Fb Financial Corporation · NYSE:FBK
Fb Financial — Q1 2026 Earnings Presentation
38 slides from Fb Financial's earnings presentation, May 13, 2026
Slide 1: 2026 Second Quarter Investor Presentation
May 14, 2026 2026 Second Quarter Investor Presentation Exhibit 99.1
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: FirstBank receives JD Power award
3 FirstBank receives JD Power award FirstBank ranked #1 for Retail Banking Customer Satisfaction in the South Central Region This award highlights FirstBank’s core values by ranking the Company as #1 in …. Trust People About the award: • JD Power 2026 Retail Banking Satisfaction StudySM • Feedback
Slide 5: FB Financial today
4 FB Financial today Note: Figures presented are as of March 31, 2026. FirstBank Franchise Map Not pictured: Mortgage Only Location in Fair Hope, Alabama. 1906 Founded in Scotts Hill, TN $16.5 Billion in Total Assets as of 1Q 26 90 Full-Service Branch locations throughout TN, AL, GA, and KY Headquar
Slide 6: Company Overview
5 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 7: Strategic drivers
6 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 8: Recent Corporate History
7 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 9: Growing market share
8 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 10: Driving shareholder value
9 Driving shareholder value ¹ Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 1Q26 calculation is preliminary and subject to change. $2.57 $2.48 $2.45 $1.10 $3.01 $3.40 $3.99 $1.12 2023 2024 2025 2026 YTD Earnings per share Adjusted earning
Slide 11: Net Interest Margin
10 Net Interest Margin $108.4 $112.2 $148.1 $150.6 $146.8 3.55% 3.68% 3.95% 3.98% 3.94% 1Q25 2Q25 3Q25 4Q25 1Q26 FTE NII / NIM Trend ($ millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 4Q25 Net Interest Income 150,642 Impact of
Slide 12: Noninterest Income & Expense
11 Noninterest Income & Expense $79.5 $107.5 $95.2 60.9% 60.2% 55.2% 1Q25 4Q25 1Q26 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $79.1 $100.4 $93.7 59.9% 56.3% 54.3% 1Q25 4Q25 1Q26 Adj. Noninterest Expense ($ millions) Adj. Noninterest Expense Adj. Efficiency Ratio $23.0 $28
Slide 13: Loans HFI
12 Loans HFI $9.77 $9.87 $12.30 $12.38 $12.50 6.41% 6.44% 6.75% 6.64% 6.51% 1Q 25 2Q25 3Q25 4Q25 1Q26 Loans HFI / Total Yield ($ 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 $12.5 Billion 1 C&I includes owner
Slide 14: Diversified loan portfolio
13 Office 17% Retail 20% Hotel 18% Warehouse/Industrial 20% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 6% Other 8% Residential Development 33% Commercial 35% Consumer 23% Multifamily 9% Construction 25% Land 5% Lots 3% Diversified loan portfolio CRE2
Slide 15: Office and geographic exposure
14 Nashville 39% Memphis 6%Knoxville 3% Huntsville 6% Birmingham 14% Chattanooga 1% Other 10% Communities 21% Class A 21% Class B 44% Class C 12% Under $2 Million 23% Office exposure Geographic exposure Note: Data as of March 31, 2026. Data is only non-owner occupied CRE & C&D loans. Data excludes m
Slide 16: Valuable deposit base
15 Valuable deposit base Cost of deposits 19.3% 19.2% 19.5% 18.9% 18.9% 2.54% 2.48% 2.53% 2.40% 2.27% 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% 1Q25 2Q25 3Q25 4Q25 1Q26 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by cus
Slide 17: Asset Quality Metrics
16 Asset Quality Metrics 0.63% 0.76% 0.76% 0.80% 0.78% 0.21% 0.16% 0.13% 0.17% 0.20% 0.84% 0.92% 0.89% 0.97% 0.98% 1Q25 2Q25 3Q25 4Q25 1Q26 Nonperforming Assets / Total Assets Other NPAs Optional GNMA repurchase • Higher charge-off levels during the quarter a result of unique borrower situations, no
Slide 18: Allowance Modeling & Reserve Allocation
17 1.54% 0.87% 1.31% 0.89% 2.51% 1.76% 1.60% 1.82% 3.59% 1.50% 1.11% 1.25% 1.01% 2.16% 1.64% 1.81% 1.43% 3.49% 1.49% 1.14% 1.22% 1.00% 2.34% 1.45% 1.79% 1.37% 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 19: Capital & Liquidity
18 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 86% Subordinated Notes 5% Tier 2 ACL 9% Total regulatory capital: $1,920 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 1Q26 calculation is preliminary and subj
Slide 20: Mortgage results
19 Mortgage results 2.51% 2.86% 2.69% 2.97% 2.89% 1Q25 2Q25 3Q25 4Q25 1Q26 Interest rate lock commitment volume ($mm) Mortgage gain on sale margin $329 $402 $342 $279 $366 $53 $55 $90 $107 $124 $382 $457 $432 $386 $490 1Q25 2Q25 3Q25 4Q25 1Q26 Purchase Refinance Highlights Mortgage Banking Segment (
Slide 21: Appendix
FB RreBank Appendix
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 net income and diluted earnings per share
22 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share
Slide 24: Adjusted 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: 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 tangible net income
26 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income
Slide 28: Adjusted total risk-based capital
27 GAAP reconciliations and use of non-GAAP financial measures Adjusted total risk-based capital
Slide 29: Core efficiency ratio (tax-equivalent basis)
28 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)
Slide 30: Core efficiency ratio (tax-equivalent basis)
29 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)
Slide 31: Banking segment core efficiency ratio (tax-equivalent basis)
30 GAAP reconciliations and use of non-GAAP financial measures Banking segment core efficiency ratio (tax-equivalent basis)
Slide 32: Mortgage segment core efficiency ratio (tax-equivalent basis)
31 GAAP reconciliations and use of non-GAAP financial measures Mortgage segment core efficiency ratio (tax-equivalent basis)
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: Tangible assets, common equity and related measures
33 GAAP reconciliations and use of non-GAAP financial measures Tangible 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 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: Adjusted 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
Slide 38: Adjusted return on average assets, common equity and related measures
37 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures