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Second Quarter 2026
Financial Supplement



TABLE OF CONTENTS
 
 Page
  
Financial Summary and Key Metrics
  
Consolidated Statements of Income
 
Consolidated Balance Sheets
 
Average Balance and Interest Yield/Rate Analysis
 
Investments and Other Sources of Liquidity
  
Loan Portfolio
  
Asset Quality
 
Selected Deposit Data
 14
 
Preliminary Capital Ratios
  
Segment Data
 
Non-GAAP Reconciliations



Use of non-GAAP Financial Measures
 
This Financial Supplement contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated and segment adjusted revenue, consolidated and segment adjusted noninterest expense and adjusted noninterest income, consolidated and segment adjusted efficiency ratio (tax-equivalent basis), adjusted return on average assets and equity, and adjusted pre-tax pre-provision return on average assets. Each of these non-GAAP metrics excludes certain income and expense items that the Company’s management considers to be adjusted in nature. The Company refers to these non-GAAP measures as adjusted measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, on-balance sheet liquidity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles.
The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of the Company’s operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-adjusted gains and charges in the current and prior periods. The Company’s management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company’s underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company’s results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures. See the corresponding non-GAAP reconciliation tables below in this Financial Supplement for additional discussion and reconciliation of these measures to the most directly comparable GAAP financial measures.


Financial Summary and Key Metrics
(Unaudited)
(Dollars in Thousands, Except Per Share Data)
As of or for the Three Months Ended
Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Selected Balance Sheet Data
Cash and cash equivalents$1,112,357 $1,157,763 $1,155,895 $1,280,033 $1,165,729 
Investment securities, at fair value1,527,093 1,498,547 1,459,734 1,428,401 1,337,565 
Loans held for sale198,089 231,359 201,076 167,449 144,212 
Loans HFI12,865,510 12,503,815 12,383,626 12,297,600 9,874,282 
Allowance for credit losses on loans HFI(194,010)(186,324)(185,983)(184,993)(148,948)
Total assets16,796,101 16,468,439 16,300,292 16,236,459 13,354,238 
Interest-bearing deposits (non-brokered)10,886,056 10,838,139 10,649,932 10,634,555 8,692,848 
Brokered deposits685,902 574,216 625,634 487,765 518,719 
Noninterest-bearing deposits2,775,208 2,664,480 2,634,395 2,690,635 2,191,903 
Total deposits14,347,166 14,076,835 13,909,961 13,812,955 11,403,470 
Borrowings314,513 213,188 212,764 213,638 164,485 
Allowance for credit losses on unfunded commitments15,859 15,398 16,196 17,392 12,932 
Total common shareholders' equity1,936,531 1,973,873 1,948,165 1,978,043 1,611,130 
Selected Statement of Income Data
Total interest income$229,438 $225,350 $235,238 $236,898 $182,084 
Total interest expense80,466 79,385 85,434 89,658 70,669 
Net interest income148,972 145,965 149,804 147,240 111,415 
Total noninterest income (loss)25,780 26,375 28,795 26,635 (34,552)
Total noninterest expense91,480 95,164 107,548 109,856 81,261 
Earnings (losses) before income taxes and provisions for credit
   losses		83,272 77,176 71,051 64,019 (4,398)
Provisions for credit losses10,116 3,024 1,232 34,417 5,337 
Income tax expense (benefit)14,499 16,626 12,834 6,227 (12,652)
Net income applicable to noncontrolling interest8 — 8 — 8 
Net income applicable to FB Financial Corporation$58,649 $57,526 $56,977 $23,375 $2,909 
Net interest income (tax-equivalent basis)$149,788 $146,774 $150,642 $148,088 $112,236 
Adjusted net income*$58,905 $58,271 $61,494 $57,606 $40,821 
Adjusted pre-tax, pre-provision net revenue*$83,607 $78,184 $77,118 $80,980 $58,649 
Per Common Share
Diluted net income$1.13 $1.10 $1.07 $0.43 $0.06 
Adjusted diluted net income*1.14 1.12 1.16 1.07 0.88 
Book value38.75 38.39 37.64 37.00 35.17 
Tangible book value*31.19 31.00 30.27 29.83 29.78 
Weighted average number of shares outstanding - fully diluted51,693,688 52,203,469 53,074,753 53,957,062 46,179,090 
Period-end number of shares 49,976,755 51,418,024 51,752,401 53,456,522 45,807,689 
Selected Ratios
Return on average:
Assets1.44 %1.43 %1.40 %0.58 %0.09 %
Shareholders’ equity11.8 %11.9 %11.6 %4.69 %0.74 %
Tangible common equity*14.6 %14.7 %14.4 %5.82 %0.87 %
Efficiency ratio 52.3 %55.2 %60.2 %63.2 %105.7 %
Adjusted efficiency ratio (tax-equivalent basis)*52.0 %54.3 %56.3 %53.3 %56.9 %
Loans HFI to deposit ratio89.7 %88.8 %89.0 %89.0 %86.6 %
Noninterest-bearing deposits to total deposits 19.3 %18.9 %18.9 %19.5 %19.2 %
Net interest margin (NIM) (tax-equivalent basis)3.95 %3.94 %3.98 %3.95 %3.68 %
Yield on interest-earning assets6.07 %6.07 %6.23 %6.35 %5.99 %
Cost of interest-bearing liabilities2.84 %2.83 %3.02 %3.21 %3.13 %
Cost of total deposits2.26 %2.27 %2.40 %2.53 %2.48 %
Credit Quality Ratios
Allowance for credit losses on loans HFI as a percentage of loans HFI1.51 %1.49 %1.50 %1.50 %1.51 %
Annualized net charge-offs as a percentage of average loans HFI0.06 %0.11 %0.05 %0.05 %0.02 %
Nonperforming loans HFI as a percentage of loans HFI1.17 %0.96 %0.97 %0.94 %0.97 %
Nonperforming assets as a percentage of total assets1.14 %0.98 %0.97 %0.89 %0.92 %
Preliminary Capital Ratios (consolidated)
Total common shareholders’ equity to assets11.5 %12.0 %12.0 %12.2 %12.1 %
Tangible common equity to tangible assets*9.49 %9.91 %9.84 %10.1 %10.4 %
Tier 1 leverage10.1 %10.4 %10.3 %10.6 %11.3 %
Tier 1 risk-based capital 11.0 %11.5 %11.4 %11.7 %12.6 %
Total risk-based capital 12.9 %13.4 %13.2 %13.6 %14.7 %
Common equity Tier 1 11.0 %11.5 %11.4 %11.7 %12.3 %
*This represents a non-GAAP financial measure; See “Use of non-GAAP Financial Measures”and non-GAAP reconciliations herein.
FB Financial Corporation
4

