AP NEWS
Click to copy
Click to copy

FB Financial: 2Q Earnings Snapshot

July 22, 2019

NASHVILLE, Tenn. (AP) _ FB Financial Corp. (FBK) on Monday reported second-quarter earnings of $18.7 million.

The bank, based in Nashville, Tennessee, said it had earnings of 59 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 70 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

The bank holding company posted revenue of $104.7 million in the period. Its revenue net of interest expense was $90 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $87.4 million.

FB Financial shares have risen nearly 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $37.08, a drop of roughly 10% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBK at https://www.zacks.com/ap/FBK

All contents © copyright 2019 The Associated Press. All rights reserved.