FB Financial Corporation Boosts Dividend Payout, Reflecting Strong Financial Health

FB Financial Corporation (NYSE: FBK) has announced an increase in its regular quarterly dividend, reflecting the company's strong financial health and growth prospects. The dividend has been raised by 12% to $0.19 per share, marking the 28th consecutive quarterly dividend paid by the company. This increase is a testament to FBK's commitment to returning a portion of its earnings to shareholders through cash dividends, underscoring its financial strength and profitability.

The dividend increase is supported by FB Financial Corporation's robust financial performance and growth prospects. In the fourth quarter of 2024, the company reported net income of $37.9 million, or $0.81 per diluted common share, compared to $0.63 in the fourth quarter of last year. Adjusted net income was $39.8 million, or $0.85 per diluted common share, compared to $0.77 in the fourth quarter of last year. The company also reported a 5.22% annualized increase in loans held for investment (HFI) and an 8.49% annualized increase in deposits.

FB Financial Corporation's strong financial performance is a result of its consistent return of capital to shareholders, strategic M&A activities, and balance sheet optimization. The company's commitment to building long-term shareholder value is evident in its decision to increase the dividend, providing shareholders with a reliable source of income and capital appreciation.

The dividend increase is also a reflection of the company's commitment to maintaining a strong balance sheet and capital position. The company ended the fourth quarter with book value per common share of $33.59 and tangible book value per common share of $28.27, representing a 1.31% and 1.70% increase from the previous quarter, respectively. The company's total common shareholders' equity to total assets ratio was 11.9%, and its tangible common equity to tangible assets ratio was 10.2%.

In conclusion, the dividend increase announced by FB Financial Corporation is a positive indicator of the company's strong financial health and growth prospects. The increase reflects the company's consistent return of capital to shareholders, strong financial performance, and commitment to maintaining a strong balance sheet and capital position. As the company continues to grow and generate profits, it is likely to continue to increase its dividend, providing shareholders with a reliable source of income and capital appreciation.