Consolidated Statements of Income
(Unaudited)
(Dollars in Thousands, Except Per Share Data)
  Jun 2026Jun 2026
  vs.vs.
 Three Months EndedMar 2026Jun 2025
Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Percent variance Percent variance
Interest income:
Interest and fees on loans$206,434 $201,257 $209,734 $209,307 $159,697 2.57 %29.3 %
Interest on investment securities
Taxable13,804 13,575 14,380 14,395 14,661 1.69 %(5.85)%
Tax-exempt1,066 1,054 1,058 1,058 1,036 1.14 %2.90 %
Other8,134 9,464 10,066 12,138 6,690 (14.1)%21.6 %
Total interest income229,438 225,350 235,238 236,898 182,084 1.81 %26.0 %
Interest expense:
Deposits78,768 77,878 83,813 86,577 68,568 1.14 %14.9 %
Borrowings1,698 1,507 1,621 3,081 2,101 12.7 %(19.2)%
Total interest expense80,466 79,385 85,434 89,658 70,669 1.36 %13.9 %
Net interest income148,972 145,965 149,804 147,240 111,415 2.06 %33.7 %
Provision for (reversal of) credit losses on loans HFI9,655 3,822 2,428 29,957 (1,102)152.6 %(976.1)%
Provision for (reversal of) credit losses on unfunded
   commitments		461 (798)(1,196)4,460 6,439 (157.8)%(92.8)%
Net interest income after provisions for credit
   losses		138,856 142,941 148,572 112,823 106,078 (2.86)%30.9 %
Noninterest income:
Mortgage banking income11,170 12,253 13,505 13,484 13,029 (8.84)%(14.3)%
Investment services and trust income4,517 4,348 4,473 4,227 3,922 3.89 %15.2 %
Service charges on deposit accounts4,468 4,376 4,184 4,049 3,392 2.10 %31.7 %
ATM and interchange fees3,274 2,977 3,146 3,388 2,878 9.98 %13.8 %
Gain (loss) from securities, net— 1 64 12 (60,549)(100.0)%(100.0)%
(Loss) gain on sales or write-downs of premises and
   equipment, other real estate owned and other assets, net
(377)(320)(131)(646)236 17.8 %(259.7)%
Other income2,728 2,740 3,554 2,121 2,540 (0.44)%7.40 %
Total noninterest income (loss)25,780 26,375 28,795 26,635 (34,552)(2.26)%(174.6)%
Total revenue174,752 172,340 178,599 173,875 76,863 1.40 %127.4 %
Noninterest expenses:
Salaries, commissions and employee benefits53,332 57,348 63,529 59,210 46,631 (7.00)%14.4 %
Occupancy and equipment expense7,617 7,476 7,239 7,539 6,710 1.89 %13.5 %
Advertising2,556 2,148 2,464 2,453 2,178 19.0 %17.4 %
Data processing 2,352 2,454 2,809 2,457 2,161 (4.16)%8.84 %
Legal and professional fees1,882 1,980 2,503 1,227 2,426 (4.95)%(22.4)%
Amortization of core deposits and other intangibles1,804 1,869 1,932 2,079 631 (3.48)%185.9 %
Merger and integration costs— 1,447 4,611 16,057 2,734 (100.0)%(100.0)%
Other expense21,937 20,442 22,461 18,834 17,790 7.31 %23.3 %
Total noninterest expense91,480 95,164 107,548 109,856 81,261 (3.87)%12.6 %
Income (loss) before income taxes73,156 74,152 69,819 29,602 (9,735)(1.34)%(851.5)%
Income tax expense (benefit) 14,499 16,626 12,834 6,227 (12,652)(12.8)%(214.6)%
Net income applicable to FB Financial
Corporation and noncontrolling interest
58,657 57,526 56,985 23,375 2,917 1.97 %NM
Net income applicable to noncontrolling interest8 — 8 — 8 100.0 %— %
Net income applicable to FB Financial
Corporation
$58,649 $57,526 $56,977 $23,375 $2,909 1.95 %NM
Weighted average common shares outstanding:  
Basic51,358,070 51,724,458 52,621,950 53,627,997 45,946,428 (0.71)%11.8 %
Fully diluted51,693,688 52,203,469 53,074,753 53,957,062 46,179,090 (0.98)%11.9 %
Earnings per common share:  
Basic$1.14 $1.11 $1.08 $0.44 $0.06 2.70 %NM
Fully diluted1.13 1.10 1.07 0.43 0.06 2.73 %NM
Fully diluted - adjusted*1.14 1.12 1.16 1.07 0.88 1.79 %29.5 %
*This represents a non-GAAP financial measure; See “Use of non-GAAP Financial Measures”and non-GAAP reconciliations herein.
NM- Not meaningful




FB Financial Corporation
5

Consolidated Statements of Income
(Unaudited)
(Dollars in Thousands, Except Per Share Data)
   Jun 2026
 vs.
 Six Months EndedJun 2025
 Jun 2026Jun 2025Percent variance
Interest income:
Interest and fees on loans$407,691 $312,882 30.3 %
Interest on investment securities
Taxable27,379 29,132 (6.02)%
Tax-exempt2,120 2,069 2.46 %
Other17,598 17,707 (0.62)%
Total interest income454,788 361,790 25.7 %
Interest expense:
Deposits156,646 138,817 12.8 %
Borrowings3,205 3,917 (18.2)%
Total interest expense159,851 142,734 12.0 %
Net interest income294,937 219,056 34.6 %
Provision for credit losses on loans HFI13,477 804 NM
(Reversal of) provision for credit losses on unfunded commitments(337)6,825 (104.9)%
Net interest income after provisions for credit losses281,797 211,427 33.3 %
Noninterest income:
Mortgage banking income23,423 25,455 (7.98)%
Investment services and trust income8,865 7,633 16.1 %
Service charges on deposit accounts8,844 6,871 28.7 %
ATM and interchange fees6,251 5,555 12.5 %
Gain (loss) from securities, net1 (60,533)(100.0)%
Loss on sales or write-downs of premises and equipment, other real estate owned and other assets, net(697)(389)79.2 %
Other income5,468 3,888 40.6 %
Total noninterest income (loss)52,155 (11,520)(552.7)%
Total revenue347,092 207,536 67.2 %
Noninterest expenses:
Salaries, commissions and employee benefits110,680 94,982 16.5 %
Occupancy and equipment expense15,093 13,307 13.4 %
Merger and integration costs1,447 3,135 (53.8)%
Data processing 4,806 4,474 7.42 %
Advertising4,704 4,665 0.84 %
Legal and professional fees3,862 4,418 (12.6)%
Amortization of core deposit and other intangibles3,673 1,287 185.4 %
Other expense42,379 34,542 22.7 %
Total noninterest expense186,644 160,810 16.1 %
Income before income taxes147,308 39,097 276.8 %
Income tax expense (benefit)31,125 (3,181)NM
Net income applicable to noncontrolling interest and FB Financial Corporation116,183 42,278 174.8 %
Net income applicable to noncontrolling interests8 8 — %
Net income applicable to FB Financial Corporation$116,175 $42,270 174.8 %
Weighted average common shares outstanding: 
Basic51,540,252 46,308,551 11.3 %
Fully diluted51,931,419 46,570,848 11.5 %
Earnings per common share:
Basic$2.25 $0.91 147.3 %
Fully diluted2.24 0.91 146.2 %
Fully diluted - adjusted*2.26 1.74 29.9 %
*This represents a non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and non-GAAP reconciliations herein.
NM- Not meaningful




