FB Financial Corp financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data FB Financial Corp files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Interest expense	9.54	16.3	35.5	56.5	49	37.6	69.2	271
Pre-tax income	62.3	73.5	106	110	82.5	243	160	150	147	139
Income tax	21.7	21.1	25.6	25.7	18.8	52.8	35	30.1	30.6	15.9
Net income to minority interests			0	0	0.01	0.02	0.02	0.02	0.02	0.02
Net income	40.6	52.4	80.2	83.8	63.6	190	125	120	116	123
EPS, basic	2.12	1.90	2.60	2.70	1.69	4.01	2.64	2.57	2.48	2.47
EPS, diluted	2.10	1.86	2.55	2.65	1.67	3.97	2.64	2.57	2.48	2.45
Shares, basic (weighted)	19.2	27.6	30.7	30.9	37.6	47.4	47.1	46.8	46.7	49.7
Shares, diluted (weighted)	19.3	28.2	31.3	31.4	38.1	48	47.2	46.8	46.9	50.1
Dividend per share	4.03	396.00	0.20	0.32	0.36	0.44	0.52	0.60	0.68	0.76

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	136	120	125	233	1,318	1,798	1,027	811	1,042	1,156
Property, plant and equipment	66.7	81.6	86.9	90.1	145	144	146	156	149	182
Lease right-of-use assets			0	32.5	49.5	41.7	60	54.3	48	49.2
Goodwill	46.9	137	137	169	243	243	243	243	243	350
Intangible assets	4.56	14.9	11.6	17.6	22.4	17	12.4	8.71	5.76	31.3
Total assets	3,277	4,728	5,137	6,125	11,207	12,598	12,848	12,604	13,157	16,300
Short-term debt	150	0	0	0
Total liabilities	2,946	4,131	4,465	5,363	9,916	11,165	11,522	11,150	11,590	14,352
Total debt	44.9	143		305	238	172	416	391	177	213
Paid-in capital	213	419	424	426	899	893	862	864	860	1,082
Retained earnings	93.8	147	221	294	318	487	587	678	762	847
Other comprehensive income	-0.87	0.15	-4.23	12.1	27.6	5.86	-169	-135	-102	-32.6
Shareholders' equity	330	597	672	762	1,291	1,433	1,325	1,455	1,568	1,948
Minority interests				0	0.09	0.09	0.09	0.09	0.09	0.09
Total equity	330	597	672	762	1,291	1,433	1,326	1,455	1,568	1,948
Total liabilities and equity	3,277	4,728	5,137	6,125	11,207	12,598	12,848	12,604	13,157	16,300
Shares outstanding	24.1	30.5	30.7	31	47.2	47.5	46.7	46.8	46.7	51.8

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	40.6	52.4	80.2	83.8	63.6	190	125	120	116	123
Depreciation and amortization	4	4.32	4.33	5.18	7.54	8.42	8.02	11.2	12	12.1
Stock-based compensation	4.69	6.76	7.21	7.09	10.2	10.3	9.86	10.4	9.49	17.3
Deferred income tax	9.26	6.46	6.36	-1.92	-25.5	30.8	12.6	-1.42	-1.76	-4.9
Cash from operations	-245	37.6	212	63.9	-270	54.9	800	211	139	156
Capital expenditures	-4.78	-4.55	-10.1	-6.81	-5.93	-6.1	-10.6	-20.2	-6.55	-8.85
Purchases of investments	-316	-81.4	-204	-151	-425	-847	-243	-202	-905	-421
Sales and maturities of investments	104	83.3	73.1	113	221	296	205	128	300	301
Cash from investing	-32.7	-267	-587	-183	310	-850	-1,754	-55.2	-294	-32.5
Debt issued			0	0	98.2
Debt repaid	-11.7
Stock issued	116	153	1.2	0.8	0.98	1.48	1.21	0.72	0.88	0.9
Share buybacks		-241	-492	0	0	-7.6	-40	-4.94	-12.7	-156
Dividends paid	-69.3	0	-6.14	-10	-14.2	-20.9	-24.5	-28.1	-31.8	-37.9
Cash from financing	317	213	380	226	1,045	1,275	184	-372	387	-9.98
Net change in cash	38.6	-16.6	5.61	107	1,085	480	-771	-216	232	113
Free cash flow	-250	33.1	202	57.1	-276	48.8	789	191	132	147
Interest paid	9.47	15.5	32	55.1	48.7	41.2	63.7	261	304	320
Income taxes paid	1.31	22.3	24.4	25.3	20.4	61.7	0.91	37.9	43.2	21

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $52.74 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Effective tax rate	20.3%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	10.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	1.2%	Net income / average total assets.

Growth

Metric	Value	How it is calculated
Net income growth, 1y	5.7%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-0.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	14.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-1.2%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-2.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	8.0%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	12.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-42.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow growth, 1y	11.2%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	-42.9%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share growth, 1y	11.8%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	13.5%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	16.1%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	24.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	13.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	8.6%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	23.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	8.3%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	7.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	6.8%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	2.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	5.6%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Liabilities / assets	88.5%	Total liabilities / total assets.
Goodwill and intangibles / assets	2.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.56B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
FCF conversion	101.7%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	3.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$3.80	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
FCF per share	$3.87	Free cash flow / diluted weighted shares.
Operating cash flow per share	$4.01	Cash from operations / diluted weighted shares.
Book value per share	$38.75	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$31.19	Tangible book value / shares outstanding.
Cash per share	$22.26	(Cash + short-term investments) / shares outstanding.
Payout ratio	21.4%	Dividends paid / net income, when net income is positive.
Dividends / FCF	21.0%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	109.0%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$2.64B	Share price x shares outstanding.
Enterprise value	$1.52B	Market cap + total debt - cash - short-term investments.
P/E	13.4x	Market cap / net income. Only when net income is positive.
P/B	1.36x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	1.69x	Market cap / tangible book value, when positive.
P/FCF	13.2x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	12.7x	Market cap / cash from operations, when positive.
EV/FCF	7.62x	Enterprise value / free cash flow, when both are positive.
FCF yield	7.6%	Free cash flow / market cap.
Earnings yield	7.5%	Net income / market cap (the inverse of P/E).
Dividend yield	1.6%	Dividends paid over the period / market cap.
Shareholder yield	9.9%	(Dividends paid + share buybacks) / market cap.

Was FB Financial Corp profitable in fiscal 2025?

Yes. Net income was $122.6M, a net margin of -.

How much free cash flow did FB Financial Corp generate in fiscal 2025?

Cash from operations of $155.9M minus capital expenditures of $8.8M left free cash flow of $147.0M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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