# EDGAR Filing Document

**Accession Number:** 0001649749
**File Stem:** 0001649749-26-000003
**Filing Date:** 2026-1
**Character Count:** 173032
**Document Hash:** b5a6858db485d8b41c311a2fc04ed2ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001649749-26-000003.hdr.sgml**: 20260121

**ACCESSION NUMBER**: 0001649749-26-000003

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 52

**CONFORMED PERIOD OF REPORT**: 20260121

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

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260121

**DATE AS OF CHANGE**: 20260121

**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:** 26548037

**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-20260121

**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): January 21, 2026

**FB FINANCIAL CORPORATION**

(Exact name of registrant as specified in its charter)

---

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

---

**1221 Broadway, Suite 1300** 

**Nashville, Tennessee 37203**

(Address of principal executive offices) (Zip Code)

**(615) 564-1212**

(Registrant's telephone number, including area code)

**Not Applicable** 

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

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

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

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

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

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

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

---

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

---

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

Emerging growth company ☐

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

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

On January 21, 2026, FB Financial Corporation ("***FB Financial***") issued a press release announcing its financial results for the fourth quarter and year ended December 31, 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 January 22, 2026, FB Financial will host a conference call to discuss financial results for the quarter ended December 31, 2025.

On January 21, 2026, FB Financial made available on its website (investors.firstbankonline.com) supplemental financial information for the fourth quarter ended December 31, 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 December 31, 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](a4q25pressreleasetablesfor.htm)</u> | <u>[Earnings Release issued January 21, 2026](a4q25pressreleasetablesfor.htm)</u> |
| <u>[99.2](a4q25supplementalfinancial.htm)</u> | <u>[Financial Supplement for the quarter ended December 31, 2025](a4q25supplementalfinancial.htm)</u> |
| <u>[99.3](a4q25fbkearningspresenta.htm)</u> | <u>[Earnings Presentation dated January 22, 2026](a4q25fbkearningspresenta.htm)</u> |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL document) |

---

------

**SIGNATURES**

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

---

| | | |
|:---|:---|:---|
| | **FB FINANCIAL CORPORATION** | **FB FINANCIAL CORPORATION** |
| | By: | /s/ Michael M. Mettee |
| | | Michael M. Mettee |
| | | Chief Financial Officer & Chief Operating Officer |
| | | (Principal Financial Officer) |
| Date: January 21, 2026 |  |  |

---

## Exhibit 99.1

![fb_suppa01a.jpg](fb_suppa01a.jpg)

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

**Reports Q4 Diluted EPS of $1.07, Adjusted Diluted EPS\* of $1.16** 

NASHVILLE, TENNESSEE—January 21, 2026—FB Financial Corporation (the "Company") (NYSE: FBK), parent company of FirstBank, reported net income of $57.0 million, or $1.07 per diluted common share, for the fourth quarter of 2025, compared to $0.43 in the previous quarter and $0.81 in the fourth quarter of last year. Adjusted net income\* was $61.5 million, or $1.16 per diluted common share, compared to $1.07 in the previous quarter and $0.85 in the fourth quarter of last year.

For the year ended December 31, 2025, the Company reported net income of $122.6 million, or $2.45 per diluted common share, compared to $116.0 million, or $2.48 per diluted common share, for the year ended December 31, 2024. Adjusted diluted earnings per common share\* were $3.99 and $3.40 for the years ended December 31, 2025 and 2024, respectively.

The Company ended the fourth quarter of 2025 with loans held for investment ("HFI") of $12.38 billion compared to $12.30 billion at the end of the previous quarter and $9.60 billion at the end of the fourth quarter of last year. Deposits were $13.91 billion as of December 31, 2025, compared to $13.81 billion as of September 30, 2025, and $11.21 billion as of December 31, 2024. Net interest margin ("NIM") was 3.98% for the fourth quarter of 2025, compared to 3.95% in the prior quarter and 3.50% in the fourth quarter of 2024. The Company ended the quarter with book value per common share of $37.64 and tangible book value per common share\* of $30.27.

President and Chief Executive Officer, Christopher T. Holmes stated, "We closed the year with solid earnings and a balance sheet that underscores strength, stability, and significant growth potential. We also deployed capital during the quarter through a substantial share repurchase that delivered meaningful earnings accretion, demonstrating our confidence in the Company and our commitment to creating long-term value."

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | | | | **Annualized** | |
| *(dollars in thousands, except share data)* | **Dec 2025** | **Sep 2025** | **Dec 2024** | **Dec 25 / Sep 25% Change** | **Dec 25 / Dec 24% Change** |
| **<u>Balance Sheet Highlights</u>** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investment securities, at fair value | $1459734 | $1428401 | $1538008 | 8.70% | (5.09)% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans held for sale | 201076 | 167449 | 126760 | 79.7% | 58.6% |
| &nbsp;&nbsp;&nbsp;&nbsp; Loans HFI | 12383626 | 12297600 | 9602384 | 2.78% | 29.0% |
| &nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on loans HFI | (185983) | (184993) | (151942) | 2.12% | 22.4% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total assets | 16300292 | 16236459 | 13157482 | 1.56% | 23.9% |
| &nbsp;&nbsp;&nbsp;&nbsp; Interest-bearing deposits (non-brokered) | 10649932 | 10634555 | 8625113 | 0.57% | 23.5% |
| &nbsp;&nbsp;&nbsp;&nbsp; Brokered deposits | 625634 | 487765 | 469089 | 112.1% | 33.4% |
| &nbsp;&nbsp;&nbsp;&nbsp; Noninterest-bearing deposits | 2634395 | 2690635 | 2116232 | (8.29)% | 24.5% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total deposits | 13909961 | 13812955 | 11210434 | 2.79% | 24.1% |
| &nbsp;&nbsp;&nbsp;&nbsp; Borrowings | 212764 | 213638 | 176789 | (1.62)% | 20.3% |
| &nbsp;&nbsp;&nbsp;&nbsp; Allowance for credit losses on unfunded<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; commitments | 16196 | 17392 | 6107 | (27.3)% | 165.2% |
| &nbsp;&nbsp;&nbsp;&nbsp; Total common shareholders' equity | 1948165 | 1978043 | 1567538 | (5.99)% | 24.3% |
| Book value per common share | $37.64 | $37.00 | $33.59 | 6.86% | 12.1% |
| Tangible book value per common share\* | $30.27 | $29.83 | $28.27 | 5.85% | 7.07% |
| Total common shareholders' equity to total assets | 12.0% | 12.2% | 11.9% |  |  |
| Tangible common equity to tangible assets\* | 9.84% | 10.1% | 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 Fourth 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 Fourth 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 Fourth 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 Fourth 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 Fourth 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 Fourth Quarter 2025 Financial Supplement.* |

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**FB Financial Corporation**

Fourth Quarter 2025 Results

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| | | | |
|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
| *(dollars in thousands, except share data)* | **Dec 2025** | **Sep 2025** | **Dec 2024** |
| **<u>Statement of Income Highlights</u>** |  |  |  |
| Net interest income | $149804 | $147240 | $108381 |
| *&nbsp;&nbsp;&nbsp;&nbsp; NIM* | 3.98% | 3.95% | 3.50% |
| Noninterest income | $28795 | $26635 | $21997 |
| *&nbsp;&nbsp;&nbsp;&nbsp; Loss on sales or write-downs of premises and equipment, other real estate <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; owned and other assets, net* | $(131) | $(646) | $(2162) |
| *&nbsp;&nbsp;&nbsp;&nbsp; Cash life insurance benefit* | $1148 | $— | $— |
| Total revenue | $178599 | $173875 | $130378 |
| Noninterest expense | $107548 | $109856 | $73174 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Early retirement and severance costs* | $1395 | $— | $463 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Loss on lease terminations and other branch closure costs* | $12 | $270 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;*Certain nonrecurring charitable contributions* | $1130 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;*Merger and integration costs* | $4611 | $16057 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp;*Efficiency ratio* | 60.2% | 63.2% | 56.1% |
| *&nbsp;&nbsp;&nbsp;&nbsp; Adjusted efficiency ratio\** | 56.3% | 53.3% | 54.6% |
| Pre-tax, pre-provision net revenue | $71051 | $64019 | $57204 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Adjusted pre-tax, pre-provision net revenue\** | $77118 | $80980 | $59829 |
| Provisions for credit losses | $1232 | $34417 | $7084 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Net charge-offs ratio* | 0.05% | 0.05% | 0.47% |
| Net income applicable to FB Financial Corporation | $56977 | $23375 | $37886 |
| &nbsp;&nbsp;&nbsp;&nbsp;Diluted earnings per common share | $1.07 | $0.43 | $0.81 |
| *&nbsp;&nbsp;&nbsp;&nbsp; Effective tax rate* | 18.4% | 21.0% | 24.4% |
| Adjusted net income\* | $61494 | $57606 | $39835 |
| &nbsp;&nbsp;&nbsp;&nbsp;*Adjusted diluted earnings per common share\** | $1.16 | $1.07 | $0.85 |
| Weighted average number of shares outstanding - fully diluted | 53074753 | 53957062 | 46862935 |
| **<u>Returns on average:</u>** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average total assets ("ROAA") | 1.40% | 0.58% | 1.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Adjusted\* | 1.51% | 1.43% | 1.20% |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average shareholders' equity | 11.6% | 4.69% | 9.63% |
| &nbsp;&nbsp;&nbsp;&nbsp; Return on average tangible common equity ("ROATCE")**\*** | 14.4% | 5.82% | 11.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adjusted\* | 15.9% | 14.7% | 12.2% |
| *\*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Fourth 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 Fourth 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 Fourth 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 Fourth Quarter 2025 Financial Supplement.* |

---

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

The Company reported loans HFI of $12.38 billion at the end of the fourth quarter of 2025, compared to $12.30 billion at the end of the prior quarter. Net growth in loans was attributable to increases of $34.2 million in commercial real estate loans, $28.4 million in residential real estate loans and $26.8 million in commercial and industrial loans offset by a $6.9 million decline in construction loans.

The Company reported total deposits of $13.91 billion at the end of the fourth quarter compared to $13.81 billion at the end of the third quarter. Total cost of deposits decreased to 2.40% during the fourth quarter compared to 2.53% in the third quarter of 2025. Lower costs were driven by the reduction in the federal funds rate, which decreased the expense of the Company's indexed deposits and supported lower costs across other interest-bearing deposits. Noninterest-bearing deposits were $2.63 billion at the end of the quarter compared to $2.69 billion at the end of the third quarter of 2025.

The Company reported net interest income on a tax-equivalent basis of $150.6 million for the fourth quarter of 2025, up from $148.1 million in the prior quarter. NIM increased to 3.98% for the fourth quarter of 2025 from 3.95% for the previous quarter, driven primarily by lower funding costs, including a 13 basis point reduction in deposit costs. This was partially offset by an 11 basis point decrease in the yield on loans HFI. Net accretion from purchase accounting adjustments impacted margin by 17 basis points in the fourth quarter of 2025.

The contractual yield on loans HFI decreased to 6.34% from 6.45% in the third quarter of 2025 and the cost of interest-bearing deposits decreased to 2.99% from 3.16% in the previous quarter.

Holmes continued, "Our balance sheet delivered modest loan growth in the fourth quarter as several large credits paid down late in the year and others in our pipeline shifted into 2026. For deposits, we remain focused on growing core banking deposits while intentionally reducing non-core funds, building a more durable and valuable funding base. Net interest income on a tax-equivalent

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**FB Financial Corporation**

Fourth Quarter 2025 Results

basis was a standout, surpassing $150 million for the quarter. These results reflect our disciplined approach and unwavering focus on building long-term value through strong fundamentals."

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

Adjusted noninterest income\* was $27.7 million for the fourth quarter of 2025, compared to $27.3 million and $24.2 million for the prior quarter and fourth quarter of 2024, respectively.

Mortgage banking income was $13.5 million in both the fourth quarter of 2025 and the prior quarter compared to $10.6 million in the fourth quarter of 2024.

