Fb Financial Corporation · NYSE:FBK

Fb Financial — Investor Presentation (September 2018)

29 slides from Fb Financial's investor presentation, Sep 24, 2018

  1. Slide 1: Third Quarter 2018 Investor Presentation

    Third Quarter 2018 Investor Presentation September 24, 2018

  2. Slide 2: Forward-looking statements

    Certain statements contained in this investor presentation are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, without limitation, sta

  3. Slide 3: Use of non-GAAP financial measures

    Use of non-GAAP financial measures This investor 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. The Company’s management uses these non-GAAP financi

  4. Slide 4: Strategic drivers

    Strategic drivers Great Place to Work Strategic M&A Experienced Senior Management Team Elite Financial Performer Scalable Banking and Mortgage Platforms Local Decision Makers in Attractive Metro and Community Markets

  5. Slide 5: Over 100 years of history in Tennessee

    Over 110 years of history in Tennessee 2003: Acquired The Bank of Murfreesboro in Nashville MSA 2007: Acquired branches from AmSouth Bank in Tennessee community markets 1984 1988 1996 1999 2001 2003 2004 2006 2012 2013 2015 Year: 2001: Opened branches in Nashville and Memphis 2004: Opened branch in

  6. Slide 6: Snapshot of FB Financial today

    Snapshot of FB Financial today Financial highlights Company overview Second largest Nashville-headquartered bank and third largest Tennessee-based bankOriginally chartered in 1906, one of the longest continually operated banks in Tennessee Completed the largest bank IPO in Tennessee history in Septe

  7. Slide 7: A leading community bank headquartered in Tennessee

    A leading community bank headquartered in Tennessee Top 10 banks in Tennessee¹ Top 10 banks under $25bn assets in Tennessee¹ Source: SNL Financial; Note: Deposit data as of June 30, 2018; Pro forma for completed acquisitions since June 30, 2018 and pending acquisitions announced as of September 20,

  8. Slide 8: Attractive footprint with balance between community and metropolitan markets

    Attractive footprint with balance between stable community markets and high growth metropolitan markets 269123Blue dots 193210228Metro markets 130131135Highway 167169172State county outlines 8715487Green dots 148194148Community markets Source files are619754_FirstBank Bancorp.ai and mapinfo 1 Source

  9. Slide 9: Well positioned in attractive metropolitan markets

    Well positioned in attractive metropolitan markets 269123Blue dots 193210228Metro markets 130131135Highway 167169172State county outlines 8715487Green dots 148194148Community markets Source files are619754_FirstBank Bancorp.ai and mapinfo Nashville rankings: “The new 'it' City” – The New York Times1

  10. Slide 10: 1H 2018 highlights

    Six months endedJune 30, 2018 Non-GAAP adjusted results1 Reported GAAP results Diluted earnings per share $1.38 $1.33 Net income ($mm) $43.4 $41.9 Net interest margin 4.73% 4.73% Return on average assets 1.85% 1.79% Return on average equity 14.4% 13.9% Return on average tangible common equity 19.1%

  11. Slide 11: Consistently delivering balanced profitability and growth

    Consistently delivering balanced profitability and growth Drivers of profitability Pro forma return on average assets, adjusted1 Net interest margin Noninterest income ($mm) Loans / deposits 1 Pro forma net income and tax-adjusted return on average assets include a pro forma provision for federal in

  12. Slide 12: 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 2018 Total Loans HFI: $3,416 million 1 Exclude HFS loans; C&I includes owner-occupied CRE; CRE excludes owner-occupied CRE.2 Risk-based capital at Firs

  13. Slide 13: Peer-leading net interest margin remains strong

    Peer-leading net interest margin remains strong Historical yield and costs 1 Includes tax-equivalent adjustment.2 Data for nonaccrual interest collections not available prior to 2016.NM = not meaningful NIM (%) 3.52% 3.75% 3.93% 3.97% 4.10% 4.46% 4.73% Impact of accretion and nonaccrual interest col

  14. Slide 14: Stable, low cost core deposit franchise

    Noninterest-bearing25% Stable, low cost core deposit franchise Total deposits ($mm) 1 Includes mortgage servicing-related escrow deposits of $45.4 million and $53.7 million for the years ended December 31, 2016 and 2017, respectively, and $88.4 million for the quarter ended June 30, 2018. There were

