FB Financial (FBK) investor relations material

Executive summary

• Q2 2026 net income was $58.6 million, with adjusted net income of $58.9 million and diluted EPS of $1.13, adjusted EPS of $1.14; pre-tax, pre-provision net revenue rose to $83.6 million, up 8% sequentially, with improved efficiency and strong organic growth.

• Annualized loan growth was 11.6% and deposit growth was 7.7%, with broad-based contributions across metro and community markets, and year-over-year loan and deposit growth of 30.3% and 25.8%, respectively.

• Share repurchases totaled approximately 3% of outstanding shares, including a significant transaction with a charity, reflecting confidence in long-term value.

• The company maintains a bullish outlook, citing sustainable momentum, healthy pipelines, and strong talent acquisition.

• Management expects continued value creation for customers and shareholders in the second half of the year, with a focus on organic growth and disciplined expense management.

Financial highlights

• Net interest margin was 3.95% for the quarter, with net interest income at $148.97 million, and loan yields at 6.48%; new loan production at 6.35%-6.4%.

• Deposit costs declined to 2.26%, with new deposits at 2.60%-2.70%; noninterest income was $26.2 million on an adjusted basis.

• Noninterest expense totaled $91.5 million, down 4% sequentially, with an improved efficiency ratio of 52.3% and adjusted efficiency ratio of 52.0%.

• Provision expense was $10.1 million, with allowance coverage at 1.51% and net charge-offs at 0.06%.

• Book value per share was $38.75; tangible book value per share was $31.19.

Outlook and guidance

• Full-year loan growth expected in the mid to high single-digit range, with deposits trending toward the lower end of that range.

• Net interest margin forecast (excluding loan accretion) is 3.70%-3.8% for the year.

• Consolidated efficiency ratio expected to finish the year at or around 50%.

• Noninterest expense guidance for the banking segment remains $325 million-$335 million.

• Management highlighted a modestly softer economic forecast, with slight increases in inflation and moderated GDP growth expectations.