Fb Financial Corporation · NYSE:FBK
Fb Financial — Q2 2026 Earnings Presentation
37 slides from Fb Financial's earnings presentation, Jul 27, 2026
Slide 1: 2026 Third Quarter Investor Presentation
July 28, 2026 2026 Third Quarter Investor Presentation
Slide 2: Forward-looking statements
1 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 expecta
Slide 3: Use of non-GAAP financial measures
2 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 li
Slide 4: FB Financial today
3 FB Financial today Note: Figures presented are as of June 30, 2026. FirstBank Franchise Map Not pictured: Mortgage Only Location in Fair Hope, Alabama. 1906 Founded in Scotts Hill, TN $16.8 Billion in Total Assets as of 2Q26 90 Full-Service Branch locations throughout TN, AL, GA, and KY Headquarte
Slide 5: Company Overview
4 Company Overview Community Bank •Chartered in 1906, one of the longest continually operated banks in Tennessee •Local decision-making model deployed across our footprint Strong market • Franchise spanning both Metro & Community markets across the Southeast • Number 6 market share in Nashville MSA;
Slide 6: Strategic drivers
5 Strategic drivers Highly Motivated Executive Management Team Great Place to Work Strong Financial Performer Empowered Teams Across Attractive Metro & Community Markets Proven Opportunistic Acquirer with Scalable Platforms and Technology
Slide 7: Recent Corporate History
6 Recent Corporate History • Market expansion into Asheville, NC and Tuscaloosa, AL • Completed 2 securities portfolio restructure transactions totaling $526M sold and reinvested at a weighted average yield improvement of ~3.3% • Continued focus on operating efficiency measures resulting in an adjus
Slide 8: Growing market share
7 Growing market share Growing deposit franchise 1Source: S&P Global. Market data is as of June 30, 2024 and is presented on a pro forma basis for announced acquisitions since June 30, 2024. 2Source: S&P Global. Market data is as of June 30, 2025 and is presented on a pro forma basis for announced a
Slide 9: Driving shareholder value
8 Driving shareholder value ¹ Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 2Q26 calculation is preliminary and subject to change. $2.57 $2.48 $2.45 $2.24 $3.01 $3.40 $3.99 $2.26 2023 2024 2025 2026 YTD Earnings per share Adjusted earning
Slide 10: Net Interest Margin
9 Net Interest Margin $112.2 $148.1 $150.6 $146.8 $149.8 3.68% 3.95% 3.98% 3.94% 3.95% 2Q25 3Q25 4Q25 1Q26 2Q26 FTE NII / NIM Trend ($ millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 1Q26 Net Interest Income 146,774 Impact of
Slide 11: Noninterest Income & Expense
10 Noninterest Income & Expense $81.3 $95.2 $91.5 105.7% 55.2% 52.3% 2Q25 1Q26 2Q26 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $78.5 $93.7 $91.4 56.9% 54.3% 52.0% 2Q25 1Q26 2Q26 Adj. Noninterest Expense ($ millions) Adj. Noninterest Expense Adj. Efficiency Ratio $(34.5) $2
Slide 12: Loans HFI
11 Loans HFI $9.87 $12.30 $12.38 $12.50 $12.87 6.44% 6.75% 6.64% 6.51% 6.48% 2Q25 3Q25 4Q25 1Q26 2Q26 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 15% 1-4 family HELOC 6% Multifamily 6% C&D 9% CRE 23% C&I 36% Other 5% Portfolio Mix $12.9 Billion 1 C&I includes owner
Slide 13: Diversified loan portfolio
12 Office 17% Retail 19% Hotel 17% Warehouse/Industrial 22% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 6% Other 8% Residential Development 33% Commercial 39% Consumer 21% Multifamily 7% Construction 25% Land 5% Lots 3% Diversified loan portfolio CRE2
Slide 14: Office and geographic exposure
13 Nashville 40% Memphis 5%Knoxville 3%Huntsville 6% Birmingham 14% Chattanooga 1% Other 7% Atlanta 12% Communities 12% Class A 22% Class B 44% Class C 12% Under $2 Million 22% Office exposure Geographic exposure Note: Data as of June 30, 2026. Data is only non-owner occupied CRE & C&D loans. Data e
