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FB Financial Corporation

FBK Financial Banks Regional

FB Financial Corporation’s revenue for fiscal 2025 (year ended December 2025) was $877.8 million, up 14.8% from fiscal 2024.

Revenue
−1.10%
EPS
+179.1%
Free cash flow
−58.9%

Quarter to September 2026, against a year earlier

54.34 1.37 −2.46%
Market cap
$2.7B
P/E
12.0×
Fwd P/E
11.6×
Dividend yield
1.51%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.54
Sold, $m 1.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — 1 —
Sell 1 1 — — — — — 1 — — — —
Insider Ownership 4.25%

Capital & Financial Ratios $m

Size
Market Cap 2,660.00
Revenue ttm 1,031.62
Net income ttm 233.37
Free cash flow ttm 176.12
Net debt Q (1,017.69)
Valuation
P/E 12.05
Forward P/E 11.60
Price / sales 2.63
Forward P/S Powerpack
Price / FCF 15.41
Price / book 1.40
Financial health
Current ratio Q 0.95
Debt / equity Q 0.00
Interest coverage Q —
Growth
Revenue growth Q −1.10% (below 0%: shrinking)
Operating income growth Q +68.70% (above 0%: growing)
EPS, this year +16.92% (at or above 15%: strong)
EPS, next year A +8.33%
Revenue, next year A −19.76% (below 0%: weak)
EPS, past 5 yrs +7.97%
EPS, next 5 yrs A +11.54%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 22.29%
10-year low 10-year high
P/S against its own 10 years 31.39%
10-year low 10-year high
P/B against its own 10 years 40.39%
10-year low 10-year high

Dividends raised every year since 2018

Yield
1.51%
Annual rate
0.82
Payout ratio
18.2%
Growth, 2018–26
+19.6%/yr
  1. 0.20 ’18
  2. 0.32 ’19 +60
  3. 0.36 ’20 +13
  4. 0.44 ’21 +22
  5. 0.52 ’22 +18
  6. 0.60 ’23 +15
  7. 0.68 ’24 +13
  8. 0.76 ’25 +12
  9. 0.84 ’26 +11
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 811 1,042 1,156 1,018
Receivables — — — —
Inventory — — — —
Other — — — —
10,190 10,669 13,613 14,319
2023 2024 2025 Q'26
Payables 10,548 11,210 13,910 14,666
ST’ Debt — — — —
Other — — — —
11,082 11,530 14,291 15,104

Compound Annual Growth %

10y 5y 3y
Sales 16.23% 7.32% 13.77%
Cash Flow 0.00% 0.00% (42.02%)
Earnings 9.87% 14.02% (0.52%)
Book Value 23.47% 8.57% 13.70%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 1.21 Actual 1.21

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 1.14 1.16 Beat by 0.02
Q1 FY26 1.13 1.12 Miss by 0.01
Q2 FY26 1.14 1.14 Met by 0.00
Q3 FY26 1.21 1.21 Met by 0.00
Q4 FY26 1.18 — Reports 20 January 2027

EPS $

Mar Jun Sep Dec Year
’26 1.10 1.13 1.20 — —
’25 0.84 0.06 0.43 1.07 2.45
’24 0.59 0.85 0.22 0.81 2.47
’23 0.78 0.75 0.41 0.63 2.57
’22 0.74 0.41 0.68 0.81 2.64
’21 1.10 0.90 0.94 1.02 3.97
’20 0.02 0.70 (0.14) 0.95 1.67
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 252 255 261 — —
’25 203 148 264 264 878
’24 184 203 169 208 765
’23 183 194 182 190 749
’22 137 143 151 165 596
’21 162 146 156 150 613
’20 112 147 178 179 616
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 31 75 20 — —
’25 (16) 72 48 53 156
’24 36 31 58 14 139
’23 98 8 30 74 211
’22 288 240 215 56 800
’21 (172) 97 34 96 55
’20 (102) (46) 6 (128) (270)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 30 75 19 — —
’25 (16) 69 46 53 151
’24 35 29 57 14 135
’23 89 6 27 71 193
’22 288 239 213 51 790
’21 (174) 98 30 95 49
’20 (103) (49) 8 (131) (276)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 265 311 370 418 616 613 596 749 765 878 1,032 +14.2% 704 748 800 (3.0%)
Gross margin, % 96.40 94.75 90.41 86.48 92.05 93.86 88.39 63.79 59.58 63.79 67.87 (32.6) pt
EBT 62 73 106 110 82 243 160 150 147 139 294 +9.3%
EBT margin, % 23.50 23.61 28.59 26.21 13.38 39.63 26.77 20.07 19.18 15.78 28.51 (7.7) pt
Net income 41 52 80 84 64 190 125 120 116 123 233 +13.1%
Per share, $
Per share, $ Revenue 13.84 11.26 12.07 13.54 16.39 12.93 12.65 16.01 16.36 17.65 20.66 +2.7%
Earnings 2.12 1.90 2.55 2.65 1.69 3.97 2.64 2.57 2.47 2.47 4.51 +1.7%
Cash flow (12.79) 1.36 6.92 2.07 (7.18) 1.16 16.97 4.51 2.97 3.13 3.59 n/m
Capex (0.25) (0.16) (0.29) (0.18) (0.16) (0.13) (0.21) (0.39) (0.09) (0.09) (0.06) (10.8%)
Free cash flow (13.04) 1.20 6.63 1.89 (7.33) 1.03 16.77 4.12 2.88 3.05 3.53 n/m
Book value 17.24 21.60 21.90 24.69 34.33 30.21 28.13 31.10 33.54 39.16 38.73 +9.5%
Shares, m 19 28 31 31 38 47 47 47 47 50 51 +11.2%
Valuation, ×
Valuation, × P/E 11.80 23.24 13.73 14.94 22.70 11.07 13.82 15.35 20.85 23.25 12.05 17.1
P/S 1.88 3.82 2.90 2.92 2.12 3.39 2.88 2.46 3.15 3.16 2.63 2.9
P/B 1.51 1.99 1.60 1.60 1.01 1.45 1.30 1.27 1.54 1.42 1.40 1.5
EV/Sales 1.54 3.89 2.94 2.70 0.21 0.69 1.39 1.57 1.97 2.00 — 1.9
EV/FCF (1.63) 36.60 5.35 19.34 (0.46) 8.61 1.05 6.09 11.16 11.61 — 9.8
Cash, $m
Cash, $m Operating cash flow (245) 38 212 64 (270) 55 800 211 139 156 179 n/m
Capex (5) (5) (9) (6) (6) (6) (10) (18) (4) (4) (3) (0.9%)
Free cash flow (250) 33 203 58 (276) 49 790 193 135 151 176 n/m
Balance, $m
Balance, $m Working capital (423) (329) (408) (436) (688) (1,051) (1,076) (892) (861) (678) (785) +5.4%
Net debt (91) (120) (125) (233) (1,318) (1,798) (1,027) (811) (1,042) (1,156) (1,018) +32.6%
Shareholders’ equity 330 597 672 762 1,291 1,433 1,326 1,455 1,568 1,948 1,934 +21.8%
Returns, %
Returns, % ROA 1.31 1.31 1.62 1.48 0.73 1.60 0.98 0.94 0.90 0.83 1.40 (0.5) pt
ROIC 18.37 12.12 12.29 13.56 0.00 0.00 36.02 14.59 17.46 12.80 20.48 (5.6) pt
ROE 14.31 11.30 12.58 11.63 6.20 13.97 9.03 8.65 7.68 6.98 11.93 (7.3) pt
People
People Employees 1,108 1,386 1,356 1,399 1,852 1,962 1,757 1,591 1,490 1,594 — +4.1%
Revenue/emp, $m 0.24 0.22 0.27 0.30 0.33 0.31 0.34 0.47 0.51 0.55 — +9.7%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

