# EDGAR Filing Document

**Accession Number:** 0001649749
**File Stem:** 0001649749-26-000033
**Filing Date:** 2026-4
**Character Count:** 156148
**Document Hash:** b3193f203e96624287dfd4d03094934e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001649749-26-000033.hdr.sgml**: 20260413

**ACCESSION NUMBER**: 0001649749-26-000033

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 51

**CONFORMED PERIOD OF REPORT**: 20260413

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260413

**DATE AS OF CHANGE**: 20260413

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FB Financial Corp
- **CENTRAL INDEX KEY:** 0001649749
- **STANDARD INDUSTRIAL CLASSIFICATION:** STATE COMMERCIAL BANKS [6022]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 621216058
- **STATE OF INCORPORATION:** TN
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-37875
- **FILM NUMBER:** 26858000

**BUSINESS ADDRESS:**
- **STREET 1:** 1221 BROADWAY
- **STREET 2:** SUITE 1300
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37203
- **BUSINESS PHONE:** 615-313-0080

**MAIL ADDRESS:**
- **STREET 1:** 1221 BROADWAY
- **STREET 2:** SUITE 1300
- **CITY:** NASHVILLE
- **STATE:** TN
- **ZIP:** 37203

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** First South Bancorp, Inc.
- **DATE OF NAME CHANGE:** 20150731

?xml version='1.0' encoding='ASCII'? fbk-20260413

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934**

Date of report (Date of earliest event reported): April 13, 2026

**FB FINANCIAL CORPORATION**

(Exact name of registrant as specified in its charter)

---

| | | |
|:---|:---|:---|
| **Tennessee** | **001-37875** | **62-1216058** |
| (State or other jurisdiction<br>of incorporation) | (Commission File Number) | (IRS Employer<br>Identification Number) |

---

**1221 Broadway, Suite 1300** 

**Nashville, Tennessee 37203**

(Address of principal executive offices) (Zip Code)

**(615) 564-1212**

(Registrant's telephone number, including area code)

**Not Applicable** 

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (*see* General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

---

| | | |
|:---|:---|:---|
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $1.00 par value | FBK | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02. Results of Operations and Financial Condition.**

On April 13, 2026, FB Financial Corporation ("***FB Financial***") issued a press release announcing its financial results for the first quarter ended March 31, 2026 (the "***Earnings Release***"). A copy of the Earnings Release is furnished as Exhibit 99.1 to this current report on Form 8-K (this "***Report***").

**Item 7.01. Regulation FD Disclosure.**

On April 14, 2026, FB Financial will host a conference call to discuss financial results for the quarter ended March 31, 2026.

On April 13, 2026, FB Financial made available on its website (investors.firstbankonline.com) supplemental financial information for the first quarter ended March 31, 2026 (the "***Financial Supplement***") and an earnings release presentation (the "***Earnings Presentation***") containing additional information about FB Financial's financial results for the quarter ended March 31, 2026.

Copies of the Financial Supplement and the Earnings Presentation are furnished as Exhibit 99.2 and Exhibit 99.3, respectively, to this Report.

The information contained in this Report, including Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3 furnished herewith, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "***Exchange Act***"), or otherwise subject to the liabilities under that section, nor shall it be deemed incorporated by reference into any registration statement or other documents pursuant to the Securities Act of 1933, as amended, or into any filing or other document pursuant to the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

**Item 9.01. Financial Statements and Exhibits.**

---

| | |
|:---|:---|
| <u>Exhibit Number</u> | <u>Description of Exhibit</u> |
| <u>[99.1](a1q26pressreleasetablesfor.htm)</u> | <u>[Earnings Release issued April 13, 2026](a1q26pressreleasetablesfor.htm)</u> |
| <u>[99.2](a1q26supplementalfinancial.htm)</u> | <u>[Financial Supplement for the quarter ended March 31, 2026](a1q26supplementalfinancial.htm)</u> |
| <u>[99.3](a1q26fbkearningspresenta.htm)</u> | <u>[Earnings Presentation dated April 14, 2026](a1q26fbkearningspresenta.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL document) |

---

------

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| | **FB FINANCIAL CORPORATION** | **FB FINANCIAL CORPORATION** |
| | By: | /s/ Michael M. Mettee |
| | | Michael M. Mettee |
| | | Chief Financial Officer & Chief Operating Officer |
| | | (Principal Financial Officer) |
| Date: April 13, 2026 |  |  |

---

## Exhibit 99.1

![fb_suppa01a.jpg](fb_suppa01a.jpg)

**FB Financial Corporation Reports First Quarter 2026 Financial Results**

**Reports Q1 Diluted EPS of $1.10, Adjusted Diluted EPS\* of $1.12** 

NASHVILLE, TENNESSEE—April 13, 2026—FB Financial Corporation (the "Company") (NYSE: FBK), parent company of FirstBank, reported net income of $57.5 million, or $1.10 per diluted common share, for the first quarter of 2026, compared to $1.07 in the previous quarter and $0.84 in the first quarter of last year. Adjusted net income\* was $58.3 million, or $1.12 per diluted common share, compared to $1.16 in the previous quarter and $0.85 in the first quarter of last year.

The Company ended the first quarter of 2026 with loans held for investment ("HFI") of $12.50 billion compared to $12.38 billion at the end of the previous quarter and $9.77 billion at the end of the first quarter of last year. Deposits were $14.08 billion as of March 31, 2026, compared to $13.91 billion as of December 31, 2025, and $11.20 billion as of March 31, 2025. Net interest margin ("NIM") was 3.94% for the first quarter of 2026, compared to 3.98% in the prior quarter and 3.55% in the first quarter of 2025. The Company ended the quarter with book value per common share of $38.39 and tangible book value per common share\* of $31.00.

President and Chief Executive Officer, Christopher T. Holmes stated, "We began the year with a recognition that speaks directly to who we are, being named the top bank for customer satisfaction and trust in the South Central Region by J.D. Power. That honor reinforces our customer-focused model and validates a cornerstone of how we measure success. We also delivered solid financial results in the quarter, with strong returns and loan and deposit growth that gained momentum in the back half of the period. When you have the highest level of endorsement from your customers about their satisfaction and you combine that with top-tier financial performance and one of the best geographies in the country, we believe we have a very compelling formula for creating value for our shareholders today and over the long term."

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Annualized** | |
| *(dollars in thousands, except share data)* | **Mar 2026** | **Dec 2025** | **Mar 2025** | **Mar 26/ Dec 25% Change** | **Mar 26 / Mar 25% Change** |
| **<u>Balance Sheet Highlights</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment securities, at fair value | $1498547 | $1459734 | $1580720 | 10.8% | (5.20)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans held for sale | 231359 | 201076 | 172770 | 61.1% | 33.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans HFI | 12503815 | 12383626 | 9771536 | 3.94% | 28.0% |
| &nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on loans HFI | (186324) | (185983) | (150531) | 0.74% | 23.8% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | 16468439 | 16300292 | 13136449 | 4.18% | 25.4% |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits (non-brokered) | 10838139 | 10649932 | 8623636 | 7.17% | 25.7% |
| &nbsp;&nbsp;&nbsp;&nbsp; Brokered deposits | 574216 | 625634 | 414428 | (33.3)% | 38.6% |
| &nbsp;&nbsp;&nbsp;&nbsp; Noninterest-bearing deposits | 2664480 | 2634395 | 2163934 | 4.63% | 23.1% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total deposits | 14076835 | 13909961 | 11201998 | 4.87% | 25.7% |
| &nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 213188 | 212764 | 168944 | 0.81% | 26.2% |
| &nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on unfunded<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; commitments | 15398 | 16196 | 6493 | (20.0)% | 137.1% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total common shareholders' equity | 1973873 | 1948165 | 1601962 | 5.35% | 23.2% |
| Book value per common share | $38.39 | $37.64 | $34.44 | 8.08% | 11.5% |
| Tangible book value per common share\* | $31.00 | $30.27 | $29.12 | 9.78% | 6.46% |
| Total common shareholders' equity to total assets | 12.0% | 12.0% | 12.2% |  |  |
| Tangible common equity to tangible assets\* | 9.91% | 9.84% | 10.5% |  |  |
| *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* | *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* | *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* | *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* | *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* | *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* |

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**FB Financial Corporation**

First Quarter 2026 Results

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| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| *(dollars in thousands, except share data)* | **Mar 2026** | **Dec 2025** | **Mar 2025** |
| **<u>Statement of Income Highlights</u>** |  |  |  |
| Net interest income | $145965 | $149804 | $107641 |
| *&nbsp;&nbsp;&nbsp;&nbsp; NIM (tax-equivalent basis)* | 3.94% | 3.98% | 3.55% |
| Noninterest income | $26375 | $28795 | $23032 |
| *&nbsp;&nbsp;&nbsp;&nbsp; Loss on sales or write-downs of premises and equipment, other real estate <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; owned and other assets, net* | $(320) | $(131) | $(625) |
| *&nbsp;&nbsp;&nbsp;&nbsp; Cash life insurance benefit* | $763 | $1148 | $— |
| Total revenue | $172340 | $178599 | $130673 |
| Noninterest expense | $95164 | $107548 | $79549 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Severance costs* | $— | $1395 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;*Loss on lease terminations and other branch closure costs* | $5 | $12 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;*Certain nonrecurring charitable contributions* | $— | $1130 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;*Merger and integration costs* | $1447 | $4611 | $401 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Efficiency ratio* | 55.2% | 60.2% | 60.9% |
| *&nbsp;&nbsp;&nbsp;&nbsp; Adjusted efficiency ratio\** | 54.3% | 56.3% | 59.9% |
| Pre-tax, pre-provision net revenue | $77176 | $71051 | $51124 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Adjusted pre-tax, pre-provision net revenue\** | $78184 | $77118 | $52134 |
| Provisions for credit losses | $3024 | $1232 | $2292 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Net charge-offs ratio* | 0.11% | 0.05% | 0.14% |
| Net income applicable to FB Financial Corporation | $57526 | $56977 | $39361 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings per common share | $1.10 | $1.07 | $0.84 |
| *&nbsp;&nbsp;&nbsp;&nbsp; Effective tax rate* | 22.4% | 18.4% | 19.4% |
| Adjusted net income\* | $58271 | $61494 | $40108 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Adjusted diluted earnings per common share\** | $1.12 | $1.16 | $0.85 |
| Weighted average number of shares outstanding - fully diluted | 52203469 | 53074753 | 47024211 |
| **<u>Returns on average:</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average total assets ("ROAA") | 1.43% | 1.40% | 1.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted\* | 1.45% | 1.51% | 1.23% |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average shareholders' equity | 11.9% | 11.6% | 10.1% |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average tangible common equity ("ROATCE")**\*** | 14.7% | 14.4% | 11.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted\* | 15.3% | 15.9% | 12.3% |
| *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* | *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* | *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* | *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.* |

---

**<u>Balance Sheet and Net Interest Margin</u>**

The Company reported loans HFI of $12.50 billion at the end of the first quarter of 2026, compared to $12.38 billion at the end of the prior quarter. The contractual yield on loans HFI decreased to 6.22% for the first quarter of 2026 from 6.34% for the previous quarter. Net growth in loans was attributable to increases of $57.3 million in commercial and industrial loans, $32.7 million in consumer and other loans, $25.1 million in commercial real estate loans and $16.5 million in residential real estate loans offset by a $11.4 million decline in construction loans.

The Company reported total deposits of $14.08 billion at the end of the first quarter compared to $13.91 billion at the end of the fourth quarter of 2025. Total cost of deposits decreased to 2.27% during the first quarter compared to 2.40% in the fourth quarter of 2025. The cost of interest-bearing deposits decreased to 2.80% from 2.99% in the previous quarter. Lower costs were driven primarily by the continued pass-through of prior federal funds rate reductions, reducing indexed deposit costs and lowering rates across the broader interest-bearing deposit base. Noninterest-bearing deposits were $2.66 billion at the end of the quarter compared to $2.63 billion at the end of the fourth quarter of 2025.

The Company reported net interest income on a tax-equivalent basis of $146.8 million for the first quarter of 2026, down from $150.6 million in the prior quarter. NIM decreased to 3.94% for the first quarter of 2026 from 3.98% for the previous quarter, driven primarily by lower yields on interest-earning assets following the late fourth quarter of 2025 federal funds rate reduction, partially offset by lower funding costs. Net accretion from purchase accounting adjustments impacted margin by 17 basis points in the first quarter of 2026.

Holmes continued, "We had measured balance sheet growth in the first quarter, led by broad-based loan production and continued deposit expansion. While asset yields moderated following recent rate cuts, disciplined pricing and lower funding costs helped offset that pressure. Our deposit mix and repricing momentum position us well as we move through the year, and we remain focused on consistent, profitable growth."

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**FB Financial Corporation**

First Quarter 2026 Results

**<u>Noninterest Income</u>**

Adjusted noninterest income\* was $25.9 million for the first quarter of 2026, compared to $27.7 million and $23.6 million for the prior quarter and first quarter of 2025, respectively.

Mortgage banking income was $12.3 million in the first quarter of 2026, compared to $13.5 million in the prior quarter and $12.4 million in the first quarter of 2025.

**<u>Noninterest Expense</u>**

Adjusted noninterest expense\* during the first quarter of 2026 was $93.7 million compared to $100.4 million for the prior quarter and $79.1 million for the first quarter of 2025. The decrease reflects lower performance-based compensation in the first quarter, as incentive expense was elevated in the fourth quarter due to higher levels of performance-based compensation. During the first quarter of 2026, the Company's adjusted efficiency ratio\*<sup>1</sup>was 54.3%, compared to 56.3% in the previous quarter and 59.9% in the first quarter of 2025.

