v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income attributable to FB Financial Corporation and noncontrolling interest $ 116,183 $ 42,278
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization of fixed assets and software 6,222 5,635
Amortization of core deposit and other intangibles 3,673 1,287
Amortization of subordinated debt issuance costs and fair value premium, net 658 194
Capitalization of mortgage servicing rights (2,553) (1,649)
Net change in fair value of mortgage servicing rights 5,974 10,223
Stock-based compensation expense 6,637 7,813
Provision for credit losses on loans HFI 13,477 804
(Reversal of) provision for credit losses on unfunded commitments (337) 6,825
Provision for mortgage loan repurchases 221 95
(Accretion) amortization of discounts and premiums on acquired loans, net (11,346) 60
Accretion of premiums and discounts on securities, net (1,741) (1,235)
(Gain) loss from investment securities, net (1) 60,533
Originations of loans held for sale (672,302) (642,515)
Proceeds from sale of loans held for sale 694,642 632,634
Gain on sale and change in fair value of loans held for sale (17,914) (18,742)
Net loss on write-downs of premises and equipment, other real estate owned and other assets 697 389
Provision for deferred income taxes 2,273 1,332
Equity method investment loss 1,096 1,175
Earnings on bank-owned life insurance (2,156) (872)
Changes in:    
Operating lease assets and liabilities, net (902) (536)
Other assets and interest receivable (7,548) (16,584)
Accrued expenses and other liabilities (28,445) (33,820)
Net cash provided by operating activities 106,508 55,324
Activity in available-for-sale securities:    
Sales 0 266,454
Maturities, prepayments and calls 132,824 134,661
Purchases (196,538) (181,843)
Purchases of equity securities (6,000) 0
Proceeds from sales of equity securities 156 0
Net change in loans (478,916) (279,745)
Net purchases of FHLB stock (8,251) (877)
Purchases of Federal Reserve stock (275) 0
Purchases of premises and equipment (3,401) (5,069)
Proceeds from the sale of premises and equipment 0 1,850
Proceeds from the sale of other real estate owned 4,120 4,412
Proceeds from the sale of other assets 1,232 665
Proceeds from bank-owned life insurance 2,837 690
Net cash used in investing activities (552,212) (58,802)
Cash flows from financing activities:    
Net increase in deposits 437,205 193,036
Net decrease in securities sold under agreements to repurchase and federal funds purchased (28,335) (2,068)
Net increase in short-term FHLB advances 125,000 0
Stock-based compensation withholding payments (4,034) (2,664)
Net proceeds from sale of common stock under employee stock purchase program 509 424
Repurchase of common stock (106,037) (44,146)
Dividends paid on common stock (21,687) (17,568)
Dividend equivalent payments made upon vesting of equity compensation (447) (287)
Noncontrolling interest distribution (8) (8)
Net cash provided by financing activities 402,166 126,719
Net change in cash and cash equivalents (43,538) 123,241
Cash and cash equivalents at beginning of the period 1,155,895 1,042,488
Cash and cash equivalents at end of the period 1,112,357 1,165,729
Supplemental cash flow information:    
Interest paid 160,612 145,025
Taxes paid, net of refunds 26,793 11,659
Supplemental noncash disclosures:    
Transfers from loans HFI to other real estate owned 3,592 3,297
Transfers from loans HFI to other assets 3,219 2,927
Transfers from loans HFI to loans held for sale 0 3,962
Transfers from loans held for sale to loans HFI 3,037 4,753
Loans HFI provided for sales of other assets 846 1,444
Increase (decrease) in rebooked GNMA loans under optional repurchase program 4,476 (10,380)
Dividends declared not paid on restricted stock units and performance stock units 284 210
Right-of-use assets obtained in exchange for operating lease liabilities $ 1,082 $ 2,119