FB Financial Management

Management criteria checks 1/4

FB Financial's CEO is Chris Holmes, appointed in Jan 2012, has a tenure of 12.42 years. total yearly compensation is $2.96M, comprised of 24% salary and 76% bonuses, including company stock and options. directly owns 0.89% of the company’s shares, worth €14.71M. The average tenure of the management team and the board of directors is 1.9 years and 6.3 years respectively.

Key information

Chris Holmes

Chief executive officer

US$3.0m

Total compensation

CEO salary percentage	24.0%
CEO tenure	12.4yrs
CEO ownership	0.9%
Management average tenure	1.9yrs
Board average tenure	6.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Chris Holmes's remuneration changed compared to FB Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$112m
Dec 31 2023	US$3m	US$711k	US$120m
Sep 30 2023	n/a	n/a	US$129m
Jun 30 2023	n/a	n/a	US$142m
Mar 31 2023	n/a	n/a	US$126m
Dec 31 2022	US$2m	US$725k	US$125m
Sep 30 2022	n/a	n/a	US$135m
Jun 30 2022	n/a	n/a	US$149m
Mar 31 2022	n/a	n/a	US$173m
Dec 31 2021	US$3m	US$620k	US$190m
Sep 30 2021	n/a	n/a	US$187m
Jun 30 2021	n/a	n/a	US$136m
Mar 31 2021	n/a	n/a	US$116m
Dec 31 2020	US$3m	US$536k	US$64m
Sep 30 2020	n/a	n/a	US$39m
Jun 30 2020	n/a	n/a	US$69m
Mar 31 2020	n/a	n/a	US$65m
Dec 31 2019	US$2m	US$478k	US$83m
Sep 30 2019	n/a	n/a	US$79m
Jun 30 2019	n/a	n/a	US$76m
Mar 31 2019	n/a	n/a	US$80m
Dec 31 2018	US$2m	US$433k	US$80m
Sep 30 2018	n/a	n/a	US$86m
Jun 30 2018	n/a	n/a	US$73m
Mar 31 2018	n/a	n/a	US$62m
Dec 31 2017	US$2m	US$415k	US$52m

Compensation vs Market: Chris's total compensation ($USD2.96M) is above average for companies of similar size in the German market ($USD1.53M).

Compensation vs Earnings: Chris's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Chris Holmes (60 yo)

12.4yrs

Tenure

US$2,960,086

Compensation

Mr. Christopher T. Holmes, also known as Chris, was named President of FirstBank in 2012 and CEO in 2013 as part of a planned transition of the FirstBank's executive leadership. While his career has includ...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Christopher Holmes	President	12.4yrs	US$2.96m	0.89% $ 14.7m
Michael Mettee	Chief Financial Officer	4.2yrs	US$985.70k	0.049% $ 818.2k
Mark Hickman	Chief Human Resources Officer	no data	US$800.29k	no data
Robert Peery	Chief Innovations Officer & Senior VP	no data	US$902.65k	0.11% $ 1.9m
Travis Edmondson	Chief Banking Officer	no data	US$879.85k	0.064% $ 1.1m
Scott Tansil	Chief Operations Officer	less than a year	no data	0.017% $ 277.4k
Jonathan Pennington	Chief Accounting Officer	1.3yrs	no data	no data
Elizabeth Sims	General Counsel & Corporate Secretary	no data	no data	0.042% $ 698.4k
David Burden	Director of Corporate Development	less than a year	no data	no data
James Bowers	Chief Credit Officer	no data	US$1.23m	0.017% $ 282.7k
Aimee Hamilton	Chief Risk Officer	2.6yrs	US$613.61k	0.0042% $ 69.5k
Kimberly Phegley	Chief Audit Executive	no data	no data	no data

1.9yrs

Average Tenure

51.5yo

Average Age

Experienced Management: 2J2's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Christopher Holmes	President	14.4yrs	US$2.96m	0.89% $ 14.7m
R. Johnson	Independent Director	less than a year	no data	no data
William Carpenter	Chairman of the Board	4.4yrs	US$150.56k	0.040% $ 668.5k
Orrin Ingram	Independent Director	18.4yrs	US$115.37k	0.19% $ 3.1m
James Cross	Independent Director	3.8yrs	US$105.53k	0.12% $ 2.0m
Melody Sullivan	Independent Director	3.8yrs	US$115.00k	0.068% $ 1.1m
Emily Reynolds	Independent Director	7.4yrs	US$115.54k	0.038% $ 624.9k
Agenia Clark	Independent Director	7.2yrs	US$115.61k	0.025% $ 406.4k
C. Wright Pinson	Director	2.1yrs	US$100.55k	0.041% $ 684.1k
Raja Jubran	Independent Director	5.4yrs	US$100.53k	0.097% $ 1.6m
James Exum	Independent Director	7.2yrs	US$115.53k	0.017% $ 287.0k
J. Ayers	Director	7.4yrs	US$100.53k	0.034% $ 567.8k

6.3yrs

Average Tenure

66yo

Average Age

Experienced Board: 2J2's board of directors are considered experienced (6.3 years average tenure).