Slide 15: Valuable deposit base
14 Valuable deposit base Cost of deposits 19.2% 19.5% 18.9% 18.9% 19.3% 2.48% 2.53% 2.40% 2.27% 2.26% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 2Q25 3Q25 4Q25 1Q26 2Q26 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by cus
Slide 16: Provision, charge-offs and asset quality
15 $5,337 $34,417 $1,232 $3,024 $10,116 0.02% 0.05% 0.05% 0.11% 0.06% 2Q25 3Q25 4Q25 1Q26 2Q26 Provision for Credit Losses & Net Charge Offs ($ thousands) Provision for Credit Losses NCO Ratio (ann.) Asset Quality Metrics $148.9 $185.0 $186.0 $186.3 $194.0 1.51% 1.50% 1.50% 1.49% 1.51% 2Q25 3Q25 4Q2
Slide 17: Allowance Modeling & Reserve Allocation
16 1.51% 1.13% 1.20% 0.87% 2.14% 1.86% 1.82% 1.35% 3.10% 1.49% 1.14% 1.22% 1.00% 2.34% 1.45% 1.79% 1.37% 3.29% 1.51% 1.16% 1.39% 0.89% 2.37% 1.51% 1.77% 1.27% 3.29% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC C
Slide 18: Capital & Liquidity
17 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 86% Subordinated Notes 4% Tier 2 ACL 10% Total regulatory capital: $1,890 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 2Q26 calculation is preliminary and sub
Slide 19: Mortgage results
18 Mortgage results 2.86% 2.69% 2.97% 2.89% 2.49% 2Q25 3Q25 4Q25 1Q26 2Q26 Interest rate lock commitment volume ($mm) Mortgage gain on sale margin $402 $342 $279 $366 $380 $55 $90 $107 $124 $56 $457 $432 $386 $490 $436 2Q25 3Q25 4Q25 1Q26 2Q26 Purchase Refinance Highlights Mortgage Banking Segment (
Slide 20: Appendix
FB RreBank Appendix
Slide 21: Net income and diluted earnings per share
20 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share
Slide 22: Net income and diluted earnings per share
21 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share
Slide 23: Pre-tax pre-provision net revenue
22 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue
Slide 24: Pre-tax pre-provision net revenue
23 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue
Slide 25: Tangible net income
24 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
Slide 26: Tangible net income
25 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
Slide 27: Total risk-based capital
26 GAAP reconciliations and use of non-GAAP financial measures Adjusted total risk-based capital
Slide 28: Efficiency ratio (tax-equivalent basis)
27 GAAP reconciliations and use of non-GAAP financial measures Adjusted efficiency ratio (tax-equivalent basis)
Slide 29: Efficiency ratio (tax-equivalent basis)
28 GAAP reconciliations and use of non-GAAP financial measures Adjusted efficiency ratio (tax-equivalent basis)
Slide 30: Banking segment adjusted efficiency ratio (tax-equivalent basis)
29 GAAP reconciliations and use of non-GAAP financial measures Banking segment adjusted efficiency ratio (tax-equivalent basis)
Slide 31: Mortgage segment adjusted efficiency ratio (tax-equivalent basis)
30 GAAP reconciliations and use of non-GAAP financial measures Mortgage segment adjusted efficiency ratio (tax-equivalent basis)
Slide 32: Tangible assets, common equity and related measures
31 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures
Slide 33: Tangible assets, common equity and related measures
32 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures
Slide 34: Return on average tangible common equity and related measures
33 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures
Slide 35: Return on average tangible common equity and related measures
34 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures
Slide 36: Return on average assets, common equity and related measures
35 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures
Slide 37: Return on average assets, common equity and related measures
36 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures