FB Financial (FBK) 8-K FB Financial Corporation Reports 2017 Fourth Quarter and Year End Results

Exhibit 99.3

 Fourth Quarter and Year End 2017 Earnings Presentation  January 23, 2018 

 This presentation contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements through the Company’s use of words such as “believes,” “anticipates,” “expects,” “may,” “will,” “assumes,” “should,” “predicts,” “could,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential,” “confident,” “future” and other similar words and expressions of the future or otherwise regarding the outlook for the Company’s future business and financial performance, including, without limitation, the impact of the 2017 Tax Cuts and Jobs Act on the Company and its operations and financial results, the performance of the banking and mortgage industry and the economy in general and the benefits, cost, synergies and financial impact of the Company’s acquisition of the Clayton Banks. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this Earnings Release including, without limitation, the risks and other factors set forth in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 31, 2017 under the captions “Cautionary note regarding forward-looking statements” and “Risk factors.” Many of these factors are beyond the Company’s ability to control or predict. The Company believes the forward-looking statements contained herein are reasonable; however, undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. The Company does not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law.  Forward looking statements 

 Use of non-GAAP financial measures  This presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non‐GAAP financial measures include, without limitation, pro forma core net income, pro forma core income tax expense, pro forma core diluted earnings per share, core noninterest expense and core noninterest income, core efficiency ratio (tax equivalent basis), Banking segment core efficiency ratio (tax equivalent basis), Mortgage segment core efficiency ratio (tax equivalent basis), pro forma core return on average assets and equity and pro forma core total revenue.  Each of these non-GAAP metrics excludes certain income and expense items that the Company’s management considers to be non‐core in nature. The Company refers to these non‐GAAP measures as core measures. This Earnings Release also presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common equity, pro forma return on average tangible common equity and pro forma core return on average tangible common equity.  Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles.The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrating the effects of significant non-core gains and charges in the current and prior periods. The Company’s management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company’s underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and other intangibles, and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company’s results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. You should understand how such other banking organizations calculate their financial measures similar or with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures. The following tables provide a reconciliation of these measures to the most directly comparable GAAP financial measures. 

      Three months endedDecember 31, 2017      Non-GAAP Core results1  Reported GAAP results  Diluted earnings per share  $0.60  $0.74  Net income ($million)  $18.7  $23.0  Net interest margin   4.35%  4.63%  Return on average assets   1.59%  1.96%  Return on average equity  12.8%  15.8%  Return on average tangible common equity  17.4%  21.4%  Efficiency ratio  63.6%  66.9%  4Q 2017 and full-year 2017 highlights  Key highlights  Financial results  1 Core results are non-GAAP financial measures that adjust GAAP reported net income and other metrics for non-core income and expense items as outlined in the non-GAAP reconciliation calculations, using a combined marginal income tax rate of 39.225% excluding one-time items. See “Use of non-GAAP financial measures” and the Appendix hereto.2 Excludes accretion from acquired / purchased loans and collection of interest income on nonaccrual loans.  Core EPS of $0.60 and $2.14, driven by core ROAA of 1.59% and 1.56% for 4Q 2017 and 2017, respectivelyLoans (HFI) grew to $3.17 billion, a 71.3% increase from 4Q 2016; organic loans grew 13.9% from 4Q 2016 and 6.7% annualized from 3Q 2017Total deposits grew to $3.66 billion, a 37.2% increase from 4Q 2016; organic customer deposits grew 2.0% from 4Q 2016 and declined 3.9% annualized from 3Q 2017Continued customer-focused balance sheet growth resulting in a net interest margin of 4.63% for 4Q 2017 and 4.46% for 2017Banking Segment core efficiency ratio1 improved to 55.6% in 4Q 2017, down from 56.2% in 3Q 2017Mortgage banking revenue of $30.3 million, a 15.7% increase from 4Q 2016, driven by interest rate lock commitment (IRLC) volume of $1.8 billion for the quarter, up 24.0% from 4Q 2016Income tax benefit of $5.9 million in 4Q 2017 due to revaluation of recorded deferred tax liability; 2018 expected effective tax rate of 24.5% - 25.5%  2 