FB Financial Corporation
6

Consolidated Balance Sheets
(Unaudited)
(Dollars in Thousands)
  Annualized 
  Jun 2026Jun 2026
  vs.vs.
As ofMar 2026Jun 2025
Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Percent variance Percent variance
ASSETS
Cash and due from banks$147,034 $159,883 $196,213 $154,286 $143,317 (32.2)%2.59 %
Federal funds sold and reverse repurchase agreements
228,861 199,009 213,391 283,451 352,124 60.2 %(35.0)%
Interest-bearing deposits in financial institutions736,462 798,871 746,291 842,296 670,288 (31.3)%9.87 %
Cash and cash equivalents1,112,357 1,157,763 1,155,895 1,280,033 1,165,729 (15.7)%(4.58)%
Investments:
Available-for-sale debt securities, at fair value1,521,093 1,498,547 1,459,579 1,426,951 1,337,565 6.03 %13.72 %
Equity securities, at fair value6,000 — 155 1,450 — (100.0)%(100.0)%
Restricted equity securities, at cost87,572 79,458 79,046 36,231 33,626 41.0 %160.4 %
Loans held for sale198,089 231,359 201,076 167,449 144,212 (57.7)%37.4 %
Loans held for investment12,865,510 12,503,815 12,383,626 12,297,600 9,874,282 11.6 %30.3 %
Less: allowance for credit losses on loans HFI194,010 186,324 185,983 184,993 148,948 16.5 %30.3 %
Net loans held for investment12,671,500 12,317,491 12,197,643 12,112,607 9,725,334 11.5 %30.3 %
Premises and equipment, net180,058 181,268 182,370 183,595 147,243 (2.68)%22.3 %
Other real estate owned, net5,544 6,449 6,009 4,466 2,998 (56.3)%84.9 %
Operating lease right-of-use assets47,535 48,223 49,249 51,035 47,764 (5.72)%(0.48)%
Interest receivable58,792 59,837 58,565 60,755 50,386 (7.00)%16.7 %
Mortgage servicing rights, at fair value145,374 147,344 148,795 149,840 153,464 (5.36)%(5.27)%
Bank-owned life insurance111,184 110,484 111,865 113,374 72,686 2.54 %53.0 %
Goodwill350,353 350,353 350,353 350,353 242,561 — %44.4 %
Core deposit and other intangibles, net27,611 29,415 31,284 33,216 4,475 (24.6)%517.0 %
Other assets273,039 250,448 268,408 265,104 226,195 36.2 %20.7 %
Total assets$16,796,101 $16,468,439 $16,300,292 $16,236,459 $13,354,238 7.98 %25.8 %
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits
Noninterest-bearing$2,775,208 $2,664,480 $2,634,395 $2,690,635 $2,191,903 16.7 %26.6 %
Interest-bearing checking2,479,291 2,642,713 2,651,369 2,458,625 2,325,551 (24.8)%6.61 %
Money market and savings5,786,480 5,886,370 5,969,640 5,968,094 4,645,552 (6.81)%24.6 %
Customer time deposits2,620,285 2,309,056 2,028,923 2,206,790 1,721,745 54.1 %52.2 %
Brokered and internet time deposits685,902 574,216 625,634 488,811 518,719 78.0 %32.2 %
Total deposits14,347,166 14,076,835 13,909,961 13,812,955 11,403,470 7.70 %25.8 %
Borrowings314,513 213,188 212,764 213,638 164,485 190.6 %91.2 %
Operating lease liabilities57,940 59,106 60,556 62,664 59,289 (7.91)%(2.28)%
Accrued expenses and other liabilities139,858 145,344 168,753 169,066 115,771 (15.1)%20.8 %
Total liabilities14,859,477 14,494,473 14,352,034 14,258,323 11,743,015 10.1 %26.5 %
Shareholders’ equity:
Common stock, $1 par value49,977 51,418 51,752 53,457 45,808 (11.2)%9.10 %
Additional paid-in capital981,194 1,064,619 1,082,344 1,163,164 822,548 (31.4)%19.3 %
Retained earnings940,824 893,095 846,620 799,900 786,785 21.4 %19.6 %
Accumulated other comprehensive loss, net(35,464)(35,259)(32,551)(38,478)(44,011)2.33 %(19.4)%
Total common shareholders’ equity1,936,531 1,973,873 1,948,165 1,978,043 1,611,130 (7.59)%20.2 %
Noncontrolling interest93 93 93 93 93 — %— %
Total equity1,936,624 1,973,966 1,948,258 1,978,136 1,611,223 (7.59)%20.2 %
Total liabilities and shareholders’ equity$16,796,101 $16,468,439 $16,300,292 $16,236,459 $13,354,238 7.98 %25.8 %

FB Financial Corporation
7

Average Balance and Interest Yield/Rate Analysis
(Unaudited)
(Dollars in Thousands)
 Three Months Ended
 June 30, 2026March 31, 2026
 Average
balances		Interest
income/
expense		Average
yield/
rate		Average
balances		Interest
income/
expense		Average
yield/
rate
Interest-earning assets:      
Loans HFI(a)(b)
$12,611,425 $203,763 6.48 %$12,415,278 $199,145 6.51 %
Mortgage loans held for sale205,594 3,111 6.07 %171,452 2,550 6.03 %
Investment securities:
Taxable1,405,824 13,804 3.94 %1,378,627 13,575 3.99 %
Tax-exempt(b)
169,143 1,442 3.42 %168,658 1,425 3.43 %
Total investment securities(b)
1,574,967 15,246 3.88 %1,547,285 15,000 3.93 %
Federal funds sold and reverse repurchase agreements199,542 1,974 3.97 %207,809 2,021 3.94 %
Interest-bearing deposits with other financial institutions544,979 5,006 3.68 %698,672 6,337 3.68 %
Restricted equity securities, at cost82,091 1,154 5.64 %79,257 1,106 5.66 %
Total interest-earning assets(b)
15,218,598 230,254 6.07 %15,119,753 226,159 6.07 %
Noninterest-earning assets: 
Cash and due from banks141,072 147,305 
Allowance for credit losses on loans HFI(187,329)(188,214)
Other assets(c)(d)
1,161,673 1,179,428 
Total noninterest-earning assets1,115,416 1,138,519 
Total assets$16,334,014 $16,258,272 
Interest-bearing liabilities:
Interest-bearing deposits: 
Interest-bearing checking$2,527,571 $11,601 1.84 %$2,628,330 $12,348 1.91 %
Money market5,305,608 39,263 2.97 %5,471,973 39,871 2.96 %
Savings deposits490,923 1,035 0.85 %447,380 656 0.59 %
Customer time deposits2,308,317 20,610 3.58 %2,116,914 19,000 3.64 %
Brokered and internet time deposits625,579 6,259 4.01 %604,764 6,003 4.03 %
       Time deposits2,933,896 26,869 3.67 %2,721,678 25,003 3.73 %
Total interest-bearing deposits11,257,998 78,768 2.81 %11,269,361 77,878 2.80 %
Other interest-bearing liabilities: 
Securities sold under agreements to repurchase and federal funds purchased10,683 18 0.68 %12,554 16 0.52 %
Federal Home Loan Bank advances5,769 41 2.85 %— — — %
Subordinated debt84,145 1,491 7.11 %83,798 1,486 7.19 %
Other borrowings16,478 148 3.60 %1,118 5 1.81 %
Total other interest-bearing liabilities117,075 1,698 5.82 %97,470 1,507 6.27 %
Total interest-bearing liabilities11,375,073 80,466 2.84 %11,366,831 79,385 2.83 %
Noninterest-bearing liabilities: 
Demand deposits2,722,563 2,652,462 
Other liabilities(d)
249,086 273,009 
Total noninterest-bearing liabilities2,971,649 2,925,471 
Total liabilities14,346,722 14,292,302 
Total common shareholders’ equity1,987,199 1,965,877 
Noncontrolling interest93 93 
Total equity1,987,292 1,965,970 
Total liabilities and shareholders’ equity$16,334,014 $16,258,272 
Net interest income(b)
 $149,788 $146,774 
Interest rate spread(b)
  3.23 %3.24 %
Net interest margin(b)(e)
  3.95 %3.94 %
Cost of total deposits  2.26 %2.27 %
Average interest-earning assets to average interest-bearing liabilities  133.8 %133.0 %
Tax-equivalent adjustment $816 $809 
Loans HFI yield components:  
    Contractual interest rate(b)
 $195,348 6.22 %$190,529 6.22 %
    Origination and other loan fee income 2,589 0.08 %2,148 0.07 %
    Accretion on purchased loans 5,049 0.16 %6,297 0.21 %
    Nonaccrual interest 777 0.02 %171 0.01 %
          Total loans HFI yield $203,763 6.48 %$199,145 6.51 %
(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.
(b) Includes tax-equivalent adjustment using combined federal and blended state statutory income tax rate of 26.06%.
(c) Includes average net unrealized losses on investment securities available for sale of $50,915 and $43,443 for the three months ended June 30, 2026 and March 31, 2026, respectively.
(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $33,122 and $31,982 for the three months ended June 30, 2026 and March 31, 2026, respectively.
(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.


