FB Financial Corporation (NYSE: FBK) reported Q2 EPS of $0.74, $0.26 better than the analyst estimate of $0.48.

President and Chief Executive Officer, Christopher T. Holmes stated, "The second quarter of 2020 was a unique and challenging environment for our Company. During the second quarter, we assisted our customers by approving and funding over 2,900 Paycheck Protection Program ("PPP") loans totaling $314.7 million for small businesses, preserving jobs for over 36,000 employees in our communities and now we are focused on maintaining close relationships with these businesses as they proceed to the forgiveness phase. We anticipate recognizing an estimated $5.5 million in deferred origination fees, net of third party costs and deferred salaries, over the remaining life of the PPP loan portfolio. Additionally, we reached out to our customers and deferred loan payments for over 1,950 consumers and businesses totaling $918.3 million and we are now working with each customer individually to assist as appropriate on a go forward basis. Between our team's ability to operate in this unprecedented environment and the caring and compassion that they have shown for our customers and their fellow associates, I have never been more proud to be part of the FirstBank team. We have built on relationships and developed a trust with our customers and communities that will be a growth catalyst for years to come."

Holmes commented further, "In the face of these challenges, we positioned the Company for the road ahead by improving our liquidity position, increasing our credit reserve and building our capital through a very strong adjusted pre-tax, pre-provision ROAA of 3.29%. We also completed our conversion of Farmers National Bank of Scottsville (KY) ("Farmers National") and continued working towards the closing of our pending merger with Franklin Financial Network, Inc. ("Franklin" and the "Franklin merger")."

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