Stock Track | FB Financial Corp Soars 6.31% Intraday on Strong Q4 Earnings Beat

Stock Track
Jan 22

FB Financial Corp (FBK) saw its stock price surge by 6.31% during the intraday session on Wednesday, driven by the company's better-than-expected fourth-quarter financial results.

The bank reported Q4 adjusted earnings per share (EPS) of USD 1.16, surpassing the IBES estimate of USD 1.11. Revenue for the quarter stood at USD 178.599 million, also beating the estimate of USD 176 million. Additionally, FB Financial posted a net income of USD 56.977 million and adjusted net income of USD 61.494 million, both exceeding market expectations.

Other key metrics included net interest income of USD 149.804 million and a net interest margin of 3.98%. The strong performance was attributed to strategic initiatives, including balance sheet restructuring and talent acquisitions, as highlighted by the company's management.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10