# EDGAR Filing Document

**Accession Number:** 0001649749
**File Stem:** 0001649749-25-000208
**Filing Date:** 2025-10
**Character Count:** 179741
**Document Hash:** 2a6421c220d54450a7ca21ccfccb04b9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001649749-25-000208.hdr.sgml**: 20251014

**ACCESSION NUMBER**: 0001649749-25-000208

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 52

**CONFORMED PERIOD OF REPORT**: 20251014

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

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20251014

**DATE AS OF CHANGE**: 20251014

**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:** 251389408

**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-20251014

**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): October 14, 2025

**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:

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| | | |
|:---|:---|:---|
| 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 October 14, 2025, FB Financial Corporation ("***FB Financial***") issued a press release announcing its financial results for the third quarter ended September 30, 2025 (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 October 14, 2025, FB Financial will host a conference call to discuss financial results for the quarter ended September 30, 2025.

On October 14, 2025, FB Financial made available on its website (investors.firstbankonline.com) supplemental financial information for the third quarter ended September 30, 2025 (the "***Financial Supplement***") and an earnings release presentation (the "***Earnings Presentation***") containing additional information about FB Financial's financial results for the quarter ended September 30, 2025.

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](a3q25pressreleasetablesfor.htm)</u> | <u>[Earnings Release issued October 14, 2025](a3q25pressreleasetablesfor.htm)</u> |
| <u>[99.2](a3q25supplementalfinancial.htm)</u> | <u>[Financial Supplement for the quarter ended September 30, 2025](a3q25supplementalfinancial.htm)</u> |
| <u>[99.3](a3q25fbkearningspresenta.htm)</u> | <u>[Earnings Presentation dated October 14, 2025](a3q25fbkearningspresenta.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL document) |

---

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**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: October 14, 2025 |  |  |

---

## Exhibit 99.1

![fb_suppa01a.jpg](fb_suppa01a.jpg)

**FB Financial Corporation Reports Third Quarter 2025 Financial Results**

**Reports Q3 Diluted EPS of $0.43, Adjusted Diluted EPS\* of $1.07** 

NASHVILLE, TENNESSEE—October 14, 2025—FB Financial Corporation (the "Company") (NYSE: FBK), parent company of FirstBank, reported net income of $23.4 million, or $0.43 per diluted common share, for the third quarter of 2025, compared to $0.06 in the previous quarter and $0.22 in the third quarter of last year. Adjusted net income\* was $57.6 million, or $1.07 per diluted common share, compared to $0.88 in the previous quarter and $0.86 in the third quarter of last year. The Company reported adjusted pre-tax, pre-provision net revenue\* of $81.0 million for the third quarter of 2025, reflecting increases of 38.1% and 50.6% from $58.6 million and $53.8 million in the previous quarter and third quarter of last year, respectively.

The Company ended the third quarter of 2025 with loans held for investment ("HFI") of $12.30 billion compared to $9.87 billion at the end of the previous quarter and $9.48 billion at the end of the third quarter of last year. Deposits were $13.81 billion as of September 30, 2025, compared to $11.40 billion as of June 30, 2025, and $10.98 billion as of September 30, 2024. The main driver of the increases in both loans HFI and deposits stemmed from the merger with Southern States Bancshares, Inc. ("Southern States") which closed on July 1, 2025. Net interest margin ("NIM") was 3.95% for the third quarter of 2025, compared to 3.68% in the prior quarter and 3.55% in the third quarter of 2024. The Company ended the quarter with book value per common share of $37.00 and tangible book value per common share\* of $29.83.

President and Chief Executive Officer, Christopher T. Holmes stated, "The Company has aggressive goals in both growth and profitability, and when we assess the year-to-date, I'm proud to say we've delivered. We've taken deliberate steps to align and optimize both sides of the balance sheet, establishing a strong foundation for future growth and driving a healthy margin. Additionally, the successful close and conversion of our combination with Southern States marks a significant milestone for our Company. Our team remains focused on disciplined capital management and investing in our future, all with the goal of delivering top-tier returns. As we look ahead to the fourth quarter, we see continuing opportunity to build on this momentum and further elevate the value we provide to our customers and shareholders."

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Annualized** | |
| *(dollars in thousands, except share data)* | **Sep 2025** | **Jun 2025** | **Sep 2024** | **Sep 25 / Jun 25% Change** | **Sep 25 / Sep 24% Change** |
| **<u>Balance Sheet Highlights</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment securities, at fair value | $1428401 | $1337565 | $1567922 | 26.9% | (8.90)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans held for sale | 167449 | 144212 | 103145 | 63.9% | 62.3% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans HFI | 12297600 | 9874282 | 9478129 | 97.4% | 29.7% |
| &nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on loans HFI | (184993) | (148948) | (156260) | 96.0% | 18.4% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | 16236459 | 13354238 | 12920222 | 85.6% | 25.7% |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits (non-brokered) | 10634555 | 8692848 | 8230867 | 88.6% | 29.2% |
| &nbsp;&nbsp;&nbsp;&nbsp; Brokered deposits | 487765 | 518719 | 519200 | (23.7)% | (6.05)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Noninterest-bearing deposits | 2690635 | 2191903 | 2226144 | 90.3% | 20.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total deposits | 13812955 | 11403470 | 10976211 | 83.8% | 25.8% |
| &nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 213638 | 164485 | 182107 | 118.6% | 17.3% |
| &nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on unfunded<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; commitments | 17392 | 12932 | 6042 | 136.8% | 187.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total common shareholders' equity | 1978043 | 1611130 | 1562329 | 90.4% | 26.6% |
| Book value per common share | $37.00 | $35.17 | $33.48 | 20.6% | 10.5% |
| Tangible book value per common share\* | $29.83 | $29.78 | $28.15 | 0.67% | 5.97% |
| Total common shareholders' equity to total assets | 12.2% | 12.1% | 12.1% |  |  |
| Tangible common equity to tangible assets\* | 10.1% | 10.4% | 10.4% |  |  |
| *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Third Quarter 2025 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 Third Quarter 2025 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 Third Quarter 2025 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 Third Quarter 2025 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 Third Quarter 2025 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 Third Quarter 2025 Financial Supplement.* |

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**FB Financial Corporation**

Third Quarter 2025 Results

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| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| *(dollars in thousands, except share data)* | **Sep 2025** | **Jun 2025** | **Sep 2024** |
| **<u>Statement of Income Highlights</u>** |  |  |  |
| Net interest income | $147240 | $111415 | $106017 |
| *&nbsp;&nbsp;&nbsp;&nbsp; NIM* | 3.95% | 3.68% | 3.55% |
| Noninterest income (loss) | $26635 | $(34552) | $(16497) |
| *&nbsp;&nbsp;&nbsp;&nbsp; Gain (loss) from securities, net* | $12 | $(60549) | $(40165) |
| *&nbsp;&nbsp;&nbsp;&nbsp; (Loss) gain 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* | $(646) | $236 | $(289) |
| Total revenue | $173875 | $76863 | $89520 |
| Noninterest expense | $109856 | $81261 | $76212 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Loss on lease terminations and other branch closure costs* | $270 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;*Merger and integration costs* | $16057 | $401 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;*Efficiency ratio* | 63.2% | 105.7% | 85.1% |
| *&nbsp;&nbsp;&nbsp;&nbsp; Core efficiency ratio\** | 53.3% | 56.9% | 58.4% |
| Pre-tax, pre-provision net revenue | $64019 | $(4398) | $13308 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Adjusted pre-tax, pre-provision net revenue\** | $80980 | $58649 | $53762 |
| Provisions for credit losses | $34417 | $5337 | $1914 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Net charge-offs ratio* | 0.05% | 0.02% | 0.03% |
| Net income applicable to FB Financial Corporation | $23375 | $2909 | $10220 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings per common share | $0.43 | $0.06 | $0.22 |
| *&nbsp;&nbsp;&nbsp;&nbsp; Effective tax rate*<sup>(a)</sup> | 21.0% | 130.0% | 10.3% |
| Adjusted net income\* | $57606 | $40821 | $40132 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Adjusted diluted earnings per common share\** | $1.07 | $0.88 | $0.86 |
| Weighted average number of shares outstanding - fully diluted | 53957062 | 46179090 | 46803330 |
| **<u>Returns on average:</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average total assets ("ROAA") | 0.58% | 0.09% | 0.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted\* | 1.43% | 1.26% | 1.25% |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average shareholders' equity | 4.69% | 0.74% | 2.67% |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average tangible common equity ("ROATCE")**\*** | 5.82% | 0.87% | 3.19% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted\* | 14.7% | 12.4% | 12.7% |
| *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Third Quarter 2025 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 Third Quarter 2025 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 Third Quarter 2025 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 Third Quarter 2025 Financial Supplement.* |
| *(a) The effective tax rate for the three months ended June 30, 2025, reflects a $60.5 million loss on sale of securities and $10.7 million in one-time income tax benefit due to the expiration of the statute of limitations with respect to an amended income tax return and the associated interest.* | *(a) The effective tax rate for the three months ended June 30, 2025, reflects a $60.5 million loss on sale of securities and $10.7 million in one-time income tax benefit due to the expiration of the statute of limitations with respect to an amended income tax return and the associated interest.* | *(a) The effective tax rate for the three months ended June 30, 2025, reflects a $60.5 million loss on sale of securities and $10.7 million in one-time income tax benefit due to the expiration of the statute of limitations with respect to an amended income tax return and the associated interest.* | *(a) The effective tax rate for the three months ended June 30, 2025, reflects a $60.5 million loss on sale of securities and $10.7 million in one-time income tax benefit due to the expiration of the statute of limitations with respect to an amended income tax return and the associated interest.* |

---

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

The Company reported loans HFI of $12.30 billion at the end of the third quarter of 2025, compared to $9.87 billion at the end of the prior quarter. Excluding acquired loans, loans HFI increased by $156.8 million from the second quarter to the third quarter, or 5.12% annualized.

The Company reported total deposits of $13.81 billion at the end of the third quarter compared to $11.40 billion at the end of the second quarter. Excluding acquired deposits, deposits decreased by $59.0 million during the quarter, or 1.69% annualized. Total cost of deposits increased slightly to 2.53% during the third quarter compared to 2.48% in the second quarter of 2025. The increase in cost was primarily due to higher-rate deposits acquired in the Southern States merger. Noninterest-bearing deposits were $2.69 billion at the end of the quarter compared to $2.19 billion at the end of the second quarter of 2025.

The Company reported net interest income on a tax-equivalent basis in the third quarter of 2025 of $148.1 million compared to $112.2 million in the prior quarter. NIM increased to 3.95% for the third quarter of 2025 from 3.68% for the previous quarter. NIM improvement was driven by an increase in yields on earning assets of 36 basis points and slightly offset by an increase in rates paid on interest-bearing liabilities of 8 basis points. Net accretion from purchase accounting adjustments increased margin by 19 basis points in the third quarter of 2025. This net accretion impact reflects $7.0 million in interest income from accretion on loans HFI and $0.8 million in interest expense from amortization on deposits and debt. NIM saw an incrementally positive impact from the September redemption of subordinated and trust preferred debt, with full benefits expected in the fourth quarter.

The contractual yield on loans HFI increased to 6.45% from 6.34% in the second quarter of 2025 and the cost of interest-bearing deposits increased to 3.16% from 3.10% in the previous quarter.

Holmes continued, "In the third quarter, we saw meaningful margin improvement driven by several strategic actions, most notably the combination of balance sheets from our merger, investment portfolio restructuring in the previous quarter, debt redemption and disciplined management of deposit costs. Loan growth came in within our targeted range, even after a busy

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**FB Financial Corporation**

Third Quarter 2025 Results

quarter bringing FirstBank and Southern States together into one organization. Our continued focus remains on building strong, lasting customer relationships that lead to compounding growth and long-term financial success."

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

Core noninterest income\* was $27.3 million for the third quarter of 2025, compared to $25.8 million and $24.0 million for the prior quarter and third quarter of 2024, respectively.

Mortgage banking income was $13.5 million in the third quarter of 2025, compared to $13.0 million in the prior quarter and $11.6 million in the third quarter of 2024.

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

Core noninterest expense\* during the third quarter of 2025 was $93.5 million compared to $78.5 million for the prior quarter and $76.2 million for the third quarter of 2024. The increase primarily reflects higher operating costs following the Southern States combination, including increases in compensation and occupancy expense associated with a larger organization. During the third quarter of 2025, the Company's core efficiency ratio\*<sup>1</sup> was 53.3%, compared to 56.9% in the previous quarter and 58.4% in the third quarter of 2024. These improvements reflect additional operating leverage despite higher expenses.

Chief Financial Officer Michael Mettee commented, "We're continuing to build scale and improve profitability, boosted by the strategic combination with Southern States and disciplined operational management. We've built a solid foundation, and we expect to carry momentum into the fourth quarter and beyond with a focus on driving performance and delivering results."

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

In the third quarter, the Company recorded a total provision for credit losses of $34.5 million, including $30.0 million related to loans HFI and $4.5 million associated with unfunded loan commitments. Of the total provision expense, $25.1 million was attributable to the day one allowance on non-PCD loans and $3.2 million to the day one reserve on unfunded commitments acquired through the Southern States combination. At the end of the third quarter of 2025, the Company had an allowance for credit losses on loans HFI of $185.0 million, representing 1.50% of loans HFI compared to $148.9 million, or 1.51% of loans HFI, at the end of the prior quarter.

The Company had net charge-offs of $1.4 million in the third quarter of 2025, representing annualized net charge-offs of 0.05% of average loans HFI, compared to 0.02% in the prior quarter and 0.03% in the third quarter of 2024.

The Company's nonperforming loans HFI as a percentage of total loans HFI decreased to 0.94% as of the end of the third quarter of 2025, compared to 0.97% in the prior quarter and 0.96% in the third quarter of 2024. Nonperforming assets as a percentage of total assets decreased to 0.89% as of the end of the third quarter of 2025, compared to 0.92% at the end of the prior quarter and 0.99% as of the end of the third quarter of 2024.

Holmes commented, "Credit quality remained stable throughout the quarter, with charge-offs continuing to be minimal. We've maintained appropriate reserves ensuring we're well-positioned should economic conditions begin to shift. Our approach remains grounded in sound risk management and a commitment to long-term resilience."

