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FB Financial

NYSE:FBK
Snowflake Description

Flawless balance sheet with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
FBK
NYSE
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The last earnings update was 23 days ago. More info.


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FBK Share Price and Events
7 Day Returns
1.2%
NYSE:FBK
0.4%
US Banks
0.5%
US Market
1 Year Returns
-16.5%
NYSE:FBK
-10%
US Banks
2%
US Market
FBK Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
FB Financial (FBK) 1.2% -6.7% -12.2% -16.5% - -
US Banks 0.4% 6.9% -1.3% -10% 55.9% 45.7%
US Market 0.5% 6.3% 1.9% 2% 45.1% 40.5%
1 Year Return vs Industry and Market
  • FBK underperformed the Banks industry which returned -10% over the past year.
  • FBK underperformed the Market in United States of America which returned 2% over the past year.
Price Volatility
FBK
Industry
5yr Volatility vs Market

FBK Value

 Is FB Financial undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of FB Financial to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for FB Financial.

NYSE:FBK Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $25.55 * 12.6%
$3.22
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. $25.55
Discount Rate (Cost of Equity) See below 11.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:FBK
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 7.3%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.63
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.634 (1 + (1- 21%) (21.66%))
1.225
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.23
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.225 * 7.27%)
11.64%

Discounted Cash Flow Calculation for NYSE:FBK using Excess Returns Model Model

The calculations below outline how an intrinsic value for FB Financial is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:FBK Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (12.6% – 11.64%) * $25.55)
$0.24
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.24 / (11.64% - 2.73%)
$2.74
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $25.55 + $2.74
$28.28
NYSE:FBK Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.28
Current discount Discount to share price of $34.22
= -1 x ($34.22 - $28.28) / $28.28
-21%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of FB Financial is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for FB Financial's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are FB Financial's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:FBK PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.60
NYSE:FBK Share Price ** NYSE (2019-02-13) in USD $34.22
United States of America Banks Industry PE Ratio Median Figure of 583 Publicly-Listed Banks Companies 13.34x
United States of America Market PE Ratio Median Figure of 3,046 Publicly-Listed Companies 16.95x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of FB Financial.

NYSE:FBK PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:FBK Share Price ÷ EPS (both in USD)

= 34.22 ÷ 2.60

13.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FB Financial is good value based on earnings compared to the US Banks industry average.
  • FB Financial is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does FB Financial's expected growth come at a high price?
Raw Data
NYSE:FBK PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.15x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts
10.2%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.21x
United States of America Market PEG Ratio Median Figure of 2,117 Publicly-Listed Companies 1.36x

*Line of best fit is calculated by linear regression .

NYSE:FBK PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.15x ÷ 10.2%

1.3x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FB Financial is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on FB Financial's assets?
Raw Data
NYSE:FBK PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $21.87
NYSE:FBK Share Price * NYSE (2019-02-13) in USD $34.22
United States of America Banks Industry PB Ratio Median Figure of 586 Publicly-Listed Banks Companies 1.25x
United States of America Market PB Ratio Median Figure of 5,122 Publicly-Listed Companies 1.81x
NYSE:FBK PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:FBK Share Price ÷ Book Value per Share (both in USD)

= 34.22 ÷ 21.87

1.56x

* Primary Listing of FB Financial.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • FB Financial is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess FB Financial's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. FB Financial has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

FBK Future Performance

 How is FB Financial expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
10.2%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is FB Financial expected to grow at an attractive rate?
  • FB Financial's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • FB Financial's earnings growth is positive but not above the United States of America market average.
  • FB Financial's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:FBK Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:FBK Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 7 Analysts 10.2%
NYSE:FBK Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 7 Analysts 6.1%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.4%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.4%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.4%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:FBK Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:FBK Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 396 106 1
2020-12-31 373 99 7
2019-12-31 351 86 7
NYSE:FBK Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 329 80
2018-09-30 338 135 86
2018-06-30 335 48 73
2018-03-31 315 -62 62
2017-12-31 296 38 52
2017-09-30 267 24 40
2017-06-30 256 -129 41
2017-03-31 257 -110 36
2016-12-31 253 -245 41
2016-09-30 248 -117 36
2016-06-30 226 -66 38
2016-03-31 202 52 40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • FB Financial's earnings are expected to grow by 10.2% yearly, however this is not considered high growth (20% yearly).
  • FB Financial's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:FBK Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below

