# EDGAR Filing Document

**Accession Number:** 0001649749
**File Stem:** 0001649749-25-000178
**Filing Date:** 2025-7
**Character Count:** 173321
**Document Hash:** 68b700f95b4e0427ae12aaa3b36e24c9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001649749-25-000178.hdr.sgml**: 20250714

**ACCESSION NUMBER**: 0001649749-25-000178

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 51

**CONFORMED PERIOD OF REPORT**: 20250714

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

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250714

**DATE AS OF CHANGE**: 20250714

**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:** 251121910

**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-20250714

**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): July 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:

---

| | | |
|:---|:---|:---|
| 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 July 14, 2025, FB Financial Corporation ("***FB Financial***") issued a press release announcing its financial results for the second quarter ended June 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 July 15, 2025, FB Financial will host a conference call to discuss financial results for the quarter ended June 30, 2025.

On July 14, 2025, FB Financial made available on its website (investors.firstbankonline.com) supplemental financial information for the second quarter ended June 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 June 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](a2q25pressreleasetablesfor.htm)</u> | <u>[Earnings Release issued July 14, 2025](a2q25pressreleasetablesfor.htm)</u> |
| <u>[99.2](a2q25supplementalfinancial.htm)</u> | <u>[Financial Supplement for the quarter ended June 30, 2025](a2q25supplementalfinancial.htm)</u> |
| <u>[99.3](a2q25fbkearningspresenta.htm)</u> | <u>[Earnings Presentation dated July 15, 2025](a2q25fbkearningspresenta.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 |
| | | (Principal Financial Officer) |
| Date: July 14, 2025 |  |  |

---

## Exhibit 99.1

![fb_suppa01a.jpg](fb_suppa01a.jpg)

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

**Reports Q2 Diluted EPS of $0.06, Adjusted Diluted EPS\* of $0.88** 

NASHVILLE, TENNESSEE—July 14, 2025-- FB Financial Corporation (the "Company") (NYSE: FBK), parent company of FirstBank, reported net income of $2.9 million, or $0.06 per diluted common share, for the second quarter of 2025, compared to $0.84 in the previous quarter and $0.85 in the second quarter of last year. Adjusted net income\* was $40.8 million, or $0.88 per diluted common share, compared to $0.85 in the previous quarter and $0.84 in the second quarter of last year. The Company reported adjusted pre-tax, pre-provision net revenue\* of $58.6 million for the second quarter of 2025, reflecting increases of 12.5% and 12.0% from $52.1 million and $52.4 million in the previous quarter and second quarter of last year, respectively.

The Company ended the second quarter of 2025 with loans held for investment ("HFI") of $9.87 billion compared to $9.77 billion at the end of the previous quarter, a 4.22% annualized increase, and $9.31 billion at the end of the second quarter of last year, a 6.07% increase. Deposits were $11.40 billion as of June 30, 2025, compared to $11.20 billion as of March 31, 2025, a 7.21% annualized increase, and $10.47 billion as of June 30, 2024, an 8.94% increase. Net interest margin ("NIM") was 3.68% for the second quarter of 2025, compared to 3.55% in the prior quarter and 3.57% in the second quarter of 2024. The Company elected to sell $266.5 million of available-for-sale debt securities in June resulting in a $60.5 million GAAP loss which has been adjusted from earnings in the Company's computations of adjusted results and performance measures for the second quarter. The Company ended the quarter with book value per common share of $35.17 and tangible book value per common share\* of $29.78.

President and Chief Executive Officer, Christopher T. Holmes stated, "The Company delivered solid operating results in the second quarter with growth in both loans and customer deposits, a healthy net interest margin and managed expense growth, along with strong capital and liquidity positions. Additionally, we repositioned our balance sheet by selling low-yielding securities which will further enhance both our liquidity and margin moving forward. With the momentum of the quarter, the impact of the balance sheet enhancements and the July 1st closing of the Southern States Bancshares, Inc. ("Southern States") merger, we are well-positioned for the second half of the year."

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Annualized** | |
| *(dollars in thousands, except share data)* | **Jun 2025** | **Mar 2025** | **Jun 2024** | **Jun 25 / Mar 25% Change** | **Jun 25 / Jun 24% Change** |
| **<u>Balance Sheet Highlights</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment securities, at fair value | $1337565 | $1580720 | $1482379 | (61.7)% | (9.77)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans held for sale | 144212 | 172770 | 106875 | (66.3)% | 34.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans HFI | 9874282 | 9771536 | 9309553 | 4.22% | 6.07% |
| &nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on loans HFI | (148948) | (150531) | (155055) | (4.22)% | (3.94)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | 13354238 | 13136449 | 12535169 | 6.65% | 6.53% |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits (non-brokered) | 8692848 | 8623636 | 8130704 | 3.22% | 6.91% |
| &nbsp;&nbsp;&nbsp;&nbsp; Brokered deposits | 518719 | 414428 | 150113 | 100.9% | 245.6% |
| &nbsp;&nbsp;&nbsp;&nbsp; Noninterest-bearing deposits | 2191903 | 2163934 | 2187185 | 5.18% | 0.22% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total deposits | 11403470 | 11201998 | 10468002 | 7.21% | 8.94% |
| &nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 164485 | 168944 | 360944 | (10.6)% | (54.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on unfunded<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; commitments | 12932 | 6493 | 5984 | 397.8% | 116.1% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total common shareholders' equity | 1611130 | 1601962 | 1500502 | 2.30% | 7.37% |
| Book value per common share | $35.17 | $34.44 | $32.17 | 8.50% | 9.33% |
| Tangible book value per common share\* | $29.78 | $29.12 | $26.82 | 9.09% | 11.0% |
| Total common shareholders' equity to total assets | 12.1% | 12.2% | 12.0% |  |  |
| Tangible common equity to tangible assets\* | 10.4% | 10.5% | 10.2% |  |  |
| *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Second 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 Second 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 Second 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 Second 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 Second 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 Second Quarter 2025 Financial Supplement.* |

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**FB Financial Corporation**

Second Quarter 2025 Results

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| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| *(dollars in thousands, except share data)* | **Jun 2025** | **Mar 2025** | **Jun 2024** |
| **<u>Statement of Income Highlights</u>** |  |  |  |
| Net interest income | $111415 | $107641 | $102615 |
| *&nbsp;&nbsp;&nbsp;&nbsp; NIM* | 3.68% | 3.55% | 3.57% |
| Noninterest (loss) income | $(34552) | $23032 | $25608 |
| *&nbsp;&nbsp;&nbsp;&nbsp; (Loss) gain from securities, net* | $(60549) | $16 | $— |
| *&nbsp;&nbsp;&nbsp;&nbsp; Gain (loss) on sales or write-downs of premises and equipment, other real estate <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; owned and other assets, net* | $236 | $(625) | $(281) |
| Total revenue | $76863 | $130673 | $128223 |
| Noninterest expense | $81261 | $79549 | $75093 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Early retirement and severance costs* | $— | $— | $1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Merger and integration costs* | $2734 | $401 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;*Efficiency ratio* | 105.7% | 60.9% | 58.6% |
| *&nbsp;&nbsp;&nbsp;&nbsp; Core efficiency ratio\** | 56.9% | 59.9% | 58.3% |
| Pre-tax, pre-provision net revenue | $(4398) | $51124 | $53130 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Adjusted pre-tax, pre-provision net revenue\** | $58649 | $52134 | $52369 |
| Provisions for credit losses | $5337 | $2292 | $2224 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Net charge-offs ratio* | 0.02% | 0.14% | 0.02% |
| Net income applicable to FB Financial Corporation | $2909 | $39361 | $39979 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings per common share | $0.06 | $0.84 | $0.85 |
| *&nbsp;&nbsp;&nbsp;&nbsp; Effective tax rate*<sup>(a)</sup> | 130.0% | 19.4% | 21.4% |
| Adjusted net income\* | $40821 | $40108 | $39424 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Adjusted diluted earnings per common share\** | $0.88 | $0.85 | $0.84 |
| Weighted average number of shares outstanding - fully diluted | 46179090 | 47024211 | 46845143 |
| **<u>Returns on average:</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average total assets ("ROAA") | 0.09% | 1.21% | 1.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted\* | 1.26% | 1.23% | 1.28% |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average shareholders' equity | 0.74% | 10.1% | 10.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average tangible common equity ("ROATCE")\* | 0.87% | 11.9% | 13.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted\* | 12.4% | 12.3% | 13.1% |
| *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Second 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 Second 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 Second 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 Second 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 $9.87 billion at the end of the second quarter of 2025, compared to $9.77 billion at the end of the prior quarter. Net growth in loans HFI was driven by increases of $59.0 million in commercial real estate loans, $42.8 million in consumer and other loans, $28.1 million in 1-to-4 family mortgages and $27.6 million in residential lines of credit offset by a decline in multi-family loans of $61.1 million.

Near the end of the second quarter of 2025, the Company elected to sell $266.5 million in available-for-sale debt securities with a weighted average yield of 1.63%. The Company anticipates utilizing the proceeds from this transaction to redeem outstanding subordinated and trust preferred debt, as well as originating higher yielding loans. The securities sold resulted in a GAAP loss of $60.5 million, which has been adjusted from earnings in the Company's computations of adjusted results and performance measures for the second quarter.

The Company reported total deposits of $11.40 billion at the end of the second quarter compared to $11.20 billion at the end of the first quarter. Total cost of deposits decreased to 2.48% during the second quarter compared to 2.54% in the first quarter of 2025. The decrease in cost was driven by moving higher cost deposits off the balance sheet. Noninterest-bearing deposits were $2.19 billion at the end of the quarter compared to $2.16 billion at the end of the first quarter of 2025.

The Company reported net interest income on a tax-equivalent basis in the second quarter of 2025 of $112.2 million compared to $108.4 million in the prior quarter. NIM increased to 3.68% for the second quarter of 2025 from 3.55% for the previous quarter. NIM improvement was driven by an increase in yields on earning assets of 8 basis points and a decrease in rates paid on interest-bearing liabilities of 3 basis points. The contractual yield on loans HFI increased to 6.34% from 6.31% in the first quarter of 2025 and the cost of interest-bearing deposits decreased to 3.10% from 3.13% in the previous quarter.

Holmes continued, "In the second quarter, we took several strategic actions to strengthen the Company's earnings profile, including restructuring our balance sheet. We are deploying the resulting funds to redeem debt, support loan growth and enhance

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**FB Financial Corporation**

Second Quarter 2025 Results

our funding mix in the second half of the year. Our team remains focused on balancing growth, liquidity and credit quality while driving earnings improvement."

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

Core noninterest income\* was $25.8 million for the second quarter of 2025, compared to $23.6 million and $23.8 million for the prior quarter and second quarter of 2024, respectively.

Mortgage banking income was $13.0 million in the second quarter of 2025, compared to $12.4 million in the prior quarter and $11.9 million in the second quarter of 2024.

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

Core noninterest expense\* during the second quarter of 2025 was $78.5 million compared to $79.1 million for the prior quarter and $74.1 million for the second quarter of 2024. During the second quarter of 2025, the Company's core efficiency ratio\*<sup>1</sup> was 56.9%, compared to 59.9% in the previous quarter and 58.3% in the second quarter of 2024. Core banking noninterest expense\* was $64.6 million for the quarter, compared to $66.5 million in the prior quarter and $61.2 million in the second quarter of 2024.

Chief Financial Officer Michael Mettee commented, "Noninterest expense fell within our expectations in the second quarter as we focused on a successful combination with Southern States and the integration of our two institutions. Creating operating leverage remains a key focus as we continue to drive disciplined execution and long-term value."

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

In the second quarter, the Company recorded a provision reversal of $1.1 million related to loans HFI and a provision expense of $6.4 million related to unfunded loan commitments. The Company had an allowance for credit losses on loans HFI as of the end of the second quarter of 2025 of $148.9 million, representing 1.51% of loans HFI compared to $150.5 million, or 1.54% of loans HFI as of March 31, 2025.

The Company had net charge-offs of $0.5 million in the second quarter of 2025, representing annualized net charge-offs of 0.02% of average loans HFI, compared to 0.14% in the prior quarter and 0.02% in the second quarter of 2024.

The Company's nonperforming loans HFI as a percentage of total loans HFI increased to 0.97% as of the end of the second quarter of 2025, compared to 0.79% at both the previous quarter-end and the end of the second quarter of 2024. Nonperforming assets as a percentage of total assets increased to 0.92% as of the end of the second quarter of 2025, compared to 0.84% at the end of the prior quarter and 0.81% as of the end of the second quarter of 2024.

Holmes commented, "Our allowance for credit losses and charge-offs remained stable during the quarter. We saw a small uptick in nonperforming assets during the quarter, but loss content remains limited, and charge-offs continue at modest levels. We remain consistent and disciplined in our credit management approach and maintain our positive outlook for our credit portfolio."

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

The Company maintained its strong capital position in the second quarter, resulting in a preliminary total risk-based capital ratio of 14.7%, preliminary common equity tier 1 ratio of 12.3% and tangible common equity to tangible assets ratio\* of 10.4%. The Company repurchased 811,704 shares during the quarter.