Chief Financial Officer Michael Mettee commented, "We continued to build operating leverage in the first quarter as expense levels normalized and efficiency improved. Incentive and personnel costs returned to expected levels following elevated fourth quarter expense related to long-term equity incentives. As volumes grow and we continue to focus on operating scale, we are well positioned to drive incremental profitability and stronger returns over time."

**<u>Credit Quality</u>**

In the first quarter, the Company recorded provision expense of $3.8 million related to loans HFI and a provision reversal of $0.8 million associated with unfunded loan commitments. At the end of the first quarter of 2026, the Company had an allowance for credit losses on loans HFI of $186.3 million, representing 1.49% of loans HFI compared to $186.0 million, or 1.50% of loans HFI, at the end of the prior quarter.

The Company had net charge-offs of $3.5 million in the first quarter of 2026, representing annualized net charge-offs of 0.11% of average loans HFI, compared to 0.05% in the prior quarter and 0.14% in the first quarter of 2025.

The Company's nonperforming loans HFI as a percentage of total loans HFI decreased slightly to 0.96% as of the end of the first quarter of 2026, compared to 0.97% in the prior quarter and 0.79% in the first quarter of 2025. Nonperforming assets as a percentage of total assets were relatively stable at 0.98% as of the end of the first quarter of 2026, compared to 0.97% at the end of the prior quarter and 0.84% as of the end of the first quarter of 2025.

Holmes commented, "Our credit quality remained sound during the quarter, supported by stable asset quality metrics. While net charge-offs increased modestly, they remain at relatively low levels and consistent with our expectations. We ended the quarter with an allowance for credit losses that reflects the risk profile of the portfolio given the current economic outlook and our proactive approach to risk management as we continue to support growth."

**<u>Capital</u>**

The Company maintained its strong capital position in the first quarter, resulting in a preliminary total risk-based capital ratio of 13.4%, preliminary common equity tier 1 ratio of 11.5% and tangible common equity to tangible assets ratio\* of 9.91%. The Company repurchased 426,983 shares during the quarter.

Holmes continued, "We ended the quarter with a strong capital position, highlighted by tangible common equity of 9.91%, which provides us significant capital flexibility. That strength allows us to support organic growth, pursue strategic opportunities, and return capital to shareholders through share repurchases when appropriate. We are committed to deploying capital in ways that create long-term value while maintaining a prudent risk profile."

**<u>Summary</u>**

Holmes finalized, "The first quarter marked a solid start to the year, with a reassuring vote of confidence from our clients, disciplined balance sheet growth, improving efficiency, stable credit quality, and a solid capital position. Looking forward, we see active pipelines across our markets and remain optimistic about economic conditions in our footprint. With multiple avenues for growth and capital deployment, we are confident in our ability to continue delivering top-tier returns for our shareholders."

*\*Non-GAAP financial measure;*<sup>1</sup>*A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.*

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**FB Financial Corporation**

First Quarter 2026 Results

**WEBCAST AND CONFERENCE CALL INFORMATION**

FB Financial Corporation will host a conference call to discuss the Company's financial results on April 14, 2026, at 8:00 a.m. (Central Time). To listen to the call, participants should dial 1-877-883-0383 (confirmation code 8131060) approximately 10 minutes prior to the call. A telephonic replay will be available approximately two hours after the call through April 21, 2026, by dialing 1-855-669-9658 and entering confirmation code 1063916.

A live online broadcast of the Company's quarterly conference call will be available online at https://event.choruscall.com/mediaframe/webcast.html?webcastid=4Tu7dtR8. An online replay will be available on the Company's website approximately two hours after the conclusion of the call and will remain available for 12 months.

**ABOUT FB FINANCIAL CORPORATION**

FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, in Tennessee, Kentucky, Alabama, and Georgia. FB Financial Corporation has approximately $16.5 billion in total assets and operates 90 full-service bank branches across its footprint.

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| | |
|:---|:---|
| **MEDIA CONTACT:** | **FINANCIAL CONTACT:** |
| Keith Hancock | Michael Mettee |
| 404-310-2368 | 615-435-0952 |
| keith.hancock@firstbankonline.com | mmettee@firstbankonline.com |
| www.firstbankonline.com | investorrelations@firstbankonline.com |

---

**SUPPLEMENTAL FINANCIAL INFORMATION AND EARNINGS PRESENTATION**

Investors are encouraged to review this Earnings Release in conjunction with the First Quarter 2026 Financial Supplement and Earnings Presentation posted on the Company's website, which can be found at <u>https://investors.firstbankonline.com</u>. This Earnings Release, the First Quarter 2026 Financial Supplement and the Earnings Presentation are also included with a Current Report on Form 8-K that the Company furnished to the U.S. Securities and Exchange Commission ("SEC") on April 13, 2026.

**FORWARD-LOOKING STATEMENTS**

Certain statements contained in this Earnings Release that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company's future plans, results, strategies, and expectations, including expectations around changing economic markets. These statements can generally be identified by the use of the words and phrases "may," "will," "should," "could," "would," "goal," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target," "aim," "predict," "continue," "seek," and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management's current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company's control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on the Company's business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of the Company's loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) the Company's ability to identify potential candidates for, consummate, and achieve synergies from acquisitions, including risks that cost savings and other synergies from completed or future mergers may not be realized (or may be less than or delayed from expectations), challenges in integrating acquired businesses, disruptions to customer, employee, or other relationships, diversion of management attention, and the ability to effectively manage larger or more complex operations post-transaction; (7) the Company's ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss, (8) the Company's ability to successfully execute its various business strategies, (9) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments,

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**FB Financial Corporation**

First Quarter 2026 Results

(10) the effectiveness of the Company's controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (11) the Company's dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (12) the impact, extent and timing of technological changes, (13) concentrations of credit or deposit exposure, (14) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (15) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (16) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward-looking statements contained herein can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in any of the Company's subsequent filings with the SEC. Many of these factors are beyond the Company's ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this Earnings Release, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company.

The Company qualifies all forward-looking statements by these cautionary statements.

**GAAP RECONCILIATION AND USE OF NON-GAAP FINANCIAL MEASURES** 

This Earnings Release contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles ("GAAP") and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated adjusted revenue, consolidated adjusted and segment noninterest expense and consolidated adjusted noninterest income, consolidated adjusted efficiency ratio (tax-equivalent basis), and adjusted return on average assets and equity. Each of these non-GAAP metrics excludes certain income and expense items that the Company's management considers to be adjusted in nature. The Company refers to these non-GAAP measures as adjusted measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles.

The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-adjusted gains and charges in the current and prior periods. The Company's management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company's underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company's results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures.

A reconciliation of these measures to the most directly comparable GAAP financial measures is included in the Company's First Quarter 2026 Financial Supplement, which is available at <u>https://investors.firstbankonline.com</u>.

-MORE-

------

**FB Financial Corporation**

First Quarter 2026 Results

---

| | | | |
|:---|:---|:---|:---|
| **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(dollars in thousands, except share data)* | *(dollars in thousands, except share data)* | *(dollars in thousands, except share data)* | *(dollars in thousands, except share data)* |
|  | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** |
|  | **Mar 2026** | **Dec 2025** | **Mar 2025** |
| **Selected Balance Sheet Data** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1157763 | $1155895 | $794706 |
| &nbsp;&nbsp;&nbsp;Investment securities, at fair value | 1498547 | 1459734 | 1580720 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 231359 | 201076 | 172770 |
| &nbsp;&nbsp;&nbsp;Loans HFI | 12503815 | 12383626 | 9771536 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI | (186324) | (185983) | (150531) |
| &nbsp;&nbsp;&nbsp;Total assets | 16468439 | 16300292 | 13136449 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits (non-brokered) | 10838139 | 10649932 | 8623636 |
| &nbsp;&nbsp;&nbsp;Brokered deposits | 574216 | 625634 | 414428 |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 2664480 | 2634395 | 2163934 |
| &nbsp;&nbsp;&nbsp;Total deposits | 14076835 | 13909961 | 11201998 |
| &nbsp;&nbsp;&nbsp;Borrowings | 213188 | 212764 | 168944 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on unfunded commitments | 15398 | 16196 | 6493 |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1973873 | 1948165 | 1601962 |
| **Selected Statement of Income Data** |  |  |  |
| &nbsp;&nbsp;&nbsp;Total interest income | $225350 | $235238 | $179706 |
| &nbsp;&nbsp;&nbsp;Total interest expense | 79385 | 85434 | 72065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 145965 | 149804 | 107641 |
| &nbsp;&nbsp;&nbsp;Total noninterest income | 26375 | 28795 | 23032 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 95164 | 107548 | 79549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings before income taxes and provisions for credit losses | 77176 | 71051 | 51124 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 3024 | 1232 | 2292 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 16626 | 12834 | 9471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interest |  | 8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial Corporation | $57526 | $56977 | $39361 |
| &nbsp;&nbsp;&nbsp;Net interest income (tax-equivalent basis) | $146774 | $150642 | $108427 |
| &nbsp;&nbsp;&nbsp;Adjusted net income\* | $58271 | $61494 | $40108 |
| &nbsp;&nbsp;&nbsp;Adjusted pre-tax, pre-provision net revenue\* | $78184 | $77118 | $52134 |
| **Per Common Share** |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted net income | $1.10 | $1.07 | $0.84 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted net income\* | 1.12 | 1.16 | 0.85 |
| &nbsp;&nbsp;&nbsp;Book value | 38.39 | 37.64 | 34.44 |
| &nbsp;&nbsp;&nbsp;Tangible book value\* | 31.00 | 30.27 | 29.12 |
| &nbsp;&nbsp;&nbsp;Weighted average number of shares outstanding - fully diluted | 52203469 | 53074753 | 47024211 |
| &nbsp;&nbsp;&nbsp;Period-end number of shares | 51418024 | 51752401 | 46514547 |
| **Selected Ratios** |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets | 1.43% | 1.40% | 1.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | 11.9% | 11.6% | 10.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity\* | 14.7% | 14.4% | 11.9% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 55.2% | 60.2% | 60.9% |
| &nbsp;&nbsp;&nbsp;Adjusted efficiency ratio (tax-equivalent basis)\* | 54.3% | 56.3% | 59.9% |
| &nbsp;&nbsp;&nbsp;Loans HFI to deposit ratio | 88.8% | 89.0% | 87.2% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits to total deposits | 18.9% | 18.9% | 19.3% |
| &nbsp;&nbsp;&nbsp;Net interest margin (tax-equivalent basis) | 3.94% | 3.98% | 3.55% |
| &nbsp;&nbsp;&nbsp;Yield on interest-earning assets | 6.07% | 6.23% | 5.91% |
| &nbsp;&nbsp;&nbsp;Cost of interest-bearing liabilities | 2.83% | 3.02% | 3.16% |
| &nbsp;&nbsp;&nbsp;Cost of total deposits | 2.27% | 2.40% | 2.54% |
| **Credit Quality Ratios** |  |  |  |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.49% | 1.50% | 1.54% |
| &nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.11% | 0.05% | 0.14% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans HFI as a percentage of loans HFI | 0.96% | 0.97% | 0.79% |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percentage of total assets | 0.98% | 0.97% | 0.84% |
| **Preliminary Capital Ratios (consolidated)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity to assets | 12.0% | 12.0% | 12.2% |
| &nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets\* | 9.91% | 9.84% | 10.5% |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage | 10.4% | 10.3% | 11.4% |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital  | 11.5% | 11.4% | 13.1% |
| &nbsp;&nbsp;&nbsp;Total risk-based capital  | 13.4% | 13.2% | 15.2% |
| &nbsp;&nbsp;&nbsp;Common equity Tier 1  | 11.5% | 11.4% | 12.8% |

---

*\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's First Quarter 2026 Financial Supplement.*

-END-

## Exhibit 99.2

![logoa07a.jpg](logoa07a.jpg)

**First Quarter 2026**

**Financial Supplement**

------

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| | **<u>Page</u>** |
| Financial Summary and Key Metrics | [4](#ibad266e0672f4204a6de7bb6f86f130a_10) |
| Consolidated Statements of Income | [5](#ibad266e0672f4204a6de7bb6f86f130a_13) |
| Consolidated Balance Sheets | [6](#ibad266e0672f4204a6de7bb6f86f130a_19) |
| Average Balance and Interest Yield/Rate Analysis | [7](#ibad266e0672f4204a6de7bb6f86f130a_22) |
| Investments and Other Sources of Liquidity | [9](#ibad266e0672f4204a6de7bb6f86f130a_28) |
| Loan Portfolio | [10](#ibad266e0672f4204a6de7bb6f86f130a_31) |
| Asset Quality | [11](#ibad266e0672f4204a6de7bb6f86f130a_34) |
| Selected Deposit Data | [12](#ibad266e0672f4204a6de7bb6f86f130a_37) |
| Preliminary Capital Ratios | [13](#ibad266e0672f4204a6de7bb6f86f130a_40) |
| Segment Data | [14](#ibad266e0672f4204a6de7bb6f86f130a_43) |
| Non-GAAP Reconciliations | [15](#ibad266e0672f4204a6de7bb6f86f130a_46) |

---

------

**Use of non-GAAP Financial Measures**

This Financial Supplement contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles ("GAAP") and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated and segment adjusted revenue, consolidated and segment adjusted noninterest expense and adjusted noninterest income, consolidated and segment adjusted efficiency ratio (tax-equivalent basis), adjusted return on average assets and equity, and adjusted pre-tax pre-provision return on average assets. Each of these non-GAAP metrics excludes certain income and expense items that the Company's management considers to be adjusted in nature. The Company refers to these non-GAAP measures as adjusted measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, on-balance sheet liquidity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles.

The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-adjusted gains and charges in the current and prior periods. The Company's management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company's underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company's results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures. See the corresponding non-GAAP reconciliation tables below in this Financial Supplement for additional discussion and reconciliation of these measures to the most directly comparable GAAP financial measures.

