FB Financial Corporation Earnings Summary — Q1 2026

• Net Interest Income rose significantly to $145.97 million, a 35.6% increase compared to the prior year period.
• The company demonstrated a massive recovery in revenue, surging to $142.94 million from a depressed $27.56 million in the previous quarter.
• Pretax Income swung back to a positive $74.15 million, following a substantial loss of $79.99 million in Q4 2025.
• Operating efficiency improved as total non-interest expenses were reduced to $95.16 million from $107.55 million in the prior quarter.
• The bank's focus on commercially-led community banking continues to stabilize earnings despite volatility in non-interest income segments.
• Shares outstanding decreased slightly to 52 million, suggesting ongoing capital management or buyback activity.

Management remains focused on 'community banking at scale,' prioritizing high-growth metropolitan markets in the Southeast US such as Nashville and Atlanta while maintaining a conservative credit culture.

Improving

The company has successfully rebounded from a difficult Q4 2025 characterized by pretax losses, returning to strong profitability and healthy net interest margins.

The outlook remains constructive as the bank leverages its dominant regional presence in Tennessee to capture market share from national competitors while navigating interest rate cycles with a high-quality loan portfolio.