FB Financial: 4Q Earnings Snapshot
NASHVILLE, Tenn. (AP) _ FB Financial Corp. (FBK) on Tuesday reported fourth-quarter earnings of $17 million.
The bank, based in Nashville, Tennessee, said it had earnings of 54 cents per share. Earnings, adjusted for non-recurring costs, were 55 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The bank holding company posted revenue of $90.3 million in the period. Its revenue net of interest expense was $73.6 million, which also did not meet Street forecasts. Three analysts surveyed by Zacks expected $86.4 million.
For the year, the company reported profit of $80.2 million, or $2.55 per share. Revenue was reported as $329.7 million.
FB Financial shares have increased nearly 9 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $38.02, a decrease of 13 percent in the last 12 months.