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* |
|  | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** |
|  | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| **Selected Balance Sheet Data** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1157763 | $1155895 | $1280033 | $1165729 | $794706 |
| &nbsp;&nbsp;&nbsp;Investment securities, at fair value | 1498547 | 1459734 | 1428401 | 1337565 | 1580720 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 231359 | 201076 | 167449 | 144212 | 172770 |
| &nbsp;&nbsp;&nbsp;Loans HFI | 12503815 | 12383626 | 12297600 | 9874282 | 9771536 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI | (186324) | (185983) | (184993) | (148948) | (150531) |
| &nbsp;&nbsp;&nbsp;Total assets | 16468439 | 16300292 | 16236459 | 13354238 | 13136449 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits (non-brokered) | 10838139 | 10649932 | 10634555 | 8692848 | 8623636 |
| &nbsp;&nbsp;&nbsp;Brokered deposits | 574216 | 625634 | 487765 | 518719 | 414428 |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 2664480 | 2634395 | 2690635 | 2191903 | 2163934 |
| &nbsp;&nbsp;&nbsp;Total deposits | 14076835 | 13909961 | 13812955 | 11403470 | 11201998 |
| &nbsp;&nbsp;&nbsp;Borrowings | 213188 | 212764 | 213638 | 164485 | 168944 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on unfunded commitments | 15398 | 16196 | 17392 | 12932 | 6493 |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1973873 | 1948165 | 1978043 | 1611130 | 1601962 |
| **Selected Statement of Income Data** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total interest income | $225350 | $235238 | $236898 | $182084 | $179706 |
| &nbsp;&nbsp;&nbsp;Total interest expense | 79385 | 85434 | 89658 | 70669 | 72065 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 145965 | 149804 | 147240 | 111415 | 107641 |
| &nbsp;&nbsp;&nbsp;Total noninterest income (loss) | 26375 | 28795 | 26635 | (34552) | 23032 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 95164 | 107548 | 109856 | 81261 | 79549 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings (losses) before income taxes and provisions for credit <br> losses | 77176 | 71051 | 64019 | (4398) | 51124 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 3024 | 1232 | 34417 | 5337 | 2292 |
| &nbsp;&nbsp;&nbsp;Income tax expense (benefit) | 16626 | 12834 | 6227 | (12652) | 9471 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interest |  | 8 |  | 8 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial Corporation | $57526 | $56977 | $23375 | $2909 | $39361 |
| &nbsp;&nbsp;&nbsp;Net interest income (tax-equivalent basis) | $146774 | $150642 | $148088 | $112236 | $108427 |
| &nbsp;&nbsp;&nbsp;Adjusted net income\* | $58271 | $61494 | $57606 | $40821 | $40108 |
| &nbsp;&nbsp;&nbsp;Adjusted pre-tax, pre-provision net revenue\* | $78184 | $77118 | $80980 | $58649 | $52134 |
| **Per Common Share** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted net income | $1.10 | $1.07 | $0.43 | $0.06 | $0.84 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted net income\* | 1.12 | 1.16 | 1.07 | 0.88 | 0.85 |
| &nbsp;&nbsp;&nbsp;Book value | 38.39 | 37.64 | 37.00 | 35.17 | 34.44 |
| &nbsp;&nbsp;&nbsp;Tangible book value\* | 31.00 | 30.27 | 29.83 | 29.78 | 29.12 |
| &nbsp;&nbsp;&nbsp;Weighted average number of shares outstanding - fully diluted | 52203469 | 53074753 | 53957062 | 46179090 | 47024211 |
| &nbsp;&nbsp;&nbsp;Period-end number of shares | 51418024 | 51752401 | 53456522 | 45807689 | 46514547 |
| **Selected Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets | 1.43% | 1.40% | 0.58% | 0.09% | 1.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | 11.9% | 11.6% | 4.69% | 0.74% | 10.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity\* | 14.7% | 14.4% | 5.82% | 0.87% | 11.9% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 55.2% | 60.2% | 63.2% | 105.7% | 60.9% |
| &nbsp;&nbsp;&nbsp;Adjusted efficiency ratio (tax-equivalent basis)\* | 54.3% | 56.3% | 53.3% | 56.9% | 59.9% |
| &nbsp;&nbsp;&nbsp;Loans HFI to deposit ratio | 88.8% | 89.0% | 89.0% | 86.6% | 87.2% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits to total deposits | 18.9% | 18.9% | 19.5% | 19.2% | 19.3% |
| &nbsp;&nbsp;&nbsp;Net interest margin (NIM) (tax-equivalent basis) | 3.94% | 3.98% | 3.95% | 3.68% | 3.55% |
| &nbsp;&nbsp;&nbsp;Yield on interest-earning assets | 6.07% | 6.23% | 6.35% | 5.99% | 5.91% |
| &nbsp;&nbsp;&nbsp;Cost of interest-bearing liabilities | 2.83% | 3.02% | 3.21% | 3.13% | 3.16% |
| &nbsp;&nbsp;&nbsp;Cost of total deposits | 2.27% | 2.40% | 2.53% | 2.48% | 2.54% |
| **Credit Quality Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.49% | 1.50% | 1.50% | 1.51% | 1.54% |
| &nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.11% | 0.05% | 0.05% | 0.02% | 0.14% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans HFI as a percentage of loans HFI | 0.96% | 0.97% | 0.94% | 0.97% | 0.79% |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percentage of total assets | 0.98% | 0.97% | 0.89% | 0.92% | 0.84% |
| **Preliminary Capital Ratios (consolidated)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity to assets | 12.0% | 12.0% | 12.2% | 12.1% | 12.2% |
| &nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets\* | 9.91% | 9.84% | 10.1% | 10.4% | 10.5% |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage | 10.4% | 10.3% | 10.6% | 11.3% | 11.4% |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital | 11.5% | 11.4% | 11.7% | 12.6% | 13.1% |
| &nbsp;&nbsp;&nbsp;Total risk-based capital | 13.4% | 13.2% | 13.6% | 14.7% | 15.2% |
| &nbsp;&nbsp;&nbsp;Common equity Tier 1 | 11.5% | 11.4% | 11.7% | 12.3% | 12.8% |

---

*\*Non-GAAP financial measure; See "Use of non-GAAP Financial Measures"and Non-GAAP reconciliations herein.* 

FB Financial Corporation 4

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* |
|  |  |  |  |  |  | **Mar 2026** | **Mar 2026** |
|  |  |  |  |  |  | **vs.** | **vs.** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Dec 2025** | **Mar 2025** |
|  | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Percent variance** | **Percent variance** |
| Interest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans | $201257 | $209734 | $209307 | $159697 | $153185 | (4.04)% | 31.4% |
| &nbsp;&nbsp;&nbsp;Interest on investment securities |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 13575 | 14380 | 14395 | 14661 | 14471 | (5.60)% | (6.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 1054 | 1058 | 1058 | 1036 | 1033 | (0.38)% | 2.03% |
| &nbsp;&nbsp;&nbsp;Other | 9464 | 10066 | 12138 | 6690 | 11017 | (5.98)% | (14.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 225350 | 235238 | 236898 | 182084 | 179706 | (4.20)% | 25.4% |
| Interest expense: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 77878 | 83813 | 86577 | 68568 | 70249 | (7.08)% | 10.9% |
| &nbsp;&nbsp;&nbsp;Borrowings | 1507 | 1621 | 3081 | 2101 | 1816 | (7.03)% | (17.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 79385 | 85434 | 89658 | 70669 | 72065 | (7.08)% | 10.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 145965 | 149804 | 147240 | 111415 | 107641 | (2.56)% | 35.6% |
| Provision for (reversal of) credit losses on loans HFI | 3822 | 2428 | 29957 | (1102) | 1906 | 57.4% | 100.5% |
| (Reversal of) provision for credit losses on unfunded <br> commitments | (798) | (1196) | 4460 | 6439 | 386 | (33.3)% | (306.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provisions for credit <br> losses | 142941 | 148572 | 112823 | 106078 | 105349 | (3.79)% | 35.7% |
| Noninterest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 12253 | 13505 | 13484 | 13029 | 12426 | (9.27)% | (1.39)% |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 4376 | 4184 | 4049 | 3392 | 3479 | 4.59% | 25.8% |
| &nbsp;&nbsp;&nbsp;Investment services and trust income | 4348 | 4473 | 4227 | 3922 | 3711 | (2.79)% | 17.2% |
| &nbsp;&nbsp;&nbsp;ATM and interchange fees | 2977 | 3146 | 3388 | 2878 | 2677 | (5.37)% | 11.2% |
| &nbsp;&nbsp;&nbsp;Gain (loss) from securities, net | 1 | 64 | 12 | (60549) | 16 | (98.4)% | (93.8)% |
| &nbsp;&nbsp;&nbsp;(Loss) gain on sales or write-downs of premises and&nbsp;&nbsp;&nbsp;&nbsp;equipment, other real estate owned and other assets, net | (320) | (131) | (646) | 236 | (625) | 144.3% | (48.8)% |
| &nbsp;&nbsp;&nbsp;Other income | 2740 | 3554 | 2121 | 2540 | 1348 | (22.9)% | 103.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income (loss) | 26375 | 28795 | 26635 | (34552) | 23032 | (8.40)% | 14.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Total revenue* | *172340* | *178599* | *173875* | *76863* | *130673* | (3.50)% | 31.9% |
| Noninterest expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 57348 | 63529 | 59210 | 46631 | 48351 | (9.73)% | 18.6% |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment expense | 7476 | 7239 | 7539 | 6710 | 6597 | 3.27% | 13.3% |
| &nbsp;&nbsp;&nbsp;Data processing | 2454 | 2809 | 2457 | 2161 | 2313 | (12.6)% | 6.10% |
| &nbsp;&nbsp;&nbsp;Advertising | 2148 | 2464 | 2453 | 2178 | 2487 | (12.8)% | (13.6)% |
| &nbsp;&nbsp;&nbsp;Legal and professional fees | 1980 | 2503 | 1227 | 2426 | 1992 | (20.9)% | (0.60)% |
| &nbsp;&nbsp;&nbsp;Amortization of core deposits and other intangibles | 1869 | 1932 | 2079 | 631 | 656 | (3.26)% | 184.9% |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 1447 | 4611 | 16057 | 2734 | 401 | (68.6)% | 260.8% |
| &nbsp;&nbsp;&nbsp;Other expense | 20442 | 22461 | 18834 | 17790 | 16752 | (8.99)% | 22.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 95164 | 107548 | 109856 | 81261 | 79549 | (11.5)% | 19.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | 74152 | 69819 | 29602 | (9735) | 48832 | 6.21% | 51.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expense (benefit) | 16626 | 12834 | 6227 | (12652) | 9471 | 29.5% | 75.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial <br>Corporation and noncontrolling interest | 57526 | 56985 | 23375 | 2917 | 39361 | 0.95% | 46.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interest |  | 8 |  | 8 |  | (100.0)% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial <br>Corporation | $57526 | $56977 | $23375 | $2909 | $39361 | 0.96% | 46.1% |
| Weighted average common shares outstanding: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 51724458 | 52621950 | 53627997 | 45946428 | 46674698 | (1.71)% | 10.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 52203469 | 53074753 | 53957062 | 46179090 | 47024211 | (1.64)% | 11.0% |
| Earnings per common share: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.11 | $1.08 | $0.44 | $0.06 | $0.84 | 2.78% | 32.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 1.10 | 1.07 | 0.43 | 0.06 | 0.84 | 2.80% | 31.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted - adjusted\* | 1.12 | 1.16 | 1.07 | 0.88 | 0.85 | (3.45)% | 31.8% |

---

*\*Non-GAAP financial measure; See "Use of non-GAAP Financial Measures"and Non-GAAP reconciliations herein.* 

