FB Financial Corporation (FBK) financial statements (2020 and earlier)

Company profile

Business Address 211 COMMERCE STREET
NASHVILLE, TN 37201
State of Incorp. TN
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments236128120136
Cash and cash equivalents233125120136
Short-term investments33  
Total current assets:236128120136
Noncurrent Assets
Operating lease, right-of-use asset33
Property, plant and equipment90878267
Intangible assets, net (including goodwill)18714915251
Goodwill16913713747
Intangible assets, net (excluding goodwill)1812155
Total noncurrent assets:309236234118
Other undisclosed assets5,5804,7734,3743,022
TOTAL ASSETS:6,1255,1374,7283,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt305240190150
Total current liabilities:305240190150
Noncurrent Liabilities
Liabilities, other than long-term debt20   
Deferred income tax liabilities20
Total noncurrent liabilities:20   
Other undisclosed liabilities5,0374,2253,9412,796
Total liabilities:5,3634,4654,1312,946
Stockholders' equity
Stockholders' equity attributable to parent762672597330
Common stock31313124
Additional paid in capital426424419213
Accumulated other comprehensive income (loss)12(4)0(1)
Retained earnings29422114794
Total stockholders' equity:762672597330
TOTAL LIABILITIES AND EQUITY:6,1255,1374,7283,277

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues283240307262
Net investment income283240170120
Financial services revenue138141
Cost of revenue(7)(5)(1)(10)
Cost of goods and services sold  (2)(3)
Provision for loan, lease, and other losses(7)(5)
Amortization of mortgage servicing rights (msrs)   (8)
Financial services costs11
Gross profit:275234306252
Operating expenses(46)(42)(188)(149)
Other operating income, net
(Noninterest Income, Other Operating Income)
7642
Operating income:237199123106
Nonoperating income (expense)1(0)1(3)
Gains (losses) on sales of other real estate1(0)11
Mortgage servicing rights (msr) impairment (recovery)   (5)
Interest and debt expense(57)(36)(16)(10)
Income from continuing operations before equity method investments, income taxes:18116310793
Other undisclosed loss from continuing operations before income taxes(71)(57)(33)(30)
Income from continuing operations before income taxes:1101067362
Income tax expense(26)(26)(21)(22)
Net income attributable to parent:84805241
Undistributed earnings (loss) allocated to participating securities, basic(0)(0) 
Net income available to common stockholders, diluted:83805241

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:84805241
Other comprehensive loss (0)  
Comprehensive income:84805241
Other undisclosed comprehensive income (loss), net of tax, attributable to parent16(4)2(3)
Comprehensive income, net of tax, attributable to parent:100765437

Statements sources

The financial statements are based on the company's filings with the 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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