FB Financial (FBK) AI Stock Analysis

• Market Cap: $2.75B
• Dividend Yield: 1.47%
• Average Volume (3M): 522.20K
• Price to Earnings (P/E): 26.5
• Beta (1Y): 1.12
• Revenue Growth: -5.80%
• EPS Growth: -22.11%
• Country: US
• Employees: 1,490
• Sector: Financial
• Sector Strength: 69
• Industry: Banks - Regional
• EPS (TTM): 0.88
• Shares Outstanding: 53,848,880
• 10 Day Avg. Volume: 448,905
• 30 Day Avg. Volume: 522,195
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 0.79
• Enterprise Value/Revenue: 2.76
• Enterprise Value/Gross Profit: 4.64
• Enterprise Value/Ebitda: 12.35
• 1Y Price Target: $58.00
• Price Target Upside: 15.58% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 78 Outperform
• Price Target: $58.00 ▲(15.58% Upside)

FB Financial's strong financial performance and technical indicators are the primary drivers of its high score. The successful merger and strategic growth positioning further enhance the outlook, despite some valuation concerns and recent market volatility.

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. It offers checking, demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits and certificates of deposits, as well as engages in the mortgage origination business. The company also provides owner-occupied and non-owner-occupied real estate commercial, residential real estate 1-4 family mortgage, multi-family residential, commercial and industrial, construction, land acquisition, residential lines of credit, and land development loans; and consumer and other loans, such as car, boat, and other recreational vehicle loans, as well as manufactured homes without real estate and personal lines of credit. In addition, the company offers mortgage banking services through its bank branch networks in the southeastern United States; an internet delivery channel; and trust, insurance, and investment services, as well as online and mobile banking services. As of December 31, 2021, it operated 82 full-service bank branches and 9 limited-service branches locations throughout Tennessee, North Alabama, Southern Kentucky, and North Georgia; and 23 mortgage offices throughout the southeastern United States. The company was formerly known as First South Bancorp, Inc. and changed its name to FB Financial Corporation in 2016. FB Financial Corporation was founded in 1906 and is headquartered in Nashville, Tennessee.

How the Company Makes Money

FB Financial generates revenue through multiple channels, primarily from net interest income, which is the difference between the interest earned on loans and the interest paid on deposits. This is a significant revenue stream for the company as it lends to consumers and businesses while maintaining a competitive interest rate on its deposit accounts. Additionally, FBK earns non-interest income through fees associated with various banking services, such as account maintenance, transaction services, and wealth management. The company also benefits from mortgage origination fees and gains from the sale of loans. Strategic partnerships with local businesses and community organizations enhance its market presence and drive customer acquisition, further contributing to its overall earnings.

FB Financial Financial Statement Overview

Summary

FB Financial displays strong financial performance with solid profitability, a robust balance sheet, and effective cash flow management. Despite steady revenue growth and low leverage, potential cash flow volatility and minor equity fluctuations should be monitored.

Income Statement

FB Financial shows strong profitability with a consistent Gross Profit Margin around 60%, and a healthy Net Profit Margin improving to 16.2% in TTM (Trailing-Twelve-Months). Revenue growth has been steady, with a noticeable increase in 2022. EBIT and EBITDA margins are stable, indicating efficient operations.

Balance Sheet

The company maintains a robust balance sheet with a low Debt-to-Equity Ratio, indicating conservative leverage. Stockholders' equity has grown steadily, supporting an improving ROE. The Equity Ratio remains strong, reflecting a solid financial position, though there is a slight decrease in equity proportion to assets.

Cash Flow

FB Financial demonstrates strong cash flow management with positive Free Cash Flow and an Operating Cash Flow to Net Income Ratio above 1, indicating efficient profit conversion. However, fluctuations in Free Cash Flow Growth suggest potential volatility in cash generation.

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

FB Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 50.18
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 50.18 is above the 20-day moving average (MA) of 49.06, above the 50-day MA of 47.24, and above the 200-day MA of 48.29, indicating a bullish trend. The MACD of 0.91 indicates Negative momentum. The RSI at 58.57 is Neutral, neither overbought nor oversold. The STOCH value of 75.59 is Neutral, 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
SBCF	80 Outperform	$2.56B	17.92	6.31%	2.44%	5.70%	18.72%
TRMK	80 Outperform	$2.33B	10.85	10.99%	2.44%	17.17%	―
FBK	78 Outperform	$2.75B	26.51	5.81%	1.47%	-5.80%	-22.11%
HTH	73 Outperform	$2.07B	14.81	6.62%	2.05%	3.16%	27.33%
SYBT	73 Outperform	$2.23B	17.40	13.51%	1.52%	13.28%	22.43%
PPBI	70 Outperform	$2.26B	16.30	4.59%	5.72%	23.85%	―
Sector *	68 Neutral	$17.56B	11.61	10.34%	3.76%	9.69%	0.41%

FB Financial Corporate Events

FB Financial Reports Q2 2025 Financial Results

FB Financial Corporation reported its financial results for the second quarter of 2025, showing a net income of $2.9 million, or $0.06 per diluted share, a decrease from the previous quarter and the same quarter last year. However, the adjusted net income was significantly higher at $40.8 million, or $0.88 per diluted share. The company experienced growth in loans and deposits, with loans held for investment increasing to $9.87 billion and deposits rising to $11.40 billion. The net interest margin improved to 3.68%, and the company repositioned its balance sheet by selling low-yielding securities, resulting in a GAAP loss but enhancing liquidity and margin. The recent merger with Southern States Bancshares, Inc. positions FB Financial well for the second half of the year.

FB Financial Completes Merger with Southern States

On July 1, 2025, FB Financial completed its merger with Southern States Bancshares, resulting in FB Financial continuing as the surviving corporation and FirstBank as the surviving bank. Southern States shareholders received 0.800 shares of FB Financial stock per share, with the transaction valued at approximately $368.4 million. The merger expands FB Financial’s market presence and is expected to deliver long-term value for stakeholders. Additionally, J. Henry Smith IV was appointed to the board of directors, bringing extensive business management and bank governance experience.

FB Financial Shareholders Approve Merger Proposals

On June 26, 2025, FB Financial Corporation held a special shareholder meeting to discuss two key proposals related to a merger with Southern States Bancshares, Inc. The shareholders approved both the issuance of common stock for the merger and the potential adjournment of the meeting to gather additional votes if necessary, indicating strong support for the merger plan.

FB Financial Secures Approval for Southern States Merger

On June 12, 2025, FB Financial Corporation announced it had received all necessary regulatory approvals for its merger with Southern States Bancshares, Inc., with the transaction expected to close on July 1, 2025. This merger is anticipated to enhance FB Financial’s market position, although it carries potential risks related to integration and market conditions.

FB Financial Discusses Strategic Plans at Bank Trip

On June 4, 2025, FB Financial Corporation’s management team presented at the Stephens Nashville Bank Trip, discussing the company’s strategic plans and potential merger with Southern States Bancshares, Inc. The presentation highlighted forward-looking statements about the merger’s expected benefits, while also cautioning about various risks and uncertainties that could impact future performance. The company emphasized the importance of regulatory approvals and shareholder votes for the merger’s success.

FB Financial Holds Annual Shareholders Meeting

On May 22, 2025, FB Financial Corporation held its annual shareholders meeting, where 12 directors were elected to serve for one year. Shareholders approved the compensation of executive officers on a non-binding basis and ratified Crowe LLP as the independent accounting firm for 2025. However, a proposal to amend the company’s charter to eliminate supermajority voting standards did not pass.