Fb Financial Corporation · NYSE:FBK
Fb Financial — Q3 2026 Earnings Presentation
36 slides from Fb Financial's earnings presentation, Oct 13, 2026
Slide 1: 2026 Third Quarter Earnings Presentation
2026 Third Quarter Earnings Presentation October 13, 2026
Slide 2: Forward-looking statements
Forward–looking statements Certain statements contained in this Presentation that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements represent the Company’s current expectati
Slide 3: Use of non-GAAP financial measures
Use of non-GAAP financial measures This Presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limi
Slide 4: 3Q 2026 Results
3Q 2026 Results • Net income of $60.2 million or $60.9 million (adjusted)1 Key highlights • Returns remain strong and within Company’s target ranges Reported Adjusted1 • Higher net interest income (NII); deposit cost pressures remain Earnings Diluted earnings per • ~$1mm drag on NII for nonaccrual i
Slide 5: 3Q 2026 Earnings
3Q 2026 Earnings Quarter ended $ Change from $ in thousands, except per share data 3Q26 2Q26 3Q25 2Q26 3Q25 Total Revenue 174,486 174,752 173,875 (266) 611 Provision for credit losses 1,424 10,116 34,417 (8,692) (32,993) Noninterest Expense 96,034 91,480 109,856 4,554 (13,822) Pre-tax income 77,028
Slide 6: Driving shareholder value
Driving shareholder value Earnings per Share Book Value per Share Earnings per share Adjusted earnings per share1 1 BVPS TBVPS $3.99 $3.40 $3.43 $3.47 $3.01 $39 $38 $2.57 $2.48 $2.45 $34 $32 $30 $31 $30 $28 $28 $27 $25 $25 $26 $22 $23 $22 $20 $17 $19 $14 $14 $15 $12 $12 2023 2024 2025 2026 YTD 3Q16
Slide 7: Net Interest Margin
Net Interest Margin Highlights FTE NII / NIM Trend ($ millions) • NII increased in the quarter driven by strong loan growth and the benefit of 1 additional day in the quarter $150.6 $149.8 $150.8 $148.1 $146.8 • NIM impacted by pressure on deposit costs, coupled with a 3 bps decline from an interest
Slide 8: Noninterest Income & Expense
Noninterest Income & Expense Highlights Noninterest Income ($ millions) $27.3 Noninterest income: $26.6 $25.8 $26.2 • Mortgage banking income decreased by $24.5 $24.8 $1.7mm from higher market rates & lower customer demand during the quarter, coupled with lower sales volumes 3Q25 2Q26 3Q26 • Swap fe
Slide 9: Loans HFI
Loans HFI Portfolio Mix Loans HFI / Total Yield C&I 1 ($ billions) 34% Other 6% $13.18 $13.2 $12.87 2 Billion 1-4 family CRE 16% 23% $12.50 $12.38 C&D 1-4 family $12.30 9% HELOC 6% Multifamily 6% 6.75% 6.64% • Total Loans HFI up $314 million, or 9.68% annualized 6.51% 6.48% 6.42% • Key growth catego
Slide 10: Diversified loan portfolio
Diversified loan portfolio C&I1 Exposure by Industry CRE2 exposure by type ($ millions) Other Industry C&I CRE-OO Total % of Total Assisted Living Office 8% Facility 16% Real estate rental and leasing $320 $272 $592 13% 7% Healthcare Facility Retail trade 108 439 547 12% 2% Self Storage Manufacturin
Slide 11: Office exposure
Office exposure • Office loans as of 3Q26 – Credit detail by class • Represent ~4% of total Loans HFI population Avg. • 98% of portfolio is pass rated and current Outstanding Balance Wtd. Avg. Wtd. Avg Class ($mm) ($mm) LTV Occupancy • 12% (or $59.5mm) of portfolio matures by year-end 2026 Class A >
Slide 12: Valuable deposit base
Valuable deposit base Deposits by customer segment ($billions) Highlights Consumer Commercial Public Total $14.7 • Deposit growth driven by new customer $13.8 $14.0 $14.1 $14.3 $1.7 acquisition in both Consumer & Commercial $1.8 $1.7 $1.9 $2.0 $6.8 • Lower brokered deposits driven by managed $6.0 $6
Slide 13: Asset Quality Metrics
Asset Quality Metrics Highlights Allowance for Credit Losses & Coverage Ratio ($ millions) • Reserve levels remained steady – improved $186.0 $186.3 $194.0 $194.0 economic forecast largely offsets the reserves on $185.0 new loans • Lower ACL coverage ratio on modest provision 1.50% 1.50% 1.49% 1.51%
