Every material Form 8-K FB Financial filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
FB Financial reported third-quarter 2025 net income of $23.4 million, or $0.43 per diluted share, up from $0.06 in the prior quarter and $0.22 a year earlier. Adjusted diluted EPS was $1.07, compared with $0.88 in the second quarter and $0.86 a year earlier, and the company said loans and deposits rose mainly because of its merger with Southern States Bancshares, which closed July 1, 2025.
Total revenue was $173.9 million, compared with $76.9 million in the second quarter and $89.5 million a year earlier.
Net interest margin rose to 3.95% from 3.68% in the second quarter and 3.55% a year earlier.
Merger and integration costs were $16.1 million in the quarter, and noninterest expense was $109.9 million.
Deposits totaled $13.81 billion and loans held for investment totaled $12.30 billion at September 30, 2025.
FB Financial Corp's parent of FirstBank approved a realignment of management roles effective October 1, 2025. Chief Financial Officer Michael Mettee will also become chief operating officer, and Travis Edmondson will move from chief banking officer to chief credit officer, with amended employment agreements that include a 12.7% increase in Mettee's total direct compensation.
Michael M. Mettee, 45, adds the chief operating officer title to his CFO role and will oversee several FirstBank business and support areas across 93 branches in five states.
Travis K. Edmondson becomes chief credit officer and leaves his chief banking officer role.
Mettee's total direct compensation rises 12.7% under an amended and restated employment agreement; Edmondson is eligible for a retention bonus of about one times base salary, payable by January 31, 2026.
FB Financial reported second quarter 2025 net income of $2.9 million, or $0.06 per diluted share, down from $0.84 in the prior quarter, after a $60.5 million loss on the sale of $266.5 million in securities. Adjusted diluted EPS, which excludes the loss, rose to $0.88 from $0.85 in the prior quarter and $0.84 a year earlier, and the company closed its merger with Southern States on July 1, 2025.
GAAP diluted EPS was $0.06 versus $0.84 in Q1 2025 and $0.85 in Q2 2024; net income was $2.9 million versus $39.4 million in Q1 2025.
Adjusted diluted EPS was $0.88 versus $0.85 in Q1 2025 and $0.84 in Q2 2024; adjusted pre-tax, pre-provision net revenue was $58.6 million.
Net interest margin rose to 3.68% from 3.55% in the prior quarter, and total deposits reached $11.40 billion at June 30, 2025.
The merger with Southern States closed July 1, 2025, which the company said added approximately $2.87 billion in total assets at closing.
FB Financial completed its merger with Southern States Bancshares on July 1, 2025, and each Southern States share was converted into 0.800 FB Financial shares. Based on FB Financial's $45.30 closing price on June 30, 2025, the company put the implied transaction value at approximately $368.4 million. The deal also added $92.7 million of assumed subordinated notes and a new board member, J. Henry Smith, bringing the board to 13 directors.
Merger completed July 1, 2025; Southern States shareholders received 0.800 FB Financial shares per share.
Implied transaction value of approximately $368.4 million, based on FB Financial's $45.30 close on June 30, 2025.
FB Financial assumed $92.7 million of subordinated notes due 2031 and 2032.
J. Henry Smith appointed to the board effective at the merger's effective time; board increased to 13 directors.
FB Financial Corporation reported first-quarter 2025 net income of $39.4 million, or $0.84 per diluted share, up from $0.59 a year earlier and $0.81 in the prior quarter. Adjusted diluted EPS was $0.85, unchanged from both comparison periods, while total revenue rose to $130.7 million from $107.5 million a year earlier. Noninterest expense also rose, and the company disclosed a pending merger with Southern States Bancshares, Inc.
Diluted EPS of $0.84 versus $0.59 in Q1 2024 and $0.81 in Q4 2024; adjusted diluted EPS of $0.85, flat year over year and quarter over quarter
Total revenue of $130.7 million versus $107.5 million in Q1 2024
Noninterest expense of $79.5 million versus $72.4 million a year earlier; efficiency ratio of 60.9%
Company repurchased 208,680 shares in the quarter; conference call scheduled for April 15, 2025 at 8:00 a.m. Central Time
FB Financial Corporation and Southern States Bancshares signed a merger agreement on March 31, 2025, under which Southern States will merge into FB Financial. Southern States shareholders will receive 0.80 FB Financial shares for each share they hold, with the joint press release putting the implied value at about $381 million based on FB Financial's $47.05 closing price on March 28, 2025. The deal requires regulatory approvals and shareholder votes at both companies, and is expected to close late in the third quarter or early in the fourth quarter of 2025.
Southern States shareholders receive 0.80 FB Financial shares per share, an implied $37.64 per share or $381 million in aggregate based on the March 28, 2025 closing price of $47.05
Southern States reported total assets of $2.8 billion, loans of $2.2 billion and deposits of $2.4 billion as of December 31, 2024
Termination fee of $15 million payable by Southern States in certain circumstances, and the same amount payable by FB Financial in certain circumstances
Expected to close late in the third quarter or early in the fourth quarter of 2025, subject to regulatory and shareholder approvals
FB Financial reported fourth-quarter 2024 net income of $37.9 million, or $0.81 per diluted share, up from $0.63 a year earlier and $0.22 in the prior quarter. Total revenue was $130.4 million, compared with $116.4 million a year earlier, and noninterest expense fell to $73.2 million from $80.2 million. The filing contains no guidance for 2025.
Q4 2024 net income $37.9 million, or $0.81 per diluted share, versus $0.63 in Q4 2023 and $0.22 in Q3 2024
Adjusted diluted EPS $0.85, versus $0.77 in Q4 2023 and $0.86 in Q3 2024
Total revenue $130.4 million versus $116.4 million in Q4 2023; net interest margin 3.50%, down from 3.55% in Q3 2024
Net charge-offs of $11.3 million (0.47% annualized), driven by one previously reserved commercial and industrial relationship
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every FB Financial filing is on SEC EDGAR ↗. 8-K briefs of other companies →