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Stock impact report

FB Financial Corporation Reports Third Quarter 2024 Financial Results [Yahoo! Finance]

FB Financial Corporation (FBK) 
Last fb financial corporation earnings: 4/27 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investors.firstbankonline.com
Company Research Source: Yahoo! Finance
The Company ended the third quarter with loans held for investment ("HFI") of $9.48 billion compared to $9.31 billion at the end of the previous quarter, a 7.20% annualized increase, and $9.29 billion at the end of the third quarter of last year, a 2.06% increase. Deposits were $10.98 billion as of September 30, 2024, compared to $10.47 billion as of June 30, 2024, and $10.64 billion as of September 30, 2023. Net interest margin ("NIM") was 3.55% for the third quarter of 2024, compared to 3.57% in the prior quarter and 3.42% in the third quarter of 2023. The Company ended the quarter with book value per common share of $33.48 and tangible book value per common share* of $28.15, which represents a 19.7% annualized increase from the previous quarter. President and Chief Executive Officer, Christopher T. Holmes stated, "The Company continues enhancing an already strong balance sheet to provide security and the platform for further growth. Our loan and deposit growth was encouraging du Show less Read more
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