FB Financial Corporation 5

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  |  |  |  |  |  | **Annualized** |  |
|  |  |  |  |  |  | **Mar 2026** | **Mar 2026** |
|  |  |  |  |  |  | **vs.** | **vs.** |
|  | **As of** | **As of** | **As of** | **As of** | **As of** | **Dec 2025** | **Mar 2025** |
|  | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Percent variance** | **Percent variance** |
| **ASSETS** |  |  |  |  |  |  |  |
| Cash and due from banks | $159883 | $196213 | $154286 | $143317 | $149607 | (75.1)% | 6.87% |
| Federal funds sold and reverse repurchase agreements | 199009 | 213391 | 283451 | 352124 | 109982 | (27.3)% | 80.9% |
| Interest-bearing deposits in financial institutions | 798871 | 746291 | 842296 | 670288 | 535117 | 28.6% | 49.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 1157763 | 1155895 | 1280033 | 1165729 | 794706 | 0.66% | 45.7% |
| Investments: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Available-for-sale debt securities, at fair value | 1498547 | 1459579 | 1426951 | 1337565 | 1580720 | 10.8% | (5.20)% |
| &nbsp;&nbsp;&nbsp;Equity securities, at fair value |  | 155 | 1450 |  |  | (100.0)% | —% |
| &nbsp;&nbsp;&nbsp;Restricted equity securities, at cost | 79458 | 79046 | 36231 | 33626 | 32234 | 2.11% | 146.5% |
| Loans held for sale | 231359 | 201076 | 167449 | 144212 | 172770 | 61.1% | 33.9% |
| Loans held for investment | 12503815 | 12383626 | 12297600 | 9874282 | 9771536 | 3.94% | 28.0% |
| &nbsp;&nbsp;&nbsp;Less: allowance for credit losses on loans HFI | 186324 | 185983 | 184993 | 148948 | 150531 | 0.74% | 23.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans held for investment | 12317491 | 12197643 | 12112607 | 9725334 | 9621005 | 3.98% | 28.0% |
| Premises and equipment, net | 181268 | 182370 | 183595 | 147243 | 146272 | (2.45)% | 23.9% |
| Other real estate owned, net | 6449 | 6009 | 4466 | 2998 | 3326 | 29.7% | 93.9% |
| Operating lease right-of-use assets | 48223 | 49249 | 51035 | 47764 | 47381 | (8.45)% | 1.78% |
| Interest receivable | 59837 | 58565 | 60755 | 50386 | 51268 | 8.81% | 16.7% |
| Mortgage servicing rights, at fair value | 147344 | 148795 | 149840 | 153464 | 156379 | (3.95)% | (5.78)% |
| Goodwill | 350353 | 350353 | 350353 | 242561 | 242561 | —% | 44.4% |
| Core deposit and other intangibles, net | 29415 | 31284 | 33216 | 4475 | 5106 | (24.2)% | 476.1% |
| Bank-owned life insurance | 110484 | 111865 | 113374 | 72686 | 72400 | (5.01)% | 52.6% |
| Other assets | 250448 | 268408 | 265104 | 226195 | 210321 | (27.1)% | 19.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $16468439 | $16300292 | $16236459 | $13354238 | $13136449 | 4.18% | 25.4% |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |  |  |  |  |  |
| Liabilities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $2664480 | $2634395 | $2690635 | $2191903 | $2163934 | 4.63% | 23.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | 2642713 | 2651369 | 2458625 | 2325551 | 2776958 | (1.32)% | (4.83)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market and savings | 5886370 | 5969640 | 5968094 | 4645552 | 4482908 | (5.66)% | 31.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 2309056 | 2028923 | 2206790 | 1721745 | 1363770 | 56.0% | 69.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 574216 | 625634 | 488811 | 518719 | 414428 | (33.3)% | 38.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 14076835 | 13909961 | 13812955 | 11403470 | 11201998 | 4.87% | 25.7% |
| &nbsp;&nbsp;&nbsp;Borrowings | 213188 | 212764 | 213638 | 164485 | 168944 | 0.81% | 26.2% |
| &nbsp;&nbsp;&nbsp;Operating lease liabilities | 59106 | 60556 | 62664 | 59289 | 59174 | (9.71)% | (0.11)% |
| &nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 145344 | 168753 | 169066 | 115771 | 104278 | (56.3)% | 39.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 14494473 | 14352034 | 14258323 | 11743015 | 11534394 | 4.02% | 25.7% |
| Shareholders' equity: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $1 par value | 51418 | 51752 | 53457 | 45808 | 46515 | (2.62)% | 10.5% |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 1064619 | 1082344 | 1163164 | 822548 | 854715 | (6.64)% | 24.6% |
| &nbsp;&nbsp;&nbsp;Retained earnings | 893095 | 846620 | 799900 | 786785 | 792685 | 22.3% | 12.7% |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss, net | (35259) | (32551) | (38478) | (44011) | (91953) | 33.7% | (61.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1973873 | 1948165 | 1978043 | 1611130 | 1601962 | 5.35% | 23.2% |
| &nbsp;&nbsp;&nbsp;Noncontrolling interest | 93 | 93 | 93 | 93 | 93 | —% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 1973966 | 1948258 | 1978136 | 1611223 | 1602055 | 5.35% | 23.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $16468439 | $16300292 | $16236459 | $13354238 | $13136449 | 4.18% | 25.4% |

---

FB Financial Corporation 6

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **March 31, 2026** | **March 31, 2026** | **March 31, 2026** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  | **Average<br>balances** | **Interest<br>income/<br>expense** | **Average<br>yield/<br>rate** | **Average<br>balances** | **Interest<br>income/<br>expense** | **Average<br>yield/<br>rate** |
| **Interest-earning assets:** |  |  |  |  |  |  |
| Loans HFI<sup>(a)(b)</sup> | $12415278 | $199145 | 6.51% | $12368964 | $207140 | 6.64% |
| Mortgage loans held for sale | 171452 | 2550 | 6.03% | 169422 | 3059 | 7.16% |
| Investment securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1378627 | 13575 | 3.99% | 1346232 | 14380 | 4.24% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 168658 | 1425 | 3.43% | 169355 | 1431 | 3.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1547285 | 15000 | 3.93% | 1515587 | 15811 | 4.14% |
| Federal funds sold and reverse repurchase agreements | 207809 | 2021 | 3.94% | 238393 | 2426 | 4.04% |
| Interest-bearing deposits with other financial institutions | 698672 | 6337 | 3.68% | 693612 | 6800 | 3.89% |
| Restricted equity securities, at cost | 79257 | 1106 | 5.66% | 49029 | 840 | 6.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 15119753 | 226159 | 6.07% | 15035007 | 236076 | 6.23% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |
| Cash and due from banks | 147305 |  |  | 137536 |  |  |
| Allowance for credit losses on loans HFI | (188214) |  |  | (185526) |  |  |
| Other assets<sup>(c)(d)</sup> | 1179428 |  |  | 1164178 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 1138519 |  |  | 1116188 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $16258272 |  |  | $16151195 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing checking | $2628330 | $12348 | 1.91% | $2379679 | $11538 | 1.92% |
| &nbsp;&nbsp;&nbsp;Money market | 5471973 | 39871 | 2.96% | 5609158 | 46018 | 3.25% |
| &nbsp;&nbsp;&nbsp;Savings deposits | 447380 | 656 | 0.59% | 417110 | 419 | 0.40% |
| &nbsp;&nbsp;&nbsp;Customer time deposits | 2116914 | 19000 | 3.64% | 2088577 | 19561 | 3.72% |
| &nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 604764 | 6003 | 4.03% | 608136 | 6277 | 4.10% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 2721678 | 25003 | 3.73% | 2696713 | 25838 | 3.80% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 11269361 | 77878 | 2.80% | 11102660 | 83813 | 2.99% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 12554 | 16 | 0.52% | 12473 | 31 | 0.99% |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances |  |  | —% |  |  | —% |
| &nbsp;&nbsp;&nbsp;Subordinated debt | 83798 | 1486 | 7.19% | 83458 | 1491 | 7.09% |
| &nbsp;&nbsp;&nbsp;Other borrowings | 1118 | 5 | 1.81% | 9296 | 99 | 4.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 97470 | 1507 | 6.27% | 105227 | 1621 | 6.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 11366831 | 79385 | 2.83% | 11207887 | 85434 | 3.02% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand deposits | 2652462 |  |  | 2733207 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 273009 |  |  | 253375 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2925471 |  |  | 2986582 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 14292302 |  |  | 14194469 |  |  |
| Total common shareholders' equity | 1965877 |  |  | 1956633 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 1965970 |  |  | 1956726 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $16258272 |  |  | $16151195 |  |  |
| Net interest income<sup>(b)</sup> |  | $146774 |  |  | $150642 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 3.24% |  |  | 3.21% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.94% |  |  | 3.98% |
| Cost of total deposits |  |  | 2.27% |  |  | 2.40% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 133.0% |  |  | 134.1% |
| Tax-equivalent adjustment |  | $809 |  |  | $838 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $190529 | 6.22% |  | $197683 | 6.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 2148 | 0.07% |  | 2633 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion on purchased loans |  | 6297 | 0.21% |  | 6406 | 0.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 171 | 0.01% |  | 418 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $199145 | 6.51% |  | $207140 | 6.64% |

---

*(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.*

*(b) Includes tax-equivalent adjustment using combined federal and blended state statutory income tax rate of 26.06%..*

*(c) Includes average net unrealized losses on investment securities available for sale of $43,443 and $51,415 for the three months ended March 31, 2026 and December 31, 2025, respectively.* 

*(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $31,982 and 23,208 for the three months ended March 31, 2026 and December 31, 2025, respectively.*

*(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.*

FB Financial Corporation 7

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** |
|  | **Average<br>balances** | **Interest<br>income/<br>expense** | **Average<br>yield/<br>rate** | **Average<br>balances** | **Interest<br>income/<br>expense** | **Average<br>yield/<br>rate** | **Average<br>balances** | **Interest<br>income/<br>expense** | **Average<br>yield/<br>rate** |
| **Interest-earning assets:** |  |  |  |  |  |  |  |  |  |
| Loans HFI<sup>(a)(b)</sup> | $12189401 | $207423 | 6.75% | $9840932 | $157964 | 6.44% | $9621057 | $152174 | 6.41% |
| Mortgage loans held for sale | 162205 | 2359 | 5.77% | 126072 | 2189 | 6.96% | 93944 | 1433 | 6.19% |
| Investment securities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1304894 | 14395 | 4.38% | 1534895 | 14661 | 3.83% | 1541868 | 14471 | 3.81% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 169523 | 1431 | 3.35% | 167675 | 1401 | 3.35% | 167958 | 1397 | 3.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1474417 | 15826 | 4.26% | 1702570 | 16062 | 3.78% | 1709826 | 15868 | 3.76% |
| Federal funds sold and reverse repurchase agreements | 331029 | 3966 | 4.75% | 113252 | 1256 | 4.45% | 123390 | 1374 | 4.52% |
| Interest-bearing deposits with other financial institutions | 671634 | 7340 | 4.34% | 426073 | 4733 | 4.46% | 811216 | 8902 | 4.45% |
| Restricted equity securities, at cost | 36907 | 832 | 8.94% | 35623 | 701 | 7.89% | 32493 | 741 | 9.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 14865593 | 237746 | 6.35% | 12244522 | 182905 | 5.99% | 12391926 | 180492 | 5.91% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |  |  |  |
| Cash and due from banks | 139226 |  |  | 115717 |  |  | 123158 |  |  |
| Allowance for credit losses on loans HFI | (181973) |  |  | (151586) |  |  | (152234) |  |  |
| Other assets<sup>(c)(d)</sup> | 1184942 |  |  | 823837 |  |  | 844119 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 1142195 |  |  | 787968 |  |  | 815043 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $16007788 |  |  | $13032490 |  |  | $13206969 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | $2331589 | $12383 | 2.11% | $2521239 | $15870 | 2.52% | $2840211 | $18267 | 2.61% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 5561538 | 49019 | 3.50% | 4115987 | 34957 | 3.41% | 4083754 | 34360 | 3.41% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 406787 | 248 | 0.24% | 352307 | 98 | 0.11% | 353865 | 66 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 1997905 | 18965 | 3.77% | 1404368 | 12454 | 3.56% | 1373045 | 12702 | 3.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 560127 | 5962 | 4.22% | 481686 | 5189 | 4.32% | 443923 | 4854 | 4.43% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 2558032 | 24927 | 3.87% | 1886054 | 17643 | 3.75% | 1816968 | 17556 | 3.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 10857946 | 86577 | 3.16% | 8875587 | 68568 | 3.10% | 9094798 | 70249 | 3.13% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 13144 | 31 | 0.94% | 11107 | 26 | 0.94% | 11046 | 6 | 0.22% |
| &nbsp;&nbsp;&nbsp; Federal Home Loan Bank advances | 15217 | 172 | 4.48% | 23077 | 258 | 4.48% |  |  | —% |
| &nbsp;&nbsp;&nbsp; Subordinated debt | 180805 | 2872 | 6.30% | 130851 | 1813 | 5.56% | 130755 | 1804 | 5.60% |
| &nbsp;&nbsp;&nbsp; Other borrowings | 1168 | 6 | 2.04% | 2294 | 4 | 0.70% | 1220 | 6 | 1.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 210334 | 3081 | 5.81% | 167329 | 2101 | 5.04% | 143021 | 1816 | 5.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 11068280 | 89658 | 3.21% | 9042916 | 70669 | 3.13% | 9237819 | 72065 | 3.16% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand deposits | 2724898 |  |  | 2206305 |  |  | 2134924 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 236732 |  |  | 200077 |  |  | 250175 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2961630 |  |  | 2406382 |  |  | 2385099 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 14029910 |  |  | 11449298 |  |  | 11622918 |  |  |
| Total common shareholders' equity | 1977785 |  |  | 1583099 |  |  | 1583958 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  | 93 |  |  |
| Total equity | 1977878 |  |  | 1583192 |  |  | 1584051 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $16007788 |  |  | $13032490 |  |  | $13206969 |  |  |
| Net interest income<sup>(b)</sup> |  | $148088 |  |  | $112236 |  |  | $108427 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 3.14% |  |  | 2.86% |  |  | 2.75% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.95% |  |  | 3.68% |  |  | 3.55% |
| Cost of total deposits |  |  | 2.53% |  |  | 2.48% |  |  | 2.54% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 134.3% |  |  | 135.4% |  |  | 134.1% |
| Tax-equivalent adjustment |  | $848 |  |  | $821 |  |  | $786 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $198320 | 6.45% |  | $155697 | 6.34% |  | $149819 | 6.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 1575 | 0.05% |  | 1945 | 0.08% |  | 1797 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion (amortization) on purchased loans |  | 7025 | 0.23% |  | (62) | —% |  | 2 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 503 | 0.02% |  | 384 | 0.02% |  | 556 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $207423 | 6.75% |  | $157964 | 6.44% |  | $152174 | 6.41% |

---

*(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.* 

*(b) Includes tax-equivalent adjustment using combined federal and blended state statutory income tax rate of 26.06%.*

*(c) Includes average net unrealized losses on investment securities available for sale of $64,781, $128,818 and $132,262 for the three months ended September 30, 2025, June 30, 2025 and* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*March 31, 2025, respectively.* 

*(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $21,645, $25,159 <br> and $30,731 for the three months ended September 30, 2025, June 30, 2025 and March 31, 2025, respectively.* 