All data from FB Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FBK Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 3.35 3.35 3.35 1.00
2020-12-31 3.13 3.35 2.87 7.00
2019-12-31 2.74 2.84 2.61 7.00
NYSE:FBK Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.60
2018-09-30 2.80
2018-06-30 2.40
2018-03-31 2.13
2017-12-31 1.90
2017-09-30 1.52
2017-06-30 1.79
2017-03-31 1.71
2016-12-31 2.12
2016-09-30 2.08
2016-06-30 2.21
2016-03-31 2.31

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • FB Financial is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess FB Financial's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
FB Financial has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

FBK Past Performance

  How has FB Financial performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare FB Financial's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • FB Financial has delivered over 20% year on year earnings growth in the past 5 years.
  • FB Financial's 1-year earnings growth exceeds its 5-year average (52.3% vs 22.9%)
  • FB Financial's earnings growth has exceeded the US Banks industry average in the past year (52.3% vs 38.8%).
Earnings and Revenue History
FB Financial's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from FB Financial Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:FBK Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 329.31 79.81 181.01
2018-09-30 337.94 85.88 183.62
2018-06-30 334.86 73.00 182.10
2018-03-31 315.35 62.40 176.26
2017-12-31 295.55 52.40 169.37
2017-09-30 267.18 39.56 160.39
2017-06-30 256.47 41.20 156.80
2017-03-31 257.28 35.75 151.91
2016-12-31 252.67 40.59 144.91
2016-09-30 247.53 36.38 136.99
2016-06-30 225.57 37.93 124.44
2016-03-31 201.94 39.69 115.61
2015-12-31 186.52 47.86 108.46
2015-09-30 174.58 42.66 103.86
2015-06-30 159.31 32.02 96.19
2015-03-31 146.95 32.42 87.68
2014-12-31 136.89 22.36 78.76
2013-12-31 118.38 26.90 69.88
2012-12-31 105.85 20.52 60.81

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • FB Financial has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • FB Financial used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if FB Financial improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess FB Financial's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
FB Financial has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

FBK Health

 How is FB Financial's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of FB Financial's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from FB Financial Company Filings, last reported 1 month ago.

NYSE:FBK Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 671.86 227.78 125.36
2018-09-30 648.73 215.04 195.29
2018-06-30 630.96 348.37 119.53
2018-03-31 611.08 296.67 88.60
2017-12-31 596.73 349.29 129.44
2017-09-30 572.53 213.29 107.48
2017-06-30 509.52 61.48 197.17
2017-03-31 342.14 67.34 140.14
2016-12-31 330.50 217.04 156.07
2016-09-30 329.11 159.24 134.11
2016-06-30 265.77 92.87 106.58
2016-03-31 253.24 101.40 128.18
2015-12-31 236.67 180.12 103.75
2015-09-30 232.84 301.89 85.10
2015-06-30 226.61 240.65 97.20
2015-03-31 215.23 259.78 54.13
2014-12-31 215.23 259.78 54.13
2013-12-31 189.69 245.77 69.96
2012-12-31 197.37 195.70 58.92
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • FB Financial has an acceptable proportion of non-loan assets held.
  • FB Financial's liabilities are made up of primarily low risk sources of funding.
  • Loans at FB Financial are broadly funded by customer deposits.
  • FB Financial's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • FB Financial has a sufficient allowance for bad loans.
  • FB Financial has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess FB Financial's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. FB Financial has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