FB Financial Corporation
8

Average Balance and Interest Yield/Rate Analysis (continued)
(Unaudited)
(Dollars in Thousands)
 Three Months Ended
 December 31, 2025September 30, 2025June 30, 2025
 Average
balances		Interest
income/
expense		Average
yield/
rate		Average
balances		Interest
income/
expense		Average
yield/
rate		Average
balances		Interest
income/
expense		Average
yield/
rate
Interest-earning assets:   
Loans HFI(a)(b)
$12,368,964 $207,140 6.64 %$12,189,401 $207,423 6.75 %$9,840,932 $157,964 6.44 %
Mortgage loans held for sale169,422 3,059 7.16 %162,205 2,359 5.77 %126,072 2,189 6.96 %
Investment securities:
Taxable1,346,232 14,380 4.24 %1,304,894 14,395 4.38 %1,534,895 14,661 3.83 %
Tax-exempt(b)
169,355 1,431 3.35 %169,523 1,431 3.35 %167,675 1,401 3.35 %
Total investment securities(b)
1,515,587 15,811 4.14 %1,474,417 15,826 4.26 %1,702,570 16,062 3.78 %
Federal funds sold and reverse repurchase   agreements238,393 2,426 4.04 %331,029 3,966 4.75 %113,252 1,256 4.45 %
Interest-bearing deposits with other financial institutions693,612 6,800 3.89 %671,634 7,340 4.34 %426,073 4,733 4.46 %
Restricted equity securities, at cost49,029 840 6.80 %36,907 832 8.94 %35,623 701 7.89 %
Total interest-earning assets(b)
15,035,007 236,076 6.23 %14,865,593 237,746 6.35 %12,244,522 182,905 5.99 %
Noninterest-earning assets:
Cash and due from banks137,536 139,226 115,717 
Allowance for credit losses on loans HFI(185,526)(181,973)(151,586)
Other assets(c)(d)
1,164,178 1,184,942 823,837 
Total noninterest-earning assets1,116,188 1,142,195 787,968 
Total assets$16,151,195 $16,007,788 $13,032,490 
Interest-bearing liabilities:
Interest-bearing deposits:
    Interest-bearing checking$2,379,679 $11,538 1.92 %$2,331,589 $12,383 2.11 %$2,521,239 $15,870 2.52 %
    Money market5,609,158 46,018 3.25 %5,561,538 49,019 3.50 %4,115,987 34,957 3.41 %
    Savings deposits417,110 419 0.40 %406,787 248 0.24 %352,307 98 0.11 %
    Customer time deposits2,088,577 19,561 3.72 %1,997,905 18,965 3.77 %1,404,368 12,454 3.56 %
    Brokered and internet time deposits608,136 6,277 4.10 %560,127 5,962 4.22 %481,686 5,189 4.32 %
       Time deposits2,696,71325,8383.80 %2,558,032 24,927 3.87 %1,886,054 17,643 3.75 %
Total interest-bearing deposits11,102,66083,8132.99 %10,857,946 86,577 3.16 %8,875,587 68,568 3.10 %
Other interest-bearing liabilities:
Securities sold under agreements to repurchase and federal funds purchased12,473 31 0.99 %13,144 31 0.94 %11,107 26 0.94 %
  Federal Home Loan Bank advances— — — %15,217 172 4.48 %23,077 258 4.48 %
  Subordinated debt83,458 1,491 7.09 %180,805 2,872 6.30 %130,851 1,813 5.56 %
  Other borrowings9,296 99 4.23 %1,168 6 2.04 %2,294 4 0.70 %
Total other interest-bearing liabilities105,227 1,621 6.11 %210,334 3,081 5.81 %167,329 2,101 5.04 %
Total interest-bearing liabilities11,207,887 85,434 3.02 %11,068,280 89,658 3.21 %9,042,916 70,669 3.13 %
Noninterest-bearing liabilities:
Demand deposits2,733,207 2,724,898 2,206,305 
Other liabilities(d)
253,375 236,732 200,077 
Total noninterest-bearing liabilities2,986,582 2,961,630 2,406,382 
Total liabilities14,194,469 14,029,910 11,449,298 
Total common shareholders’ equity1,956,633 1,977,785 1,583,099 
Noncontrolling interest93 93 93 
Total equity1,956,726 1,977,878 1,583,192 
Total liabilities and shareholders’ equity$16,151,195 $16,007,788 $13,032,490 
Net interest income(b)
$150,642 $148,088 $112,236 
Interest rate spread(b)
3.21 %3.14 %2.86 %
Net interest margin(b)(e)
3.98 %3.95 %3.68 %
Cost of total deposits2.40 %2.53 %2.48 %
Average interest-earning assets to average interest-bearing liabilities134.1 %134.3 %135.4 %
Tax-equivalent adjustment$838 $848 $821 
Loans HFI yield components:
    Contractual interest rate(b)
$197,683 6.34 %$198,320 6.45 %$155,697 6.34 %
    Origination and other loan fee income2,633 0.08 %1,575 0.05 %1,945 0.08 %
    Accretion (amortization) on purchased loans6,406 0.21 %7,025 0.23 %(62)— %
    Nonaccrual interest418 0.01 %503 0.02 %384 0.02 %
          Total loans HFI yield$207,140 6.64 %$207,423 6.75 %$157,964 6.44 %
(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.
(b) Includes tax-equivalent adjustment using combined federal and blended state statutory income tax rate of 26.06%.
(c) Includes average net unrealized losses on investment securities available for sale of $51,415, $64,781 and $128,818 for the three months ended December 31, 2025, September 30, 2025 and
June 30, 2025, respectively.
(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $23,208, $21,645
and $25,159 for the three months ended December 31, 2025, September 30, 2025 and June 30, 2025, respectively.
(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.

FB Financial Corporation
9

Average Balance and Interest Yield/Rate Analysis (continued)
(Unaudited)
(Dollars in Thousands)
 Six Months Ended
 June 30, 2026June 30, 2025
 Average
balances		Interest
income/
expense		Average
yield/
rate		Average
balances		Interest
income/
expense		Average
yield/
rate
Interest-earning assets:      
Loans HFI(a)(b)
$12,513,893 $402,908 6.49 %$9,731,602 $310,138 6.43 %
Mortgage loans held for sale188,617 5,661 6.05 %110,096 3,622 6.63 %
Investment securities:
Taxable1,392,301 27,379 3.97 %1,538,363 29,132 3.82 %
Tax-exempt(b)
168,902 2,867 3.42 %167,815 2,798 3.36 %
Total investment securities(b)
1,561,203 30,246 3.91 %1,706,178 31,930 3.77 %
Federal funds sold and reverse repurchase agreements203,653 3,995 3.96 %118,293 2,630 4.48 %
Interest-bearing deposits with other financial institutions621,401 11,343 3.68 %617,581 13,635 4.45 %
Restricted equity securities, at cost80,682 2,260 5.65 %34,067 1,442 8.54 %
Total interest-earning assets(b)
15,169,449 456,413 6.07 %12,317,817 363,397 5.95 %
Noninterest-earning assets:
Cash and due from banks144,171 119,417 
Allowance for credit losses on loans HFI(187,769)(151,909)
Other assets(c)(d)
1,170,501 833,923 
Total noninterest-earning assets1,126,903 801,431 
Total assets$16,296,352 $13,119,248 
Interest-bearing liabilities:
Interest-bearing deposits:
    Interest-bearing checking$2,577,672 $23,949 1.87 %$2,679,843 $34,137 2.57 %
    Money market5,388,331 79,134 2.96 %4,099,959 69,317 3.41 %
    Savings deposits469,271 1,691 0.73 %353,082 164 0.09 %
    Customer time deposits2,213,144 39,610 3.61 %1,388,793 25,156 3.65 %
    Brokered and internet time deposits615,229 12,262 4.02 %462,909 10,043 4.38 %
       Time deposits2,828,373 51,872 3.70 %1,851,702 35,199 3.83 %
Total interest-bearing deposits11,263,647 156,646 2.80 %8,984,586 138,817 3.12 %
Other interest-bearing liabilities:
Securities sold under agreements to repurchase and federal funds purchased11,613 34 0.59 %11,077 32 0.58 %
  Federal Home Loan Bank advances2,901 41 2.85 %11,602 258 4.48 %
  Subordinated debt83,972 2,977 7.15 %130,803 3,617 5.58 %
  Other borrowings 8,840 153 3.49 %1,760 10 1.15 %
Total other interest-bearing liabilities107,326 3,205 6.02 %155,242 3,917 5.09 %
Total interest-bearing liabilities11,370,973 159,851 2.83 %9,139,828 142,734 3.15 %
Noninterest-bearing liabilities:
Demand deposits2,687,706 2,170,812 
   Other liabilities(d)
260,983 224,988 
Total noninterest-bearing liabilities2,948,689 2,395,800 
Total liabilities14,319,662 11,535,628 
Total common shareholders’ equity1,976,597 1,583,527
Noncontrolling interest93 93 
Total equity1,976,690 1,583,620 
Total liabilities and shareholders’ equity$16,296,352 $13,119,248 
Net interest income(b)
$296,562 $220,663 
Interest rate spread(b)
3.24 %2.80 %
Net interest margin(b)(e)
3.94 %3.61 %
Cost of total deposits2.26 %2.51 %
Average interest-earning assets to average interest-bearing liabilities133.4 %134.8 %
Tax equivalent adjustment $1,625  $1,607 
Loans HFI yield components:   
    Contractual interest rate(b)
 $385,877 6.21 %$305,516 6.33 %
    Origination and other loan fee income 4,737 0.08 %3,742 0.08 %
    Accretion (amortization) on purchased loans 11,346 0.18 %(60)— %
    Nonaccrual interest 948 0.02 %940 0.02 %
          Total loans HFI yield $402,908 6.49 %$310,138 6.43 %
(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.
(b) Includes tax-equivalent adjustment using combined federal and blended state statutory income tax rate of 26.06%.
(c) Includes average net unrealized losses on investment securities available for sale of $47,200 and $130,531 for the six months ended June 30, 2026 and 2025, respectively.
(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $32,555 and $27,930 for the      six months ended June 30, 2026 and 2025, respectively.
(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.
FB Financial Corporation
10

