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

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

FB Financial Corporation Reports First Quarter 2020 Results

April 27, 2020 4:15 PM EDT

Reported net income of $0.7 million, or diluted EPS of $0.02, reflecting the impact of COVID-19 pandemic

Adjusted PTPP earnings* were $33.4 million for the first quarter, up 8.1% from Q4 2019

Adopted CECL increasing ACL by $30.9 million

Recorded provisions for credit losses of $29.6 million; building ACL to 1.95% of loans HFI

NASHVILLE, Tenn.--(BUSINESS WIRE)-- FB Financial Corporation (the Company) (NYSE: FBK), parent company of FirstBank, reported net income of $0.7 million, or $0.02 per diluted common... More