.34%
Average Volume (3M)361.37K
Price to Earnings (P/E)12.3
Beta (1Y)1.00
Revenue Growth18.88%
EPS Growth-1.29%
CountryUS
Employees1,490
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.12
Shares Outstanding51,843,580
10 Day Avg. Volume387,479
30 Day Avg. Volume361,368
Financial Highlights & Ratios
PEG Ratio-7.52
Price to Book (P/B)1.52
Price to Sales (P/S)3.37
P/FCF Ratio20.14
Enterprise Value/Market Cap1.03
Enterprise Value/Revenue3.30
Enterprise Value/Gross Profit5.61
Enterprise Value/Ebitda17.96
Forecast
1Y Price Target
$64.25Price Target Upside18.98% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)4.72
Revenue Forecast (FY)$723.65M
FB Financial Business Overview & Revenue Model
Company Description
FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. ...
How the Company Makes Money
FB Financial makes money primarily through its banking operations. The largest source of earnings for a typical commercial bank like FirstBank is net interest income: the company earns interest and fees on loans and interest-earning securities and...
FB Financial Earnings Call Summary
Earnings Call Date:Apr 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 20, 2026
Earnings Call Sentiment Positive
The call presented several meaningful positives — industry recognition for customer satisfaction, solid GAAP and adjusted EPS, PPNR growth and momentum in the loan pipeline, expense discipline with efficiency improvements, on-target merger synergies, and strong capital ratios. Offsetting these were modest but notable headwinds: a declining NIM with slightly lower guidance, reduced noninterest income driven by mortgage volatility and fewer nonrecurring items, elevated competitive pricing pressure on deposits and loans, and a slower start to loan growth with elevated payoffs. Management emphasized momentum building into the back half of the year and a disciplined approach to balancing growth and returns.Positive Updates
Industry Recognition - J.D. Power #1
FirstBank received J.D. Power's Retail Banking Award (South Central) ranking #1 for overall customer satisfaction and #1 in client trust and quality of people — independent, large-sample validation of customer experience.
Negative Updates
Net Interest Margin Decline and Lowered NIM Guidance
NIM declined to 3.94% for the quarter (modest decline) driven by balance sheet mix and the full-quarter impact of late-Q4 rate cuts. Full-year NIM (ex-loan accretion) guidance lowered to 3.7%–3.8% (a modest downgrade from prior guidance); Q2 expected to trend toward the lower end.
Read all updates
Q1-2026 Updates
Positive
Negative
Industry Recognition - J.D. Power #1
FirstBank received J.D. Power's Retail Banking Award (South Central) ranking #1 for overall customer satisfaction and #1 in client trust and quality of people — independent, large-sample validation of customer experience.
Read all positive updates
Company Guidance
Management guided to full‑year mid‑ to high‑single‑digit loan and deposit growth (weighted to the back half of 2026) after year‑to‑date annualized loan growth of ~4% and deposit growth ~5% with March showing upper‑single‑digit loan growth; they expect full‑year NIM excluding accretion of 3.7%–3.8% (Q1 NIM 3.94%, total loan yield 6.51% with new‑production yields nearer 6.6%; total deposit cost 2.27% with new production ~2.7%), with Q2 trending to the low end of that NIM range. Other key targets and outlook items: PPNR was $77.2M ($78.2M adj) with PPNR ROAA ~1.93% (1.95% adj) and Q1 EPS $1.10 ($1.12 adj); noninterest expense guidance for the banking segment is $325M–$335M with a company efficiency ratio expected in the low‑50% range (Q1 efficiency 55.2% / 54.3% adj; banking segment 50.9% adj); credit guidance reflected a Q1 provision of ~ $3M, allowance coverage 1.49% of loans, annualized net charge‑offs ~11 bps and purchase accounting accretion of ~15–18 bps; capital is positioned for flexibility (CET1 11.5%, Tier‑1 leverage 10.4%, total risk‑based 13.4%) and management will remain disciplined on pricing, opportunistic on buybacks, and focused on expense control.FB Financial Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
