FBK

FB FinancialNYSE:FBK Stock Report

Market Cap

US$2.0b

7D

3.1%

1Y

55.5%

Updated

19 Sep, 2021

Data

Company Financials +
FBK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

FBK Overview

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services businesses, professionals, and individuals.

Share Price & News

How has FB Financial's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FBK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: FBK's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

3.1%

FBK

0.9%

US Banks

-0.6%

US Market


1 Year Return

55.5%

FBK

63.3%

US Banks

33.8%

US Market

Return vs Industry: FBK underperformed the US Banks industry which returned 63.3% over the past year.

Return vs Market: FBK exceeded the US Market which returned 33.8% over the past year.


Shareholder returns

FBKIndustryMarket
7 Day3.1%0.9%-0.6%
30 Day3.8%0.5%1.0%
90 Day9.3%1.9%3.4%
1 Year57.3%55.5%67.7%63.3%35.8%33.8%
3 Year-1.6%-4.7%21.9%11.4%60.0%50.1%
5 Year108.5%101.3%94.7%70.1%123.0%98.7%

Long-Term Price Volatility Vs. Market

How volatile is FB Financial's share price compared to the market and industry in the last 5 years?


Simply Wall St News

FB Financial Fundamentals Summary

How do FB Financial's earnings and revenue compare to its market cap?
FBK fundamental statistics
Market CapUS$1.98b
Earnings (TTM)US$136.18m
Revenue (TTM)US$592.12m

14.6x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
FBK income statement (TTM)
RevenueUS$592.12m
Cost of RevenueUS$0
Gross ProfitUS$592.12m
ExpensesUS$455.94m
EarningsUS$136.18m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)3.00
Gross Margin100.00%
Net Profit Margin23.00%
Debt/Equity Ratio15.4%

How did FBK perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

13%

Payout Ratio

Valuation

Is FB Financial undervalued compared to its fair value and its price relative to the market?

10.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: FBK ($41.9) is trading below our estimate of fair value ($46.72)

Significantly Below Fair Value: FBK is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: FBK is poor value based on its PE Ratio (14.6x) compared to the US Banks industry average (10.8x).

PE vs Market: FBK is good value based on its PE Ratio (14.6x) compared to the US market (17.8x).


Price to Earnings Growth Ratio

PEG Ratio: FBK's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: FBK is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.1x).


Future Growth

How is FB Financial forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

-6.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBK's earnings are forecast to decline over the next 3 years (-6.1% per year).

Earnings vs Market: FBK's earnings are forecast to decline over the next 3 years (-6.1% per year).

High Growth Earnings: FBK's earnings are forecast to decline over the next 3 years.

Revenue vs Market: FBK's revenue (0.1% per year) is forecast to grow slower than the US market (9.8% per year).

High Growth Revenue: FBK's revenue (0.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: FBK's Return on Equity is forecast to be low in 3 years time (9.6%).


Past Performance

How has FB Financial performed over the past 5 years?

18.6%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FBK has high quality earnings.

Growing Profit Margin: FBK's current net profit margins (23%) are higher than last year (18.9%).


Past Earnings Growth Analysis

Earnings Trend: FBK's earnings have grown by 18.6% per year over the past 5 years.

Accelerating Growth: FBK's earnings growth over the past year (97.6%) exceeds its 5-year average (18.6% per year).

Earnings vs Industry: FBK earnings growth over the past year (97.6%) exceeded the Banks industry 36%.


Return on Equity

High ROE: FBK's Return on Equity (9.9%) is considered low.


Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: FBK's Assets to Equity ratio (8.7x) is low.

Allowance for Bad Loans: FBK has a sufficient allowance for bad loans (221%).

Low Risk Liabilities: 97% of FBK's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBK has an appropriate level of Loans to Assets ratio (59%).

Low Risk Deposits: FBK's Loans to Deposits ratio (69%) is appropriate.

Level of Bad Loans: FBK has an appropriate level of bad loans (0.9%).


Dividend

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

1.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: FBK's dividend (1.05%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.33%).

High Dividend: FBK's dividend (1.05%) is low compared to the top 25% of dividend payers in the US market (3.6%).


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, FBK has been paying a dividend for less than 10 years.

Growing Dividend: FBK's dividend payments have increased, but the company has only paid a dividend for 3 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (13.3%), FBK's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: FBK's dividends in 3 years are forecast to be well covered by earnings (15.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.0yrs

Average management tenure


CEO

Chris Holmes (57 yo)

8.67yrs

Tenure

US$2,635,296

Compensation

Mr. Christopher T. Holmes, also known as Chris, serves as President of FB Financial Corporation and FirstBank since 2012, Chief Executive Officer since 2013 and as Director since 2010. While his career...


CEO Compensation Analysis

Compensation vs Market: Chris's total compensation ($USD2.64M) is about average for companies of similar size in the US market ($USD3.69M).

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


Leadership Team

Experienced Management: FBK's management team is seasoned and experienced (5 years average tenure).


Board Members

Experienced Board: FBK's board of directors are considered experienced (4.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

FB Financial Corporation's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: FB Financial Corporation
  • Ticker: FBK
  • Exchange: NYSE
  • Founded: 1906
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$1.985b
  • Shares outstanding: 47.36m
  • Website: https://www.firstbankonline.com

Number of Employees


Location

  • FB Financial Corporation
  • 211 Commerce Street
  • Suite 300
  • Nashville
  • Tennessee
  • 37201
  • United States

Listings


Biography

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services businesses, professionals, and individuals. The company operates...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/19 22:12
End of Day Share Price2021/09/17 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.