Investments and Other Sources of Liquidity
(Unaudited)
(Dollars in Thousands)
 As of
Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Investment securities, at fair value
Available-for-sale debt securities:  
  U.S. government agency securities$748,777 49 %$713,910 48 %$670,088 46 %$653,197 46 %$642,264 48 %
  Mortgage-backed securities - residential573,179 38 %599,180 40 %602,320 41 %587,587 41 %541,343 40 %
  Mortgage-backed securities - commercial20,205 2 %10,632 1 %10,678 1 %10,681 1 %8,752 1 %
  Municipal securities170,173 11 %166,033 11 %168,370 12 %165,411 12 %144,228 11 %
  Treasury securities7,066 — %7,092 — %7,125 — %7,080 — %— — %
  Corporate securities1,693 — %1,700 — %998 — %2,995 — %978 — %
Total available-for-sale debt securities1,521,093 100 %1,498,547 100 %1,459,579 100 %1,426,951 100 %1,337,565 100 %
Equity securities, at fair value 6,000 — %— — %155 — %1,450 — %— — %
Total investment securities, at fair value $1,527,093 100 %$1,498,547 100 %$1,459,734 100 %$1,428,401 100 %$1,337,565 100 %
Investment securities to total assets9.09 % 9.10 %8.96 %8.80 %10.0 %
Unrealized loss on available-for-sale debt securities(51,828)(51,495)(47,887)(55,890)(63,262)
Sources of liquidity
Current on-balance sheet:
  Cash and cash equivalents$1,112,35762 %$1,157,76365 %$1,155,89564 %$1,280,03368 %$1,165,72968 %
  Unpledged available-for-sale debt securities691,29038 %637,18235 %649,00036 %608,71632 %547,35432 %
  Equity securities, at fair value6,000— %—— %155 — %1,450 — %—— %
Total on-balance sheet liquidity$1,809,647100 %$1,794,945100 %$1,805,050 100 %$1,890,199 100 %$1,713,083 100 %
Available sources of liquidity:
  Unsecured borrowing capacity(a)
$4,012,661 48 %$4,021,984 47 %$3,915,314 47 %$4,018,822 52 %$3,325,751 48 %
   FHLB remaining borrowing capacity2,249,33327 %2,213,25126 %2,214,79626 %1,551,28320 %1,481,37621 %
   Federal Reserve discount window2,138,24825 %2,319,52127 %2,268,59927 %2,196,78528 %2,119,01831 %
Total available sources of liquidity$8,400,242 100 %$8,554,756 100 %$8,398,709 100 %$7,766,890 100 %$6,926,145 100 %
On-balance sheet liquidity as a
    percentage of total assets		10.8 %10.9 %11.1 %11.6 %12.8 %
On-balance sheet liquidity as a
    percentage of total tangible assets*		11.0 %11.2 %11.3 %11.9 %13.1 %
On-balance sheet liquidity and available
    sources of liquidity as a percentage of
    estimated uninsured and
    uncollateralized deposits(b)
246.7 %255.0 %249.8 %245.0 %289.5 %
(a) Includes capacity available per internal policy in the form of brokered deposits and unsecured lines of credit.
(b) Amounts are shown on a fully consolidated basis and exclude deposits of affiliates that are eliminated in consolidation.
*This represents a non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and non-GAAP reconciliations herein.


FB Financial Corporation
11

Loan Portfolio
(Unaudited)
(Dollars in Thousands)
 As of
 Jun 2026% of Total Mar 2026% of TotalDec 2025% of TotalSep 2025% of TotalJun 2025% of Total
Loan portfolio  
Commercial and industrial $2,259,794 18 %$2,239,228 18 %$2,181,935 18 %$2,155,105 17 %$1,788,911 18 %
Construction1,157,961 9 %1,177,082 9 %1,188,494 10 %1,195,392 10 %1,022,678 10 %
Residential real estate: 
1-to-4 family mortgage1,917,533 15 %1,856,308 15 %1,838,122 15 %1,852,626 15 %1,660,696 17 %
Residential line of credit802,753 6 %768,190 6 %741,309 6 %707,303 6 %641,433 7 %
Multi-family mortgage767,500 6 %716,795 6 %745,360 6 %736,424 6 %587,254 6 %
Commercial real estate: 
Owner-occupied2,252,681 18 %2,204,731 18 %2,148,870 17 %2,124,920 17 %1,370,123 14 %
Non-owner occupied3,016,923 23 %2,869,759 23 %2,900,499 23 %2,890,233 24 %2,198,689 22 %
Consumer and other690,365 5 %671,722 5 %639,037 5 %635,597 5 %604,498 6 %
Total loans HFI$12,865,510 100 %$12,503,815 100 %$12,383,626 100 %$12,297,600 100 %$9,874,282 100 %
Percentage of loans HFI portfolio with
    floating interest rates		52.8 %52.3 %52.2 %51.5 %49.6 %
Percentage of loans HFI portfolio with
  floating interest rates that mature after
  one year		50.2 %49.0 %49.3 %48.0 %45.2 %
Loans by market(a)
Metropolitan$5,723,437 44 %$5,642,300 45 %$5,812,055 47 %$5,828,109 48 %$4,964,113 50 %
Community3,174,989 25 %3,055,745 25 %2,893,961 23 %2,876,244 23 %1,380,561 14 %
Specialty lending and other3,967,084 31 %3,805,770 30 %3,677,610 30 %3,593,247 29 %3,529,608 36 %
Total$12,865,510 100 %$12,503,815 100 %$12,383,626 100 %$12,297,600 100 %$9,874,282 100 %
Unfunded loan commitments
Commercial and industrial $1,472,485 45 %$1,465,835 45 %$1,464,207 45 %$1,451,366 46 %$1,396,533 49 %
Construction743,922 23 %730,199 23 %704,781 22 %731,742 23 %535,669 19 %
Residential real estate:
1-to-4 family mortgage12,158 — %14,427 — %16,942 1 %5,581 — %3,545 — %
Residential line of credit850,189 26 %837,761 26 %828,042 26 %808,961 25 %745,570 26 %
Multi-family mortgage6,981 —%8,145 —%6,698 —%6,665 —%4,260 —%
Commercial real estate:
Owner-occupied96,729 3 %97,430 3 %92,265 3 %96,287 3 %86,135 3 %
Non-owner occupied80,600 2 %59,417 2 %65,037 2 %68,293 2 %67,974 2 %
Consumer and other25,850 1 %23,763 1 %20,530 1 %21,480 1 %21,999 1 %
Total unfunded loans HFI$3,288,914 100 %$3,236,977 100 %$3,198,502 100 %$3,190,375 100 %$2,861,685 100 %
(a) Prior period amounts have been recast to reflect updated definitions of market categories.
FB Financial Corporation
12

