FB Financial (FBK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

FB Financial

NYSE•Financial Services•Banks - Regional

$54.15-0.52(-0.01%)Pre-market

Market Cap

$2.78B

P/E

14.2x

P/S

2.7x

P/B

1.4x

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services. The company operates in two segments, Banking and Mortgage. It offers interest-bearing checking, noninterest-bearing demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and time deposits, as well as residential mortgage loans and loan securitization services to third party private investors or government sponsored agencies. The company also provides owner-occupied and non-owner-occupied commercial real estate loans; residential real estate 1-4 family mortgage, multi-family residential, commercial and industrial, construction, land acquisition and land development loans, and single-family interim construction loans, as well as residential lines of credit; consumer and other loans, such as car, boat, and other recreational vehicle loans; and personal lines of credit. In addition, the company offers mortgage banking services through its bank branch network and mortgage banking offices; and securities underwriting, insurance underwriting, and merchant banking. It operates through various full-service branch locations, as well as online or mobile banking. The company serves retail and wealth consumers, small businesses, and corporate clients and owners. The company was formerly known as First South Bancorp, Inc. and changed its name to FB Financial Corporation in 2016. FB Financial Corporation was founded in 1906 and is headquartered in Nashville, Tennessee.

How this company scores

WeakMetricSide Score: 79/100

Grade capped at D — Interest coverage below 1× (0.9x) — earnings cannot cover interest. Strongest: Cash & Earnings Quality (24/25); weakest: Balance Sheet & Red Flags (13/25).

Profitability20/25

Growth22/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality24/25

Strengths

Growing revenueRising free cash flowStrong marginsRising earnings

Grade capped at D

Interest coverage below 1× (0.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 14.2x5y range 9.4x – 28.8x

Currently near its 20-quarter median.

P/S · 2.7x5y range 1.8x – 3.6x

Currently near its 20-quarter median.

P/B · 1.4x5y range 1.0x – 1.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $2.78B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.03B
Q. Revenue: $255.22M
TTM EBITDA: $259.37M
TTM Op. Income: $246.73M
Q. Op. Income: $73.16M
TTM Net Income: $196.53M
Q. Net Income: $58.65M
EPS: $1.14
Shares Out.: $51.36M

$1.03B in TTM revenue grew 42.1% YoY, reaching $255.22M last quarter. TTM EBITDA of $259.37M and TTM operating income of $246.73M show growth is flowing through to the bottom line. TTM net income of $196.53M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 4 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 68.5%
EBITDA Margin: 29.9%
Op. Margin: 28.7%
Net Margin: 23.0%

Op. margin of 28.7% is up 35.3% YoY — cost efficiency is improving. Net margin at 23.0% and gross margin of 68.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 534% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 14.2x
P/S Ratio: 2.7x
P/B Ratio: 1.4x

At 14.2x P/E, the stock trades below typical market levels. P/S of 2.7x and P/B of 1.4x provide additional context. P/E sits below typical market levels while revenue is growing. Across the last 8 quarters, P/E has fallen for 3 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $16.80B
Cash: $1.11B
Long-Term Debt: $314.51M
Book Value: $1.94B
D/E Ratio: 0.2
Debt/EBITDA: 4.1

With $16.80B in assets and $314.51M in long-term debt, D/E is 0.2and book value is $1.94B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 59% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $75.50M
TTM Free Cash Flow: $199.87M
FCF Margin: 19.3%
FCF / Net Income: 1.0

TTM FCF of $199.87M on $75.50M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.