FB Financial (FBK) AI Stock Analysis

• Market Cap: $3.16B
• Dividend Yield: 1.29%
• Average Volume (3M): 280.16K
• Price to Earnings (P/E): 27.6
• Beta (1Y): 0.97
• Revenue Growth: 10.50%
• EPS Growth: -6.22%
• Country: US
• Employees: 1,490
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 1.07
• Shares Outstanding: 53,462,482
• 10 Day Avg. Volume: 306,574
• 30 Day Avg. Volume: 280,162
• PEG Ratio: -6.65
• Price to Book (P/B): 1.53
• Price to Sales (P/S): 3.13
• P/FCF Ratio: 18.17
• Enterprise Value/Market Cap: 0.99
• Enterprise Value/Revenue: 4.29
• Enterprise Value/Gross Profit: 7.58
• Enterprise Value/Ebitda: 27.17
• 1Y Price Target: $64.75
• Price Target Upside: 9.71% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 3.85
• Revenue Forecast (FY): $610.21M

• Rating: 71 Outperform
• Price Target: $63.00 ▲(6.74% Upside)

FB Financial's overall stock score reflects a stable financial position with strong profitability and positive technical indicators. The successful merger and stock repurchase plan are significant positives. However, concerns about valuation and recent revenue declines slightly offset these strengths.

Positive Factors

Successful Merger Integration

The successful merger with Southern States enhances FB Financial's market presence and operational capabilities, supporting long-term growth.

Improved Cash Flow Management

Significant improvement in free cash flow indicates better cash management, enhancing the company's ability to invest in growth opportunities.

Regulatory Advancement

Joining the Federal Reserve System strengthens regulatory oversight and may improve operational efficiencies, supporting long-term stability.

Negative Factors

Revenue Decline

A decline in revenue growth poses challenges for sustaining profitability and may impact long-term financial performance if not addressed.

Challenges in Deposit Growth

Challenges in deposit growth could limit the company's ability to fund loans and expand, affecting future growth potential.

Increased Provision Expenses

Higher provision expenses can strain profitability and may indicate potential risks in the loan portfolio, impacting financial health.

FB Financial Business Overview & Revenue Model

Company Description

FB Financial (FBK) is a banking holding company based in the United States, primarily engaged in providing a wide range of financial services through its subsidiary, FirstBank. The company operates in the banking sector, offering services such as personal and commercial banking, mortgage lending, and wealth management. FB Financial serves various markets with a focus on delivering tailored financial solutions to individuals and businesses.

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. Additionally, FBK earns non-interest income from fees associated with deposit accounts, mortgage origination, and wealth management services. Significant partnerships with other financial institutions and service providers can also enhance revenue through cross-selling opportunities. Moreover, the company’s strategic expansion into new markets and its focus on customer service contribute to its overall earnings growth.

FB Financial Financial Statement Overview

Summary

FB Financial demonstrates a stable financial position with strong profitability margins and a conservative leverage profile. However, recent revenue declines and low operating cash flow conversion are areas of concern. The company shows potential for improvement in cash flow management and return on equity.

Income Statement

FB Financial's income statement shows a mixed performance. The TTM data indicates a decline in revenue growth at -7.06%, which is concerning. However, the company maintains a healthy gross profit margin of 56.61% and a net profit margin of 12.37%. The EBIT and EBITDA margins are also solid at 13.77% and 15.29%, respectively. Despite the recent revenue decline, the company has demonstrated strong profitability metrics historically.

Balance Sheet

The balance sheet reflects a stable financial position with a low debt-to-equity ratio of 0.14 in the TTM period, indicating conservative leverage. The return on equity (ROE) is modest at 5.70%, suggesting room for improvement in generating returns on shareholder equity. The equity ratio is strong, indicating a solid capital structure with a significant portion of assets financed by equity.

Cash Flow

Cash flow analysis shows a significant improvement in free cash flow growth at 50.32% in the TTM period, indicating better cash management. However, the operating cash flow to net income ratio is low at 0.01, suggesting potential challenges in converting income into cash. The free cash flow to net income ratio is strong at 93.91%, reflecting efficient cash generation relative to net income.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	729.93M	766.77M	748.98M	596.35M	613.25M	616.50M
Gross Profit	412.97M	445.74M	475.25M	508.19M	616.62M	459.55M
EBITDA	115.20M	161.58M	165.13M	172.18M	256.94M	95.32M
Net Income	90.38M	116.03M	120.22M	124.56M	190.28M	63.62M
Balance Sheet
Total Assets	13.35B	13.16B	12.60B	12.85B	12.60B	11.21B
Cash, Cash Equivalents and Short-Term Investments	1.36B	1.74B	1.71B	2.29B	3.35B	2.37B
Total Debt	223.77M	246.55M	468.35M	494.99M	226.52M	299.69M
Total Liabilities	11.74B	11.59B	11.15B	11.52B	11.16B	9.92B
Stockholders Equity	1.61B	1.57B	1.45B	1.33B	1.43B	1.29B
Cash Flow
Free Cash Flow	119.48M	132.25M	190.84M	789.08M	48.78M	-275.94M
Operating Cash Flow	127.23M	138.80M	211.07M	799.71M	54.88M	-270.00M
Investing Cash Flow	-422.69M	-294.00M	-55.22M	-1.75B	-849.56M	309.42M
Financing Cash Flow	660.28M	386.76M	-371.98M	184.10M	1.27B	1.05B