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

Adjusted noninterest expense\* during the fourth quarter of 2025 was $100.4 million compared to $93.5 million for the prior quarter and $72.7 million for the fourth quarter of 2024. The increase reflects higher performance-based compensation resulting from exceeding performance targets. During the fourth quarter of 2025, the Company's adjusted efficiency ratio\*<sup>1</sup>was 56.3%, compared to 53.3% in the previous quarter and 54.6% in the fourth quarter of 2024.

Chief Financial Officer Michael Mettee commented, "Adjusted noninterest expense\* came in higher than the prior quarter, driven by performance-related accruals, while adjusted operating expenses tracked as expected. In managing expenses and capital investments in our core business, our goal is to continuously create additional operating leverage. We are focused on maximizing value from every dollar spent and positioning the Company for sustained revenue growth."

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

In the fourth quarter, the Company recorded provision expense of $2.4 million related to loans HFI and a provision reversal of $1.2 million associated with unfunded loan commitments. At the end of the fourth quarter of 2025, the Company had an allowance for credit losses on loans HFI of $186.0 million, representing 1.50% of loans HFI compared to $185.0 million, or 1.50% of loans HFI, at the end of the prior quarter.

The Company had net charge-offs of $1.4 million in the fourth quarter of 2025, representing annualized net charge-offs of 0.05% of average loans HFI, compared to 0.05% in the prior quarter and 0.47% in the fourth quarter of 2024. For the year ended December 31, 2025, the Company experienced net charge-offs of $6.7 million, or 0.06% of average loans HFI, compared to 0.14% for the year ended December 31, 2024.

The Company's nonperforming loans HFI as a percentage of total loans HFI increased to 0.97% as of the end of the fourth quarter of 2025, compared to 0.94% in the prior quarter and 0.87% in the fourth quarter of 2024. Nonperforming assets as a percentage of total assets increased to 0.97% as of the end of the fourth quarter of 2025, compared to 0.89% at the end of the prior quarter and 0.93% as of the end of the fourth quarter of 2024.

Holmes commented, "Charge-offs held steady at a very low level through the quarter and nonperforming assets were also relatively stable. Our allowance remains healthy, and our overall credit outlook continues to be stable with the Company well-positioned moving into 2026."

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

The Company maintained its strong capital position in the fourth quarter, resulting in a preliminary total risk-based capital ratio of 13.2%, preliminary common equity tier 1 ratio of 11.4% and tangible common equity to tangible assets ratio\* of 9.84%. The Company repurchased 1,717,948 shares during the quarter.

Holmes continued, "We repurchased approximately 3% of our outstanding common shares during the quarter while maintaining a strong tangible common equity to tangible assets ratio\* of almost 10%. Our focus remains on optimizing capital utilization, and we will maintain conservative levels of capital as we seek the right opportunities to drive long-term value."

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

Holmes finalized, "We closed the year, with the Company celebrating successes of 2025, but even more excited about 2026. I'm incredibly proud of the team for executing on a strategic combination, driving a successful share repurchase, restructuring the balance sheet, and attracting key talent. These deliberate actions weren't just about finishing strong; they were about building a foundation for sustainable growth. We enter 2026 with momentum, flexibility and confidence, ready to capitalize on opportunities and deliver long-term value for our shareholders, clients and communities."

*\*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 Fourth Quarter 2025 Financial Supplement.*

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**FB Financial Corporation**

Fourth Quarter 2025 Results

**WEBCAST AND CONFERENCE CALL INFORMATION**

FB Financial Corporation will host a conference call to discuss the Company's financial results on January 22, 2026, at 8:00 a.m. (Central Time). To listen to the call, participants should dial 1-877-883-0383 (confirmation code 7530998) approximately 10 minutes prior to the call. A telephonic replay will be available approximately two hours after the call through January 29, 2026, by dialing 1-855-669-9658 and entering confirmation code 8508111.

A live online broadcast of the Company's quarterly conference call will be available online at https://event.choruscall.com/mediaframe/webcast.html?webcastid=ofk8Kn9Q. An online replay will be available on the Company's website approximately two hours after the conclusion of the call and will remain available for 12 months.

**ABOUT FB FINANCIAL CORPORATION**

FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, in Tennessee, Kentucky, Alabama, and Georgia. FB Financial Corporation has approximately $16.3 billion in total assets and operates 90 full-service bank branches across its footprint.

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

---

**SUPPLEMENTAL FINANCIAL INFORMATION AND EARNINGS PRESENTATION**

Investors are encouraged to review this Earnings Release in conjunction with the Fourth 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 Fourth 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 January 21, 2026.

**FORWARD-LOOKING STATEMENTS**

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

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**FB Financial Corporation**

Fourth Quarter 2025 Results

(10) the effectiveness of the Company's controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (11) the Company's dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (12) the impact, extent and timing of technological changes, (13) concentrations of credit or deposit exposure, (14) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (15) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (16) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward-looking statements contained herein can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 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 adjusted revenue, consolidated adjusted and segment noninterest expense and consolidated adjusted noninterest income, consolidated adjusted efficiency ratio (tax-equivalent basis), and adjusted return on average assets and equity. Each of these non-GAAP metrics excludes certain income and expense items that the Company's management considers to be adjusted in nature. The Company refers to these non-GAAP measures as adjusted measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles.

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

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

-MORE-

------

**FB Financial Corporation**

Fourth Quarter 2025 Results

---

| | | | |
|:---|:---|:---|:---|
| **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(dollars in thousands, except share data)* | *(dollars in thousands, except share data)* | *(dollars in thousands, except share data)* | *(dollars in thousands, except share data)* |
|  | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** |
|  | **Dec 2025** | **Sep 2025** | **Dec 2024** |
| **Selected Balance Sheet Data** |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1155895 | $1280033 | $1042488 |
| &nbsp;&nbsp;&nbsp;Investment securities, at fair value | 1459734 | 1428401 | 1538008 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 201076 | 167449 | 126760 |
| &nbsp;&nbsp;&nbsp;Loans HFI | 12383626 | 12297600 | 9602384 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI | (185983) | (184993) | (151942) |
| &nbsp;&nbsp;&nbsp;Total assets | 16300292 | 16236459 | 13157482 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits (non-brokered) | 10649932 | 10634555 | 8625113 |
| &nbsp;&nbsp;&nbsp;Brokered deposits | 625634 | 487765 | 469089 |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 2634395 | 2690635 | 2116232 |
| &nbsp;&nbsp;&nbsp;Total deposits | 13909961 | 13812955 | 11210434 |
| &nbsp;&nbsp;&nbsp;Borrowings | 212764 | 213638 | 176789 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on unfunded commitments | 16196 | 17392 | 6107 |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1948165 | 1978043 | 1567538 |
| **Selected Statement of Income Data** |  |  |  |
| &nbsp;&nbsp;&nbsp;Total interest income | $235238 | $236898 | $186369 |
| &nbsp;&nbsp;&nbsp;Total interest expense | 85434 | 89658 | 77988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 149804 | 147240 | 108381 |
| &nbsp;&nbsp;&nbsp;Total noninterest income | 28795 | 26635 | 21997 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 107548 | 109856 | 73174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings before income taxes and provisions for credit losses | 71051 | 64019 | 57204 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 1232 | 34417 | 7084 |
| &nbsp;&nbsp;&nbsp;Income tax expense | 12834 | 6227 | 12226 |
| &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 | $56977 | $23375 | $37886 |
| &nbsp;&nbsp;&nbsp;Net interest income (tax-equivalent basis) | $150642 | $148088 | $109004 |
| &nbsp;&nbsp;&nbsp;Adjusted net income\* | $61494 | $57606 | $39835 |
| &nbsp;&nbsp;&nbsp;Adjusted pre-tax, pre-provision net revenue\* | $77118 | $80980 | $59829 |
| **Per Common Share** |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted net income | $1.07 | $0.43 | $0.81 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted net income\* | 1.16 | 1.07 | 0.85 |
| &nbsp;&nbsp;&nbsp;Book value | 37.64 | 37.00 | 33.59 |
| &nbsp;&nbsp;&nbsp;Tangible book value\* | 30.27 | 29.83 | 28.27 |
| &nbsp;&nbsp;&nbsp;Weighted average number of shares outstanding - fully diluted | 53074753 | 53957062 | 46862935 |
| &nbsp;&nbsp;&nbsp;Period-end number of shares | 51752401 | 53456522 | 46663120 |
| **Selected Ratios** |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets | 1.40% | 0.58% | 1.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | 11.6% | 4.69% | 9.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity\* | 14.4% | 5.82% | 11.5% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 60.2% | 63.2% | 56.1% |
| &nbsp;&nbsp;&nbsp;Adjusted efficiency ratio (tax-equivalent basis)\* | 56.3% | 53.3% | 54.6% |
| &nbsp;&nbsp;&nbsp;Loans HFI to deposit ratio | 89.0% | 89.0% | 85.7% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits to total deposits | 18.9% | 19.5% | 18.9% |
| &nbsp;&nbsp;&nbsp;Net interest margin (tax-equivalent basis) | 3.98% | 3.95% | 3.50% |
| &nbsp;&nbsp;&nbsp;Yield on interest-earning assets | 6.23% | 6.35% | 6.01% |
| &nbsp;&nbsp;&nbsp;Cost of interest-bearing liabilities | 3.02% | 3.21% | 3.40% |
| &nbsp;&nbsp;&nbsp;Cost of total deposits | 2.40% | 2.53% | 2.70% |
| **Credit Quality Ratios** |  |  |  |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.50% | 1.50% | 1.58% |
| &nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.05% | 0.05% | 0.47% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans HFI as a percentage of loans HFI | 0.97% | 0.94% | 0.87% |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percentage of total assets | 0.97% | 0.89% | 0.93% |
| **Preliminary Capital Ratios (consolidated)** |  |  |  |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity to assets | 12.0% | 12.2% | 11.9% |
| &nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets\* | 9.84% | 10.1% | 10.2% |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage | 10.3% | 10.6% | 11.3% |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital  | 11.4% | 11.7% | 13.1% |
| &nbsp;&nbsp;&nbsp;Total risk-based capital  | 13.2% | 13.6% | 15.2% |
| &nbsp;&nbsp;&nbsp;Common equity Tier 1  | 11.4% | 11.7% | 12.8% |

---

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

-END-

## Exhibit 99.2

![logoa07.jpg](logoa07.jpg)

**Fourth Quarter 2025**

**Financial Supplement**

------

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
| | **<u>Page</u>** |
| Financial Summary and Key Metrics | [4](#i49264c392abd4f91bd1e5f170e265790_10) |
| Consolidated Statements of Income | [5](#i49264c392abd4f91bd1e5f170e265790_13) |
| Consolidated Balance Sheets | [7](#i49264c392abd4f91bd1e5f170e265790_19) |
| Average Balance and Interest Yield/Rate Analysis | [8](#i49264c392abd4f91bd1e5f170e265790_22) |
| Investments and Other Sources of Liquidity | [11](#i49264c392abd4f91bd1e5f170e265790_31) |
| Loan Portfolio | [12](#i49264c392abd4f91bd1e5f170e265790_34) |
| Asset Quality | [13](#i49264c392abd4f91bd1e5f170e265790_37) |
| Selected Deposit Data | [14](#i49264c392abd4f91bd1e5f170e265790_40) |
| Preliminary Capital Ratios | [15](#i49264c392abd4f91bd1e5f170e265790_43) |
| Segment Data | [16](#i49264c392abd4f91bd1e5f170e265790_46) |
| Non-GAAP Reconciliations | [17](#i49264c392abd4f91bd1e5f170e265790_49) |

