FBK

MKT CAP:$3B

FB Financial Corporation

Market Cap

$3B

Financial Services·Banks - Regional·🇺🇸 United States·NYSE

Financials·Banks - Regional·🇺🇸·NYSE

Stock Price

$53.79-$2.33 (-4.15%)

Apr 23, 2026

Company Details

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mor...

CEO

Christopher T. Holmes

IPO Date

Sep 16, 2016

Website

www.firstbankonline.com

Key Metrics TTM

Revenue

$866M

+13.0% YoY

Net Income

$123M

EPS (Diluted)

$2.43

Free Cash Flow

$118M

Revenue / Share

$16.58

Gross Margin

58.8%

Operating Margin

16.5%

Net Margin

14.2%

FCF Margin

13.7%

P/S

3.2x

P/E

22.5x

Earnings Reports

Q1 2026

Apr 13, 2026

NEW

$252M+24.2%EPS $1.10

FY 2025

Feb 26, 2026

$878M+14.5%EPS $2.40

Q3 2025

Sep 2, 2025

$264M+55.8%EPS $0.43

Q2 2025

Aug 4, 2025

$148M-27.3%EPS $0.06

Q1 2025

May 5, 2025

$203M+10.5%EPS $0.84

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$137M	$134M	$45M
Q2 22	$143M	$123M	$26M
Q3 22	$151M	$123M	$41M
Q4 22	$165M	$128M	$48M
Q1 23	$183M	$127M	$46M
Q2 23	$194M	$126M	$45M
Q3 23	$182M	$106M	$23M
Q4 23	$190M	$116M	$36M
Q1 24	$184M	$106M	$34M
Q2 24	$203M	$126M	$51M
Q3 24	$169M	$88M	$11M
Q4 24	$211M	$125M	$50M
Q1 25	$203M	$128M	$49M
Q2 25	$148M	$72M	-$10M
Q3 25	$264M	$139M	$30M
Q1 26	$252M	$169M	$74M

Valuation

Quarter	P/S	P/E
Q1 22	3.6x	12.2x
Q2 22	3.1x	12.3x
Q3 22	3.1x	13.4x
Q4 22	2.9x	13.7x
Q1 23	2.2x	11.4x
Q2 23	1.9x	9.5x
Q3 23	1.8x	10.3x
Q4 23	2.5x	15.3x
Q1 24	2.3x	15.4x
Q2 24	2.4x	15.5x
Q3 24	2.9x	20.4x
Q4 24	3.1x	20.8x
Q1 25	2.7x	16.8x
Q2 25	3.3x	26.9x
Q3 25	3.4x	27.4x
Q1 26	3.4x	23.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 21	$96M	$95M
Q1 22	$288M	$288M
Q2 22	$240M	$238M
Q3 22	$215M	$212M
Q4 22	$46M	$41M
Q1 23	$98M	$89M
Q2 23	$8M	$5M
Q3 23	$30M	$26M
Q4 23	$74M	$71M
Q1 24	$36M	$35M
Q2 24	$31M	$28M
Q3 24	$48M	$47M
Q4 24	$24M	$23M
Q1 25	-$16M	-$18M
Q2 25	$72M	$68M
Q3 25	$48M	$46M

