| Schedule of Quarterly Results of Operations (Unaudited) |
Summarized unaudited quarterly operating results for the Company for the years ending December 31, 2020 and 2019 are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2020 | | | | First
Quarter | | Second
Quarter | | Third
Quarter | | Fourth
Quarter | | Interest income | | $ | 69,674 | | | $ | 65,607 | | | $ | 81,127 | | | $ | 98,236 | | | Interest expense | | 13,425 | | 10,270 | | | 12,299 | | | 12,992 | | | Net interest income | | 56,249 | | 55,337 | | | 68,828 | | | 85,244 | | | Provision for credit losses | | 27,964 | | 24,039 | | | 45,834 | | | (3,231) | | | Provision for credit losses on unfunded commitments | | 1,601 | | 1,882 | | | 9,567 | | | 311 | | | Net interest income after provision for loan losses | | 26,684 | | 29,416 | | | 13,427 | | | 88,164 | | | Noninterest income | | 42,700 | | 81,491 | | | 97,026 | | | 80,638 | | | Noninterest expense | | 68,559 | | 80,579 | | | 118,092 | | | 109,855 | | | Income tax expense (benefit) | | 80 | | 7,455 | | | (2,040) | | | 13,337 | | Net income (loss) attributable to FB Financial Corporation and noncontrolling interest | | $ | 745 | | | $ | 22,873 | | | $ | (5,599) | | | $ | 45,610 | | | Net income applicable to noncontrolling interest | | — | | | — | | | — | | | 8 | | | Net income (loss) applicable to FB Financial Corporation | | $ | 745 | | | $ | 22,873 | | | $ | (5,599) | | | $ | 45,602 | | | Weighted average common shares outstanding: | | | | | | | | | | Basic | | 31,257,739 | | 32,094,274 | | | 40,154,841 | | | 47,204,738 | | | Fully diluted | | 31,734,112 | | 32,506,417 | | | 40,637,745 | | | 47,791,659 | | | Earnings per share | | | | | | | | | | Basic | | $ | 0.02 | | | $ | 0.71 | | | $ | (0.14) | | | $ | 0.97 | | | Fully diluted | | $ | 0.02 | | | $ | 0.70 | | | $ | (0.14) | | | $ | 0.95 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2019 | | | | First
Quarter | | Second
Quarter | | Third
Quarter | | Fourth
Quarter | | Interest income | | $ | 65,933 | | | $ | 71,719 | | | $ | 73,242 | | | $ | 71,643 | | | Interest expense | | 12,917 | | | 14,696 | | | 14,937 | | | 13,951 | | | Net interest income | | 53,016 | | | 57,023 | | | 58,305 | | | 57,692 | | | Provision for loan losses | | 1,391 | | | 881 | | | 1,831 | | | 2,950 | | | Net interest income after provision for loan losses | | 51,625 | | | 56,142 | | | 56,474 | | | 54,742 | | | Noninterest income | | 29,039 | | | 32,979 | | | 38,145 | | | 35,234 | | | Noninterest expense | | 55,101 | | | 64,119 | | | 62,935 | | | 62,686 | | | Income tax expense | | 5,975 | | | 6,314 | | | 7,718 | | | 5,718 | | | Net income | | $ | 19,588 | | | $ | 18,688 | | | $ | 23,966 | | | $ | 21,572 | | | Weighted average common shares outstanding: | | | | | | | | | | Basic | | 30,786,684 | | | 30,859,596 | | | 30,899,583 | | | 30,934,092 | | | Fully diluted | | 31,349,198 | | | 31,378,018 | | | 31,425,573 | | | 31,470,565 | | | Earnings per share | | | | | | | | | | Basic | | $ | 0.63 | | | $ | 0.60 | | | $ | 0.77 | | | $ | 0.69 | | | Fully diluted | | $ | 0.62 | | | $ | 0.59 | | | $ | 0.76 | | | $ | 0.68 | |
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