FB Financial Corporation (FBK) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,322236128120136
Cash and cash equivalents1,318233125120136
Short-term investments533  
Total current assets:1,322236128120136
Noncurrent Assets
Finance lease, right-of-use asset2 
Operating lease, right-of-use asset5033
Property, plant and equipment190878267
Intangible assets, net (including goodwill)26518714915251
Goodwill24316913713747
Intangible assets, net (excluding goodwill)221812155
Deferred income tax assets16 
Total noncurrent assets:334309236234118
Other undisclosed assets9,5515,5804,7734,3743,022
TOTAL ASSETS:11,2076,1255,1374,7283,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt32305240190150
Total current liabilities:32305240190150
Noncurrent Liabilities
Liabilities, other than long-term debt 20   
Deferred income tax liabilities 20
Total noncurrent liabilities: 20   
Other undisclosed liabilities9,8845,0374,2253,9412,796
Total liabilities:9,9165,3634,4654,1312,946
Stockholders' equity
Stockholders' equity attributable to parent1,291762672597330
Common stock4731313124
Additional paid in capital899426424419213
Accumulated other comprehensive income (loss)2812(4)0(1)
Retained earnings31829422114794
Stockholders' equity attributable to noncontrolling interest0    
Total stockholders' equity:1,291762672597330
TOTAL LIABILITIES AND EQUITY:11,2076,1255,1374,7283,277

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues20283240307262
Net investment income20283240170120
Financial services revenue138141
Cost of revenue(95)(7)(5)(1)(10)
Cost of goods and services sold   (2)(3)
Provision for loan, lease, and other losses(95)(7)(5)
Amortization of mortgage servicing rights (msrs)    (8)
Financial services costs11
Gross profit:(75)275234306252
Operating expenses(82)(46)(42)(188)(149)
Other operating income, net
(Noninterest Income, Other Operating Income)
157642
Operating income (loss):(142)237199123106
Nonoperating income (expense)(1)1(0)1(3)
Gains (losses) on sales of other real estate(1)1(0)11
Mortgage servicing rights (msr) impairment (recovery)    (5)
Interest and debt expense(49)(57)(36)(16)(10)
Income (loss) from continuing operations before equity method investments, income taxes:(192)18116310793
Other undisclosed income (loss) from continuing operations before income taxes275(71)(57)(33)(30)
Income from continuing operations before income taxes:821101067362
Income tax expense(19)(26)(26)(21)(22)
Net income:6484805241
Net loss attributable to noncontrolling interest(0)    
Net income attributable to parent:6484805241
Undistributed earnings (loss) allocated to participating securities, basic (0)(0) 
Net income available to common stockholders, diluted:6483805241

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:6484805241
Other comprehensive loss  (0)  
Other undisclosed comprehensive income15    
Comprehensive income:7984805241
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 16(4)2(3)
Comprehensive income, net of tax, attributable to parent:79100765437

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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