Fb Financial Corporation · NYSE:FBK
Fb Financial — Investor Presentation (September 2025)
36 slides from Fb Financial's investor presentation, Sep 2, 2025
Slide 1: Third Quarter 2025 Investor Presentation
September 3, 2025 Third Quarter 2025 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 1 Source: 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. 2 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 3 Presented on a
Slide 5: Combined Company
4 Combined Company 1 Figures presented are combined company on a pro forma basis, see the 8-k filed with the SEC on July 8, 2025. 2 Figures presented represent estimated deal economics on a combined pro forma basis. See 8-k filed with the SEC on March 31, 2025. Combined Company Execution of growth s
Slide 6: Strategic drivers
5 Strategic drivers Poised for Solid Performance Proven Opportunistic Acquirer with Scalable Platforms and Technology Highly Motivated Executive Management Team Great Place to Work Organic Growth Focused Empowered Teams Across Attractive Metropolitan and Community Markets
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 Adj. ROAA1: 1.67% Adj. ROATCE1: 19.4% Year-End Assets: $11.2bn • Completed acquisition of FNB Financial Corporation; enter Bowling Green MSA ranked 7th in deposit mar
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 2Q25 calculation is preliminary and subject to change. $2.64 $2.57 $2.48 $0.91 $2.92 $3.01 $3.40 $1.74 2022 2023 2024 YTD Earnings per share Adjusted earnings per
Slide 9: Net Interest Margin
8 Net Interest Margin $103.3 $106.6 $109.0 $108.4 $112.2 3.57% 3.55% 3.50% 3.55% 3.68% 2Q24 3Q24 4Q24 1Q25 2Q25 FTE NII / NIM Trend ($ in millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) $ 108,4271Q25 Net Interest Income 734Imp
Slide 10: Noninterest Income & Expense
9 Noninterest Income & Expense $75.1 $79.5 $81.3 58.6% 60.9% 105.7% 2Q24 1Q25 2Q25 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $74.1 $79.1 $78.5 58.3% 59.9% 56.9% 2Q24 1Q25 2Q25 Core Noninterest Expense ($ millions) Core Noninterest Expense Core Efficiency Ratio $25.6 $23.0
Slide 11: Loans HFI
10 Loans HFI $9.31 $9.48 $9.60 $9.77 $9.87 6.70% 6.70% 6.51% 6.41% 6.44% 2Q 24 3Q 24 4Q 24 1Q 25 2Q25 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 17% 1-4 family HELOC 7% Multifamily 6% C&D 10% CRE 22% C&I 32% Other 6% Portfolio Mix $9.9 Billion 1 C&I includes owner
Slide 12: Diversified loan portfolio
11 Residential Development 43% Commercial 29% Consumer 17% Multifamily 11% Construction 34% Land 7% Lots 2% Office 18% Retail 22% Hotel 15% Warehouse/Industrial 16% Land-Manufactured Housing 5% Self Storage 6% Healthcare Facility 3% Assisted Living Facility 7% Other 8% Diversified loan portfolio CRE
Slide 13: Office exposure and geographic exposure
12 Nashville 55% Memphis 10% Knoxville 4% Huntsville 5% Birmingham 11% Chattanooga 2% Other 5% Communities 8% Class A 33% Class B 36% Class C 11% Under $2 Million 20% Office exposure • Office loans as of 2Q25 – • Represent 4% of total Loans HFI population • 99% of portfolio is pass rated and current
Slide 14: Valuable deposit base
13 Valuable deposit base Cost of deposits 20.9% 20.3% 18.9% 19.3% 19.2% 2.77% 2.83% 2.70% 2.54% 2.48% 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% 2Q24 3Q24 4Q24 1Q25 2Q25 Noninterest-bearing as % of total deposits Cost of total deposits (%) $4,675 $4,676 $
Slide 15: Growing deposit franchise
14 Growing deposit franchise 1 Source: 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. 2 Source: S&P Global. FBK Footprint is based on weighted average demographics of MSAs and counties not located in MSAs with weig
Slide 16: Allowance Modeling & Reserve Allocation
15 1.67% 1.40% 1.21% 0.89% 2.85% 1.48% 1.62% 1.81% 4.04% 1.54% 0.87% 1.31% 0.89% 2.51% 1.76% 1.60% 1.82% 3.59% 1.51% 1.13% 1.20% 0.87% 2.14% 1.86% 1.82% 1.35% 3.10% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC C
Slide 17: Asset Quality Metrics
16 Asset Quality Metrics 0.63% 0.76% 0.69% 0.63% 0.76% 0.18% 0.23% 0.24% 0.21% 0.16% 0.81% 0.99% 0.93% 0.84% 0.92% 2Q24 3Q24 4Q24 1Q25 2Q25 Nonperforming Assets / Assets Other NPAs Optional GNMA repurchase • Net charge-off activity normalized during the quarter at an annualized rate of 0.02% • Net i
Slide 18: Capital & Liquidity
17 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 84% Trust Preferred 2% Subordinated Notes 6% Tier 2 ACL 8% Total regulatory capital: $1,704 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 2Q25 calculation is p
Slide 19: Mortgage results
18 Mortgage results • Mortgage segment pre-tax pre-provision net revenue (PPNR) of $1.7 million and pre-tax net contribution of $(3.0) million • Increased revenue through strong loan sale and lock volumes during the quarter, coupled with improved margins • Segment profitability impacted by increased
Slide 20: Appendix
19 Appendix
Slide 21: Adjusted 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: Adjusted 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: Adjusted 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: Adjusted tangible net income
23 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
Slide 25: Adjusted 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: Adjusted tangible net income
25 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
Slide 27: Adjusted 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: Core efficiency ratio (tax-equivalent basis)
27 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)
Slide 29: Banking segment core efficiency ratio (tax-equivalent)
28 GAAP reconciliations and use of non-GAAP financial measures Banking segment core efficiency ratio (tax-equivalent)
Slide 30: Mortgage segment core efficiency ratio (tax-equivalent)
29 GAAP reconciliations and use of non-GAAP financial measures Mortgage segment core efficiency ratio (tax-equivalent)
Slide 31: Tangible assets, common equity and related measures
30 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures
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: Adjusted return on average tangible common equity and related measures
32 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures
Slide 34: Adjusted return on average assets, common equity and related measures
33 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures
Slide 35: Adjusted 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: Adjusted return on average assets and equity
35 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets and equity
FB Financial — Investor Presentation (September 2025) on 6ix