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

The Company maintained its strong capital position in the third quarter, resulting in a preliminary total risk-based capital ratio of 13.5%, preliminary common equity tier 1 ratio of 11.7% and tangible common equity to tangible assets ratio\* of 10.1%. The Company repurchased 493,243 shares during the quarter.

Holmes continued, "Maintaining a strong capital position is essential to achieving our long-term objectives. We continue to build capital deliberately, so when the right opportunities present themselves, we're ready to act decisively."

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

Holmes finalized, "The Company is operating from a position of strength. Our merger with Southern States has progressed smoothly, but our work doesn't stop there; we remain focused on serving customers and building new relationships. We are committed to excellence in everything we do, leading with the customer experience and driving strong 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 Third Quarter 2025 Financial Supplement.*

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**FB Financial Corporation**

Third Quarter 2025 Results

**WEBCAST AND CONFERENCE CALL INFORMATION**

FB Financial Corporation will host a conference call to discuss the Company's financial results on October 14, 2025, at 8:00 a.m. (Central Time). To listen to the call, participants should dial 1-877-883-0383 (confirmation code 2084562) approximately 10 minutes prior to the call. A telephonic replay will be available approximately two hours after the call through October 21, 2025, by dialing 1-877-344-7529 and entering confirmation code 7700249.

A live online broadcast of the Company's quarterly conference call will be available online at https://event.choruscall.com/mediaframe/webcast.html?webcastid=Wck8WzHP. 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 $16.2 billion in total assets and operates 91 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 Third Quarter 2025 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 Third Quarter 2025 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 October 14, 2025.

**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 and statements regarding the merger of Southern States Bancshares, Inc. ("Southern States") with the Company (the "Merger") and expectations with regard to the benefits of the Merger. 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) risks associated with the Merger, including (a) the risk that the cost savings and any revenue synergies from the Merger is less than or different from expectations, (b) disruption from the Merger with customer, supplier, or employee relationships,(c) the possibility that the costs, fees, expenses and charges related to the Merger may be greater than anticipated, including as a result of unexpected or unknown factors, events, or liabilities, (d) the risks related to the integration of the combined businesses, including the risk that the integration will be materially delayed or will be more costly or difficult than expected, (e) the diversion of management time on merger-related issues, (f) the ability of the Company to effectively manage the

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**FB Financial Corporation**

Third Quarter 2025 Results

larger and more complex operations of the combined company following the Merger, (g) the risk of expansion into new geographic or product markets, (h) reputational risk and the reaction of the parties' customers to the Merger, (i) the Company's ability to successfully execute its various business strategies, including its ability to execute on potential acquisition opportunities, and (j) the risk of potential litigation or regulatory action related to the Merger, (7) the Company's ability to identify potential candidates for, consummate, and achieve synergies from, other potential future acquisitions, (8) 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, (9) the Company's ability to successfully execute its various business strategies, (10) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (11) 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, (12) the Company's dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (13) the impact, extent and timing of technological changes, (14) concentrations of credit or deposit exposure, (15) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (16) 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 (17) 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, 2024, 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 core revenue, consolidated core and segment noninterest expense and consolidated core noninterest income, consolidated core 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 non-core/adjusted in nature. The Company refers to these non-GAAP measures as adjusted (or core) 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-core 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.

-MORE-

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**FB Financial Corporation**

Third Quarter 2025 Results

A reconciliation of these measures to the most directly comparable GAAP financial measures is included in the Company's Third Quarter 2025 Financial Supplement, which is available at <u>https://investors.firstbankonline.com</u>.

-MORE-

------

**FB Financial Corporation**

Third Quarter 2025 Results

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| | | | |
|:---|:---|:---|:---|
| **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** |
|  | **Sep 2025** | **Jun 2025** | **Sep 2024** |
| **Selected Balance Sheet Data** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1280033 | $1165729 | $951750 |
| &nbsp;&nbsp;&nbsp;Investment securities, at fair value | 1428401 | 1337565 | 1567922 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 167449 | 144212 | 103145 |
| &nbsp;&nbsp;&nbsp;Loans HFI | 12297600 | 9874282 | 9478129 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI | (184993) | (148948) | (156260) |
| &nbsp;&nbsp;&nbsp;Total assets | 16236459 | 13354238 | 12920222 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits (non-brokered) | 10634555 | 8692848 | 8230867 |
| &nbsp;&nbsp;&nbsp;Brokered deposits | 487765 | 518719 | 519200 |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 2690635 | 2191903 | 2226144 |
| &nbsp;&nbsp;&nbsp;Total deposits | 13812955 | 11403470 | 10976211 |
| &nbsp;&nbsp;&nbsp;Borrowings | 213638 | 164485 | 182107 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on unfunded commitments | 17392 | 12932 | 6042 |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1978043 | 1611130 | 1562329 |
| **Selected Statement of Income Data** |  |  |  |
| &nbsp;&nbsp;&nbsp;Total interest income | $236898 | $182084 | $185628 |
| &nbsp;&nbsp;&nbsp;Total interest expense | 89658 | 70669 | 79611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 147240 | 111415 | 106017 |
| &nbsp;&nbsp;&nbsp;Total noninterest income (loss) | 26635 | (34552) | (16497) |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 109856 | 81261 | 76212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings (losses) before income taxes and provisions for credit losses | 64019 | (4398) | 13308 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 34417 | 5337 | 1914 |
| &nbsp;&nbsp;&nbsp;Income tax expense (benefit) | 6227 | (12652) | 1174 |
| &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 | $23375 | $2909 | $10220 |
| &nbsp;&nbsp;&nbsp;Net interest income (tax-equivalent basis) | $148088 | $112236 | $106634 |
| &nbsp;&nbsp;&nbsp;Adjusted net income\* | $57606 | $40821 | $40132 |
| &nbsp;&nbsp;&nbsp;Adjusted pre-tax, pre-provision net revenue\* | $80980 | $58649 | $53762 |
| **Per Common Share** |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted net income | $0.43 | $0.06 | $0.22 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted net income\* | 1.07 | 0.88 | 0.86 |
| &nbsp;&nbsp;&nbsp;Book value | 37.00 | 35.17 | 33.48 |
| &nbsp;&nbsp;&nbsp;Tangible book value\* | 29.83 | 29.78 | 28.15 |
| &nbsp;&nbsp;&nbsp;Weighted average number of shares outstanding - fully diluted | 53957062 | 46179090 | 46803330 |
| &nbsp;&nbsp;&nbsp;Period-end number of shares | 53456522 | 45807689 | 46658019 |
| **Selected Ratios** |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets | 0.58% | 0.09% | 0.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | 4.69% | 0.74% | 2.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity\* | 5.82% | 0.87% | 3.19% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 63.2% | 105.7% | 85.1% |
| &nbsp;&nbsp;&nbsp;Core efficiency ratio (tax-equivalent basis)\* | 53.3% | 56.9% | 58.4% |
| &nbsp;&nbsp;&nbsp;Loans HFI to deposit ratio | 89.0% | 86.6% | 86.4% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits to total deposits | 19.5% | 19.2% | 20.3% |
| &nbsp;&nbsp;&nbsp;Net interest margin (tax-equivalent basis) | 3.95% | 3.68% | 3.55% |
| &nbsp;&nbsp;&nbsp;Yield on interest-earning assets | 6.35% | 5.99% | 6.20% |
| &nbsp;&nbsp;&nbsp;Cost of interest-bearing liabilities | 3.21% | 3.13% | 3.63% |
| &nbsp;&nbsp;&nbsp;Cost of total deposits | 2.53% | 2.48% | 2.83% |
| **Credit Quality Ratios** |  |  |  |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.50% | 1.51% | 1.65% |
| &nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.05% | 0.02% | 0.03% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans HFI as a percentage of loans HFI | 0.94% | 0.97% | 0.96% |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percentage of total assets | 0.89% | 0.92% | 0.99% |
| **Preliminary Capital Ratios (consolidated)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity to assets | 12.2% | 12.1% | 12.1% |
| &nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets\* | 10.1% | 10.4% | 10.4% |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage | 10.7% | 11.3% | 11.5% |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital  | 11.7% | 12.6% | 13.0% |
| &nbsp;&nbsp;&nbsp;Total risk-based capital  | 13.5% | 14.7% | 15.1% |
| &nbsp;&nbsp;&nbsp;Common equity Tier 1  | 11.7% | 12.3% | 12.7% |

---

*\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Third Quarter 2025 Financial Supplement.*

-END-

## Exhibit 99.2

![logoa07.jpg](logoa07.jpg)

**Third Quarter 2025**

**Financial Supplement**

------

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| | **<u>Page</u>** |
| Financial Summary and Key Metrics | [4](#ida4ce5fc3f644c6ca132327a5a2c37c2_10) |
| Consolidated Statements of Income | [5](#ida4ce5fc3f644c6ca132327a5a2c37c2_13) |
| Consolidated Balance Sheets | [7](#ida4ce5fc3f644c6ca132327a5a2c37c2_19) |
| Average Balance and Interest Yield/Rate Analysis | [8](#ida4ce5fc3f644c6ca132327a5a2c37c2_22) |
| Southern States Bancshares Inc. Opening Balance Sheet (Preliminary) | [11](#ida4ce5fc3f644c6ca132327a5a2c37c2_55) |
| Investments and Other Sources of Liquidity | [12](#ida4ce5fc3f644c6ca132327a5a2c37c2_28) |
| Loan Portfolio | [13](#ida4ce5fc3f644c6ca132327a5a2c37c2_31) |
| Asset Quality | [14](#ida4ce5fc3f644c6ca132327a5a2c37c2_34) |
| Selected Deposit Data | [15](#ida4ce5fc3f644c6ca132327a5a2c37c2_37) |
| Preliminary Capital Ratios | [16](#ida4ce5fc3f644c6ca132327a5a2c37c2_40) |
| Segment Data | [17](#ida4ce5fc3f644c6ca132327a5a2c37c2_43) |
| Non-GAAP Reconciliations | [18](#ida4ce5fc3f644c6ca132327a5a2c37c2_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 core revenue, consolidated and segment core noninterest expense and core noninterest income, consolidated and segment core 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 non-core/adjusted in nature. The Company refers to these non-GAAP measures as adjusted (or core) 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-core 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** |
|  | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** |
| **Selected Balance Sheet Data** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1280033 | $1165729 | $794706 | $1042488 | $951750 |
| &nbsp;&nbsp;&nbsp;Investment securities, at fair value | 1428401 | 1337565 | 1580720 | 1538008 | 1567922 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 167449 | 144212 | 172770 | 126760 | 103145 |
| &nbsp;&nbsp;&nbsp;Loans HFI | 12297600 | 9874282 | 9771536 | 9602384 | 9478129 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI | (184993) | (148948) | (150531) | (151942) | (156260) |
| &nbsp;&nbsp;&nbsp;Total assets | 16236459 | 13354238 | 13136449 | 13157482 | 12920222 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits (non-brokered) | 10634555 | 8692848 | 8623636 | 8625113 | 8230867 |
| &nbsp;&nbsp;&nbsp;Brokered deposits | 487765 | 518719 | 414428 | 469089 | 519200 |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 2690635 | 2191903 | 2163934 | 2116232 | 2226144 |
| &nbsp;&nbsp;&nbsp;Total deposits | 13812955 | 11403470 | 11201998 | 11210434 | 10976211 |
| &nbsp;&nbsp;&nbsp;Borrowings | 213638 | 164485 | 168944 | 176789 | 182107 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on unfunded commitments | 17392 | 12932 | 6493 | 6107 | 6042 |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1978043 | 1611130 | 1601962 | 1567538 | 1562329 |
| **Selected Statement of Income Data** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total interest income | $236898 | $182084 | $179706 | $186369 | $185628 |
| &nbsp;&nbsp;&nbsp;Total interest expense | 89658 | 70669 | 72065 | 77988 | 79611 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 147240 | 111415 | 107641 | 108381 | 106017 |
| &nbsp;&nbsp;&nbsp;Total noninterest income (loss) | 26635 | (34552) | 23032 | 21997 | (16497) |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 109856 | 81261 | 79549 | 73174 | 76212 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings (losses) before income taxes and provisions for credit <br> losses | 64019 | (4398) | 51124 | 57204 | 13308 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 34417 | 5337 | 2292 | 7084 | 1914 |
| &nbsp;&nbsp;&nbsp;Income tax expense (benefit) | 6227 | (12652) | 9471 | 12226 | 1174 |
| &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 | $23375 | $2909 | $39361 | $37886 | $10220 |
| &nbsp;&nbsp;&nbsp;Net interest income (tax-equivalent basis) | $148088 | $112236 | $108427 | $109004 | $106634 |
| &nbsp;&nbsp;&nbsp;Adjusted net income\* | $57606 | $40821 | $40108 | $39835 | $40132 |
| &nbsp;&nbsp;&nbsp;Adjusted pre-tax, pre-provision net revenue\* | $80980 | $58649 | $52134 | $59829 | $53762 |
| **Per Common Share** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted net income | $0.43 | $0.06 | $0.84 | $0.81 | $0.22 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted net income\* | 1.07 | 0.88 | 0.85 | 0.85 | 0.86 |
| &nbsp;&nbsp;&nbsp;Book value | 37.00 | 35.17 | 34.44 | 33.59 | 33.48 |
| &nbsp;&nbsp;&nbsp;Tangible book value\* | 29.83 | 29.78 | 29.12 | 28.27 | 28.15 |
| &nbsp;&nbsp;&nbsp;Weighted average number of shares outstanding - fully diluted | 53957062 | 46179090 | 47024211 | 46862935 | 46803330 |
| &nbsp;&nbsp;&nbsp;Period-end number of shares | 53456522 | 45807689 | 46514547 | 46663120 | 46658019 |
| **Selected Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets | 0.58% | 0.09% | 1.21% | 1.14% | 0.32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | 4.69% | 0.74% | 10.1% | 9.63% | 2.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity\* | 5.82% | 0.87% | 11.9% | 11.5% | 3.19% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 63.2% | 105.7% | 60.9% | 56.1% | 85.1% |
| &nbsp;&nbsp;&nbsp;Core efficiency ratio (tax-equivalent basis)\* | 53.3% | 56.9% | 59.9% | 54.6% | 58.4% |
| &nbsp;&nbsp;&nbsp;Loans HFI to deposit ratio | 89.0% | 86.6% | 87.2% | 85.7% | 86.4% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits to total deposits | 19.5% | 19.2% | 19.3% | 18.9% | 20.3% |
| &nbsp;&nbsp;&nbsp;Net interest margin (NIM) (tax-equivalent basis) | 3.95% | 3.68% | 3.55% | 3.50% | 3.55% |
| &nbsp;&nbsp;&nbsp;Yield on interest-earning assets | 6.35% | 5.99% | 5.91% | 6.01% | 6.20% |
| &nbsp;&nbsp;&nbsp;Cost of interest-bearing liabilities | 3.21% | 3.13% | 3.16% | 3.40% | 3.63% |
| &nbsp;&nbsp;&nbsp;Cost of total deposits | 2.53% | 2.48% | 2.54% | 2.70% | 2.83% |
| **Credit Quality Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.50% | 1.51% | 1.54% | 1.58% | 1.65% |
| &nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.05% | 0.02% | 0.14% | 0.47% | 0.03% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans HFI as a percentage of loans HFI | 0.94% | 0.97% | 0.79% | 0.87% | 0.96% |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percentage of total assets | 0.89% | 0.92% | 0.84% | 0.93% | 0.99% |
| **Preliminary Capital Ratios (consolidated)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity to assets | 12.2% | 12.1% | 12.2% | 11.9% | 12.1% |
| &nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets\* | 10.1% | 10.4% | 10.5% | 10.2% | 10.4% |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage | 10.7% | 11.3% | 11.4% | 11.3% | 11.5% |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital | 11.7% | 12.6% | 13.1% | 13.1% | 13.0% |
| &nbsp;&nbsp;&nbsp;Total risk-based capital | 13.5% | 14.7% | 15.2% | 15.2% | 15.1% |
| &nbsp;&nbsp;&nbsp;Common equity Tier 1 | 11.7% | 12.3% | 12.8% | 12.8% | 12.7% |