Slide 14: Allowance Modeling & Reserve Allocation
Allowance Modeling & Reserve Allocation • Impacts from economic and geopolitical concerns Key forecast inputs1 began to moderate in the quarter 4Q26 1Q27 2Q27 3Q27 • Improved economic forecast driven by near-term economic resilience National Unemployment Rate 4.38 4.67 4.85 4.95 • CRE price index an
Slide 15: Capital & Liquidity
Capital & Liquidity Capital Position On-balance sheet liquidity ($mm) 3Q25 2Q26 3Q26 On-balance sheet liquidity 1 Shareholder’s Equity/Assets 12.2% 11.5% 11.3% On-balance sheet liquidity / tangible assets TCE/TA1 10.1% 9.49% 9.32% $1,890 $1,805 $1,795 $1,810 $1,755 Common Equity Tier 12 11.7% 11.0%
Slide 16: Securities Portfolio
Securities Portfolio Securities Portfolio Composition Highlights All Other Municipal 2% Securities 10% • Securities portfolio is ~9% of Total Assets • Favorable securities portfolio structure – • No Held-to-Maturity (HTM) Securities U.S. Government • ~$60 million in unrealized losses in AOCI, $1.5 A
Slide 17: Strong Balance Sheet Supports Capital Flexibility
Strong Balance Sheet Supports Capital Flexibility Q2 2026 Peer Comparison (all data shown below for peer analysis, including FBK, is as of 6/30/26) AOCI + HTM SECURITIES MARKS / TOTAL EQUITY (SORTED LOW TO HIGH) AOCI + HTM Securities Marks / Total Equity (Sorted Low to High) Clean balance sheet, lim
Slide 18: Mortgage results
Mortgage results Highlights Interest rate lock commitment volume ($mm) Purchase Refinance • One-time charge for subservicer transitions costs of $490 $719k weighs on segment’s GAAP profitability in Q3 $432 $436 $386 $124 $56 $90 • Mortgage segment adjusted pre-tax income of ~$64 $330 $107 $45 thousa
Slide 19: Appendix
FB} pee Bank Appendix
Slide 20: Adjusted net income and diluted earnings per share
GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share 19
Slide 21: Adjusted net income and diluted earnings per share
GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share 20
Slide 22: Adjusted pre-tax pre-provision net revenue
GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue 21
Slide 23: Adjusted pre-tax pre-provision net revenue
GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue 22
Slide 24: Adjusted tangible net income
GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income 23
Slide 25: Adjusted tangible net income
GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income 24
Slide 26: Adjusted total risk-based capital
GAAP reconciliations and use of non-GAAP financial measures Adjusted total risk-based capital 25
Slide 27: Core efficiency ratio (tax-equivalent basis)
GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis) 26
Slide 28: Core efficiency ratio (tax-equivalent basis)
GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis) 27
Slide 29: Banking segment core efficiency ratio (tax-equivalent basis)
GAAP reconciliations and use of non-GAAP financial measures Banking segment core efficiency ratio (tax-equivalent basis) 28
Slide 30: Mortgage segment core efficiency ratio (tax-equivalent basis)
GAAP reconciliations and use of non-GAAP financial measures Mortgage segment core efficiency ratio (tax-equivalent basis) 29
Slide 31: Tangible assets, common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures 30
Slide 32: Tangible assets, common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures 31
Slide 33: Adjusted return on average tangible common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures 32
Slide 34: Adjusted return on average tangible common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures 33
Slide 35: Adjusted return on average assets, common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures 34
Slide 36: Adjusted return on average assets, common equity and related measures
GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures 35