Latest news with #FBK
Novaya Gazeta Europe
15-07-2025
- Politics
- Novaya Gazeta Europe
Russian man sentenced to 3 years in prison for donating €16 to Navalny's Anti-Corruption Foundation — Novaya Gazeta Europe
A Moscow court has sentenced a man to three years in prison for donating €16 to Alexey Navalny's Anti-Corruption Foundation (FBK), independent media outlet Mediazona reported from the courtroom on Tuesday. Dmitry Marsov, a 55-year-old father of five, was arrested on 2 April and charged with making five monthly donations of 300 rubles (about €3) each to the FBK, which was declared 'extremist' by the Russian government in June 2021, between August and December of the same year. Marsov said during interrogation that he had felt remorse for what he had done 'ever since December 2021', when he ended the direct debit, Mediazona reported. He explained that he began making donations to the FBK out of a 'general belief' in fighting corruption, and only subsequently learnt that FBK members 'sullied the name of the country and the government' from abroad. Calling himself a peaceful and law-abiding person, Marsov had willingly given up all his passwords to the police and fully cooperated with the investigation. Marsov's defence team told the court that the donation was lower than the equivalent of the monthly minimum wage, and asked the court to show mercy by imposing a non-custodial sentence. In his closing statement, Marsov said he regretted what he had done, according to Mediazona, and added that it was 'foolish to believe' that any organisation could fight corruption. Marsov's sentence is the latest in a series of cases against Russians whose donations to Navalny-linked organisations had been uncovered by law enforcement accessing their banking details, with another Moscow resident, Alexey Levanov, sentenced in February to 3.5 years in prison for donating to the FBK.
Yahoo
14-07-2025
- Business
- Yahoo
FB Financial (FBK) Misses Q2 Earnings Estimates
FB Financial (FBK) came out with quarterly earnings of $0.88 per share, missing the Zacks Consensus Estimate of $0.89 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -1.12%. A quarter ago, it was expected that this bank holding company would post earnings of $0.85 per share when it actually produced earnings of $0.85, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. FB Financial, which belongs to the Zacks Banks - Northeast industry, posted revenues of $137.41 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 1.58%. This compares to year-ago revenues of $128.22 million. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. FB Financial shares have lost about 6.4% since the beginning of the year versus the S&P 500's gain of 6.4%. While FB Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for FB Financial was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.01 on $167.2 million in revenues for the coming quarter and $3.79 on $602.77 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 34% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, The Bancorp (TBBK), has yet to report results for the quarter ended June 2025. The results are expected to be released on July 24. This holding company for The Bancorp Bank is expected to post quarterly earnings of $1.26 per share in its upcoming report, which represents a year-over-year change of +17.8%. The consensus EPS estimate for the quarter has been revised 2.2% higher over the last 30 days to the current level. The Bancorp's revenues are expected to be $192.7 million, up 54.8% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FB Financial Corporation (FBK) : Free Stock Analysis Report The Bancorp, Inc. (TBBK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
14-07-2025
- Business
- Yahoo
FB Financial (FBK) Reports Q2 Earnings: What Key Metrics Have to Say
FB Financial (FBK) reported $137.41 million in revenue for the quarter ended June 2025, representing a year-over-year increase of 7.2%. EPS of $0.88 for the same period compares to $0.84 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $135.28 million, representing a surprise of +1.58%. The company delivered an EPS surprise of -1.12%, with the consensus EPS estimate being $0.89. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how FB Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency Ratio: 56.9% versus the three-analyst average estimate of 57.3%. Net Interest Margin: 3.7% compared to the 3.6% average estimate based on three analysts. Average Earning Assets: $12.24 billion versus the two-analyst average estimate of $12.57 billion. Net Charge-offs during the period to Average Loans outstanding: 0% compared to the 0.1% average estimate based on two analysts. Mortgage banking income: $13.03 million versus the three-analyst average estimate of $12.8 million. Total Noninterest income: $26 million compared to the $24.69 million average estimate based on three analysts. Net interest income (tax-equivalent basis): $112.24 million compared to the $111.95 million average estimate based on two analysts. Other Income: $2.54 million versus $2.25 million estimated by two analysts on average. Service charges on deposit accounts: $3.39 million versus $3.46 million estimated by two analysts on average. Net Interest Income: $111.42 million versus the two-analyst average estimate of $111.61 million. ATM and interchange fees: $2.88 million versus the two-analyst average estimate of $2.83 million. Investment services and trust income: $3.92 million versus the two-analyst average estimate of $3.63 million. View all Key Company Metrics for FB Financial here>>> Shares of FB Financial have returned +11.6% over the past month versus the Zacks S&P 500 composite's +4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report FB Financial Corporation (FBK) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
13-07-2025
- Business
- Yahoo
Earnings To Watch: FB Financial (FBK) Reports Q2 Results Tomorrow
Regional banking company FB Financial (NYSE:FBK) will be reporting earnings this Monday after market close. Here's what investors should know. FB Financial missed analysts' revenue expectations by 0.6% last quarter, reporting revenues of $130.7 million, up 21.6% year on year. It was a slower quarter for the company, with a slight miss of analysts' net interest income estimates and EPS in line with analysts' estimates. Is FB Financial a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting FB Financial's revenue to grow 6.1% year on year to $136 million, improving from the 2.3% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.88 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. With FB Financial being the first among its peers to report earnings this season, we don't have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 10.2% on average over the last month. FB Financial is up 11.6% during the same time and is heading into earnings with an average analyst price target of $57.20 (compared to the current share price of $48.22). Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Russia Today
09-07-2025
- Politics
- Russia Today
Russia declares Yale University ‘undesirable'
Russia has banned Yale University from operating within its territory, accusing the Connecticut-based institution of meddling in domestic affairs and attempting to destabilize its economy. The Prosecutor General's Office added Yale to the list of 'undesirable' organizations on Tuesday. 'The university's activities are aimed at violating the territorial integrity of the Russian Federation, enforcing an international blockade, undermining its economy, and destabilizing the country's socio-economic and political situation,' the office said in a statement. Prosecutors claim that the Maurice R. Greenberg World Fellows Program at the Yale Jackson School of Global Affairs has been used to 'train opposition leaders from foreign countries.' Russian opposition figure Aleksey Navalny and his close associate Leonid Volkov participated in the program in 2010 and 2018, respectively. Navalny died in prison in February 2024 while serving a lengthy sentence on extremism charges. In 2021, a Russian court banned Navalny's Anti-Corruption Foundation (FBK) under extremism laws. Last month, Volkov, who lives outside Russia, was sentenced in absentia to 18 years in prison for his activities as an FBK leader. Prosecutors alleged that FBK used 'the knowledge and techniques' acquired at Yale to 'escalate protest activities in Russia.' Prosecutors also claimed that Yale has worked to create a 'legal framework' for using frozen Russian assets to fund the Ukrainian army. Moscow regards the freezing and seizure of its assets related to the Ukraine conflict as illegal and tantamount to theft. Since 2022, Jeffrey Sonnenfeld, a professor at the Yale School of Management, and his team have campaigned to pressure foreign companies to cut ties with Moscow and advocated for tougher sanctions on Russia. In a 2024 Fortune article, Sonnenfeld and Steven Tian, research director of the Yale Chief Executive Leadership Institute, credited themselves with helping the US Treasury design sanctions targeting Russia's oil trade.
