Fb Financial Corporation · NYSE:FBK
Fb Financial — Q4 2025 Earnings Presentation
37 slides from Fb Financial's earnings presentation, Feb 11, 2026
Slide 1: First Quarter 2026 Investor Presentation
February 12, 2026 First Quarter 2026 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. These forward-looking statements include, without limitation, stat
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: Snapshot of FB Financial today
3 Snapshot of FB Financial today Note: Figures presented on a quarter to date basis as of December 31, 2025. 1 Source: S&P Global. Market data is as of June 30, 2025 and is presented on a pro forma basis for announced acquisitions since June 30, 2025. 2 Non-GAAP financial measure; See "Use of non-GA
Slide 5: 2025 Full Year Summary
4 2025 Full Year Summary 1 Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. Key highlights Reported Adjusted1 Diluted earnings per common share $ 2.45 $ 3.99 Pre-Tax Pre-Provision Net Revenue (PPNR) ($mm) $ 181.8 $ 268.9 Net interest margin (t
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 Organic Focused Growth Proven Opportunistic Acquirer with Scalable Platforms and Technology
Slide 7: Recent corporate history
6 Recent corporate history 2021 Awarded “Top Workplaces” by the Tennessean; Named one of American Banker’s “Best Places to Work” 2020 • Completed acquisition of FNB Financial Corporation; enter Bowling Green MSA ranked 7th in deposit market share • Converted online and mobile consumer banking platfo
Slide 8: Driving shareholder value
7 Driving shareholder value ¹ Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. $2.64 $2.57 $2.48 $2.45 $2.92 $3.01 $3.40 $3.99 2022 2023 2024 2025 Earnings per share Adjusted earnings per share Earnings per Share $14 $14 $20 $22 $25 $27 $30 $2
Slide 9: Capital & Liquidity
8 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 86% Subordinated Notes 5% Tier 2 ACL 9% Total regulatory capital: $1,888 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 Includes capacity from internal policy an
Slide 10: Well-positioned for organic growth in desirable markets
9 Well-positioned for organic growth in desirable markets 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 o
Slide 11: Valuable deposit base
10 Valuable deposit base Cost of deposits 18.9% 19.3% 19.2% 19.5% 18.9% 2.70% 2.54% 2.48% 2.53% 2.40% 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% 4Q24 1Q25 2Q25 3Q25 4Q25 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by cus
Slide 12: Net Interest Margin
11 Net Interest Margin $109.0 $108.4 $112.2 $148.1 $150.6 3.50% 3.55% 3.68% 3.95% 3.98% 4Q24 1Q25 2Q25 3Q25 4Q25 FTE NII / NIM Trend ($ millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 3Q25 Net Interest Income 148,088 Impact of
Slide 13: Noninterest Income & Expense
12 Noninterest Income & Expense $73.1 $109.9 $107.6 56.1% 63.2% 60.2% 4Q24 3Q25 4Q25 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $72.7 $93.5 $100.4 54.6% 53.3% 56.3% 4Q24 3Q25 4Q25 Adj. Noninterest Expense ($ millions) Adj. Noninterest Expense Adj. Efficiency Ratio $22.0 $2
Slide 14: Loans HFI
13 Loans HFI $9.60 $9.77 $9.87 $12.30 $12.38 6.51% 6.41% 6.44% 6.75% 6.64% 4Q 24 1Q 25 2Q25 3Q25 4Q25 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 15% 1-4 family HELOC 6% Multifamily 6% C&D 10% CRE 23% C&I 35% Other 5% Portfolio Mix $12.4 Billion 1 C&I includes owne
Slide 15: Diversified loan portfolio
14 Office 18% Retail 20% Hotel 17% Warehouse/Industrial 19% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 6% Other 9% Residential Development 36% Commercial 39% Consumer 17% Multifamily 8% Construction 27% Land 6% Lots 3% Diversified loan portfolio CRE2
Slide 16: Office exposure and geographic exposure
15 Nashville 42% Memphis 8%Knoxville 3% Huntsville 6% Birmingham 12% Chattanooga 1% Other 9% Communities 19% Class A 26% Class B 42% Class C 11% Under $2 Million 21% Office exposure • Office loans as of 4Q25 – • Represent ~4% of total Loans HFI population • 99% of portfolio is pass rated and current
Slide 17: Asset Quality Metrics
16 Asset Quality Metrics 0.69% 0.63% 0.76% 0.76% 0.80% 0.24% 0.21% 0.16% 0.13% 0.17% 0.93% 0.84% 0.92% 0.89% 0.97% 4Q24 1Q25 2Q25 3Q25 4Q25 Nonperforming Assets / Total Assets Other NPAs Optional GNMA repurchase • Modest provision expense in the quarter supported by low charge-offs and minimal chang
Slide 18: Allowance Modeling & Reserve Allocation
17 1.58% 0.99% 1.22% 0.88% 2.91% 1.61% 1.57% 1.82% 3.90% 1.50% 1.21% 1.18% 0.96% 2.33% 1.60% 1.78% 1.48% 3.35% 1.50% 1.11% 1.25% 1.01% 2.16% 1.64% 1.81% 1.43% 3.49% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC C
Slide 19: Mortgage results
18 Mortgage results • Mortgage segment pre-tax net contribution of $2.4 million • Segment net interest income up $858 thousand due to widening spread on fixed rate portfolio vs funding rate • Mortgage banking income relatively flat with higher loan sale volumes offset by valuation adjustments on mor
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: Tangible net income
23 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
Slide 25: Pre-tax pre-provision net revenue
24 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue
Slide 26: Tangible net income
25 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
Slide 27: Common Equity Tier and Total Risk-Based capital ratios
26 GAAP reconciliations and use of non-GAAP financial measures Adjusted Common Equity Tier 1 and Total Risk-Based capital ratios
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: Banking segment adjusted efficiency ratio (tax-equivalent)
28 GAAP reconciliations and use of non-GAAP financial measures Banking segment adjusted efficiency ratio (tax-equivalent)
Slide 30: Mortgage segment adjusted efficiency ratio (tax-equivalent)
29 GAAP reconciliations and use of non-GAAP financial measures Mortgage segment adjusted efficiency ratio (tax-equivalent)
Slide 31: Efficiency ratio (tax-equivalent basis)
30 GAAP reconciliations and use of non-GAAP financial measures 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 assets, common equity and related measures
34 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures
Slide 36: Return on average tangible common equity and related measures
35 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures
Slide 37: Return on average assets and equity
36 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets and equity