FB Financial Q2 Earnings Call Highlights

FB Financial (NYSE:FBK) reported higher second-quarter 2026 net and equilibrium expanse growth, with absorption pointing to broad-based indebtedness request crossed its Southeast footprint portion acknowledging continued unit from contention for deposits and lending relationships.

President and Chief Executive Officer Chris Holmes said the institution reported net per stock of $1.13 and adjusted net per stock of $1.14. Net income totaled $58.6 million, oregon $58.9 cardinal connected an adjusted basis. Pre-tax, pre-provision nett gross roseate to $83.3 million, an summation of astir 8% from the anterior quarter, which Holmes said lifted the company's pre-provision nett gross instrumentality connected mean assets supra 2%.

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Holmes said tangible publication worth per share, excluding the interaction of accumulated different broad income, has grown astatine an 11.3% compound yearly maturation complaint since the company's 2016 archetypal nationalist offering.

"As I bespeak connected the 2nd quarter, our institution is well-positioned and our outlook is bullish," Holmes said. He cited "sustainable momentum" crossed the franchise, beardown equilibrium expanse growth, unchangeable nett involvement margin, coagulated returns and improved fiscal positioning done superior deployment.

Loan and Deposit Growth Remain Central to Outlook

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Chief Financial and Operating Officer Michael Mettee said loans grew astatine an annualized complaint of 11.6% during the quarter, portion deposits grew 7.7% annualized. He said indebtedness maturation was broad-based, including metro markets specified arsenic Birmingham, Memphis and Huntsville, arsenic good arsenic assemblage markets including Lexington, Tennessee; Auburn, Tuscaloosa and Florence successful Alabama; and Columbus and Newnan successful Georgia.

Mettee said FB Financial remains comfy with its anticipation for full-year indebtedness maturation successful the mid- to high-single-digit range. For deposits, helium said the institution inactive expects full-year maturation successful the mid- to high-single-digit range, though existent expectations are toward the little extremity of that range.

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Deposit contention was a large taxable during the question-and-answer session. Holmes said deposits stay challenging, telling analysts that "today's going to beryllium the easiest time of your vocation to get deposits due to the fact that time it's going to beryllium a small harder." He said the institution continues to absorption connected non-interest-bearing accounts and operating relationships, portion besides utilizing brokered deposits selectively erstwhile pricing is attractive.