FB Financial's Q4 2024: Strong Earnings and Strategic Expansion Amid Asset Growth

Strong Financial Performance:
- FB Financial reported EPS of $0.81 and an adjusted EPS of $0.85 per share for Q4 2024.
- The company reported full year EPS of $2.48 or adjusted EPS of $3.40, representing a year-over-year increase of 13%.
- The growth was driven by the team's focus on growing core banking relationships, balance sheet optimization, and expense management.

Asset and Deposit Growth:
- Total assets grew by $553 million or approximately 4.4%, fueled by growth in core deposit balances of $343.5 million or about 3.3%.
- The loan-to-deposit ratio shrank slightly, indicating measured deposit growth and balanced asset deployment.
- This growth is attributed to the company's ability to maintain a strong capital and liquidity position while cultivating organic growth within their banking services.

Capital and Liquidity Strength:
- The company's capital position remains strong, with a tangible common equity to tangible assets ratio of 10.2% and a preliminary CET1 ratio of 12.8%.
- FB Financial also reported a preliminary total risk-based capital ratio of 15.2%.
- These figures reflect the company's solid capital management and strategic deployment of capital to drive consistent long-term growth in earnings and tangible book value.

Strategic Expansion and M&A Opportunities:
- FB Financial announced expansion into Tuscaloosa, Alabama, and Asheville, North Carolina, marking its first entry into North Carolina.
- The company continues to explore potential acquisitions, with a focus on opportunities that align culturally, geographically, and financially.
- The expansion strategy is supported by the company's unique business model, which combines local market authority with a personalized community banking approach, enhancing growth prospects in new markets.