FB Financial shares fall 2.5% after revenue misses consensus

FB Financial (NYSE: FBK ) reported third-quarter financial results on Tuesday. The transcript from the company's third-quarter earnings call has been provided below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. View the webcast at Summary FB Financial Corporation reported a strong EPS of $1.20 and an adjusted EPS of $1.21 for Q3 2026, with net income at $60.2 million and a return on average tangible common equity of 15.2%. The company experienced significant growth in loans and deposits, with loans increasing at an annualized rate of 9.7% and customer deposits growing at 11.2%. Credit quality remained stable despite challenges in the mortgage banking segment due to rising interest rates, and a $1 million interest income reversal on a nonaccrual loan was noted. FB Financial continues to focus on strategic initiatives including investment in technology and personnel, with a specific emphasis on expanding in attractive markets like North Carolina. The company remains optimistic about future growth opportunities, expecting to maintain mid- to high-single-digit balance sheet growth while managing risk and capital effectively. Full Transcript OPERATOR Good morning and welcome to the FB Financial Corporation third quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. Following the prepared remarks, we will open the call for questions. Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Rachel Duresski, Financial Management Associate for FB Financial. Please go ahead. Rachel Duresski, Financial Management Associate Thank you and good morning, everyone. We appreciate you joining us today for FB Financial Corporation's third quarter 2026 earnings conference call. Joining me on the call this morning is Chris Holmes, President and Chief Executive Officer, and Michael Mettee, Chief Financial and Operating Officer. Before we begin, I'd like to remind listeners that during today's call, management may make forward-looking statements regarding the Company's plans, expectations, and outlook. These statements are subject to risks and uncertainties and actual results may differ materially from those discussed. Additional information regarding these risks and uncertainties, including risk factors that could cause actual results to differ, can be found in our earnings release, our most recent annual report on Form 10-K, and our subsequent filings with the Securities and Exchange Commission. FB Financial undertakes no obligation to update any forward-looking statements except as required by law. In addition, today's discussion may include references to certain non-GAAP financial measures. Reconciliations of these measures to the most directly comparable GAAP measures are available on our third quarter 2026 financial supplement posted to the Investor Relations section of our website at and on the SEC's website