FB Financial Corporation (FBK) Financial Statements (2024 and earlier)

Company Profile

Business Address 1221 BROADWAY
NASHVILLE, TN 37203
State of Incorp. TN
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,163,3851,323,0101,030,042621,252875,9641,746,524
Cash and cash equivalents1,160,3541,319,9511,027,052618,290872,8611,743,311
Short-term investments3,0313,0592,9902,9623,1033,213
Total current assets:1,163,3851,323,0101,030,042621,252875,9641,746,524
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,3111,3391,3671,3941,4221,450
Operating lease, right-of-use asset56,56057,05460,04361,44441,07041,037
Property, plant and equipment   108   
Intangible assets, net (including goodwill)252,999253,939254,929255,968257,076258,270
Goodwill242,561242,561242,561242,561242,561242,561
Intangible assets, net (excluding goodwill)10,43811,37812,36813,40714,51515,709
Deferred income tax assets   42,412   
Total noncurrent assets:310,870312,332358,859318,806299,568300,757
Other undisclosed assets11,413,14011,465,80511,458,85511,318,02411,018,33010,626,910
TOTAL ASSETS:12,887,39513,101,14712,847,75612,258,08212,193,86212,674,191
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt   21,945   
Total current liabilities:   21,945   
Noncurrent Liabilities
Other undisclosed liabilities11,500,35111,731,35811,500,29310,976,82810,873,91711,294,322
Total liabilities:11,500,35111,731,35811,522,23810,976,82810,873,91711,294,322
Equity
Equity, attributable to parent1,386,9511,369,6961,325,4251,281,1611,319,8521,379,776
Common stock46,79946,76346,73846,92646,88247,488
Additional paid in capital859,516856,628861,588867,139864,614888,168
Accumulated other comprehensive loss(163,407)(149,566)(169,433)(187,440)(120,495)(71,544)
Retained earnings644,043615,871586,532554,536528,851515,664
Equity, attributable to noncontrolling interest939393939393
Total equity:1,387,0441,369,7891,325,5181,281,2541,319,9451,379,869
TOTAL LIABILITIES AND EQUITY:12,887,39513,101,14712,847,75612,258,08212,193,86212,674,191

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues
(Net Investment Income)
20,96319,12414,41811,81910,5598,263
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(2,575)(4,997)(152)(8,189)(8,181) 
Gross profit:18,38814,12714,2663,6302,3788,263
Operating expenses(10,627)(10,155)(13,624)(12,458)(12,282)(13,889)
Other operating income, net
(Noninterest Income, Other Operating Income)
2,4853,5507931,8702362,314
Operating income (loss):10,2467,5221,435(6,958)(9,668)(3,312)
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
533(183)(25)435(26)(498)
Interest and debt expense(68,640)(55,820)(37,100)(17,099)(8,043)(6,945)
Loss from continuing operations before equity method investments, income taxes:(57,861)(48,481)(35,690)(23,622)(17,737)(10,755)
Other undisclosed income from continuing operations before income taxes103,00394,55983,88364,38443,80755,304
Income from continuing operations before income taxes:45,14246,07848,19340,76226,07044,549
Income tax expense(9,835)(9,697)(10,042)(8,931)(6,717)(9,313)
Income from continuing operations:35,30736,38138,15131,83119,35335,236
Income before gain (loss) on sale of properties:31,83119,35335,236
Net income:35,30736,38138,15131,83119,35335,236
Net loss attributable to noncontrolling interest (8) (8) (8) 
Net income available to common stockholders, diluted:35,29936,38138,14331,83119,34535,236

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:35,30736,38138,15131,83119,35335,236
Other comprehensive income (loss)(13,841)19,86718,007(66,945)  
Other undisclosed comprehensive loss     (48,951)(77,402)
Comprehensive income (loss):21,46656,24856,158(35,114)(29,598)(42,166)
Comprehensive loss, net of tax, attributable to noncontrolling interest (8) (8) (8) 
Comprehensive income (loss), net of tax, attributable to parent:21,45856,24856,150(35,114)(29,606)(42,166)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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