FB Financial (FBK)

Company Profile

FB Financial Corporation is a bank holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered community bank, with 81 full-service bank branches across Tennessee, Kentucky, North Alabama and North Georgia, and mortgage offices across the Southeast. FirstBank serves five of the largest metropolitan markets in Tennessee and has approximately $11.2 billion in total assets.

Company profile

Ticker

FBK

Exchange

NYSE

Website

www.firstbankonline.com

CEO

Christopher Holmes

Incorporated

Tennessee

Location

Tennessee

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

State Commercial Banks

Bank Of New York Mellon • Citizens Financial • Ally Financial • Northern Trust • M & T Bank • Fifth Third Bancorp • Associated Banc-Corp. • SVB Financial • Commerce Bancshares • First Citizens Bancshares, Inc ...

Former names

First South Bancorp, Inc.

SEC CIK

0001649749

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

FirstBank Risk Management, Inc. ...

FBK stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Average target

$33.13

Low target

$29.00

High target

$35.00

Keefe, Bruyette & Woods

Latest filings (excl ownership)

View all

8-K

Submission of Matters to a Vote of Security Holders

23 May 23

8-K

Regulation FD Disclosure

8 May 23

Annual report to shareholders

25 Apr 23

8-K

FB Financial Corporation Reports First Quarter 2023 Results

17 Apr 23

DEFA14A

Additional proxy soliciting materials

3 Apr 23

24 Mar 23

Departure of Directors or Certain Officers

Transcripts

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FBK

Earnings call transcript

2023 Q1

18 Apr 23

FBK

Earnings call transcript

2022 Q4

17 Jan 23

FBK

Earnings call transcript

2022 Q3

18 Oct 22

FBK

Earnings call transcript

2022 Q2

19 Jul 22

FBK

Earnings call transcript

2022 Q1

19 Apr 22

FBK

Earnings call transcript

2021 Q4

18 Jan 22

FBK

Earnings call transcript

2021 Q3

19 Oct 21

FBK

Earnings call transcript

2021 Q2

20 Jul 21

FBK

Earnings call transcript

2021 Q1

27 Apr 21

FBK

Earnings call transcript

2020 Q4

26 Jan 21

Latest ownership filings

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Charles Wright Pinson

WILLIAM F CARPENTER III

Financial summary

Financial statements Chart FBK financial data

Quarter (USD)	Mar 23	Dec 22	Sep 22	Jun 22
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 22	Dec 21	Dec 20	Dec 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.32 bn	1.32 bn	1.32 bn	1.32 bn	1.32 bn	1.32 bn
Cash burn (monthly)	(no burn)	35.28 mm	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	n/a	76.91 mm	n/a	n/a	n/a	n/a
Cash remaining	n/a	1.24 bn	n/a	n/a	n/a	n/a
Runway (months of cash)	n/a	35.2	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q1 2023

FBK institutional ownership history Ownership history

62.9% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	160	171	-6.4%
Opened positions	14	26	-46.2%
Closed positions	25	22	+13.6%
Increased positions	49	54	-9.3%
Reduced positions	66	62	+6.5%

13F shares	Current	Prev Q	Change
Total value	909.18 bn	997.53 bn	-8.9%
Total shares	29.41 mm	29.83 mm	-1.4%
Total puts	0.00	2.40 k	EXIT
Total calls	74.80 k	109.10 k	-31.4%
Total put/call ratio	–	0.0	–

Largest owners	Shares	Value	Change
BLK Blackrock	6.22 mm	$193.27 bn	-3.3%
T. Rowe Price Investment Management	4.83 mm	$150.22 bn	-6.5%
Vanguard	2.51 mm	$78.15 bn	+4.7%
Dimensional Fund Advisors	1.61 mm	$49.93 bn	+7.5%
STT State Street	1.47 mm	$45.69 bn	+4.6%
Wasatch Advisors	1.08 mm	$33.48 bn	-3.5%
Cardinal Capital Management	902.42 k	$28.05 bn	-5.8%
JHG Janus Henderson	862.35 k	$26.80 bn	+0.5%
GS Goldman Sachs	768.48 k	$23.88 bn	-1.7%
Geode Capital Management	673.47 k	$20.93 bn	+3.4%

Largest transactions	Shares	Bought/sold	Change
T. Rowe Price Investment Management	4.83 mm	-337.25 k	-6.5%
BLK Blackrock	6.22 mm	-214.54 k	-3.3%
Vanguard	2.51 mm	+112.11 k	+4.7%
Dimensional Fund Advisors	1.61 mm	+111.87 k	+7.5%
Bridgeway Capital Management	176.19 k	+92.89 k	+111.5%
Kennedy Capital Management	0.00	-89.08 k	EXIT
STT State Street	1.47 mm	+64.08 k	+4.6%
Cardinal Capital Management	902.42 k	-55.60 k	-5.8%
Penn Capital Management	379.37 k	-38.66 k	-9.2%
Wasatch Advisors	1.08 mm	-38.65 k	-3.5%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

FBK insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
30 May 23	Ayers James W.	Common Stock	Buy	Acquire P	No	No	27.63	10,000	276.30 k	10,806,091
19 May 23	Ingram Orrin H Ii	Common Stock	Grant	Acquire A	No	No	0	1,833	0.00	86,935
19 May 23	James W Iv Cross	Common Stock	Grant	Acquire A	No	No	0	1,833	0.00	57,471
19 May 23	Carpenter William F Iii	Common Stock	Grant	Acquire A	No	No	0	1,833	0.00	16,116
19 May 23	Ayers J. Jonathan	Common Stock	Grant	Acquire A	No	No	0	1,833	0.00	16,085