Holmes continued, "With the successful close of our merger with Southern States, the Company enters the second half of the year with enhanced scale and strategic flexibility. We continue to maintain ample capital to support organic growth and pursue inorganic opportunities. Our disciplined approach to capital deployment keeps us well positioned when the right opportunities arise."

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

Holmes finalized, "As we close the second quarter of 2025, we're pleased to mark the successful closing of our merger with Southern States. This merger expands our size, reach and ability to serve our customers and communities with greater impact. The energy across our combined team is strong, and we're focused on delivering enhanced value and performance. With our increased scale and momentum, we are well-positioned to generate stronger returns for our shareholders and seize the opportunities ahead."

**<u>Southern States transaction</u>**

On July 1, 2025, the Company completed its merger with Southern States. At closing, Southern States had approximately $2.87 billion in total assets, loans of $2.32 billion and deposits of $2.47 billion. The Company expects system conversions related to the transaction to be completed in the third quarter of 2025.

*\*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 Second Quarter 2025 Financial Supplement.*

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**FB Financial Corporation**

Second Quarter 2025 Results

**WEBCAST AND CONFERENCE CALL INFORMATION**

FB Financial Corporation will host a conference call to discuss the Company's financial results on July 15, 2025, at 8:00 a.m. (Central Time). To listen to the call, participants should dial 1-877-883-0383 (confirmation code 4376121) approximately 10 minutes prior to the call. A telephonic replay will be available approximately two hours after the call through July 22, 2025, by dialing 1-877-344-7529 and entering confirmation code 1412332.

A live online broadcast of the Company's quarterly conference call will be available online at https://event.choruscall.com/mediaframe/webcast.html?webcastid=KwKnC51G. 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. Including the impact of the merger with Southern States on July 1, 2025, FB Financial Corporation has approximately $16.0 billion in total assets and operates 93 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 |

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**SUPPLEMENTAL FINANCIAL INFORMATION AND EARNINGS PRESENTATION**

Investors are encouraged to review this Earnings Release in conjunction with the Second 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 Second 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 July 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**

Second 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.

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**FB Financial Corporation**

Second Quarter 2025 Results

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

-MORE-

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**FB Financial Corporation**

Second 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** |
|  | **Jun 2025** | **Mar 2025** | **Jun 2024** |
| **Selected Balance Sheet Data** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1165729 | $794706 | $800902 |
| &nbsp;&nbsp;&nbsp;Investment securities, at fair value | 1337565 | 1580720 | 1482379 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 144212 | 172770 | 106875 |
| &nbsp;&nbsp;&nbsp;Loans HFI | 9874282 | 9771536 | 9309553 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI | (148948) | (150531) | (155055) |
| &nbsp;&nbsp;&nbsp;Total assets | 13354238 | 13136449 | 12535169 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits (non-brokered) | 8692848 | 8623636 | 8130704 |
| &nbsp;&nbsp;&nbsp;Brokered deposits | 518719 | 414428 | 150113 |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 2191903 | 2163934 | 2187185 |
| &nbsp;&nbsp;&nbsp;Total deposits | 11403470 | 11201998 | 10468002 |
| &nbsp;&nbsp;&nbsp;Borrowings | 164485 | 168944 | 360944 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on unfunded commitments | 12932 | 6493 | 5984 |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1611130 | 1601962 | 1500502 |
| **Selected Statement of Income Data** |  |  |  |
| &nbsp;&nbsp;&nbsp;Total interest income | $182084 | $179706 | $177413 |
| &nbsp;&nbsp;&nbsp;Total interest expense | 70669 | 72065 | 74798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 111415 | 107641 | 102615 |
| &nbsp;&nbsp;&nbsp;Total noninterest (loss) income | (34552) | 23032 | 25608 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 81261 | 79549 | 75093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Losses) earnings before income taxes and provisions for credit losses | (4398) | 51124 | 53130 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 5337 | 2292 | 2224 |
| &nbsp;&nbsp;&nbsp;Income tax (benefit) expense | (12652) | 9471 | 10919 |
| &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 | $2909 | $39361 | $39979 |
| &nbsp;&nbsp;&nbsp;Net interest income (tax-equivalent basis) | $112236 | $108427 | $103254 |
| &nbsp;&nbsp;&nbsp;Adjusted net income\* | $40821 | $40108 | $39424 |
| &nbsp;&nbsp;&nbsp;Adjusted pre-tax, pre-provision net revenue\* | $58649 | $52134 | $52369 |
| **Per Common Share** |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted net income | $0.06 | $0.84 | $0.85 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted net income\* | 0.88 | 0.85 | 0.84 |
| &nbsp;&nbsp;&nbsp;Book value | 35.17 | 34.44 | 32.17 |
| &nbsp;&nbsp;&nbsp;Tangible book value\* | 29.78 | 29.12 | 26.82 |
| &nbsp;&nbsp;&nbsp;Weighted average number of shares outstanding - fully diluted | 46179090 | 47024211 | 46845143 |
| &nbsp;&nbsp;&nbsp;Period-end number of shares | 45807689 | 46514547 | 46642958 |
| **Selected Ratios** |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets | 0.09% | 1.21% | 1.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | 0.74% | 10.1% | 10.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity\* | 0.87% | 11.9% | 13.1% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 105.7% | 60.9% | 58.6% |
| &nbsp;&nbsp;&nbsp;Core efficiency ratio (tax-equivalent basis)\* | 56.9% | 59.9% | 58.3% |
| &nbsp;&nbsp;&nbsp;Loans HFI to deposit ratio | 86.6% | 87.2% | 88.9% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits to total deposits | 19.2% | 19.3% | 20.9% |
| &nbsp;&nbsp;&nbsp;Net interest margin (tax-equivalent basis) | 3.68% | 3.55% | 3.57% |
| &nbsp;&nbsp;&nbsp;Yield on interest-earning assets | 5.99% | 5.91% | 6.16% |
| &nbsp;&nbsp;&nbsp;Cost of interest-bearing liabilities | 3.13% | 3.16% | 3.56% |
| &nbsp;&nbsp;&nbsp;Cost of total deposits | 2.48% | 2.54% | 2.77% |
| **Credit Quality Ratios** |  |  |  |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.51% | 1.54% | 1.67% |
| &nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.02% | 0.14% | 0.02% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans HFI as a percentage of loans HFI | 0.97% | 0.79% | 0.79% |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percentage of total assets | 0.92% | 0.84% | 0.81% |
| **Preliminary Capital Ratios (consolidated)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity to assets | 12.1% | 12.2% | 12.0% |
| &nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets\* | 10.4% | 10.5% | 10.2% |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage | 11.3% | 11.4% | 11.7% |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital  | 12.6% | 13.1% | 13.0% |
| &nbsp;&nbsp;&nbsp;Total risk-based capital  | 14.7% | 15.2% | 15.1% |
| &nbsp;&nbsp;&nbsp;Common equity Tier 1  | 12.3% | 12.8% | 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 Second Quarter 2025 Financial Supplement.*

-END-

## Exhibit 99.2

![logoa07.jpg](logoa07.jpg)

**Second Quarter 2025**

**Financial Supplement**

------

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| | **<u>Page</u>** |
| Financial Summary and Key Metrics | [4](#ia36520b23b2d4ebaae5e86ae6f90c30a_10) |
| Consolidated Statements of Income | [5](#ia36520b23b2d4ebaae5e86ae6f90c30a_13) |
| Consolidated Balance Sheets | [7](#ia36520b23b2d4ebaae5e86ae6f90c30a_19) |
| Average Balance and Interest Yield/Rate Analysis | [8](#ia36520b23b2d4ebaae5e86ae6f90c30a_22) |
| Investments and Other Sources of Liquidity | [11](#ia36520b23b2d4ebaae5e86ae6f90c30a_28) |
| Loan Portfolio | [12](#ia36520b23b2d4ebaae5e86ae6f90c30a_31) |
| Asset Quality | [13](#ia36520b23b2d4ebaae5e86ae6f90c30a_34) |
| Selected Deposit Data | [14](#ia36520b23b2d4ebaae5e86ae6f90c30a_37) |
| Preliminary Capital Ratios | [15](#ia36520b23b2d4ebaae5e86ae6f90c30a_40) |
| Segment Data | [16](#ia36520b23b2d4ebaae5e86ae6f90c30a_43) |
| Non-GAAP Reconciliations | [17](#ia36520b23b2d4ebaae5e86ae6f90c30a_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** |
|  | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** |
| **Selected Balance Sheet Data** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1165729 | $794706 | $1042488 | $951750 | $800902 |
| &nbsp;&nbsp;&nbsp;Investment securities, at fair value | 1337565 | 1580720 | 1538008 | 1567922 | 1482379 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 144212 | 172770 | 126760 | 103145 | 106875 |
| &nbsp;&nbsp;&nbsp;Loans HFI | 9874282 | 9771536 | 9602384 | 9478129 | 9309553 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI | (148948) | (150531) | (151942) | (156260) | (155055) |
| &nbsp;&nbsp;&nbsp;Total assets | 13354238 | 13136449 | 13157482 | 12920222 | 12535169 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits (non-brokered) | 8692848 | 8623636 | 8625113 | 8230867 | 8130704 |
| &nbsp;&nbsp;&nbsp;Brokered deposits | 518719 | 414428 | 469089 | 519200 | 150113 |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 2191903 | 2163934 | 2116232 | 2226144 | 2187185 |
| &nbsp;&nbsp;&nbsp;Total deposits | 11403470 | 11201998 | 11210434 | 10976211 | 10468002 |
| &nbsp;&nbsp;&nbsp;Borrowings | 164485 | 168944 | 176789 | 182107 | 360944 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on unfunded commitments | 12932 | 6493 | 6107 | 6042 | 5984 |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1611130 | 1601962 | 1567538 | 1562329 | 1500502 |
| **Selected Statement of Income Data** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total interest income | $182084 | $179706 | $186369 | $185628 | $177413 |
| &nbsp;&nbsp;&nbsp;Total interest expense | 70669 | 72065 | 77988 | 79611 | 74798 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 111415 | 107641 | 108381 | 106017 | 102615 |
| &nbsp;&nbsp;&nbsp;Total noninterest (loss) income | (34552) | 23032 | 21997 | (16497) | 25608 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 81261 | 79549 | 73174 | 76212 | 75093 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Losses) earnings before income taxes and provisions for credit <br> losses | (4398) | 51124 | 57204 | 13308 | 53130 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 5337 | 2292 | 7084 | 1914 | 2224 |
| &nbsp;&nbsp;&nbsp;Income tax (benefit) expense | (12652) | 9471 | 12226 | 1174 | 10919 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interest | 8 |  | 8 |  | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial Corporation | $2909 | $39361 | $37886 | $10220 | $39979 |
| &nbsp;&nbsp;&nbsp;Net interest income (tax-equivalent basis) | $112236 | $108427 | $109004 | $106634 | $103254 |
| &nbsp;&nbsp;&nbsp;Adjusted net income\* | $40821 | $40108 | $39835 | $40132 | $39424 |
| &nbsp;&nbsp;&nbsp;Adjusted pre-tax, pre-provision net revenue\* | $58649 | $52134 | $59829 | $53762 | $52369 |
| **Per Common Share** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted net income | $0.06 | $0.84 | $0.81 | $0.22 | $0.85 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted net income\* | 0.88 | 0.85 | 0.85 | 0.86 | 0.84 |
| &nbsp;&nbsp;&nbsp;Book value | 35.17 | 34.44 | 33.59 | 33.48 | 32.17 |
| &nbsp;&nbsp;&nbsp;Tangible book value\* | 29.78 | 29.12 | 28.27 | 28.15 | 26.82 |
| &nbsp;&nbsp;&nbsp;Weighted average number of shares outstanding - fully diluted | 46179090 | 47024211 | 46862935 | 46803330 | 46845143 |
| &nbsp;&nbsp;&nbsp;Period-end number of shares | 45807689 | 46514547 | 46663120 | 46658019 | 46642958 |
| **Selected Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets | 0.09% | 1.21% | 1.14% | 0.32% | 1.30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | 0.74% | 10.1% | 9.63% | 2.67% | 10.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity\* | 0.87% | 11.9% | 11.5% | 3.19% | 13.1% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 105.7% | 60.9% | 56.1% | 85.1% | 58.6% |
| &nbsp;&nbsp;&nbsp;Core efficiency ratio (tax-equivalent basis)\* | 56.9% | 59.9% | 54.6% | 58.4% | 58.3% |
| &nbsp;&nbsp;&nbsp;Loans HFI to deposit ratio | 86.6% | 87.2% | 85.7% | 86.4% | 88.9% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits to total deposits | 19.2% | 19.3% | 18.9% | 20.3% | 20.9% |
| &nbsp;&nbsp;&nbsp;Net interest margin (NIM) (tax-equivalent basis) | 3.68% | 3.55% | 3.50% | 3.55% | 3.57% |
| &nbsp;&nbsp;&nbsp;Yield on interest-earning assets | 5.99% | 5.91% | 6.01% | 6.20% | 6.16% |
| &nbsp;&nbsp;&nbsp;Cost of interest-bearing liabilities | 3.13% | 3.16% | 3.40% | 3.63% | 3.56% |
| &nbsp;&nbsp;&nbsp;Cost of total deposits | 2.48% | 2.54% | 2.70% | 2.83% | 2.77% |
| **Credit Quality Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.51% | 1.54% | 1.58% | 1.65% | 1.67% |
| &nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.02% | 0.14% | 0.47% | 0.03% | 0.02% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans HFI as a percentage of loans HFI | 0.97% | 0.79% | 0.87% | 0.96% | 0.79% |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percentage of total assets | 0.92% | 0.84% | 0.93% | 0.99% | 0.81% |
| **Preliminary Capital Ratios (consolidated)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity to assets | 12.1% | 12.2% | 11.9% | 12.1% | 12.0% |
| &nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets\* | 10.4% | 10.5% | 10.2% | 10.4% | 10.2% |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage | 11.3% | 11.4% | 11.3% | 11.5% | 11.7% |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital | 12.6% | 13.1% | 13.1% | 13.0% | 13.0% |
| &nbsp;&nbsp;&nbsp;Total risk-based capital | 14.7% | 15.2% | 15.2% | 15.1% | 15.1% |
| &nbsp;&nbsp;&nbsp;Common equity Tier 1 | 12.3% | 12.8% | 12.8% | 12.7% | 12.7% |