     Consistently delivering balanced profitability and growth  Drivers of profitability  Core pro forma return on average assets1 ($million)  Net interest margin  Noninterest income ($mn)      Loans / deposits  1 Our pro forma net income includes a pro forma provision for federal income taxes using a combined effective income tax rate of 35.63%, 35.08% and 36.75% for the years ended December 31, 2014, 2015 and 2016, respectively, and also includes the exclusion of a one-time tax charge in 3Q 2016. The years ended December 31 2014, 2015, 2016 and 2017 are annual percentages.   +64 bps    NPLs (HFI) / loans (HFI) (%)   

 Peer-leading net interest margin remains strong  Historical yield and costs  1 Includes tax-equivalent adjustment  NIM (%)  3.99%   4.28%   4.19%   4.61%   4.63%     NIM, ex-accretion and nonaccrual interest collections (%)   3.90%  4.04%  4.03%  4.33%  4.35%    Deposit cost (%)   0.29%  0.32%  0.34%  0.46%  0.50%    Loan (HFI) yield    4Q 2016  3Q 2017  4Q 2017  Contractual interest rate on loans HFI1  4.71%  5.08%  5.20%  Origination and other loan fee income  0.41%  0.38%  0.26%    5.12%  5.46%  5.46%  Nonaccrual interest collections  0.07%  0.16%  0.15%  Accretion on purchased loans  0.08%  0.23%  0.24%  Syndication fee income  --  0.05%  0.03%  Total loan yield (HFI)  5.27%  5.90%  5.88%         

     Consistent loan growth and balanced portfolio  Total loan growth1 ($million) and commercial real estate concentration  Loan portfolio breakdown1    4Q 2012  4Q 2017  Total HFI loans: $3,167 million  1 Exclude HFS loans, C&I includes owner-occupied CRE2 Risk-based capital at FirstBank as defined in Call Report. 4Q 2017 calculation is preliminary and subject to change.3 Excludes owner-occupied CRE    Commercial real estate (CRE) concentrations2  % of Risk-Based Capital      4Q 2016  4Q 2017(preliminary)  C&D loans subject to 100% risk-based capital threshold3  81%  96%  Total CRE loans subject to 300% risk-based capital threshold3  185%  228% 

 Stable, low cost core deposit franchise    Total deposits ($million)  1 Includes mortgage servicing-related escrow deposits of $46.7 million, $43.7 million, $49.9 million, $56.8 million and $53.7 million for the quarters ended December 31, 2016, March 31, 2017, June 30, 2017, September 30, 2017 and December 31, 2017 respectively.  Noninterest bearing deposits ($million)1  Growth: 27.4% y/y  Deposit composition  Cost of deposits      Customer growth: 34.0% y/y  Organic customer growth: 2.0% y/y   

 $29.5  $29.6  $29.6  ($7.1)  ($0.8)  ($3.3)  $3.8  $3.5  $4.2  $ --  ($0.9)  ($0.2)  $26.2  $31.3  $30.3  Mortgage banking continues to execute across channels  2017 Mortgage Segment pre-tax core contribution of $16.8 millionTypical seasonal weakness offset by higher than expected Consumer Direct volumes and strength in retail and reverse channelsMortgage banking income $30.3 million, up 15.7% from 4Q 2016IRLC volume of $1.8 billion during 4Q 2017 from $1.5 billion during 4Q 2016Continuing to create operational leverage and refine efficiencies as business model develops, focusing on overall direct contribution  Highlights  Note: Values by channel in dollars are included on page 8 of the Quarterly Financial Supplement for IRLC volume, IRLC pipeline and Mortgage sales.    Gain on Sale    IRLC volume mix by purpose (%)  IRLC volume by line of business (%)    Consumer Direct  Correspondent  Third party originated  Retail   Retail footprint            Refinance   Purchase         4Q 2016   3Q 2017  4Q 2017  $1,463mn  $2,001mn  $1,814mn  IRLC volume:  IRLC pipeline:  $533mn  $541mn  $504mn    Fair value changes     Fair value MSR change  Mortgage banking income ($million)    Total   Servicing Revenue 

 Improving operating leverage remains a key objective  Consolidated 4Q 2017 core efficiency ratio of 63.6% driven by Banking Segment core efficiency ratio of 55.6%, approaching our target level of sub-55% Conversion of Clayton Banks core systems on December 1; expect 1Q 2018 to be the first quarter with cost savings fully phased-inBank’s investment in IT systems, including a new core system, created a scalable platform designed to drive and support growth across marketsContinuing to refine mortgage banking with operational efficiency improvements while maintaining contribution   Core efficiency ratio (tax-equivalent basis)1  Improving operating efficiency  1 See “Use of non-GAAP financial measures” and the Appendix hereto. 

