FB Financial Corp

FB Financial Corp is a Nashville-based financial holding company that operates through its bank subsidiary, FirstBank. It provides commercial and consumer banking, mortgage banking, and related fee-based services across select markets in Tennessee and neighboring Southeastern states.

— FB Financial Corp
%
Banking75% Core commercial and consumer banking services, including loans, deposits, fees, and treasury-related income.
Mortgage25% Retail mortgage banking activities, including origination fees, secondary-market gains, and servicing revenue.

The company serves commercial borrowers, retail consumers, and local businesses in its branch footprint, with a strong...

  • Commercial banking clientsprimary

    Businesses in Tennessee and nearby markets that borrow, deposit cash, and use fee-based banking services.

  • Consumer banking clientsprimary

    Households using deposit accounts, consumer loans, and branch-based banking services.

  • Mortgage borrowerssecondary

    Homebuyers and refinancing customers who use FirstBank for mortgage origination and servicing.

  • Deposit and treasury customersprimary

    Customers providing low-cost funding through transaction and savings deposits.

  • Wealth and trust clientssecondary

    Customers using trust and investment services for fee income and relationship deepening.

FB Financial is concentrated in the southeastern United States, with its headquarters in Nashville and a large branch...

  • •Headquartered in Nashville, Tennessee
  • •Primary banking footprint across Tennessee markets
  • •Branches in Alabama, Kentucky, and North Georgia
  • •Mortgage banking offices across the southeastern U.S.
  • •Local-market concentration increases competition sensitivity

The company is focused on maintaining strong capital, growing core banking relationships, and integrating acquisitions...

01
Capital preservation and balance-sheet strengthshort-term

Strong capital supports lending capacity, regulatory compliance, and acquisition optionality.

02
Acquisition integrationshort-term

Successful integration can expand market share and improve operating leverage.

03
Technology and delivery-channel modernizationmedium-term

Digital capabilities are needed to retain customers and compete with larger banks and fintechs.

FB Financial faces credit risk, interest-rate sensitivity, and intense competition in its core markets, especially...

high

Credit and loan losses

The majority of assets are loans, so borrower stress directly affects earnings and capital.

Scope
Commercial and consumer loan portfolios
Materiality
high
high

Competitive pressure in Nashville and other core markets

Larger banks, community banks, and non-bank lenders compete for the same deposits and loans.

Scope
Core Tennessee footprint
Materiality
high
high

Merger and integration execution risk

Acquisitions can create systems, control, and cost-synergy risks if integration is delayed or incomplete.

Scope
Southern States merger and future acquisitions
Materiality
high
high

Cybersecurity and operational resilience

Technology dependence increases exposure to outages, fraud, and data privacy incidents.

Scope
Digital banking and internal systems
Materiality
high
medium

Disintermediation from fintech and alternative payment channels

Customers may move deposits and transactions away from banks, reducing fee income and funding.

Scope
Deposit base and transaction services
Materiality
medium
Allowance for credit losses
Higher expected losses reduce net income and book value
Acquisition accounting and fair value estimates
Can affect goodwill, intangibles, and future amortization
Goodwill impairment
Potential non-cash charge to equity and earnings
Available-for-sale securities valuation
Affects shareholders' equity and regulatory capital
Mortgage revenue recognition
Quarterly revenue can be uneven

FIRST FINANCIAL CORP /IN/

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: 28/04/2026