---

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

FB Financial Corporation 4

------

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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)* |
|  |  |  |  |  |  | **Jun 2025** | **Jun 2025** |
|  |  |  |  |  |  | **vs.** | **vs.** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Mar 2025** | **Jun 2024** |
|  | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Percent variance** | **Percent variance** |
| Interest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans | $159697 | $153185 | $156792 | $158625 | $155379 | 4.25% | 2.78% |
| &nbsp;&nbsp;&nbsp;Interest on investment securities |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 14661 | 14471 | 15043 | 13943 | 11966 | 1.31% | 22.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 1036 | 1033 | 1035 | 1104 | 1168 | 0.29% | (11.3)% |
| &nbsp;&nbsp;&nbsp;Other | 6690 | 11017 | 13499 | 11956 | 8900 | (39.3)% | (24.8)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 182084 | 179706 | 186369 | 185628 | 177413 | 1.32% | 2.63% |
| Interest expense: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 68568 | 70249 | 76131 | 76088 | 71501 | (2.39)% | (4.10)% |
| &nbsp;&nbsp;&nbsp;Borrowings | 2101 | 1816 | 1857 | 3523 | 3297 | 15.7% | (36.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 70669 | 72065 | 77988 | 79611 | 74798 | (1.94)% | (5.52)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 111415 | 107641 | 108381 | 106017 | 102615 | 3.51% | 8.58% |
| (Reversal of) provision for credit losses on loans HFI | (1102) | 1906 | 7019 | 1856 | 3940 | (157.8)% | (128.0)% |
| Provision for (reversal of) credit losses on unfunded <br> commitments | 6439 | 386 | 65 | 58 | (1716) | NM | (475.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provisions for credit <br> losses | 106078 | 105349 | 101297 | 104103 | 100391 | 0.69% | 5.66% |
| Noninterest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 13029 | 12426 | 10586 | 11553 | 11910 | 4.85% | 9.40% |
| &nbsp;&nbsp;&nbsp;Investment services and trust income | 3922 | 3711 | 3853 | 3721 | 3387 | 5.69% | 15.8% |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 3392 | 3479 | 3548 | 3378 | 3167 | (2.50)% | 7.10% |
| &nbsp;&nbsp;&nbsp;ATM and interchange fees | 2878 | 2677 | 2867 | 2840 | 2814 | 7.51% | 2.27% |
| &nbsp;&nbsp;&nbsp;(Loss) gain from securities, net | (60549) | 16 |  | (40165) |  | NM | (100.0)% |
| &nbsp;&nbsp;&nbsp;Gain (loss) on sales or write-downs of premises and&nbsp;&nbsp;&nbsp;&nbsp;equipment, other real estate owned and other assets, net | 236 | (625) | (2162) | (289) | (281) | (137.8)% | (184.0)% |
| &nbsp;&nbsp;&nbsp;Other income | 2540 | 1348 | 3305 | 2465 | 4611 | 88.4% | (44.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest (loss) income | (34552) | 23032 | 21997 | (16497) | 25608 | (250.0)% | (234.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Total revenue* | *76863* | *130673* | *130378* | *89520* | *128223* | (41.2)% | (40.1)% |
| Noninterest expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 46631 | 48351 | 45432 | 47538 | 46225 | (3.56)% | 0.88% |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment expense | 6710 | 6597 | 6668 | 6640 | 6328 | 1.71% | 6.04% |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 2734 | 401 |  |  |  | 581.8% | 100.0% |
| &nbsp;&nbsp;&nbsp;Legal and professional fees | 2426 | 1992 | 1881 | 1900 | 1979 | 21.8% | 22.6% |
| &nbsp;&nbsp;&nbsp;Advertising | 2178 | 2487 | 2030 | 1947 | 1859 | (12.4)% | 17.2% |
| &nbsp;&nbsp;&nbsp;Data processing | 2161 | 2313 | 2462 | 2486 | 2286 | (6.57)% | (5.47)% |
| &nbsp;&nbsp;&nbsp;Amortization of core deposits and other intangibles | 631 | 656 | 687 | 719 | 752 | (3.81)% | (16.1)% |
| &nbsp;&nbsp;&nbsp;Other expense | 17790 | 16752 | 14014 | 14982 | 15664 | 6.20% | 13.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 81261 | 79549 | 73174 | 76212 | 75093 | 2.15% | 8.21% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Loss) income before income taxes | (9735) | 48832 | 50120 | 11394 | 50906 | (119.9)% | (119.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax (benefit) expense | (12652) | 9471 | 12226 | 1174 | 10919 | (233.6)% | (215.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial <br>Corporation and noncontrolling interest | 2917 | 39361 | 37894 | 10220 | 39987 | (92.6)% | (92.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interest | 8 |  | 8 |  | 8 | 100.0% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial <br>Corporation | $2909 | $39361 | $37886 | $10220 | $39979 | (92.6)% | (92.7)% |
| Weighted average common shares outstanding: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 45946428 | 46674698 | 46662772 | 46650563 | 46762488 | (1.56)% | (1.75)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 46179090 | 47024211 | 46862935 | 46803330 | 46845143 | (1.80)% | (1.42)% |
| Earnings per common share: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.06 | $0.84 | $0.81 | $0.22 | $0.85 | (92.9)% | (92.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 0.06 | 0.84 | 0.81 | 0.22 | 0.85 | (92.9)% | (92.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted - adjusted\* | 0.88 | 0.85 | 0.85 | 0.86 | 0.84 | 3.53% | 4.76% |

---

*\*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)* |
|  |  |  | **Jun 2025** |
|  |  |  | **vs.** |
|  | **Six Months Ended** | **Six Months Ended** | **Jun 2024** |
|  | **Jun 2025** | **Jun 2024** | **Percent variance** |
| Interest income: |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans | $312882 | $310985 | 0.61% |
| &nbsp;&nbsp;&nbsp;Interest on investment securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 29132 | 21071 | 38.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 2069 | 2610 | (20.7)% |
| &nbsp;&nbsp;&nbsp;Other | 17707 | 18875 | (6.19)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 361790 | 353541 | 2.33% |
| Interest expense: |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 138817 | 144126 | (3.68)% |
| &nbsp;&nbsp;&nbsp;Borrowings | 3917 | 7310 | (46.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 142734 | 151436 | (5.75)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 219056 | 202105 | 8.39% |
| Provision for credit losses on loans HFI | 804 | 5792 | (86.1)% |
| Provision for (reversal of) credit losses on unfunded commitments | 6825 | (2786) | (345.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provisions for credit losses | 211427 | 199099 | 6.19% |
| Noninterest income: |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 25455 | 24495 | 3.92% |
| &nbsp;&nbsp;&nbsp;Investment services and trust income | 7633 | 6617 | 15.4% |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 6871 | 6308 | 8.93% |
| &nbsp;&nbsp;&nbsp;ATM and interchange fees | 5555 | 5758 | (3.53)% |
| &nbsp;&nbsp;&nbsp;Loss from securities, net | (60533) | (16213) | 273.4% |
| &nbsp;&nbsp;&nbsp;(Loss) gain on sales or write-downs of premises and equipment, other real estate owned and other asset net | (389) | 284 | *(237.0) %* |
| &nbsp;&nbsp;&nbsp;Other income | 3888 | 6321 | (38.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest (loss) income | (11520) | 33570 | (134.3)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Total revenue* | *207536* | *235675* | (11.9)% |
| Noninterest expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 94982 | 90843 | 4.56% |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment expense | 13307 | 12942 | 2.82% |
| &nbsp;&nbsp;&nbsp;Advertising | 4665 | 3030 | 54.0% |
| &nbsp;&nbsp;&nbsp;Data processing | 4474 | 4694 | (4.69)% |
| &nbsp;&nbsp;&nbsp;Legal and professional fees | 4418 | 3898 | 13.3% |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 3135 |  | 100.0% |
| &nbsp;&nbsp;&nbsp;Amortization of core deposit and other intangibles | 1287 | 1541 | (16.5)% |
| &nbsp;&nbsp;&nbsp;Other expense | 34542 | 30565 | 13.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 160810 | 147513 | 9.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 39097 | 85156 | (54.1)% |
| &nbsp;&nbsp;&nbsp;Income tax (benefit) expense | (3181) | 17219 | (118.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interest and FB Financial Corporation | 42278 | 67937 | (37.8)% |
| &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 | $42270 | $67929 | (37.8)% |
| Weighted average common shares outstanding: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 46308551 | 46818685 | (1.09)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 46570848 | 46911466 | (0.73)% |
| Earnings per common share: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $0.91 | $1.45 | (37.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 0.91 | 1.45 | (37.2)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted - adjusted\* | 1.74 | 1.69 | 2.96% |

---

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

FB Financial Corporation 6

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** | **Consolidated Balance Sheets** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  |  |  |  |  |  | **Annualized** |  |
|  |  |  |  |  |  | **Jun 2025** | **Jun 2025** |
|  |  |  |  |  |  | **vs.** | **vs.** |
|  | **As of** | **As of** | **As of** | **As of** | **As of** | **Mar 2025** | **Jun 2024** |
|  | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Percent variance** | **Percent variance** |
| **ASSETS** |  |  |  |  |  |  |  |
| Cash and due from banks | $143317 | $149607 | $120153 | $126470 | $192571 | (16.9)% | (25.6)% |
| Federal funds sold and reverse repurchase agreements | 352124 | 109982 | 125825 | 97299 | 91909 | 883.1% | 283.1% |
| Interest-bearing deposits in financial institutions | 670288 | 535117 | 796510 | 727981 | 516422 | 101.3% | 29.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 1165729 | 794706 | 1042488 | 951750 | 800902 | 187.3% | 45.6% |
| Investments: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Available-for-sale debt securities, at fair value | 1337565 | 1580720 | 1538008 | 1567922 | 1482379 | (61.7)% | (9.77)% |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Bank stock, at cost | 33626 | 32234 | 32749 | 32859 | 33030 | 17.3% | 1.80% |
| Loans held for sale | 144212 | 172770 | 126760 | 103145 | 106875 | (66.3)% | 34.9% |
| Loans held for investment | 9874282 | 9771536 | 9602384 | 9478129 | 9309553 | 4.22% | 6.07% |
| &nbsp;&nbsp;&nbsp;Less: allowance for credit losses on loans HFI | 148948 | 150531 | 151942 | 156260 | 155055 | (4.22)% | (3.94)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans held for investment | 9725334 | 9621005 | 9450442 | 9321869 | 9154498 | 4.35% | 6.24% |
| Premises and equipment, net | 147243 | 146272 | 148899 | 152572 | 154731 | 2.66% | (4.84)% |
| Other real estate owned, net | 2998 | 3326 | 4409 | 3779 | 4173 | (39.6)% | (28.2)% |
| Operating lease right-of-use assets | 47764 | 47381 | 47963 | 47346 | 49123 | 3.24% | (2.77)% |
| Interest receivable | 50386 | 51268 | 49611 | 52228 | 52781 | (6.90)% | (4.54)% |
| Mortgage servicing rights, at fair value | 153464 | 156379 | 162038 | 157097 | 164505 | (7.48)% | (6.71)% |
| Goodwill | 242561 | 242561 | 242561 | 242561 | 242561 | —% | —% |
| Core deposit and other intangibles, net | 4475 | 5106 | 5762 | 6449 | 7168 | (49.6)% | (37.6)% |
| Bank-owned life insurance | 72686 | 72400 | 72504 | 72167 | 71930 | 1.58% | 1.05% |
| Other assets | 226195 | 210321 | 233288 | 208478 | 210513 | 30.3% | 7.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $13354238 | $13136449 | $13157482 | $12920222 | $12535169 | 6.65% | 6.53% |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |  |  |  |  |  |
| Liabilities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $2191903 | $2163934 | $2116232 | $2226144 | $2187185 | 5.18% | 0.22% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | 2325551 | 2776958 | 2906425 | 2754253 | 2628554 | (65.2)% | (11.5)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market and savings | 4645552 | 4482908 | 4338483 | 4098496 | 4157968 | 14.6% | 11.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 1721745 | 1363770 | 1380205 | 1378118 | 1343934 | 105.3% | 28.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 518719 | 414428 | 469089 | 519200 | 150361 | 100.9% | 245.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 11403470 | 11201998 | 11210434 | 10976211 | 10468002 | 7.21% | 8.94% |
| &nbsp;&nbsp;&nbsp;Borrowings | 164485 | 168944 | 176789 | 182107 | 360944 | (10.6)% | (54.4)% |
| &nbsp;&nbsp;&nbsp;Operating lease liabilities | 59289 | 59174 | 60024 | 59584 | 61932 | 0.78% | (4.27)% |
| &nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 115771 | 104278 | 142604 | 139898 | 143696 | 44.2% | (19.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 11743015 | 11534394 | 11589851 | 11357800 | 11034574 | 7.25% | 6.42% |
| Shareholders' equity: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $1 par value | 45808 | 46515 | 46663 | 46658 | 46643 | (6.10)% | (1.79)% |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 822548 | 854715 | 860266 | 858106 | 855391 | (15.1)% | (3.84)% |
| &nbsp;&nbsp;&nbsp;Retained earnings | 786785 | 792685 | 762293 | 732435 | 730242 | (2.99)% | 7.74% |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss, net | (44011) | (91953) | (101684) | (74870) | (131774) | (209.1)% | (66.6)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1611130 | 1601962 | 1567538 | 1562329 | 1500502 | 2.30% | 7.37% |
| &nbsp;&nbsp;&nbsp;Noncontrolling interest | 93 | 93 | 93 | 93 | 93 | —% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 1611223 | 1602055 | 1567631 | 1562422 | 1500595 | 2.30% | 7.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $13354238 | $13136449 | $13157482 | $12920222 | $12535169 | 6.65% | 6.53% |