---

------

**Use of non-GAAP Financial Measures**

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

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

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** | **Financial Summary and Key Metrics** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* |
|  | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** |
|  | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** |
| **Selected Balance Sheet Data** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1155895 | $1280033 | $1165729 | $794706 | $1042488 |
| &nbsp;&nbsp;&nbsp;Investment securities, at fair value | 1459734 | 1428401 | 1337565 | 1580720 | 1538008 |
| &nbsp;&nbsp;&nbsp;Loans held for sale | 201076 | 167449 | 144212 | 172770 | 126760 |
| &nbsp;&nbsp;&nbsp;Loans HFI | 12383626 | 12297600 | 9874282 | 9771536 | 9602384 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI | (185983) | (184993) | (148948) | (150531) | (151942) |
| &nbsp;&nbsp;&nbsp;Total assets | 16300292 | 16236459 | 13354238 | 13136449 | 13157482 |
| &nbsp;&nbsp;&nbsp;Interest-bearing deposits (non-brokered) | 10649932 | 10634555 | 8692848 | 8623636 | 8625113 |
| &nbsp;&nbsp;&nbsp;Brokered deposits | 625634 | 487765 | 518719 | 414428 | 469089 |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits | 2634395 | 2690635 | 2191903 | 2163934 | 2116232 |
| &nbsp;&nbsp;&nbsp;Total deposits | 13909961 | 13812955 | 11403470 | 11201998 | 11210434 |
| &nbsp;&nbsp;&nbsp;Borrowings | 212764 | 213638 | 164485 | 168944 | 176789 |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on unfunded commitments | 16196 | 17392 | 12932 | 6493 | 6107 |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1948165 | 1978043 | 1611130 | 1601962 | 1567538 |
| **Selected Statement of Income Data** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total interest income | $235238 | $236898 | $182084 | $179706 | $186369 |
| &nbsp;&nbsp;&nbsp;Total interest expense | 85434 | 89658 | 70669 | 72065 | 77988 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 149804 | 147240 | 111415 | 107641 | 108381 |
| &nbsp;&nbsp;&nbsp;Total noninterest income (loss) | 28795 | 26635 | (34552) | 23032 | 21997 |
| &nbsp;&nbsp;&nbsp;Total noninterest expense | 107548 | 109856 | 81261 | 79549 | 73174 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earnings (losses) before income taxes and provisions for credit <br> losses | 71051 | 64019 | (4398) | 51124 | 57204 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 1232 | 34417 | 5337 | 2292 | 7084 |
| &nbsp;&nbsp;&nbsp;Income tax expense (benefit) | 12834 | 6227 | (12652) | 9471 | 12226 |
| &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 | $56977 | $23375 | $2909 | $39361 | $37886 |
| &nbsp;&nbsp;&nbsp;Net interest income (tax-equivalent basis) | $150642 | $148088 | $112236 | $108427 | $109004 |
| &nbsp;&nbsp;&nbsp;Adjusted net income\* | $61494 | $57606 | $40821 | $40108 | $39835 |
| &nbsp;&nbsp;&nbsp;Adjusted pre-tax, pre-provision net revenue\* | $77118 | $80980 | $58649 | $52134 | $59829 |
| **Per Common Share** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Diluted net income | $1.07 | $0.43 | $0.06 | $0.84 | $0.81 |
| &nbsp;&nbsp;&nbsp;Adjusted diluted net income\* | 1.16 | 1.07 | 0.88 | 0.85 | 0.85 |
| &nbsp;&nbsp;&nbsp;Book value | 37.64 | 37.00 | 35.17 | 34.44 | 33.59 |
| &nbsp;&nbsp;&nbsp;Tangible book value\* | 30.27 | 29.83 | 29.78 | 29.12 | 28.27 |
| &nbsp;&nbsp;&nbsp;Weighted average number of shares outstanding - fully diluted | 53074753 | 53957062 | 46179090 | 47024211 | 46862935 |
| &nbsp;&nbsp;&nbsp;Period-end number of shares | 51752401 | 53456522 | 45807689 | 46514547 | 46663120 |
| **Selected Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Return on average: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Assets | 1.40% | 0.58% | 0.09% | 1.21% | 1.14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholders' equity | 11.6% | 4.69% | 0.74% | 10.1% | 9.63% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tangible common equity\* | 14.4% | 5.82% | 0.87% | 11.9% | 11.5% |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 60.2% | 63.2% | 105.7% | 60.9% | 56.1% |
| &nbsp;&nbsp;&nbsp;Adjusted efficiency ratio (tax-equivalent basis)\* | 56.3% | 53.3% | 56.9% | 59.9% | 54.6% |
| &nbsp;&nbsp;&nbsp;Loans HFI to deposit ratio | 89.0% | 89.0% | 86.6% | 87.2% | 85.7% |
| &nbsp;&nbsp;&nbsp;Noninterest-bearing deposits to total deposits | 18.9% | 19.5% | 19.2% | 19.3% | 18.9% |
| &nbsp;&nbsp;&nbsp;Net interest margin (NIM) (tax-equivalent basis) | 3.98% | 3.95% | 3.68% | 3.55% | 3.50% |
| &nbsp;&nbsp;&nbsp;Yield on interest-earning assets | 6.23% | 6.35% | 5.99% | 5.91% | 6.01% |
| &nbsp;&nbsp;&nbsp;Cost of interest-bearing liabilities | 3.02% | 3.21% | 3.13% | 3.16% | 3.40% |
| &nbsp;&nbsp;&nbsp;Cost of total deposits | 2.40% | 2.53% | 2.48% | 2.54% | 2.70% |
| **Credit Quality Ratios** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.50% | 1.50% | 1.51% | 1.54% | 1.58% |
| &nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.05% | 0.05% | 0.02% | 0.14% | 0.47% |
| &nbsp;&nbsp;&nbsp;Nonperforming loans HFI as a percentage of loans HFI | 0.97% | 0.94% | 0.97% | 0.79% | 0.87% |
| &nbsp;&nbsp;&nbsp;Nonperforming assets as a percentage of total assets | 0.97% | 0.89% | 0.92% | 0.84% | 0.93% |
| **Preliminary Capital Ratios (consolidated)** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Total common shareholders' equity to assets | 12.0% | 12.2% | 12.1% | 12.2% | 11.9% |
| &nbsp;&nbsp;&nbsp;Tangible common equity to tangible assets\* | 9.84% | 10.1% | 10.4% | 10.5% | 10.2% |
| &nbsp;&nbsp;&nbsp;Tier 1 leverage | 10.3% | 10.6% | 11.3% | 11.4% | 11.3% |
| &nbsp;&nbsp;&nbsp;Tier 1 risk-based capital | 11.4% | 11.7% | 12.6% | 13.1% | 13.1% |
| &nbsp;&nbsp;&nbsp;Total risk-based capital | 13.2% | 13.6% | 14.7% | 15.2% | 15.2% |
| &nbsp;&nbsp;&nbsp;Common equity Tier 1 | 11.4% | 11.7% | 12.3% | 12.8% | 12.8% |

---

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

FB Financial Corporation 4

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** | **Consolidated Statements of Income** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* |
|  |  |  |  |  |  | **Dec 2025** | **Dec 2025** |
|  |  |  |  |  |  | **vs.** | **vs.** |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Sep 2025** | **Dec 2024** |
|  | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Percent variance** | **Percent variance** |
| Interest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans | $209734 | $209307 | $159697 | $153185 | $156792 | 0.20% | 33.8% |
| &nbsp;&nbsp;&nbsp;Interest on investment securities |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 14380 | 14395 | 14661 | 14471 | 15043 | (0.10)% | (4.41)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 1058 | 1058 | 1036 | 1033 | 1035 | —% | 2.22% |
| &nbsp;&nbsp;&nbsp;Other | 10066 | 12138 | 6690 | 11017 | 13499 | (17.1)% | (25.4)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 235238 | 236898 | 182084 | 179706 | 186369 | (0.70)% | 26.2% |
| Interest expense: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 83813 | 86577 | 68568 | 70249 | 76131 | (3.19)% | 10.1% |
| &nbsp;&nbsp;&nbsp;Borrowings | 1621 | 3081 | 2101 | 1816 | 1857 | (47.4)% | (12.7)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 85434 | 89658 | 70669 | 72065 | 77988 | (4.71)% | 9.55% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 149804 | 147240 | 111415 | 107641 | 108381 | 1.74% | 38.2% |
| Provision for (reversal of) credit losses on loans HFI | 2428 | 29957 | (1102) | 1906 | 7019 | (91.9)% | (65.4)% |
| (Reversal of) provision for credit losses on unfunded <br> commitments | (1196) | 4460 | 6439 | 386 | 65 | (126.8)% | (1940.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provisions for credit <br> losses | 148572 | 112823 | 106078 | 105349 | 101297 | 31.7% | 46.7% |
| Noninterest income: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 13505 | 13484 | 13029 | 12426 | 10586 | 0.16% | 27.6% |
| &nbsp;&nbsp;&nbsp;Investment services and trust income | 4473 | 4227 | 3922 | 3711 | 3853 | 5.82% | 16.1% |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 4184 | 4049 | 3392 | 3479 | 3548 | 3.33% | 17.9% |
| &nbsp;&nbsp;&nbsp;ATM and interchange fees | 3146 | 3388 | 2878 | 2677 | 2867 | (7.14)% | 9.73% |
| &nbsp;&nbsp;&nbsp;Gain (loss) from securities, net | 64 | 12 | (60549) | 16 |  | 433.3% | 100.0% |
| &nbsp;&nbsp;&nbsp;(Loss) gain on sales or write-downs of premises and&nbsp;&nbsp;&nbsp;&nbsp;equipment, other real estate owned and other assets, net | (131) | (646) | 236 | (625) | (2162) | (79.7)% | (93.9)% |
| &nbsp;&nbsp;&nbsp;Other income | 3554 | 2121 | 2540 | 1348 | 3305 | 67.6% | 7.53% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income (loss) | 28795 | 26635 | (34552) | 23032 | 21997 | 8.11% | 30.9% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Total revenue* | *178599* | *173875* | *76863* | *130673* | *130378* | 2.72% | 37.0% |
| Noninterest expenses: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 63529 | 59210 | 46631 | 48351 | 45432 | 7.29% | 39.8% |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment expense | 7239 | 7539 | 6710 | 6597 | 6668 | (3.98)% | 8.56% |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 4611 | 16057 | 2734 | 401 |  | (71.3)% | 100.0% |
| &nbsp;&nbsp;&nbsp;Advertising | 2464 | 2453 | 2178 | 2487 | 2030 | 0.45% | 21.4% |
| &nbsp;&nbsp;&nbsp;Data processing | 2809 | 2457 | 2161 | 2313 | 2462 | 14.3% | 14.1% |
| &nbsp;&nbsp;&nbsp;Amortization of core deposits and other intangibles | 1932 | 2079 | 631 | 656 | 687 | (7.07)% | 181.2% |
| &nbsp;&nbsp;&nbsp;Legal and professional fees | 2503 | 1227 | 2426 | 1992 | 1881 | 104.0% | 33.1% |
| &nbsp;&nbsp;&nbsp;Other expense | 22461 | 18834 | 17790 | 16752 | 14014 | 19.3% | 60.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 107548 | 109856 | 81261 | 79549 | 73174 | (2.10)% | 47.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income (loss) before income taxes | 69819 | 29602 | (9735) | 48832 | 50120 | 135.9% | 39.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Income tax expense (benefit) | 12834 | 6227 | (12652) | 9471 | 12226 | 106.1% | 4.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial <br>Corporation and noncontrolling interest | 56985 | 23375 | 2917 | 39361 | 37894 | 143.8% | 50.4% |
| &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 | $56977 | $23375 | $2909 | $39361 | $37886 | 143.8% | 50.4% |
| Weighted average common shares outstanding: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 52621950 | 53627997 | 45946428 | 46674698 | 46662772 | (1.88)% | 12.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 53074753 | 53957062 | 46179090 | 47024211 | 46862935 | (1.64)% | 13.3% |
| Earnings per common share: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $1.08 | $0.44 | $0.06 | $0.84 | $0.81 | 145.5% | 33.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 1.07 | 0.43 | 0.06 | 0.84 | 0.81 | 148.8% | 32.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted - adjusted\* | 1.16 | 1.07 | 0.88 | 0.85 | 0.85 | 8.41% | 36.5% |

