Does FB Financial (FBK) have what it takes to be a top stock pick for momentum investors? Let's find out.
FB Financial (FBK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
We rate FB Financial Corporation a hold, appreciating its dividend growth and potential for share gains and dividend compounding. Q3 performance showed a 17.8% revenue increase, driven by higher loan yields and increased deposits, despite a one-time securities loss. Total loans and deposits grew, with notable increases in commercial, industrial, and residential loans, although non-performing assets slightly increased.
FB Financial Corporation (NYSE:FBK ) Q3 2024 Earnings Conference Call October 15, 2024 11:00 AM ET Company Participants Christopher Holmes - President and Chief Executive Officer Michael Mettee - Chief Financial Officer Travis Edmondson - Chief Banking Officer Conference Call Participants Russell Gunther - Stephens Catherine Mealor - KBW Steve Moss - Raymond James Operator Good morning, and welcome to the FB Financial Corporation's Third Quarter 2024 Earnings Conference Call. Hosting the call today from FB Financial are Chris Holmes, President and Chief Executive Officer; and Michael Mettee, Chief Financial Officer.
Although the revenue and EPS for FB Financial (FBK) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
FB Financial (FBK) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.71 per share a year ago.
Get a deeper insight into the potential performance of FB Financial (FBK) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
FB Financial (FBK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Does FB Financial (FBK) have what it takes to be a top stock pick for momentum investors? Let's find out.
Q2'24 results comfortably beat expectations, with a securities portfolio restructuring driving higher net interest income and also strong fee-based income. Loan growth was weaker than expected as management ratchets back some riskier lending exposures, but their 10% target for loan growth in 2025 is bold. FB Financial shares have climbed almost 60%, outperforming regional and Southeast banks, and I wonder if M&A premiums are coming back into the space.
A trade in FB Financial Corporation was opened in October 2023, with the initial investment and 20% profit taken out, allowing for future gains and dividends. The Q2 earnings report showed strong performance with increased revenue, wider margins, and improved return metrics, despite mixed asset quality. The CEO emphasized credit quality and a cautiously optimistic outlook, with a strong balance sheet and profitability, making FB Financial a solid dividend growth option.
FB Financial Corporation (NYSE:FBK ) Q2 2024 Earnings Conference Call July 16, 2024 9:00 AM ET Company Participants Christopher Holmes - President and Chief Executive Officer Michael Mettee - Chief Financial Officer Travis Edmondson - Chief Banking Officer Conference Call Participants Brett Rabatin - Hovde Group Christopher Marinac - Janney Montgomery Scott Steve Moss - Raymond James Catherine Mealor - KBW Alex Lau - JPMorgan Russell Gunther - Stephens Operator Good morning and welcome to the FB Financial Corporation Second Quarter 2024 Earnings Conference Call. Hosting the call today from FB Financial are Mr.