FBK Dividends

 What is FB Financial's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0.94%
Current annual income from FB Financial dividends. Estimated to be 1.23% next year.
If you bought $2,000 of FB Financial shares you are expected to receive $19 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • FB Financial's pays a lower dividend yield than the bottom 25% of dividend payers in United States of America (1.43%).
  • FB Financial's dividend is below the markets top 25% of dividend payers in United States of America (3.62%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:FBK Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 7 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 467 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:FBK Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.14 1.00
2020-12-31 0.36 5.00
2019-12-31 0.33 5.00
NYSE:FBK Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-01-18 0.320 0.932
2018-10-22 0.320 0.878
2018-07-19 0.240 0.579
2018-04-23 0.240 0.579
2017-11-14 0.000 0.000
2017-10-24 0.000 0.000
2017-08-10 0.000 0.000
2017-07-24 0.000 0.000
2017-05-12 0.000 0.000
2017-04-24 0.000 0.000
2017-03-31 0.000 0.000
2016-11-15 0.000 0.000
2016-10-28 0.000 0.000
2016-09-16 1.370 6.498

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, FB Financial has been paying a dividend for less than 10 years.
  • FB Financial has only been paying a dividend for 2 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of FB Financial's earnings are paid to the shareholders as a dividend.
  • Dividends paid are thoroughly covered by earnings (13x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.9x coverage).
X
Income/ dividend checks
We assess FB Financial's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can FB Financial afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. FB Financial has a total score of 2/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

FBK Management

 What is the CEO of FB Financial's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Chris Holmes
COMPENSATION $1,730,424
AGE 54
TENURE AS CEO 6.1 years
CEO Bio

Mr. Christopher T. Holmes, also known as Chris, has been the Chief Executive Officer and President at FB Financial Corporation since 2013. Mr. Holmes has been the Chief Executive Officer of FirstBank, Inc. since February 2013 and as its President since May 1, 2012. He served as the Chief Banking Officer of Firstbank Corporation. As President and Chief Executive Officer, Mr. Holmes is responsible for leading and managing all facets of the bank’s operations, including establishing its long-term goals, strategies, and corporate vision. He joined First Bank in 2010 as Chief Banking Officer, moving from South Financial Group of Greenville, S.C. He served as an Executive in Memphis for National Bank of Commerce (now SunTrust Bank) and Trustmark Corp. Mr. Holmes served as Chief Retail Banking Officer and Senior Executive Vice President of The South Financial Group Inc. from June 2008 to January 15, 2010. He served as Director of Retail Operations at The South Financial Group, Inc. until January 15, 2010 and its Director of Retail Strategy from December 2008 to January 2010. Mr. Holes served as Director of Retail Strategy of The South Financial Group, Inc. since December 2008 until January 15, 2010. He served as Director of Corporate Financial Services at South Financial Group. Mr. Holmes has spent twenty-four years in the banking industry. Mr. Holmes served as an Executive Vice President of Retail Banking at The South Financial Group, Inc. from 2006 to June 2008 and served as its Executive Vice President and Director of Retail Banking since December 2005. He was responsible for developing and executing retail banking strategies for The South Financial Group's subsidiary banks, Carolina First Bank and Mercantile Bank. His retail experience came from his 13 years with National Commerce Financial Corporation. Previously, he worked for twenty years in the Memphis-area market, first with Ernst & Young and then in several management positions for National Bank of Commerce (which was acquired by SunTrust) and Trustmark National Bank. He served as Regional Executive for strategic banking programs of National Commerce Financial Corp. since December 23, 2003. He served as President and Chief Executive Officer of NCBS since 1998. Mr. Holmes served as an Executive Vice President responsible for selling and implementing leading retail banking concepts to financial institutions throughout the United States, South America and Europe. These include the Wal-Mart Financial Centers by National Bank of Commerce and National Commerce Financial Corp.'s investment in Nuestro Tarjeta de Servicios (NTS). He joined NCF in 1991 as Controller of the Nashville, Knoxville, Roanoke (Virginia) and Raleigh (North Carolina) regions and later served as its Manager of Information Systems. In 1994, he joined NCBS in a sales capacity and served as its Chief Financial Officer since 1998. Mr. Holmes serves as Chairman of NCBS. He has been a Director of FirstBank, Inc. and FB Financial Corporation since 2010. He serves as Director of Nashville Zoo, Inc. He holds his certified public accountant certification.