Asset Quality
As of or for the Three Months Ended
(Unaudited)
(Dollars in Thousands)
 As of or for the Three Months Ended
 Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Allowance for credit losses on loans HFI roll forward summary
Allowance for credit losses on loans HFI at the beginning of the period$186,324 $185,983 $184,993 $148,948 $150,531 
Charge-offs(2,482)(4,033)(1,818)(1,709)(1,454)
Recoveries513 552 380 279 973 
Impact of change in accounting estimate for current expected credit losses— — — — (6,848)
Provision for credit losses on loans HFI9,655 3,822 2,428 29,957 5,746 
Initial allowance on acquired loans with credit deterioration— — — 7,518 — 
Allowance for credit losses on loans HFI at the end of the period$194,010 $186,324 $185,983 $184,993 $148,948 
Allowance for credit losses on loans HFI as a percentage of loans HFI1.51 %1.49 %1.50 %1.50 %1.51 %
Allowance for credit losses on unfunded commitments$15,859 $15,398 $16,196 $17,392 $12,932 
Charge-offs
Commercial and industrial$(637)$(2,168)$(65)$(100)$(70)
Construction(111)(204)— (399)— 
Residential real estate:
1-to-4 family mortgage(421)(405)(368)(322)(433)
Residential line of credit— (23)— — — 
Consumer and other(1,313)(1,233)(1,385)(888)(951)
Total charge-offs(2,482)(4,033)(1,818)(1,709)(1,454)
Recoveries
Commercial and industrial148 101 159 12 173 
Construction2 25 — — — 
Residential real estate:
1-to-4 family mortgage58 8 13 6 11 
Residential line of credit1 — — 11 1 
Commercial real estate:
Owner occupied16 13 8 4 9 
Non-owner occupied— — — — 528 
Consumer and other288 405 200 246 251 
Total recoveries513 552 380 279 973 
Net charge-offs$(1,969)$(3,481)$(1,438)$(1,430)$(481)
Annualized net charge-offs as a percentage of average loans HFI0.06 %0.11 %0.05 %0.05 %0.02 %
Nonperforming assets
Loans past due 90 days or more and accruing interest$41,600 $27,185 $32,751 $26,311 $21,962 
Nonaccrual loans108,583 92,289 87,721 89,448 73,950 
Total nonperforming loans HFI
150,183 119,474 120,472 115,759 95,912 
Mortgage loans held for sale(a)
32,578 32,590 28,102 21,660 20,977 
Other real estate owned5,544 6,449 6,009 4,466 2,998 
Other repossessed assets3,961 3,518 3,564 3,314 3,151 
Total nonperforming assets$192,266 $162,031 $158,147 $145,199 $123,038 
Total nonperforming loans HFI as a percentage of loans HFI1.17 %0.96 %0.97 %0.94%0.97%
Total nonperforming assets as a percentage of total assets
1.14 %0.98 %0.97 %0.89%0.92%
Total nonaccrual loans as a percentage of loans HFI0.84 %0.74 %0.71 %0.73%0.75%
(a) Represents optional right to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days.

FB Financial Corporation
13

 Selected Deposit Data
(Unaudited)
(Dollars in Thousands)
 As of
Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Deposits by market(a)
Metropolitan$6,361,08744 %$6,304,30745 %$6,020,09543 %$5,766,85642 %$5,359,97447 %
Community6,571,16046 %6,741,45248 %6,926,89750 %6,822,73649 %4,713,63742 %
Brokered/wholesale685,9025 %574,2164 %625,6345 %487,7654 %518,7194 %
Escrow and other(b)
729,0175 %456,8603 %337,3352 %735,5985 %811,1407 %
Total$14,347,166100 %$14,076,835100 %$13,909,961100 %$13,812,955100 %$11,403,470100 %
Deposits by customer
    segment
Consumer$6,014,10542 %$6,060,11543 %$6,063,01544 %$5,966,45843 %$4,772,58242 %
Commercial 6,354,79744 %6,155,87444 %6,162,22144 %6,045,41844 %4,835,96842 %
Public1,978,26414 %1,860,84613 %1,684,72512 %1,801,07913 %1,794,92016 %
Total$14,347,166100 %$14,076,835100 %$13,909,961100 %$13,812,955100 %$11,403,470100 %
Estimated insured or
   collateralized deposits		$10,208,000$10,017,773$9,825,599$9,871,337$8,418,783
Estimated uninsured
   and uncollateralized
   deposits(c)
$4,139,166$4,059,062$4,084,362$3,941,618$2,984,687
Estimated uninsured and
   uncollateralized deposits
    as a % of total
    deposits(c)
28.9 %28.8 %29.4 %28.5 %26.2 %
(a) Prior period amounts have been recast to reflect updated definitions of market categories.
(b) Includes deposits related to escrow balances from mortgage and specialty lending servicing portfolios and treasury/other deposits.
(c) Amounts are shown on a fully consolidated basis and exclude deposits of affiliates that are eliminated in consolidation.



FB Financial Corporation
14

Preliminary Capital Ratios
(Unaudited)
(Dollars in Thousands)
Computation of tangible common equity to tangible assets:June 30, 2026December 31, 2025
Total common shareholders' equity$1,936,531 $1,948,165 
Less:
    Goodwill350,353 350,353 
    Other intangibles27,611 31,284 
Tangible common equity$1,558,567 $1,566,528 
Total assets$16,796,101 $16,300,292 
Less:
    Goodwill350,353 350,353 
    Other intangibles27,611 31,284 
Tangible assets$16,418,137 $15,918,655 
Preliminary total risk-weighted assets$14,697,963 $14,253,337 
Total common equity to total assets11.5 %12.0 %
Tangible common equity to tangible assets*9.49 %9.84 %
 June 30, 2026December 31, 2025
Preliminary regulatory capital: 
    Common equity Tier 1 capital$1,621,572 $1,625,952 
    Tier 1 capital1,621,572 1,625,952 
    Total capital1,889,910 1,888,051 
Preliminary regulatory capital ratios: 
    Common equity Tier 1 11.0 %11.4 %
    Tier 1 risk-based11.0 %11.4 %
    Total risk-based 12.9 %13.2 %
    Tier 1 leverage10.1 %10.3 %
*This represents a non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and non-GAAP reconciliations herein.
FB Financial Corporation
15

 
Segment Data
(Unaudited)
(Dollars in Thousands)
 As of or for the Three Months Ended
Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Banking segment
Interest income$226,981 $223,418 $233,202 $236,073 $180,960 
Interest expense81,549 80,296 86,637 91,214 72,051 
Net interest income$145,432 $143,122 $146,565 $144,859 $108,909 
Provisions for credit losses9,139 1,987 796 34,070 582 
Noninterest income (loss)14,403 13,962 15,207 13,078 (47,720)
Salaries, commissions and employee benefits46,517 49,364 55,928 51,441 38,635 
Merger and integration costs— 1,447 4,611 16,057 2,734 
Other noninterest expense32,602 30,765 33,017 29,471 25,961 
Pre-tax net contribution (loss) after allocations$71,577 $73,521 $67,420 $26,898 $(6,723)
Total assets$16,015,694 $15,703,248 $15,623,962 $15,598,629 $12,736,830 
Efficiency ratio49.5 %51.9 %57.8 %61.4 %110.0 %
Adjusted efficiency ratio*49.1 %50.9 %53.5 %50.6 %52.8 %
Mortgage segment
Interest income$2,457 $1,932 $2,036 $825 $1,124 
Interest expense(1,083)(911)(1,203)(1,556)(1,382)
Net interest income$3,540 $2,843 $3,239 $2,381 $2,506 
Provisions for loan losses977 1,037 436 347 4,755 
Mortgage banking income11,170 12,253 13,505 13,484 13,029 
Other noninterest income207 160 83 73 139 
Salaries, commissions and employee benefits6,815 7,984 7,601 7,769 7,996 
Other noninterest expense5,546 5,604 6,391 5,118 5,935 
Pre-tax net contribution (loss) after allocations$1,579 $631 $2,399 $2,704 $(3,012)
Total assets $780,407 $765,191 $676,330 $637,830 $617,408 
Efficiency ratio82.9 %89.1 %83.2 %80.9 %88.9 %
Adjusted efficiency ratio*83.6 %89.6 %83.2 %80.9 %89.1 %
Interest rate lock commitments volume$435,506 $490,265 $385,516 $432,149 $456,720 
Interest rate lock commitments pipeline (period end)$103,853 $133,669 $86,586 $128,961 $127,004 
Mortgage loan sales$377,406 $295,123 $336,085 $343,450 $391,061 
Gains and fees from origination and sale of mortgage loans held for sale$9,410 $8,517 $9,976 $9,237 $11,200 
Net change in fair value of loans held for sale, derivatives, and other(1,021)1,008 (57)801 (876)
Mortgage servicing income6,494 6,580 6,668 6,836 6,936 
Change in fair value of mortgage servicing rights, net of hedging(3,713)(3,852)(3,082)(3,390)(4,231)
Total mortgage banking income$11,170 $12,253 $13,505 $13,484 $13,029 
Mortgage sale margin(a)
2.49 %2.89 %2.97 %2.69 %2.86 %
*This represents a non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and non-GAAP reconciliations herein.
(a) Calculated by dividing gains and fees from origination and sale of mortgage loans held for sale by total mortgage sales.
FB Financial Corporation
16