---

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

FB Financial Corporation 5

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---

| | | | |
|:---|:---|:---|:---|
| **Consolidated 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)* |
|  |  |  | **Dec 2025** |
|  |  |  | **vs.** |
|  | **Year Ended** | **Year Ended** | **Dec 2024** |
|  | **Dec 2025** | **Dec 2024** | **Percent variance** |
| Interest income: |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and fees on loans | $731923 | $626402 | 16.8% |
| &nbsp;&nbsp;&nbsp;Interest on investment securities |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taxable | 57907 | 50057 | 15.7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax-exempt | 4185 | 4749 | (11.9)% |
| &nbsp;&nbsp;&nbsp;Other | 39911 | 44330 | (9.97)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest income | 833926 | 725538 | 14.9% |
| Interest expense: |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits | 309207 | 296345 | 4.34% |
| &nbsp;&nbsp;&nbsp;Borrowings | 8619 | 12690 | (32.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest expense | 317826 | 309035 | 2.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income | 516100 | 416503 | 23.9% |
| Provision for credit losses on loans HFI | 33189 | 14667 | 126.3% |
| Provision for (reversal of) credit losses on unfunded commitments | 10089 | (2663) | (478.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net interest income after provisions for credit losses | 472822 | 404499 | 16.9% |
| Noninterest income: |  |  |  |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 52444 | 46634 | 12.5% |
| &nbsp;&nbsp;&nbsp;Investment services and trust income | 16333 | 14191 | 15.1% |
| &nbsp;&nbsp;&nbsp;Service charges on deposit accounts | 15104 | 13234 | 14.1% |
| &nbsp;&nbsp;&nbsp;ATM and interchange fees | 12089 | 11465 | 5.44% |
| &nbsp;&nbsp;&nbsp;Loss from securities, net | (60457) | (56378) | 7.24% |
| &nbsp;&nbsp;&nbsp;Loss on sales or write-downs of premises and equipment, other real estate owned and other assets, net | (1166) | (2167) | (46.2)% |
| &nbsp;&nbsp;&nbsp;Other income | 9563 | 12091 | (20.9)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest income | 43910 | 39070 | 12.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Total revenue* | *560010* | *455573* | 22.9% |
| Noninterest expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 217721 | 183813 | 18.4% |
| &nbsp;&nbsp;&nbsp;Occupancy and equipment expense | 28085 | 26250 | 6.99% |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 23803 |  | 100.0% |
| &nbsp;&nbsp;&nbsp;Data processing | 9740 | 9642 | 1.02% |
| &nbsp;&nbsp;&nbsp;Advertising | 9582 | 7007 | 36.7% |
| &nbsp;&nbsp;&nbsp;Legal and professional fees | 8148 | 7679 | 6.11% |
| &nbsp;&nbsp;&nbsp;Amortization of core deposit and other intangibles | 5298 | 2947 | 79.8% |
| &nbsp;&nbsp;&nbsp;Other expense | 75837 | 59561 | 27.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest expense | 378214 | 296899 | 27.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Income before income taxes | 138518 | 146670 | (5.56)% |
| &nbsp;&nbsp;&nbsp;Income tax expense | 15880 | 30619 | (48.1)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interest and FB Financial Corporation | 122638 | 116051 | 5.68% |
| &nbsp;&nbsp;&nbsp;Net income applicable to noncontrolling interests | 16 | 16 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income applicable to FB Financial Corporation | $122622 | $116035 | 5.68% |
| Weighted average common shares outstanding: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | 49744804 | 46737217 | 6.44% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 50070121 | 46872625 | 6.82% |
| Earnings per common share: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Basic | $2.47 | $2.48 | (0.40)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted | 2.45 | 2.48 | (1.21)% |
| &nbsp;&nbsp;&nbsp;&nbsp;Fully diluted - adjusted\* | 3.99 | 3.40 | 17.4% |

---

*\*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** |  |
|  |  |  |  |  |  | **Dec 2025** | **Dec 2025** |
|  |  |  |  |  |  | **vs.** | **vs.** |
|  | **As of** | **As of** | **As of** | **As of** | **As of** | **Sep 2025** | **Dec 2024** |
|  | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Percent variance** | **Percent variance** |
| **ASSETS** |  |  |  |  |  |  |  |
| Cash and due from banks | $196213 | $154286 | $143317 | $149607 | $120153 | 107.8% | 63.3% |
| Federal funds sold and reverse repurchase agreements | 213391 | 283451 | 352124 | 109982 | 125825 | (98.1)% | 69.6% |
| Interest-bearing deposits in financial institutions | 746291 | 842296 | 670288 | 535117 | 796510 | (45.2)% | (6.30)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | 1155895 | 1280033 | 1165729 | 794706 | 1042488 | (38.5)% | 10.9% |
| Investments: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Available-for-sale debt securities, at fair value | 1459579 | 1426951 | 1337565 | 1580720 | 1538008 | 9.07% | (5.10)% |
| &nbsp;&nbsp;&nbsp;Equity securities, at fair value | 155 | 1450 |  |  |  | (354.3)% | (100.0)% |
| &nbsp;&nbsp;&nbsp;Restricted equity securities, at cost | 79046 | 36231 | 33626 | 32234 | 32749 | 468.8% | 141.4% |
| Loans held for sale | 201076 | 167449 | 144212 | 172770 | 126760 | 79.7% | 58.6% |
| Loans held for investment | 12383626 | 12297600 | 9874282 | 9771536 | 9602384 | 2.78% | 29.0% |
| &nbsp;&nbsp;&nbsp;Less: allowance for credit losses on loans HFI | 185983 | 184993 | 148948 | 150531 | 151942 | 2.12% | 22.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net loans held for investment | 12197643 | 12112607 | 9725334 | 9621005 | 9450442 | 2.79% | 29.1% |
| Premises and equipment, net | 182370 | 183595 | 147243 | 146272 | 148899 | (2.65)% | 22.5% |
| Other real estate owned, net | 6009 | 4466 | 2998 | 3326 | 4409 | 137.1% | 36.3% |
| Operating lease right-of-use assets | 49249 | 51035 | 47764 | 47381 | 47963 | (13.9)% | 2.68% |
| Interest receivable | 58565 | 60755 | 50386 | 51268 | 49611 | (14.3)% | 18.0% |
| Mortgage servicing rights, at fair value | 148795 | 149840 | 153464 | 156379 | 162038 | (2.77)% | (8.17)% |
| Goodwill | 350353 | 350353 | 242561 | 242561 | 242561 | —% | 44.4% |
| Core deposit and other intangibles, net | 31284 | 33216 | 4475 | 5106 | 5762 | (23.1)% | 442.9% |
| Bank-owned life insurance | 111865 | 113374 | 72686 | 72400 | 72504 | (5.28)% | 54.3% |
| Other assets | 268408 | 265104 | 226195 | 210321 | 233288 | 4.94% | 15.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $16300292 | $16236459 | $13354238 | $13136449 | $13157482 | 1.56% | 23.9% |
| **LIABILITIES AND SHAREHOLDERS' EQUITY** |  |  |  |  |  |  |  |
| Liabilities: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Deposits |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Noninterest-bearing | $2634395 | $2690635 | $2191903 | $2163934 | $2116232 | (8.29)% | 24.5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | 2651369 | 2458625 | 2325551 | 2776958 | 2906425 | 31.1% | (8.78)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money market and savings | 5969640 | 5968094 | 4645552 | 4482908 | 4338483 | 0.10% | 37.6% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 2028923 | 2206790 | 1721745 | 1363770 | 1380205 | (32.0)% | 47.0% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 625634 | 488811 | 518719 | 414428 | 469089 | 111.1% | 33.4% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total deposits | 13909961 | 13812955 | 11403470 | 11201998 | 11210434 | 2.79% | 24.1% |
| &nbsp;&nbsp;&nbsp;Borrowings | 212764 | 213638 | 164485 | 168944 | 176789 | (1.62)% | 20.3% |
| &nbsp;&nbsp;&nbsp;Operating lease liabilities | 60556 | 62664 | 59289 | 59174 | 60024 | (13.3)% | 0.89% |
| &nbsp;&nbsp;&nbsp;Accrued expenses and other liabilities | 168753 | 169066 | 115771 | 104278 | 142604 | (0.73)% | 18.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 14352034 | 14258323 | 11743015 | 11534394 | 11589851 | 2.61% | 23.8% |
| Shareholders' equity: |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common stock, $1 par value | 51752 | 53457 | 45808 | 46515 | 46663 | (12.7)% | 10.9% |
| &nbsp;&nbsp;&nbsp;Additional paid-in capital | 1082344 | 1163164 | 822548 | 854715 | 860266 | (27.6)% | 25.8% |
| &nbsp;&nbsp;&nbsp;Retained earnings | 846620 | 799900 | 786785 | 792685 | 762293 | 23.2% | 11.1% |
| &nbsp;&nbsp;&nbsp;Accumulated other comprehensive loss, net | (32551) | (38478) | (44011) | (91953) | (101684) | (61.1)% | (68.0)% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total common shareholders' equity | 1948165 | 1978043 | 1611130 | 1601962 | 1567538 | (5.99)% | 24.3% |
| &nbsp;&nbsp;&nbsp;Noncontrolling interest | 93 | 93 | 93 | 93 | 93 | —% | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 1948258 | 1978136 | 1611223 | 1602055 | 1567631 | (5.99)% | 24.3% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $16300292 | $16236459 | $13354238 | $13136449 | $13157482 | 1.56% | 23.9% |

---

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** |
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **September 30, 2025** | **September 30, 2025** | **September 30, 2025** |
|  | **Average<br>balances** | **Interest<br>income/<br>expense** | **Average<br>yield/<br>rate** | **Average<br>balances** | **Interest<br>income/<br>expense** | **Average<br>yield/<br>rate** |
| **Interest-earning assets:** |  |  |  |  |  |  |
| Loans HFI<sup>(a)(b)</sup> | $12368964 | $207140 | 6.64% | $12189401 | $207423 | 6.75% |
| Mortgage loans held for sale | 169422 | 3059 | 7.16% | 162205 | 2359 | 5.77% |
| Investment securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1346232 | 14380 | 4.24% | 1304894 | 14395 | 4.38% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 169355 | 1431 | 3.35% | 169523 | 1431 | 3.35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1515587 | 15811 | 4.14% | 1474417 | 15826 | 4.26% |
| Federal funds sold and reverse repurchase agreements | 238393 | 2426 | 4.04% | 331029 | 3966 | 4.75% |
| Interest-bearing deposits with other financial institutions | 693612 | 6800 | 3.89% | 671634 | 7340 | 4.34% |
| Restricted equity securities, at cost | 49029 | 840 | 6.80% | 36907 | 832 | 8.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 15035007 | 236076 | 6.23% | 14865593 | 237746 | 6.35% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |
| Cash and due from banks | 137536 |  |  | 139226 |  |  |
| Allowance for credit losses on loans HFI | (185526) |  |  | (181973) |  |  |
| Other assets<sup>(c)(d)</sup> | 1164178 |  |  | 1184942 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 1116188 |  |  | 1142195 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $16151195 |  |  | $16007788 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest-bearing checking | $2379679 | $11538 | 1.92% | $2331589 | $12383 | 2.11% |
| &nbsp;&nbsp;&nbsp;Money market | 5609158 | 46018 | 3.25% | 5561538 | 49019 | 3.50% |
| &nbsp;&nbsp;&nbsp;Savings deposits | 417110 | 419 | 0.40% | 406787 | 248 | 0.24% |
| &nbsp;&nbsp;&nbsp;Customer time deposits | 2088577 | 19561 | 3.72% | 1997905 | 18965 | 3.77% |
| &nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 608136 | 6277 | 4.10% | 560127 | 5962 | 4.22% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 2696713 | 25838 | 3.80% | 2558032 | 24927 | 3.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 11102660 | 83813 | 2.99% | 10857946 | 86577 | 3.16% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 12473 | 31 | 0.99% | 13144 | 31 | 0.94% |
| &nbsp;&nbsp;&nbsp;Federal Home Loan Bank advances |  |  | —% | 15217 | 172 | 4.48% |
| &nbsp;&nbsp;&nbsp;Subordinated debt | 83458 | 1491 | 7.09% | 180805 | 2872 | 6.30% |
| &nbsp;&nbsp;&nbsp;Other borrowings | 9296 | 99 | 4.23% | 1168 | 6 | 2.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 105227 | 1621 | 6.11% | 210334 | 3081 | 5.81% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 11207887 | 85434 | 3.02% | 11068280 | 89658 | 3.21% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand deposits | 2733207 |  |  | 2724898 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 253375 |  |  | 236732 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2986582 |  |  | 2961630 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 14194469 |  |  | 14029910 |  |  |
| Total common shareholders' equity | 1956633 |  |  | 1977785 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 1956726 |  |  | 1977878 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $16151195 |  |  | $16007788 |  |  |
| Net interest income<sup>(b)</sup> |  | $150642 |  |  | $148088 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 3.21% |  |  | 3.14% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.98% |  |  | 3.95% |
| Cost of total deposits |  |  | 2.40% |  |  | 2.53% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 134.1% |  |  | 134.3% |
| Tax-equivalent adjustment |  | $838 |  |  | $848 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $197683 | 6.34% |  | $198320 | 6.45% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 2633 | 0.08% |  | 1575 | 0.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion on purchased loans |  | 6406 | 0.21% |  | 7025 | 0.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 418 | 0.01% |  | 503 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $207140 | 6.64% |  | $207423 | 6.75% |