---

*\*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)* |
|  |  |  |  |  |  | **Sep 2025** | **Sep 2025** |
|  |  |  |  |  |  | **vs.** | **vs.** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Jun 2025** | **Sep 2024** |
|  | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Percent variance** | **Percent variance** |
| Interest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans | $209307 | $159697 | $153185 | $156792 | $158625 | 31.1% | 32.0% |
| &nbsp;&nbsp;&nbsp;Interest on investment securities |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 14395 | 14661 | 14471 | 15043 | 13943 | (1.81)% | 3.24% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 1058 | 1036 | 1033 | 1035 | 1104 | 2.12% | (4.17)% |
| &nbsp;&nbsp;&nbsp;Other | 12138 | 6690 | 11017 | 13499 | 11956 | 81.4% | 1.52% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 236898 | 182084 | 179706 | 186369 | 185628 | 30.1% | 27.6% |
| Interest expense: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 86577 | 68568 | 70249 | 76131 | 76088 | 26.3% | 13.8% |
| &nbsp;&nbsp;&nbsp;Borrowings | 3081 | 2101 | 1816 | 1857 | 3523 | 46.6% | (12.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 89658 | 70669 | 72065 | 77988 | 79611 | 26.9% | 12.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 147240 | 111415 | 107641 | 108381 | 106017 | 32.2% | 38.9% |
| Provision for (reversal of) credit losses on loans HFI | 29957 | (1102) | 1906 | 7019 | 1856 | NM | NM |
| Provision for credit losses on unfunded commitments | 4460 | 6439 | 386 | 65 | 58 | (30.7)% | NM |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provisions for credit <br> losses | 112823 | 106078 | 105349 | 101297 | 104103 | 6.36% | 8.38% |
| Noninterest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 13484 | 13029 | 12426 | 10586 | 11553 | 3.49% | 16.7% |
| &nbsp;&nbsp;&nbsp;Investment services and trust income | 4227 | 3922 | 3711 | 3853 | 3721 | 7.78% | 13.6% |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 4049 | 3392 | 3479 | 3548 | 3378 | 19.4% | 19.9% |
| &nbsp;&nbsp;&nbsp;ATM and interchange fees | 3388 | 2878 | 2677 | 2867 | 2840 | 17.7% | 19.3% |
| &nbsp;&nbsp;&nbsp;Gain (loss) from securities, net | 12 | (60549) | 16 |  | (40165) | NM | (100.0)% |
| &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 | (646) | 236 | (625) | (2162) | (289) | (373.7)% | 123.5% |
| &nbsp;&nbsp;&nbsp;Other income | 2121 | 2540 | 1348 | 3305 | 2465 | (16.5)% | (14.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income (loss) | 26635 | (34552) | 23032 | 21997 | (16497) | (177.1)% | (261.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Total revenue* | *173875* | *76863* | *130673* | *130378* | *89520* | 126.2% | 94.2% |
| Noninterest expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 59210 | 46631 | 48351 | 45432 | 47538 | 27.0% | 24.6% |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 16057 | 2734 | 401 |  |  | 487.3% | 100.0% |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment expense | 7539 | 6710 | 6597 | 6668 | 6640 | 12.4% | 13.5% |
| &nbsp;&nbsp;&nbsp;Advertising | 2453 | 2178 | 2487 | 2030 | 1947 | 12.6% | 26.0% |
| &nbsp;&nbsp;&nbsp;Data processing | 2457 | 2161 | 2313 | 2462 | 2486 | 13.7% | (1.17)% |
| &nbsp;&nbsp;&nbsp;Amortization of core deposits and other intangibles | 2079 | 631 | 656 | 687 | 719 | 229.5% | 189.2% |
| &nbsp;&nbsp;&nbsp;Legal and professional fees | 1227 | 2426 | 1992 | 1881 | 1900 | (49.4)% | (35.4)% |
| &nbsp;&nbsp;&nbsp;Other expense | 18834 | 17790 | 16752 | 14014 | 14982 | 5.87% | 25.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 109856 | 81261 | 79549 | 73174 | 76212 | 35.2% | 44.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | 29602 | (9735) | 48832 | 50120 | 11394 | (404.1)% | 159.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expense (benefit) | 6227 | (12652) | 9471 | 12226 | 1174 | (149.2)% | 430.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial <br>Corporation and noncontrolling interest | 23375 | 2917 | 39361 | 37894 | 10220 | 701.3% | 128.7% |
| &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 | $23375 | $2909 | $39361 | $37886 | $10220 | 703.5% | 128.7% |
| Weighted average common shares outstanding: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 53627997 | 45946428 | 46674698 | 46662772 | 46650563 | 16.7% | 15.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 53957062 | 46179090 | 47024211 | 46862935 | 46803330 | 16.8% | 15.3% |
| Earnings per common share: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.44 | $0.06 | $0.84 | $0.81 | $0.22 | 633.3% | 100.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 0.43 | 0.06 | 0.84 | 0.81 | 0.22 | 616.7% | 95.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted - adjusted\* | 1.07 | 0.88 | 0.85 | 0.85 | 0.86 | 21.6% | 24.4% |

---

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

*NM- Not meaningful*

FB Financial Corporation 5

------

---

| | | | |
|:---|:---|:---|:---|
| **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** |
| **(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)* |
|  |  |  | **Sep 2025** |
|  |  |  | **vs.** |
|  | **Nine Months Ended** | **Nine Months Ended** | **Sep 2024** |
|  | **Sep 2025** | **Sep 2024** | **Percent variance** |
| Interest income: |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans | $522189 | $469610 | 11.2% |
| &nbsp;&nbsp;&nbsp;Interest on investment securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 43527 | 35014 | 24.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 3127 | 3714 | (15.8)% |
| &nbsp;&nbsp;&nbsp;Other | 29845 | 30831 | (3.20)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 598688 | 539169 | 11.0% |
| Interest expense: |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 225394 | 220214 | 2.35% |
| &nbsp;&nbsp;&nbsp;Borrowings | 6998 | 10833 | (35.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 232392 | 231047 | 0.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 366296 | 308122 | 18.9% |
| Provision for credit losses on loans HFI | 30761 | 7648 | 302.2% |
| Provision for (reversal of) credit losses on unfunded commitments | 11285 | (2728) | (513.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provisions for credit losses | 324250 | 303202 | 6.94% |
| Noninterest income: |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 38939 | 36048 | 8.02% |
| &nbsp;&nbsp;&nbsp;Investment services and trust income | 11860 | 10338 | 14.7% |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 10920 | 9686 | 12.7% |
| &nbsp;&nbsp;&nbsp;ATM and interchange fees | 8943 | 8598 | 4.01% |
| &nbsp;&nbsp;&nbsp;Loss from securities, net | (60521) | (56378) | 7.35% |
| &nbsp;&nbsp;&nbsp;Loss on sales or write-downs of premises and equipment, other real estate owned and other assets, net | (1035) | (5) | *NM* |
| &nbsp;&nbsp;&nbsp;Other income | 6009 | 8786 | (31.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 15115 | 17073 | (11.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Total revenue* | *381411* | *325195* | 17.3% |
| Noninterest expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 154192 | 138381 | 11.4% |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment expense | 20846 | 19582 | 6.45% |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 19192 |  | 100.0% |
| &nbsp;&nbsp;&nbsp;Advertising | 7118 | 4977 | 43.0% |
| &nbsp;&nbsp;&nbsp;Data processing | 6931 | 7180 | (3.47)% |
| &nbsp;&nbsp;&nbsp;Legal and professional fees | 5645 | 5798 | (2.64)% |
| &nbsp;&nbsp;&nbsp;Amortization of core deposit and other intangibles | 3366 | 2260 | 48.9% |
| &nbsp;&nbsp;&nbsp;Other expense | 53376 | 45547 | 17.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 270666 | 223725 | 21.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 68699 | 96550 | (28.8)% |
| &nbsp;&nbsp;&nbsp;Income tax expense | 3046 | 18393 | (83.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interest and FB Financial Corporation | 65653 | 78157 | (16.0)% |
| &nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interests | 8 | 8 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial Corporation | $65645 | $78149 | (16.0)% |
| Weighted average common shares outstanding: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 48775217 | 46762213 | 4.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 49054448 | 46874037 | 4.65% |
| Earnings per common share: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.35 | $1.67 | (19.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 1.34 | 1.67 | (19.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted - adjusted\* | 2.82 | 2.55 | 10.6% |

---

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

*NM- Not meaningful*

FB Financial Corporation 6

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |  |
|  |  |  |  |  |  | **Sep 2025** | **Sep 2025** |
|  |  |  |  |  |  | **vs.** | **vs.** |
|  | **As of** | **As of** | **As of** | **As of** | **As of** | **Jun 2025** | **Sep 2024** |
|  | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Percent variance** | **Percent variance** |
| **ASSETS** |  |  |  |  |  |  |  |
| Cash and due from banks | $154286 | $143317 | $149607 | $120153 | $126470 | 30.4% | 22.0% |
| Federal funds sold and reverse repurchase agreements | 283451 | 352124 | 109982 | 125825 | 97299 | (77.4)% | 191.3% |
| Interest-bearing deposits in financial institutions | 842296 | 670288 | 535117 | 796510 | 727981 | 101.8% | 15.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 1280033 | 1165729 | 794706 | 1042488 | 951750 | 38.9% | 34.5% |
| Investments: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Available-for-sale debt securities, at fair value | 1426951 | 1337565 | 1580720 | 1538008 | 1567922 | 26.5% | (8.99)% |
| &nbsp;&nbsp;&nbsp;Equity securities, at fair value | 1450 |  |  |  |  | (100.0)% | (100.0)% |
| &nbsp;&nbsp;&nbsp;Restricted equity securities, at cost | 36231 | 33626 | 32234 | 32749 | 32859 | 30.7% | 10.3% |
| Loans held for sale | 167449 | 144212 | 172770 | 126760 | 103145 | 63.9% | 62.3% |
| Loans held for investment | 12297600 | 9874282 | 9771536 | 9602384 | 9478129 | 97.4% | 29.7% |
| &nbsp;&nbsp;&nbsp;Less: allowance for credit losses on loans HFI | 184993 | 148948 | 150531 | 151942 | 156260 | 96.0% | 18.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans held for investment | 12112607 | 9725334 | 9621005 | 9450442 | 9321869 | 97.4% | 29.9% |
| Premises and equipment, net | 183595 | 147243 | 146272 | 148899 | 152572 | 97.9% | 20.3% |
| Other real estate owned, net | 4466 | 2998 | 3326 | 4409 | 3779 | 194.3% | 18.2% |
| Operating lease right-of-use assets | 51035 | 47764 | 47381 | 47963 | 47346 | 27.17% | 7.79% |
| Interest receivable | 60755 | 50386 | 51268 | 49611 | 52228 | 81.6% | 16.3% |
| Mortgage servicing rights, at fair value | 149840 | 153464 | 156379 | 162038 | 157097 | (9.37)% | (4.62)% |
| Goodwill | 350353 | 242561 | 242561 | 242561 | 242561 | 176.3% | 44.4% |
| Core deposit and other intangibles, net | 33216 | 4475 | 5106 | 5762 | 6449 | NM | 415.1% |
| Bank-owned life insurance | 113374 | 72686 | 72400 | 72504 | 72167 | 222.1% | 57.1% |
| Other assets | 265104 | 226195 | 210321 | 233288 | 208478 | 68.2% | 27.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $16236459 | $13354238 | $13136449 | $13157482 | $12920222 | 85.6% | 25.7% |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |  |  |  |  |  |
| Liabilities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $2690635 | $2191903 | $2163934 | $2116232 | $2226144 | 90.3% | 20.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | 2458625 | 2325551 | 2776958 | 2906425 | 2754253 | 22.7% | (10.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market and savings | 5968094 | 4645552 | 4482908 | 4338483 | 4098496 | 112.9% | 45.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 2206790 | 1721745 | 1363770 | 1380205 | 1378118 | 111.8% | 60.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 488811 | 518719 | 414428 | 469089 | 519200 | (22.9)% | (5.85)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 13812955 | 11403470 | 11201998 | 11210434 | 10976211 | 83.8% | 25.8% |
| &nbsp;&nbsp;&nbsp;Borrowings | 213638 | 164485 | 168944 | 176789 | 182107 | 118.6% | 17.3% |
| &nbsp;&nbsp;&nbsp;Operating lease liabilities | 62664 | 59289 | 59174 | 60024 | 59584 | 22.6% | 5.17% |
| &nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 169066 | 115771 | 104278 | 142604 | 139898 | 182.6% | 20.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 14258323 | 11743015 | 11534394 | 11589851 | 11357800 | 85.0% | 25.5% |
| Shareholders' equity: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $1 par value | 53457 | 45808 | 46515 | 46663 | 46658 | 66.2% | 14.6% |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 1163164 | 822548 | 854715 | 860266 | 858106 | 164.3% | 35.6% |
| &nbsp;&nbsp;&nbsp;Retained earnings | 799900 | 786785 | 792685 | 762293 | 732435 | 6.61% | 9.21% |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss, net | (38478) | (44011) | (91953) | (101684) | (74870) | (49.9)% | (48.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1978043 | 1611130 | 1601962 | 1567538 | 1562329 | 90.4% | 26.6% |
| &nbsp;&nbsp;&nbsp;Noncontrolling interest | 93 | 93 | 93 | 93 | 93 | —% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 1978136 | 1611223 | 1602055 | 1567631 | 1562422 | 90.3% | 26.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $16236459 | $13354238 | $13136449 | $13157482 | $12920222 | 85.6% | 25.7% |

---

*NM- Not Meaningful*

FB Financial Corporation 7

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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** |
|  | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 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> | $12189401 | $207423 | 6.75% | $9840932 | $157964 | 6.44% |
| Mortgage loans held for sale | 162205 | 2359 | 5.77% | 126072 | 2189 | 6.96% |
| Investment securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1304894 | 14395 | 4.38% | 1534895 | 14661 | 3.83% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 169523 | 1431 | 3.35% | 167675 | 1401 | 3.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1474417 | 15826 | 4.26% | 1702570 | 16062 | 3.78% |
| Federal funds sold and reverse repurchase agreements | 331029 | 3966 | 4.75% | 113252 | 1256 | 4.45% |
| Interest-bearing deposits with other financial institutions | 671634 | 7340 | 4.34% | 426073 | 4733 | 4.46% |
| Restricted equity securities, at cost | 36907 | 832 | 8.94% | 35623 | 701 | 7.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 14865593 | 237746 | 6.35% | 12244522 | 182905 | 5.99% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |
| Cash and due from banks | 139226 |  |  | 115717 |  |  |
| Allowance for credit losses on loans HFI | (181973) |  |  | (151586) |  |  |
| Other assets<sup>(c)(d)</sup> | 1184942 |  |  | 823837 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 1142195 |  |  | 787968 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $16007788 |  |  | $13032490 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing checking | $2331589 | $12383 | 2.11% | $2521239 | $15870 | 2.52% |
| &nbsp;&nbsp;&nbsp;Money market | 5561538 | 49019 | 3.50% | 4115987 | 34957 | 3.41% |
| &nbsp;&nbsp;&nbsp;Savings deposits | 406787 | 248 | 0.24% | 352307 | 98 | 0.11% |
| &nbsp;&nbsp;&nbsp;Customer time deposits | 1997905 | 18965 | 3.77% | 1404368 | 12454 | 3.56% |
| &nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 560127 | 5962 | 4.22% | 481686 | 5189 | 4.32% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 2558032 | 24927 | 3.87% | 1886054 | 17643 | 3.75% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 10857946 | 86577 | 3.16% | 8875587 | 68568 | 3.10% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 13144 | 31 | 0.94% | 11107 | 26 | 0.94% |
| &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% |
| &nbsp;&nbsp;&nbsp;Other borrowings | 1168 | 6 | 2.04% | 2294 | 4 | 0.70% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 210334 | 3081 | 5.81% | 167329 | 2101 | 5.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 11068280 | 89658 | 3.21% | 9042916 | 70669 | 3.13% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand deposits | 2724898 |  |  | 2206305 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 236732 |  |  | 200077 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2961630 |  |  | 2406382 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 14029910 |  |  | 11449298 |  |  |
| Total common shareholders' equity | 1977785 |  |  | 1583099 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 1977878 |  |  | 1583192 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $16007788 |  |  | $13032490 |  |  |
| Net interest income<sup>(b)</sup> |  | $148088 |  |  | $112236 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 3.14% |  |  | 2.86% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.95% |  |  | 3.68% |
| Cost of total deposits |  |  | 2.53% |  |  | 2.48% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 134.3% |  |  | 135.4% |
| Tax-equivalent adjustment |  | $848 |  |  | $821 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $198320 | 6.45% |  | $155697 | 6.34% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 1575 | 0.05% |  | 1945 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion (amortization) on purchased loans |  | 7025 | 0.23% |  | (62) | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 503 | 0.02% |  | 384 | 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% |

---

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

*(b) Includes tax-equivalent adjustment using combined marginal tax rate of 26.06%.*

*(c) Includes average net unrealized losses on investment securities available for sale of $64,781 and $128,818 for the three months ended September 30, 2025 and June 30, 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 and 25,159 for the three months ended September 30, 2025 and June 30, 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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---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |
|  | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **September 30, 2024** | **September 30, 2024** | **September 30, 2024** |
|  | **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> | $9621057 | $152174 | 6.41% | $9522996 | $155897 | 6.51% | $9362937 | $157751 | 6.70% |
| Mortgage loans held for sale | 93944 | 1433 | 6.19% | 71569 | 1153 | 6.41% | 66828 | 1102 | 6.56% |
| Investment securities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1541868 | 14471 | 3.81% | 1523297 | 15043 | 3.93% | 1487200 | 13943 | 3.73% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 167958 | 1397 | 3.37% | 168284 | 1400 | 3.31% | 181465 | 1493 | 3.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1709826 | 15868 | 3.76% | 1691581 | 16443 | 3.87% | 1668665 | 15436 | 3.68% |
| Federal funds sold and reverse repurchase agreements | 123390 | 1374 | 4.52% | 112388 | 1393 | 4.93% | 118715 | 1687 | 5.65% |
| Interest-bearing deposits with other financial institutions | 811216 | 8902 | 4.45% | 943638 | 11361 | 4.79% | 701666 | 9519 | 5.40% |
| Restricted equity securities, at cost | 32493 | 741 | 9.25% | 32773 | 745 | 9.04% | 32919 | 750 | 9.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 12391926 | 180492 | 5.91% | 12374945 | 186992 | 6.01% | 11951730 | 186245 | 6.20% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |  |  |  |
| Cash and due from banks | 123158 |  |  | 117819 |  |  | 131308 |  |  |
| Allowance for credit losses on loans HFI | (152234) |  |  | (155022) |  |  | (155665) |  |  |
| Other assets<sup>(c)(d)</sup> | 844119 |  |  | 856453 |  |  | 814577 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 815043 |  |  | 819250 |  |  | 790220 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $13206969 |  |  | $13194195 |  |  | $12741950 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | $2840211 | $18267 | 2.61% | $2837092 | $20957 | 2.94% | $2624046 | $20998 | 3.18% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 4083754 | 34360 | 3.41% | 3880258 | 35044 | 3.59% | 3802818 | 37574 | 3.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 353865 | 66 | 0.08% | 349912 | 62 | 0.07% | 357165 | 65 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 1373045 | 12702 | 3.75% | 1402300 | 14114 | 4.00% | 1349986 | 13479 | 3.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 443923 | 4854 | 4.43% | 518337 | 5954 | 4.57% | 322667 | 3972 | 4.90% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 1816968 | 17556 | 3.92% | 1920637 | 20068 | 4.16% | 1672653 | 17451 | 4.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 9094798 | 70249 | 3.13% | 8987899 | 76131 | 3.37% | 8456682 | 76088 | 3.58% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 11046 | 6 | 0.22% | 14791 | 16 | 0.43% | 21734 | 79 | 1.45% |
| &nbsp;&nbsp;&nbsp; Subordinated debt | 130755 | 1804 | 5.60% | 130658 | 1837 | 5.59% | 130561 | 1900 | 5.79% |
| &nbsp;&nbsp;&nbsp; Other borrowings | 1220 | 6 | 1.99% | 1245 | 4 | 1.28% | 125616 | 1544 | 4.89% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 143021 | 1816 | 5.15% | 146694 | 1857 | 5.04% | 277911 | 3523 | 5.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 9237819 | 72065 | 3.16% | 9134593 | 77988 | 3.40% | 8734593 | 79611 | 3.63% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand deposits | 2134924 |  |  | 2241492 |  |  | 2241512 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 250175 |  |  | 253514 |  |  | 242155 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2385099 |  |  | 2495006 |  |  | 2483667 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 11622918 |  |  | 11629599 |  |  | 11218260 |  |  |
| Total common shareholders' equity | 1583958 |  |  | 1564503 |  |  | 1523597 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  | 93 |  |  |
| Total equity | 1584051 |  |  | 1564596 |  |  | 1523690 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $13206969 |  |  | $13194195 |  |  | $12741950 |  |  |
| Net interest income<sup>(b)</sup> |  | $108427 |  |  | $109004 |  |  | $106634 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 2.75% |  |  | 2.61% |  |  | 2.57% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.55% |  |  | 3.50% |  |  | 3.55% |
| Cost of total deposits |  |  | 2.54% |  |  | 2.70% |  |  | 2.83% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 134.1% |  |  | 135.5% |  |  | 136.8% |
| Tax-equivalent adjustment |  | $786 |  |  | $623 |  |  | $617 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $149819 | 6.31% |  | $153255 | 6.40% |  | $155884 | 6.62% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 1797 | 0.08% |  | 1859 | 0.08% |  | 1779 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion (amortization) on purchased loans |  | 2 | —% |  | 119 | —% |  | (10) | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 556 | 0.02% |  | 664 | 0.03% |  | 98 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $152174 | 6.41% |  | $155897 | 6.51% |  | $157751 | 6.70% |

---

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

*(b) Includes tax-equivalent adjustment using combined marginal tax rate of 26.06%.*

*(c) Includes average net unrealized losses on investment securities available for sale of $132,262, $119,243 and $153,838 for the three months ended March 31, 2025, December 31, 2024 and* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*September 30, 2024, 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 $30,731, $31,519 <br> and $25,451 for the three months ended March 31, 2025, December 31, 2024 and September 30, 2024, 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 9

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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)** |
| **(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)* |
|  | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|  | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2024** | **September 30, 2024** | **September 30, 2024** |
|  | **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> | $10559871 | $517561 | 6.55% | $9337942 | $466933 | 6.68% |
| Mortgage loans held for sale | 127657 | 5981 | 6.26% | 65443 | 3333 | 6.80% |
| Investment securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1459685 | 43527 | 3.99% | 1450295 | 35014 | 3.22% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 168390 | 4229 | 3.36% | 205310 | 5023 | 3.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1628075 | 47756 | 3.92% | 1655605 | 40037 | 3.23% |
| Federal funds sold and reverse repurchase agreements | 189984 | 6596 | 4.64% | 127365 | 5310 | 5.57% |
| Interest-bearing deposits with other financial institutions | 635796 | 20975 | 4.41% | 573861 | 23226 | 5.41% |
| Restricted equity securities, at cost | 35024 | 2274 | 8.68% | 33486 | 2295 | 9.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 13176407 | 601143 | 6.10% | 11793702 | 541134 | 6.13% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |
| Cash and due from banks | 126093 |  |  | 141220 |  |  |
| Allowance for credit losses on loans HFI | (162040) |  |  | (152675) |  |  |
| Other assets<sup>(c)(d)</sup> | 952215 |  |  | 786211 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 916268 |  |  | 774756 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $14092675 |  |  | $12568458 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | $2562483 | $46520 | 2.43% | $2554739 | $59088 | 3.09% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 4592506 | 118336 | 3.45% | 3810318 | 112031 | 3.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 371180 | 412 | 0.15% | 368262 | 191 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 1594062 | 44121 | 3.70% | 1398263 | 41415 | 3.96% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 495671 | 16005 | 4.32% | 195785 | 7489 | 5.11% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 2089733 | 60126 | 3.85% | 1594048 | 48904 | 4.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 9615902 | 225394 | 3.13% | 8327367 | 220214 | 3.53% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 11773 | 63 | 0.72% | 23537 | 350 | 1.99% |
| &nbsp;&nbsp;&nbsp; Federal Home Loan Bank advances | 12821 | 430 | 4.48% |  |  | —% |
| &nbsp;&nbsp;&nbsp; Subordinated debt | 147654 | 6489 | 5.88% | 130249 | 5801 | 5.95% |
| &nbsp;&nbsp;&nbsp; Other borrowings | 1560 | 16 | 1.37% | 129396 | 4682 | 4.83% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 173808 | 6998 | 5.38% | 283182 | 10833 | 5.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 9789710 | 232392 | 3.17% | 8610549 | 231047 | 3.58% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits | 2357537 |  |  | 2230271 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 228944 |  |  | 241535 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2586481 |  |  | 2471806 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 12376191 |  |  | 11082355 |  |  |
| Total common shareholders' equity | 1716391 |  |  | 1486010 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 1716484 |  |  | 1486103 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $14092675 |  |  | $12568458 |  |  |
| Net interest income<sup>(b)</sup> |  | $368751 |  |  | $310087 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 2.93% |  |  | 2.55% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.74% |  |  | 3.51% |
| Cost of total deposits |  |  | 2.52% |  |  | 2.79% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 134.6% |  |  | 137.0% |
| Tax equivalent adjustment |  | $2455 |  |  | $1965 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $503836 | 6.37% |  | $460796 | 6.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 5317 | 0.07% |  | 4506 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion on purchased loans |  | 6965 | 0.09% |  | 538 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 1443 | 0.02% |  | 1093 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $517561 | 6.55% |  | $466933 | 6.68% |

---

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

*(b) Includes tax-equivalent adjustment using combined marginal tax rate of 26.06%.*

*(c) Includes average net unrealized losses on investment securities available for sale of $108,373 and $181,898 for the nine months ended September 30, 2025 and 2024, 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 $25,812 and $22,328 for the &nbsp;&nbsp;&nbsp;&nbsp; nine months ended September 30, 2025 and 2024, 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 10