FB Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 59.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: 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 59.02 is above the 20-day moving average (MA) of 55.84, above the 50-day MA of 55.50, and above the 200-day MA of 49.09, indicating a bullish trend. The MACD of 1.06 indicates Negative momentum. The RSI at 68.51 is Neutral, neither overbought nor oversold. The STOCH value of 86.89 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FBK.

FB Financial Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BKU	74 Outperform	$3.46B	13.00	9.04%	2.65%	-5.44%	45.47%
CVBF	74 Outperform	$2.73B	13.50	9.10%	4.02%	-8.43%	3.75%
PRK	73 Outperform	$2.63B	15.10	13.69%	2.86%	6.29%	28.28%
FBK	71 Outperform	$3.16B	27.56	5.85%	1.29%	10.50%	-6.22%
TOWN	70 Outperform	$2.66B	14.60	7.37%	2.93%	9.48%	12.83%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SBCF	66 Neutral	$2.66B	17.94	6.33%	2.21%	6.83%	23.44%

FB Financial Corporate Events

FB Financial Subsidiary Joins Federal Reserve System

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 Deposit Insurance Corporation. This regulatory change will not affect customers’ daily interactions with the bank, and customer deposits will continue to be insured by the FDIC as permitted by law.

FB Financial Announces Share Purchase Agreement

On November 14, 2025, FB Financial Corporation entered into a share purchase agreement with the Estate of James W. Ayers and certain institutional investors for the sale of 2,162,052 shares of common stock at $51.50 per share. Additionally, the company agreed to repurchase 1,717,948 shares from the Selling Shareholder at the same price. These transactions, expected to close on November 17, 2025, are part of a strategic move to manage share distribution and do not involve the company selling any shares directly, thus not receiving proceeds from the offering.

FB Financial Completes Acquisition of Southern States

On July 1, 2025, FB Financial Corporation completed its acquisition of Southern States Bancshares, Inc., including its subsidiary Southern States Bank. The company has released historical unaudited financial information for Southern States as of June 30, 2025, and pro forma financial data reflecting the merger. This acquisition is expected to enhance FB Financial’s market presence and operational capabilities.

FB Financial Discusses Merger Plans at Conference

On November 6, 2025, FB Financial Corporation’s management team presented at the Hovde Financial Services Conference. The presentation included forward-looking statements about the company’s future plans, strategies, and expectations, particularly regarding the merger with Southern States Bancshares, Inc. The company highlighted various risks and uncertainties that could impact its operations and financial performance, emphasizing the importance of non-GAAP financial measures for understanding its performance and financial condition.

FB Financial Reports Strong Q3 2025 Growth Post-Merger

FB Financial Corporation reported significant financial growth for the third quarter of 2025, with net income rising to $23.4 million and adjusted net income reaching $57.6 million. The company’s financial performance was bolstered by its merger with Southern States Bancshares, Inc., which contributed to increases in loans and deposits, and an improved net interest margin. The successful integration of Southern States marks a pivotal moment for FB Financial, as it continues to focus on disciplined capital management and future growth opportunities.

FB Financial Announces Management Realignment Effective October 2025

On September 12, 2025, FB Financial Corporation announced a realignment of management responsibilities effective October 1, 2025. Michael M. Mettee was appointed as Chief Operating Officer in addition to his role as Chief Financial Officer, while Travis K. Edmondson was named Chief Credit Officer. These changes include amended employment agreements and adjustments to compensation, reflecting the company’s strategic focus on enhancing its operational leadership.

FB Financial Renews $150M Stock Repurchase Plan

On September 15, 2025, FB Financial Corporation announced that its board of directors has renewed its stock repurchase plan, allowing the company to buy back up to $150 million of its common stock until January 31, 2027. This move, reflecting the company’s financial strength and profitability, aims to deliver superior returns and create long-term value for shareholders, with repurchases to be conducted based on various market and regulatory factors.