| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 71 | 11.8x | 17.3x | Top tier | |
Growth | 61 | 17.5% | 7.1% | Around median | |
Quality | 71 | — | — | Top tier | |
Safety | 19 | — | — | Bottom tier | |
Capital Return | 91 | 1.42% | 0.06% | Top tier | |
Momentum | 59 | 1.5% | -1.6% | Around median | |
Sentiment | 92 | 6 | 3 | Top tier |
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
FB Financial Corporation, listed under the ticker FBK, operates in regional banking through FirstBank, gathering customer deposits to fund commercial and consumer loans and earning income from interest after funding costs, as well as fees and banking services. Its businesses include mortgage banking, investment services, and interchange fees, with a presence in Tennessee, Georgia, Alabama, and Kentucky and expansion into North Carolina by converting its Asheville loan production office into a full-service location, as management explained on 2026-10-13. The mortgage banking business allows it to sell originated loans or retain some on its balance sheet, while also attracting deposit and investment relationships.
In quarter 3 of fiscal year 2026, ended 2026-09-30, net revenue was 174.5 million dollars, up 0.4% from the same quarter a year earlier, when it was 173.9 million dollars. Net income was 60.2 million dollars, diluted earnings per share were 1.2 dollars, and the operating margin calculated by EL7 was 44.1%. This performance combines strong profitability with weak net revenue growth; net income increased from 58.6 million dollars in quarter 2 of fiscal year 2026, while net revenue in that quarter was 174.8 million dollars.
In quarter 3 of fiscal year 2026, ended 2026-09-30, the commercial and consumer businesses supported loan and deposit growth, while mortgage banking faced pressure from higher interest rates in the second half of the quarter. Loan growth was 9.7% on an annualized basis calculated from the quarter's performance, and deposit growth was 8.8% on the same basis, with customer deposits growing 11.2% and brokered deposits declining. However, the net interest margin fell to 3.83% from 3.95% in quarter 2 of fiscal year 2026, putting the bank's ability to turn balance sheet expansion into sustainable income growth at the center of the analysis.
Q3 FY2026
When: 2027-01-20
Year-over-year net revenue growth at the 0.4% threshold
Net interest margin at the 3.83% threshold
The median target of 6 analysts was 64 dollars, within a range of 63 dollars to 64 dollars in the 2026-10-19 snapshot, a method that prices in expected growth and performance and is inherently inclined toward optimism. The industry-multiple valuation was 54 dollars, within a range of 48 dollars to 66 dollars, based on earnings for the last 12 months ended 2026-09-30 and a median multiple of 11.9 across 316 companies, measuring the bank's value when priced like its peers. The ranges of the two methods overlap, but the median analyst target is above the industry-multiple valuation; this highlights the difference between pricing in expected improvement and valuing realized earnings at peer multiples. Keefe, Bruyette & Woods lowering its target to 64 dollars on 2026-10-14 adds a degree of caution to the optimistic reading of analyst expectations.
Figures in the text are as of 2026-10-20; the live price is shown at the top of the page.
In quarter 3 of fiscal year 2026, ended 2026-09-30, loans grew 9.7% and deposits grew 8.8% at annualized rates calculated from the quarter's performance. However, net revenue was 174.5 million dollars, up only 0.4% from the same quarter a year earlier, and news reports on 2026-10-13 and 2026-10-14 indicated that it fell short of expectations. Higher deposit costs, weaker mortgage banking income, and the reversal of interest on a troubled loan weighed on the conversion of this expansion into income, despite net income reaching 60.2 million dollars in the same quarter.
In quarter 3 of fiscal year 2026, ended 2026-09-30, approximately 50% of the loan portfolio and 61% of the investment portfolio carried variable interest rates, providing a potential benefit as assets reprice. However, the net interest margin fell to 3.83% from 3.95% in quarter 2 of fiscal year 2026, with deposit costs rising 6 basis points. Management explained on the 2026-10-13 call that deposits reprice faster than some loans and that competition for funding limits the extent to which higher interest rates flow through to the margin.
Automated analysis for informational purposes only — not investment advice.
When: Fiscal year 2026
Banking segment expenses within a range of 325 million dollars to 335 million dollars
Mortgage banking allows FirstBank to sell originated loans or retain some of them, and the bank also uses it to attract deposit and investment accounts. In quarter 3 of fiscal year 2026, ended 2026-09-30, 83% of borrowers participating in the relationship-deepening program had a checking account, and their average balances were approximately twice those of existing customers. In contrast, management expected on 2026-10-13 that high interest rates would reduce the business's earnings during quarter 4 of fiscal year 2026 and fiscal year 2027, so its strategic value also depends on the relationships it generates.
The loan amounted to approximately 13 million dollars and was moved to nonaccrual status during quarter 3 of fiscal year 2026, ended 2026-09-30. This led to the reversal of approximately 1 million dollars in accrued interest income, with an impact of 3 basis points on the net interest margin for that quarter. Management said on the 2026-10-13 call that collateral was sufficient and mostly liquid and that the expected loss was limited, but it was continuing to work with the borrower to reach an appropriate outcome.
Diluted shares declined to 50.3 million shares in quarter 3 of fiscal year 2026, ended 2026-09-30, from 54.0 million shares in quarter 3 of fiscal year 2025, a decrease of 6.8%. A smaller share base supports earnings per share, but it uses capital that could also be directed toward loan growth. Management explained on the 2026-10-13 call that repurchases were the primary reason for the 17 basis point decline in the tangible common equity to tangible assets ratio during the quarter and that repurchase decisions would consider their capital impact.