Latest news with #FBFinancialCorporation
Yahoo
14 hours ago
- Business
- Yahoo
FB Financial and Southern States Receive Final Regulatory Approvals for Merger
NASHVILLE, Tenn. & ANNISTON, Ala., June 12, 2025--(BUSINESS WIRE)--FB Financial Corporation ("FB Financial") (NYSE: FBK), the parent company of FirstBank, and Southern States Bancshares, Inc. ("Southern States") (Nasdaq: SSBK), the parent company of Southern States Bank, jointly announced today that they have received all regulatory approvals needed to complete the proposed merger of Southern States with and into FB Financial. "We're pleased to have received swift regulatory approval for the merger between FB Financial and Southern States," said Christopher T. Holmes, President and CEO of FB Financial. "Both institutions share a deep commitment to community banking, and we're excited about bringing our teams together to continue delivering long-term value for our customers, associates, shareholders, and communities." The companies anticipate the transaction to close on July 1, 2025, with systems conversion expected to follow during the third quarter of 2025. As of March 31, 2025, Southern States reported total assets of $2.9 billion, loans of $2.3 billion, and deposits of $2.4 billion, and FB Financial reported total assets of $13.1 billion, loans of $9.9 billion, and deposits of $11.2 billion. ABOUT FB FINANCIAL CORPORATION FB Financial Corporation (NYSE: FBK) is a bank holding company headquartered in Nashville, Tennessee. FB Financial operates through its wholly owned banking subsidiary, FirstBank, with 77 full-service bank branches across Tennessee, Alabama, Kentucky, and North Georgia, and mortgage offices across the Southeast. FB Financial Corporation has approximately $13.1 billion in total assets as of March 31, 2025. ABOUT SOUTHERN STATES BANCSHARES, INC. Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. (NASDAQ: SSBK) is a bank holding company that operates primarily through its wholly owned subsidiary, Southern States Bank. The Bank is a full-service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in its communities. The Bank operates 15 branches in Alabama and Georgia and two loan production offices in Atlanta. Cautionary Note Regarding Forward Looking Statements Certain statements by FB Financial contained in this press release that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding FB Financial's future plans, results, strategies, and expectations, including expectations around changing economic markets and statements regarding the proposed merger of Southern States with FB Financial (the "Proposed Merger") and expectations with regard to the benefits of the Proposed Merger. These statements can generally be identified by the use of the words and phrases "may," "will," "should," "could," "would," "goal," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target," "aim," "predict," "continue," "seek," and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management's current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond FB Financial's control. The inclusion of these forward-looking statements should not be regarded as a representation by FB Financial or any other person that such expectations, estimates, and projections will be achieved. Accordingly, FB Financial cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which FB Financial operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on FB Financial's business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of FB Financial's loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) risks associated with the Proposed Merger, including (a) the risk that the cost savings and any revenue synergies from the Proposed Merger is less than or different from expectations, (b) disruption from the Proposed Merger with customer, supplier, or employee relationships, (c) the occurrence of any event, change, or other circumstances that could give rise to the termination of the Agreement and Plan of Merger by and between FB Financial and Southern States, (d) the failure to obtain the approval of FB Financial's and Southern States' shareholders in connection with the Proposed Merger, (e) the possibility that the costs, fees, expenses and charges related to the Proposed Merger may be greater than anticipated, including as a result of unexpected or unknown factors, events, or liabilities, (f) the failure of the conditions to the Proposed Merger to be satisfied, (g) the risks related to the integration of the combined businesses, including the risk that the integration will be materially delayed or will be more costly or difficult than expected, (h) the diversion of management time on merger-related issues, (i) the ability of FB Financial to effectively manage the larger and more complex operations of the combined company following the Proposed Merger, (j) the risks associated with FB Financial's pursuit of future acquisitions, (k) the risk of expansion into new geographic or product markets, (l) reputational risk and