---

FB Financial Corporation 7

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** | **Average Balance and Interest Yield/Rate Analysis** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** |
|  | **Average<br>balances** | **Interest<br>income/<br>expense** | **Average<br>yield/<br>rate** | **Average<br>balances** | **Interest<br>income/<br>expense** | **Average<br>yield/<br>rate** |
| **Interest-earning assets:** |  |  |  |  |  |  |
| Loans HFI<sup>(a)(b)</sup> | $9840932 | $157964 | 6.44% | $9621057 | $152174 | 6.41% |
| Mortgage loans held for sale | 126072 | 2189 | 6.96% | 93944 | 1433 | 6.19% |
| Investment securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1534895 | 14661 | 3.83% | 1541868 | 14471 | 3.81% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 167675 | 1401 | 3.35% | 167958 | 1397 | 3.37% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1702570 | 16062 | 3.78% | 1709826 | 15868 | 3.76% |
| Federal funds sold and reverse repurchase agreements | 113252 | 1256 | 4.45% | 123390 | 1374 | 4.52% |
| Interest-bearing deposits with other financial institutions | 426073 | 4733 | 4.46% | 811216 | 8902 | 4.45% |
| FHLB stock | 35623 | 701 | 7.89% | 32493 | 741 | 9.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 12244522 | 182905 | 5.99% | 12391926 | 180492 | 5.91% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |
| Cash and due from banks | 115717 |  |  | 123158 |  |  |
| Allowance for credit losses on loans HFI | (151586) |  |  | (152234) |  |  |
| Other assets<sup>(c)(d)</sup> | 823837 |  |  | 844119 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 787968 |  |  | 815043 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $13032490 |  |  | $13206969 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing checking | $2521239 | $15870 | 2.52% | $2840211 | $18267 | 2.61% |
| &nbsp;&nbsp;&nbsp;Money market | 4115987 | 34957 | 3.41% | 4083754 | 34360 | 3.41% |
| &nbsp;&nbsp;&nbsp;Savings deposits | 352307 | 98 | 0.11% | 353865 | 66 | 0.08% |
| &nbsp;&nbsp;&nbsp;Customer time deposits | 1404368 | 12454 | 3.56% | 1373045 | 12702 | 3.75% |
| &nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 481686 | 5189 | 4.32% | 443923 | 4854 | 4.43% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 1886054 | 17643 | 3.75% | 1816968 | 17556 | 3.92% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 8875587 | 68568 | 3.10% | 9094798 | 70249 | 3.13% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 11107 | 26 | 0.94% | 11046 | 6 | 0.22% |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances | 23077 | 258 | 4.48% |  |  | —% |
| &nbsp;&nbsp;&nbsp;Subordinated debt | 130851 | 1813 | 5.56% | 130755 | 1804 | 5.60% |
| &nbsp;&nbsp;&nbsp;Other borrowings | 2294 | 4 | 0.70% | 1220 | 6 | 1.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 167329 | 2101 | 5.04% | 143021 | 1816 | 5.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 9042916 | 70669 | 3.13% | 9237819 | 72065 | 3.16% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand deposits | 2206305 |  |  | 2134924 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 200077 |  |  | 250175 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2406382 |  |  | 2385099 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 11449298 |  |  | 11622918 |  |  |
| Total common shareholders' equity | 1583099 |  |  | 1583958 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  |
| Total equity | 1583192 |  |  | 1584051 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $13032490 |  |  | $13206969 |  |  |
| Net interest income<sup>(b)</sup> |  | $112236 |  |  | $108427 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 2.86% |  |  | 2.75% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.68% |  |  | 3.55% |
| Cost of total deposits |  |  | 2.48% |  |  | 2.54% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 135.4% |  |  | 134.1% |
| Tax-equivalent adjustment |  | $821 |  |  | $786 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $155697 | 6.34% |  | $149819 | 6.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 1945 | 0.08% |  | 1797 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;(Amortization) accretion on purchased loans |  | (62) | —% |  | 2 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 384 | 0.02% |  | 556 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $157964 | 6.44% |  | $152174 | 6.41% |

---

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

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

*(c) Includes average net unrealized losses on investment securities available for sale of $128,818 and $132,262 for the three months ended June 30, 2025 and March 31, 2025, respectively.* 

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

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

FB Financial Corporation 8

------

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |
|  | **December 31, 2024** | **December 31, 2024** | **December 31, 2024** | **September 30, 2024** | **September 30, 2024** | **September 30, 2024** | **June 30, 2024** | **June 30, 2024** | **June 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> | $9522996 | $155897 | 6.51% | $9362937 | $157751 | 6.70% | $9263822 | $154226 | 6.70% |
| Mortgage loans held for sale | 71569 | 1153 | 6.41% | 66828 | 1102 | 6.56% | 80919 | 1380 | 6.86% |
| Investment securities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1523297 | 15043 | 3.93% | 1487200 | 13943 | 3.73% | 1464045 | 11966 | 3.29% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 168284 | 1400 | 3.31% | 181465 | 1493 | 3.27% | 193347 | 1580 | 3.29% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1691581 | 16443 | 3.87% | 1668665 | 15436 | 3.68% | 1657392 | 13546 | 3.29% |
| Federal funds sold and reverse repurchase agreements | 112388 | 1393 | 4.93% | 118715 | 1687 | 5.65% | 108097 | 1497 | 5.57% |
| Interest-bearing deposits with other financial institutions | 943638 | 11361 | 4.79% | 701666 | 9519 | 5.40% | 488123 | 6641 | 5.47% |
| FHLB stock | 32773 | 745 | 9.04% | 32919 | 750 | 9.06% | 33495 | 762 | 9.15% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 12374945 | 186992 | 6.01% | 11951730 | 186245 | 6.20% | 11631848 | 178052 | 6.16% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |  |  |  |
| Cash and due from banks | 117819 |  |  | 131308 |  |  | 124729 |  |  |
| Allowance for credit losses on loans HFI | (155022) |  |  | (155665) |  |  | (151724) |  |  |
| Other assets<sup>(c)(d)</sup> | 856453 |  |  | 814577 |  |  | 766591 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 819250 |  |  | 790220 |  |  | 739596 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $13194195 |  |  | $12741950 |  |  | $12371444 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | $2837092 | $20957 | 2.94% | $2624046 | $20998 | 3.18% | $2500325 | $19074 | 3.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 3880258 | 35044 | 3.59% | 3802818 | 37574 | 3.93% | 3779139 | 36887 | 3.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 349912 | 62 | 0.07% | 357165 | 65 | 0.07% | 369779 | 64 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 1402300 | 14114 | 4.00% | 1349986 | 13479 | 3.97% | 1387956 | 13812 | 4.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 518337 | 5954 | 4.57% | 322667 | 3972 | 4.90% | 123003 | 1664 | 5.44% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 1920637 | 20068 | 4.16% | 1672653 | 17451 | 4.15% | 1510959 | 15476 | 4.12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 8987899 | 76131 | 3.37% | 8456682 | 76088 | 3.58% | 8160202 | 71501 | 3.52% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 14791 | 16 | 0.43% | 21734 | 79 | 1.45% | 24680 | 122 | 1.99% |
| &nbsp;&nbsp;&nbsp; Subordinated debt | 130658 | 1837 | 5.59% | 130561 | 1900 | 5.79% | 130464 | 1615 | 4.98% |
| &nbsp;&nbsp;&nbsp; Other borrowings | 1245 | 4 | 1.28% | 125616 | 1544 | 4.89% | 131293 | 1560 | 4.78% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 146694 | 1857 | 5.04% | 277911 | 3523 | 5.04% | 286437 | 3297 | 4.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 9134593 | 77988 | 3.40% | 8734593 | 79611 | 3.63% | 8446639 | 74798 | 3.56% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand deposits | 2241492 |  |  | 2241512 |  |  | 2222005 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 253514 |  |  | 242155 |  |  | 229426 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2495006 |  |  | 2483667 |  |  | 2451431 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 11629599 |  |  | 11218260 |  |  | 10898070 |  |  |
| Total common shareholders' equity | 1564503 |  |  | 1523597 |  |  | 1473281 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  | 93 |  |  |
| Total equity | 1564596 |  |  | 1523690 |  |  | 1473374 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $13194195 |  |  | $12741950 |  |  | $12371444 |  |  |
| Net interest income<sup>(b)</sup> |  | $109004 |  |  | $106634 |  |  | $103254 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 2.61% |  |  | 2.57% |  |  | 2.60% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.50% |  |  | 3.55% |  |  | 3.57% |
| Cost of total deposits |  |  | 2.70% |  |  | 2.83% |  |  | 2.77% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 135.5% |  |  | 136.8% |  |  | 137.7% |
| Tax-equivalent adjustment |  | $623 |  |  | $617 |  |  | $639 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $153255 | 6.40% |  | $155884 | 6.62% |  | $152037 | 6.60% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 1859 | 0.08% |  | 1779 | 0.08% |  | 1291 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion (amortization) on purchased loans |  | 119 | —% |  | (10) | —% |  | 161 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 664 | 0.03% |  | 98 | —% |  | 737 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $155897 | 6.51% |  | $157751 | 6.70% |  | $154226 | 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 $119,243, $153,838 and $198,073 for the three months ended December 31, 2024, September 30, 2024 and* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*June 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 $31,519, $25,451 <br> and $20,750 for the three months ended December 31, 2024, September 30, 2024 and June 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)* |
|  | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** | **Six Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2024** | **June 30, 2024** | **June 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> | $9731602 | $310138 | 6.43% | $9325308 | $309182 | 6.67% |
| Mortgage loans held for sale | 110096 | 3622 | 6.63% | 64742 | 2231 | 6.93% |
| Investment securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1538363 | 29132 | 3.82% | 1431641 | 21071 | 2.96% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 167815 | 2798 | 3.36% | 217363 | 3530 | 3.27% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1706178 | 31930 | 3.77% | 1649004 | 24601 | 3.00% |
| Federal funds sold and reverse repurchase agreements | 118293 | 2630 | 4.48% | 131738 | 3623 | 5.53% |
| Interest-bearing deposits with other financial institutions | 617581 | 13635 | 4.45% | 509256 | 13707 | 5.41% |
| FHLB stock | 34067 | 1442 | 8.54% | 33773 | 1545 | 9.20% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 12317817 | 363397 | 5.95% | 11713821 | 354889 | 6.09% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |
| Cash and due from banks | 119417 |  |  | 146230 |  |  |
| Allowance for credit losses on loans HFI | (151909) |  |  | (151164) |  |  |
| Other assets<sup>(c)(d)</sup> | 833923 |  |  | 771872 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 801431 |  |  | 766938 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $13119248 |  |  | $12480759 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | $2679843 | $34137 | 2.57% | $2519705 | $38090 | 3.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 4099959 | 69317 | 3.41% | 3814109 | 74457 | 3.93% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 353082 | 164 | 0.09% | 373871 | 126 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 1388793 | 25156 | 3.65% | 1422666 | 27936 | 3.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 462909 | 10043 | 4.38% | 131648 | 3517 | 5.37% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 1851702 | 35199 | 3.83% | 1554314 | 31453 | 4.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 8984586 | 138817 | 3.12% | 8261999 | 144126 | 3.51% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 11077 | 32 | 0.58% | 24449 | 271 | 2.23% |
| &nbsp;&nbsp;&nbsp; Federal Home Loan Bank advances | 11602 | 258 | 4.48% |  |  | —% |
| &nbsp;&nbsp;&nbsp; Subordinated debt | 130803 | 3617 | 5.58% | 130091 | 3901 | 6.03% |
| &nbsp;&nbsp;&nbsp; Other borrowings | 1760 | 10 | 1.15% | 131305 | 3138 | 4.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 155242 | 3917 | 5.09% | 285845 | 7310 | 5.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 9139828 | 142734 | 3.15% | 8547844 | 151436 | 3.56% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits | 2170812 |  |  | 2224590 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 224988 |  |  | 241225 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2395800 |  |  | 2465815 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 11535628 |  |  | 11013659 |  |  |
| Total common shareholders' equity | 1583527 |  |  | 1467007 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  |
| Total equity | 1583620 |  |  | 1467100 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $13119248 |  |  | $12480759 |  |  |
| Net interest income<sup>(b)</sup> |  | $220663 |  |  | $203453 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 2.80% |  |  | 2.53% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.61% |  |  | 3.49% |
| Cost of total deposits |  |  | 2.51% |  |  | 2.76% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 134.8% |  |  | 137.0% |
| Tax equivalent adjustment |  | $1607 |  |  | $1348 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $305516 | 6.33% |  | $304912 | 6.58% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 3742 | 0.08% |  | 2727 | 0.06% |
| &nbsp;&nbsp;&nbsp;&nbsp;(Amortization) accretion on purchased loans |  | (60) | —% |  | 548 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 940 | 0.02% |  | 995 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $310138 | 6.43% |  | $309182 | 6.67% |

