FB Financial Corp (FBK) shares tumbled 7.72% in after-hours trading on Monday following the release of its second-quarter 2025 financial results, which revealed a significant revenue miss and a substantial loss from a strategic securities sale.

The company reported quarterly revenue of $76.863 million, falling well short of the analyst consensus estimate of $136.320 million by 43.62%. This represents a 40.06% decrease compared to the same period last year. While adjusted earnings per share met expectations at $0.88, up from $0.84 a year earlier, the revenue shortfall overshadowed this achievement.

A key factor contributing to the stock's decline was a strategic sale of $266.5 million in securities, resulting in a $60.5 million GAAP loss. This move, aimed at enhancing liquidity and future margins, significantly impacted the company's bottom line, with net income dropping to just $2.909 million for the quarter. Despite management's assertion that this repositioning will benefit the company in the long term, investors appeared skeptical, as reflected in the sharp stock price decline.