---

*(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 $51,415 and $64,781 for the three months ended December 31, 2025 and September 30, 2025, respectively.* 

*(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $23,208 and 21,645 for the three months ended December 31, 2025 and September 30, 2025, respectively.*

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

FB Financial Corporation 8

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| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** | **Average Balance and Interest Yield/Rate Analysis (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) | (*Dollars in Thousands*) |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** |
|  | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **March 31, 2025** | **March 31, 2025** | **March 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 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> | $9840932 | $157964 | 6.44% | $9621057 | $152174 | 6.41% | $9522996 | $155897 | 6.51% |
| Mortgage loans held for sale | 126072 | 2189 | 6.96% | 93944 | 1433 | 6.19% | 71569 | 1153 | 6.41% |
| Investment securities: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1534895 | 14661 | 3.83% | 1541868 | 14471 | 3.81% | 1523297 | 15043 | 3.93% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 167675 | 1401 | 3.35% | 167958 | 1397 | 3.37% | 168284 | 1400 | 3.31% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1702570 | 16062 | 3.78% | 1709826 | 15868 | 3.76% | 1691581 | 16443 | 3.87% |
| Federal funds sold and reverse repurchase agreements | 113252 | 1256 | 4.45% | 123390 | 1374 | 4.52% | 112388 | 1393 | 4.93% |
| Interest-bearing deposits with other financial institutions | 426073 | 4733 | 4.46% | 811216 | 8902 | 4.45% | 943638 | 11361 | 4.79% |
| Restricted equity securities, at cost | 35623 | 701 | 7.89% | 32493 | 741 | 9.25% | 32773 | 745 | 9.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 12244522 | 182905 | 5.99% | 12391926 | 180492 | 5.91% | 12374945 | 186992 | 6.01% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |  |  |  |
| Cash and due from banks | 115717 |  |  | 123158 |  |  | 117819 |  |  |
| Allowance for credit losses on loans HFI | (151586) |  |  | (152234) |  |  | (155022) |  |  |
| Other assets<sup>(c)(d)</sup> | 823837 |  |  | 844119 |  |  | 856453 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 787968 |  |  | 815043 |  |  | 819250 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $13032490 |  |  | $13206969 |  |  | $13194195 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | $2521239 | $15870 | 2.52% | $2840211 | $18267 | 2.61% | $2837092 | $20957 | 2.94% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 4115987 | 34957 | 3.41% | 4083754 | 34360 | 3.41% | 3880258 | 35044 | 3.59% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 352307 | 98 | 0.11% | 353865 | 66 | 0.08% | 349912 | 62 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 1404368 | 12454 | 3.56% | 1373045 | 12702 | 3.75% | 1402300 | 14114 | 4.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 481686 | 5189 | 4.32% | 443923 | 4854 | 4.43% | 518337 | 5954 | 4.57% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 1886054 | 17643 | 3.75% | 1816968 | 17556 | 3.92% | 1920637 | 20068 | 4.16% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 8875587 | 68568 | 3.10% | 9094798 | 70249 | 3.13% | 8987899 | 76131 | 3.37% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 11107 | 26 | 0.94% | 11046 | 6 | 0.22% | 14791 | 16 | 0.43% |
| &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% | 130658 | 1837 | 5.59% |
| &nbsp;&nbsp;&nbsp; Other borrowings | 2294 | 4 | 0.70% | 1220 | 6 | 1.99% | 1245 | 4 | 1.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 167329 | 2101 | 5.04% | 143021 | 1816 | 5.15% | 146694 | 1857 | 5.04% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 9042916 | 70669 | 3.13% | 9237819 | 72065 | 3.16% | 9134593 | 77988 | 3.40% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Demand deposits | 2206305 |  |  | 2134924 |  |  | 2241492 |  |  |
| &nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 200077 |  |  | 250175 |  |  | 253514 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2406382 |  |  | 2385099 |  |  | 2495006 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 11449298 |  |  | 11622918 |  |  | 11629599 |  |  |
| Total common shareholders' equity | 1583099 |  |  | 1583958 |  |  | 1564503 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  | 93 |  |  |
| Total equity | 1583192 |  |  | 1584051 |  |  | 1564596 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $13032490 |  |  | $13206969 |  |  | $13194195 |  |  |
| Net interest income<sup>(b)</sup> |  | $112236 |  |  | $108427 |  |  | $109004 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 2.86% |  |  | 2.75% |  |  | 2.61% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.68% |  |  | 3.55% |  |  | 3.50% |
| Cost of total deposits |  |  | 2.48% |  |  | 2.54% |  |  | 2.70% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 135.4% |  |  | 134.1% |  |  | 135.5% |
| Tax-equivalent adjustment |  | $821 |  |  | $786 |  |  | $623 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $155697 | 6.34% |  | $149819 | 6.31% |  | $153255 | 6.40% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 1945 | 0.08% |  | 1797 | 0.08% |  | 1859 | 0.08% |
| &nbsp;&nbsp;&nbsp;&nbsp;(Amortization) accretion on purchased loans |  | (62) | —% |  | 2 | —% |  | 119 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 384 | 0.02% |  | 556 | 0.02% |  | 664 | 0.03% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $157964 | 6.44% |  | $152174 | 6.41% |  | $155897 | 6.51% |

---

*(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, $132,262 and $119,243 for the three months ended June 30, 2025, March 31, 2025 and* 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*December 31, 2024, respectively.* 

*(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $25,159, $30,731 <br> and $31,519 for the three months ended June 30, 2025, March 31, 2025 and December 31, 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

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **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)* |
|  | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** | **Year Ended** |
|  | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2024** | **December 31, 2024** | **December 31, 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> | $11015862 | $724701 | 6.58% | $9384458 | $622830 | 6.64% |
| Mortgage loans held for sale | 138183 | 9040 | 6.54% | 66983 | 4486 | 6.70% |
| Investment securities: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Taxable | 1431088 | 57907 | 4.05% | 1468646 | 50057 | 3.41% |
| &nbsp;&nbsp;&nbsp;Tax-exempt<sup>(b)</sup> | 168634 | 5660 | 3.36% | 196003 | 6423 | 3.28% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities<sup>(b)</sup> | 1599722 | 63567 | 3.97% | 1664649 | 56480 | 3.39% |
| Federal funds sold and reverse repurchase agreements | 202186 | 9022 | 4.46% | 123601 | 6703 | 5.42% |
| Interest-bearing deposits with other financial institutions | 650369 | 27775 | 4.27% | 666810 | 34587 | 5.19% |
| Restricted equity securities, at cost | 38554 | 3114 | 8.08% | 33307 | 3040 | 9.13% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-earning assets<sup>(b)</sup> | 13644876 | 837219 | 6.14% | 11939808 | 728126 | 6.10% |
| **Noninterest-earning assets:** |  |  |  |  |  |  |
| Cash and due from banks | 128977 |  |  | 135338 |  |  |
| Allowance for credit losses on loans HFI | (167960) |  |  | (153265) |  |  |
| Other assets<sup>(c)(d)</sup> | 1005642 |  |  | 803867 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-earning assets | 966659 |  |  | 785940 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total assets | $14611535 |  |  | $12725748 |  |  |
| **Interest-bearing liabilities:** |  |  |  |  |  |  |
| Interest-bearing deposits: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Interest-bearing checking | $2516406 | $58058 | 2.31% | $2625713 | $80045 | 3.05% |
| &nbsp;&nbsp;&nbsp;&nbsp;Money market | 4848758 | 164354 | 3.39% | 3827898 | 147075 | 3.84% |
| &nbsp;&nbsp;&nbsp;&nbsp;Savings deposits | 382757 | 831 | 0.22% | 363649 | 253 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Customer time deposits | 1718706 | 63682 | 3.71% | 1399278 | 55529 | 3.97% |
| &nbsp;&nbsp;&nbsp;&nbsp;Brokered and internet time deposits | 524018 | 22282 | 4.25% | 276864 | 13443 | 4.86% |
| &nbsp;&nbsp;&nbsp;&nbsp; Time deposits | 2242724 | 85964 | 3.83% | 1676142 | 68972 | 4.11% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing deposits | 9990645 | 309207 | 3.09% | 8493402 | 296345 | 3.49% |
| **Other interest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Securities sold under agreements to repurchase and federal funds purchased | 11950 | 94 | 0.79% | 21339 | 366 | 1.72% |
| &nbsp;&nbsp;&nbsp; Federal Home Loan Bank advances | 9589 | 418 | 4.36% |  |  | —% |
| &nbsp;&nbsp;&nbsp; Subordinated debt | 131473 | 7992 | 6.08% | 130352 | 7638 | 5.86% |
| &nbsp;&nbsp;&nbsp; Other borrowings | 3509 | 115 | 3.28% | 97182 | 4686 | 4.82% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other interest-bearing liabilities | 156521 | 8619 | 5.51% | 248873 | 12690 | 5.10% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total interest-bearing liabilities | 10147166 | 317826 | 3.13% | 8742275 | 309035 | 3.53% |
| **Noninterest-bearing liabilities:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Demand deposits | 2452226 |  |  | 2233092 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Other liabilities<sup>(d)</sup> | 235105 |  |  | 244549 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total noninterest-bearing liabilities | 2687331 |  |  | 2477641 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities | 12834497 |  |  | 11219916 |  |  |
| Total common shareholders' equity | 1776945 |  |  | 1505739 |  |  |
| Noncontrolling interest | 93 |  |  | 93 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total equity | 1777038 |  |  | 1505832 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total liabilities and shareholders' equity | $14611535 |  |  | $12725748 |  |  |
| Net interest income<sup>(b)</sup> |  | $519393 |  |  | $419091 |  |
| Interest rate spread<sup>(b)</sup> |  |  | 3.01% |  |  | 2.57% |
| Net interest margin<sup>(b)(e)</sup> |  |  | 3.81% |  |  | 3.51% |
| Cost of total deposits |  |  | 2.49% |  |  | 2.76% |
| Average interest-earning assets to average interest-bearing liabilities |  |  | 134.5% |  |  | 136.6% |
| Tax equivalent adjustment |  | $3293 |  |  | $2588 |  |
| **Loans HFI yield components:** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Contractual interest rate<sup>(b)</sup> |  | $701519 | 6.37% |  | $614051 | 6.54% |
| &nbsp;&nbsp;&nbsp;&nbsp;Origination and other loan fee income |  | 7950 | 0.07% |  | 6365 | 0.07% |
| &nbsp;&nbsp;&nbsp;&nbsp;Accretion on purchased loans |  | 13371 | 0.12% |  | 657 | 0.01% |
| &nbsp;&nbsp;&nbsp;&nbsp;Nonaccrual interest |  | 1861 | 0.02% |  | 1757 | 0.02% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total loans HFI yield |  | $724701 | 6.58% |  | $622830 | 6.64% |

---

*(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 $94,017 and $166,149 for the years ended December 31, 2025 and 2024, respectively.*