Non-GAAP Reconciliations
(Unaudited)
(Dollars in Thousands, Except Per Share Data)
Three Months EndedSix Months Ended
Adjusted net incomeJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Jun 2026Jun 2025
Income (loss) before income taxes$73,156 $74,152 $69,819 $29,602 $(9,735)$147,308 $39,097 
Less gain (loss) from securities,
   net		— 1 64 12 (60,549)1 (60,533)
Less (loss) gain on sales or
   write-downs of premises and
   equipment, other real estate
   owned and other assets, net		(377)(320)(131)(646)236 (697)(389)
Less cash life insurance benefit— 763 1,148 — — 763 — 
Plus initial provision for credit
   losses on acquired loans and
   unfunded commitments		— — — 28,366 — — — 
Plus early retirement and
   severance costs		— — 1,395 — — — — 
Plus (gain) loss on lease
   terminations and other branch
   closure costs		(42)5 12 270 — (37)— 
Plus charitable contribution to
   FirstBank Foundation		— — 1,130 — — — — 
Plus merger and integration
   costs		— 1,447 4,611 16,057 2,734 1,447 3,135 
Adjusted pre-tax net income73,491 75,160 75,886 74,929 53,312 148,651 103,154 
Less income tax expense,
   adjusted for items above(a)
14,586 16,889 14,392 17,323 3,778 31,475 13,512 
Plus income tax benefit(b)
— — — — (8,713)— (8,713)
Adjusted net income$58,905 $58,271 $61,494 $57,606 $40,821 $117,176 $80,929 
Weighted average common share
     outstanding - fully diluted		51,693,688 52,203,469 53,074,753 53,957,062 46,179,090 51,931,419 46,570,848 
Adjusted diluted earnings per
   common share
Diluted earnings per common share$1.13 $1.10 $1.07 $0.43 $0.06 $2.24 $0.91 
Adjusted diluted earnings per
   common share 		$1.14 $1.12 $1.16 $1.07 $0.88 $2.26 $1.74 
(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.
(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.

















FB Financial Corporation
17

Non-GAAP Reconciliations (continued)
(Unaudited)
(Dollars in Thousands)
Three Months EndedSix Months Ended
Adjusted pre-tax pre-provision
   net revenue		Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Jun 2026Jun 2025
Income (loss) before income taxes$73,156 $74,152 $69,819 $29,602 $(9,735)$147,308 $39,097 
Plus provisions for credit losses10,116 3,024 1,232 34,417 5,337 13,140 7,629 
Pre-tax pre-provision net revenue83,272 77,176 71,051 64,019 (4,398)160,448 46,726 
Less gain (loss) from securities,
   net		— 1 64 12 (60,549)1 (60,533)
Less (loss) gain on sales or
   write-downs of premises and
   equipment, other real estate
   owned and other assets, net		(377)(320)(131)(646)236 (697)(389)
Less cash life insurance benefit— 763 1,148 — — 763 — 
Plus early retirement and
   severance costs		— — 1,395 — — — — 
Plus (gain) loss on lease
   terminations and other branch
   closure costs		(42)5 12 270 — (37)— 
Plus charitable contribution to
   FirstBank Foundation		— — 1,130 — — — — 
Plus merger and integration
   costs		— 1,447 4,611 16,057 2,734 1,447 3,135 
Adjusted pre-tax pre-provision
   net revenue		$83,607 $78,184 $77,118 $80,980 $58,649 $161,791 $110,783 
 
Three Months EndedSix Months Ended
Adjusted tangible net incomeJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Jun 2026Jun 2025
Income (loss) before income taxes$73,156 $74,152 $69,819 $29,602 $(9,735)$147,308 $39,097 
Plus amortization of core
   deposit and other intangibles		1,804 1,869 1,932 2,079 631 3,673 1,287 
Less gain (loss) from securities,
   net		— 1 64 12 (60,549)1 (60,533)
Less (loss) gain on sales or
   write-downs of premises and
   equipment, other real estate
   owned and other assets, net		(377)(320)(131)(646)236 (697)(389)
Less cash life insurance benefit— 763 1,148 — — 763 — 
Plus initial provision for credit
   losses on acquired loans and
   unfunded commitments		— — — 28,366 — — — 
Plus early retirement and
   severance costs		— — 1,395 — — — — 
Plus (gain) loss on lease
   terminations and other branch
   closure costs		(42)5 12 270 — (37)— 
Plus charitable contribution to
   FirstBank Foundation		— — 1,130 — — — — 
Plus merger and integration
   costs		— 1,447 4,611 16,057 2,734 1,447 3,135 
Less income tax expense,
   adjusted for items above(a)
15,056 17,376 14,895 17,864 3,942 32,432 13,847 
Plus income tax benefit(b)
— — — — (8,713)— (8,713)
Adjusted tangible net income$60,239 $59,653 $62,923 $59,144 $41,288 $119,892 $81,881 
(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.
(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.
FB Financial Corporation
18

Non-GAAP Reconciliations (continued)
(Unaudited)
(Dollars in Thousands)
 Three Months EndedSix Months Ended
Adjusted efficiency ratio (tax-
    equivalent basis)		Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Jun 2026Jun 2025
Total noninterest expense$91,480 $95,164 $107,548 $109,856 $81,261 $186,644 $160,810 
Less early retirement and
   severance costs		— — 1,395 — — — — 
Less (gain) loss on lease
   terminations and other branch
   closure costs		(42)5 12 270 — (37)— 
Less charitable contribution to
   FirstBank Foundation		— — 1,130 — — — — 
Less merger and integration
   costs		— 1,447 4,611 16,057 2,734 1,447 3,135 
Adjusted noninterest expense$91,522 $93,712 $100,400 $93,529 $78,527 $185,234 $157,675 
Net interest income$148,972 $145,965 $149,804 $147,240 $111,415 $294,937 $219,056 
Net interest income (tax-equivalent
   basis)		149,788 146,774 150,642 148,088 112,236 296,562 220,663 
Total noninterest income (loss)25,780 26,375 28,795 26,635 (34,552)52,155 (11,520)
Less gain (loss) from securities,
   net		— 1 64 12 (60,549)1 (60,533)
Less (loss) gain on sales or
   write-downs of premises and
   equipment, other real estate
   owned and other assets, net		(377)(320)(131)(646)236 (697)(389)
Less cash life insurance benefit— 763 1,148 — — 763 — 
Adjusted noninterest income26,157 25,931 27,714 27,269 25,761 52,088 49,402 
Total revenue$174,752 $172,340 $178,599 $173,875 $76,863 $347,092 $207,536 
Adjusted revenue (tax-equivalent
   basis)		$175,945 $172,705 $178,356 $175,357 $137,997 $348,650 $270,065 
Efficiency ratio52.3%55.2%60.2%63.2%105.7%53.8%77.5%
Adjusted efficiency ratio (tax-
   equivalent basis)		52.0%54.3%56.3%53.3%56.9%53.1%58.4%
FB Financial Corporation
19