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---

| | |
|:---|:---|
| **Southern States Bancshares, Inc. Opening Balance Sheet (Preliminary)** | **Southern States Bancshares, Inc. Opening Balance Sheet (Preliminary)** |
| **As of July 1, 2025** | **As of July 1, 2025** |
| **(Unaudited)** | **(Unaudited)** |
| *(In Thousands)* | *(In Thousands)* |
|  | **As Recorded by FB Financial Corporation (Preliminary)**<sup>(a)</sup>  |
| **Assets** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $370474 |
| &nbsp;&nbsp;&nbsp;&nbsp;Investments | 38175 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans held for sale, at fair value | 756 |
| &nbsp;&nbsp;&nbsp;&nbsp;Loans, net of fair value adjustments | 2266549 |
| &nbsp;&nbsp;&nbsp;&nbsp;Allowance for credit losses on PCD loans | (7518) |
| &nbsp;&nbsp;&nbsp;&nbsp;Premises and equipment | 37016 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank-owned life insurance | 39971 |
| &nbsp;&nbsp;&nbsp;&nbsp;Core deposit intangible | 30820 |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 107793 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other assets | 54130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $2938166 |
| **Liabilities** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Deposits | $2468530 |
| &nbsp;&nbsp;&nbsp;&nbsp;Borrowings | 83008 |
| &nbsp;&nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 18273 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | $2569811 |
| **Equity and cash consideration** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Value of 8,124,241 shares issued as merger consideration | $368028 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total cash consideration paid | 327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total consideration | $368355 |
| *(a) The above estimated fair values of assets acquired and liabilities assumed are preliminary and are subject to change during the measurement period as allowed under ASC 805 - Business Combinations.* | *(a) The above estimated fair values of assets acquired and liabilities assumed are preliminary and are subject to change during the measurement period as allowed under ASC 805 - Business Combinations.* |

---

FB Financial Corporation 11

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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** |
|  | **Sep 2025** | **Sep 2025** | **Jun 2025** | **Jun 2025** | **Mar 2025** | **Mar 2025** | **Dec 2024** | **Dec 2024** | **Sep 2024** | **Sep 2024** |
| **Investment securities, at fair value** |  |  |  |  |  |  |  |  |  |  |
| Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. government agency securities | $653197 | 46% | $642264 | 48% | $602942 | 38% | $563007 | 36% | $516833 | 33% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities - residential | 587587 | 41% | 541343 | 40% | 816556 | 52% | 810999 | 53% | 879589 | 56% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities - commercial | 10681 | 1% | 8752 | 1% | 14828 | 1% | 14857 | 1% | 16289 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal securities | 165411 | 12% | 144228 | 11% | 145396 | 9% | 147857 | 10% | 154229 | 10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury securities | 7080 | —% |  | —% |  | —% | 299 | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate securities | 2995 | —% | 978 | —% | 998 | —% | 989 | —% | 982 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale debt securities | 1426951 | 100% | 1337565 | 100% | 1580720 | 100% | 1538008 | 100% | 1567922 | 100% |
| Equity securities, at fair value | 1450 | —% |  | —% |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities, at fair value | $1428401 | 100% | $1337565 | 100% | $1580720 | 100% | $1538008 | 100% | $1567922 | 100% |
| Investment securities to total assets | 8.80% |  | 10.0% |  | 12.0% |  | 11.7% |  | 12.1% |  |
| Unrealized loss on available-for-sale debt securities | (55890) |  | (63262) |  | (128173) |  | (141389) |  | (105157) |  |
| **Sources of liquidity** |  |  |  |  |  |  |  |  |  |  |
| Current on-balance sheet: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1280033 | 68% | $1165729 | 68% | $794706 | 53% | $1042488 | 63% | $951750 | 65% |
| &nbsp;&nbsp;&nbsp;&nbsp;Unpledged available-for-sale debt securities | 608716 | 32% | 547354 | 32% | 703117 | 47% | 600965 | 37% | 510538 | 35% |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity securities, at fair value | 1450 | —% |  | —% |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total on-balance sheet liquidity | $1890199 | 100% | $1713083 | 100% | $1497823 | 100% | $1643453 | 100% | $1462288 | 100% |
| Available sources of liquidity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unsecured borrowing capacity<sup>(a)</sup> | $4018822 | 52% | $3325751 | 48% | $3369107 | 48% | $3318091 | 49% | $3199575 | 48% |
| &nbsp;&nbsp;&nbsp;&nbsp;FHLB remaining borrowing capacity | 1551283 | 20% | 1481376 | 21% | 1476688 | 21% | 1397905 | 21% | 1355884 | 20% |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Reserve discount window | 2196785 | 28% | 2119018 | 31% | 2134448 | 31% | 2053541 | 30% | 2133951 | 32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available sources of liquidity | $7766890 | 100% | $6926145 | 100% | $6980243 | 100% | $6769537 | 100% | $6689410 | 100% |
| On-balance sheet liquidity as a <br>&nbsp;&nbsp;&nbsp;&nbsp;percentage of total assets | 11.6% |  | 12.8% |  | 11.4% |  | 12.5% |  | 11.3% |  |
| On-balance sheet liquidity as a <br>&nbsp;&nbsp;&nbsp;&nbsp;percentage of total tangible assets\* | 11.9% |  | 13.1% |  | 11.6% |  | 12.7% |  | 11.5% |  |
| 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> | 245.0% |  | 289.5% |  | 283.4% |  | 293.8% |  | 245.4% |  |

---

*(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 12

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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** |
|  | **Sep 2025** | **% of Total** | **Jun 2025** | **% of Total** | **Mar 2025** | **% of Total** | **Dec 2024** | **% of Total** | **Sep 2024** | **% of Total** |
| **Loan portfolio** |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial | $2155105 | 17% | $1788911 | 18% | $1782981 | 18% | $1691213 | 18% | $1688815 | 18% |
| Construction | 1195392 | 10% | 1022678 | 10% | 1022299 | 10% | 1087732 | 11% | 1079726 | 11% |
| Residential real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 1852626 | 15% | 1660696 | 17% | 1632574 | 17% | 1616754 | 17% | 1612031 | 17% |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 707303 | 6% | 641433 | 7% | 613868 | 6% | 602475 | 6% | 591049 | 6% |
| &nbsp;&nbsp;&nbsp;Multi-family mortgage | 736424 | 6% | 587254 | 6% | 648326 | 7% | 653769 | 7% | 654188 | 7% |
| Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner-occupied | 2124920 | 17% | 1370123 | 14% | 1356007 | 14% | 1357568 | 14% | 1324208 | 14% |
| &nbsp;&nbsp;&nbsp;Non-owner occupied | 2890233 | 24% | 2198689 | 22% | 2153825 | 22% | 2099129 | 22% | 2048036 | 22% |
| Consumer and other | 635597 | 5% | 604498 | 6% | 561656 | 6% | 493744 | 5% | 480076 | 5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans HFI | $12297600 | 100% | $9874282 | 100% | $9771536 | 100% | $9602384 | 100% | $9478129 | 100% |
| *Percentage of loans HFI portfolio with<br>&nbsp;&nbsp;&nbsp;&nbsp;floating interest rates* |  | 51.5% |  | 49.6% |  | 49.7% |  | 49.4% |  | 49.2% |
| *Percentage of loans HFI portfolio with<br> floating interest rates that mature after<br> one year* |  | 48.0% |  | 45.2% |  | 44.4% |  | 43.5% |  | 43.6% |
| **Loans by market** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan | $8426236 | 69% | $8083283 | 82% | $8045289 | 82% | $7934549 | 82% | $7795075 | 82% |
| &nbsp;&nbsp;&nbsp;Community | 2627421 | 21% | 538459 | 5% | 538819 | 6% | 546987 | 6% | 565194 | 6% |
| &nbsp;&nbsp;&nbsp;Specialty lending and other | 1243943 | 10% | 1252540 | 13% | 1187428 | 12% | 1120848 | 12% | 1117860 | 12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $12297600 | 100% | $9874282 | 100% | $9771536 | 100% | $9602384 | 100% | $9478129 | 100% |
| **Unfunded loan commitments** |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial | $1451366 | 46% | $1396533 | 49% | $1349491 | 48% | $1371413 | 50% | $1314683 | 48% |
| Construction | 731742 | 23% | 535669 | 19% | 540992 | 19% | 498133 | 18% | 510157 | 19% |
| Residential real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 5581 | —% | 3545 | —% | 5094 | —% | 7299 | —% | 3665 | —% |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 808961 | 25% | 745570 | 26% | 743413 | 27% | 734031 | 26% | 735928 | 27% |
| &nbsp;&nbsp;&nbsp;Multi-family mortgage | 6665 | —% | 4260 | —% | 9586 | —% | 12044 | —% | 11771 | —% |
| Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner-occupied | 96287 | 3% | 86135 | 3% | 68566 | 3% | 78856 | 3% | 67875 | 3% |
| &nbsp;&nbsp;&nbsp;Non-owner occupied | 68293 | 2% | 67974 | 2% | 63948 | 2% | 54898 | 2% | 51960 | 2% |
| Consumer and other | 21480 | 1% | 21999 | 1% | 14547 | 1% | 13431 | 1% | 17321 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total unfunded loans HFI | $3190375 | 100% | $2861685 | 100% | $2795637 | 100% | $2770105 | 100% | $2713360 | 100% |

---

FB Financial Corporation 13

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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** |
|  | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** |
| **Allowance for credit losses on loans HFI roll forward summary** |  |  |  |  |  |
| Allowance for credit losses on loans HFI at the beginning of the period | $148948 | $150531 | $151942 | $156260 | $155055 |
| Charge-offs | (1709) | (1454) | (3893) | (12010) | (915) |
| Recoveries | 279 | 973 | 576 | 673 | 264 |
| Impact of change in accounting estimate for current expected credit losses |  | (6848) |  |  |  |
| Provision for credit losses on loans HFI | 29957 | 5746 | 1906 | 7019 | 1856 |
| Initial allowance on acquired loans with credit deterioration | 7518 |  |  |  |  |
| Allowance for credit losses on loans HFI at the end of the period | $184993 | $148948 | $150531 | $151942 | $156260 |
| Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.50% | 1.51% | 1.54% | 1.58% | 1.65% |
| Allowance for credit losses on unfunded commitments | $17392 | $12932 | $6493 | $6107 | $6042 |
| **Charge-offs** |  |  |  |  |  |
| Commercial and industrial | $(100) | $(70) | $(2901) | $(10921) | $(90) |
| Construction | (399) |  |  | (30) |  |
| Residential real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | (322) | (433) | (3) | (144) | (2) |
| &nbsp;&nbsp;&nbsp;Residential line of credit |  |  |  |  | (53) |
| Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner occupied |  |  | (17) |  |  |
| Consumer and other | (888) | (951) | (972) | (915) | (770) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total charge-offs | (1709) | (1454) | (3893) | (12010) | (915) |
| **Recoveries** |  |  |  |  |  |
| Commercial and industrial | 12 | 173 | 42 | 371 | 23 |
| Residential real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 6 | 11 | 9 | 9 | 9 |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 11 | 1 |  |  | 18 |
| Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner occupied | 4 | 9 | 21 | 5 | 12 |
| &nbsp;&nbsp;&nbsp;Non-owner occupied |  | 528 | 1 |  |  |
| Consumer and other | 246 | 251 | 503 | 288 | 202 |
| &nbsp;&nbsp;&nbsp;Total recoveries | 279 | 973 | 576 | 673 | 264 |
| &nbsp;&nbsp;&nbsp;Net charge-offs | $(1430) | $(481) | $(3317) | $(11337) | $(651) |
| &nbsp;&nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.05% | 0.02% | 0.14% | 0.47% | 0.03% |
| **Nonperforming assets** |  |  |  |  |  |
| Loans past due 90 days or more and accruing interest | $26311 | $21962 | $28422 | $24347 | $26250 |
| Nonaccrual loans | 89448 | 73950 | 48738 | 59358 | 64585 |
| Total nonperforming loans HFI | 115759 | 95912 | 77160 | 83705 | 90835 |
| Mortgage loans held for sale<sup>(a)</sup> | 21660 | 20977 | 27152 | 31357 | 30537 |
| Other real estate owned | 4466 | 2998 | 3326 | 4409 | 3779 |
| Other repossessed assets | 3314 | 3151 | 2791 | 2444 | 2182 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming assets | $145199 | $123038 | $110429 | $121915 | $127333 |
| Total nonperforming loans HFI as a percentage of loans HFI | 0.94% | 0.97% | 0.79% | 0.87% | 0.96% |
| Total nonperforming assets as a percentage of total assets | 0.89% | 0.92% | 0.84% | 0.93% | 0.99% |
| Total nonaccrual loans as a percentage of loans HFI | 0.73% | 0.75% | 0.50% | 0.62% | 0.68% |

---

*(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 14

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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** |
|  | **Sep 2025** | **Sep 2025** | **Jun 2025** | **Jun 2025** | **Mar 2025** | **Mar 2025** | **Dec 2024** | **Dec 2024** | **Sep 2024** | **Sep 2024** |
| **Deposits by market** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan | $8549817 | 62% | $8275006 | 73% | $8091921 | 72% | $8136849 | 73% | $7794790 | 71% |
| &nbsp;&nbsp;&nbsp;Community | 4579933 | 33% | 2436243 | 21% | 2536165 | 23% | 2471052 | 22% | 2459641 | 22% |
| &nbsp;&nbsp;&nbsp;Brokered/wholesale | 487765 | 4% | 518719 | 4% | 414428 | 4% | 469089 | 4% | 519200 | 5% |
| &nbsp;&nbsp;&nbsp;Escrow and other<sup>(a)</sup> | 195440 | 1% | 173502 | 2% | 159484 | 1% | 133444 | 1% | 202580 | 2% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $13812955 | 100% | $11403470 | 100% | $11201998 | 100% | $11210434 | 100% | $10976211 | 100% |
| **Deposits by customer<br>&nbsp;&nbsp;&nbsp;&nbsp;segment** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Consumer | $5966458 | 43% | $4772582 | 42% | $4868544 | 43% | $4853609 | 43% | $4676492 | 43% |
| &nbsp;&nbsp;&nbsp;Commercial | 6045418 | 44% | 4835968 | 42% | 4695923 | 42% | 4802105 | 43% | 4886660 | 45% |
| &nbsp;&nbsp;&nbsp;Public | 1801079 | 13% | 1794920 | 16% | 1637531 | 15% | 1554720 | 14% | 1413059 | 12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $13812955 | 100% | $11403470 | 100% | $11201998 | 100% | $11210434 | 100% | $10976211 | 100% |
| Estimated insured or<br> collateralized deposits | $9871337 |  | $8418783 |  | $8210241 |  | $8346796 |  | $7654786 |  |
| Estimated uninsured<br>&nbsp;&nbsp;&nbsp;&nbsp;and uncollateralized<br>&nbsp;&nbsp;&nbsp;&nbsp;deposits<sup>(b)</sup> | $3941618 |  | $2984687 |  | $2991757 |  | $2863638 |  | $3321425 |  |
| 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>(b)</sup> | 28.5% |  | 26.2% |  | 26.7% |  | 25.5% |  | 30.3% |  |