*(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.*

FB Financial Corporation 8

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---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** | **Investments and Other Sources of Liquidity** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **Mar 2026** | **Mar 2026** | **Dec 2025** | **Dec 2025** | **Sep 2025** | **Sep 2025** | **Jun 2025** | **Jun 2025** | **Mar 2025** | **Mar 2025** |
| **Investment securities, at fair value** |  |  |  |  |  |  |  |  |  |  |
| Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. government agency securities | $713910 | 48% | $670088 | 46% | $653197 | 46% | $642264 | 48% | $602942 | 38% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities - residential | 599180 | 40% | 602320 | 41% | 587587 | 41% | 541343 | 40% | 816556 | 52% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities - commercial | 10632 | 1% | 10678 | 1% | 10681 | 1% | 8752 | 1% | 14828 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal securities | 166033 | 11% | 168370 | 12% | 165411 | 12% | 144228 | 11% | 145396 | 9% |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury securities | 7092 | —% | 7125 | —% | 7080 | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate securities | 1700 | —% | 998 | —% | 2995 | —% | 978 | —% | 998 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale debt securities | 1498547 | 100% | 1459579 | 100% | 1426951 | 100% | 1337565 | 100% | 1580720 | 100% |
| Equity securities, at fair value |  | —% | 155 | —% | 1450 | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities, at fair value | $1498547 | 100% | $1459734 | 100% | $1428401 | 100% | $1337565 | 100% | $1580720 | 100% |
| Investment securities to total assets | 9.10% |  | 8.96% |  | 8.80% |  | 10.0% |  | 12.0% |  |
| Unrealized loss on available-for-sale debt securities | (51495) |  | (47887) |  | (55890) |  | (63262) |  | (128173) |  |
| **Sources of liquidity** |  |  |  |  |  |  |  |  |  |  |
| Current on-balance sheet: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1157763 | 65% | $1155895 | 64% | $1280033 | 68% | $1165729 | 68% | $794706 | 53% |
| &nbsp;&nbsp;&nbsp;&nbsp;Unpledged available-for-sale debt securities | 637182 | 35% | 649000 | 36% | 608716 | 32% | 547354 | 32% | 703117 | 47% |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity securities, at fair value |  | —% | 155 | —% | 1450 | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total on-balance sheet liquidity | $1794945 | 100% | $1805050 | 100% | $1890199 | 100% | $1713083 | 100% | $1497823 | 100% |
| Available sources of liquidity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unsecured borrowing capacity<sup>(a)</sup> | $4021984 | 47% | $3915314 | 47% | $4018822 | 52% | $3325751 | 48% | $3369107 | 48% |
| &nbsp;&nbsp;&nbsp;&nbsp;FHLB remaining borrowing capacity | 2213251 | 26% | 2214796 | 26% | 1551283 | 20% | 1481376 | 21% | 1476688 | 21% |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Reserve discount window | 2319521 | 27% | 2268599 | 27% | 2196785 | 28% | 2119018 | 31% | 2134448 | 31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available sources of liquidity | $8554756 | 100% | $8398709 | 100% | $7766890 | 100% | $6926145 | 100% | $6980243 | 100% |
| On-balance sheet liquidity as a <br>&nbsp;&nbsp;&nbsp;&nbsp;percentage of total assets | 10.9% |  | 11.1% |  | 11.6% |  | 12.8% |  | 11.4% |  |
| On-balance sheet liquidity as a <br>&nbsp;&nbsp;&nbsp;&nbsp;percentage of total tangible assets\* | 11.2% |  | 11.3% |  | 11.9% |  | 13.1% |  | 11.6% |  |
| On-balance sheet liquidity and available <br>&nbsp;&nbsp;&nbsp;&nbsp;sources of liquidity as a percentage of <br>&nbsp;&nbsp;&nbsp;&nbsp;estimated uninsured and<br>&nbsp;&nbsp;&nbsp;&nbsp;uncollateralized deposits<sup>(b)</sup> | 255.0% |  | 264.8% |  | 245.0% |  | 289.5% |  | 283.4% |  |

---

*(a) Includes capacity available per internal policy in the form of brokered deposits and unsecured lines of credit.*

*(b) Amounts are shown on a fully consolidated basis and exclude deposits of affiliates that are eliminated in consolidation.*

*\*Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein.* 

FB Financial Corporation 9

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** | **Loan Portfolio** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **Mar 2026** | **% of Total** | **Dec 2025** | **% of Total** | **Sep 2025** | **% of Total** | **Jun 2025** | **% of Total** | **Mar 2025** | **% of Total** |
| **Loan portfolio** |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial | $2239228 | 18% | $2181935 | 18% | $2155105 | 17% | $1788911 | 18% | $1782981 | 18% |
| Construction | 1177082 | 9% | 1188494 | 10% | 1195392 | 10% | 1022678 | 10% | 1022299 | 10% |
| Residential real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 1856308 | 15% | 1838122 | 15% | 1852626 | 15% | 1660696 | 17% | 1632574 | 17% |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 768190 | 6% | 741309 | 6% | 707303 | 6% | 641433 | 7% | 613868 | 6% |
| &nbsp;&nbsp;&nbsp;Multi-family mortgage | 716795 | 6% | 745360 | 6% | 736424 | 6% | 587254 | 6% | 648326 | 7% |
| Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner-occupied | 2204731 | 18% | 2148870 | 17% | 2124920 | 17% | 1370123 | 14% | 1356007 | 14% |
| &nbsp;&nbsp;&nbsp;Non-owner occupied | 2869759 | 23% | 2900499 | 23% | 2890233 | 24% | 2198689 | 22% | 2153825 | 22% |
| Consumer and other | 671722 | 5% | 639037 | 5% | 635597 | 5% | 604498 | 6% | 561656 | 6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans HFI | $12503815 | 100% | $12383626 | 100% | $12297600 | 100% | $9874282 | 100% | $9771536 | 100% |
| *Percentage of loans HFI portfolio with<br>&nbsp;&nbsp;&nbsp;&nbsp;floating interest rates* |  | 52.3% |  | 52.2% |  | 51.5% |  | 49.6% |  | 49.7% |
| *Percentage of loans HFI portfolio with<br> floating interest rates that mature after<br> one year* |  | 49.0% |  | 49.3% |  | 48.0% |  | 45.2% |  | 44.4% |
| **Loans by market**<sup>(a)</sup> |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan | $5642300 | 45% | $5812055 | 47% | $5828109 | 48% | $4964113 | 50% | $5005392 | 51% |
| &nbsp;&nbsp;&nbsp;Community | 3055745 | 25% | 2893961 | 23% | 2876244 | 23% | 1380561 | 14% | 1367412 | 14% |
| &nbsp;&nbsp;&nbsp;Specialty lending and other | 3805770 | 30% | 3677610 | 30% | 3593247 | 29% | 3529608 | 36% | 3398732 | 35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $12503815 | 100% | $12383626 | 100% | $12297600 | 100% | $9874282 | 100% | $9771536 | 100% |
| **Unfunded loan commitments** |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial | $1465835 | 45% | $1464207 | 45% | $1451366 | 46% | $1396533 | 49% | $1349491 | 48% |
| Construction | 730199 | 23% | 704781 | 22% | 731742 | 23% | 535669 | 19% | 540992 | 19% |
| Residential real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 14427 | —% | 16942 | 1% | 5581 | —% | 3545 | —% | 5094 | —% |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 837761 | 26% | 828042 | 26% | 808961 | 25% | 745570 | 26% | 743413 | 27% |
| &nbsp;&nbsp;&nbsp;Multi-family mortgage | 8145 | —% | 6698 | —% | 6665 | —% | 4260 | —% | 9586 | —% |
| Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner-occupied | 97430 | 3% | 92265 | 3% | 96287 | 3% | 86135 | 3% | 68566 | 3% |
| &nbsp;&nbsp;&nbsp;Non-owner occupied | 59417 | 2% | 65037 | 2% | 68293 | 2% | 67974 | 2% | 63948 | 2% |
| Consumer and other | 23763 | 1% | 20530 | 1% | 21480 | 1% | 21999 | 1% | 14547 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total unfunded loans HFI | $3236977 | 100% | $3198502 | 100% | $3190375 | 100% | $2861685 | 100% | $2795637 | 100% |

---

*(a) Prior period amounts have been recast to reflect updated definitions of market categories.*

FB Financial Corporation 10

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset Quality** | **Asset Quality** | **Asset Quality** | **Asset Quality** | **Asset Quality** | **Asset Quality** |
| **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** |
|  | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| **Allowance for credit losses on loans HFI roll forward summary** |  |  |  |  |  |
| Allowance for credit losses on loans HFI at the beginning of the period | $185983 | $184993 | $148948 | $150531 | $151942 |
| Charge-offs | (4033) | (1818) | (1709) | (1454) | (3893) |
| Recoveries | 552 | 380 | 279 | 973 | 576 |
| Impact of change in accounting estimate for current expected credit losses |  |  |  | (6848) |  |
| Provision for credit losses on loans HFI | 3822 | 2428 | 29957 | 5746 | 1906 |
| Initial allowance on acquired loans with credit deterioration |  |  | 7518 |  |  |
| Allowance for credit losses on loans HFI at the end of the period | $186324 | $185983 | $184993 | $148948 | $150531 |
| Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.49% | 1.50% | 1.50% | 1.51% | 1.54% |
| Allowance for credit losses on unfunded commitments | $15398 | $16196 | $17392 | $12932 | $6493 |
| **Charge-offs** |  |  |  |  |  |
| Commercial and industrial | $(2168) | $(65) | $(100) | $(70) | $(2901) |
| Construction | (204) |  | (399) |  |  |
| Residential real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | (405) | (368) | (322) | (433) | (3) |
| &nbsp;&nbsp;&nbsp;Residential line of credit | (23) |  |  |  |  |
| Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner occupied |  |  |  |  | (17) |
| Consumer and other | (1233) | (1385) | (888) | (951) | (972) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total charge-offs | (4033) | (1818) | (1709) | (1454) | (3893) |
| **Recoveries** |  |  |  |  |  |
| Commercial and industrial | 101 | 159 | 12 | 173 | 42 |
| Construction | 25 |  |  |  |  |
| Residential real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 8 | 13 | 6 | 11 | 9 |
| &nbsp;&nbsp;&nbsp;Residential line of credit |  |  | 11 | 1 |  |
| Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner occupied | 13 | 8 | 4 | 9 | 21 |
| &nbsp;&nbsp;&nbsp;Non-owner occupied |  |  |  | 528 | 1 |
| Consumer and other | 405 | 200 | 246 | 251 | 503 |
| &nbsp;&nbsp;&nbsp;Total recoveries | 552 | 380 | 279 | 973 | 576 |
| &nbsp;&nbsp;&nbsp;Net charge-offs | $(3481) | $(1438) | $(1430) | $(481) | $(3317) |
| &nbsp;&nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.11% | 0.05% | 0.05% | 0.02% | 0.14% |
| **Nonperforming assets** |  |  |  |  |  |
| Loans past due 90 days or more and accruing interest | $27185 | $32751 | $26311 | $21962 | $28422 |
| Nonaccrual loans | 92289 | 87721 | 89448 | 73950 | 48738 |
| Total nonperforming loans HFI | 119474 | 120472 | 115759 | 95912 | 77160 |
| Mortgage loans held for sale<sup>(a)</sup> | 32590 | 28102 | 21660 | 20977 | 27152 |
| Other real estate owned | 6449 | 6009 | 4466 | 2998 | 3326 |
| Other repossessed assets | 3518 | 3564 | 3314 | 3151 | 2791 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming assets | $162031 | $158147 | $145199 | $123038 | $110429 |
| Total nonperforming loans HFI as a percentage of loans HFI | 0.96% | 0.97% | 0.94% | 0.97% | 0.79% |
| Total nonperforming assets as a percentage of total assets | 0.98% | 0.97% | 0.89% | 0.92% | 0.84% |
| Total nonaccrual loans as a percentage of loans HFI | 0.74% | 0.71% | 0.73% | 0.75% | 0.50% |

---

*(a) Represents optional right to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days.* 

FB Financial Corporation 11

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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Selected Deposit Data** | **Selected Deposit Data** | **Selected Deposit Data** | **Selected Deposit Data** | **Selected Deposit Data** | **Selected Deposit Data** | **Selected Deposit Data** | **Selected Deposit Data** | **Selected Deposit Data** | **Selected Deposit Data** | **Selected Deposit Data** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** | **As of** |
|  | **Mar 2026** | **Mar 2026** | **Dec 2025** | **Dec 2025** | **Sep 2025** | **Sep 2025** | **Jun 2025** | **Jun 2025** | **Mar 2025** | **Mar 2025** |
| **Deposits by market**<sup>(a)</sup> |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan | $6304307 | 45% | $6020095 | 43% | $5766856 | 42% | $5359974 | 47% | $5390434 | 48% |
| &nbsp;&nbsp;&nbsp;Community | 6741452 | 48% | 6926897 | 50% | 6822736 | 49% | 4713637 | 42% | 4819665 | 43% |
| &nbsp;&nbsp;&nbsp;Brokered/wholesale | 574216 | 4% | 625634 | 5% | 487765 | 4% | 518719 | 4% | 414428 | 4% |
| &nbsp;&nbsp;&nbsp;Escrow and other<sup>(b)</sup> | 456860 | 3% | 337335 | 2% | 735598 | 5% | 811140 | 7% | 577471 | 5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $14076835 | 100% | $13909961 | 100% | $13812955 | 100% | $11403470 | 100% | $11201998 | 100% |
| **Deposits by customer<br>&nbsp;&nbsp;&nbsp;&nbsp;segment** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Consumer | $6060115 | 43% | $6063015 | 44% | $5966458 | 43% | $4772582 | 42% | $4868544 | 43% |
| &nbsp;&nbsp;&nbsp;Commercial | 6155874 | 44% | 6162221 | 44% | 6045418 | 44% | 4835968 | 42% | 4695923 | 42% |
| &nbsp;&nbsp;&nbsp;Public | 1860846 | 13% | 1684725 | 12% | 1801079 | 13% | 1794920 | 16% | 1637531 | 15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $14076835 | 100% | $13909961 | 100% | $13812955 | 100% | $11403470 | 100% | $11201998 | 100% |
| Estimated insured or<br> collateralized deposits | $10017773 |  | $9825599 |  | $9871337 |  | $8418783 |  | $8210241 |  |
| Estimated uninsured<br>&nbsp;&nbsp;&nbsp;&nbsp;and uncollateralized<br>&nbsp;&nbsp;&nbsp;&nbsp;deposits<sup>(c)</sup> | $4059062 |  | $4084362 |  | $3941618 |  | $2984687 |  | $2991757 |  |
| Estimated uninsured and<br>&nbsp;&nbsp;&nbsp;&nbsp;uncollateralized deposits<br>&nbsp;&nbsp;&nbsp;&nbsp;as a % of total<br>&nbsp;&nbsp;&nbsp;&nbsp;deposits<sup>(c)</sup> | 28.8% |  | 29.4% |  | 28.5% |  | 26.2% |  | 26.7% |  |