FB Financial Management

Management criteria checks 1/4

Key information

Recent management updates

FB Financial Corporation, Annual General Meeting, May 23, 2024

FB Financial Corporation Appoints Milton Johnson as Board of Directors, Effective March 1, 2024

Insider recently bought €183k worth of stock

Insider recently bought €354k worth of stock

Insider recently bought €258k worth of stock

Insider recently bought €182k worth of stock

Recent updates

First quarter 2024 earnings released: EPS: US$0.60 (vs US$0.78 in 1Q 2023)

First quarter dividend of US$0.17 announced

Fb Financial Corporation Increases Regular Quarterly Dividend, Payable on May 28, 2024

FB Financial Corporation Reports Net Charge-Offs for the First Quarter Ended March 31, 2024

First quarter 2024 earnings released: EPS: US$0.59 (vs US$0.78 in 1Q 2023)

FB Financial Corporation, Annual General Meeting, May 23, 2024

FB Financial Corporation to Report Q1, 2024 Results on Apr 15, 2024

FB Financial Corporation (NYSE:FBK) announces an Equity Buyback for $100 million worth of its shares.

Full year 2023 earnings released: EPS: US$2.57 (vs US$2.64 in FY 2022)

FB Financial Corporation Appoints Milton Johnson as Board of Directors, Effective March 1, 2024

Fourth quarter dividend of US$0.17 announced

Fb Financial Corporation Declares Quarterly Cash Dividend, Payable on February 27, 2024

Full year 2023 earnings released: EPS: US$2.57 (vs US$2.64 in FY 2022)

Now 21% undervalued

Fb Financial Corporation Declares Regular Quarterly Dividend, Payable on November 21, 2023

Third quarter 2023 earnings released: EPS: US$0.41 (vs US$0.68 in 3Q 2022)

FB Financial Corporation to Report Q3, 2023 Results on Oct 16, 2023

Insider recently bought €183k worth of stock

Insider recently bought €354k worth of stock

Investor sentiment improves as stock rises 17%

Second quarter 2023 earnings released: EPS: US$0.75 (vs US$0.41 in 2Q 2022)

Investor sentiment improves as stock rises 16%

Insider recently bought €258k worth of stock

Insider recently bought €182k worth of stock

Independent Director recently bought €187k worth of stock

Full year 2022 earnings released: EPS: US$2.64 (vs US$4.01 in FY 2021)

FB Financial Corporation Declares Quarterly Cash Dividend, Payable on February 21, 2023

Full year 2022 earnings released: EPS: US$2.64 (vs US$4.01 in FY 2021)

FB Financial Corporation to Report Q4, 2022 Results on Jan 17, 2023

Investor sentiment deteriorated over the past week

Insider recently bought €1.8m worth of stock

President of FB Ventures recently sold €2.5m worth of stock

High number of new directors

Independent Director recently sold €116k worth of stock

Fb Financial Corporation Declares Regular Quarterly Dividend, Payable on November 23, 2022

Insider recently bought €2.0m worth of stock

Third quarter 2022 earnings released: EPS: US$0.68 (vs US$0.95 in 3Q 2021)

FB Financial Corporation to Report Q3, 2022 Results on Oct 17, 2022

First Bank Appoints Bill Carpenter as Chairman of the Board of Directors

FB Financial Corporation Elects Bill Carpenter as Chairman of the Board of Directors

FB Financial Corporation Declares Regular Quarterly Dividend, August 22, 2022

Second quarter 2022 earnings released: EPS: US$0.41 (vs US$0.91 in 2Q 2021)

FB Financial Corporation Reports Net Charge-Off for the Second Quarter Ended June 30, 2022

FB Financial Corporation to Report Q2, 2022 Results on Jul 18, 2022

FB Financial Corporation and FirstBank Announce Retirement of Stuart C. Mcwhorter as Chairman and A Member of the Boards of Directors, Effective July 31, 2022

FB Financial Corporation Approves Appointment of C. Wright Pinson as Director

First quarter 2022 earnings released: EPS: US$0.74 (vs US$1.12 in 1Q 2021)

FB Financial Corporation Declares Regular Quarterly Dividend, Payable on May 23, 2022

First quarter 2022 earnings released: EPS: US$0.74 (vs US$1.12 in 1Q 2021)

FB Financial Corporation to Report Q1, 2022 Results on Apr 18, 2022

FB Financial Corporation, Annual General Meeting, May 19, 2022

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

FB Financial Corporation and FirstBank Announces Retirement of Members of the Board

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Third quarter 2021 earnings released: EPS US$0.95 (vs US$0.14 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS US$0.90 (vs US$0.71 in 2Q 2020)

FB Financial Corporation has completed a Follow-on Equity Offering in the amount of $102.1 million.

FB Financial Corporation Declares Regular Quarterly Cash Dividend, Payable on May 24, 2021

First quarter 2021 earnings released: EPS US$1.12 (vs US$0.024 in 1Q 2020)

Full year 2020 earnings released: EPS US$1.69 (vs US$2.70 in FY 2019)

Executive Officer recently sold €625k worth of stock

Executive Officer recently sold €607k worth of stock

New 90-day high: €32.20

FB Financial Corporation(NYSE:FBK) dropped from Russell 2000 Dynamic Index

New 90-day high: €31.20

FB Financial Corporation to Report Q4, 2020 Results on Jan 25, 2021

New 90-day high: €29.40

Independent Director recently sold €66k worth of stock

FirstBank and FB Financial Corporation Announce Executive Changes