FB Financial Corporation vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CUBI Customers Bancorp, Inc $2.8B 9.9× 9.9× +2.67% (above 0%: growing) +2.19% (above 0%: growing) −34.56% (below 0%: shrinking) 59.54% 0.00% Compare
NBTB NBT Bancorp Inc. $2.8B 12.7× 12.4× +1.43% (above 0%: growing) +7.69% (above 0%: growing) +37.10% (above 0%: growing) 79.49% 0.00% Compare
BOH Bank of Hawaii Corporation $2.7B 12.0× 11.9× −0.66% (below 0%: shrinking) +35.07% (above 0%: growing) +211.82% (above 0%: growing) 73.11% 0.00% Compare
FBNC First Bancorp $2.7B 16.3× 13.5× +28.80% (above 0%: growing) +154.02% (above 0%: growing) +103.23% (above 0%: growing) 76.83% 0.00% Compare
FBK FB Financial Corporation $2.7B 12.0× 11.6× −1.10% (below 0%: shrinking) +179.07% (above 0%: growing) −58.85% (below 0%: shrinking) 66.94% 0.00%
TRMK Trustmark Corporation $2.6B 11.1× 11.0× +0.24% (above 0%: growing) +6.55% (above 0%: growing) +48.33% (above 0%: growing) 74.14% 0.00% Compare
BBT Beacon Financial Corporation $2.6B 11.4× 10.9× +42.19% (above 0%: growing) n/m +88.09% (above 0%: growing) 68.68% 0.00% Compare
FRME First Merchants Corporation $2.6B 12.7× 12.5× +12.85% (above 0%: growing) +11.22% (above 0%: growing) −10.46% (below 0%: shrinking) 65.93% 0.00% Compare
BANR Banner Corporation $2.6B 11.8× 11.7× +1.50% (above 0%: growing) −11.61% (below 0%: shrinking) −40.58% (below 0%: shrinking) 77.09% 0.00% Compare
Median of peers $2.6B 11.9× 11.8× +2.09% +7.69% +42.72% 73.63% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 6 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 3.77m 5.63m 169.00
2024 3.95m 5.63m 137.00
2023 2.96m 3.45m 106.00
2022 2.04m 1.20m 95.00
2021 2.68m 3.32m 113.00

Ownership

Directors and executive officers, together 2.00%
The Estate of James W. Ayers 13.60%
BlackRock, Inc. 11.50%
T. Rowe Price Associates, Inc 7.70%
The Vanguard Group 5.80%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

FB Financial Corporation (FBK) Latest News

22 Oct

Impact 3 · · Business Wire
Impact 3 · · Zacks

19 Oct

Impact 4 · · The Motley Fool
Impact 3 · · StockStory
Impact 3 · · Zacks
Impact 3 · · StockStory

15 Oct

Impact 3 · · Moby
Impact 3 · · MarketBeat

14 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · StockStory
Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

13 Oct

Impact 4 · · The Motley Fool transcript
Impact 4 · · MarketBeat transcript
Impact 3 · · The Motley Fool
Impact 3 · · StockStory
Impact 3 · · Moby transcript
Impact 3 · · Zacks
Impact 3 · · InvestorsHub
Impact 3 · · Investing.com
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Associated Press
Impact 3 · · Business Wire

12 Oct

Impact 3 · · StockStory

8 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

6 Oct

Impact 3 · · Zacks

24 Sep

Impact 3 · · StockStory

14 Sep

Impact 3 · · NYSE

FBK metrics, ten years each

stockrow.com/FBK · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com