---

*(a) Prior period amounts have been recast to reflect updated definitions of market categories.*

*(b) Includes deposits related to escrow balances from mortgage and specialty lending servicing portfolios and treasury/other deposits.*

*(c) Amounts are shown on a fully consolidated basis and exclude deposits of affiliates that are eliminated in consolidation.*

FB Financial Corporation 12

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| | | |
|:---|:---|:---|
| **Preliminary Capital Ratios** | **Preliminary Capital Ratios** | **Preliminary Capital Ratios** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
| **Computation of Tangible Common Equity to Tangible Assets:** | **March 31, 2026** | **December 31, 2025** |
| **Total Common Shareholders' Equity** | $**1973873** | $**1948165** |
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 350353 | 350353 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangibles | 29415 | 31284 |
| **Tangible Common Equity** | $**1594105** | $**1566528** |
| **Total Assets** | $**16468439** | $**16300292** |
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 350353 | 350353 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangibles | 29415 | 31284 |
| **Tangible Assets** | $**16088671** | $**15918655** |
| **Preliminary Total Risk-Weighted Assets** | $**14362816** | $**14253337** |
| **Total Common Equity to Total Assets** | **12.0%** | **12.0%** |
| **Tangible Common Equity to Tangible Assets\*** | **9.91%** | **9.84%** |
|  | **March 31, 2026** | **December 31, 2025** |
| **Preliminary Regulatory Capital:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Equity Tier 1 Capital | $1656459 | $1625952 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Capital | 1656459 | 1625952 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Capital | 1920244 | 1888051 |
| **Preliminary Regulatory Capital Ratios:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Equity Tier 1 | 11.5% | 11.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Risk-Based | 11.5% | 11.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Risk-Based | 13.4% | 13.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Leverage | 10.4% | 10.3% |

---

*\*Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein.* 

FB Financial Corporation 13

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Segment Data** | **Segment Data** | **Segment Data** | **Segment Data** | **Segment Data** | **Segment Data** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** |
|  | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| Banking segment |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | $223418 | $233202 | $236073 | $180960 | $178915 |
| &nbsp;&nbsp;&nbsp;Interest expense | 80296 | 86637 | 91214 | 72051 | 73156 |
| &nbsp;&nbsp;&nbsp;Net interest income | $143122 | $146565 | $144859 | $108909 | $105759 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 1987 | 796 | 34070 | 582 | 2189 |
| &nbsp;&nbsp;&nbsp;Noninterest income (loss) | 13962 | 15207 | 13078 | (47720) | 10660 |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 49364 | 55928 | 51441 | 38635 | 41469 |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 1447 | 4611 | 16057 | 2734 | 401 |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 30765 | 33017 | 29471 | 25961 | 25039 |
| &nbsp;&nbsp;&nbsp;Pre-tax net contribution (loss) after allocations | $73521 | $67420 | $26898 | $(6723) | $47321 |
| &nbsp;&nbsp;&nbsp;Total assets | $15703248 | $15623962 | $15598629 | $12736830 | $12490097 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 51.9% | 57.8% | 61.4% | 110.0% | 57.5% |
| &nbsp;&nbsp;&nbsp;*Adjusted efficiency ratio\** | 50.9% | 53.5% | 50.6% | 52.8% | 56.5% |
| Mortgage segment |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | $1932 | $2036 | $825 | $1124 | $791 |
| &nbsp;&nbsp;&nbsp;Interest expense | (911) | (1203) | (1556) | (1382) | (1091) |
| &nbsp;&nbsp;&nbsp;Net interest income | $2843 | $3239 | $2381 | $2506 | $1882 |
| &nbsp;&nbsp;&nbsp;Provisions for loan losses | 1037 | 436 | 347 | 4755 | 103 |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 12253 | 13505 | 13484 | 13029 | 12426 |
| &nbsp;&nbsp;&nbsp;Other noninterest income (loss) | 160 | 83 | 73 | 139 | (54) |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 7984 | 7601 | 7769 | 7996 | 6882 |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 5604 | 6391 | 5118 | 5935 | 5758 |
| &nbsp;&nbsp;&nbsp;Pre-tax net contribution (loss) after allocations | $631 | $2399 | $2704 | $(3012) | $1511 |
| &nbsp;&nbsp;&nbsp;Total assets | $765191 | $676330 | $637830 | $617408 | $646352 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 89.1% | 83.2% | 80.9% | 88.9% | 88.7% |
| &nbsp;&nbsp;&nbsp;*Adjusted efficiency ratio\** | 89.6% | 83.2% | 80.9% | 89.1% | 87.9% |
| Interest rate lock commitments volume | $490265 | $385516 | $432149 | $456720 | $381777 |
| Interest rate lock commitments pipeline (period end) | $133669 | $86586 | $128961 | $127004 | $118200 |
| Mortgage loan sales | $295123 | $336085 | $343450 | $391061 | $222805 |
| Gains and fees from origination and sale of mortgage loans held for sale | $8517 | $9976 | $9237 | $11200 | $5602 |
| Net change in fair value of loans held for sale, derivatives, and other | 1008 | (57) | 801 | (876) | 2816 |
| Mortgage servicing income | 6580 | 6668 | 6836 | 6936 | 7077 |
| Change in fair value of mortgage servicing rights, net of hedging | (3852) | (3082) | (3390) | (4231) | (3069) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total mortgage banking income | $12253 | $13505 | $13484 | $13029 | $12426 |
| Mortgage sale margin<sup>(a)</sup> | 2.89% | 2.97% | 2.69% | 2.86% | 2.51% |

---

*\*Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein.* 

*(a) Calculated by dividing gains and fees from origination and sale of mortgage loans held for sale by total mortgage sales.*

FB Financial Corporation 14

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| **Adjusted net income** | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| **Income (loss) before income taxes** | 74152 | 69819 | 29602 | (9735) | 48832 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, net | 1 | 64 | 12 | (60549) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or write-downs of premises and equipment, other real estate<br> owned and other assets, net | (320) | (131) | (646) | 236 | (625) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 763 | 1148 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus initial provision for credit losses on acquired<br>&nbsp;&nbsp;&nbsp;&nbsp;loans and unfunded commitments |  |  | 28366 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and severance costs |  | 1395 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations and other branch<br>&nbsp;&nbsp;&nbsp;&nbsp;closure costs | 5 | 12 | 270 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus certain nonrecurring charitable contributions |  | 1130 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration costs | 1447 | 4611 | 16057 | 2734 | 401 |
| **Adjusted pre-tax net income** | 75160 | 75886 | 74929 | 53312 | 49842 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less income tax expense, adjusted for items<br>&nbsp;&nbsp;&nbsp;&nbsp;above<sup>(a)</sup> | 16889 | 14392 | 17323 | 3778 | 9734 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus income tax benefit<sup>(b)</sup> |  |  |  | (8713) |  |
| **Adjusted net income** | 58271 | 61494 | 57606 | 40821 | 40108 |
| Weighted average common shares outstanding - fully<br>&nbsp;&nbsp;&nbsp;&nbsp; diluted | 52203469 | 53074753 | 53957062 | 46179090 | 47024211 |
| **Adjusted diluted earnings per common share** |  |  |  |  |  |
| Diluted earnings per common share | 1.10 | 1.07 | 0.43 | 0.06 | 0.84 |
| **Adjusted diluted earnings per common share** | 1.12 | 1.16 | 1.07 | 0.88 | 0.85 |
| *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* |

---

FB Financial Corporation 15

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| **Adjusted pre-tax pre-provision net revenue** | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| **Income (loss) before income taxes** | 74152 | 69819 | 29602 | (9735) | 48832 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus provisions for credit losses | 3024 | 1232 | 34417 | 5337 | 2292 |
| **Pre-tax pre-provision net revenue** | 77176 | 71051 | 64019 | (4398) | 51124 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, net | 1 | 64 | 12 | (60549) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or write-downs of<br>&nbsp;&nbsp;&nbsp;&nbsp;premises and equipment, other real estate <br>&nbsp;&nbsp;&nbsp;&nbsp;owned and other assets, net | (320) | (131) | (646) | 236 | (625) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 763 | 1148 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and severance costs |  | 1395 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations and other branch<br> closure costs | 5 | 12 | 270 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus certain nonrecurring charitable contributions |  | 1130 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration costs | 1447 | 4611 | 16057 | 2734 | 401 |
| **Adjusted pre-tax pre-provision net revenue** | 78184 | 77118 | 80980 | 58649 | 52134 |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| **Adjusted tangible net income** | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| **Income (loss) before income taxes** | 74152 | 69819 | 29602 | (9735) | 48832 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus amortization of core deposit and other<br> intangibles | 1869 | 1932 | 2079 | 631 | 656 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, net | 1 | 64 | 12 | (60549) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or write-downs of<br>&nbsp;&nbsp;&nbsp;&nbsp; premises and equipment, other real estate <br>&nbsp;&nbsp;&nbsp;&nbsp; owned and other assets, net | (320) | (131) | (646) | 236 | (625) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 763 | 1148 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus initial provision for credit losses on acquired<br>&nbsp;&nbsp;&nbsp;&nbsp;loans and unfunded commitments |  |  | 28366 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and severance costs |  | 1395 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations and other branch<br> closure costs | 5 | 12 | 270 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus certain nonrecurring charitable contributions |  | 1130 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration costs | 1447 | 4611 | 16057 | 2734 | 401 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less income tax expense, adjusted for items<br>&nbsp;&nbsp;&nbsp;&nbsp;above<sup>(a)</sup> | 17376 | 14895 | 17864 | 3942 | 9905 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus income tax benefit<sup>(b)</sup> |  |  |  | (8713) |  |
| **Adjusted tangible net income** | 59653 | 62923 | 59144 | 41288 | 40593 |
| *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined federal and blended state statutory income tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* |

---

FB Financial Corporation 16

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| **Adjusted efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp;equivalent basis)** | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| Total noninterest expense | $95164 | $107548 | $109856 | $81261 | $79549 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less early retirement and severance costs |  | 1395 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less loss on lease terminations and other branch<br>&nbsp;&nbsp;&nbsp;&nbsp;closure costs | 5 | 12 | 270 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less certain nonrecurring charitable contributions |  | 1130 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less merger and integration costs | 1447 | 4611 | 16057 | 2734 | 401 |
| **Adjusted noninterest expense** | $93712 | $100400 | $93529 | $78527 | $79148 |
| Net interest income | $145965 | $149804 | $147240 | $111415 | $107641 |
| Net interest income (tax-equivalent basis) | 146774 | 150642 | 148088 | 112236 | 108427 |
| Total noninterest income (loss) | 26375 | 28795 | 26635 | (34552) | 23032 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, net | 1 | 64 | 12 | (60549) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or write-downs of <br> premises and equipment, other real estate owned<br>&nbsp;&nbsp;&nbsp;&nbsp;and other assets, net | (320) | (131) | (646) | 236 | (625) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 763 | 1148 |  |  |  |
| **Adjusted noninterest income** | 25931 | 27714 | 27269 | 25761 | 23641 |
| Total revenue | $172340 | $178599 | $173875 | $76863 | $130673 |
| **Adjusted revenue (tax-equivalent basis)** | $172705 | $178356 | $175357 | $137997 | $132068 |
| Efficiency ratio | 55.2% | 60.2% | 63.2% | 105.7% | 60.9% |
| **Adjusted efficiency ratio (tax-equivalent basis)** | 54.3% | 56.3% | 53.3% | 56.9% | 59.9% |

---

FB Financial Corporation 17

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| **Banking segment adjusted efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp;equivalent)** | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| Banking segment noninterest expense | $81576 | $93556 | $96969 | $67330 | $66909 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less early retirement and severance costs |  | 1395 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less loss on lease terminations and other branch<br>&nbsp;&nbsp;&nbsp;&nbsp;closure costs | 5 | 12 | 270 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less certain nonrecurring charitable contributions |  | 1130 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less merger and integration costs | 1447 | 4611 | 16057 | 2734 | 401 |
| **Banking segment adjusted noninterest expense** | $80124 | $86408 | $80642 | $64596 | $66508 |
| Banking segment net interest income | $143122 | $146565 | $144859 | $108909 | $105759 |
| Banking segment net interest income (tax-equivalent<br>&nbsp;&nbsp;&nbsp;&nbsp;basis) | 143931 | 147403 | 145707 | 109730 | 106545 |
| Banking segment noninterest income (loss) | 13962 | 15207 | 13078 | (47720) | 10660 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, net | 1 | 64 | 12 | (60549) | 16 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 763 | 1148 |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less loss on sales or write-downs of <br>&nbsp;&nbsp;&nbsp;&nbsp;premises and equipment, other real estate owned<br>&nbsp;&nbsp;&nbsp;&nbsp;and other assets, net | (409) | (131) | (646) | 203 | (497) |
| **Banking segment adjusted noninterest income** | 13607 | 14126 | 13712 | 12626 | 11141 |
| Banking segment total revenue | $157084 | $161772 | $157937 | $61189 | $116419 |
| **Banking segment total adjusted revenue (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp; equivalent basis)** | $157538 | $161529 | $159419 | $122356 | $117686 |
| Banking segment efficiency ratio | 51.9% | 57.8% | 61.4% | 110.0% | 57.5% |
| **Banking segment adjusted efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp; equivalent basis)** | 50.9% | 53.5% | 50.6% | 52.8% | 56.5% |