---

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

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

FB Financial Corporation 15

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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:** | **September 30, 2025** | **December 31, 2024** |
| **Total Common Shareholders' Equity** | $**1978043** | $**1567538** |
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 350353 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangibles | 33216 | 5762 |
| **Tangible Common Equity** | $**1594474** | $**1319215** |
| **Total Assets** | $**16236459** | $**13157482** |
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 350353 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangibles | 33216 | 5762 |
| **Tangible Assets** | $**15852890** | $**12909159** |
| **Preliminary Total Risk-Weighted Assets** | $**14215346** | $**11306312** |
| **Total Common Equity to Total Assets** | **12.2%** | **11.9%** |
| **Tangible Common Equity to Tangible Assets\*** | **10.1%** | **10.2%** |
|  | **September 30, 2025** | **December 31, 2024** |
| **Preliminary Regulatory Capital:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Equity Tier 1 Capital | $1662376 | $1450722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Capital | 1662376 | 1480722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Capital | 1923686 | 1721941 |
| **Preliminary Regulatory Capital Ratios:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Equity Tier 1 | 11.7% | 12.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Risk-Based | 11.7% | 13.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Risk-Based | 13.5% | 15.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Leverage | 10.7% | 11.3% |

---

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

FB Financial Corporation 16

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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** |
|  | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** |
| Banking segment |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | $236073 | $180960 | $178915 | $186219 | $185824 |
| &nbsp;&nbsp;&nbsp;Interest expense | 91214 | 72051 | 73156 | 79426 | 81489 |
| &nbsp;&nbsp;&nbsp;Net interest income | $144859 | $108909 | $105759 | $106793 | $104335 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 34070 | 582 | 2189 | 7133 | 1861 |
| &nbsp;&nbsp;&nbsp;Noninterest income (loss) | 13078 | (47720) | 10660 | 11311 | (28370) |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 51441 | 38635 | 41469 | 38289 | 39938 |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 16057 | 2734 | 401 |  |  |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 29471 | 25961 | 25039 | 22715 | 23176 |
| &nbsp;&nbsp;&nbsp;Pre-tax net contribution (loss) after allocations | $26898 | $(6723) | $47321 | $49967 | $10990 |
| &nbsp;&nbsp;&nbsp;Total assets | $15598629 | $12736830 | $12490097 | $12554435 | $12337135 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 61.4% | 110.0% | 57.5% | 51.7% | 83.1% |
| &nbsp;&nbsp;&nbsp;*Core efficiency ratio\** | 50.6% | 52.8% | 56.5% | 50.1% | 53.9% |
| Mortgage segment |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | $825 | $1124 | $791 | $150 | $(196) |
| &nbsp;&nbsp;&nbsp;Interest expense | (1556) | (1382) | (1091) | (1438) | (1878) |
| &nbsp;&nbsp;&nbsp;Net interest income | $2381 | $2506 | $1882 | $1588 | $1682 |
| &nbsp;&nbsp;&nbsp;Provisions for (reversals of) loan losses | 347 | 4755 | 103 | (49) | 53 |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 13484 | 13029 | 12426 | 10586 | 11553 |
| &nbsp;&nbsp;&nbsp;Other noninterest income (loss) | 73 | 139 | (54) | 100 | 320 |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 7769 | 7996 | 6882 | 7143 | 7600 |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 5118 | 5935 | 5758 | 5027 | 5498 |
| &nbsp;&nbsp;&nbsp;Pre-tax net contribution (loss) after allocations | $2704 | $(3012) | $1511 | $153 | $404 |
| &nbsp;&nbsp;&nbsp;Total assets | $637830 | $617408 | $646352 | $603047 | $583087 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 80.9% | 88.9% | 88.7% | 99.2% | 96.6% |
| &nbsp;&nbsp;&nbsp;*Core efficiency ratio\** | 80.9% | 89.1% | 87.9% | 99.2% | 96.7% |
| Interest rate lock commitments volume | $432149 | $456720 | $381777 | $315891 | $381240 |
| Interest rate lock commitments pipeline (period end) | $128961 | $127004 | $118200 | $65687 | $105714 |
| Mortgage loan sales | $343450 | $391061 | $222805 | $287291 | $327269 |
| Gains and fees from origination and sale of mortgage loans held for sale | $9237 | $11200 | $5602 | $7788 | $9279 |
| Net change in fair value of loans held for sale, derivatives, and other | 801 | (876) | 2816 | (96) | (480) |
| Mortgage servicing income | 6836 | 6936 | 7077 | 7305 | 7244 |
| Change in fair value of mortgage servicing rights, net of hedging | (3390) | (4231) | (3069) | (4411) | (4490) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total mortgage banking income | $13484 | $13029 | $12426 | $10586 | $11553 |
| Mortgage sale margin<sup>(a)</sup> | 2.69% | 2.86% | 2.51% | 2.71% | 2.84% |

---

*\*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 17

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** | **Non-GAAP Reconciliations** |
| **(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)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **Adjusted net income** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Sep 2025** | **Sep 2024** |
| **Income (loss) before income <br> taxes** | 29602 | (9735) | 48832 | 50120 | 11394 | 68699 | 96550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, <br> net | 12 | (60549) | 16 |  | (40165) | (60521) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (646) | 236 | (625) | (2162) | (289) | (1035) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  |  |  | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus initial provision for credit <br> losses on acquired loans and <br> unfunded commitments | 28366 |  |  |  |  | 28366 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and <br> severance costs |  |  |  | 463 |  |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations <br> and other branch closure costs | 270 |  |  |  |  | 270 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration<br> costs | 16057 | 2734 | 401 |  |  | 19192 |  |
| **Adjusted pre-tax net income** | 74929 | 53312 | 49842 | 52745 | 51848 | 178083 | 152391 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less income tax expense, <br>&nbsp;&nbsp;&nbsp;&nbsp;adjusted for items above<sup>(a)</sup> | 17323 | 3778 | 9734 | 12910 | 11716 | 30835 | 32945 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus income tax benefit<sup>(b)</sup> |  | (8713) |  |  |  | (8713) |  |
| **Adjusted net income** | 57606 | 40821 | 40108 | 39835 | 40132 | 138535 | 119446 |
| Weighted average common share<br>&nbsp;&nbsp;&nbsp;&nbsp; outstanding - fully diluted | 53957062 | 46179090 | 47024211 | 46862935 | 46803330 | 49054448 | 46874037 |
| **Adjusted diluted earnings per<br>&nbsp;&nbsp;&nbsp;&nbsp; common share** |  |  |  |  |  |  |  |
| Diluted earnings per common <br> share | 0.43 | 0.06 | 0.84 | 0.81 | 0.22 | 1.34 | 1.67 |
| **Adjusted diluted earnings per <br> common share** | 1.07 | 0.88 | 0.85 | 0.85 | 0.86 | 2.82 | 2.55 |
| *(a) Adjusted items calculated using the combined marginal 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 marginal 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 marginal 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 marginal 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 marginal 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 marginal 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 marginal 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 marginal 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.* |

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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)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(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)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **Adjusted pre-tax pre-provision net <br>&nbsp;&nbsp;&nbsp;&nbsp;revenue** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Sep 2025** | **Sep 2024** |
| **Income (loss) before income taxes** | 29602 | (9735) | 48832 | 50120 | 11394 | 68699 | 96550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus provisions for credit losses | 34417 | 5337 | 2292 | 7084 | 1914 | 42046 | 4920 |
| **Pre-tax pre-provision net revenue** | 64019 | (4398) | 51124 | 57204 | 13308 | 110745 | 101470 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, net | 12 | (60549) | 16 |  | (40165) | (60521) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (646) | 236 | (625) | (2162) | (289) | (1035) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  |  |  | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and severance<br> costs |  |  |  | 463 |  |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations and <br> other branch closure costs | 270 |  |  |  |  | 270 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration costs | 16057 | 2734 | 401 |  |  | 19192 |  |
| **Adjusted pre-tax pre-provision net <br>&nbsp;&nbsp;&nbsp;&nbsp;revenue** | 80980 | 58649 | 52134 | 59829 | 53762 | 191763 | 157311 |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **Adjusted tangible net income** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Sep 2025** | **Sep 2024** |
| **Income (loss) before income taxes** | 29602 | (9735) | 48832 | 50120 | 11394 | 68699 | 96550 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus amortization of core deposit<br>&nbsp;&nbsp;&nbsp;&nbsp; and other intangibles | 2079 | 631 | 656 | 687 | 719 | 3366 | 2260 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, net | 12 | (60549) | 16 |  | (40165) | (60521) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (646) | 236 | (625) | (2162) | (289) | (1035) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  |  |  | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus initial provision for credit <br> losses on acquired loans and <br> unfunded commitments | 28366 |  |  |  |  | 28366 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and severance<br> costs |  |  |  | 463 |  |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations and <br> other branch closure costs | 270 |  |  |  |  | 270 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration costs | 16057 | 2734 | 401 |  |  | 19192 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less income tax expense, adjusted<br>&nbsp;&nbsp;&nbsp;&nbsp; for items above<sup>(a)</sup> | 17864 | 3942 | 9905 | 13089 | 11904 | 31711 | 33534 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus income tax benefit<sup>(b)</sup> |  | (8713) |  |  |  | (8713) |  |
| **Adjusted tangible net income** | 59144 | 41288 | 40593 | 40343 | 40663 | 141025 | 121117 |
| *(a) Adjusted items calculated using the combined marginal 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 marginal 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 marginal 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 marginal 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 marginal 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 marginal 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 marginal 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 marginal 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.* |

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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)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(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)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **Core efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp;equivalent basis)** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Sep 2025** | **Sep 2024** |
| Total noninterest expense | $109856 | $81261 | $79549 | $73174 | $76212 | $270666 | $223725 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less early retirement and <br> severance costs |  |  |  | 463 |  |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less loss on lease terminations <br> and other branch closure costs | 270 |  |  |  |  | 270 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less merger and integration costs | 16057 | 2734 | 401 |  |  | 19192 |  |
| **Core noninterest expense** | $93529 | $78527 | $79148 | $72711 | $76212 | $251204 | $222210 |
| Net interest income | $147240 | $111415 | $107641 | $108381 | $106017 | $366296 | $308122 |
| Net interest income (tax-equivalent<br>&nbsp;&nbsp;&nbsp;&nbsp;basis) | 148088 | 112236 | 108427 | 109004 | 106634 | 368751 | 310087 |
| Total noninterest income (loss) | 26635 | (34552) | 23032 | 21997 | (16497) | 15115 | 17073 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, <br> net | 12 | (60549) | 16 |  | (40165) | (60521) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (646) | 236 | (625) | (2162) | (289) | (1035) | (5) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  |  |  | 2057 |
| **Core noninterest income** | 27269 | 25761 | 23641 | 24159 | 23957 | 76671 | 71399 |
| Total revenue | $173875 | $76863 | $130673 | $130378 | $89520 | $381411 | $325195 |
| **Core revenue (tax-equivalent<br>&nbsp;&nbsp;&nbsp;&nbsp;basis)** | $175357 | $137997 | $132068 | $133163 | $130591 | $445422 | $381486 |
| Efficiency ratio | 63.2% | 105.7% | 60.9% | 56.1% | 85.1% | 71.0% | 68.8% |
| **Core efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp;equivalent basis)** | 53.3% | 56.9% | 59.9% | 54.6% | 58.4% | 56.4% | 58.2% |

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FB Financial Corporation 20

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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)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(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)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **Banking segment core efficiency<br>&nbsp;&nbsp;&nbsp;&nbsp;ratio (tax-equivalent)** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Sep 2025** | **Sep 2024** |
| Banking segment noninterest <br>&nbsp;&nbsp;&nbsp;&nbsp;expense | $96969 | $67330 | $66909 | $61004 | $63114 | $231208 | $185486 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less early retirement and <br> severance costs |  |  |  | 463 |  |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations <br> and other branch closure costs | 270 |  |  |  |  | 270 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less merger and integration costs | 16057 | 2734 | 401 |  |  | 19192 |  |
| **Banking segment core noninterest <br> expense** | $80642 | $64596 | $66508 | $60541 | $63114 | $211746 | $183971 |
| Banking segment net interest income | $144859 | $108909 | $105759 | $106793 | $104335 | $359527 | $303990 |
| Banking segment net interest income<br>&nbsp;&nbsp;&nbsp;&nbsp;(tax-equivalent basis) | 145707 | 109730 | 106545 | 107416 | 104952 | 361982 | 305955 |
| Banking segment noninterest income<br>&nbsp;&nbsp;&nbsp;&nbsp;(loss) | 13078 | (47720) | 10660 | 11311 | (28370) | (23982) | (19687) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, <br> net | 12 | (60549) | 16 |  | (40165) | (60521) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  |  |  | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (646) | 203 | (497) | (2162) | (299) | (940) | (188) |
| **Banking segment core noninterest <br> income** | 13712 | 12626 | 11141 | 13473 | 12094 | 37479 | 34822 |
| Banking segment total revenue | $157937 | $61189 | $116419 | $118104 | $75965 | $335545 | $284303 |
| **Banking segment total core <br>&nbsp;&nbsp;&nbsp;&nbsp;revenue (tax-equivalent basis)** | $159419 | $122356 | $117686 | $120889 | $117046 | $399461 | $340777 |
| Banking segment efficiency ratio | 61.4% | 110.0% | 57.5% | 51.7% | 83.1% | 68.9% | 65.2% |
| **Banking segment core efficiency<br>&nbsp;&nbsp;&nbsp;&nbsp;ratio (tax-equivalent basis)** | 50.6% | 52.8% | 56.5% | 50.1% | 53.9% | 53.0% | 54.0% |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **Mortgage segment core efficiency<br>&nbsp;&nbsp;&nbsp;&nbsp; ratio (tax-equivalent)** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Sep 2025** | **Sep 2024** |
| Mortgage segment noninterest <br>&nbsp;&nbsp;&nbsp;&nbsp;expense | $12887 | $13931 | $12640 | $12170 | $13098 | $39458 | $38239 |
| **Mortgage segment core <br>&nbsp;&nbsp;&nbsp;&nbsp;noninterest expense** | $12887 | $13931 | $12640 | $12170 | $13098 | $39458 | $38239 |
| Mortgage segment net interest <br>&nbsp;&nbsp;&nbsp;&nbsp;income | $2381 | $2506 | $1882 | $1588 | $1682 | $6769 | $4132 |
| Mortgage segment noninterest <br>&nbsp;&nbsp;&nbsp;&nbsp;income | 13557 | 13168 | 12372 | 10686 | 11873 | 39097 | 36760 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) on sales or write-<br> downs of premises and<br> equipment, other real estate <br> owned and other assets, net |  | 33 | (128) |  | 10 | (95) | 183 |
| **Mortgage segment core <br>&nbsp;&nbsp;&nbsp;&nbsp; noninterest income** | 13557 | 13135 | 12500 | 10686 | 11863 | 39192 | 36577 |
| Mortgage segment total revenue | $15938 | $15674 | $14254 | $12274 | $13555 | $45866 | $40892 |
| **Mortgage segment core total revenue** | $15938 | $15641 | $14382 | $12274 | $13545 | $45961 | $40709 |
| Mortgage segment efficiency ratio | 80.9% | 88.9% | 88.7% | 99.2% | 96.6% | 86.0% | 93.5% |
| **Mortgage segment core efficiency<br>&nbsp;&nbsp;&nbsp;&nbsp; ratio (tax-equivalent basis)** | 80.9% | 89.1% | 87.9% | 99.2% | 96.7% | 85.9% | 93.9% |