---

*(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 $130,531 and $196,082 for the six months ended June 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 $27,930 and $20,750 for the &nbsp;&nbsp;&nbsp;&nbsp; six months ended June 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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| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** |
|  | **Jun 2025** | **Jun 2025** | **Mar 2025** | **Mar 2025** | **Dec 2024** | **Dec 2024** | **Sep 2024** | **Sep 2024** | **Jun 2024** | **Jun 2024** |
| **Investment securities, at fair value** |  |  |  |  |  |  |  |  |  |  |
| Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. government agency securities | $642264 | 48% | $602942 | 38% | $563007 | 36% | $516833 | 33% | $428608 | 29% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities - residential | 541343 | 40% | 816556 | 52% | 810999 | 53% | 879589 | 56% | 864272 | 59% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities - commercial | 8752 | 1% | 14828 | 1% | 14857 | 1% | 16289 | 1% | 16103 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal securities | 144228 | 11% | 145396 | 9% | 147857 | 10% | 154229 | 10% | 169977 | 11% |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury securities |  | —% |  | —% | 299 | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate securities | 978 | —% | 998 | —% | 989 | —% | 982 | —% | 3419 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale debt securities | 1337565 | 100% | 1580720 | 100% | 1538008 | 100% | 1567922 | 100% | 1482379 | 100% |
| Investment securities to total assets | 10.0% |  | 12.0% |  | 11.7% |  | 12.1% |  | 11.8% |  |
| Unrealized loss on available-for-sale debt securities | (63262) |  | (128173) |  | (141389) |  | (105157) |  | (182208) |  |
| **Sources of liquidity** |  |  |  |  |  |  |  |  |  |  |
| Current on-balance sheet: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1165729 | 68% | $794706 | 53% | $1042488 | 63% | $951750 | 65% | $800902 | 57% |
| &nbsp;&nbsp;&nbsp;&nbsp;Unpledged available-for-sale debt securities | 547354 | 32% | 703117 | 47% | 600965 | 37% | 510538 | 35% | 612756 | 43% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total on-balance sheet liquidity | $1713083 | 100% | $1497823 | 100% | $1643453 | 100% | $1462288 | 100% | $1413658 | 100% |
| Available sources of liquidity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unsecured borrowing capacity<sup>(a)</sup> | $3325751 | 48% | $3369107 | 48% | $3318091 | 49% | $3199575 | 48% | $3361580 | 49% |
| &nbsp;&nbsp;&nbsp;&nbsp;FHLB remaining borrowing capacity | 1481376 | 21% | 1476688 | 21% | 1397905 | 21% | 1355884 | 20% | 1294743 | 19% |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Reserve discount window | 2119018 | 31% | 2134448 | 31% | 2053541 | 30% | 2133951 | 32% | 2230338 | 32% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available sources of liquidity | $6926145 | 100% | $6980243 | 100% | $6769537 | 100% | $6689410 | 100% | $6886661 | 100% |
| On-balance sheet liquidity as a <br>&nbsp;&nbsp;&nbsp;&nbsp;percentage of total assets | 12.8% |  | 11.4% |  | 12.5% |  | 11.3% |  | 11.3% |  |
| On-balance sheet liquidity as a <br>&nbsp;&nbsp;&nbsp;&nbsp;percentage of total tangible assets\* | 13.1% |  | 11.6% |  | 12.7% |  | 11.5% |  | 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> | 289.5% |  | 283.4% |  | 293.8% |  | 245.4% |  | 259.2% |  |

---

*(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 11

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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** |
|  | **Jun 2025** | **% of Total** | **Mar 2025** | **% of Total** | **Dec 2024** | **% of Total** | **Sep 2024** | **% of Total** | **Jun 2024** | **% of Total** |
| **Loan portfolio** |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial | $1788911 | 18% | $1782981 | 18% | $1691213 | 18% | $1688815 | 18% | $1614307 | 17% |
| Construction | 1022678 | 10% | 1022299 | 10% | 1087732 | 11% | 1079726 | 11% | 1200123 | 13% |
| Residential real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 1660696 | 17% | 1632574 | 17% | 1616754 | 17% | 1612031 | 17% | 1584029 | 17% |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 641433 | 7% | 613868 | 6% | 602475 | 6% | 591049 | 6% | 559359 | 6% |
| &nbsp;&nbsp;&nbsp;Multi-family mortgage | 587254 | 6% | 648326 | 7% | 653769 | 7% | 654188 | 7% | 597039 | 6% |
| Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner-occupied | 1370123 | 14% | 1356007 | 14% | 1357568 | 14% | 1324208 | 14% | 1274705 | 14% |
| &nbsp;&nbsp;&nbsp;Non-owner occupied | 2198689 | 22% | 2153825 | 22% | 2099129 | 22% | 2048036 | 22% | 2035102 | 22% |
| Consumer and other | 604498 | 6% | 561656 | 6% | 493744 | 5% | 480076 | 5% | 444889 | 5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans HFI | $9874282 | 100% | $9771536 | 100% | $9602384 | 100% | $9478129 | 100% | $9309553 | 100% |
| *Percentage of loans HFI portfolio with<br>&nbsp;&nbsp;&nbsp;&nbsp;floating interest rates* |  | 49.6% |  | 49.7% |  | 49.4% |  | 49.2% |  | 49.8% |
| *Percentage of loans HFI portfolio with<br> floating interest rates that mature after<br> one year* |  | 45.2% |  | 44.4% |  | 43.5% |  | 43.6% |  | 43.4% |
| **Loans by market** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan | $8083283 | 82% | $8045289 | 82% | $7934549 | 82% | $7795075 | 82% | $7668893 | 82% |
| &nbsp;&nbsp;&nbsp;Community | 538459 | 5% | 538819 | 6% | 546987 | 6% | 565194 | 6% | 567465 | 6% |
| &nbsp;&nbsp;&nbsp;Specialty lending and other | 1252540 | 13% | 1187428 | 12% | 1120848 | 12% | 1117860 | 12% | 1073195 | 12% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $9874282 | 100% | $9771536 | 100% | $9602384 | 100% | $9478129 | 100% | $9309553 | 100% |
| **Unfunded loan commitments** |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial | $1396533 | 49% | $1349491 | 48% | $1371413 | 50% | $1314683 | 48% | $1286013 | 47% |
| Construction | 535669 | 19% | 540992 | 19% | 498133 | 18% | 510157 | 19% | 516813 | 19% |
| Residential real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 3545 | —% | 5094 | —% | 7299 | —% | 3665 | —% | 5597 | —% |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 745570 | 26% | 743413 | 27% | 734031 | 26% | 735928 | 27% | 721949 | 27% |
| &nbsp;&nbsp;&nbsp;Multi-family mortgage | 4260 | —% | 9586 | —% | 12044 | —% | 11771 | —% | 12526 | —% |
| Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner-occupied | 86135 | 3% | 68566 | 3% | 78856 | 3% | 67875 | 3% | 77498 | 3% |
| &nbsp;&nbsp;&nbsp;Non-owner occupied | 67974 | 2% | 63948 | 2% | 54898 | 2% | 51960 | 2% | 73178 | 3% |
| Consumer and other | 21999 | 1% | 14547 | 1% | 13431 | 1% | 17321 | 1% | 29103 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total unfunded loans HFI | $2861685 | 100% | $2795637 | 100% | $2770105 | 100% | $2713360 | 100% | $2722677 | 100% |

---

FB Financial Corporation 12

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset Quality** | **Asset Quality** | **Asset Quality** | **Asset Quality** | **Asset Quality** | **Asset Quality** |
| **(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** |
|  | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** |
| **Allowance for credit losses on loans HFI roll forward summary** |  |  |  |  |  |
| Allowance for credit losses on loans HFI at the beginning of the period | $150531 | $151942 | $156260 | $155055 | $151667 |
| Charge-offs | (1454) | (3893) | (12010) | (915) | (913) |
| Recoveries | 973 | 576 | 673 | 264 | 361 |
| Impact of change in accounting estimate for current expected credit losses | (6848) |  |  |  |  |
| Provision for credit losses on loans HFI | 5746 | 1906 | 7019 | 1856 | 3940 |
| Allowance for credit losses on loans HFI at the end of the period | $148948 | $150531 | $151942 | $156260 | $155055 |
| Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.51% | 1.54% | 1.58% | 1.65% | 1.67% |
| Allowance for credit losses on unfunded commitments | $12932 | $6493 | $6107 | $6042 | $5984 |
| **Charge-offs** |  |  |  |  |  |
| Commercial and industrial | $(70) | $(2901) | $(10921) | $(90) | $(26) |
| Construction |  |  | (30) |  |  |
| Residential real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | (433) | (3) | (144) | (2) | (293) |
| &nbsp;&nbsp;&nbsp;Residential line of credit |  |  |  | (53) |  |
| Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner occupied |  | (17) |  |  |  |
| Consumer and other | (951) | (972) | (915) | (770) | (594) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total charge-offs | (1454) | (3893) | (12010) | (915) | (913) |
| **Recoveries** |  |  |  |  |  |
| Commercial and industrial | 173 | 42 | 371 | 23 | 20 |
| Residential real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 11 | 9 | 9 | 9 | 10 |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 1 |  |  | 18 |  |
| Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner occupied | 9 | 21 | 5 | 12 | 188 |
| &nbsp;&nbsp;&nbsp;Non-owner occupied | 528 | 1 |  |  |  |
| Consumer and other | 251 | 503 | 288 | 202 | 143 |
| &nbsp;&nbsp;&nbsp;Total recoveries | 973 | 576 | 673 | 264 | 361 |
| &nbsp;&nbsp;&nbsp;Net charge-offs | $(481) | $(3317) | $(11337) | $(651) | $(552) |
| &nbsp;&nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.02% | 0.14% | 0.47% | 0.03% | 0.02% |
| **Nonperforming assets** |  |  |  |  |  |
| Loans past due 90 days or more and accruing interest | $21962 | $28422 | $24347 | $26250 | $17058 |
| Nonaccrual loans | 73950 | 48738 | 59358 | 64585 | 56165 |
| Total nonperforming loans HFI | 95912 | 77160 | 83705 | 90835 | 73223 |
| Mortgage loans held for sale<sup>(a)</sup> | 20977 | 27152 | 31357 | 30537 | 22354 |
| Other real estate owned | 2998 | 3326 | 4409 | 3779 | 4173 |
| Other repossessed assets | 3151 | 2791 | 2444 | 2182 | 1720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming assets | $123038 | $110429 | $121915 | $127333 | $101470 |
| Total nonperforming loans HFI as a percentage of loans HFI | 0.97% | 0.79% | 0.87% | 0.96% | 0.79% |
| Total nonperforming assets as a percentage of total assets | 0.92% | 0.84% | 0.93% | 0.99% | 0.81% |
| Total nonaccrual loans as a percentage of loans HFI | 0.75% | 0.50% | 0.62% | 0.68% | 0.60% |