  15. Slide 15: Mortgage segment contribution

    $ 94.5 $ 103.7 $ 50.5 $ 11.2 $ 3.5 $ (2.4) $ 12.1 $ 13.2 $ 10.4 $ -- $ (3.5) $ (3.5) $117.8 $116.9 $55.0 Total mortgage pre-tax contribution (including retail footprint) of $5.3 million in 1H 2018, compared to $8.5 million in 1H 2017 Total mortgage pre-tax contribution represents 9.3% of 1H 2018 tot

  16. Slide 16: Improving operating leverage remains a key objective

    Improving operating leverage remains a key objective Consolidated 1H 2018 core efficiency ratio of 63.7% driven by Banking Segment core efficiency ratio of 53.4%, approaching our target level of sub-50%1H 2018 illustrates continued operating leverage achieved through organic growth, merger and ongoi

  17. Slide 17: Asset quality continues to improve

    Asset quality continues to improve Classified & PCI loans ($mm)2 Net charge-offs (recoveries) / average loans Nonperforming ratios LLR / loans 1 Includes acquired excess land and facilities for all periods subsequent to the acquisition of the Clayton Banks and GNMA rebooked loans for the fourth quar

  18. Slide 18: Strong capital position for future growth

    Strong capital position for future growth 1 Total regulatory risk based capital, FB Financial Corporation.2 Non-GAAP financial measure. See “Use of non-GAAP financial measures,” and “Reconciliation of non-GAAP financial measures” in the Appendix hereto.3 June 30, 2018 calculation is preliminary and

  19. Slide 19: M&A Strategy

    M&A Strategy1 Tuscaloosa Drive time from Nashville 3:30 / Huntsville 2:10Birmingham from Nashville 2:40 / Huntsville 1:30Atlanta 3:30 / Chattanooga 1:40Greenville 5:10 / Chattanooga 3:30 / Knoxville 2:40Asheville 4:20 / Knoxville 1:50Blacksburg 5:50 / Knoxville 3:20Roanoke 6:10 / Knoxville 3:40Bowli

  20. Slide 20: Appendix

    Appendix (FB) FirstBank

  21. Slide 21: Reconciliation measures

    Reconciliation of non-GAAP financial measures Pro forma net income, adjusted Pro forma diluted earnings per share, adjusted 1 2016 includes loss on sale of mortgage servicing rights, impairment of mortgage servicing rights, gain on sales or write-downs of other real estate owned and other assets and

  22. Slide 22: Reconciliation measures: tax-equivalent core efficiency ratio

    Reconciliation of non-GAAP financial measures (cont’d) Tax-equivalent core efficiency ratio (1) Efficiency ratio (GAAP) is calculated by dividing non-interest expense by total revenue.

  23. Slide 23: Reconciliation measures: segment core efficiency ratio

    Reconciliation of non-GAAP financial measures (cont’d) Segment tax-equivalent core efficiency ratio 1 Includes mortgage segment Other noninterest mortgage banking expense, depreciation, loss on sale of mortgage servicing rights and amortization and impairment of mortgage servicing rights.2 Includes

  24. Slide 24: Reconciliation measures: tax-equivalent core efficiency ratio

    Reconciliation of non-GAAP financial measures (cont’d) Tax-equivalent core efficiency ratio (1) Efficiency ratio (GAAP) is calculated by dividing non-interest expense by total revenue.

  25. Slide 25: Reconciliation measures: segment core efficiency ratio

    Reconciliation of non-GAAP financial measures (cont’d) Segment tax-equivalent core efficiency ratio 1 Includes mortgage segment Other noninterest mortgage banking expense, depreciation, loss on sale of mortgage servicing rights and amortization and impairment of mortgage servicing rights.2 Includes

  26. Slide 26: Tangible book value per share and TCE to tangible assets

    Tangible book value per common share and tangible common equity to tangible assets Reconciliation of non-GAAP financial measures (cont’d)

  27. Slide 27: Return on average tangible common equity

    Reconciliation of non-GAAP financial measures (cont’d) Return on average tangible common equity Return on average tangible common equity, adjusted

  28. Slide 28: Pro forma return on average assets and equity, adjusted

    Reconciliation of non-GAAP financial measures (cont’d) Pro forma return on average assets and equity, adjusted

  29. Slide 29: Total mortgage contribution, adjusted

    Reconciliation of non-GAAP financial measures (cont’d) Total mortgage contribution, adjusted

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