Capital Expenditures

Quarter	CapEx
Q4 21	$909.0K
Q1 22	$601.0K
Q2 22	$3M
Q3 22	$3M
Q4 22	$5M
Q1 23	$9M
Q2 23	$3M
Q3 23	$4M
Q4 23	$4M
Q1 24	$2M
Q2 24	$2M
Q3 24	$1M
Q4 24	$2M
Q1 25	$2M
Q2 25	$3M
Q3 25	$2M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	-15.5%	-1.2%
Q2 22	-1.5%	+32.0%
Q3 22	-3.0%	+9.6%
Q4 22	+9.7%	+33.4%
Q1 23	+33.9%	+48.7%
Q2 23	+35.3%	+26.8%
Q3 23	+20.4%	+44.0%
Q4 23	+15.2%	+32.0%
Q1 24	+0.4%	+9.2%
Q2 24	+4.7%	+2.2%
Q3 24	-7.0%	-0.7%
Q4 24	+10.7%	+4.0%
Q1 25	+10.5%	+3.1%
Q2 25	-27.3%	+3.4%
Q3 25	+55.8%	+48.3%
Q1 26	+19.6%	+10.7%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 21	$2M	1.5%
Q1 22	$3M	1.9%
Q2 22	$3M	2.1%
Q3 22	$3M	1.7%
Q4 22	$2M	1.0%
Q1 23	$2M	1.2%
Q2 23	$3M	1.7%
Q3 23	$3M	1.5%
Q4 23	$2M	1.1%
Q1 24	$3M	1.5%
Q2 24	$2M	1.0%
Q3 24	$2M	1.4%
Q4 24	$2M	1.1%
Q1 25	$5M	2.4%
Q2 25	$3M	2.0%
Q3 25	$4M	—

OpEx Breakdown

Quarter	G&A	S&M
Q1 22	$59M	$4M
Q2 22	$55M	$2M
Q3 22	$51M	$2M
Q4 22	$46M	$3M
Q1 23	$49M	$2M
Q2 23	$52M	$2M
Q3 23	$54M	$2M
Q4 23	$48M	$2M
Q1 24	$45M	$1M
Q2 24	$46M	$2M
Q3 24	$48M	$2M
Q4 24	$45M	$2M
Q1 25	$48M	$2M
Q2 25	$47M	$2M
Q3 25	$68M	$2M
Q1 26	$71M	$2M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$639M	$1.6B	$2.3B
Q3 22	$503M	$1.5B	$2.0B
Q4 22	$817M	$1.5B	$2.3B
Q1 23	$1.3B	$1.5B	$2.7B
Q2 23	$1.1B	$1.4B	$2.5B
Q3 23	$718M	$1.3B	$2.1B
Q4 23	$728M	$978M	$1.7B
Q1 24	$770M	$1.5B	$2.2B
Q2 24	$709M	$1.5B	$2.2B
Q3 24	$854M	$1.6B	$2.4B
Q4 24	$917M	$827M	$1.7B
Q1 25	$685M	$703M	$1.4B
Q2 25	$814M	$547M	$1.4B
Q3 25	$1.3B	$1.4B	$2.7B
Q4 25	$943M	$613M	$1.6B
Q1 26	$160M	$1.5B	$1.7B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	48M	-0.4%	-0.5%
Q2 22	47M	-1.1%	-1.6%
Q3 22	47M	-0.4%	-2.0%
Q4 22	47M	+0.0%	-1.8%
Q1 23	47M	-0.6%	-2.0%
Q2 23	47M	+0.1%	-0.8%
Q3 23	47M	+0.1%	-0.4%
Q4 23	47M	+0.1%	-0.3%
Q1 24	47M	+0.2%	+0.5%
Q2 24	47M	-0.3%	+0.1%
Q3 24	47M	-0.1%	-0.1%
Q4 24	47M	+0.1%	-0.1%
Q1 25	47M	+0.3%	+0.1%
Q2 25	46M	-1.8%	-1.4%
Q3 25	54M	+16.8%	+15.3%
Q1 26	52M	-3.2%	+11.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$69.6K	2K
Q2 22	$73.1K	2K
Q3 22	$77.0K	2K
Q4 22	$93.9K	2K
Q1 23	$104.1K	2K
Q2 23	$110.4K	2K
Q3 23	$103.6K	2K
Q4 23	$119.5K	2K
Q1 24	$115.4K	2K
Q2 24	$127.6K	2K
Q3 24	$106.3K	2K
Q4 24	$141.3K	1K
Q1 25	$136.1K	1K
Q2 25	$99.0K	1K
Q3 25	$176.9K	1K
Q1 26	$157.9K	2K

Revenue / Employee