FB Financial Corporation Reports First Quarter 2020 Results

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Go back to FB Financial Corporation Reports First Quarter 2020 Results

FB Financial Corporation (FBK) Misses Q1 EPS by 38c, Revenues Beat

April 27, 2020 4:30 PM EDT

FB Financial Corporation (NYSE: FBK) reported Q1 EPS of $0.17, $0.38 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $98.95 million versus the consensus estimate of $91.16 million.

Reported net income of $0.7 million, or diluted EPS of $0.02, reflecting the impact of COVID-19 pandemicAdjusted PTPP earnings* were $33.4 million for the first quarter, up 8.1% from Q4 2019Adopted CECL increasing ACL by $30.9 millionRecorded provisions for credit losses of... More