---

*(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 13

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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** |
|  | **Jun 2025** | **Jun 2025** | **Mar 2025** | **Mar 2025** | **Dec 2024** | **Dec 2024** | **Sep 2024** | **Sep 2024** | **Jun 2024** | **Jun 2024** |
| **Deposits by market** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan | $8275006 | 73% | $8091921 | 72% | $8136849 | 73% | $7794790 | 71% | $7440577 | 71% |
| &nbsp;&nbsp;&nbsp;Community | 2436243 | 21% | 2536165 | 23% | 2471052 | 22% | 2459641 | 22% | 2499574 | 24% |
| &nbsp;&nbsp;&nbsp;Brokered/wholesale | 518719 | 4% | 414428 | 4% | 469089 | 4% | 519200 | 5% | 150113 | 1% |
| &nbsp;&nbsp;&nbsp;Escrow and other<sup>(a)</sup> | 173502 | 2% | 159484 | 1% | 133444 | 1% | 202580 | 2% | 377738 | 4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $11403470 | 100% | $11201998 | 100% | $11210434 | 100% | $10976211 | 100% | $10468002 | 100% |
| **Deposits by customer<br>&nbsp;&nbsp;&nbsp;&nbsp;segment** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Consumer | $4772582 | 42% | $4868544 | 43% | $4853609 | 43% | $4676492 | 43% | $4675189 | 45% |
| &nbsp;&nbsp;&nbsp;Commercial | 4835968 | 42% | 4695923 | 42% | 4802105 | 43% | 4886660 | 45% | 4270924 | 41% |
| &nbsp;&nbsp;&nbsp;Public | 1794920 | 16% | 1637531 | 15% | 1554720 | 14% | 1413059 | 12% | 1521889 | 14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $11403470 | 100% | $11201998 | 100% | $11210434 | 100% | $10976211 | 100% | $10468002 | 100% |
| Estimated insured or<br> collateralized deposits | $8418783 |  | $8210241 |  | $8346796 |  | $7654786 |  | $7265975 |  |
| Estimated uninsured<br>&nbsp;&nbsp;&nbsp;&nbsp;and uncollateralized<br>&nbsp;&nbsp;&nbsp;&nbsp;deposits<sup>(b)</sup> | $2984687 |  | $2991757 |  | $2863638 |  | $3321425 |  | $3202027 |  |
| 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> | 26.2% |  | 26.7% |  | 25.5% |  | 30.3% |  | 30.6% |  |

---

*(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 14

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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:** | **June 30, 2025** | **December 31, 2024** |
| **Total Common Shareholders' Equity** | $**1611130** | $**1567538** |
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangibles | 4475 | 5762 |
| **Tangible Common Equity** | $**1364094** | $**1319215** |
| **Total Assets** | $**13354238** | $**13157482** |
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangibles | 4475 | 5762 |
| **Tangible Assets** | $**13107202** | $**12909159** |
| **Preliminary Total Risk-Weighted Assets** | $**11585413** | $**11306312** |
| **Total Common Equity to Total Assets** | **12.1%** | **11.9%** |
| **Tangible Common Equity to Tangible Assets\*** | **10.4%** | **10.2%** |
|  | **June 30, 2025** | **December 31, 2024** |
| **Preliminary Regulatory Capital:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Equity Tier 1 Capital | $1428907 | $1450722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Capital | 1458907 | 1480722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Capital | 1704044 | 1721941 |
| **Preliminary Regulatory Capital Ratios:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Equity Tier 1 | 12.3% | 12.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Risk-Based | 12.6% | 13.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Risk-Based | 14.7% | 15.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Leverage | 11.3% | 11.3% |

---

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

FB Financial Corporation 15

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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** |
|  | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** |
| Banking segment |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | $180960 | $178915 | $186219 | $185824 | $177570 |
| &nbsp;&nbsp;&nbsp;Interest expense | 72051 | 73156 | 79426 | 81489 | 76377 |
| &nbsp;&nbsp;&nbsp;Net interest income | $108909 | $105759 | $106793 | $104335 | $101193 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 582 | 2189 | 7133 | 1861 | 2432 |
| &nbsp;&nbsp;&nbsp;Noninterest (loss) income | (47720) | 10660 | 11311 | (28370) | 13477 |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 38635 | 41469 | 38289 | 39938 | 38793 |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 2734 | 401 |  |  |  |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 25961 | 25039 | 22715 | 23176 | 23385 |
| &nbsp;&nbsp;&nbsp;Pre-tax net (loss) contribution after allocations | $(6723) | $47321 | $49967 | $10990 | $50060 |
| &nbsp;&nbsp;&nbsp;Total assets | $12736830 | $12490097 | $12554435 | $12337135 | $11947550 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 110.0% | 57.5% | 51.7% | 83.1% | 54.2% |
| &nbsp;&nbsp;&nbsp;*Core efficiency ratio\** | 52.8% | 56.5% | 50.1% | 53.9% | 53.8% |
| Mortgage segment |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | $1124 | $791 | $150 | $(196) | $(157) |
| &nbsp;&nbsp;&nbsp;Interest expense | (1382) | (1091) | (1438) | (1878) | (1579) |
| &nbsp;&nbsp;&nbsp;Net interest income | $2506 | $1882 | $1588 | $1682 | $1422 |
| &nbsp;&nbsp;&nbsp;Provisions for (reversals of) loan losses | 4755 | 103 | (49) | 53 | (208) |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 13029 | 12426 | 10586 | 11553 | 11910 |
| &nbsp;&nbsp;&nbsp;Other noninterest income (loss) | 139 | (54) | 100 | 320 | 221 |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 7996 | 6882 | 7143 | 7600 | 7432 |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 5935 | 5758 | 5027 | 5498 | 5483 |
| &nbsp;&nbsp;&nbsp;Pre-tax net (loss) contribution after allocations | $(3012) | $1511 | $153 | $404 | $846 |
| &nbsp;&nbsp;&nbsp;Total assets | $617408 | $646352 | $603047 | $583087 | $587619 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 88.9% | 88.7% | 99.2% | 96.6% | 95.3% |
| &nbsp;&nbsp;&nbsp;*Core efficiency ratio\** | 89.1% | 87.9% | 99.2% | 96.7% | 96.1% |
| Interest rate lock commitments volume | $456720 | $381777 | $315891 | $381240 | $385197 |
| Interest rate lock commitments pipeline (period end) | $127004 | $118200 | $65687 | $105714 | $108694 |
| Mortgage loan sales | $391061 | $222805 | $287291 | $327269 | $315044 |
| Gains and fees from origination and sale of mortgage loans held for sale | $11200 | $5602 | $7788 | $9279 | $8934 |
| Net change in fair value of loans held for sale, derivatives, and other | (876) | 2816 | (96) | (480) | (4) |
| Mortgage servicing income | 6936 | 7077 | 7305 | 7244 | 7316 |
| Change in fair value of mortgage servicing rights, net of hedging | (4231) | (3069) | (4411) | (4490) | (4336) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total mortgage banking income | $13029 | $12426 | $10586 | $11553 | $11910 |
| Mortgage sale margin<sup>(a)</sup> | 2.86% | 2.51% | 2.71% | 2.84% | 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 16

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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** | **Six Months Ended** | **Six Months Ended** |
| **Adjusted net income** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Jun 2025** | **Jun 2024** |
| **(Loss) income before income <br> taxes** | (9735) | 48832 | 50120 | 11394 | 50906 | 39097 | 85156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain from securities, <br> net | (60549) | 16 |  | (40165) |  | (60533) | (16213) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | 236 | (625) | (2162) | (289) | (281) | (389) | 284 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  | 2057 |  | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and <br> severance costs |  |  | 463 |  | 1015 |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration<br> costs | 2734 | 401 |  |  |  | 3135 |  |
| **Adjusted pre-tax net income** | 53312 | 49842 | 52745 | 51848 | 50145 | 103154 | 100543 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less income tax expense, <br>&nbsp;&nbsp;&nbsp;&nbsp;adjusted for items above<sup>(a)</sup> | 3778 | 9734 | 12910 | 11716 | 10721 | 13512 | 21229 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus income tax benefit<sup>(b)</sup> | (8713) |  |  |  |  | (8713) |  |
| **Adjusted net income** | 40821 | 40108 | 39835 | 40132 | 39424 | 80929 | 79314 |
| Weighted average common share<br>&nbsp;&nbsp;&nbsp;&nbsp; outstanding - fully diluted | 46179090 | 47024211 | 46862935 | 46803330 | 46845143 | 46570848 | 46911466 |
| **Adjusted diluted earnings per<br>&nbsp;&nbsp;&nbsp;&nbsp; common share** |  |  |  |  |  |  |  |
| Diluted earnings per common <br> share | 0.06 | 0.84 | 0.81 | 0.22 | 0.85 | 0.91 | 1.45 |
| **Adjusted diluted earnings per <br> common share** | 0.88 | 0.85 | 0.85 | 0.86 | 0.84 | 1.74 | 1.69 |
| *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* |
| *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* |

---

FB Financial Corporation 17

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **Six Months Ended** | **Six Months Ended** |
| **Adjusted pre-tax pre-provision net <br>&nbsp;&nbsp;&nbsp;&nbsp;revenue** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Jun 2025** | **Jun 2024** |
| **(Loss) income before income taxes** | (9735) | 48832 | 50120 | 11394 | 50906 | 39097 | 85156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus provisions for credit losses | 5337 | 2292 | 7084 | 1914 | 2224 | 7629 | 3006 |
| **Pre-tax pre-provision net revenue** | (4398) | 51124 | 57204 | 13308 | 53130 | 46726 | 88162 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain from securities, net | (60549) | 16 |  | (40165) |  | (60533) | (16213) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | 236 | (625) | (2162) | (289) | (281) | (389) | 284 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  | 2057 |  | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and severance<br> costs |  |  | 463 |  | 1015 |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration costs | 2734 | 401 |  |  |  | 3135 |  |
| **Adjusted pre-tax pre-provision net <br>&nbsp;&nbsp;&nbsp;&nbsp;revenue** | 58649 | 52134 | 59829 | 53762 | 52369 | 110783 | 103549 |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** |
| **Adjusted tangible net income** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Jun 2025** | **Jun 2024** |
| **(Loss) income before income taxes** | (9735) | 48832 | 50120 | 11394 | 50906 | 39097 | 85156 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus amortization of core deposit<br>&nbsp;&nbsp;&nbsp;&nbsp; and other intangibles | 631 | 656 | 687 | 719 | 752 | 1287 | 1541 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain from securities, net | (60549) | 16 |  | (40165) |  | (60533) | (16213) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | 236 | (625) | (2162) | (289) | (281) | (389) | 284 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  | 2057 |  | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and severance<br> costs |  |  | 463 |  | 1015 |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration costs | 2734 | 401 |  |  |  | 3135 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less income tax expense, adjusted<br>&nbsp;&nbsp;&nbsp;&nbsp; for items above<sup>(a)</sup> | 3942 | 9905 | 13089 | 11904 | 10917 | 13847 | 21630 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus income tax benefit<sup>(b)</sup> | (8713) |  |  |  |  | (8713) |  |
| **Adjusted tangible net income** | 41288 | 40593 | 40343 | 40663 | 39980 | 81881 | 80454 |
| *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* | *(a) Adjusted items calculated using the marginal tax rate of 26.06% for all periods.* |
| *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(b) Represents a non-recurring tax benefit recorded during the three and six months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* |

---

FB Financial Corporation 18

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **Six Months Ended** | **Six Months Ended** |
| **Core efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp;equivalent basis)** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Jun 2025** | **Jun 2024** |
| Total noninterest expense | $81261 | $79549 | $73174 | $76212 | $75093 | $160810 | $147513 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less early retirement and <br> severance costs |  |  | 463 |  | 1015 |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less merger and integration costs | 2734 | 401 |  |  |  | 3135 |  |
| **Core noninterest expense** | $78527 | $79148 | $72711 | $76212 | $74078 | $157675 | $145998 |
| Net interest income | $111415 | $107641 | $108381 | $106017 | $102615 | $219056 | $202105 |
| Net interest income (tax-equivalent<br>&nbsp;&nbsp;&nbsp;&nbsp;basis) | 112236 | 108427 | 109004 | 106634 | 103254 | 220663 | 203453 |
| Total noninterest (loss) income | (34552) | 23032 | 21997 | (16497) | 25608 | (11520) | 33570 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain from securities, <br> net | (60549) | 16 |  | (40165) |  | (60533) | (16213) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | 236 | (625) | (2162) | (289) | (281) | (389) | 284 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  | 2057 |  | 2057 |
| **Core noninterest income** | 25761 | 23641 | 24159 | 23957 | 23832 | 49402 | 47442 |
| Total revenue | $76863 | $130673 | $130378 | $89520 | $128223 | $207536 | $235675 |
| **Core revenue (tax-equivalent<br>&nbsp;&nbsp;&nbsp;&nbsp;basis)** | $137997 | $132068 | $133163 | $130591 | $127086 | $270065 | $250895 |
| Efficiency ratio | 105.7% | 60.9% | 56.1% | 85.1% | 58.6% | 77.5% | 62.6% |
| **Core efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp;equivalent basis)** | 56.9% | 59.9% | 54.6% | 58.4% | 58.3% | 58.4% | 58.2% |

