FB Financial Corporation (FBK) Tops Q4 EPS by 4c, Revenues Beat

FB Financial Corporation (NYSE: FBK) reported Q4 EPS of $0.70, $0.04 better than the analyst estimate of $0.66. Revenue for the quarter came in at $92.93 million versus the consensus estimate of $89.3 million.

• Reported diluted EPS of $0.68 with ROAA of 1.39% and ROATCE of 14.9%
• Adjusted diluted EPS of $0.70, up 27.3% over Q4 2018, with ROAA of 1.42% and ROATCE of 15.2%
• Separately Announced Strategic Merger with Franklin Financial Network, Inc.

President and Chief Executive Officer, Christopher T. Holmes stated, “Our fourth quarter results reflect the continued execution by our team and the strength of our markets. Our growth is a direct result of our continued focus on our customers across all of our markets. In addition to the solid 5.87% loan growth, the team produced strong adjusted returns on average assets of 1.42% and average tangible common equity of 15.2% for the quarter.”

Holmes further commented, “During the year, we completed the mortgage restructuring, completed the Atlantic Capital branch acquisition, and announced the merger with Farmers National Bank of Scottsville (KY). In addition to these milestone accomplishments, we had impressive organic growth, top tier profitability, good growth in tangible book value and energized associates. We are extremely excited about the future and have strong momentum as we head into 2020, including our announcement today of our proposed merger with Franklin Financial Network, Inc.”

For earnings history and earnings-related data on FB Financial Corporation (FBK) click here.

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