FB Financial Corporation (FBK) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,8011,322236128120136
Cash and cash equivalents1,7981,318233125120136
Short-term investments3533  
Total current assets:1,8011,322236128120136
Noncurrent Assets
Finance lease, right-of-use asset12 
Operating lease, right-of-use asset425033
Property, plant and equipment1190878267
Intangible assets, net (including goodwill)26026518714915251
Goodwill24324316913713747
Intangible assets, net (excluding goodwill)17221812155
Deferred income tax assets 16 
Total noncurrent assets:303334309236234118
Other undisclosed assets10,4939,5515,5804,7734,3743,022
TOTAL ASSETS:12,59811,2076,1255,1374,7283,277
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt4132305240190150
Total current liabilities:4132305240190150
Noncurrent Liabilities
Liabilities, other than long-term debt7 20   
Deferred income tax liabilities7 20
Total noncurrent liabilities:7 20   
Other undisclosed liabilities11,1179,8845,0374,2253,9412,796
Total liabilities:11,1659,9165,3634,4654,1312,946
Stockholders' equity
Stockholders' equity attributable to parent1,4331,291762672597330
Common stock484731313124
Additional paid in capital893899426424419213
Accumulated other comprehensive income (loss)62812(4)0(1)
Retained earnings48731829422114794
Stockholders' equity attributable to noncontrolling interest00    
Total stockholders' equity:1,4331,291762672597330
TOTAL LIABILITIES AND EQUITY:12,59811,2076,1255,1374,7283,277

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues2620283240307262
Net investment income2620283240170120
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:26(75)275234306252
Operating expenses(55)(82)(46)(42)(188)(149)
Other operating income, net
(Noninterest Income, Other Operating Income)
19157642
Operating income (loss):(10)(142)237199123106
Nonoperating income (expense)3(1)1(0)1(3)
Gains (losses) on sales of other real estate3(1)1(0)11
Mortgage servicing rights (msr) impairment (recovery)     (5)
Interest and debt expense(38)(49)(57)(36)(16)(10)
Income (loss) from continuing operations before equity method investments, income taxes:(45)(192)18116310793
Other undisclosed income (loss) from continuing operations before income taxes288275(71)(57)(33)(30)
Income from continuing operations before income taxes:243821101067362
Income tax expense(53)(19)(26)(26)(21)(22)
Net income:1906484805241
Net loss attributable to noncontrolling interest(0)(0)    
Net income attributable to parent:1906484805241
Undistributed earnings (loss) allocated to participating securities, basic  (0)(0) 
Net income available to common stockholders, diluted:1906483805241

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:1906484805241
Other comprehensive loss   (0)  
Other undisclosed comprehensive income (loss)(22)15    
Comprehensive income:1697984805241
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)    
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  16(4)2(3)
Comprehensive income, net of tax, attributable to parent:16979100765437

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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