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FB Financial Corporation 21

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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** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** |
| **Tangible assets** |  |  |  |  |  |
| Total assets | $16236459 | $13354238 | $13136449 | $13157482 | $12920222 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less goodwill | 350353 | 242561 | 242561 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less intangibles, net | 33216 | 4475 | 5106 | 5762 | 6449 |
| **Tangible assets** | $15852890 | $13107202 | $12888782 | $12909159 | $12671212 |
| **Tangible common equity** |  |  |  |  |  |
| Total common shareholders' equity | $1978043 | $1611130 | $1601962 | $1567538 | $1562329 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less goodwill | 350353 | 242561 | 242561 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less intangibles, net | 33216 | 4475 | 5106 | 5762 | 6449 |
| **Tangible common equity** | $1594474 | $1364094 | $1354295 | $1319215 | $1313319 |
| Common shares outstanding | 53456522 | 45807689 | 46514547 | 46663120 | 46658019 |
| Book value per common share | $37.00 | $35.17 | $34.44 | $33.59 | $33.48 |
| **Tangible book value per common share** | $29.83 | $29.78 | $29.12 | $28.27 | $28.15 |
| Total common shareholders' equity to total assets | 12.2% | 12.1% | 12.2% | 11.9% | 12.1% |
| **Tangible common equity to tangible assets** | 10.1% | 10.4% | 10.5% | 10.2% | 10.4% |
| **On-balance sheet liquidity:** |  |  |  |  |  |
| Cash and cash equivalents | $1280033 | $1165729 | $794706 | $1042488 | $951750 |
| Unpledged securities | 608716 | 547354 | 703117 | 600965 | 510538 |
| Equity securities, at fair value | 1450 |  |  |  |  |
| Total on-balance sheet liquidity | $1890199 | $1713083 | $1497823 | $1643453 | $1462288 |
| On-balance sheet liquidity as a percentage of total<br>&nbsp;&nbsp;&nbsp;&nbsp; assets | 11.6% | 12.8% | 11.4% | 12.5% | 11.3% |
| **On-balance sheet liquidity as a percentage of total<br>&nbsp;&nbsp;&nbsp;&nbsp; tangible assets** | 11.9% | 13.1% | 11.6% | 12.7% | 11.5% |

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FB Financial Corporation 22

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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)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(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)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
| **Adjusted return on average<br>&nbsp;&nbsp;&nbsp;&nbsp;tangible common equity and<br>&nbsp;&nbsp;&nbsp;&nbsp;related measures** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Sep 2025** | **Sep 2024** |
| Average common shareholders' <br>&nbsp;&nbsp;&nbsp;&nbsp; equity | $1977785 | $1583099 | $1583958 | $1564503 | $1523597 | $1716391 | $1486010 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less average goodwill | 350355 | 242561 | 242561 | 242561 | 242561 | 278887 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less average intangibles, net | 34983 | 4791 | 5426 | 6107 | 6795 | 15175 | 7536 |
| **Average tangible common equity** | $1592447 | $1335747 | $1335971 | $1315835 | $1274241 | $1422329 | $1235913 |
| Net income | $23375 | $2909 | $39361 | $37886 | $10220 | $65645 | $78149 |
| Return on average common equity | 4.69% | 0.74% | 10.1% | 9.63% | 2.67% | 5.11% | 7.02% |
| **Return on average tangible <br>&nbsp;&nbsp;&nbsp;&nbsp; common equity** | 5.82% | 0.87% | 11.9% | 11.5% | 3.19% | 6.17% | 8.45% |
| Adjusted tangible net income | $59144 | $41288 | $40593 | $40343 | $40663 | $141025 | $121117 |
| **Adjusted return on average tangible common equity** | 14.7% | 12.4% | 12.3% | 12.2% | 12.7% | 13.3% | 13.1% |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Nine Months Ended** | **Nine Months Ended** |
|<br>**Adjusted return on average assets, common equity and related measures** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Sep 2025** | **Sep 2024** |
| Net income | $23375 | $2909 | $39361 | $37886 | $10220 | $65645 | $78149 |
| Average assets | 16007788 | 13032490 | 13206969 | 13194195 | 12741950 | 14092675 | 12568458 |
| Average common equity | 1977785 | 1583099 | 1583958 | 1564503 | 1523597 | 1716391 | 1486010 |
| Return on average assets | 0.58% | 0.09% | 1.21% | 1.14% | 0.32% | 0.62% | 0.83% |
| Return on average common equity | 4.69% | 0.74% | 10.1% | 9.63% | 2.67% | 5.11% | 7.02% |
| Adjusted net income | $57606 | $40821 | $40108 | $39835 | $40132 | $138535 | $119446 |
| **Adjusted return on average assets** | 1.43% | 1.26% | 1.23% | 1.20% | 1.25% | 1.31% | 1.27% |
| **Adjusted return on average <br>&nbsp;&nbsp;&nbsp;&nbsp;common equity** | 11.6% | 10.3% | 10.3% | 10.1% | 10.5% | 10.8% | 10.7% |
| Adjusted pre-tax pre-provision net <br> income | $80980 | $58649 | $52134 | $59829 | $53762 | $191763 | $157311 |
| **Adjusted pre-tax pre-provision<br>&nbsp;&nbsp;&nbsp;&nbsp; return on average assets** | 2.01% | 1.81% | 1.60% | 1.80% | 1.68% | 1.82% | 1.67% |

---

FB Financial Corporation 23

## Exhibit 99.3

![](a3q25fbkearningspresenta001.jpg)

October 14, 2025 2025 Third Quarter Earnings Presentation

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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 and statements regarding the merger of Southern States Bancshares, Inc. ("Southern States") with the Company (the "Merger") and expectations with regard to the benefits of the Merger. 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) risks associated with the Merger, including (a) the risk that the cost savings and any revenue synergies from the Merger is less than or different from expectations, (b) disruption from the Merger with customer, supplier, or employee relationships,(c) the possibility that the costs, fees, expenses and charges related to the Merger may be greater than anticipated, including as a result of unexpected or unknown factors, events, or liabilities, (d) the risks related to the integration of the combined businesses, including the risk that the integration will be materially delayed or will be more costly or difficult than expected, (e) the diversion of management time on merger-related issues, (f) the ability of the Company to effectively manage the larger and more complex operations of the combined company following the Merger, (g) the risk of expansion into new geographic or product markets, (h) reputational risk and the reaction of the parties' customers to the Merger, (i) the Company's ability to successfully execute its various business strategies, including its ability to execute on potential acquisition opportunities, and (j) the risk of potential litigation or regulatory action related to the Merger, (7) the Company's ability to identify potential candidates for, consummate, and achieve synergies from, other potential future acquisitions, (8) 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, (9) the Company's ability to successfully execute its various business strategies, (10) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (11) 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, (12) the Company's dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (13) the impact, extent and timing of technological changes, (14) concentrations of credit or deposit exposure, (15) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (16) 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 (17) 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, 2024, 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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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 core revenue, consolidated and segment core noninterest expense and core noninterest income, consolidated and segment core 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 non-core/adjusted in nature. The Company refers to these non-GAAP measures as adjusted (or core) 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. Additionally, the Company presents adjusted risk-weighted assets, adjusted common equity tier 1 capital and adjusted total risk-based capital to show the impact if all available-for-sale securities were sold. Adjusted risk-weighted assets excludes the book value and net unrealized loss of the available-for-sale securities portfolio. Adjusted common equity tier 1 and adjusted total risk-based capital includes the portion of accumulated other comprehensive income related to available-for-sale securities that the Company has elected to remove from the capital calculations in accordance with the capital rules. 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-core 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. Also, since investors may assess the Company's capital adequacy with the impact of the net unrealized losses on available-for-sale securities, the Company believes that it is useful to provide investors the ability to assess the Company's capital adequacy as if all available-for-sale securities were sold. 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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![](a3q25fbkearningspresenta004.jpg)

3 3Q 2025 Results 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. Reported Adjusted1 Diluted earnings per common share $0.43 $1.07 Pre-Tax Pre-Provision Net Revenue ($mm) $64.0 $81.0 Net interest margin (tax-equivalent basis) 3.95% 3.95% Efficiency Ratio 63.2% 53.3% Return on average assets 0.58% 1.43% Return on average tangible common equity1 5.82% 14.7% Key highlights Earnings • Net income of $23.4 million or $57.6 million (adjusted) • Adjusted net income excludes $44 million in pre-tax merger related provision and integration expense • NIM expansion to 3.95% and improved efficiency ratio • Strong ROAA & ROATCE (after merger-related adjustments) Balance Sheet • Merger adds balance sheet scale – $16.2B in assets, $12.3B in loans, & $13.8B in deposits at quarter-end • Annualized loan growth of 5% (ex. merger impact) Credit • ACL coverage ratio of 1.50% • Annualized net charge-offs of 0.05% • Day one provision expense from acquisition of $28.4 million Capital • Capital position remains strong – • Tangible Common Equity to Tangible Assets1 10.1% • CET 1 Ratio 11.7% and Total Risk-Based Capital 13.5% (preliminary) • C&D and CRE concentration ratios within target ranges M&A • Merger completed with Southern States Bancshares Inc. ("SSBK") – deal closed and systems converted in 3Q • 3Q represents a full quarter of combined company results • Deal synergies ahead of schedule  100% expected beginning 1/1/2026

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![](a3q25fbkearningspresenta005.jpg)

4 3Q 2025 Earnings Quarter ended $ Change from $ in thousands, except per share data 3Q25 2Q25 3Q24 2Q25 3Q24 Total Revenue 173,875 76,863 89,520 97,012 84,355 Provision for credit losses 34,417 5,337 1,914 29,080 32,503 Noninterest Expense 109,856 81,261 76,212 28,595 33,644 Pre-tax (loss) income 29,602 (9,735) 11,394 39,337 18,208 Income tax (benefit) expense 6,227 (12,652) 1,174 18,879 5,053 Noncontrolling Interest - 8 - (8) - Net income 23,375 2,909 10,220 20,466 13,155 Selected items impact1 34,231 37,912 29,912 (3,681) 4,319 Adjusted net income2 57,606 40,821 40,132 16,785 17,474 Diluted earnings per share $0.43 $0.06 $0.22 $0.37 $0.21 Adjusted diluted earnings per share2 $1.07 $0.88 $0.86 $0.19 $0.21 Selected Items Impact1 3Q25 Income before income taxes 29,602 Plus initial provision for credit losses on acquired loans and unfunded commitments 28,366 Plus merger and integration costs 16,057 Less other items, net (904) Income tax expense, adjusted for items above 17,323 Adjusted Net Income2 57,606 Net Income 23,375 Selected items impact1 34,231 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. • 3Q results include a full quarter's impact from Southern States merger • Net interest income up due to larger balance sheet and accretive impact from acquired loans • Provision expense includes day one impact of reserves for acquired non-PCD loans and unfunded commitments • Noninterest expense up across most categories from the addition of Southern States & higher performance- based incentive accruals • M&I costs peaked in 3Q from deal closure & conversion

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![](a3q25fbkearningspresenta006.jpg)

5 Driving shareholder value ¹ Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 2 3Q25 calculation is preliminary and subject to change. $2.64 $2.57 $2.48 $1.34 $2.92 $3.01 $3.40 $2.82 2022 2023 2024 YTD Earnings per share Adjusted earnings per share Earnings per Share $14 $14 $20 $22 $25 $27 $30 $28 $31 $34 $37 $12 $12 $15 $17 $19 $22 $25 $23 $26 $28 $30 3Q16 2016 2017 2018 2019 2020 2021 2022 2023 2024 3Q25 BVPS TBVPS 15.1% 15.2% 15.2% 14.7% 13.5% 3Q24 4Q24 1Q25 2Q25 3Q25 0.96% 0.87% 0.79% 0.97% 0.94% 3Q24 4Q24 1Q25 2Q25 3Q25 $53.8 $59.8 $52.1 $58.6 $81.0 3Q24 4Q24 1Q25 2Q25 3Q25 Book Value per Share Total RBC Ratio2 NPLs / Total Loans HFIAdjusted ROATCE1Adjusted PPNR1 (in millions) 1 1 $1,313 $1,319 $1,354 $1,364 $1,594 12.7% 12.2% 12.3% 12.4% 14.7% 3Q24 4Q24 1Q25 2Q25 3Q25 Tangible Common Equity Adj ROATCE11

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![](a3q25fbkearningspresenta007.jpg)

