Short answer
FB Financial Corp (FBK) filed an 8-K current report with the SEC on September 24, 2026 reporting Item 1.01 (Entry into a Material Definitive Agreement). $125 million subordinated debt issuance completed September 24, 2026, increasing funding available for FirstBank growth.
FB Financial Corp 8-K event analysis
AI summary of each reported item and its exhibits
Item 1.01 · Entry into a Material Definitive Agreement
- $125 million subordinated debt issuance completed September 24, 2026, increasing funding available for FirstBank growth
- 6.625% fixed coupon through October 1, 2031, then floating rate at expected Three-Month Term SOFR plus 205 basis points through 2036
- General unsecured obligations ranking below senior debt and structurally behind FirstBank depositors and other subsidiary creditors
- Callable at par beginning October 1, 2031, subject to required Federal Reserve approval
- Capital raise adds long-term financing but increases interest expense and refinancing exposure after the fixed-rate period
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