---

FB Financial Corporation 19

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **Six Months Ended** | **Six Months Ended** |
| **Banking segment core efficiency<br>&nbsp;&nbsp;&nbsp;&nbsp;ratio (tax-equivalent)** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Jun 2025** | **Jun 2024** |
| Banking segment noninterest <br>&nbsp;&nbsp;&nbsp;&nbsp;expense | $67330 | $66909 | $61004 | $63114 | $62178 | $134239 | $122372 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less early retirement and <br> severance costs |  |  | 463 |  | 1015 |  | 1015 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less merger and integration costs | 2734 | 401 |  |  |  | 3135 |  |
| **Banking segment core noninterest <br> expense** | $64596 | $66508 | $60541 | $63114 | $61163 | $131104 | $120857 |
| Banking segment net interest income | $108909 | $105759 | $106793 | $104335 | $101193 | $214668 | $200205 |
| Banking segment net interest income<br>&nbsp;&nbsp;&nbsp;&nbsp;(tax-equivalent basis) | 109730 | 106545 | 107416 | 104952 | 101832 | 216275 | 201553 |
| Banking segment noninterest (loss)<br>&nbsp;&nbsp;&nbsp;&nbsp;income | (47720) | 10660 | 11311 | (28370) | 13477 | (37060) | 8683 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain from securities, <br> net | (60549) | 16 |  | (40165) |  | (60533) | (16213) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit |  |  |  |  | 2057 |  | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | 203 | (497) | (2162) | (299) | (398) | (294) | 111 |
| **Banking segment core noninterest <br> income** | 12626 | 11141 | 13473 | 12094 | 11818 | 23767 | 22728 |
| Banking segment total revenue | $61189 | $116419 | $118104 | $75965 | $114670 | $177608 | $208888 |
| **Banking segment total core <br>&nbsp;&nbsp;&nbsp;&nbsp;revenue (tax-equivalent basis)** | $122356 | $117686 | $120889 | $117046 | $113650 | $240042 | $224281 |
| Banking segment efficiency ratio | 110.0% | 57.5% | 51.7% | 83.1% | 54.2% | 75.6% | 58.6% |
| **Banking segment core efficiency<br>&nbsp;&nbsp;&nbsp;&nbsp;ratio (tax-equivalent basis)** | 52.8% | 56.5% | 50.1% | 53.9% | 53.8% | 54.6% | 53.9% |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** |
| **Mortgage segment core efficiency<br>&nbsp;&nbsp;&nbsp;&nbsp; ratio (tax-equivalent)** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Jun 2025** | **Jun 2024** |
| Mortgage segment noninterest <br>&nbsp;&nbsp;&nbsp;&nbsp;expense | $13931 | $12640 | $12170 | $13098 | $12915 | $26571 | $25141 |
| **Mortgage segment core <br>&nbsp;&nbsp;&nbsp;&nbsp;noninterest expense** | $13931 | $12640 | $12170 | $13098 | $12915 | $26571 | $25141 |
| Mortgage segment net interest <br>&nbsp;&nbsp;&nbsp;&nbsp;income | $2506 | $1882 | $1588 | $1682 | $1422 | $4388 | $1900 |
| Mortgage segment noninterest <br>&nbsp;&nbsp;&nbsp;&nbsp;income | 13168 | 12372 | 10686 | 11873 | 12131 | 25540 | 24887 |
| &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 | 117 | (95) | 173 |
| **Mortgage segment core <br>&nbsp;&nbsp;&nbsp;&nbsp; noninterest income** | 13135 | 12500 | 10686 | 11863 | 12014 | 25635 | 24714 |
| Mortgage segment total revenue | $15674 | $14254 | $12274 | $13555 | $13553 | $29928 | $26787 |
| **Mortgage segment core total revenue** | $15641 | $14382 | $12274 | $13545 | $13436 | $30023 | $26614 |
| Mortgage segment efficiency ratio | 88.9% | 88.7% | 99.2% | 96.6% | 95.3% | 88.8% | 93.9% |
| **Mortgage segment core efficiency<br>&nbsp;&nbsp;&nbsp;&nbsp; ratio (tax-equivalent basis)** | 89.1% | 87.9% | 99.2% | 96.7% | 96.1% | 88.5% | 94.5% |

---

FB Financial Corporation 20

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands, 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** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** |
| **Tangible assets** |  |  |  |  |  |
| Total assets | $13354238 | $13136449 | $13157482 | $12920222 | $12535169 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less goodwill | 242561 | 242561 | 242561 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less intangibles, net | 4475 | 5106 | 5762 | 6449 | 7168 |
| **Tangible assets** | $13107202 | $12888782 | $12909159 | $12671212 | $12285440 |
| **Tangible common equity** |  |  |  |  |  |
| Total common shareholders' equity | $1611130 | $1601962 | $1567538 | $1562329 | $1500502 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less goodwill | 242561 | 242561 | 242561 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less intangibles, net | 4475 | 5106 | 5762 | 6449 | 7168 |
| **Tangible common equity** | $1364094 | $1354295 | $1319215 | $1313319 | $1250773 |
| Common shares outstanding | 45807689 | 46514547 | 46663120 | 46658019 | 46642958 |
| Book value per common share | $35.17 | $34.44 | $33.59 | $33.48 | $32.17 |
| **Tangible book value per common share** | $29.78 | $29.12 | $28.27 | $28.15 | $26.82 |
| Total common shareholders' equity to total assets | 12.1% | 12.2% | 11.9% | 12.1% | 12.0% |
| **Tangible common equity to tangible assets** | 10.4% | 10.5% | 10.2% | 10.4% | 10.2% |
| **On-balance sheet liquidity:** |  |  |  |  |  |
| Cash and cash equivalents | $1165729 | $794706 | $1042488 | $951750 | $800902 |
| Unpledged securities | 547354 | 703117 | 600965 | 510538 | 612756 |
| Total on-balance sheet liquidity | $1713083 | $1497823 | $1643453 | $1462288 | $1413658 |
| On-balance sheet liquidity as a percentage of total<br>&nbsp;&nbsp;&nbsp;&nbsp; assets | 12.8% | 11.4% | 12.5% | 11.3% | 11.3% |
| **On-balance sheet liquidity as a percentage of total<br>&nbsp;&nbsp;&nbsp;&nbsp; tangible assets** | 13.1% | 11.6% | 12.7% | 11.5% | 11.5% |

---

FB Financial Corporation 21

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **Six Months Ended** | **Six Months Ended** |
| **Adjusted return on average<br>&nbsp;&nbsp;&nbsp;&nbsp;tangible common equity and<br>&nbsp;&nbsp;&nbsp;&nbsp;related measures** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Jun 2025** | **Jun 2024** |
| Average common shareholders' <br>&nbsp;&nbsp;&nbsp;&nbsp; equity | $1583099 | $1583958 | $1564503 | $1523597 | $1473281 | $1583527 | $1467007 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less average goodwill | 242561 | 242561 | 242561 | 242561 | 242561 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less average intangibles, net | 4791 | 5426 | 6107 | 6795 | 7525 | 5107 | 7912 |
| **Average tangible common equity** | $1335747 | $1335971 | $1315835 | $1274241 | $1223195 | $1335859 | $1216534 |
| Net income | $2909 | $39361 | $37886 | $10220 | $39979 | $42270 | $67929 |
| Return on average common equity | 0.74% | 10.1% | 9.63% | 2.67% | 10.9% | 5.38% | 9.31% |
| **Return on average tangible <br>&nbsp;&nbsp;&nbsp;&nbsp; common equity** | 0.87% | 11.9% | 11.5% | 3.19% | 13.1% | 6.38% | 11.2% |
| Adjusted tangible net income | $41288 | $40593 | $40343 | $40663 | $39980 | $81881 | $80454 |
| **Adjusted return on average tangible common equity** | 12.4% | 12.3% | 12.2% | 12.7% | 13.1% | 12.4% | 13.3% |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Six Months Ended** | **Six Months Ended** |
|<br>**Adjusted return on average assets, common equity and related measures** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Sep 2024** | **Jun 2024** | **Jun 2025** | **Jun 2024** |
| Net income | $2909 | $39361 | $37886 | $10220 | $39979 | $42270 | $67929 |
| Average assets | 13032490 | 13206969 | 13194195 | 12741950 | 12371444 | 13119248 | 12480759 |
| Average common equity | 1583099 | 1583958 | 1564503 | 1523597 | 1473281 | 1583527 | 1467007 |
| Return on average assets | 0.09% | 1.21% | 1.14% | 0.32% | 1.30% | 0.65% | 1.09% |
| Return on average common equity | 0.74% | 10.1% | 9.63% | 2.67% | 10.9% | 5.38% | 9.31% |
| Adjusted net income | $40821 | $40108 | $39835 | $40132 | $39424 | $80929 | $79314 |
| **Adjusted return on average assets** | 1.26% | 1.23% | 1.20% | 1.25% | 1.28% | 1.24% | 1.28% |
| **Adjusted return on average <br>&nbsp;&nbsp;&nbsp;&nbsp;common equity** | 10.3% | 10.3% | 10.1% | 10.5% | 10.8% | 10.3% | 10.9% |
| Adjusted pre-tax pre-provision net <br> income | $58649 | $52134 | $59829 | $53762 | $52369 | $110783 | $103549 |
| **Adjusted pre-tax pre-provision<br>&nbsp;&nbsp;&nbsp;&nbsp; return on average assets** | 1.81% | 1.60% | 1.80% | 1.68% | 1.70% | 1.70% | 1.67% |

---

FB Financial Corporation 22

## Exhibit 99.3

![](a2q25fbkearningspresenta001.jpg)

July 15, 2025 2025 Second Quarter Earnings Presentation

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![](a2q25fbkearningspresenta002.jpg)

1 Forward–looking statements Certain statements contained in this Presentation that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company's future plans, results, strategies, and expectations, including expectations around changing economic markets 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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3 2Q 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 $0.06 $0.88 Pre-Tax Pre-Provision Net Revenue ($mm) $(4.4) $58.6 Net interest margin (tax-equivalent basis) 3.68% 3.68% Efficiency Ratio 105.7% 56.9% Return on average assets 0.09% 1.26% Return on average tangible common equity1 0.87% 12.4% Key highlights Earnings • Net income of $2.9 million and $40.8 million on an adjusted basis1 • Securities portfolio restructure loss of $60 million • 13 bps expansion of net interest margin (NIM) to 3.68% • Improved fee income and moderating core expenses • Income tax benefit of $12.7 million in the quarter Balance Sheet • Annualized loan held for investment (HFI) growth of 4.2% • Annualized total deposit growth of 7.2% • Lower average assets & liabilities driven by strategic reduction of high cost non-relationship funding Credit • ACL coverage ratio of 1.51% • Net charge-offs returned to historical levels at an annualized rate of 0.02% • NPA/Assets ratio up 8 basis points to 0.92% Capital • Capital position remains strong – • Tangible Common Equity to Tangible Assets1 10.4% • CET 1 Ratio 12.3% and Total Risk-Based Capital 14.7% (preliminary) • C&D and CRE concentration ratios within target ranges M&A • Closed merger with Southern States Bancshares, Inc. on July 1, 2025 • Conversion expected in 3Q25

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4 2Q 2025 Earnings Quarter ended $ Change from $ in thousands, except per share data 2Q25 1Q25 2Q24 1Q25 2Q24 Total Revenue 76,863 130,673 128,223 (53,810) (51,360) Provision for credit losses 5,337 2,292 2,224 3,045 3,113 Noninterest Expense 81,261 79,549 75,093 1,712 6,168 Pre-tax (loss) income (9,735) 48,832 50,906 (58,567) (60,641) Income tax (benefit) expense (12,652) 9,471 10,919 (22,123) (23,571) Noncontrolling Interest 8 0 8 8 0 Net income 2,909 39,361 39,979 (36,452) (37,070) Selected items impact1 37,912 747 (555) 37,155 37,347 Adjusted net income2 40,821 40,108 39,424 713 1,397 Diluted earnings per share $0.06 $0.84 $0.85 $(0.78) $(0.79) Adjusted Diluted earnings per share2 $0.88 $0.85 $0.84 $0.03 $0.04 Selected Items Impact1 2Q25 Loss before income taxes (9,735) Less loss from securities, net (60,549) Less gain from sales or write-downs of premises and equipment, other real estate owned and other assets, net 236 Plus merger and integration costs 2,734 Income tax expense, adjusted for items above 3,778 Plus income tax benefit (8,713) Adjusted Net Income2 40,821 Net Income 2,909 Selected items impact1 37,912 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. • $60 million loss on the sale of ~$266 million in investment securities in 2Q25 • Credit costs up in the quarter driven by updated forecast assumptions and increased loan balances • Expenses higher in 2Q25 primarily driven by non-core merger costs • Income tax benefit driven by – • Tax impact related to the securities loss • $10.7 million tax item due to the expiration of the statute of limitations with respect to an amended prior year return ($8.7mm refund & $2.0mm in related interest)

