v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting Segment reporting
The Company and the Bank are engaged in the business of banking and provide a full range of financial services to its customers. The Company determines reportable segments based on the significance of the segment’s operating results to the overall Company, the products and services offered, customer characteristics, processes and service delivery of the segments and the regular financial performance review and allocation of resources by the Chief Executive Officer, the Company’s chief operating decision maker. The Company has identified two distinct reportable segments—Banking and Mortgage. The Company’s primary segment is Banking, which provides a full range of deposit and lending products and services to corporate, commercial and consumer customers. The Company also originates conforming residential mortgage loans through its Mortgage segment, whose activities include the servicing of residential mortgage loans and securitization of loans to third-party private investors or government sponsored agencies.
The chief operating decision maker uses income before income taxes as the measure of segment profit or loss to assess the performance of and allocate resources to each segment. Interest income provides the primary revenue in the Banking segment, and mortgage banking income provides the primary revenue in the Mortgage segment. Interest expense, provision for credit losses, salaries, commissions, employee benefits and merger and integration costs provide the significant expenses in the Banking segment, and salaries, commissions and employee benefits provide the significant expenses in the Mortgage segment. These figures are regularly provided to the chief operating decision maker and are monitored through budget-to-actual variance review.
The Company assigns a transfer rate to allocate net interest income to products and business segments. Through this process, the Company formulates a loan funding charge and a deposit funding credit for its entire loan and deposit portfolios. The intent of the transfer rate methodology is to transfer interest rate risk among the segments and allow management to better measure the net interest margin contribution of its products and business segments. Changes in management structure or allocation methodologies and procedures result in changes in reported segment financial data. Prior period results have been adjusted to conform to the current methodology.
The following tables present selected financial information with respect to the Company’s reportable segments for the three and six months ended June 30, 2026 and 2025.
Three Months Ended June 30, 2026
Banking(2)
MortgageConsolidated
Interest income$226,981 $2,457 $229,438 
Interest expense81,549 (1,083)80,466 
Net interest income145,432 3,540 148,972 
Provisions for credit losses9,139 977 10,116 
Net interest income after provision for credit losses136,293 2,563 138,856 
Mortgage banking income— 11,170 11,170 
Other noninterest income14,403 207 14,610 
Total noninterest income14,403 11,377 25,780 
Salaries, commissions and employee benefits46,517 6,815 53,332 
Depreciation and amortization 3,070 9 3,079 
Amortization of intangibles1,804 — 1,804 
Other noninterest expense(1)
27,728 5,537 33,265 
Total noninterest expense79,119 12,361 91,480 
Income before income taxes$71,577 $1,579 $73,156 
Income tax expense14,499 
Net income applicable to FB Financial Corporation and noncontrolling
   interest		58,657 
Net income applicable to noncontrolling interest(2)
8 
Net income applicable to FB Financial Corporation$58,649 
Total assets$16,015,694 $780,407 $16,796,101 
Goodwill350,353 — 350,353 
(1) Other noninterest expense includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Additionally, other noninterest expense for Mortgage includes servicing expenses.
(2) Banking segment includes noncontrolling interest
Six Months Ended June 30, 2026
Banking(2)
MortgageConsolidated
Interest income$450,399 $4,389 $454,788 
Interest expense161,845 (1,994)159,851 
Net interest income288,554 6,383 294,937 
Provisions for credit losses 11,126 2,014 13,140 
Net interest income after provision for credit losses277,428 4,369 281,797 
Mortgage banking income— 23,423 23,423 
Other noninterest income28,365 367 28,732 
Total noninterest income28,365 23,790 52,155 
Salaries, commissions and employee benefits95,881 14,799 110,680 
Merger and integration costs1,447 — 1,447 
Depreciation and amortization6,201 21 6,222 
Amortization of intangibles3,673 — 3,673 
Other noninterest expense(1)
53,493 11,129 64,622 
Total noninterest expense160,695 25,949 186,644 
Income before income taxes$145,098 $2,210 $147,308 
Income tax expense31,125 
Net income applicable to FB Financial Corporation and noncontrolling
interest
116,183 
Net income applicable to noncontrolling interest(2)
8 
Net income applicable to FB Financial Corporation$116,175 
Total assets$16,015,694 $780,407 $16,796,101 
Goodwill350,353 — 350,353 
(1) Other noninterest expense includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Additionally, other noninterest expense for Mortgage includes servicing expenses.
(2) Banking segment includes noncontrolling interest
Three Months Ended June 30, 2025
Banking(2)
MortgageConsolidated
Interest income$180,960 $1,124 $182,084 
Interest expense72,051 (1,382)70,669 
Net interest income108,909 2,506 111,415 
Provision for credit losses582 4,755 5,337 
Net interest income after provision for credit losses108,327 (2,249)106,078 
Mortgage banking income— 13,029 13,029 
Other noninterest (loss) income(47,720)139 (47,581)
Total noninterest income(47,720)13,168 (34,552)
Salaries, commissions and employee benefits38,635 7,996 46,631 
Merger and integration costs2,734 — 2,734 
Depreciation and amortization2,849 19 2,868 
Amortization of intangibles631 — 631 
Other noninterest expense(1)
22,481 5,916 28,397 
Total noninterest expense67,330 13,931 81,261 
Loss before income taxes$(6,723)$(3,012)$(9,735)
Income tax benefit(12,652)
Net income applicable to FB Financial Corporation and noncontrolling
   interest		2,917 
Net income applicable to noncontrolling interest(2)
8 
Net income applicable to FB Financial Corporation$2,909 
Total assets$12,736,830 $617,408 $13,354,238 
Goodwill 242,561 — 242,561 
(1) Other noninterest expense includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Additionally, other noninterest expense for Mortgage includes servicing expenses.
(2) Banking segment includes noncontrolling interest
Six Months Ended June 30, 2025
Banking(2)
MortgageConsolidated
Interest income$359,875 $1,915 $361,790 
Interest expense145,207 (2,473)142,734 
Net interest income214,668 4,388 219,056 
Provisions for credit losses 2,771 4,858 7,629 
Net interest income after provision for credit losses211,897 (470)211,427 
Mortgage banking income— 25,455 25,455 
Other noninterest (loss) income(37,060)85 (36,975)
Total noninterest (loss) income(37,060)25,540 (11,520)
Salaries, commissions and employee benefits80,104 14,878 94,982 
Merger and integration costs3,135 — 3,135 
Depreciation and amortization5,592 43 5,635 
Amortization of intangibles1,287 — 1,287 
Other noninterest expense(1)
44,121 11,650 55,771 
Total noninterest expense134,239 26,571 160,810 
Income (loss) before income taxes$40,598 $(1,501)$39,097 
Income tax benefit(3,181)
Net income applicable to FB Financial Corporation and noncontrolling
interest
42,278 
Net income applicable to noncontrolling interest(2)
8 
Net income applicable to FB Financial Corporation$42,270 
Total assets$12,736,830 $617,408 $13,354,238 
Goodwill242,561 — 242,561 
(1) Other noninterest expense includes expenses for occupancy and equipment expense, data processing, advertising, legal and professional fees and other expenses. Additionally, other noninterest expense for Mortgage includes servicing expenses.
(2) Banking segment includes noncontrolling interest