the reaction of the parties' customers to the Proposed Merger, (m) FB Financial's ability to successfully execute its various business strategies, including its ability to execute on potential acquisition opportunities, (n) the risk of potential litigation or regulatory action related to the Proposed Merger, and (o) general competitive, economic, political, and market conditions, (7) FB Financial's ability to identify potential candidates for, consummate, and achieve synergies from, other potential future acquisitions, (8) FB Financial's ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss, (9) FB Financial's ability to successfully execute its various business strategies, (10) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (11) the effectiveness of FB Financial's controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (12) FB Financial's dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (13) the impact, extent and timing of technological changes, (14) concentrations of credit or deposit exposure, (15) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (16) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (17) general competitive, economic, political, and market conditions. Further information regarding FB Financial and factors which could affect the forward-looking statements contained herein can be found in FB Financial's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in any of FB Financial's subsequent filings with the Securities and Exchange Commission ("SEC"). Many of these factors are beyond FB Financial's ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this press release, and FB Financial undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for FB Financial to predict their occurrence or how they will affect FB Financial. FB Financial qualifies all forward-looking statements by these cautionary statements. Important Information About the Transactions and Where to Find It This communication does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell, any securities or a solicitation of any vote or approval. In connection with the Proposed Merger, FB Financial filed a Registration Statement on Form S-4 with the SEC on May 8, 2025, as amended on May 19, 2025 (and which is available at to register the shares of FB Financial common stock to be issued in the Proposed Merger. The Registration Statement includes a joint proxy statement of FB Financial and Southern States that also constitutes a prospectus of FB Financial. The Registration Statement was declared effective by the SEC on May 21, 2025. Southern States filed a definitive joint proxy statement / prospectus on May 21, 2025 (and which is available at INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT ON FORM S-4, AS AMENDED, AND THE JOINT PROXY STATEMENT/PROSPECTUS (WHICH IS AVAILABLE AT AS WELL AS ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED MERGER OR INCORPORATED BY REFERENCE INTO THE REGISTRATION STATEMENT ON FORM S-4 AND THE JOINT PROXY STATEMENT/PROSPECTUS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING FB FINANCIAL, SOUTHERN STATES, THE PROPOSED MERGER AND RELATED MATTERS. Investors and security holders may obtain free copies of these documents and other documents filed with the SEC by FB Financial or Southern States through the website maintained by the SEC at or from FB Financial at its website, or from Southern States at its website, Documents filed with the SEC by FB Financial will be available free of charge by accessing the "SEC Filings" tab of FB Financial's website at or alternatively by directing a request by mail to FB Financial's Corporate Secretary, 1221 Broadway, Suite 1300, Nashville, Tennessee 37203, and documents filed with the SEC by Southern States will be available free of charge by accessing Southern States' website at under the "SEC Filings" tab or, alternatively, by directing a request by mail to Southern States' Corporate Secretary, 615 Quintard Ave., Anniston, Alabama, 36201. Participants in the Solicitation FB Financial, Southern States, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from FB Financial and Southern States shareholders in connection with the Proposed Merger under the rules of the SEC. Information about the interests of the directors and executive officers of FB Financial and Southern States and other persons who may be deemed to be participants in the solicitation of shareholders of FB Financial and Southern States in connection with the Proposed Merger and a description of their direct and indirect interests, by security holdings or otherwise, is included in the joint proxy statement prospectus, available at Information about the directors and executive officers of FB Financial and their ownership of FB Financial's common stock may also be found in the definitive proxy statement for FB Financial's 2025 annual meeting of shareholders (available at filed with the SEC by FB Financial on March 28, 2025, and other documents subsequently filed by FB Financial with the SEC. To the extent