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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,030,0421,801,1071,322,489235,976128,463119,751
Cash and cash equivalents1,027,0521,797,7401,317,898232,681125,356119,751
Short-term investments2,9903,3674,5913,2953,107 
Total current assets:1,030,0421,801,1071,322,489235,976128,463119,751
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization1,3671,4871,588 
Operating lease, right-of-use asset60,04341,68649,53732,539
Property, plant and equipment 1085781,14790,13186,88281,577
Intangible assets, net (including goodwill)254,929259,514264,987186,640148,818152,092
Goodwill242,561242,561242,561169,051137,190137,190
Intangible assets, net (excluding goodwill)12,36816,95322,42617,58911,62814,902
Deferred income tax assets 42,412 16,396 
Total noncurrent assets:358,859303,265333,655309,310235,700233,669
Other undisclosed assets11,458,85510,493,3149,551,1865,579,6354,772,6014,374,293
TOTAL ASSETS:12,847,75612,597,68611,207,3306,124,9215,136,7644,727,713
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 21,94540,71632,199305,000240,000190,000
Total current liabilities: 21,94540,71632,199305,000240,000190,000
Noncurrent Liabilities
Liabilities, other than long-term debt  6,820 20,490  
Deferred income tax liabilities  6,820 20,490
Total noncurrent liabilities:  6,820 20,490  
Other undisclosed liabilities11,500,29311,117,4559,883,7495,037,1024,224,9073,940,984
Total liabilities:11,522,23811,164,9919,915,9485,362,5924,464,9074,130,984
Equity
Equity, attributable to parent1,325,4251,432,6021,291,289762,329671,857596,729
Common stock46,73847,54947,22231,03430,72530,536
Additional paid in capital861,588892,529898,847425,633424,146418,596
Accumulated other comprehensive income (loss)(169,433)5,85827,59512,138(4,227)148
Retained earnings586,532486,666317,625293,524221,213147,449
Equity, attributable to noncontrolling interest939393   
Total equity:1,325,5181,432,6951,291,382762,329671,857596,729
TOTAL LIABILITIES AND EQUITY:12,847,75612,597,68611,207,3306,124,9215,136,7644,727,713

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues45,05925,73620,048282,537239,571307,351
Net investment income45,05925,73620,048282,537239,571169,613
Financial services revenue137,738
Cost of revenue(10,393) (94,606)(7,053)(5,398)(923)
Cost of goods and services sold      (1,873)
Provision for loan, lease, and other losses(10,393) (94,606)(7,053)(5,398)
Financial services costs950
Gross profit:34,66625,736(74,558)275,484234,173306,428
Operating expenses(52,253)(54,734)(82,409)(46,033)(41,815)(187,650)
Other operating income, net
(Noninterest Income, Other Operating Income)
5,21319,04715,3227,0996,1723,733
Operating income (loss):(12,374)(9,951)(141,645)236,550198,530122,511
Nonoperating income (expense)
(Gains (Losses) on Sales of Other Real Estate)
(114)2,504(1,491)545(99)774
Interest and debt expense(69,187)(37,628)(48,986)(56,501)(35,503)(16,342)
Income (loss) from continuing operations before equity method investments, income taxes:(81,675)(45,075)(192,122)180,594162,928106,943
Other undisclosed income (loss) from continuing operations before income taxes241,249288,126274,583(71,055)(57,074)(33,458)
Income from continuing operations before income taxes:159,574243,05182,461109,539105,85473,485
Income tax expense(35,003)(52,750)(18,832)(25,725)(25,618)(21,087)
Income from continuing operations:124,571190,30163,62983,81480,23652,398
Income before gain (loss) on sale of properties:190,30163,62983,81480,23652,398
Net income:124,571190,30163,62983,81480,23652,398
Net loss attributable to noncontrolling interest(16)(16)(8)   
Net income attributable to parent:124,555190,28563,62183,81480,23652,398
Undistributed earnings (loss) allocated to participating securities, basic    (447)(428) 
Net income available to common stockholders, diluted:124,555190,28563,62183,36779,80852,398

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:124,571190,30163,62983,81480,23652,398
Other comprehensive loss(175,291)   (366) 
Other undisclosed comprehensive income (loss)  (21,737)15,457   
Comprehensive income (loss):(50,720)168,56479,08683,81479,87052,398
Comprehensive loss, net of tax, attributable to noncontrolling interest(16)(16)(8)   
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    16,365(4,118)1,674
Comprehensive income (loss), net of tax, attributable to parent:(50,736)168,54879,078100,17975,75254,072

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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