Fb Financial Corporation · NYSE:FBK

Fb Financial — Q2 2017 Earnings Presentation

19 slides from Fb Financial's earnings presentation, Jul 24, 2017

  1. Slide 1: Second Quarter 2017 Earnings Presentation

    Second Quarter 2017 Earnings Presentation July 24, 2017

  2. Slide 2: Forward looking statements

    This presentation contains “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. You can identify these forward-looking statements throu

  3. 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 include, without limitation

  4. Slide 4: Non-GAAP Core results and 2Q 2017 Highlights

    Non-GAAP Core results1 Three months endedJune 30, 2017 Diluted earnings per share $0.49 Net income $12.9 million Return on average assets 1.61% Return on average equity 13.0% Return on average tangible common equity 14.9% Efficiency ratio 70.2% 2Q 2017 Highlights Loans (HFI) grew to $1.97 billion, a

  5. Slide 5: Consistently delivering balanced profitability and growth

    Consistently delivering balanced profitability and growth Drivers of profitability improvement Pro forma return on average assets1 ($mm) NIM (%) Noninterest income ($mm) NPA / assets (%) Loans / deposits (%) 1 Our pro forma net income includes a pro forma provision for federal income taxes using a c

  6. Slide 6: Net interest margin remains strong

    Net interest margin remains strong Historical yield and costs 1 Includes tax-equivalent adjustment NIM (%) 4.40% 4.05% 3.99% 4.28% 4.19% NIM, ex-accretion (%) 4.16% 3.94% 3.94% 4.12% 4.08% Deposit cost (%) 0.28% 0.30% 0.29% 0.32% 0.34% Loan (HFI) yield 2Q 2016 1Q 2017 2Q 2017 Contractual interest ra

  7. Slide 7: Consistent loan growth and balanced portfolio

    Consistent loan growth and balanced portfolio Total loan growth1 ($mm) and commercial real estate concentration Loan portfolio breakdown1 4Q 2012 2Q 2017 Total HFI loans: $1,971mm 1 Exclude HFS loans, C&I includes owner-occupied CRE2 Risk-based capital at bank level as reported in Call Report. 2Q 20

  8. Slide 8: Stable, low cost core deposit franchise

    Stable, low cost core deposit franchise Total deposits ($mm) 1 Includes mortgage servicing-related escrow deposits of $44.1 million, $64.3 million, $46.7 million, $43.7 million and $49.9 million for the quarters ended June 30, 2016, September 30, 2016, December 31, 2016, March 31, 2017 and June 30,

  9. Slide 9: Mortgage Banking continues to execute

    $22.9 $27.6 $23.9 $4.6 ($4.7) $5.4 $2.7 $2.7 $2.7 $ -- ($0.5) ($1.8) $30.1 $25.1 $30.2 Mortgage Banking continues to execute Rebalanced mix through better channel distribution as Correspondent growth offsets refinancing decline in Consumer DirectMortgage Banking income $30.2 million, up 20.6% from 1

  10. Slide 10: Improving operating leverage remains a key objective

    Improving operating leverage remains a key objective Consolidated 2Q 2017 core efficiency ratio of 70.2% driven by Banking Segment core efficiency ratio of 60.4%, approaching our target level of sub-60% Integration of pending acquisition of Clayton Banks will enhance efficiency; expect to realize 20

  11. Slide 11: Asset quality remains strong

    Asset quality remains strong Classified loans ($mm) Net charge-offs / average loans NPAs / assets LLR / loans (20) bps ($6) million

  12. Slide 12: Strong capital position for future growth

    Strong capital position for future growth 1 Total regulatory capital. 2Q 2017 calculation is preliminary and subject to change.2 See “Use of non-GAAP financial measures” and the Appendix hereto. Capital position Total capital composition 2Q 2016 1Q 2017 2Q 20171 Shareholder’s equity / Assets 9.1% 10

  13. Slide 13: Appendix

    Appendix (FB) FirstBank

  14. Slide 14: GAAP reconciliation and use: Pro forma core net income

    GAAP reconciliation and use of non-GAAP financial measures Pro forma core net income

  15. Slide 15: GAAP reconciliation and use: Tax-equivalent efficiency ratio

    GAAP reconciliation and use of non-GAAP financial measures Tax-equivalent efficiency ratio (1) Efficiency ratio (GAAP) is calculated by dividing non-interest expense by total revenue

  16. Slide 16: GAAP reconciliation and use: Segment tax-equivalent efficiency ratio

    GAAP reconciliation and use of non-GAAP financial measures Segment tax-equivalent efficiency ratio

  17. Slide 17: GAAP reconciliation and use: Tangible assets and equity

    GAAP reconciliation and use of non-GAAP financial measures Tangible assets and equity Return on average tangible equity

  18. Slide 18: GAAP reconciliation and use: Pro forma return on average tangible common equity

    GAAP reconciliation and use of non-GAAP financial measures Pro forma return on average tangible common equity Pro forma core return on average tangible equity Pro forma core return on average assets and equity

  19. Slide 19: GAAP reconciliation and use: Pro forma core total revenue

    GAAP reconciliation and use of non-GAAP financial measures Pro forma core total revenue

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