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FB Financial
FB Financial (FBK) investor relations material
FB Financial Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary22 Jan, 2026
Executive summary
Reported Q4 2025 net income of $57.0M ($61.5M adjusted), EPS of $1.07 ($1.16 adjusted), and full-year EPS of $2.45 ($3.99 adjusted); full-year revenue reached $560.0M, up 23% year-over-year.
Tangible book value per share increased to $30.27 at year-end, with tangible book value CAGR of 11.6% since IPO.
Southern States Bank acquisition contributed to 29% loan and 24-25% deposit growth year-over-year, driving balance sheet expansion.
Management highlighted strong earnings, balance sheet growth, and a significant share repurchase in Q4 2025.
Focus for 2026 is on customer experience, organic growth, and talent acquisition, with optimism for continued strong performance.
Financial highlights
Q4 2025 net interest income was $150.6M; net interest margin (NIM) rose to 3.98% in Q4, with full-year NIM stable at 3.81%.
Q4 pre-tax pre-provision net revenue was $71.1M ($77.1M adjusted); Q4 net income was $57M ($61.5M adjusted); full-year net income $122.6M ($200M adjusted).
Return on average assets: 1.4% (1.51% adjusted) in Q4; return on average tangible common equity: 14.4% (15.9% adjusted).
Efficiency ratio improved to 60.2% (56.3% adjusted) in Q4; full-year adjusted efficiency ratio was 56.4%.
Loans HFI ended at $12.4B, deposits at $13.9B as of Q4 2025.
Outlook and guidance
2026 net interest margin (excluding loan accretion) expected between 3.78%-3.83%; loan accretion to add ~15 bps.
Fee income projected to grow in upper single digits; banking expense guidance $325M-$335M, efficiency ratio in low 50s, targeting 50% by year-end.
Mid to high single-digit loan and core deposit growth expected for 2026.
Management expects continued focus on core deposit growth, disciplined cost management, and stable reserve coverage.
Management expressed confidence entering 2026, citing momentum, flexibility, and a foundation for sustainable growth.
Future capital deployment strategy?
Reason for rising nonperforming loans?
Deposit strategy for funding base durability?
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Next FB Financial earnings date
Q1 202614 Apr, 2026
FB Financial
Next FB Financial earnings date
Q1 202614 Apr, 2026
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Frequently asked questions
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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