 Asset quality remains strong    Classified & PCI loans ($million)  Net charge-offs / average loans  Nonperforming ratios  LLR / loans              1 Includes $5.9 million of acquired excess land and facilities at December 31, 2017 and $43.0 million of GNMA rebooked loans – see page 11 of the Quarterly Financial Supplement.   1 

     Strong capital position for future growth  1 Total regulatory capital, FB Financial Corporation. 4Q 2017 calculation is preliminary and subject to change.2 See “Use of non-GAAP financial measures” and the Appendix hereto.  Capital position  Simple capital structure     4Q 2016  3Q 2017  4Q 20171  Shareholder’s equity / Assets  10.1%  12.5%  12.6%  TCE / TA2  8.7%  9.5%  9.7%  Common equity tier 1 / Risk-weighted assets  11.0%  10.8%  10.7%  Tier 1 capital / Risk-weighted assets  12.2%  11.6%  11.4%  Total capital / Risk-weighted assets  13.0%  12.2%  12.0%  Tier 1 capital / Average assets  10.1%  11.4%  10.5%      Tangible book value per share  Growth: 26.0% since IPO (September 2016) 

    Appendix 

 GAAP reconciliation and use of non-GAAP financial measures  Core net income    (Dollars in thousands)     2017                 2016    Core net income     Fourth Quarter     Third Quarter     Second Quarter     First Quarter     Fourth Quarter     Pre-tax net income      $ 27,504       $ 12,990       $ 17,813       $ 15,178       $ 13,797      Non-core items:                                   Noninterest income                                     Less change in fair value on mortgage servicing rights, net      (190)      (893)      (1,840)      (501)      -       Less gain from securities, net      1       254       29       1       -       Less (loss) gain on sales or write-downs of other real estate owned and other assets      (386)      (314)      62       748       (349)     Noninterest expenses                                   Plus variable compensation charge related to cash settled equity awards      -       -       -       635       1,041      Plus merger and conversion      2,069       15,711       767       487       -      Plus (recovery of) impairment of mortgage servicing rights      -       -       -       -       (3,411)     Plus loss on sale of mortgage servicing rights      -       -       249       -       4,447      Pre tax core net income       $ 30,148       $ 29,654       $ 20,578       $ 16,052       $ 16,223      Core income tax expense      11,471       11,138       7,659       5,768       5,739      Core net income       $ 18,677       $ 18,516       $ 12,919       $ 10,284       $ 10,484      Weighted average common shares outstanding fully diluted      31,166,080       30,604,537       26,301,458       24,610,991       24,500,943                                                                              Core diluted earnings per share                                   Diluted earning per share      $ 0.74       $ 0.27       $ 0.43       $ 0.40       $ 0.37      Non-core items:                                   Noninterest income                                    Less change in fair value on mortgage servicing rights      (0.01)      (0.03)      (0.07)      (0.02)      -       Less gain from securities, net      0.00       0.01       0.00       0.00       0.00       Less (loss) gain on sales or write-downs of other real estate owned and other assets      (0.01)      (0.01)      0.00       0.03       (0.01)                                         Noninterest expenses                                   Plus variable compensation charge related to cash settled equity awards      -       -       -       0.03       0.04      Plus merger and conversion      0.07       0.51       0.03       0.02       -      Plus (recovery of) impairment of mortgage servicing rights      -       -       -       -       (0.14)     Plus loss on sale of mortgage servicing rights      -       -       0.01       -       0.18      Tax effect       (0.2)      (0.2)      (0.0)      (0.01)      (0.04)     Core diluted earnings per share      $ 0.60       $ 0.60       $ 0.49       $ 0.42       $ 0.43     