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5 Driving shareholder value ¹ Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 2 2Q25 calculation is preliminary and subject to change. $2.64 $2.57 $2.48 $0.91 $2.92 $3.01 $3.40 $1.74 2022 2023 2024 YTD Earnings per share Adjusted earnings per share Earnings per Share $14 $14 $20 $22 $25 $27 $30 $28 $31 $34 $35 $12 $12 $15 $17 $19 $22 $25 $23 $26 $28 $30 3Q16 2016 2017 2018 2019 2020 2021 2022 2023 2024 2Q25 BVPS TBVPS 15.1% 15.1% 15.2% 15.2% 14.7% 2Q24 3Q24 4Q24 1Q25 2Q25 0.79% 0.96% 0.87% 0.79% 0.97% 2Q24 3Q24 4Q24 1Q25 2Q25 $52.4 $53.8 $59.8 $52.1 $58.6 2Q24 3Q24 4Q24 1Q25 2Q25 Book Value per Share Total RBC Ratio2 NPLs / Total Loans HFIAdjusted ROATCE1Adjusted PPNR1 (in millions) 1 1 $1,251 $1,313 $1,319 $1,354 $1,364 13.1% 12.7% 12.2% 12.3% 12.4% 2Q24 3Q24 4Q24 1Q25 2Q25 Tangible Common Equity Adj ROATCE11

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6 Net Interest Margin $103.3 $106.6 $109.0 $108.4 $112.2 3.57% 3.55% 3.50% 3.55% 3.68% 2Q24 3Q24 4Q24 1Q25 2Q25 FTE NII / NIM Trend ($ in millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 1Q25 Net Interest Income $108,427 Impact of loan rate changes 734 Impact of loan volume changes 4,077 Impact of deposit rate changes 1,380 Impact of deposit volume changes 1,082 Day count 1,196 Impact of change in cash & other (4,660) 2Q25 Net Interest Income $112,236 • Net Interest Income (NII) impacted by –  Increased average loan balances ~$220 million  Reduced total deposit costs ~6 bps  One additional day in the quarter • Lower average earning total assets during the quarter, benefiting NIM • Impact from $266 million securities transaction to be seen in Q3 and beyond –  Modeled to provide ~6% yield pickup and payback period of less than a 4-years

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7 Noninterest Income & Expense $75.1 $79.5 $81.3 58.6% 60.9% 105.7% 2Q24 1Q25 2Q25 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $74.1 $79.1 $78.5 58.3% 59.9% 56.9% 2Q24 1Q25 2Q25 Core Noninterest Expense ($ millions) Core Noninterest Expense Core Efficiency Ratio $25.6 $23.0 $(34.6) $23.8 $23.6 $25.8 2Q24 1Q25 Noninterest Income ($ 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: • Securities loss of ~$60 million drove a negative noninterest income figure on a reported basis during the quarter • Adjusted Noninterest income1 was up $2.2 million led by – • ~$1 million increase in Swap Fees • ~$600 thousand increase in Mortgage Banking Income • ~$211 thousand in Investment Services • ~$201 thousand in ATM & Interchange Noninterest expense: • 2% increase on a reported basis, driven by higher merger and integration costs QoQ • Adjusted Noninterest expense1 was down $0.6 million as a result of lower share-based compensation expense, partially offset by an incremental QoQ increase in salaries 2Q25

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8 Loans HFI $9.31 $9.48 $9.60 $9.77 $9.87 6.70% 6.70% 6.51% 6.41% 6.44% 2Q 24 3Q 24 4Q 24 1Q 25 2Q25 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 17% 1-4 family HELOC 7% Multifamily 6% C&D 10% CRE 22% C&I 32% Other 6% Portfolio Mix $9.9 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 • Loans held for investment (HFI) balances grew during the quarter by ~$103 million, or 4.2% on an annualized basis, driven by – • Residential mortgage loans & lines of credit were up $56 million in aggregate • Commercial real estate non-owner-occupied balances were up $45 million • Consumer & other was up $43 million • Multi-family mortgage loans were down $61 million due to several larger pay offs during the quarter

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9 Residential Development 43% Commercial 29% Consumer 17% Multifamily 11% Construction 34% Land 7% Lots 2% Office 18% Retail 22% Hotel 15% Warehouse/Industrial 16% Land-Manufactured Housing 5% Self Storage 6% Healthcare Facility 3% Assisted Living Facility 7% Other 8% Diversified loan portfolio CRE2 exposure by type Note: Data as of June 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 $270 $232 $502 16% Finance and insurance 309 14 323 10% Manufacturing 154 125 279 9% Retail trade 82 180 262 8% Other services (except public admin) 61 197 258 8% Wholesale trade 124 72 196 6% Health care and social assistance 52 128 180 6% Information 162 13 175 6% Professional, scientific and tech services 130 42 172 6% Accommodation and food services 54 114 168 5% Construction 93 67 160 5% Transportation and warehousing 75 60 135 4% Administrative and support and waste management and remediation services 68 14 82 3% Arts, entertainment and recreation 36 36 72 2% Other 119 76 195 6% Total $1,789 $1,370 $3,159 100% Land 20% Retail 1% Other 8% Construction 13% Land 4%

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10 Nashville 55% Memphis 10% Knoxville 4% Huntsville 5% Birmingham 11% Chattanooga 2% Other 5% Communities 8% Class A 33% Class B 36% Class C 11% Under $2 Million 20% Office exposure • Office loans as of 2Q25 – • Represent 4% of total Loans HFI population • 99% of portfolio is pass rated and current • 23% 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 June 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 $140.5 $10.8 48.8% 94.4% Class B > $2 million 151.6 6.1 63.0% 80.2% Class C > $2 million 48.8 5.4 61.4% 80.3% Total > $2 million 340.9 7.3 56.9% 86.1% Total < $2 million 87.1 0.6 N/A N/A Total Office $428.0 $2.1 N/A NA Exposure by class

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11 Valuable deposit base Cost of deposits 20.9% 20.3% 18.9% 19.3% 19.2% 2.77% 2.83% 2.70% 2.54% 2.48% 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% 2Q24 3Q24 4Q24 1Q25 2Q25 Noninterest-bearing as % of total deposits Cost of total deposits (%) $4,675 $4,676 $4,853 $4,869 $4,772 $4,271 $4,887 $4,802 $4,696 $4,836 $1,522 $1,413 $1,555 $1,638 $1,795 $10,468 $10,976 $11,210 $11,203 $11,403 2Q24 3Q24 4Q24 1Q25 2Q25 Consumer Commercial Public Deposits by customer segment ($mm) • Strategic focus on growing relationships resulted in higher balances in non-interest bearing and money market accounts • Increase in public funds deposits driven by a notable short-term certificate of deposit • Improved cost of deposits due to deliberate runoff of higher cost non-relationship portfolios Highlights Noninterest -bearing checking 19% Interest- bearing checking 20% Money market 38% Savings 3% Time 20% 39% Checking accounts 2Q25 Deposit composition

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12 1.67% 1.40% 1.21% 0.89% 2.85% 1.48% 1.62% 1.81% 4.04% 1.54% 0.87% 1.31% 0.89% 2.51% 1.76% 1.60% 1.82% 3.59% 1.51% 1.13% 1.20% 0.87% 2.14% 1.86% 1.82% 1.35% 3.10% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC Consumer & Other 2Q24 1Q25 2Q25 Allowance Modeling & Reserve Allocation ACL on loans HFI / Loans HFI by category • During the quarter, the Company migrated to a new Allowance for Credit Losses model • The change was accounted for as a change in accounting estimate • The new model includes – • Opportunity for more granular inputs & outputs • A discounted cash flow modelling approach • Enhanced reporting and review capabilities Key forecast inputs1 3Q25 4Q25 1Q26 2Q26 National Unemployment Rate 4.3 4.3 4.5 4.7 CRE Price Index 1.2 1.1 1.2 1.4 National Housing Price Index 1.4 1.3 1.0 0.65 Prime Rate 6.8 6.5 6.3 6.0 1 Source: Moody's "June 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, June 2025.

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13 Asset Quality Metrics 0.63% 0.76% 0.69% 0.63% 0.76% 0.18% 0.23% 0.24% 0.21% 0.16% 0.81% 0.99% 0.93% 0.84% 0.92% 2Q24 3Q24 4Q24 1Q25 2Q25 Nonperforming Assets / Assets Other NPAs Optional GNMA repurchase • Net charge-off activity normalized during the quarter at an annualized rate of 0.02% • Net impact to provision expense from model change was ~$395 thousand • Provision expense up in the quarter driven by updated forecast assumptions and increased loan balances • Nonperforming asset levels increased, but migrating credits are well secured with negligible loss content $155 $156 $152 $151 $149 1.67% 1.65% 1.58% 1.54% 1.51% 2Q24 3Q24 4Q24 1Q25 2Q25 Allowance for Credit Losses & Coverage Ratio ($ millions) ACL ACL Coverage Ratio $2,224 $1,914 $7,084 $2,292 $5,337 0.02% 0.03% 0.47% 0.14% 0.02% 2Q24 3Q24 4Q24 1Q25 2Q25 Provision for Credit Losses & Net Charge Offs ($ thousands) Provision for Credit Losses NCO Ratio (ann.) 1 1 Includes other real estate owned and repossessed assets–see page 13 of the Second Quarter 2025 Financial Supplement. Highlights

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14 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 84% Trust Preferred 2% Subordinated Notes 6% Tier 2 ACL 8% Total regulatory capital: $1,704 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 2 2Q25 calculation is preliminary and subject to change. 3 Includes capacity from internal policy and does not include loans held at the REIT that could be pledged for additional capacity. On-balance sheet liquidity ($mm) $1,414 $1,462 $1,644 $1,498 $1,713 11.5% 11.5% 12.7% 11.6% 13.1% 2Q24 3Q24 4Q24 1Q25 2Q25 On-balance sheet liquidity On-balance sheet liquidity / tangible assets Capital Position 2Q24 1Q25 2Q25 Shareholder's Equity/Assets 12.0% 12.2% 12.1% TCE/TA1 10.2% 10.5% 10.4% Common Equity Tier 12 12.7% 12.8% 12.3% Tier 1 Risk-Based2 13.0% 13.1% 12.6% Total Risk-Based2 15.1% 15.2% 14.7% AOCI Adjusted Ratios:1,2 Adj. Common Equity Tier 1 11.9% Adjusted Total Risk-Based 14.3% 1 Capital & Liquidity: • Increased period end cash levels from the securities transaction at the end of 2Q25 & notable public funds deposit • Executed ~$34 million in share buy backs in 2Q25 • Securities portfolio makes up 10% of total assets and does not include any HTM securities • 2Q25 available sources of liquidity – • $1.7 billion on-balance sheet • $6.9 billion Total other sources3

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15 Mortgage results • Mortgage segment pre-tax pre-provision net revenue (PPNR) of $1.7 million and pre-tax net contribution of $(3.0) million • Increased revenue through strong loan sale and lock volumes during the quarter, coupled with improved margins • Segment profitability impacted by increased reserves on a portfolio of high loan-to-value (LTV) mortgage loans, as a result of the Company's change in accounting estimate for the Allowance for Credit Losses 2.84% 2.84% 2.71% 2.51% 2.86% 2Q24 3Q24 4Q24 1Q25 2Q25 Interest rate lock commitment volume ($mm) Mortgage gain on sale margin $336 $314 $258 $329 $402 $49 $67 $58 $53 $55 $385 $381 $316 $382 $457 2Q24 3Q24 4Q24 1Q25 2Q25 Purchase Refinance Highlights Mortgage Banking Segment ($ thousands) 2Q24 1Q25 2Q25 Total Revenue $13,553 $14,254 $15,674 (Reversals of) provisions for loan losses (208) 103 4,755 Noninterest expense 12,915 12,640 13,931 Pre-tax net contribution (loss) after allocations 846 1,511 (3,012) Total Assets 587,619 646,352 617,408 Efficiency Ratio 95.3% 88.7% 88.9% Core Efficiency Ratio1 96.1% 87.9% 89.1% 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 Deal metrics Deal Assumptions Status Cost savings 25% in 2025 75% in 2026 100% thereafter Transaction Costs ~$38 million 2026 EPS accretion ~12% 2026 Efficiency ratio ~50% Tangible book value per share dilution ($) ($1.04) Tangible book value per share dilution (%) (3.4%) Close / Integration timeline 4Q25 Better than expected On track Merger update: • Deal closed on July 1, 2025  ~90 days from announcement to close • Close & integration ahead of schedule • Deal economics and assumptions remain solid • New team members onboarded & working as one organization • System conversion anticipated in 3Q25 Deal Announced March 31, 2025 Regulatory Approval June 12, 2025 Shareholder Approval June 26, 2025 Legal Close July 1, 2025 Anticipated Conversion Weekend 8/29 – 9/1 Merger timeline:

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17 Appendix

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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