FB Financial (FBK) AI Stock Analysis

• Market Cap: $2.53B
• Dividend Yield: 1.62%
• Average Volume (3M): 239.02K
• Price to Earnings (P/E): 17.3
• Beta (1Y): 1.12
• Revenue Growth: 2.70%
• EPS Growth: 14.32%
• Country: US
• Employees: 1,490
• Sector: Financial
• Sector Strength: 81
• Industry: Banks - Regional
• EPS (TTM): 0.85
• Shares Outstanding: 53,749,810
• 10 Day Avg. Volume: 384,430
• 30 Day Avg. Volume: 239,021
• PEG Ratio: 1.63
• Price to Book (P/B): 1.26
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 24.85
• Enterprise Value/Market Cap: 0.60
• Enterprise Value/Revenue: 0.65
• Enterprise Value/Gross Profit: 4.08
• Enterprise Value/Ebitda: 3.35
• 1Y Price Target: $55.67
• Price Target Upside: 18.47% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 4

• Rating: 74 Outperform
• Price Target: $51.00 ▲(8.53%Upside)

FB Financial's strong financial performance and strategic growth initiatives are supported by solid earnings and corporate events. Technical indicators suggest caution due to potential overbought conditions, and while valuation is fair, immediate upside may be limited.

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 makes money through a variety of revenue streams associated with its banking operations. The primary source of revenue is the net interest income generated from the difference between interest earned on loans and interest paid on deposits. The company also earns non-interest income through fees and service charges related to deposit accounts, mortgage banking activities, and investment advisory services. Additionally, FB Financial benefits from strategic partnerships and community-focused initiatives that enhance its market presence and customer base. The company's diversified financial services offerings and regional focus contribute significantly to its earnings.

FB Financial Financial Statement Overview

Summary

FB Financial exhibits strong revenue growth and improved operational efficiency, with a robust balance sheet and low leverage. However, challenges in cash flow growth and pressure on net profit margins highlight areas needing improvement.

Income Statement

FB Financial has shown a mixed performance in its income statement. The gross profit margin is solid, consistently reflecting 100% over the years due to total revenue equaling gross profit, which is typical in the banking industry where interest income is the primary component. The net profit margin was 16.0% in 2024, slightly decreasing from 25.2% in 2023, indicating some pressure on profitability. Revenue growth from 2023 to 2024 was robust at 51.9%, but this follows a previous year of revenue decline by 9.3%, suggesting volatility. EBIT margin improved significantly to 98.0% in 2024 from 45.5% in 2023, showing enhanced operational efficiency.

Balance Sheet

The balance sheet of FB Financial reveals strong equity levels with an equity ratio of 11.9% in 2024, indicating a stable funding base. The debt-to-equity ratio improved significantly to 0.04 in 2024, showcasing effective debt management. Return on equity was 7.4% in 2024, down from 8.3% in 2023, suggesting a slight decline in profitability but still a reasonable return for the banking sector. Overall, the balance sheet reflects a solid financial position with low leverage.

Cash Flow

FB Financial's cash flow statement shows some challenges. Free cash flow decreased by 27.3% from 2023 to 2024, indicating potential constraints in cash generation. The operating cash flow to net income ratio of 1.2 in 2024 suggests that operating cash flow adequately supports net income, though lower than previous years. The free cash flow to net income ratio was 1.2 in 2024, hinting at a reasonable conversion of net income into free cash flow, albeit lower compared to some previous years.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	492.32M	766.77M	748.98M	596.35M	613.25M	616.50M
Gross Profit	372.49M	445.74M	475.25M	508.19M	616.62M	459.55M
EBITDA	119.12M	161.58M	165.13M	172.18M	256.94M	95.32M
Net Income	89.56M	116.03M	120.22M	124.56M	190.28M	63.62M
Balance Sheet
Total Assets	13.14B	13.16B	12.60B	12.85B	12.60B	11.21B
Cash, Cash Equivalents and Short-Term Investments	0.00	1.74B	1.71B	2.29B	3.35B	2.37B
Total Debt	228.12M	246.55M	468.35M	494.99M	226.52M	299.69M
Total Liabilities	11.53B	11.59B	11.15B	11.52B	11.16B	9.92B
Stockholders Equity	1.60B	1.57B	1.45B	1.33B	1.43B	1.29B
Cash Flow
Free Cash Flow	81.15M	132.25M	190.84M	789.08M	48.78M	-275.94M
Operating Cash Flow	86.07M	138.80M	211.07M	799.71M	54.88M	-270.00M
Investing Cash Flow	-603.80M	-294.00M	-55.22M	-1.75B	-849.56M	309.42M
Financing Cash Flow	441.70M	386.76M	-371.98M	184.10M	1.27B	1.05B

FB Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 46.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Negative
• 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 46.99 is above the 20-day moving average (MA) of 44.40, above the 50-day MA of 44.19, and below the 200-day MA of 48.18, indicating a neutral trend. The MACD of 0.75 indicates Negative momentum. The RSI at 71.02 is Negative, neither overbought nor oversold. The STOCH value of 88.67 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
SBCF	80 Outperform	$2.53B	19.78	5.82%	2.45%	4.52%	7.58%
FBK	74 Outperform	$2.53B	17.29	8.27%	1.62%	2.70%	14.32%
PPBI	72 Outperform	$2.20B	14.79	4.94%	5.83%	23.09%	1086.91%
SYBT	72 Outperform	$2.45B	20.06	13.18%	1.52%	14.30%	16.24%
HTH	71 Outperform	$2.03B	16.05	5.89%	2.28%	0.59%	14.96%
TRMK	70 Neutral	$2.31B	353.99	3.28%	2.52%	-17.96%	-95.37%
Sector *	61 Neutral	C$14.56B	6.16	20.17%	5.70%	26.93%	-38.21%

FB Financial Corporate Events

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.

The most recent analyst rating on (FBK) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on FB Financial stock, see the FBK Stock Forecast page.

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.

The most recent analyst rating on (FBK) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on FB Financial stock, see the FBK Stock Forecast page.

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.

The most recent analyst rating on (FBK) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on FB Financial stock, see the FBK Stock Forecast page.

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.

The most recent analyst rating on (FBK) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on FB Financial stock, see the FBK Stock Forecast page.

FB Financial Reports Strong Q1 2025 Results

FB Financial Corporation reported its financial results for the first quarter of 2025, showing a net income of $39.4 million, or $0.84 per diluted share, compared to $0.81 in the previous quarter and $0.59 in the first quarter of the previous year. The company experienced a 7.14% annualized increase in loans held for investment, reaching $9.77 billion, while deposits remained relatively flat at $11.20 billion. The net interest margin improved to 3.55% from 3.50% in the prior quarter. CEO Christopher T. Holmes noted the company’s solid start to the year, highlighting growth in loans and deposits despite slower economic conditions, and emphasized the company’s strong capital and liquidity positions.

FB Financial Announces Passing of Key Shareholder

FB Financial Corporation announced the passing of James W. Ayers on April 1, 2025. Mr. Ayers, who owned approximately 23% of the company’s common stock and was its sole shareholder before its IPO, was instrumental in transforming FirstBank into a leading financial institution in the South. His passing also led to the automatic termination of the Shareholder’s Agreement, which allowed him to designate a portion of the company’s board members.