---

FB Financial Corporation 18

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **Unaudited** | **Unaudited** | **Unaudited** | **Unaudited** | **Unaudited** | **Unaudited** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| **Mortgage segment adjusted efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp; equivalent)** | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| Mortgage segment noninterest expense | $13588 | $13992 | $12887 | $13931 | $12640 |
| **Mortgage segment adjusted noninterest expense** | $13588 | $13992 | $12887 | $13931 | $12640 |
| Mortgage segment net interest income | $2843 | $3239 | $2381 | $2506 | $1882 |
| Mortgage segment noninterest income | 12413 | 13588 | 13557 | 13168 | 12372 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) on sales or write-downs of <br>&nbsp;&nbsp;&nbsp;&nbsp;premises and equipment, other real estate owned<br>&nbsp;&nbsp;&nbsp;&nbsp;and other assets, net | 89 |  |  | 33 | (128) |
| **Mortgage segment adjusted noninterest income** | 12324 | 13588 | 13557 | 13135 | 12500 |
| Mortgage segment total revenue | $15256 | $16827 | $15938 | $15674 | $14254 |
| **Mortgage segment adjusted total revenue** | $15167 | $16827 | $15938 | $15641 | $14382 |
| Mortgage segment efficiency ratio | 89.1% | 83.2% | 80.9% | 88.9% | 88.7% |
| **Mortgage segment adjusted efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp; equivalent basis)** | 89.6% | 83.2% | 80.9% | 89.1% | 87.9% |

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FB Financial Corporation 19

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* |
|  | **As of** | **As of** | **As of** | **As of** | **As of** |
| **Tangible assets, common equity and related<br>&nbsp;&nbsp;&nbsp;&nbsp; measures** | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| **Tangible assets** |  |  |  |  |  |
| Total assets | $16468439 | $16300292 | $16236459 | $13354238 | $13136449 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less goodwill | 350353 | 350353 | 350353 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less intangibles, net | 29415 | 31284 | 33216 | 4475 | 5106 |
| **Tangible assets** | $16088671 | $15918655 | $15852890 | $13107202 | $12888782 |
| **Tangible common equity** |  |  |  |  |  |
| Total common shareholders' equity | $1973873 | $1948165 | $1978043 | $1611130 | $1601962 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less goodwill | 350353 | 350353 | 350353 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less intangibles, net | 29415 | 31284 | 33216 | 4475 | 5106 |
| **Tangible common equity** | $1594105 | $1566528 | $1594474 | $1364094 | $1354295 |
| Common shares outstanding | 51418024 | 51752401 | 53456522 | 45807689 | 46514547 |
| Book value per common share | $38.39 | $37.64 | $37.00 | $35.17 | $34.44 |
| **Tangible book value per common share** | $31.00 | $30.27 | $29.83 | $29.78 | $29.12 |
| Total common shareholders' equity to total assets | 12.0% | 12.0% | 12.2% | 12.1% | 12.2% |
| **Tangible common equity to tangible assets** | 9.91% | 9.84% | 10.1% | 10.4% | 10.5% |
| **On-balance sheet liquidity:** |  |  |  |  |  |
| Cash and cash equivalents | $1157763 | $1155895 | $1280033 | $1165729 | $794706 |
| Unpledged securities | 637182 | 649000 | 608716 | 547354 | 703117 |
| Equity securities, at fair value |  | 155 | 1450 |  |  |
| Total on-balance sheet liquidity | $1794945 | $1805050 | $1890199 | $1713083 | $1497823 |
| On-balance sheet liquidity as a percentage of total<br>&nbsp;&nbsp;&nbsp;&nbsp; assets | 10.9% | 11.1% | 11.6% | 12.8% | 11.4% |
| **On-balance sheet liquidity as a percentage of total<br>&nbsp;&nbsp;&nbsp;&nbsp; tangible assets** | 11.2% | 11.3% | 11.9% | 13.1% | 11.6% |

---

FB Financial Corporation 20

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| **Adjusted return on average tangible common<br>&nbsp;&nbsp;&nbsp;&nbsp; equity and related measures** | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| Average common shareholders' equity | $1965877 | $1956633 | $1977785 | $1583099 | $1583958 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less average goodwill | 350353 | 350353 | 350355 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less average intangibles, net | 30394 | 32301 | 34983 | 4791 | 5426 |
| **Average tangible common equity** | $1585130 | $1573979 | $1592447 | $1335747 | $1335971 |
| Net income | $57526 | $56977 | $23375 | $2909 | $39361 |
| Return on average common equity | 11.9% | 11.6% | 4.69% | 0.74% | 10.1% |
| **Return on average tangible common equity** | 14.7% | 14.4% | 5.82% | 0.87% | 11.9% |
| Adjusted tangible net income | $59653 | $62923 | $59144 | $41288 | $40593 |
| **Adjusted return on average tangible common equity** | 15.3% | 15.9% | 14.7% | 12.4% | 12.3% |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|<br>**Adjusted return on average assets, common equity and related measures** | **Mar 2026** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** |
| Net income | $57526 | $56977 | $23375 | $2909 | $39361 |
| Average assets | 16258272 | 16151195 | 16007788 | 13032490 | 13206969 |
| Average common equity | 1965877 | 1956633 | 1977785 | 1583099 | 1583958 |
| Return on average assets | 1.43% | 1.40% | 0.58% | 0.09% | 1.21% |
| Return on average common equity | 11.9% | 11.6% | 4.69% | 0.74% | 10.1% |
| Adjusted net income | $58271 | $61494 | $57606 | $40821 | $40108 |
| **Adjusted return on average assets** | 1.45% | 1.51% | 1.43% | 1.26% | 1.23% |
| **Adjusted return on average common equity** | 12.0% | 12.5% | 11.6% | 10.3% | 10.3% |
| Adjusted pre-tax pre-provision net income | $78184 | $77118 | $80980 | $58649 | $52134 |
| **Adjusted pre-tax pre-provision return on average<br>&nbsp;&nbsp;&nbsp;&nbsp; assets** | 1.95% | 1.89% | 2.01% | 1.81% | 1.60% |

---

FB Financial Corporation 21

## Exhibit 99.3

![](a1q26fbkearningspresenta001.jpg)

April 14, 2026 2026 First Quarter Earnings Presentation

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![](a1q26fbkearningspresenta002.jpg)

1 Forward–looking statements Certain statements contained in this Presentation that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company's future plans, results, strategies, and expectations, including expectations around changing economic markets. These statements can generally be identified by the use of the words and phrases "may," "will," "should," "could," "would," "goal," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target," "aim," "predict," "continue," "seek," and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management's current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company's control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward- looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on the Company's business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of the Company's loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) the Company's ability to identify potential candidates for, consummate, and achieve synergies from acquisitions, including risks that cost savings and other synergies from completed or future mergers may not be realized (or may be less than or delayed from expectations), challenges in integrating acquired businesses, disruptions to customer, employee, or other relationships, diversion of management attention, and the ability to effectively manage larger or more complex operations post- transaction; (7) the Company's ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss, (8) the Company's ability to successfully execute its various business strategies, (9) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (10) the effectiveness of the Company's controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (11) the Company's dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (12) the impact, extent and timing of technological changes, (13) concentrations of credit or deposit exposure, (14) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (15) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (16) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward- looking statements contained herein can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and in any of the Company's subsequent filings with the SEC. Many of these factors are beyond the Company's ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this Presentation, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. The Company qualifies all forward-looking statements by these cautionary statements.

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![](a1q26fbkearningspresenta003.jpg)

2 Use of non-GAAP financial measures This Presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles ("GAAP") and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated and segment adjusted revenue, consolidated and segment adjusted noninterest expense and adjusted noninterest income, consolidated and segment adjusted efficiency ratio (tax-equivalent basis), adjusted return on average assets and equity, and adjusted pre-tax pre-provision return on average assets. Each of these non-GAAP metrics excludes certain income and expense items that the Company's management considers to be adjusted in nature. The Company refers to these non-GAAP measures as adjusted measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, on-balance sheet liquidity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles. The Company's management uses these non-GAAP financial measures in their analysis of the Company's performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-adjusted gains and charges in the current and prior periods. The Company's management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company's underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company's results to the results of other companies. However, the non- GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures. See the corresponding non-GAAP reconciliation tables below in this Presentation for additional discussion and reconciliation of these measures to the most directly comparable GAAP financial measures.

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![](a1q26fbkearningspresenta004.jpg)

3 FirstBank receives JD Power award FirstBank ranked #1 for Retail Banking Customer Satisfaction in the South Central Region This award highlights FirstBank's core values by ranking the Company as #1 in …. Trust People About the award: • JD Power 2026 Retail Banking Satisfaction StudySM • Feedback received from +100,000 retail banking customers across the U.S. • Measures satisfaction across multiple core dimensions of the banking experience • For JD Power 2026 award information, visit jdpower.com/awards "For our customers' feedback to result in us ranking #1 is a significant honor. It demonstrates that our approach of pairing the latest in financial products and capabilities with a century of hometown heart truly sets the FirstBank experience apart." Christopher Holmes, President and CEO

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![](a1q26fbkearningspresenta005.jpg)

4 1Q 2026 Results 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. Key highlights Earnings • Net income of $57.5 million or $58.3 million (adjusted)1 • Softer revenue on the shorter quarter & full impact of prior quarter rate cuts • Lower expenses drive increased operating leverage • Pre-tax pre-provision net revenue up ~8.5% or ~1.4% (adjusted)1 • Returns remain strong  ROATCE1 14.7% or 15.3% (adjusted)1 Balance Sheet • Loans HFI balances up ~4% annualized • Deposit balances up ~5% annualized • Momentum building with pipeline growth back half of 1Q Credit • ACL coverage ratio of 1.49% • Annualized net charge-offs of 0.11% Capital • Opportunistic share repurchase activity driven by late-quarter market volatility • Capital position remains strong – • Tangible Common Equity to Tangible Assets1 of 9.91% • CET 1 Ratio 11.5% and Total Risk-Based Capital 13.4% (preliminary) Reported Adjusted1 Diluted earnings per common share $1.10 $1.12 Pre-Tax Pre-Provision Net Revenue ($mm) $77.2 $78.2 Net interest margin (tax-equivalent basis) 3.94% 3.94% Efficiency Ratio 55.2% 54.3% Return on average assets 1.43% 1.45% Return on average tangible common equity1 14.7% 15.3%

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![](a1q26fbkearningspresenta006.jpg)

5 1Q 2026 Earnings Quarter ended $ Change from $ in thousands, except per share data 1Q26 4Q25 1Q25 4Q25 1Q25 Total Revenue 172,340 178,599 130,673 (6,259) 41,667 Provision for credit losses 3,024 1,232 2,292 1,792 732 Noninterest Expense 95,164 107,548 79,549 (12,384) 15,615 Pre-tax income 74,152 69,819 48,832 4,333 25,320 Income tax expense 16,626 12,834 9,471 3,792 7,155 Noncontrolling Interest - 8 - (8) - Net income 57,526 56,977 39,361 549 18,165 Total non-gaap adjustments1 745 4,517 747 (3,772) (2) Adjusted net income2 58,271 61,494 40,108 (3,223) 18,163 Diluted earnings per share $1.10 $1.07 $0.84 $0.03 $0.26 Adjusted diluted earnings per share2 $1.12 $1.16 $0.85 ($0.04) $0.27 Non-GAAP Reconciliation $ in thousands 1Q26 Income before income taxes 74,152 Plus merger and integration costs 1,447 Less cash life insurance benefit 763 Less loss on sales or write-downs of premises and equipment, other real estate owned and other assets, net (320) Plus other items, net 4 Less income tax expense, adj for items above 16,889 Adjusted Net Income2 58,271 Net Income 57,526 Total non-gaap adjustments1 745 1 Non-GAAP financial measure; Represents the aggregate total of items that comprise the difference between Net Income and Adjusted Net Income. See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 2 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. • Pre-tax income up ~6% in 1Q 26 • Fewer days in the quarter drives a seasonal decline in Net Interest Income (NII) • Higher provision expense due to reserve build back on balance sheet growth and economic uncertainty • Expenses decreased in the quarter – • Lower personnel costs including moderating performance-based incentive expense • Lower merger and integration costs – no future costs expected from SSBK transaction

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![](a1q26fbkearningspresenta007.jpg)

6 Driving shareholder value ¹ Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 2 1Q26 calculation is preliminary and subject to change. $2.57 $2.48 $2.45 $1.10 $3.01 $3.40 $3.99 $1.12 2023 2024 2025 2026 YTD Earnings per share Adjusted earnings per share Earnings per Share $14 $14 $20 $22 $25 $27 $30 $28 $31 $34 $38 $38 $12 $12 $15 $17 $19 $22 $25 $23 $26 $28 $30 $31 3Q16 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1Q 26 BVPS TBVPS 15.2% 14.7% 13.6% 13.2% 13.4% 1Q25 2Q25 3Q25 4Q25 1Q26 0.79% 0.97% 0.94% 0.97% 0.96% 1Q25 2Q25 3Q25 4Q25 1Q26 $52.1 $58.6 $81.0 $77.1 $78.2 1Q25 2Q25 3Q25 4Q25 1Q 26 Book Value per Share Total RBC Ratio2 NPLs / Total Loans HFIAdjusted ROATCE1Adjusted PPNR1 (in millions) 1 1 $1,354 $1,364 $1,594 $1,567 $1,594 12.3% 12.4% 14.7% 15.9% 15.3% 1Q25 2Q25 3Q25 4Q25 1Q 26 Tangible Common Equity Adj ROATCE11

