FB Financial Corporation (FBK)
NYSE:FBK
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FB Financial
(NYSE:FBK)
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Rating:64Neutral
Price Target:
$62.00
â–²(14.18% Upside)
Action:DowngradedDate:02/27/26
FBK scores as a moderate-quality setup: stable financial footing (conservative leverage and ongoing profitability) and a constructive earnings-call outlook (NIM/efficiency targets and capital return) support the score. This is tempered by post-peak financial trends (margin/ROE compression and 2025 revenue decline), mixed near-term technical momentum, and a relatively high P/E with a modest dividend yield.
Positive Factors
Conservative leverage & stronger balance sheet
FB Financial's materially lower debt-to-equity (~0.17) and stronger equity base give the bank durable financial flexibility. Improved leverage reduces insolvency risk, supports regulatory ratios and provides room to absorb credit or rate shocks while still funding loans and capital returns over the medium term.
Negative Factors
Top-line weakness and FCF growth erosion
A material revenue decline in 2025 and three consecutive years of falling free-cash-flow growth indicate weakening top-line momentum and reduced scalability. Even with positive FCF levels, persistent negative growth undermines long-term reinvestment capacity and constrains sustainable capital deployment.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage & stronger balance sheet
FB Financial's materially lower debt-to-equity (~0.17) and stronger equity base give the bank durable financial flexibility. Improved leverage reduces insolvency risk, supports regulatory ratios and provides room to absorb credit or rate shocks while still funding loans and capital returns over the medium term.
Read all positive factors
FB Financial (FBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.81B
Dividend Yield1.34%
Average Volume (3M)320.25K
Price to Earnings (P/E)24.2
Beta (1Y)1.02
Revenue Growth10.50%
EPS Growth-6.22%
CountryUS
Employees1,490
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.16
Shares Outstanding51,757,557
10 Day Avg. Volume289,344
30 Day Avg. Volume320,249
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 Cap1.06
Enterprise Value/Revenue3.39
Enterprise Value/Gross Profit5.76
Enterprise Value/Ebitda18.44
Forecast
1Y Price Target
$55.89Price Target Upside2.93% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)4.77
Revenue Forecast (FY)$731.53M
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 generates revenue through multiple streams, primarily from interest income, which is earned on loans and other financial products. The company lends to consumers and small to mid-sized businesses, generating interest from these loans....
FB Financial Earnings Call Summary
Earnings Call Date:Jan 21, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 13, 2026
Earnings Call Sentiment Positive
The call balanced strong financial performance and capital actions against near-term operational noise. Highlights include robust full-year balance sheet growth (29% loans, 25% deposits), solid margin and profitability (3.98% NIM, adjusted ROTCE ~15.9%), low credit costs, and a meaningful share repurchase. Lowlights center on softer organic growth in Q4 due to late-quarter payoffs and acquisition-related distractions, a modest rise in past dues/non-performing assets, and several non-run-rate expense items that elevated Q4 operating costs. Management provided clear 2026 guidance (mid-high single-digit organic growth, expense and margin targets) and expressed confidence in returning to high single-digit organic growth while investing in talent and the customer focus.Positive Updates
Strong Adjusted Earnings and Profitability
Q4 reported EPS $1.07 and adjusted EPS $1.16; FY reported EPS $2.45 and adjusted EPS $3.99. Q4 adjusted returns: return on average assets ~1.51% and return on average tangible common equity ~15.9%, with a TCE ratio near 10%.
Negative Updates
Softer Organic Growth and Late-Quarter Payoffs
Q4 point-to-point loan growth was $86 million and deposits grew $97 million (both ~3% annualized). Late-quarter payoff activity reduced loan growth by about half and was most pronounced in C&I and CRE portfolios. Management described organic growth for 2025 as below expectations.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Adjusted Earnings and Profitability
Q4 reported EPS $1.07 and adjusted EPS $1.16; FY reported EPS $2.45 and adjusted EPS $3.99. Q4 adjusted returns: return on average assets ~1.51% and return on average tangible common equity ~15.9%, with a TCE ratio near 10%.
Read all positive updates
Company Guidance
FB Financial guided Q1 2026 NIM (ex‑loan accretion) of 3.78%–3.83% and said full‑year core NIM should be roughly consistent with the current Q4 2025 NIM (3.98%), with loan accretion expected to add about 15 bps (exclusive of any accelerated accretion); they expect mid‑to‑high single‑digit organic loan growth and similar mid‑to‑high single‑digit core customer deposit growth for 2026, fee income growth in the upper single‑digit range, and banking non‑interest expense (run‑rate) of $325–$335 million for the year (banking core non‑interest expense ran $88M in Q4 and $298M for the year); management is targeting an efficiency ratio in the low‑50s for the full year and about 50% by year‑end 2026, and noted recent production yields (~6.75% new loan yields, ~3% new deposit costs) and a ~1.7M‑share repurchase (~3% of shares) completed in the quarter.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 | 2.62B | 1.74B | 1.71B | 2.29B | 3.35B |
| Total Debt | 273.32M | 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
Positive
54.30
Price Trends
55.27
Negative
55.97
Negative
53.65
Positive
Market Momentum
-0.41
Negative
58.38
Neutral
96.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBK, the sentiment is Positive. The current price of 54.3 is above the 20-day moving average (MA) of 51.91, below the 50-day MA of 55.27, and above the 200-day MA of 53.65, indicating a neutral trend. The MACD of -0.41 indicates Negative momentum. The RSI at 58.38 is Neutral, neither overbought nor oversold. The STOCH value of 96.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $3.03B | 13.59 | 13.70% | 2.96% | 6.29% | 28.28% | |
72 Outperform | $3.04B | 22.20 | 5.83% | 2.25% | 6.83% | 23.44% | |
71 Outperform | $2.70B | 12.23 | 9.25% | 4.00% | -8.43% | 3.75% | |
69 Neutral | $3.37B | 12.64 | 8.99% | 2.71% | -5.44% | 45.47% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $2.81B | 24.15 | 6.87% | 1.34% | 10.50% | -6.22% | |
63 Neutral | $3.14B | 15.10 | 7.31% | 3.04% | 9.48% | 12.83% |
* Financial Sector Average
FBK
FB Financial
54.30
11.81
27.81%
BKU
BankUnited
45.77
14.46
46.18%
CVBF
Cvb Financial
19.89
3.08
18.34%
PRK
Park National
167.74
19.30
13.00%
SBCF
Seacoast Banking Of Florida
31.06
8.02
34.83%
TOWN
TowneBank
34.04
3.39
11.07%
FB Financial Corporate Events
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...
Business Operations and StrategyStock BuybackFinancial Disclosures
FB Financial Reports Strong Q4 2025 Earnings Growth
Positive
Jan 21, 2026
On January 21, 2026, FB Financial Corporation reported that fourth-quarter 2025 net income rose to $57.0 million, or $1.07 per diluted share, up sharply from $0.43 in the prior quarter and $0.81 a year earlier, while adjusted diluted EPS increased...
Business Operations and StrategyRegulatory Filings and Compliance
FB Financial Subsidiary Joins Federal Reserve System
Neutral
Dec 4, 2025
On December 2, 2025, FirstBank, a subsidiary of FB Financial Corporation, became a member of the Federal Reserve System, with the Board of Governors of the Federal Reserve System taking over as the primary federal regulator from the Federal Deposi...
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.