FB Financial Q2 diluted EPS $0.85, up from $0.75 a year earlier
FB Financial Corporation reported second-quarter 2024 net income of $40.0 million, or $0.85 per diluted share, up from $0.75 a year earlier, with total revenue of $128.2 million and a net interest margin of 3.57%. Adjusted diluted EPS of $0.84 was slightly below the prior quarter's $0.85, while total deposits and some credit-quality measures moved in the less favorable direction. The company will hold a conference call on July 16, 2024.
- Net income of $40.0 million, or $0.85 per diluted share, compared with $0.59 in the first quarter of 2024 and $0.75 in the second quarter of 2023.
- Adjusted diluted EPS of $0.84, compared with $0.85 in the first quarter of 2024 and $0.77 a year earlier.
- Net interest margin rose to 3.57% from 3.42% in the first quarter of 2024 and 3.40% a year earlier.
- Total deposits fell to $10.47 billion from $10.87 billion at June 30, 2023; nonperforming loans rose to 0.79% of loans HFI from 0.47%.