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![](a1q26fbkearningspresenta008.jpg)

7 Net Interest Margin $108.4 $112.2 $148.1 $150.6 $146.8 3.55% 3.68% 3.95% 3.98% 3.94% 1Q25 2Q25 3Q25 4Q25 1Q26 FTE NII / NIM Trend ($ millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 4Q25 Net Interest Income 150,642 Impact of loan & deposit rate changes 81 Impact of loan volume changes 771 Impact of deposit volume changes (657) Impact of rate & volume change on cash (668) Impact of day count (3,257) Impact of all other changes (139) 1Q26 Net Interest Income 146,774 • NII lower in the quarter driven by day count and the first full quarter's impact of 4Q benchmark interest rate cuts • Net interest margin (NIM) impacted by lower loan yields and the larger balance sheet • Accretion on purchased loans contributed ~$6.3 million or 17 bps to NIM in 1Q

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![](a1q26fbkearningspresenta009.jpg)

8 Noninterest Income & Expense $79.5 $107.5 $95.2 60.9% 60.2% 55.2% 1Q25 4Q25 1Q26 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $79.1 $100.4 $93.7 59.9% 56.3% 54.3% 1Q25 4Q25 1Q26 Adj. Noninterest Expense ($ millions) Adj. Noninterest Expense Adj. Efficiency Ratio $23.0 $28.8 $26.4 $23.6 $27.7 $25.9 1Q25 4Q25 1Q26 Noninterest Income ($ millions) Noninterest Income Adj. Noninterest Income Highlights 1 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 1 1 1 Noninterest income: • Day count impacts core fees such as mortgage, atm/interchange, etc. • Mortgage income down ~$1.3 mm, partially due to increased market volatility and uncertainty • Decrease in BOLI income of ~$400k, as 4Q included a non-recurring benefit payment • Service charges and swap fees up during the quarter Noninterest expense: • Personnel costs down with a return to normalized incentive levels • Lower merger & integration costs in the period – with no further costs expected • Decreases also noted in Legal & Professional, Data Processing, and Marketing

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![](a1q26fbkearningspresenta010.jpg)

9 Loans HFI $9.77 $9.87 $12.30 $12.38 $12.50 6.41% 6.44% 6.75% 6.64% 6.51% 1Q 25 2Q25 3Q25 4Q25 1Q26 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 15% 1-4 family HELOC 6% Multifamily 6% C&D 9% CRE 23% C&I 36% Other 5% Portfolio Mix $12.5 Billion 1 C&I includes owner-occupied CRE. 2 Excludes owner-occupied CRE. Note: Loan yield shown above includes a tax-equivalent adjustment using combined federal and blended state statutory income tax rate of 26.06%. 1 2 • Ending Loan HFI balances were $12.5 billion, up $120 million in the quarter or ~4% annualized • Key growth categories include – • Commercial & Industrial loans up $57mm • CRE Owner-Occupied loans up $56mm • Resi Mortgage loans & HELOCs up $18mm and $27mm, respectively • Lower loan yields a result of repricing of variable rate loans into lower overall benchmark interest rates during the period

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![](a1q26fbkearningspresenta011.jpg)

10 Office 17% Retail 20% Hotel 18% Warehouse/Industrial 20% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 6% Other 8% Residential Development 33% Commercial 35% Consumer 23% Multifamily 9% Construction 25% Land 5% Lots 3% Diversified loan portfolio CRE2 exposure by type Note: Data as of March 31, 2026. 1 C&I includes owner-occupied CRE. 2 Excludes owner-occupied CRE. 3Includes certain "assignment of catalog" lending which pertains to a security interest in a borrower's intellectual property, at FirstBank this most notably applies to music catalogs. C&D exposure by type C&I1 Exposure by Industry ($ millions) Industry C&I CRE-OO Total % of Total Real estate rental and leasing $313 $269 $582 13% Retail trade 115 406 521 12% Manufacturing 251 258 509 12% Other services (except public administration) 76 274 350 8% Finance and insurance 307 18 325 7% Health care and social assistance 54 227 281 6% Wholesale trade 183 94 277 6% Accommodation and food services 74 198 272 6% Construction 174 90 264 6% Information3 181 13 194 4% Transportation and warehousing 104 87 191 4% Professional, scientific and technical services 118 65 183 4% Arts, entertainment and recreation 64 64 128 3% Administrative and support and waste management and remediation services 73 37 110 3% Other 152 105 257 6% Total $2,239 $2,205 $4,444 100% Land 18% Office 3% Other 14% Construction 15% Land 8%

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![](a1q26fbkearningspresenta012.jpg)

11 Nashville 39% Memphis 6%Knoxville 3% Huntsville 6% Birmingham 14% Chattanooga 1% Other 10% Communities 21% Class A 21% Class B 44% Class C 12% Under $2 Million 23% Office exposure Geographic exposure Note: Data as of March 31, 2026. Data is only non-owner occupied CRE & C&D loans. Data excludes medical office buildings. Credit detail by class Class Outstanding ($mm) Avg. Balance ($mm) Wtd. Avg. LTV Wtd. Avg Occupancy Class A > $2 million $108.4 $7.2 57.5% 93.0% Class B > $2 million 227.7 5.6 63.5% 80.3% Class C > $2 million 64.9 5.9 64.3% 83.5% Total > $2 million $401.0 $6.0 62.0% 84.3% Total < $2 million 121.4 0.6 N/A N/A Total Office $522.4 $1.9 N/A N/A Exposure by class • Office loans as of 1Q26 – • Represent ~4% of total Loans HFI population • 99% of portfolio is pass rated and current • 16% of portfolio matures by year-end 2026 • 52% fixed rate & 48% floating rate • Continuous monitoring of office loans greater than $2 million shows minimal concerns • Projects generally characterized by 25-30% cash equity requirement, loan to value maximums of 70%-75% at origination, and requests for guarantors

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![](a1q26fbkearningspresenta013.jpg)

12 Valuable deposit base Cost of deposits 19.3% 19.2% 19.5% 18.9% 18.9% 2.54% 2.48% 2.53% 2.40% 2.27% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 1Q25 2Q25 3Q25 4Q25 1Q26 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by customer segment ($billions) • Deposit balances ended at $14.1 billion, up $167 million or ~5% annualized • Customer deposits up ~3% annualized – led by growth in CDs, Savings, and seasonal Public Funds • 4Q deposit repricing drove decline in cost of funds and led to declines in rate-sensitive money market balances Highlights Noninterest -bearing checking 19% Interest- bearing checking 19% Money market & savings 42% Time 20% 38% Checking accounts 1Q26 Deposit composition $4.9 $4.8 $6.0 $6.1 $6.1 $4.7 $4.8 $6.0 $6.2 $6.1 $1.6 $1.8 $1.8 $1.7 $1.9 $11.2 $11.4 $13.8 $14.0 $14.1 1Q25 2Q25 3Q25 4Q25 1Q26 Consumer Commercial Public Total

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![](a1q26fbkearningspresenta014.jpg)

13 Asset Quality Metrics 0.63% 0.76% 0.76% 0.80% 0.78% 0.21% 0.16% 0.13% 0.17% 0.20% 0.84% 0.92% 0.89% 0.97% 0.98% 1Q25 2Q25 3Q25 4Q25 1Q26 Nonperforming Assets / Total Assets Other NPAs Optional GNMA repurchase • Higher charge-off levels during the quarter a result of unique borrower situations, not broader economic themes • Underlying credit quality remains solid with stable nonperforming loan and asset ratios • Reserve levels remain adequate and relatively stable $150.5 $148.9 $185.0 $186.0 $186.3 1.54% 1.51% 1.50% 1.50% 1.49% 1Q25 2Q25 3Q25 4Q25 1Q26 Allowance for Credit Losses & Coverage Ratio ($ millions) ACL ACL Coverage Ratio 13Q25 provision expense includes the impact of day one provision for non-PCD acquired loans and unfunded commitments. 2Includes other real estate owned and repossessed assets–see page 13 of the 1Q26 Financial Supplement. Highlights 2 $2,292 $5,337 $34,417 $1,232 $3,024 0.14% 0.02% 0.05% 0.05% 0.11% 1Q25 2Q25 3Q25 4Q25 1Q26 Provision for Credit Losses & Net Charge Offs ($ thousands) Provision for Credit Losses NCO Ratio (ann.) 1

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![](a1q26fbkearningspresenta015.jpg)

14 1.54% 0.87% 1.31% 0.89% 2.51% 1.76% 1.60% 1.82% 3.59% 1.50% 1.11% 1.25% 1.01% 2.16% 1.64% 1.81% 1.43% 3.49% 1.49% 1.14% 1.22% 1.00% 2.34% 1.45% 1.79% 1.37% 3.29% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC Consumer & Other 1Q25 4Q25 1Q26 Allowance Modeling & Reserve Allocation ACL on loans HFI / Loans HFI by category • In 1Q equities and broader markets were noticeably more volatile due to geopolitical events and a sharp increase in oil prices • Economic forecasts include consideration of these events at varying levels • Certain macro economic forecast variables were still improved compared to the 4Q outlook • 1.49% ACL coverage ratio at period end Key forecast inputs1 2Q26 3Q26 4Q26 1Q27 National Unemployment Rate 4.5 4.5 4.5 4.5 CRE Price Index 1.4 1.4 1.4 1.4 National Housing Price Index 0.15 0.69 0.23 -0.01 Prime Rate 6.1 5.9 5.6 5.6 1 Source: Moody's "March 2026 U.S. Macroeconomic Outlook Baseline Scenario", with the exception of the National Housing Price Index which also incorporates components of the Mortgage Bankers Association Mortgage Finance Forecast.

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![](a1q26fbkearningspresenta016.jpg)

15 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 86% Subordinated Notes 5% Tier 2 ACL 9% Total regulatory capital: $1,920 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 2 1Q26 calculation is preliminary and subject to change. 3 Includes capacity from internal policy and does not include loans held at the REIT that could be pledged for additional capacity. On-balance sheet liquidity ($mm) $1,498 $1,713 $1,890 $1,805 $1,795 11.6% 13.1% 11.9% 11.3% 11.2% 1Q25 2Q25 3Q25 4Q25 1Q26 On-balance sheet liquidity On-balance sheet liquidity / tangible assets Capital Position 1Q25 4Q25 1Q26 Shareholder's Equity/Assets 12.2% 12.0% 12.0% TCE/TA1 10.5% 9.84% 9.91% Common Equity Tier 12 12.8% 11.4% 11.5% Tier 1 Risk-Based2 13.1% 11.4% 11.5% Total Risk-Based2 15.2% 13.2% 13.4% AOCI Adjusted Ratios:1,2 Adj. Common Equity Tier 1 11.3% Adj. Total Risk-Based 13.2% 1 • Capital and liquidity levels remain strong and well- above required regulatory thresholds • Executed ~$22 million in share buy backs in 1Q 26 • Securities portfolio makes up 9% of total assets and does not include any HTM securities • 1Q26 available sources of liquidity – • $1.8 billion on-balance sheet • $8.6 billion total other sources3

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16 Mortgage results 2.51% 2.86% 2.69% 2.97% 2.89% 1Q25 2Q25 3Q25 4Q25 1Q26 Interest rate lock commitment volume ($mm) Mortgage gain on sale margin $329 $402 $342 $279 $366 $53 $55 $90 $107 $124 $382 $457 $432 $386 $490 1Q25 2Q25 3Q25 4Q25 1Q26 Purchase Refinance Highlights Mortgage Banking Segment ($ thousands) 1Q25 4Q25 1Q26 Total Revenue $14,254 $16,827 $15,256 Provision for loan losses 103 436 1,037 Noninterest expense 12,640 13,992 13,588 Pre-tax net contribution after allocations 1,511 2,399 631 Total Assets 646,352 676,330 765,191 Efficiency Ratio 88.7% 83.2% 89.1% Core Efficiency Ratio1 87.9% 83.2% 89.6% 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. • Mortgage segment pre-tax net contribution of $631 thousand • Rate lock activity up in the quarter including ~$134 million in pipeline at quarter end • Economic uncertainty set in during the back half of the quarter slowing deal flow and close timelines, leading to lower segment revenue

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17 Appendix

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![](a1q26fbkearningspresenta019.jpg)

18 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share

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![](a1q26fbkearningspresenta020.jpg)

19 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share

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![](a1q26fbkearningspresenta021.jpg)

20 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue

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![](a1q26fbkearningspresenta022.jpg)

21 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue

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![](a1q26fbkearningspresenta023.jpg)

22 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income

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![](a1q26fbkearningspresenta024.jpg)

23 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income

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![](a1q26fbkearningspresenta025.jpg)

24 GAAP reconciliations and use of non-GAAP financial measures Adjusted total risk-based capital

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![](a1q26fbkearningspresenta026.jpg)

25 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)

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![](a1q26fbkearningspresenta027.jpg)

26 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)

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![](a1q26fbkearningspresenta028.jpg)

27 GAAP reconciliations and use of non-GAAP financial measures Banking segment core efficiency ratio (tax-equivalent basis)

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![](a1q26fbkearningspresenta029.jpg)

28 GAAP reconciliations and use of non-GAAP financial measures Mortgage segment core efficiency ratio (tax-equivalent basis)

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![](a1q26fbkearningspresenta030.jpg)

29 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures

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![](a1q26fbkearningspresenta031.jpg)

30 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures

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![](a1q26fbkearningspresenta032.jpg)

31 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures

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![](a1q26fbkearningspresenta033.jpg)

32 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures

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![](a1q26fbkearningspresenta034.jpg)

33 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures

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![](a1q26fbkearningspresenta035.jpg)

34 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures

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