Quarterly ResultMay 4, 2026, 12:11 PM
FB Financial Q1 Net Income Jumps 46% to $57.5M; EPS $1.11
AI Summary
FB Financial Corporation reported strong first-quarter 2026 results, with net income increasing significantly year-over-year. The company's total assets and deposits also saw modest growth compared to the end of 2025. These results reflect the ongoing integration and benefits from the merger with Southern States Bancshares, Inc., completed in July 2025, which expanded the company's market presence.
Key Highlights
- Net income applicable to FB Financial Corporation increased 46.16% to $57.5 million in Q1 2026.
- Basic earnings per common share rose to $1.11 in Q1 2026 from $0.84 in Q1 2025.
- Total assets grew to $16.47 billion as of March 31, 2026, from $16.30 billion at December 31, 2025.
- Total deposits reached $14.08 billion as of March 31, 2026, compared to $13.91 billion at December 31, 2025.
- Net interest income for Q1 2026 was $146.0 million, up from $107.6 million in Q1 2025.
- The Southern States merger, completed July 1, 2025, added $2.83 billion in assets and $2.47 billion in deposits.
- Merger and integration costs for Q1 2026 were $1.45 million.
- Provision for credit losses on loans HFI increased to $3.82 million in Q1 2026 from $1.91 million in Q1 2025.