 GAAP reconciliation and use of non-GAAP financial measures  Pro forma core net income  (Dollars in thousands)                                   Pro forma core net income           YTD 2017     2016     2015     2014     Pre-tax net income           $ 73,485       $ 62,324       $ 50,824       $ 34,731      Non-core items:                                   Noninterest income                                     Less change in fair value on mortgage servicing rights, net            (3,424)      -       -       -       Less gain from securities, net            285       4,407       1,844       2,000       Less (loss) gain on sales or write-downs of other real estate owned and other assets            110       1,179       (710)      151      Noninterest expenses                                   Plus one-time equity grants            -       2,960       -       3,000      Plus variable compensation charge related to cash settled equity awards            635       1,254       -       -      Plus merger and conversion            19,034       3,268       3,543       -      Plus (recovery of) impairment of mortgage servicing rights            -       4,678       194       -      Plus loss on sale of mortgage servicing rights            249       4,447       -       -      Pre tax core net income             $ 96,432       $ 73,345       $ 53,427       $ 35,580      Pro forma core income tax expense            36,036       27,225       18,850       12,708      Pro forma core net income             $ 60,396       $ 46,120       $ 34,577       $ 22,872      Weighted average common shares outstanding fully diluted            28,207,602       19,312,174       17,180,000       17,180,000                                         Pro forma core diluted earnings per share                                   Diluted earning per share            $ 1.86       $ 2.04       $ 2.79       $ 1.89      Non-core items:                                   Noninterest income                                    Less change in fair value on mortgage servicing rights            (0.13)      -       -       -       Less gain from securities, net            0.01       0.23       0.11       0.12       Less (loss) gain on sales or write-downs of other real estate owned and other assets            0.01       0.06       (0.04)      0.01                                          Noninterest expenses                                   Plus one-time equity grants            -       0.15       -       0.17      Plus variable compensation charge related to cash settled equity awards            0.03       0.06       -       -      Plus merger and conversion            0.63       0.17       0.21       -      Plus (recovery of) impairment of mortgage servicing rights            -       0.24       0.01       -      Plus loss on sale of mortgage servicing rights            0.01       0.23       -       -      Tax effect             (0.5)      (0.2)      (0.9)      2.07      Pro forma core diluted earnings per share            $ 2.14       $ 2.39       $ 2.01       $ 1.33     

 GAAP reconciliation and use of non-GAAP financial measures  Tax-equivalent efficiency ratio  (Dollars in thousands)     2017                 2016    Core efficiency ratio (tax-equivalent basis)     Fourth Quarter     Third Quarter     Second Quarter     First Quarter     Fourth Quarter     Total noninterest expense      $ 57,540       $ 69,224       $ 49,136       $ 46,417       $ 47,319      Less variable compensation charge related to cash settled equity awards      -       -       -       635       1,041      Less merger and conversion expenses      2,069       15,711       767       487       -      Less (recovery of) impairment of mortgage servicing rights      -       -       -       -       (3,411)     Less loss on sale of mortgage servicing rights      -       -       249       -       4,447      Core noninterest expense      $ 55,471       $ 53,513       $ 48,120       $ 45,295       $ 45,242      Net interest income (tax-equivalent basis)      49,692       44,281       31,158       30,963       29,686      Total noninterest income      37,017       37,820       35,657       31,087       31,332      Less change in fair value on mortgage servicing rights      (190)      (893)      (1,840)      (501)      -      Less gain on sales or write-downs of other real estate owned and other assets      (386)      (314)      62       748       (349)     Less gain on sales of securities, net      1       254       29       1       -      Core noninterest income      37,592       38,773       37,406       30,839       31,681      Core revenue      $ 87,284       $ 83,054       $ 68,564       $ 61,802       $ 61,367      Efficiency ratio (GAAP)(1)     66.91%     85.01%     74.35%     75.67%     78.39%     Core efficiency ratio (tax-equivalent basis)     63.55%     64.43%     70.18%     73.29%     73.72%                             (1) Efficiency ratio (GAAP) is calculated by dividing non-interest expense by total revenue                       

