FB Financial (FBK) investor relations material

Executive summary

• Net income for Q2 2026 was $58.6 million, with adjusted net income of $58.9 million and diluted EPS of $1.13 (adjusted EPS $1.14), reflecting strong loan and deposit growth, stable net interest margin, and improved efficiency.

• Annualized loan growth was 11.6% and deposit growth was 7.7% sequentially, with year-over-year growth of 30.3% for loans and 25.8% for deposits.

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

• The Southern States Bancshares merger, completed July 2025, expanded the branch network and contributed to growth in loans, deposits, and assets.

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

Financial highlights

• Net interest margin was 3.95% for the quarter, with net interest income rising to $149.0 million; loan yields were 6.48% and new loan production at 6.35%-6.4%.

• Deposit costs declined to 2.26%, with new deposits coming in at 2.60%-2.70%.

• Noninterest income was $25.8 million, increasing to $26.2 million on an adjusted basis.

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

• Total assets reached $16.8 billion at June 30, 2026, up from $13.4 billion a year earlier.

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 expects continued value creation for customers and shareholders, with a focus on maintaining strong asset quality and capital ratios.