FB Financial Corporation Reports Strong 2017 Second Quarter Results

Annualized loan growth of 14.8% and increased mortgage revenues drive solid earnings

田纳西州纳什维尔.–(BUSINESS WIRE)– FB Financial Corporation (“FB Financial”) (NYSE: FBK), parent company of 世界赌博十大网站, reported its results today for the second quarter of 2017.

President and CEO Christopher T. Holmes stated, “Our second quarter earnings were driven by outstanding annualized loan growth of 14.8% for the quarter and the healthy seasonal contribution from our mortgage operations. Along with the excellent growth, we continue to have solid asset quality and net interest margin results were at the top end of our expectations. Our team continues to execute our strategy of growing and serving our customer relationships while delivering shareholder value.”

For the quarter ended June 30, 2017, the Company reported net income of $11.200万美元，或0美元.43 per diluted common share, compared to $15.800万美元.92 per diluted common share, for the second quarter of 2016 (equivalent to $10.600万美元.62 per diluted common share, on a pro forma C-Corporation tax basis). Diluted earnings per share on a year over year basis declined primarily due to the increase in weighted average diluted shares from 17,180,000 in the second quarter of 2016 to 26,301,458 this quarter related to shares issued in the initial public offering, the recent private placement and related stock grants.

Adjusting net income for pre-tax, non-core net expenses outlined below totaling $2.800万，或1美元.7 million after tax, core net income was $12.900万美元.49 per diluted common share, for the second quarter of 2017, compared to pro forma C-Corporation basis core net income of $13.200万美元，或0美元.77 per diluted common share for the second quarter of 2016.

Second Quarter Key Highlights

• Loans held for investment (HFI) grew to $1.970亿美元，上升14亿美元.8% on a linked-quarter annualized basis, and up 12.比2016年6月30日上涨6%
• 存款总额增加到2美元.730亿，增加了3亿.9% on a linked-quarter annualized basis, and up 8.比2016年6月30日上涨5%
• Net interest margin (NIM) (tax-equivalent basis) was 4.19% in the second quarter of 2017, from 4.28% in the first quarter of 2017; when excluding loan accretion, NIM was 4.08% in the second quarter of 2017 compared to 4.12% in the first quarter of 2017
• Consolidated efficiency ratio and core efficiency ratio of 74.4%和70.2%, 分别, in the second quarter of 2017, driven by Banking Segment core efficiency ratio of 60.4%
• Received regulatory approvals for the pending acquisition of Clayton Bank and Trust and American City Bank from Clayton HC, 公司. (the “Clayton Banks”) which is currently expected to close at the end of July
• 筹集了152美元.7 million in net proceeds from the sale of 4.8 million shares of common stock; increasing weighted average diluted shares to 26.从24万到300万.6 million on a linked-quarter basis

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