Non-GAAP Reconciliations (continued)
(Unaudited)
(Dollars in Thousands)
 Three Months EndedSix Months Ended
Banking segment adjusted
   efficiency ratio (tax-equivalent)		Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Jun 2026Jun 2025
Banking segment noninterest
   expense		$79,119 $81,576 $93,556 $96,969 $67,330 $160,695 $134,239 
Less early retirement and
   severance costs		— — 1,395 — — — — 
Less (gain) loss on lease
   terminations and other branch
   closure costs		(42)5 12 270 — (37)— 
Less charitable contribution to
   FirstBank Foundation		— — 1,130 — — — — 
Less merger and integration
   costs		— 1,447 4,611 16,057 2,734 1,447 3,135 
Banking segment adjusted
   noninterest expense		$79,161 $80,124 $86,408 $80,642 $64,596 $159,285 $131,104 
Banking segment net interest
   income 		$145,432 $143,122 $146,565 $144,859 $108,909 $288,554 $214,668 
Banking segment net interest
   income (tax-equivalent basis)		146,248 143,931 147,403 145,707 109,730 290,179 216,275 
Banking segment noninterest
   income (loss)		14,403 13,962 15,207 13,078 (47,720)28,365 (37,060)
Less gain (loss) from securities,
   net		— 1 64 12 (60,549)1 (60,533)
Less cash life insurance benefit— 763 1,148 — — 763 — 
Less (loss) gain on sales or
   write-downs of premises and
   equipment, other real estate
   owned and other assets, net		(515)(409)(131)(646)203 (924)(294)
Banking segment adjusted
   noninterest income		14,918 13,607 14,126 13,712 12,626 28,525 23,767 
Banking segment total revenue$159,835 $157,084 $161,772 $157,937 $61,189 $316,919 $177,608 
Banking segment total adjusted
   revenue (tax-equivalent basis)		$161,166 $157,538 $161,529 $159,419 $122,356 $318,704 $240,042 
Banking segment efficiency ratio 49.5%51.9%57.8%61.4%110.0%50.7%75.6%
Banking segment adjusted
   efficiency ratio (tax-equivalent
   basis)		49.1%50.9%53.5%50.6%52.8%50.0%54.6%
FB Financial Corporation
20

Non-GAAP Reconciliations (continued)
Unaudited
(Dollars in Thousands)
Three Months EndedSix Months Ended
Mortgage segment adjusted
   efficiency ratio (tax-equivalent)		Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Jun 2026Jun 2025
Mortgage segment noninterest
   expense		$12,361 $13,588 $13,992 $12,887 $13,931 $25,949 $26,571 
Mortgage segment adjusted
   noninterest expense		$12,361 $13,588 $13,992 $12,887 $13,931 $25,949 $26,571 
Mortgage segment net interest
   income		$3,540 $2,843 $3,239 $2,381 $2,506 $6,383 $4,388 
Mortgage segment noninterest
   income		11,377 12,413 13,588 13,557 13,168 23,790 25,540 
Less gain (loss) on sales or
   write-downs of premises and
   equipment, other real estate
   owned and other assets, net		138 89 — — 33 227 (95)
Mortgage segment adjusted
   noninterest income		11,239 12,324 13,588 13,557 13,135 23,563 25,635 
Mortgage segment total revenue$14,917 $15,256 $16,827 $15,938 $15,674 $30,173 $29,928 
Mortgage segment adjusted total revenue$14,779 $15,167 $16,827 $15,938 $15,641 $29,946 $30,023 
Mortgage segment efficiency ratio 82.9%89.1%83.2%80.9%88.9%86.0%88.8%
Mortgage segment adjusted
   efficiency ratio (tax-equivalent
   basis)		83.6%89.6%83.2%80.9%89.1%86.7%88.5%
FB Financial Corporation
21

Non-GAAP Reconciliations (continued)
(Unaudited)
(Dollars in Thousands, Except Per Share Data)
As of
Tangible assets, common equity and related
     measures		Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025
Tangible assets
Total assets$16,796,101 $16,468,439 $16,300,292 $16,236,459 $13,354,238 
Less goodwill350,353 350,353 350,353 350,353 242,561 
Less intangibles, net27,611 29,415 31,284 33,216 4,475 
Tangible assets$16,418,137 $16,088,671 $15,918,655 $15,852,890 $13,107,202 
Tangible common equity
Total common shareholders’ equity$1,936,531 $1,973,873 $1,948,165 $1,978,043 $1,611,130 
Less goodwill350,353 350,353 350,353 350,353 242,561 
Less intangibles, net27,611 29,415 31,284 33,216 4,475 
Tangible common equity$1,558,567 $1,594,105 $1,566,528 $1,594,474 $1,364,094 
Common shares outstanding49,976,755 51,418,024 51,752,401 53,456,522 45,807,689 
Book value per common share$38.75 $38.39 $37.64 $37.00 $35.17 
Tangible book value per common share$31.19 $31.00 $30.27 $29.83 $29.78 
Total common shareholders’ equity to total assets11.5%12.0%12.0%12.2%12.1%
Tangible common equity to tangible assets9.49%9.91%9.84%10.1%10.4%
On-balance sheet liquidity:
Cash and cash equivalents$1,112,357 $1,157,763 $1,155,895 $1,280,033 $1,165,729 
Unpledged securities691,290 637,182 649,000 608,716 547,354 
Equity securities, at fair value6,000 — 155 1,450 — 
Total on-balance sheet liquidity$1,809,647 $1,794,945 $1,805,050 $1,890,199 $1,713,083 
On-balance sheet liquidity as a percentage of total
     assets		10.8%10.9%11.1%11.6%12.8%
On-balance sheet liquidity as a percentage of total
      tangible assets		11.0%11.2%11.3%11.9%13.1%
FB Financial Corporation
22

Non-GAAP Reconciliations (continued)
(Unaudited)
(Dollars in Thousands)
 Three Months EndedSix Months Ended
Adjusted return on average
   tangible common equity and
   related measures		Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Jun 2026Jun 2025
Average common shareholders’
   equity		$1,987,199$1,965,877$1,956,633$1,977,785$1,583,099$1,976,597$1,583,527
Less average goodwill350,353350,353350,353350,355242,561350,353242,561
Less average intangibles, net28,63130,39432,30134,9834,79129,5085,107
Average tangible common equity$1,608,215$1,585,130$1,573,979$1,592,447$1,335,747$1,596,736$1,335,859
Net income$58,649$57,526$56,977$23,375$2,909$116,175$42,270
Return on average common equity11.8%11.9%11.6%4.69%0.74%11.9%5.38%
Return on average tangible
   common equity		14.6%14.7%14.4%5.82%0.87%14.7%6.38%
Adjusted tangible net income$60,239$59,653$62,923$59,144$41,288$119,892$81,881
Adjusted return on average tangible common equity15.0%15.3%15.9%14.7%12.4%15.1%12.4%

Three Months EndedSix Months Ended
Adjusted return on average assets, common equity and related measuresJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Jun 2026Jun 2025
Net income $58,649$57,526$56,977$23,375$2,909$116,175$42,270
Average assets16,334,01416,258,27216,151,19516,007,78813,032,49016,296,35213,119,248
Average common equity1,987,1991,965,8771,956,6331,977,7851,583,0991,976,5971,583,527
Return on average assets1.44%1.43%1.40%0.58%0.09%1.44%0.65%
Return on average common equity11.8%11.9%11.6%4.69%0.74%11.9%5.38%
Adjusted net income$58,905$58,271$61,494$57,606$40,821$117,176$80,929
Adjusted return on average assets1.45%1.45%1.51%1.43%1.26%1.45%1.24%
Adjusted return on average
   common equity		11.9%12.0%12.5%11.6%10.3%12.0%10.3%
Adjusted pre-tax pre-provision net
   income		$83,607$78,184$77,118$80,980$58,649$161,791$110,783
Adjusted pre-tax pre-provision
   return on average assets		2.05%1.95%1.89%2.01%1.81%2.00%1.70%
FB Financial Corporation
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