*(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $25,156 and $24,639 for the &nbsp;&nbsp;&nbsp;&nbsp; years ended December 31, 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** |
|  | **Dec 2025** | **Dec 2025** | **Sep 2025** | **Sep 2025** | **Jun 2025** | **Jun 2025** | **Mar 2025** | **Mar 2025** | **Dec 2024** | **Dec 2024** |
| **Investment securities, at fair value** |  |  |  |  |  |  |  |  |  |  |
| Available-for-sale debt securities: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. government agency securities | $670088 | 46% | $653197 | 46% | $642264 | 48% | $602942 | 38% | $563007 | 36% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities - residential | 602320 | 41% | 587587 | 41% | 541343 | 40% | 816556 | 52% | 810999 | 53% |
| &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-backed securities - commercial | 10678 | 1% | 10681 | 1% | 8752 | 1% | 14828 | 1% | 14857 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Municipal securities | 168370 | 12% | 165411 | 12% | 144228 | 11% | 145396 | 9% | 147857 | 10% |
| &nbsp;&nbsp;&nbsp;&nbsp;Treasury securities | 7125 | —% | 7080 | —% |  | —% |  | —% | 299 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate securities | 998 | —% | 2995 | —% | 978 | —% | 998 | —% | 989 | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available-for-sale debt securities | 1459579 | 100% | 1426951 | 100% | 1337565 | 100% | 1580720 | 100% | 1538008 | 100% |
| Equity securities, at fair value | 155 | —% | 1450 | —% |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total investment securities, at fair value | $1459734 | 100% | $1428401 | 100% | $1337565 | 100% | $1580720 | 100% | $1538008 | 100% |
| Investment securities to total assets | 8.96% |  | 8.80% |  | 10.0% |  | 12.0% |  | 11.7% |  |
| Unrealized loss on available-for-sale debt securities | (47887) |  | (55890) |  | (63262) |  | (128173) |  | (141389) |  |
| **Sources of liquidity** |  |  |  |  |  |  |  |  |  |  |
| Current on-balance sheet: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Cash and cash equivalents | $1155895 | 64% | $1280033 | 68% | $1165729 | 68% | $794706 | 53% | $1042488 | 63% |
| &nbsp;&nbsp;&nbsp;&nbsp;Unpledged available-for-sale debt securities | 649000 | 36% | 608716 | 32% | 547354 | 32% | 703117 | 47% | 600965 | 37% |
| &nbsp;&nbsp;&nbsp;&nbsp;Equity securities, at fair value | 155 | —% | 1450 | —% |  | —% |  | —% |  | —% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total on-balance sheet liquidity | $1805050 | 100% | $1890199 | 100% | $1713083 | 100% | $1497823 | 100% | $1643453 | 100% |
| Available sources of liquidity: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Unsecured borrowing capacity<sup>(a)</sup> | $3915314 | 43% | $4018822 | 52% | $3325751 | 48% | $3369107 | 48% | $3318091 | 49% |
| &nbsp;&nbsp;&nbsp;&nbsp;FHLB remaining borrowing capacity | 2214796 | 25% | 1551283 | 20% | 1481376 | 21% | 1476688 | 21% | 1397905 | 21% |
| &nbsp;&nbsp;&nbsp;&nbsp;Federal Reserve discount window | 2879586 | 32% | 2196785 | 28% | 2119018 | 31% | 2134448 | 31% | 2053541 | 30% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total available sources of liquidity | $9009696 | 100% | $7766890 | 100% | $6926145 | 100% | $6980243 | 100% | $6769537 | 100% |
| On-balance sheet liquidity as a <br>&nbsp;&nbsp;&nbsp;&nbsp;percentage of total assets | 11.1% |  | 11.6% |  | 12.8% |  | 11.4% |  | 12.5% |  |
| On-balance sheet liquidity as a <br>&nbsp;&nbsp;&nbsp;&nbsp;percentage of total tangible assets\* | 11.3% |  | 11.9% |  | 13.1% |  | 11.6% |  | 12.7% |  |
| 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> | 264.8% |  | 245.0% |  | 289.5% |  | 283.4% |  | 293.8% |  |

---

*(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** |
|  | **Dec 2025** | **% of Total** | **Sep 2025** | **% of Total** | **Jun 2025** | **% of Total** | **Mar 2025** | **% of Total** | **Dec 2024** | **% of Total** |
| **Loan portfolio** |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial | $2181935 | 18% | $2155105 | 17% | $1788911 | 18% | $1782981 | 18% | $1691213 | 18% |
| Construction | 1188494 | 10% | 1195392 | 10% | 1022678 | 10% | 1022299 | 10% | 1087732 | 11% |
| Residential real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 1838122 | 15% | 1852626 | 15% | 1660696 | 17% | 1632574 | 17% | 1616754 | 17% |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 741309 | 6% | 707303 | 6% | 641433 | 7% | 613868 | 6% | 602475 | 6% |
| &nbsp;&nbsp;&nbsp;Multi-family mortgage | 745360 | 6% | 736424 | 6% | 587254 | 6% | 648326 | 7% | 653769 | 7% |
| Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner-occupied | 2148870 | 17% | 2124920 | 17% | 1370123 | 14% | 1356007 | 14% | 1357568 | 14% |
| &nbsp;&nbsp;&nbsp;Non-owner occupied | 2900499 | 23% | 2890233 | 24% | 2198689 | 22% | 2153825 | 22% | 2099129 | 22% |
| Consumer and other | 639037 | 5% | 635597 | 5% | 604498 | 6% | 561656 | 6% | 493744 | 5% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total loans HFI | $12383626 | 100% | $12297600 | 100% | $9874282 | 100% | $9771536 | 100% | $9602384 | 100% |
| *Percentage of loans HFI portfolio with<br>&nbsp;&nbsp;&nbsp;&nbsp;floating interest rates* |  | 52.2% |  | 51.5% |  | 49.6% |  | 49.7% |  | 49.4% |
| *Percentage of loans HFI portfolio with<br> floating interest rates that mature after<br> one year* |  | 49.3% |  | 48.0% |  | 45.2% |  | 44.4% |  | 43.5% |
| **Loans by market**<sup>(a)</sup> |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan | $5812055 | 47% | $5828109 | 48% | $4964113 | 50% | $5005392 | 51% | $4952026 | 51% |
| &nbsp;&nbsp;&nbsp;Community | 2893961 | 23% | 2876244 | 23% | 1380561 | 14% | 1367412 | 14% | 1308869 | 14% |
| &nbsp;&nbsp;&nbsp;Specialty lending and other | 3677610 | 30% | 3593247 | 29% | 3529608 | 36% | 3398732 | 35% | 3341489 | 35% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $12383626 | 100% | $12297600 | 100% | $9874282 | 100% | $9771536 | 100% | $9602384 | 100% |
| **Unfunded loan commitments** |  |  |  |  |  |  |  |  |  |  |
| Commercial and industrial | $1464207 | 45% | $1451366 | 46% | $1396533 | 49% | $1349491 | 48% | $1371413 | 50% |
| Construction | 704781 | 22% | 731742 | 23% | 535669 | 19% | 540992 | 19% | 498133 | 18% |
| Residential real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 16942 | 1% | 5581 | —% | 3545 | —% | 5094 | —% | 7299 | —% |
| &nbsp;&nbsp;&nbsp;Residential line of credit | 828042 | 26% | 808961 | 25% | 745570 | 26% | 743413 | 27% | 734031 | 26% |
| &nbsp;&nbsp;&nbsp;Multi-family mortgage | 6698 | —% | 6665 | —% | 4260 | —% | 9586 | —% | 12044 | —% |
| Commercial real estate: |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner-occupied | 92265 | 3% | 96287 | 3% | 86135 | 3% | 68566 | 3% | 78856 | 3% |
| &nbsp;&nbsp;&nbsp;Non-owner occupied | 65037 | 2% | 68293 | 2% | 67974 | 2% | 63948 | 2% | 54898 | 2% |
| Consumer and other | 20530 | 1% | 21480 | 1% | 21999 | 1% | 14547 | 1% | 13431 | 1% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total unfunded loans HFI | $3198502 | 100% | $3190375 | 100% | $2861685 | 100% | $2795637 | 100% | $2770105 | 100% |

---

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

FB Financial Corporation 12

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Asset Quality** | **Asset Quality** | **Asset Quality** | **Asset Quality** | **Asset Quality** | **Asset Quality** |
| **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** | **As of or for the Three Months Ended** |
|  | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** |
| **Allowance for credit losses on loans HFI roll forward summary** |  |  |  |  |  |
| Allowance for credit losses on loans HFI at the beginning of the period | $184993 | $148948 | $150531 | $151942 | $156260 |
| Charge-offs | (1818) | (1709) | (1454) | (3893) | (12010) |
| Recoveries | 380 | 279 | 973 | 576 | 673 |
| Impact of change in accounting estimate for current expected credit losses |  |  | (6848) |  |  |
| Provision for credit losses on loans HFI | 2428 | 29957 | 5746 | 1906 | 7019 |
| Initial allowance on acquired loans with credit deterioration |  | 7518 |  |  |  |
| Allowance for credit losses on loans HFI at the end of the period | $185983 | $184993 | $148948 | $150531 | $151942 |
| Allowance for credit losses on loans HFI as a percentage of loans HFI | 1.50% | 1.50% | 1.51% | 1.54% | 1.58% |
| Allowance for credit losses on unfunded commitments | $16196 | $17392 | $12932 | $6493 | $6107 |
| **Charge-offs** |  |  |  |  |  |
| Commercial and industrial | $(65) | $(100) | $(70) | $(2901) | $(10921) |
| Construction |  | (399) |  |  | (30) |
| Residential real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | (368) | (322) | (433) | (3) | (144) |
| Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner occupied |  |  |  | (17) |  |
| Consumer and other | (1385) | (888) | (951) | (972) | (915) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total charge-offs | (1818) | (1709) | (1454) | (3893) | (12010) |
| **Recoveries** |  |  |  |  |  |
| Commercial and industrial | 159 | 12 | 173 | 42 | 371 |
| Residential real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;1-to-4 family mortgage | 13 | 6 | 11 | 9 | 9 |
| &nbsp;&nbsp;&nbsp;Residential line of credit |  | 11 | 1 |  |  |
| Commercial real estate: |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Owner occupied | 8 | 4 | 9 | 21 | 5 |
| &nbsp;&nbsp;&nbsp;Non-owner occupied |  |  | 528 | 1 |  |
| Consumer and other | 200 | 246 | 251 | 503 | 288 |
| &nbsp;&nbsp;&nbsp;Total recoveries | 380 | 279 | 973 | 576 | 673 |
| &nbsp;&nbsp;&nbsp;Net charge-offs | $(1438) | $(1430) | $(481) | $(3317) | $(11337) |
| &nbsp;&nbsp;&nbsp;&nbsp;Annualized net charge-offs as a percentage of average loans HFI | 0.05% | 0.05% | 0.02% | 0.14% | 0.47% |
| **Nonperforming assets** |  |  |  |  |  |
| Loans past due 90 days or more and accruing interest | $32751 | $26311 | $21962 | $28422 | $24347 |
| Nonaccrual loans | 87721 | 89448 | 73950 | 48738 | 59358 |
| Total nonperforming loans HFI | 120472 | 115759 | 95912 | 77160 | 83705 |
| Mortgage loans held for sale<sup>(a)</sup> | 28102 | 21660 | 20977 | 27152 | 31357 |
| Other real estate owned | 6009 | 4466 | 2998 | 3326 | 4409 |
| Other repossessed assets | 3564 | 3314 | 3151 | 2791 | 2444 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total nonperforming assets | $158147 | $145199 | $123038 | $110429 | $121915 |
| Total nonperforming loans HFI as a percentage of loans HFI | 0.97% | 0.94% | 0.97% | 0.79% | 0.87% |
| Total nonperforming assets as a percentage of total assets | 0.97% | 0.89% | 0.92% | 0.84% | 0.93% |
| Total nonaccrual loans as a percentage of loans HFI | 0.71% | 0.73% | 0.75% | 0.50% | 0.62% |

