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FB Financial (FBK) investor relations material
FB Financial Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Oct, 2025
Executive summary
Completed merger with Southern States Bancshares, adding $2.83B in assets, $2.27B in loans, and $2.47B in deposits, with full systems conversion by September 2, 2025; this is the first quarter reporting as a combined entity.
Reported Q3 2025 net income of $23.4 million ($0.43 per diluted share), up from $0.22 in Q3 2024; adjusted net income was $57.6 million ($1.07 per share).
Net interest margin expanded to 3.95%, with tangible book value per share at $29.83 and book value per share at $37.00.
Deal synergies are ahead of schedule, with 100% expected by January 2026.
All clients and team members are now operating under a unified brand.
Financial highlights
Net interest income rose to $148.1 million, up 32.2% sequentially and 38.9% year-over-year, driven by the merger and organic loan growth.
Net income for the quarter was $23.4 million reported, or $57.6 million adjusted, excluding $44 million in pre-tax merger-related provision and integration expenses.
Noninterest expense was $109.9 million, or $93.5 million adjusted, including $16.1 million in merger costs.
Allowance for credit losses on loans HFI was $185 million (1.50% of loans HFI); net charge-offs were 0.05% of average loans.
Efficiency ratio improved to 53.3% on an adjusted basis.
Outlook and guidance
Net interest margin expected at 3.80%–3.90% for Q4 2025 and into 2026, assuming two rate cuts.
Full-year 2025 banking expenses guided at $290–$300 million; 2026 expected at $325–$335 million, with efficiency ratio near 50% by year-end 2026.
Loan and deposit growth for Q4 2025 guided to mid-to-high single digits; 2026 expected to return to high single-digit to low double-digit organic growth.
2026 EPS accretion projected at ~12%, with tangible book value per share dilution expected to be less than 4% and earn-back in under two years.
Management expects to build on current momentum into Q4, focusing on growth, profitability, and capital management.
Organic deposit trend post-merger?
NIM accretion impact sustainability?
Acquired loan portfolio credit risk?
Detail market disruption growth strategy
Capital deployment strategy for 2026
Key drivers of NIM sustainability into 2026?
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Next FB Financial earnings date
Q4 202520 Jan, 2026
Next FB Financial earnings date
Q4 202520 Jan, 2026
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FB Financial Corporation is a bank holding company offering a range of banking services to individuals, businesses, and governmental entities. Its services include commercial and consumer banking, mortgage lending, and wealth management. FB Financial operates within the financial services sector, with a focus on regional banking. The company is headquartered in Nashville, Tennessee, and its shares are listed on the NYSE.
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