FB Financial Corporation (FBK)

FB Financial Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	625.35	599.2	436.36	359.26	294.6	260.46
Interest Income on Investments	88.66	79.22	45.06	25.74	20.05	22.08
Total Interest Income	714	678.41	481.42	385	314.64	282.54
Interest Paid on Deposits	291.09	258.82	56.64	30.19	42.86	51.57
Interest Paid on Borrowings	13.71	12.37	12.55	7.44	6.13	4.93
Total Interest Expense	304.79	271.19	69.19	37.63	48.99	56.5
Net Interest Income	409.21	407.22	412.24	347.37	265.66	226.04
Net Interest Income Growth (YoY)	-1.78%	-1.22%	18.67%	30.76%	17.53%	10.77%
Mortgage Banking Activities	44.42	44.69	73.58	167.57	255.33	100.92
Gain (Loss) on Sale of Investments	-56.2	-13.97	-0.38	0.32	1.63	0.06
Other Non-Interest Income	32.04	27.7	29.68	47.51	37.23	24.4
Total Non-Interest Income	32.41	70.54	114.67	228.26	301.86	135.4
Non-Interest Income Growth (YoY)	-55.40%	-38.48%	-49.76%	-24.38%	122.94%	3.64%
Revenues Before Loan Losses	441.62	477.76	526.9	575.63	567.51	361.43
Provision for Loan Losses	5.23	2.54	18.98	-40.99	107.97	7.05
Revenue	436.4	475.22	507.92	616.62	459.55	354.38
Revenue Growth (YoY)	-10.49%	-6.44%	-17.63%	34.18%	29.68%	7.61%
Salaries and Employee Benefits	177.2	193.06	201.63	238.04	223.55	145
Occupancy Expenses	26.9	26.4	21.96	21.3	17.92	14.59
Amortization of Goodwill & Intangibles	3.1	3.66	4.59	5.47	5.32	4.34
Selling, General & Administrative	35.68	38.51	47.01	44.78	40.38	35.35
Other Non-Interest Expense	60.97	63.29	60.7	63.97	55.03	40.18
Total Non-Interest Expense	303.85	324.93	335.89	373.57	342.21	239.46
EBT Excluding Unusual Items	132.55	150.29	172.03	243.05	117.34	114.92
Other Unusual Items	-0.07	-	-	-	-	-
Pretax Income	132.47	150.29	159.57	243.05	82.46	109.54
Income Tax Expense	24.94	30.05	35	52.75	18.83	25.73
Earnings From Continuing Operations	107.53	120.24	124.57	190.3	63.63	83.81
Minority Interest in Earnings	-0.02	-0.02	-0.02	-0.02	-0.01	-
Net Income	107.52	120.22	124.56	190.29	63.62	83.81
Preferred Dividends & Other Adjustments	-	-	-	-	-	0.45
Net Income to Common	107.52	120.22	124.56	190.29	63.62	83.37
Net Income Growth	-16.65%	-3.48%	-34.54%	199.09%	-24.09%	4.46%
Basic Shares Outstanding	47	47	47	47	38	31
Diluted Shares Outstanding	47	47	47	48	38	31
Shares Change (YoY)	0.04%	-0.88%	-1.49%	25.87%	21.33%	0.28%
EPS (Basic)	2.30	2.57	2.64	4.01	1.69	2.70
EPS (Diluted)	2.30	2.57	2.64	3.97	1.67	2.65
EPS Growth	-16.47%	-2.65%	-33.50%	137.72%	-36.98%	3.92%
Dividend Per Share	0.660	0.600	0.520	0.440	0.360	0.320
Dividend Growth	13.79%	15.38%	18.18%	22.22%	12.50%	60.00%
Effective Tax Rate	18.83%	20.00%	21.94%	21.70%	22.84%	23.48%

Source: S&P Capital IQ. Banks template. Financial Sources.