73
Positive
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 877.84M | 766.77M | 748.98M | 596.35M | 613.25M |
| Gross Profit | 516.73M | 445.74M | 475.25M | 508.19M | 616.62M |
| EBITDA | 150.70M | 161.58M | 165.13M | 172.18M | 256.94M |
| Net Income | 122.62M | 116.03M | 120.22M | 124.56M | 190.28M |
Balance Sheet | |||||
| Total Assets | 16.30B | 13.16B | 12.60B | 12.85B | 12.60B |
| Cash, Cash Equivalents and Short-Term Investments | 1.56B | 1.74B | 1.71B | 2.29B | 3.35B |
| Total Debt | 283.21M | 246.55M | 468.35M | 494.99M | 226.52M |
| Total Liabilities | 14.35B | 11.59B | 11.15B | 11.52B | 11.16B |
| Stockholders Equity | 1.95B | 1.57B | 1.45B | 1.33B | 1.43B |
Cash Flow | |||||
| Free Cash Flow | 147.01M | 132.25M | 190.84M | 789.08M | 48.78M |
| Operating Cash Flow | 155.86M | 138.80M | 211.07M | 799.71M | 54.88M |
| Investing Cash Flow | -32.48M | -294.00M | -55.22M | -1.75B | -849.56M |
| Financing Cash Flow | -9.97M | 386.76M | -371.98M | 184.10M | 1.27B |
FB Financial Technical Analysis
Negative
54.00
Price Trends
54.73
Negative
56.08
Negative
54.07
Negative
Market Momentum
0.23
Negative
50.64
Neutral
29.96
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBK, the sentiment is Negative. The current price of 54 is above the 20-day moving average (MA) of 53.34, below the 50-day MA of 54.73, and below the 200-day MA of 54.07, indicating a neutral trend. The MACD of 0.23 indicates Negative momentum. The RSI at 50.64 is Neutral, neither overbought nor oversold. The STOCH value of 29.96 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FBK.
FB Financial Risk Analysis
FB Financial disclosed 37 risk factors in its most recent earnings report. FB Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
FB Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $3.12B | 17.04 | 12.91% | 2.96% | 6.83% | 11.88% | |
75 Outperform | $3.58B | 13.08 | 9.16% | 4.00% | -2.88% | 5.22% | |
74 Outperform | $3.09B | ― | 5.83% | 2.25% | 15.72% | 12.67% | |
68 Neutral | $3.44B | 13.89 | 9.02% | 2.71% | -5.31% | 11.35% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $2.82B | 12.32 | 7.50% | 1.34% | 18.88% | -1.29% | |
63 Neutral | $3.30B | 18.57 | 6.38% | 3.04% | 14.22% | -15.75% |
* Financial Sector Average
FBK
FB Financial
54.82
12.90
30.76%
BKU
BankUnited
47.23
15.48
48.76%
CVBF
Cvb Financial
20.49
2.69
15.14%
PRK
Park National
175.66
30.62
21.11%
SBCF
Seacoast Banking Of Florida
31.73
8.61
37.22%
TOWN
TowneBank
35.94
4.01
12.57%
FB Financial Corporate Events
Business Operations and StrategyStock Buyback
FB Financial Expands Share Repurchase Authorization Program
Positive
Apr 27, 2026
On April 27, 2026, FB Financial Corporation announced that its board of directors renewed and expanded its common stock repurchase authorization, allowing the company to buy back up to $175 million of its outstanding shares through June 30, 2027, ...
Business Operations and StrategyFinancial Disclosures
FB Financial posts strong first-quarter 2026 earnings growth
Positive
Apr 13, 2026
FB Financial Corporation reported first-quarter 2026 net income of $57.5 million, or $1.10 per diluted share, on April 13, 2026, up from $1.07 in the prior quarter and $0.84 a year earlier, with adjusted EPS of $1.12. Loans held for investment ros...
Business Operations and StrategyFinancial Disclosures
FB Financial Highlights Non-GAAP Metrics at Investor Conference
Neutral
Feb 11, 2026
On February 12, 2026, FB Financial’s management team presented at the Keefe, Bruyette Woods Winter Financial Services Conference, using an investor slide deck that is also available on the company’s website for shareholders and analys...
Executive/Board Changes
FB Financial Announces Planned Chief Accounting Officer Transition
Neutral
Feb 3, 2026
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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.