---

*(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** |
|  | **Dec 2025** | **Dec 2025** | **Sep 2025** | **Sep 2025** | **Jun 2025** | **Jun 2025** | **Mar 2025** | **Mar 2025** | **Dec 2024** | **Dec 2024** |
| **Deposits by market**<sup>(a)</sup> |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Metropolitan | $6020095 | 43% | $5766856 | 42% | $5359974 | 47% | $5390434 | 48% | $5246590 | 47% |
| &nbsp;&nbsp;&nbsp;Community | 6926897 | 50% | 6822736 | 49% | 4713637 | 42% | 4819665 | 43% | 4729962 | 42% |
| &nbsp;&nbsp;&nbsp;Brokered/wholesale | 625634 | 5% | 487765 | 4% | 518719 | 4% | 414428 | 4% | 469089 | 4% |
| &nbsp;&nbsp;&nbsp;Escrow and other<sup>(b)</sup> | 337335 | 2% | 735598 | 5% | 811140 | 7% | 577471 | 5% | 764793 | 7% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $13909961 | 100% | $13812955 | 100% | $11403470 | 100% | $11201998 | 100% | $11210434 | 100% |
| **Deposits by customer<br>&nbsp;&nbsp;&nbsp;&nbsp;segment** |  |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Consumer | $6063015 | 44% | $5966458 | 43% | $4772582 | 42% | $4868544 | 43% | $4853609 | 43% |
| &nbsp;&nbsp;&nbsp;Commercial | 6162221 | 44% | 6045418 | 44% | 4835968 | 42% | 4695923 | 42% | 4802105 | 43% |
| &nbsp;&nbsp;&nbsp;Public | 1684725 | 12% | 1801079 | 13% | 1794920 | 16% | 1637531 | 15% | 1554720 | 14% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total | $13909961 | 100% | $13812955 | 100% | $11403470 | 100% | $11201998 | 100% | $11210434 | 100% |
| Estimated insured or<br> collateralized deposits | $9825599 |  | $9871337 |  | $8418783 |  | $8210241 |  | $8346796 |  |
| Estimated uninsured<br>&nbsp;&nbsp;&nbsp;&nbsp;and uncollateralized<br>&nbsp;&nbsp;&nbsp;&nbsp;deposits<sup>(c)</sup> | $4084362 |  | $3941618 |  | $2984687 |  | $2991757 |  | $2863638 |  |
| Estimated uninsured and<br>&nbsp;&nbsp;&nbsp;&nbsp;uncollateralized deposits<br>&nbsp;&nbsp;&nbsp;&nbsp;as a % of total<br>&nbsp;&nbsp;&nbsp;&nbsp;deposits<sup>(c)</sup> | 29.4% |  | 28.5% |  | 26.2% |  | 26.7% |  | 25.5% |  |

---

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

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

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

FB Financial Corporation 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:** | **December 31, 2025** | **December 31, 2024** |
| **Total Common Shareholders' Equity** | $**1948165** | $**1567538** |
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 350353 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangibles | 31284 | 5762 |
| **Tangible Common Equity** | $**1566528** | $**1319215** |
| **Total Assets** | $**16300292** | $**13157482** |
| Less: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Goodwill | 350353 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Other intangibles | 31284 | 5762 |
| **Tangible Assets** | $**15918655** | $**12909159** |
| **Preliminary Total Risk-Weighted Assets** | $**14252337** | $**11306312** |
| **Total Common Equity to Total Assets** | **12.0%** | **11.9%** |
| **Tangible Common Equity to Tangible Assets\*** | **9.84%** | **10.2%** |
|  | **December 31, 2025** | **December 31, 2024** |
| **Preliminary Regulatory Capital:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Equity Tier 1 Capital | $1625952 | $1450722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Capital | 1625952 | 1480722 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Capital | 1888038 | 1721941 |
| **Preliminary Regulatory Capital Ratios:** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Equity Tier 1 | 11.4% | 12.8% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Risk-Based | 11.4% | 13.1% |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Risk-Based | 13.2% | 15.2% |
| &nbsp;&nbsp;&nbsp;&nbsp;Tier 1 Leverage | 10.3% | 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** |
|  | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** |
| Banking segment |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | $233202 | $236073 | $180960 | $178915 | $186219 |
| &nbsp;&nbsp;&nbsp;Interest expense | 86637 | 91214 | 72051 | 73156 | 79426 |
| &nbsp;&nbsp;&nbsp;Net interest income | $146565 | $144859 | $108909 | $105759 | $106793 |
| &nbsp;&nbsp;&nbsp;Provisions for credit losses | 796 | 34070 | 582 | 2189 | 7133 |
| &nbsp;&nbsp;&nbsp;Noninterest income (loss) | 15207 | 13078 | (47720) | 10660 | 11311 |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 55928 | 51441 | 38635 | 41469 | 38289 |
| &nbsp;&nbsp;&nbsp;Merger and integration costs | 4611 | 16057 | 2734 | 401 |  |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 33017 | 29471 | 25961 | 25039 | 22715 |
| &nbsp;&nbsp;&nbsp;Pre-tax net contribution (loss) after allocations | $67420 | $26898 | $(6723) | $47321 | $49967 |
| &nbsp;&nbsp;&nbsp;Total assets | $15623962 | $15598629 | $12736830 | $12490097 | $12554435 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 57.8% | 61.4% | 110.0% | 57.5% | 51.7% |
| &nbsp;&nbsp;&nbsp;*Adjusted efficiency ratio\** | 53.5% | 50.6% | 52.8% | 56.5% | 50.1% |
| Mortgage segment |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest income | $2036 | $825 | $1124 | $791 | $150 |
| &nbsp;&nbsp;&nbsp;Interest expense | (1203) | (1556) | (1382) | (1091) | (1438) |
| &nbsp;&nbsp;&nbsp;Net interest income | $3239 | $2381 | $2506 | $1882 | $1588 |
| &nbsp;&nbsp;&nbsp;Provisions for (reversals of) loan losses | 436 | 347 | 4755 | 103 | (49) |
| &nbsp;&nbsp;&nbsp;Mortgage banking income | 13505 | 13484 | 13029 | 12426 | 10586 |
| &nbsp;&nbsp;&nbsp;Other noninterest income (loss) | 83 | 73 | 139 | (54) | 100 |
| &nbsp;&nbsp;&nbsp;Salaries, commissions and employee benefits | 7601 | 7769 | 7996 | 6882 | 7143 |
| &nbsp;&nbsp;&nbsp;Other noninterest expense | 6391 | 5118 | 5935 | 5758 | 5027 |
| &nbsp;&nbsp;&nbsp;Pre-tax net contribution (loss) after allocations | $2399 | $2704 | $(3012) | $1511 | $153 |
| &nbsp;&nbsp;&nbsp;Total assets | $676330 | $637830 | $617408 | $646352 | $603047 |
| &nbsp;&nbsp;&nbsp;Efficiency ratio | 83.2% | 80.9% | 88.9% | 88.7% | 99.2% |
| &nbsp;&nbsp;&nbsp;*Adjusted efficiency ratio\** | 83.2% | 80.9% | 89.1% | 87.9% | 99.2% |
| Interest rate lock commitments volume | $385516 | $432149 | $456720 | $381777 | $315891 |
| Interest rate lock commitments pipeline (period end) | $86586 | $128961 | $127004 | $118200 | $65687 |
| Mortgage loan sales | $336085 | $343450 | $391061 | $222805 | $287291 |
| Gains and fees from origination and sale of mortgage loans held for sale | $9976 | $9237 | $11200 | $5602 | $7788 |
| Net change in fair value of loans held for sale, derivatives, and other | (57) | 801 | (876) | 2816 | (96) |
| Mortgage servicing income | 6668 | 6836 | 6936 | 7077 | 7305 |
| Change in fair value of mortgage servicing rights, net of hedging | (3082) | (3390) | (4231) | (3069) | (4411) |
| &nbsp;&nbsp;&nbsp;&nbsp;Total mortgage banking income | $13505 | $13484 | $13029 | $12426 | $10586 |
| Mortgage sale margin<sup>(a)</sup> | 2.97% | 2.69% | 2.86% | 2.51% | 2.71% |

---

*\*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** | **Year Ended** | **Year Ended** |
| **Adjusted net income** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Dec 2025** | **Dec 2024** |
| **Income (loss) before income <br> taxes** | 69819 | 29602 | (9735) | 48832 | 50120 | 138518 | 146670 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, <br> net | 64 | 12 | (60549) | 16 |  | (60457) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (131) | (646) | 236 | (625) | (2162) | (1166) | (2167) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 1148 |  |  |  |  | 1148 | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus initial provision for credit <br> losses on acquired loans and <br> unfunded commitments |  | 28366 |  |  |  | 28366 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and <br> severance costs | 1395 |  |  |  | 463 | 1395 | 1478 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations <br> and other branch closure costs | 12 | 270 |  |  |  | 282 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus certain nonrecurring <br> charitable contributions | 1130 |  |  |  |  | 1130 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration<br> costs | 4611 | 16057 | 2734 | 401 |  | 23803 |  |
| **Adjusted pre-tax net income** | 75886 | 74929 | 53312 | 49842 | 52745 | 253969 | 205136 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less income tax expense, <br>&nbsp;&nbsp;&nbsp;&nbsp;adjusted for items above<sup>(a)</sup> | 14392 | 17323 | 3778 | 9734 | 12910 | 45227 | 45855 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus income tax benefit<sup>(b)</sup> |  |  | (8713) |  |  | (8713) |  |
| **Adjusted net income** | 61494 | 57606 | 40821 | 40108 | 39835 | 200029 | 159281 |
| Weighted average common share<br>&nbsp;&nbsp;&nbsp;&nbsp; outstanding - fully diluted | 53074753 | 53957062 | 46179090 | 47024211 | 46862935 | 50070121 | 46872625 |
| **Adjusted diluted earnings per<br>&nbsp;&nbsp;&nbsp;&nbsp; common share** |  |  |  |  |  |  |  |
| Diluted earnings per common <br> share | 1.07 | 0.43 | 0.06 | 0.84 | 0.81 | 2.45 | 2.48 |
| **Adjusted diluted earnings per <br> common share** | 1.16 | 1.07 | 0.88 | 0.85 | 0.85 | 3.99 | 3.40 |
| *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* |

---

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** | **Year Ended** | **Year Ended** |
| **Adjusted pre-tax pre-provision net <br>&nbsp;&nbsp;&nbsp;&nbsp;revenue** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Dec 2025** | **Dec 2024** |
| **Income (loss) before income taxes** | 69819 | 29602 | (9735) | 48832 | 50120 | 138518 | 146670 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus provisions for credit losses | 1232 | 34417 | 5337 | 2292 | 7084 | 43278 | 12004 |
| **Pre-tax pre-provision net revenue** | 71051 | 64019 | (4398) | 51124 | 57204 | 181796 | 158674 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, net | 64 | 12 | (60549) | 16 |  | (60457) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (131) | (646) | 236 | (625) | (2162) | (1166) | (2167) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 1148 |  |  |  |  | 1148 | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and severance<br> costs | 1395 |  |  |  | 463 | 1395 | 1478 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations and <br> other branch closure costs | 12 | 270 |  |  |  | 282 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus certain nonrecurring <br> charitable contributions | 1130 |  |  |  |  | 1130 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration costs | 4611 | 16057 | 2734 | 401 |  | 23803 |  |
| **Adjusted pre-tax pre-provision net <br>&nbsp;&nbsp;&nbsp;&nbsp;revenue** | 77118 | 80980 | 58649 | 52134 | 59829 | 268881 | 217140 |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
| **Adjusted tangible net income** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Dec 2025** | **Dec 2024** |
| **Income (loss) before income taxes** | 69819 | 29602 | (9735) | 48832 | 50120 | 138518 | 146670 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus amortization of core deposit<br>&nbsp;&nbsp;&nbsp;&nbsp; and other intangibles | 1932 | 2079 | 631 | 656 | 687 | 5298 | 2947 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, net | 64 | 12 | (60549) | 16 |  | (60457) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (131) | (646) | 236 | (625) | (2162) | (1166) | (2167) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 1148 |  |  |  |  | 1148 | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus initial provision for credit <br> losses on acquired loans and <br> unfunded commitments |  | 28366 |  |  |  | 28366 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus early retirement and severance<br> costs | 1395 |  |  |  | 463 | 1395 | 1478 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus loss on lease terminations and <br> other branch closure costs | 12 | 270 |  |  |  | 282 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus certain nonrecurring <br> charitable contributions | 1130 |  |  |  |  | 1130 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus merger and integration costs | 4611 | 16057 | 2734 | 401 |  | 23803 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less income tax expense, adjusted<br>&nbsp;&nbsp;&nbsp;&nbsp; for items above<sup>(a)</sup> | 14895 | 17864 | 3942 | 9905 | 13089 | 46606 | 46623 |
| &nbsp;&nbsp;&nbsp;&nbsp;Plus income tax benefit<sup>(b)</sup> |  |  | (8713) |  |  | (8713) |  |
| **Adjusted tangible net income** | 62923 | 59144 | 41288 | 40593 | 40343 | 203948 | 161460 |
| *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* | *(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs.<br>(b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.* |

