FB Financial (FBK) AI Stock Analysis

• Market Cap: $3.19B
• Dividend Yield: 1.34%
• Average Volume (3M): 304.49K
• Price to Earnings (P/E): 27.8
• Beta (1Y): 0.95
• 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: 250,104
• 30 Day Avg. Volume: 304,491
• 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: 0.58
• Enterprise Value/Revenue: 1.87
• Enterprise Value/Gross Profit: 3.36
• Enterprise Value/Ebitda: 12.81
• 1Y Price Target: $47.18
• Price Target Upside: -20.89% Downside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 4.71
• Revenue Forecast (FY): $732.50M

• Rating: 71 Outperform
• Price Target: $64.00 ▲(7.31% Upside)

The score is driven primarily by solid financial health (strong revenue momentum, conservative leverage, positive free cash flow) but tempered by weaker profitability/ROE and uneven cash conversion. Technicals are supportive with an uptrend and moderate momentum. Valuation is the main constraint due to a high P/E and modest dividend yield, while the earnings call adds support given successful integration execution and constructive guidance despite provisioning and deposit-growth headwinds.

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 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 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	993.47M	766.77M	748.98M	596.35M	613.25M	616.50M
Gross Profit	552.43M	445.74M	475.25M	508.19M	616.62M	459.55M
EBITDA	144.81M	161.58M	165.13M	172.18M	256.94M	95.32M
Net Income	113.75M	116.03M	120.22M	124.56M	190.28M	63.62M
Balance Sheet
Total Assets	16.24B	13.16B	12.60B	12.85B	12.60B	11.21B
Cash, Cash Equivalents and Short-Term Investments	2.71B	1.74B	1.71B	2.29B	3.35B	2.37B
Total Debt	276.30M	246.55M	468.35M	494.99M	226.52M	299.69M
Total Liabilities	14.26B	11.59B	11.15B	11.52B	11.16B	9.92B
Stockholders Equity	1.98B	1.57B	1.45B	1.33B	1.43B	1.29B
Cash Flow
Free Cash Flow	165.06M	132.25M	190.84M	789.08M	48.78M	-275.94M
Operating Cash Flow	174.96M	138.80M	211.07M	799.71M	54.88M	-270.00M
Investing Cash Flow	-228.49M	-294.00M	-55.22M	-1.75B	-849.56M	309.42M
Financing Cash Flow	532.66M	386.76M	-371.98M	184.10M	1.27B	1.05B

FB Financial Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 59.64
• 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 59.64 is above the 20-day moving average (MA) of 57.49, above the 50-day MA of 56.48, and above the 200-day MA of 50.35, indicating a bullish trend. The MACD of 0.76 indicates Negative momentum. The RSI at 60.77 is Neutral, neither overbought nor oversold. The STOCH value of 87.35 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	$3.54B	13.30	9.04%	2.71%	-5.44%	45.47%
PRK	73 Outperform	$2.60B	14.90	13.69%	2.96%	6.29%	28.28%
CVBF	72 Outperform	$2.70B	13.50	9.10%	4.00%	-8.43%	3.75%
FBK	71 Outperform	$3.19B	27.85	5.85%	1.34%	10.50%	-6.22%
TOWN	70 Outperform	$3.24B	15.63	7.37%	3.04%	9.48%	12.83%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SBCF	62 Neutral	$3.31B	20.08	6.33%	2.25%	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.

The most recent analyst rating on (FBK) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on FB Financial stock, see the FBK Stock Forecast page.

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.

The most recent analyst rating on (FBK) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on FB Financial stock, see the FBK Stock Forecast page.

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.

The most recent analyst rating on (FBK) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on FB Financial stock, see the FBK Stock Forecast page.

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.

The most recent analyst rating on (FBK) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on FB Financial stock, see the FBK Stock Forecast page.