Raymond James analyst Steve Moss reiterated a Market Perform rating on FB Financial (NYSE: FBK).

The analyst comments "FBK reported solid 1Q25 results (1.2% core ROA) that were largely in line with expectations. Credit metrics improved, as NPLs declined and NCOs were almost entirely driven by a single, idiosyncratic C&I relationship. Additionally, FBK reiterated its high-single-digit/low-double-digit loan growth outlook for 2025 despite recent economic uncertainty, supported by a strong pipeline and recent market expansions. FBK also reiterated expectations for the recently-announced Southern States Bancshares (SSBK/$31.89/not covered) transaction (details below), which is expected to close in 3Q25 and will add to the bank’s scale in attractive Alabama and Georgia markets. While expenses were higher than expected, driven by performance-based compensation, we view overall results and outlook positively and consistent with our expectations. FBK’s economically resilient markets, strong capital and liquidity position, and robust loan loss reserves position the bank well to play offense, while having the balance sheet strength to protect against a more challenging economic backdrop. We find the bank’s current premium valuation fair at 11.1x our 2025 EPS estimates, versus peers at 10.1x, and reiterate our Market Perform rating."

For an analyst ratings summary and ratings history on FB Financial click here. For more ratings news on FB Financial click here.

Shares of FB Financial closed at $41.15 yesterday.