FB Financial posts $1.13 EPS and $58.6 million net income as loan growth outpaces deposits amid competitive headwinds.
FB Financial reported second-quarter earnings per share of $1.13, up from prior periods, driven by broad-based loan demand across its Southeast markets. Net income reached $58.6 million, while adjusted earnings hit $58.9 million, with pre-tax, pre-provision net revenue climbing 8% to $83.3 million.
Loans grew at an 11.6% annualized rate in the quarter, outpacing deposit growth of 7.7%, reflecting strong demand but ongoing competition for funding. Tangible book value per share has risen at an 11.3% compound annual rate since the company’s 2016 IPO, management noted.
CEO Chris Holmes cited stable net interest margins and improved capital positioning, though deposit pressures remain a challenge. The company’s outlook remains positive, supported by balance sheet expansion and solid returns.