 GAAP reconciliation and use of non-GAAP financial measures  Segment tax-equivalent efficiency ratio    (Dollars in thousands)     2017                 2016    Banking segment core efficiency ratio (tax equivalent)     Fourth Quarter     Third Quarter     Second Quarter     First Quarter     Fourth Quarter     Core consolidated noninterest expense      $ 55,471       $ 53,513       $ 48,120       $ 45,295       $ 45,242      Less Mortgage segment noninterest expense      20,117       19,510       19,802       17,670       22,256      Add (recovery of) impairment of mortgage servicing rights      -       -       -       -       (3,411)     Add loss on sale of mortgage servicing rights      -       -       249       -       4,447      Adjusted Banking segment noninterest expense      35,354       34,003       28,567       27,625       24,022      Adjusted core revenue      87,284       83,054       68,564       61,802       61,367      Less Mortgage segment noninterest income       23,825       23,588       23,121       19,414       22,975      Less change in fair value on mortgage servicing rights      (190)      (893)      (1,840)      (501)      -      Adjusted Banking segment total revenue      $ 63,649       $ 60,359       $ 47,283       $ 42,889       $ 38,392      Banking segment core efficiency ratio (tax-equivalent basis)     55.55%     56.33%     60.42%     64.41%     62.57%                                         Mortgage segment core efficiency ratio (tax equivalent)                                   Consolidated noninterest expense      $ 57,540       $ 69,224       $ 49,136       $ 46,417       $ 47,319      Less (recovery of) impairment of mortgage servicing rights      -       -       -       -       (3,411)     Less loss on sale of mortgage servicing rights      -       -       249       -       4,447      Less Banking segment noninterest expense      37,423       49,714       29,334       28,747       25,030      Adjusted Mortgage segment noninterest expense      $ 20,117       $ 19,510       $ 19,553       $ 17,670       $ 21,253      Total noninterest income      37,017       37,820       35,657       31,087       31,332      Less Banking segment noninterest income       13,192       14,232       12,536       11,673       8,357      Less change in fair value on mortgage servicing rights      (190)      (893)      (1,840)      (501)      -      Adjusted Mortgage segment total revenue      $ 24,015       $ 24,481       $ 24,961       $ 19,915       $ 22,975      Mortgage segment core efficiency ratio (tax-equivalent basis)     83.77%     79.69%     78.33%     88.73%     92.50%    

 GAAP reconciliation and use of non-GAAP financial measures  Tangible assets and equity  Return on average tangible equity    (Dollars in thousands)     2017                 2016    Tangible assets and equity     Fourth Quarter     Third Quarter     Second Quarter     First Quarter     Fourth Quarter     Tangible Assets                                   Total assets      $ 4,727,713       $ 4,581,943       $ 3,346,570       $ 3,166,459       $ 3,276,881      Less goodwill      137,190       138,910       46,867       46,867       46,867      Less intangibles, net      14,902       12,550       4,048       4,171       4,563      Tangible assets      $ 4,575,621       $ 4,430,483       $ 3,295,655       $ 3,115,421       $ 3,255,451      Tangible Common Equity                                   Total shareholders' equity      $ 596,729       $ 572,528       $ 509,517       $ 342,142       $ 330,498      Less goodwill      137,190       138,910       46,867       46,867       46,867      Less intangibles, net      14,902       12,550       4,048       4,171       4,563      Tangible common equity      $ 444,637       $ 421,068       $ 458,602       $ 291,104       $ 279,068      Common shares outstanding      30,535,517       30,526,592       28,968,160       24,154,323       24,107,660      Book value per common share      $ 19.54       $ 18.75       $ 17.59       $ 14.16       $ 13.71      Tangible book value per common share       $ 14.56       $ 13.79       $ 15.83       $ 12.05       $ 11.58      Total shareholders' equity to total assets     12.62%     12.50%     15.23%     10.81%     10.09%     Tangible common equity to tangible assets     9.72%     9.50%     13.92%     9.34%     8.65%     Net income      $ 23,018       $ 8,388       $ 11,239       $ 9,753       $ 9,010      Return on tangible common equity     20.54%     7.90%     9.83%     13.59%     12.84%     (Dollars in thousands)     2017                 2016    Return on average tangible common equity     Fourth Quarter     Third Quarter     Second Quarter     First Quarter     Fourth Quarter     Total average shareholders' equity      $ 578,856       $ 550,409       $ 398,805       $ 333,178       $ 318,986      Less average goodwill      138,093       108,220       46,839       46,839       46,839      Less intangibles, net      13,726       9,983       4,124       4,353       4,694      Average tangible common equity      $ 427,037       $ 432,206       $ 347,842       $ 281,986       $ 267,453      Net income      $ 23,018       $ 8,388       $ 11,239       $ 9,753       $ 9,010      Return on average tangible common equity     21.38%     7.70%     12.96%     14.03%     13.40%    