CEO Compensation
  • Chris's compensation has been consistent with company performance over the past year.
  • Chris's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the FB Financial management team in years:

6.6
Average Tenure
57
Average Age
  • The average tenure for the FB Financial management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Jim Ayers

TITLE
Executive Chairman
AGE
74

Chris Holmes

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
6.1 yrs

James Gordon

TITLE
Secretary & CFO
COMPENSATION
$719K
AGE
52
TENURE
3.1 yrs

Wib Evans

TITLE
Executive Officer & President of FirstBank Ventures
COMPENSATION
$1M
AGE
58
TENURE
9.1 yrs

Lisa Smiley

TITLE
Director of External Financial Reporting

Allen Oakley

TITLE
Regional President of Middle & East Tennessee

David Burden

TITLE
Regional President of West Tennessee

Tim Johnson

TITLE
Executive Officer
COMPENSATION
$1M
AGE
57

R. Peery

TITLE
Director of Operations & Technology - FirstBank
TENURE
7.1 yrs

Paul Craig

TITLE
Senior VP & Director of Corporate Development - FirstBank
Board of Directors Tenure

Average tenure and age of the FB Financial board of directors in years:

1.8
Average Tenure
60
Average Age
  • The average tenure for the FB Financial board of directors is less than 3 years, this suggests a new board.
Board of Directors

Jim Ayers

TITLE
Executive Chairman
AGE
74
TENURE
2.8 yrs

Chris Holmes

TITLE
President
COMPENSATION
$2M
AGE
54
TENURE
9.1 yrs

Bill Andrews

TITLE
Director
COMPENSATION
$65K
AGE
86
TENURE
2.3 yrs

Agenia Clark

TITLE
Director
COMPENSATION
$55K
AGE
59
TENURE
1.8 yrs

Jim Exum

TITLE
Director
COMPENSATION
$115K
AGE
76
TENURE
1.8 yrs

Orrin Ingram

TITLE
Independent Director
COMPENSATION
$116K
AGE
57
TENURE
13.1 yrs

Jon Ayers

TITLE
Director
AGE
46
TENURE
1.8 yrs

Emily Reynolds

TITLE
Independent Director
COMPENSATION
$115K
AGE
62
TENURE
1.8 yrs

Raja Jubran

TITLE
Director
AGE
60
TENURE
1.1 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by FB Financial insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
15. Dec 18 Buy Christopher Holmes Individual 14. Dec 18 14. Dec 18 100 $35.29 $3,529
15. Dec 18 Buy Christopher Holmes Individual 14. Dec 18 14. Dec 18 200 $35.15 $7,026
11. Oct 18 Buy Christopher Holmes Individual 06. Oct 16 13. Feb 17 575 $30.75 $13,387
31. May 18 Sell James Ayers Individual 31. May 18 31. May 18 -480,000 $39.81 $-19,106,976
30. May 18 Sell James Ayers Individual 25. May 18 25. May 18 -3,200,000 $39.81 $-127,379,840
X
Management checks
We assess FB Financial's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. FB Financial has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

FBK News

Simply Wall St News

FB Financial Corporation (NYSE:FBK): Will The Growth Last?

Want to participate in a short research study? … Help shape the future of investing tools and you could win a $250 gift card! … Looking at FB Financial Corporation's (NYSE:FBK) earnings update on 31 December 2018,

Simply Wall St -

FB Financial Corporation (NYSE:FBK): What Does Its Beta Value Mean For Your Portfolio?

If you're interested in FB Financial Corporation (NYSE:FBK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Beta is a widely used metric to measure a stock's exposure to market risk (volatility). … Before we go on, it's worth noting that Warren Buffett pointed out in his 2014 letter to shareholders that 'volatility is far from synonymous with risk.' Having said that, beta can still be rather useful.

Simply Wall St -

Read This Before You Buy FB Financial Corporation (NYSE:FBK) Because Of Its P/E Ratio

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll look at FB Financial Corporation's (NYSE:FBK) P/E ratio and reflect on what it tells us about the company's share price. … Price to Earnings Ratio = Price per Share ÷ Earnings per Share (EPS)

Simply Wall St -

Is Now An Opportune Moment To Examine FB Financial Corporation (NYSE:FBK)?

received a lot of attention from a substantial price movement on the NYSE over the last few months, increasing to $39.09 at one point, and dropping to the lows of $32.86. … Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price? … Let’s take a look at FB Financial’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Real Risks To Know Before Investing In FB Financial Corporation (NYSE:FBK)

Its profit and value are directly impacted by its borrowers’ ability to pay which is driven by the level of economic growth. … This is because growth determines the stability of a borrower’s salary as well as the level of interest rates. … Since the level of risky assets held by the bank impacts the attractiveness of it as an investment, I will take you through three metrics that are insightful proxies for risk.