holdings of FB Financial common stock by the directors and executive officers of FB Financial have changed from the amounts of FB Financial common stock held by such persons as reflected therein, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Information about the directors and executive officers of Southern States and their ownership of Southern States common stock may be found in Amendment No. 1 to Southern States' Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC by Southern States on April 18, 2025 (available at and other documents subsequently filed by Southern States with the SEC. To the extent holdings of Southern States common stock by the directors and executive officers of Southern States have changed from the amounts of Southern States common stock held by such persons as reflected therein, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Free copies of these documents may be obtained as described above. View source version on Contacts MEDIA CONTACT: Keith FINANCIAL CONTACT: Michael M. Mettee615-435-0952mmettee@ investorrelations@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
30-04-2025
- Business
- Associated Press
FB Financial Corporation Declares Regular Quarterly Dividend
NASHVILLE, Tenn.--(BUSINESS WIRE)--Apr 30, 2025-- FB Financial Corporation (NYSE: FBK) announced today that its board of directors declared a quarterly cash dividend of $0.19 per share. The dividend is payable on May 27, 2025, to shareholders of record as of May 13, 2025. 'We are pleased to declare our 29 th consecutive quarterly dividend to our shareholders,' stated Christopher T. Holmes, President and Chief Executive Officer. 'This dividend reflects our continued commitment to returning capital to our shareholders and underscores our financial strength. We are proud to deliver solid returns and are dedicated to maintaining this momentum as we look to the future.' ABOUT FB FINANCIAL CORPORATION FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank with 77 full-service bank branches across Tennessee, Kentucky, Alabama and North Georgia, and mortgage offices across the Southeast. FB Financial Corporation has approximately $13.14 billion in total assets. View source version on CONTACT: MEDIA CONTACT: Keith Hancock 404-310-2368 [email protected] CONTACT: Michael Mettee 615-564-1212 [email protected] [email protected] KEYWORD: UNITED STATES NORTH AMERICA TENNESSEE INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE SOURCE: FB Financial Corporation Copyright Business Wire 2025. PUB: 04/30/2025 01:00 PM/DISC: 04/30/2025 12:59 PM
Yahoo
23-04-2025
- Business
- Yahoo
FB Financial Corporation (FBK): Among Most Expensive Stocks Insiders Are Buying After Trump's Tariff Rollout
We recently published a list of . In this article, we are going to take a look at where FB Financial Corporation (NYSE:FBK) stands against other most expensive stocks insiders are buying after Trump's tariff rollout. Wall Street banks have sharply cut their targets for the broader market index due to growing fears about the economic fallout from new tariffs, writes the Financial Times. Since the tariff announcement on April 2, the broader market index has dropped nearly 7%. Major banks now expect lower market gains in 2025, with some analysts predicting a possible bear market directly triggered by presidential policy shifts. Amid tariff wars and market uncertainty, insider trading often draws attention. Insider stock purchases may signal executive confidence, while sales aren't necessarily negative—they could reflect personal or diversification choices. It's best to view insider trading in context with a company's financials and market conditions. Today, we're highlighting most expensive stocks that insiders have been buying in April. Using Insider Monkey's trading screener, we looked for companies with share prices of at least $30 and insider purchases between April 2 and April 21. From there, we ranked the top 12 stocks based on the highest average purchase price per share. Stocks that were recently covered were excluded from this list. Most of those can be seen on this list of the 19 mid- and large-cap stocks insiders are buying after Trump's tariff rollout. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A busy financial trader on a trading floor using the company's online mobile banking services. FB Financial Corporation (NYSE:FBK), headquartered in Nashville, Tennessee, is a bank holding company for FirstBank, offering a range of commercial and consumer banking services. Operating through its Banking and Mortgage segments, the company provides loans, deposit accounts, mortgage services, and investment solutions across the southeastern U.S. With roots dating back to 1906, it serves customers through a network of branches in Tennessee, Alabama, Kentucky, and North Carolina. On April 16, one insider, a director at FB Financial, James Cross acquired $291,528 worth of shares at a price of $40.49 per share. This was Cross's first purchase of FB Financial shares in more than two years. Year-to-date, the stock is down 21.16% and is trading at $40.61 per share. However, over the past 12 months, FB Financial shares have gained 7.86%. For the first quarter of fiscal 2025, FB Financial Corporation (NYSE:FBK) reported a net income of $39.4 million, or $0.84 per diluted share, up from $0.81 in the prior quarter and $0.59 a year ago. Loans grew to $9.77 billion, deposits held steady at $11.2 billion, and net interest margin improved to 3.55%. Overall, FBK ranks 9th on our list of most expensive stocks insiders are buying after Trump's tariff rollout. While we acknowledge the potential of FBK, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than FBK but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
