Short answer
FB Financial Corp (FBK) filed its Q3 2025 10-Q quarterly report on Nov 7, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $237M (up 27.6% year over year) with net income of $23M.
Q3 2025 key financials · XBRL
- Revenue
- $237M
- +27.6% YoY · +30.1% QoQ
- Net income
- $23M
- +128.7% YoY · +703.5% QoQ
- EPS (diluted)
- $0.43
- +95.5% YoY · +514.3% QoQ
Source: XBRL data from the FB Financial Corp (FBK) Q3 2025 10-Q on SEC EDGAR. USD.
FB Financial Corp Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $173.9M Q3 2025 vs $89.5M Q3 2024; net interest income $147.2M vs $106.0M, driven by Southern States merger
- Operating margin (inferred from efficiency ratio) improved: efficiency ratio 63.2% Q3 2025 vs 85.1% Q3 2024; net interest margin 3.95% vs 3.55%
- Best segment: Banking with $26.9M income before taxes Q3 2025 vs $11.0M Q3 2024; worst: Mortgage with $2.7M income vs $0.4M prior year quarter
- Cash and cash equivalents increased to $1.28B Sep 2025 from $951.8M Sep 2024; noninterest expense rose to $109.9M Q3 2025 vs $76.2M due to merger costs and headcount
- Management notes growing provisions for credit losses ($34.4M Q3 2025 vs $1.9M prior) mainly from merger-related loan reserves; sees pressure on near-term earnings
Risk Factors
- No new risk factors added this quarter; risk disclosures consistent with prior 10-K
- Most updated risk: capital ratios with Tier 1 risk-based capital at 11.7% vs 12.0% prior, reflecting recent capital issuance and dividends
- Regulatory risk: compliance with state dividend limits requiring TDFI approval if dividends exceed net income plus two-year retained earnings capped at $76.3M available without approval as of Sept 30, 2025
- Operational risk: dividends declared increased to $28.0M for nine months ended Sept 30, 2025 vs $24.1M prior year, impacting internal capital retention
- Financial risk: strong liquidity supported by $368.0M common stock issuance from merger, but $68.0M stock repurchases reduce retained capital base
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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