Simply Wall St -

Need To Know: FB Financial Corporation (NYSE:FBK) Insiders Have Been Selling Shares

So shareholders might well want to know whether insiders have been buying or selling shares in FB Financial Corporation (NYSE:FBK). … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … That means that an insider was selling shares at around the current price of US$36.19.

Simply Wall St -

Should You Be Concerned About FB Financial Corporation’s (NYSE:FBK) Liquidity?

FB Financial Corporation’s (NYSE:FBK) profitability and risk are largely affected by the underlying economic growth for the region it operates in US given it is a small-cap stock with a market capitalisation of US$1.2b. … A bank’s cash flow is directly impacted by economic growth as it is the main driver of deposit levels and demand for loans which it profits from. … Since its financial standing can unexpectedly decline in the case of an adverse macro event such as political instability, it is important to understand how prudent the bank is at managing its risk levels.

Simply Wall St -

Intrinsic Calculation For FB Financial Corporation (NYSE:FBK) Shows Investors Are Overpaying

One of the most difficult industry to value is banking, given that they adhere to different rules compared to other companies. … The tiered capital structure is common for banks to abide by, in order to ensure they maintain a sufficient level of cash for their customers.

Simply Wall St -

One Thing To Remember About The FB Financial Corporation (NYSE:FBK) Share Price

If you're interested in FB Financial Corporation (NYSE:FBK), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Modern finance theory considers volatility to be a measure of risk, and there are two main types of price volatility. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility).

Simply Wall St -

Does FB Financial Corporation's (NYSE:FBK) October Stock Price Reflect Its Future Growth?

FB Financial Corporation (NYSE:FBK) is considered a high growth stock. … However its last closing price of $34.83 left investors wondering whether this growth has already been factored into the share price. … According to the analysts covering the company, the following few years should bring about good growth prospects for FB Financial

Simply Wall St -

FBK Company Info

Map
Description

FB Financial Corporation operates as a holding company for FirstBank that provides a suite of commercial and consumer banking services to businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits. The company also offers commercial lending products that include working capital lines of credit, equipment loans, owner-occupied and non-owner-occupied real estate construction loans, real estate term loans, and cash flow loans to small and medium sized businesses; and consumer lending products comprising first and second residential mortgage loans, and home equity lines of credit, as well as consumer installment loans to purchase cars, boats, and other recreational vehicles. In addition, it provides residential mortgage banking services through its bank branch network and mortgage banking offices located in the southeastern United States; and an Internet delivery channel, as well as third-party mortgage services to smaller community banks and mortgage companies. Further, the company offers investment services, including equities, mutual funds, bonds, tax-exempt municipals, and annuities; and money management consultation and life insurance products, as well as retirement plan advisory services to business clients. As of January 22, 2018, it operated 58 full-service bank branches across Tennessee, North Alabama, and North Georgia. The company was formerly known as First South Bancorp, Inc. and changed its name to FB Financial Corporation in March 2016. FB Financial Corporation was founded in 1906 and is headquartered in Nashville, Tennessee.

Details
Name: FB Financial Corporation
FBK
Exchange: NYSE
Founded: 1906
$1,051,393,485
30,724,532
Website: http://www.firstbankonline.com
Address: FB Financial Corporation
211 Commerce Street,
Suite 300,
Nashville,
Tennessee, 37201,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE FBK Common Shares New York Stock Exchange US USD 16. Sep 2016
DB 2J2 Common Shares Deutsche Boerse AG DE EUR 16. Sep 2016
Number of employees
Current staff
Staff numbers
1,428
FB Financial employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/02/14 01:12
End of day share price update: 2019/02/13 00:00
Last estimates confirmation: 2019/02/06
Last earnings filing: 2019/01/22
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.