01-04-2025
- Business
- Yahoo
FB Financial Corporation Announces 2025 First Quarter Earnings Call
NASHVILLE, Tenn., April 01, 2025--(BUSINESS WIRE)--FB Financial Corporation ("FB Financial" or "the Company") (NYSE:FBK) announced today that it will release its 2025 first quarter results of operations on Monday, April 14, 2025, after the close of market trading. The Company will host a conference call at 8:00 a.m. Central Time on Tuesday, April 15, 2025, to discuss its first quarter results of operations. For investors or analysts who want to attend the call, the dial-in number is 877-883-0383, confirmation code 4248151. A telephonic replay will be available approximately two hours after the call through April 22, 2025, by dialing 877-344-7529 and entering confirmation code 8228154. A live online broadcast of FB Financial's conference call will also begin at 8:00 a.m. Central Time on Tuesday, April 15, 2025, at FBK 1Q25 Webcast. An online replay will be available on the Company's website approximately two hours after the conclusion of the call and will remain available for 12 months. ABOUT FB FINANCIAL CORPORATION FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank with 77 full-service bank branches across Tennessee, Kentucky, Alabama and North Georgia, and mortgage offices across the Southeast. FB Financial Corporation has approximately $13.2 billion in total assets. View source version on Contacts MEDIA CONTACT: Keith FINANCIAL CONTACT: Michael Mettee615-564-1212mmettee@ investorrelations@ Sign in to access your portfolio
Yahoo
25-02-2025
- Business
- Yahoo
The five-year decline in earnings for FB Financial NYSE:FBK) isn't encouraging, but shareholders are still up 59% over that period
FB Financial Corporation (NYSE:FBK) shareholders might be concerned after seeing the share price drop 13% in the last quarter. But the silver lining is the stock is up over five years. In that time, it is up 48%, which isn't bad, but is below the market return of 107%. Although FB Financial has shed US$123m from its market cap this week, let's take a look at its longer term fundamental trends and see if they've driven returns. See our latest analysis for FB Financial To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. FB Financial's earnings per share are down 1.6% per year, despite strong share price performance over five years. So it's hard to argue that the earnings per share are the best metric to judge the company, as it may not be optimized for profits at this point. Since the change in EPS doesn't seem to correlate with the change in share price, it's worth taking a look at other metrics. The modest 1.5% dividend yield is unlikely to be propping up the share price. The revenue growth of 1.8% per year hardly seems impressive. So why is the share price up? It's not immediately obvious to us, but a closer look at the company's progress over time might yield answers. The graphic below depicts how earnings and revenue have changed over time (unveil the exact values by clicking on the image). It's good to see that there was some significant insider buying in the last three months. That's a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. So it makes a lot of sense to check out what analysts think FB Financial will earn in the future (free profit forecasts). When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. The TSR incorporates the value of any spin-offs or discounted capital raisings, along with any dividends, based on the assumption that the dividends are reinvested. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. We note that for FB Financial the TSR over the last 5 years was 59%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! It's nice to see that FB Financial shareholders have received a total shareholder return of 42% over the last year. That's including the dividend. Since the one-year TSR is better than the five-year TSR (the latter coming in at 10% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. If you want to research this stock further, the data on insider buying is an obvious place to start. You can click here to see who has been buying shares - and the price they paid. There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on American exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
