Company Profile
- Headquartered in Nashville, TN, FB Financial Corporation (NYSE: FBK) (“the company”) is a $12.5 billion asset bank holding company. Through its subsidiary, FirstBank (“the bank”), the company offers commercial, mortgage, investment, trust and specialty lending via 76 branches throughout Tennessee and, to a lesser extent, Georgia, Alabama, and Kentucky. The third largest Tennessee-headquartered bank by assets, FBK commands a defensible deposit market share in its home state, especially in key metropolitan markets such as Nashville (6th), Knoxville (7th), and Chattanooga (6th). The diversified loan book is composed primarily of 41% investor CRE, 29% C&I (including owner-occupied CRE), and 24% residential mortgage, with the remainder in consumer/other. Since the company’s 2016 IPO (which raised $116 million of equity capital), organic growth has been supplemented with M&A activity. In this regard, FBK has acquired four community banks since its IPO, growing…