6 Net Interest Margin $106.6 $109.0 $108.4 $112.2 $148.1 3.55% 3.50% 3.55% 3.68% 3.95% 3Q24 4Q24 1Q25 2Q25 3Q25 FTE NII / NIM Trend ($ in millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 2Q25 Net Interest Income 112,236 Impact of loan rate & volume changes 40,965 Impact of deposit rate changes 2,929 Impact of deposit volume changes (19,688) SSBK purchase mark accretion/(amortization) 6,162 Impact of change in cash 5,250 Day count & other 234 3Q25 Net Interest Income 148,088 • Increased net interest income (NII) from the addition of Southern States' balance sheet in the period, coupled with organic QoQ loan growth • Net interest margin (NIM) benefits from Southern States historically higher pre-merger margin • Net impact of accretion/(amortization) from Southern States totalled ~$6.2 million • ~7mm from loans & ~($838) thousand from deposits/debt

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![](a3q25fbkearningspresenta008.jpg)

7 Noninterest Income & Expense $76.2 $81.3 $109.9 85.1% 105.7% 63.2% 3Q24 2Q25 3Q25 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $76.2 $78.5 $93.5 58.4% 56.9% 53.3% 3Q24 2Q25 3Q25 Core Noninterest Expense ($ millions) Core Noninterest Expense Core Efficiency Ratio $(16.5) $(34.6) $26.6 $24.0 $25.8 $27.3 Noninterest Income ($ millions) Noninterest Income Core 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: • Increase of $455 thousand in Mortgage and $305 thousand in Investment Svc • Service charges & ATM/Interchange up as a result of the Southern States acquisition • Compared quarters include securities sale losses of ~$60 million and ~$40 million, in 2Q25 and 3Q24, respectively Noninterest expense: • Full quarter impact from Southern States acquisition – notable impacts in Salaries & Benefits and Occupancy expense • Higher performance-based incentive accruals compared to prior quarter • Non-recurring merger & integration expenses for Southern States transaction peaked in the quarter 2Q253Q24 3Q25

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8 Loans HFI $9.48 $9.60 $9.77 $9.87 $12.30 6.70% 6.51% 6.41% 6.44% 6.75% 3Q 24 4Q 24 1Q 25 2Q25 3Q25 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 15% 1-4 family HELOC 6% Multifamily 6% C&D 10% CRE 23% C&I 35% Other 5% Portfolio Mix $12.3 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 marginal tax rate of 26.06%. 1 2 • ~$2.3 billion in loan HFI balances acquired during the quarter due to the completion of the Southern States merger • Organic loan growth in the combined company loan portfolio of ~$156mm, or 5% annualized • Notable organic growth categories include – Residential real-estate, Owner-occupied commercial real estate, and Consumer & Other • Lift in loan yield attributable to historically higher yield on acquired Southern States portfolio, coupled with new loan origination activity coming on at rates higher than the portfolio average

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![](a3q25fbkearningspresenta010.jpg)

9 Residential Development 38% Commercial 38% Consumer 16% Multifamily 8% Construction 28% Land 6% Lots 4% Office 18% Retail 22% Hotel 17% Warehouse/Industrial 18% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 5% Other 9% Diversified loan portfolio CRE2 exposure by type Note: Data as of September 30, 20251 C&I includes owner-occupied CRE. 2 Excludes owner-occupied CRE. C&D exposure by type C&I1 Exposure by Industry ($ millions) Industry C&I CRE-OO Total % of Total Real estate rental and leasing $314 $343 $657 15% Manufacturing 230 239 469 11% Retail trade 89 301 390 9% Other services (except public administration) 67 279 346 8% Finance and insurance 314 18 332 8% Wholesale trade 174 134 308 7% Health care and social assistance 56 212 268 6% Construction 160 101 261 6% Accommodation and food services 75 153 228 5% Information 184 15 199 5% Professional, scientific and technical services 132 55 187 5% Transportation and warehousing 96 67 163 4% Administrative and support and waste management and remediation services 79 35 114 3% Arts, entertainment and recreation 44 45 89 2% Other 141 128 269 6% Total $2,155 $2,125 $4,280 100% Land 21% Retail 2% Other 15% Construction 13% Land 3%

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10 Nashville 43% Memphis 8%Knoxville 3% Huntsville 6% Birmingham 11% Chattanooga 1% Other 9% Communities 19% Class A 26% Class B 41% Class C 12% Under $2 Million 21% Office exposure • Office loans as of 3Q25 – • Represent 4% of total Loans HFI population • 99% of portfolio is pass rated and current • 29% of portfolio matures by year-end 2026 • 55% fixed rate & 45% 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 Geographic exposure Note: Data as of September 30, 2025. Data is only non-owner occupied CRE & C&D loans. Data excludes medical office buildings. Credit detail by class Class Outstanding Avg. Balance Wtd. Avg. LTV Wtd. Avg Occupancy Class A > $2 million $142.3 $9.5 49.4% 94.5% Class B > $2 million 229.7 5.7 63.3% 79.9% Class C > $2 million 64.0 5.8 64.0% 83.9% Total > $2 million 436.0 6.6 58.9% 85.2% Total < $2 million 119.1 0.6 N/A N/A Total Office $555.1 $2.0 N/A NA Exposure by class

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![](a3q25fbkearningspresenta012.jpg)

11 Valuable deposit base Cost of deposits 20.3% 18.9% 19.3% 19.2% 19.5% 2.83% 2.70% 2.54% 2.48% 2.53% 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% 3Q24 4Q24 1Q25 2Q25 3Q25 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by customer segment ($billions) • ~$2.5 billion in deposit balances acquired during the quarter due to the completion of the Southern States merger • Post-merger net deposit balances declined during the quarter by ~$59 million • Strategic run-off of higher cost non-relationship deposits & brokered deposit balances • Run-off balances partially replaced with core bank deposits generated through retail bank deposit gathering programs Highlights Noninterest -bearing checking 19% Interest- bearing checking 18% Money market & savings 43% Time 20% 37% Checking accounts 3Q25 Deposit composition $4.7 $4.9 $4.9 $4.8 $6.0 $4.9 $4.8 $4.7 $4.8 $6.0 $1.4 $1.6 $1.6 $1.8 $1.8 3Q24 4Q24 1Q25 2Q25 3Q25 Consumer Commercial Public $11.0 $11.3 $11.2 $11.4 $13.8

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12 Asset Quality Metrics 0.76% 0.69% 0.63% 0.76% 0.76% 0.23% 0.24% 0.21% 0.16% 0.13% 0.99% 0.93% 0.84% 0.92% 0.89% 3Q24 4Q24 1Q25 2Q25 3Q25 Nonperforming Assets / Assets Other NPAs Optional GNMA repurchase • Allowance build driven by the completion of the Southern States merger, which includes an allowance build of $7.5 million for PCD loans and $25.1 million for non-PCD loans • Reported provision expense of $34.4 million, includes day one provision expense of $25.1 million for acquired non- PCD loans and $3.2 million for unfunded commitments • Provision expense (excluding merger-related impact) of $6.1 million due to balance growth and changes in economic forecast $156 $152 $151 $149 $185 1.65% 1.58% 1.54% 1.51% 1.50% 3Q24 4Q24 1Q25 2Q25 3Q25 Allowance for Credit Losses & Coverage Ratio ($ millions) ACL ACL Coverage Ratio 1 Excludes the impact of the day one provision expense for non-PCD acquired loans and unfunded commitments from the Southern States merger. 2 Includes other real estate owned and repossessed assets–see page 14 of the Third Quarter 2025 Financial Supplement. Highlights 2 $1,914 $7,084 $2,292 $5,337 $34,417 0.03% 0.47% 0.14% 0.02% 0.05% 3Q24 4Q24 1Q25 2Q25 3Q25 Provision for Credit Losses & Net Charge Offs ($ thousands) Provision for Credit Losses NCO Ratio (ann.) $28.4MM Day one Provision Expense $6.1MM Prov Expense 1

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![](a3q25fbkearningspresenta014.jpg)

13 1.65% 1.43% 1.20% 0.87% 2.83% 1.47% 1.61% 1.81% 3.96% 1.51% 1.13% 1.20% 0.87% 2.14% 1.86% 1.82% 1.35% 3.10% 1.50% 1.21% 1.18% 0.96% 2.33% 1.60% 1.78% 1.48% 3.35% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC Consumer & Other 3Q24 2Q25 3Q25 Allowance Modeling & Reserve Allocation ACL on loans HFI / Loans HFI by category • QoQ decline in the National Housing Price Index (HPI) forecast assumption drove increased reserves in portfolios that correlate closely to that metric – namely Construction, HELOC, and portions of Consumer & Other • Other forecast assumptions remained relatively steady • 1.50% ACL coverage ratio at period end Key forecast inputs1 4Q25 1Q26 2Q26 3Q26 National Unemployment Rate 4.4 4.5 4.6 4.7 CRE Price Index 1.1 1.3 1.3 1.4 National Housing Price Index 1.2 2.3 (1.2) (1.6) Prime Rate 6.5 6.3 6.0 5.8 1 Source: Moody's "September 2025 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, September 2025.

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![](a3q25fbkearningspresenta015.jpg)

14 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 86% Subordinated Notes 5% Tier 2 ACL 9% Total regulatory capital: $1,924 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 2 3Q25 calculation is preliminary and subject to change. 3 Includes capacity from internal policy and does not include loans held at the REIT that could be pledged for additional capacity. On-balance sheet liquidity ($mm) $1,462 $1,644 $1,498 $1,713 $1,890 11.5% 12.7% 11.6% 13.1% 11.9% 3Q24 4Q24 1Q25 2Q25 3Q25 On-balance sheet liquidity On-balance sheet liquidity / tangible assets Capital Position 3Q24 2Q25 3Q25 Shareholder's Equity/Assets 12.1% 12.1% 12.2% TCE/TA1 10.4% 10.4% 10.1% Common Equity Tier 12 12.7% 12.3% 11.7% Tier 1 Risk-Based2 13.0% 12.6% 11.7% Total Risk-Based2 15.1% 14.7% 13.5% AOCI Adjusted Ratios:1,2 Adj. Common Equity Tier 1 11.5% Adjusted Total Risk-Based 13.3% 1 • Capital and liquidity levels remain strong and better than originally projected post-merger with Southern States • Executed ~$24 million in share buy backs in 3Q25 • Securities portfolio makes up 9% of total assets and does not include any HTM securities • 3Q25 available sources of liquidity – • $1.9 billion on-balance sheet • $7.8 billion Total other sources3

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15 Mortgage results • Mortgage segment pre-tax net contribution of $2.7 million, driven by lower provision and expenses • The elevated provision expense in 2Q25 did not repeat, increase was a one-time item related to a change in accounting estimate for ACL in 2Q • Lower lock and loan sale volumes in 3Q, more than offset by favorable valuation adjustments on loans held- for-sale (HFS) and mortgage servicing rights, net of hedging 2.84% 2.71% 2.51% 2.86% 2.69% 3Q24 4Q24 1Q25 2Q25 3Q25 Interest rate lock commitment volume ($mm) Mortgage gain on sale margin $314 $258 $329 $402 $272 $67 $58 $53 $55 $72 $381 $316 $382 $457 $344 3Q24 4Q24 1Q25 2Q25 3Q25 Purchase Refinance Highlights Mortgage Banking Segment ($ thousands) 3Q24 2Q25 3Q25 Total Revenue $13,555 $15,674 $15,938 Provision for loan losses 53 4,755 347 Noninterest expense 13,098 13,931 12,887 Pre-tax net contribution (loss) after allocations 404 (3,012) 2,704 Total Assets 583,087 617,408 646,805 Efficiency Ratio 96.6% 88.9% 80.9% Core Efficiency Ratio1 96.7% 89.1% 80.9% 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein.

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16 FBK & SSBK Combination Summary Deal Announced March 31, 2025 Regulatory Approval June 12, 2025 Shareholder Approval June 26, 2025 Legal Close July 1, 2025 System Conversion Completed Sept. 2, 2025 Merger timeline: Merger update:  Deal closed July 1, 2025 ~90 days from announcement to close  System conversion complete  Deal synergies finalized  Deal economics remain solid  All team members onboarded & working as one organization  All clients converted & being served under FirstBank brand Deal metrics Deal Assumptions Status Close timeline 4Q25 3Q 25 close & conversion Cost savings 25% in 2025 75% in 2026 100% thereafter 50% in 2025 100% in 2026 100% thereafter Transaction Costs ~$38 million Better than expected 2026 EPS accretion ~12% Better than expected 2026 Efficiency ratio ~50% On track Tangible book value per share dilution (%) < (4.0%) On track TBV earn back < 2 years Better than expected 1 Represents transaction costs recorded at Southern States pre-close and costs recorded at FBK pre & post close.

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17 3Q earnings impact Loans HFI mark accretion ~$7 million Time-deposit mark amortization ~$500 thousand Sub-Debt mark amortization ~$330 thousand Core deposit intangible (CDI) amortization ~$1.5 million Day 1 Provision Expense ~$28.4 million Southern States Deal Summary $ Millions Total deal consideration $368 SSBK common equity at close 290 Purchase accounting adjustments: Loan marks (71) Securities marks (3) Sub-debt marks 9 Core deposit intangible (CDI) 31 Other, net 3 Total adjustments (30) Goodwill created $108 FBK & SSBK Combination Purchase Accounting Impact

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18 Appendix

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![](a3q25fbkearningspresenta020.jpg)

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

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![](a3q25fbkearningspresenta021.jpg)

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

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![](a3q25fbkearningspresenta022.jpg)

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

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![](a3q25fbkearningspresenta023.jpg)

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

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![](a3q25fbkearningspresenta024.jpg)

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

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![](a3q25fbkearningspresenta025.jpg)

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

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![](a3q25fbkearningspresenta026.jpg)

25 GAAP reconciliations and use of non-GAAP financial measures Adjusted Common Equity Tier 1 and Total Risk-Based capital ratios

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![](a3q25fbkearningspresenta027.jpg)

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

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![](a3q25fbkearningspresenta028.jpg)

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

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![](a3q25fbkearningspresenta029.jpg)

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

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![](a3q25fbkearningspresenta030.jpg)

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

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![](a3q25fbkearningspresenta031.jpg)

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

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![](a3q25fbkearningspresenta032.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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![](a3q25fbkearningspresenta033.jpg)

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

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![](a3q25fbkearningspresenta034.jpg)

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

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![](a3q25fbkearningspresenta035.jpg)

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

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