Consolidated statements of income - USD ($)
$ in Thousands |
12 Months Ended |
Dec. 31, 2020 |
Dec. 31, 2019 |
Dec. 31, 2018 |
| Interest income: |
|
|
|
| Interest and fees on loans |
$ 294,596
|
$ 260,458
|
$ 221,001
|
| Interest on securities |
|
|
|
| Taxable |
10,267
|
13,223
|
12,397
|
| Tax-exempt |
7,076
|
4,805
|
4,047
|
| Other |
2,705
|
4,051
|
2,126
|
| Total interest income |
314,644
|
282,537
|
239,571
|
| Interest expense: |
|
|
|
| Deposits |
42,859
|
51,568
|
29,536
|
| Borrowings |
6,127
|
4,933
|
5,967
|
| Total interest expense |
48,986
|
56,501
|
35,503
|
| Net interest income |
265,658
|
226,036
|
204,068
|
| Provision for credit losses |
94,606
|
7,053
|
5,398
|
| Provision for credit losses on unfunded commitments |
13,361
|
0
|
0
|
| Net interest income after provisions for credit losses |
157,691
|
218,983
|
198,670
|
| Noninterest income: |
|
|
|
| Gain (loss) from securities, net |
1,631
|
57
|
(116)
|
| (Loss) gain on sales or write-downs of other real estate owned |
(1,491)
|
545
|
(99)
|
| (Loss) gain from other assets |
(90)
|
(104)
|
328
|
| Other income |
15,322
|
7,099
|
6,172
|
| Total noninterest income |
301,855
|
135,397
|
130,642
|
| Noninterest expenses: |
|
|
|
| Salaries, commissions and employee benefits |
233,768
|
152,084
|
136,892
|
| Occupancy and equipment expense |
18,979
|
15,641
|
13,976
|
| Legal and professional fees |
7,654
|
7,486
|
7,903
|
| Data processing |
11,390
|
10,589
|
9,100
|
| Merger costs |
34,879
|
|
|
| Amortization of core deposit and other intangibles |
5,323
|
4,339
|
3,185
|
| Advertising |
10,062
|
9,138
|
13,139
|
| Other expense |
55,030
|
40,179
|
37,669
|
| Total noninterest expense |
377,085
|
244,841
|
223,458
|
| Income before income taxes |
82,461
|
109,539
|
105,854
|
| Income tax expense |
18,832
|
25,725
|
25,618
|
| Net income applicable to FB Financial Corporation and noncontrolling interest |
63,629
|
83,814
|
80,236
|
| Net income applicable to noncontrolling interest |
8
|
0
|
0
|
| Net income applicable to FB Financial Corporation |
$ 63,621
|
$ 83,814
|
$ 80,236
|
| Earnings per common share |
|
|
|
| Basic (in dollars per share) |
$ 1.69
|
$ 2.70
|
$ 2.60
|
| Diluted (in dollars per share) |
$ 1.67
|
$ 2.65
|
$ 2.55
|
| Mortgage banking income |
|
|
|
| Noninterest income: |
|
|
|
| Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income |
$ 255,328
|
$ 100,916
|
$ 100,661
|
| Service charges on deposit accounts |
|
|
|
| Noninterest income: |
|
|
|
| Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income |
9,160
|
9,479
|
8,502
|
| ATM and interchange fees |
|
|
|
| Noninterest income: |
|
|
|
| Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income |
14,915
|
12,161
|
10,013
|
| Investment services and trust income |
|
|
|
| Noninterest income: |
|
|
|
| Mortgage banking income, service charges on deposit accounts, ATM and interchange fees, investment services and trust income |
$ 7,080
|
$ 5,244
|
$ 5,181
|