 GAAP reconciliation and use of non-GAAP financial measures    Core return on average tangible equity  Core return on average assets and equity  (Dollars in thousands)     2017                 2016    Core return on average tangible equity     Fourth Quarter     Third Quarter     Second Quarter     First Quarter     Fourth Quarter     Pre-tax net income       $ 27,504       $ 12,990       $ 17,813       $ 15,178       $ 13,797      Adjustments:                                   Add non-core items      2,644       16,664       2,765       874       2,426       Less core income tax expense      11,471       11,138       7,659       5,768       5,739      Core net income      $ 18,677       $ 18,516       $ 12,919       $ 10,284       $ 10,484      Core return on average tangible common equity     17.35%     17.00%     14.90%     14.79%     15.60%     (Dollars in thousands)     2017                 2016    Core return on average assets and equity     Fourth Quarter     Third Quarter     Second Quarter     First Quarter     Fourth Quarter      Net income      $ 23,018       $ 8,388       $ 11,239       $ 9,753       $ 9,010       Average assets      4,664,669       4,162,478       3,224,783       3,172,149       3,206,398       Average equity      578,856       550,409       398,805       333,178       318,986      Return on average assets     1.96%     80.00%     1.40%     1.25%     1.12%     Return on average equity     15.78%     6.05%     11.30%     11.87%     11.24%      Core net income      18,677       18,516       12,919       10,284       10,484      Core return on average assets     1.59%     1.76%     1.61%     1.31%     1.30%     Core return on average equity     12.80%     13.35%     12.99%     12.52%     13.08%    

 GAAP reconciliation and use of non-GAAP financial measures  Pro forma core return on average assets and equity    Core total revenue  (Dollars in thousands)     2017                 2016    Core total revenue     Fourth Quarter     Third Quarter     Second Quarter     First Quarter     Fourth Quarter     Net interest income      $ 48,983       $ 43,610       $ 30,427       $ 30,251       $ 29,032      Noninterest income      37,017       37,820       35,657       31,087       31,332      Less adjustments:                                    Change in fair value of mortgage servicing rights      (190)      (893)      (1,840)      (501)      -       Gain from securities, net      1       254       29       1       -       (Loss) gain on sales or write-downs of other real estate owned and other assets      (386)      (314)      62       748       (349)     Core total revenue      $ 86,575       $ 82,383       $ 67,833       $ 61,090       $ 60,713     

 GAAP reconciliation and use of non-GAAP financial measures  Business mix by core, pre-tax contribution  (Dollars in thousands)     2017                 2016    Business mix by core, pre-tax contribution     Fourth Quarter     Third Quarter     Second Quarter     First Quarter     Fourth Quarter     Pre-tax net income      $ 27,504       $ 12,990       $ 17,813       $ 15,178       $ 13,797     Pre-tax Mortgage segment contribution      3,269       3,948       3,747       2,139       759       Less change in fair value on mortgage servicing rights      (190)      (893)      (1,840)      (501)      -       Plus (recovery of) impairment of mortgage servicing rights      -       -       -       -       (3,411)      Plus loss on sale of mortgage servicing rights      -       -       249       -       4,447      Pre-tax core Mortgage segment contribution      3,459       4,841       5,836       2,640       1,795     Pre-tax Mortgage segment mix     11.89%     30.39%     21.04%     14.09%     5.50%     Pre-tax core net income      $ 30,148       $ 29,654       $ 20,578       $ 16,052       $ 16,223      Pre-tax core Mortgage segment mix     11.47%     16.32%     28.36%     16.45%     11.06%     Pre-tax Banking segment mix     88.11%     69.61%     78.96%     85.91%     94.50%     Pre-tax core Banking segment mix     88.53%     83.68%     71.64%     83.55%     88.94%