FB Financial Corporation (FBK)
NYSE:FBK
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FB Financial
(NYSE:FBK)
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Rating:69Neutral
Price Target:
$57.00
â–²(9.28% Upside)
Action:Downgraded
Date:05/14/26
FBK’s score is driven primarily by solid underlying financial performance (low leverage, improving revenue growth, and healthy profitability) and a constructive earnings outlook supported by strong capital and efficiency focus. These positives are tempered by weak technical momentum (below major moving averages with negative MACD) and near-term profitability headwinds from NIM compression and competitive pricing pressure.
Positive Factors
Conservative Balance Sheet
FB Financial's low TTM debt-to-equity (~0.14) and rising equity provide structural resilience against economic shocks, supporting lending capacity and regulatory flexibility. This conservative leverage profile underpins long-term stability and ability to fund growth or repurchase shares without stressing capital ratios.
Negative Factors
NIM Compression
A sustained decline in net interest margin reduces the core earnings engine for a regional bank. Lower NIM guidance reflects structural pressure from balance sheet mix and rate moves; persistent compression would materially constrain net interest income and PPNR unless offset by higher volumes or fee growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
FB Financial's low TTM debt-to-equity (~0.14) and rising equity provide structural resilience against economic shocks, supporting lending capacity and regulatory flexibility. This conservative leverage profile underpins long-term stability and ability to fund growth or repurchase shares without stressing capital ratios.
Read all positive factors
FB Financial (FBK) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.69B
Dividend Yield1.34%
Average Volume (3M)294.04K
Price to Earnings (P/E)11.7
Beta (1Y)0.98
Revenue Growth18.85%
EPS Growth-1.29%
CountryUS
Employees1,490
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)2.68
Shares Outstanding51,523,460
10 Day Avg. Volume268,766
30 Day Avg. Volume294,036
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 Cap1.05
Enterprise Value/Revenue3.05
Enterprise Value/Gross Profit5.07
Enterprise Value/Ebitda15.44
Forecast
1Y Price Target
$64.25Price Target Upside23.18% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
EPS Forecast (FY)4.68
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
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
72
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 926.82M | 877.84M | 766.77M | 748.98M | 596.35M | 613.25M |
| Gross Profit | 557.67M | 516.73M | 445.74M | 475.25M | 508.19M | 616.62M |
| EBITDA | 183.23M | 150.70M | 161.58M | 165.13M | 172.18M | 256.94M |
| Net Income | 140.79M | 122.62M | 116.03M | 120.22M | 124.56M | 190.28M |
Balance Sheet | ||||||
| Total Assets | 16.47B | 16.30B | 13.16B | 12.60B | 12.85B | 12.60B |
| Cash, Cash Equivalents and Short-Term Investments | 159.88M | 1.56B | 1.74B | 1.71B | 2.29B | 3.35B |
| Total Debt | 272.29M | 283.21M | 246.55M | 468.35M | 494.99M | 226.52M |
| Total Liabilities | 14.49B | 14.35B | 11.59B | 11.15B | 11.52B | 11.16B |
| Stockholders Equity | 1.97B | 1.95B | 1.57B | 1.45B | 1.33B | 1.43B |
Cash Flow | ||||||
| Free Cash Flow | 189.31M | 147.01M | 132.25M | 190.84M | 789.08M | 48.78M |
| Operating Cash Flow | 203.33M | 155.86M | 138.80M | 211.07M | 799.71M | 54.88M |
| Investing Cash Flow | 10.06M | -32.48M | -294.00M | -55.22M | -1.75B | -849.56M |
| Financing Cash Flow | 149.66M | -9.97M | 386.76M | -371.98M | 184.10M | 1.27B |
FB Financial Technical Analysis
Neutral
52.16
Price Trends
52.86
Negative
55.07
Negative
54.50
Negative
Market Momentum
-0.47
Positive
48.65
Neutral
34.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBK, the sentiment is Neutral. The current price of 52.16 is below the 20-day moving average (MA) of 53.09, below the 50-day MA of 52.86, and below the 200-day MA of 54.50, indicating a bearish trend. The MACD of -0.47 indicates Positive momentum. The RSI at 48.65 is Neutral, neither overbought nor oversold. The STOCH value of 34.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $3.05B | 17.04 | 12.65% | 2.96% | 6.83% | 11.88% | |
71 Outperform | $3.51B | 13.08 | 9.16% | 4.00% | -2.88% | 5.03% | |
69 Neutral | $2.69B | 11.68 | 7.50% | 1.34% | 18.85% | -1.29% | |
68 Neutral | $2.98B | 22.99 | 5.40% | 2.25% | 18.20% | 2.62% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $3.19B | 18.57 | 6.38% | 3.04% | 13.97% | -15.75% | |
63 Neutral | $3.36B | 13.89 | 9.02% | 2.71% | -5.12% | 11.35% |
* Financial Sector Average
FBK
FB Financial
52.73
9.60
22.25%
BKU
BankUnited
46.29
13.01
39.08%
CVBF
Cvb Financial
20.30
2.01
11.01%
PRK
Park National
168.75
11.54
7.34%
SBCF
Seacoast Banking Of Florida
30.62
6.53
27.11%
TOWN
TowneBank
34.61
1.75
5.33%
FB Financial Corporate Events
Business Operations and StrategyFinancial Disclosures
FB Financial Highlights Non-GAAP Metrics, Customer Satisfaction Strength
Positive
May 13, 2026
On May 14, 2026, FB Financial’s management presented at the Wells Fargo financial services investor conference, using a second-quarter investor deck that emphasizes the company’s reliance on non-GAAP metrics to assess operating perform...
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...
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.