---

FB Financial Corporation 18

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---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands)* | *(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** | **Year Ended** | **Year Ended** |
| **Adjusted efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp;equivalent basis)** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Dec 2025** | **Dec 2024** |
| Total noninterest expense | $107548 | $109856 | $81261 | $79549 | $73174 | $378214 | $296899 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less early retirement and <br> severance costs | 1395 |  |  |  | 463 | 1395 | 1478 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less loss on lease terminations <br> and other branch closure costs | 12 | 270 |  |  |  | 282 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less certain nonrecurring <br> charitable contributions | 1130 |  |  |  |  | 1130 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less merger and integration costs | 4611 | 16057 | 2734 | 401 |  | 23803 |  |
| **Adjusted noninterest expense** | $100400 | $93529 | $78527 | $79148 | $72711 | $351604 | $294921 |
| Net interest income | $149804 | $147240 | $111415 | $107641 | $108381 | $516100 | $416503 |
| Net interest income (tax-equivalent<br>&nbsp;&nbsp;&nbsp;&nbsp;basis) | 150642 | 148088 | 112236 | 108427 | 109004 | 519393 | 419091 |
| Total noninterest income (loss) | 28795 | 26635 | (34552) | 23032 | 21997 | 43910 | 39070 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, <br> net | 64 | 12 | (60549) | 16 |  | (60457) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (131) | (646) | 236 | (625) | (2162) | (1166) | (2167) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 1148 |  |  |  |  | 1148 | 2057 |
| **Adjusted noninterest income** | 27714 | 27269 | 25761 | 23641 | 24159 | 104385 | 95558 |
| Total revenue | $178599 | $173875 | $76863 | $130673 | $130378 | $560010 | $455573 |
| **Adjusted revenue (tax-equivalent<br>&nbsp;&nbsp;&nbsp;&nbsp;basis)** | $178356 | $175357 | $137997 | $132068 | $133163 | $623778 | $514649 |
| Efficiency ratio | 60.2% | 63.2% | 105.7% | 60.9% | 56.1% | 67.5% | 65.2% |
| **Adjusted efficiency ratio (tax-<br>&nbsp;&nbsp;&nbsp;&nbsp;equivalent basis)** | 56.3% | 53.3% | 56.9% | 59.9% | 54.6% | 56.4% | 57.3% |

---

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** | **Year Ended** | **Year Ended** |
| **Banking segment adjusted <br> efficiency ratio (tax-equivalent)** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Dec 2025** | **Dec 2024** |
| Banking segment noninterest <br>&nbsp;&nbsp;&nbsp;&nbsp;expense | $93556 | $96969 | $67330 | $66909 | $61004 | $324764 | $246490 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less early retirement and <br> severance costs | 1395 |  |  |  | 463 | 1395 | 1478 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less loss on lease terminations <br> and other branch closure costs | 12 | 270 |  |  |  | 282 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less certain nonrecurring <br> charitable contributions | 1130 |  |  |  |  | 1130 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Less FDIC special assessment |  |  |  |  |  |  | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less merger and integration costs | 4611 | 16057 | 2734 | 401 |  | 23803 |  |
| **Banking segment adjusted <br> noninterest expense** | $86408 | $80642 | $64596 | $66508 | $60541 | $298154 | $244512 |
| Banking segment net interest income | $146565 | $144859 | $108909 | $105759 | $106793 | $506092 | $410783 |
| Banking segment net interest income<br>&nbsp;&nbsp;&nbsp;&nbsp;(tax-equivalent basis) | 147403 | 145707 | 109730 | 106545 | 107416 | 509385 | 413371 |
| Banking segment noninterest income<br>&nbsp;&nbsp;&nbsp;&nbsp;(loss) | 15207 | 13078 | (47720) | 10660 | 11311 | (8775) | (8376) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less gain (loss) from securities, <br> net | 64 | 12 | (60549) | 16 |  | (60457) | (56378) |
| &nbsp;&nbsp;&nbsp;&nbsp;Less cash life insurance benefit | 1148 |  |  |  |  | 1148 | 2057 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less (loss) gain on sales or<br> write-downs of premises and<br> equipment, other real estate<br> owned and other assets, net | (131) | (646) | 203 | (497) | (2162) | (1071) | (2350) |
| **Banking segment adjusted <br> noninterest income** | 14126 | 13712 | 12626 | 11141 | 13473 | 51605 | 48295 |
| Banking segment total revenue | $161772 | $157937 | $61189 | $116419 | $118104 | $497317 | $402407 |
| **Banking segment total adjusted <br>&nbsp;&nbsp;&nbsp;&nbsp;revenue (tax-equivalent basis)** | $161529 | $159419 | $122356 | $117686 | $120889 | $560990 | $461666 |
| Banking segment efficiency ratio | 57.8% | 61.4% | 110.0% | 57.5% | 51.7% | 65.3% | 61.3% |
| **Banking segment adjusted <br> efficiency ratio (tax-equivalent <br> basis)** | 53.5% | 50.6% | 52.8% | 56.5% | 50.1% | 53.1% | 53.0% |

---

FB Financial Corporation 20

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| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **Unaudited** | **Unaudited** | **Unaudited** | **Unaudited** | **Unaudited** | **Unaudited** | **Unaudited** | **Unaudited** |
| *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* | *(Dollars in Thousands)* |
|  | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
| **Mortgage segment adjusted <br> efficiency ratio (tax-equivalent)** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Dec 2025** | **Dec 2024** |
| Mortgage segment noninterest <br>&nbsp;&nbsp;&nbsp;&nbsp;expense | $13992 | $12887 | $13931 | $12640 | $12170 | $53450 | $50409 |
| **Mortgage segment adjusted <br>&nbsp;&nbsp;&nbsp;&nbsp;noninterest expense** | $13992 | $12887 | $13931 | $12640 | $12170 | $53450 | $50409 |
| Mortgage segment net interest <br>&nbsp;&nbsp;&nbsp;&nbsp;income | $3239 | $2381 | $2506 | $1882 | $1588 | $10008 | $5720 |
| Mortgage segment noninterest <br>&nbsp;&nbsp;&nbsp;&nbsp;income | 13588 | 13557 | 13168 | 12372 | 10686 | 52685 | 47446 |
| &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) |  | (95) | 183 |
| **Mortgage segment adjusted<br>&nbsp;&nbsp;&nbsp;&nbsp; noninterest income** | 13588 | 13557 | 13135 | 12500 | 10686 | 52780 | 47263 |
| Mortgage segment total revenue | $16827 | $15938 | $15674 | $14254 | $12274 | $62693 | $53166 |
| **Mortgage segment adjusted total <br> revenue** | $16827 | $15938 | $15641 | $14382 | $12274 | $62788 | $52983 |
| Mortgage segment efficiency ratio | 83.2% | 80.9% | 88.9% | 88.7% | 99.2% | 85.3% | 94.8% |
| **Mortgage segment adjusted <br> efficiency ratio (tax-equivalent <br> basis)** | 83.2% | 80.9% | 89.1% | 87.9% | 99.2% | 85.1% | 95.1% |

---

FB Financial Corporation 21

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---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** | **Non-GAAP Reconciliations (continued)** |
| **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** | **(Unaudited)** |
| *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* | *(Dollars in Thousands, Except Share Data)* |
|  | **As of** | **As of** | **As of** | **As of** | **As of** |
| **Tangible assets, common equity and related<br>&nbsp;&nbsp;&nbsp;&nbsp; measures** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** |
| **Tangible assets** |  |  |  |  |  |
| Total assets | $16300292 | $16236459 | $13354238 | $13136449 | $13157482 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less goodwill | 350353 | 350353 | 242561 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less intangibles, net | 31284 | 33216 | 4475 | 5106 | 5762 |
| **Tangible assets** | $15918655 | $15852890 | $13107202 | $12888782 | $12909159 |
| **Tangible common equity** |  |  |  |  |  |
| Total common shareholders' equity | $1948165 | $1978043 | $1611130 | $1601962 | $1567538 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less goodwill | 350353 | 350353 | 242561 | 242561 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less intangibles, net | 31284 | 33216 | 4475 | 5106 | 5762 |
| **Tangible common equity** | $1566528 | $1594474 | $1364094 | $1354295 | $1319215 |
| Common shares outstanding | 51752401 | 53456522 | 45807689 | 46514547 | 46663120 |
| Book value per common share | $37.64 | $37.00 | $35.17 | $34.44 | $33.59 |
| **Tangible book value per common share** | $30.27 | $29.83 | $29.78 | $29.12 | $28.27 |
| Total common shareholders' equity to total assets | 12.0% | 12.2% | 12.1% | 12.2% | 11.9% |
| **Tangible common equity to tangible assets** | 9.84% | 10.1% | 10.4% | 10.5% | 10.2% |
| **On-balance sheet liquidity:** |  |  |  |  |  |
| Cash and cash equivalents | $1155895 | $1280033 | $1165729 | $794706 | $1042488 |
| Unpledged securities | 649000 | 608716 | 547354 | 703117 | 600965 |
| Equity securities, at fair value | 155 | 1450 |  |  |  |
| Total on-balance sheet liquidity | $1805050 | $1890199 | $1713083 | $1497823 | $1643453 |
| On-balance sheet liquidity as a percentage of total<br>&nbsp;&nbsp;&nbsp;&nbsp; assets | 11.1% | 11.6% | 12.8% | 11.4% | 12.5% |
| **On-balance sheet liquidity as a percentage of total<br>&nbsp;&nbsp;&nbsp;&nbsp; tangible assets** | 11.3% | 11.9% | 13.1% | 11.6% | 12.7% |

---

FB Financial Corporation 22

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **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** | **Year Ended** | **Year Ended** |
| **Adjusted return on average<br>&nbsp;&nbsp;&nbsp;&nbsp;tangible common equity and<br>&nbsp;&nbsp;&nbsp;&nbsp;related measures** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Dec 2025** | **Dec 2024** |
| Average common shareholders' <br>&nbsp;&nbsp;&nbsp;&nbsp; equity | $1956633 | $1977785 | $1583099 | $1583958 | $1564503 | $1776945 | $1505739 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less average goodwill | 350353 | 350355 | 242561 | 242561 | 242561 | 296901 | 242561 |
| &nbsp;&nbsp;&nbsp;&nbsp;Less average intangibles, net | 32301 | 34983 | 4791 | 5426 | 6107 | 19492 | 7177 |
| **Average tangible common equity** | $1573979 | $1592447 | $1335747 | $1335971 | $1315835 | $1460552 | $1256001 |
| Net income | $56977 | $23375 | $2909 | $39361 | $37886 | $122622 | $116035 |
| Return on average common equity | 11.6% | 4.69% | 0.74% | 10.1% | 9.63% | 6.90% | 7.71% |
| **Return on average tangible <br>&nbsp;&nbsp;&nbsp;&nbsp; common equity** | 14.4% | 5.82% | 0.87% | 11.9% | 11.5% | 8.40% | 9.24% |
| Adjusted tangible net income | $62923 | $59144 | $41288 | $40593 | $40343 | $203948 | $161460 |
| **Adjusted return on average tangible common equity** | 15.9% | 14.7% | 12.4% | 12.3% | 12.2% | 14.0% | 12.9% |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Three Months Ended** | **Year Ended** | **Year Ended** |
|<br>**Adjusted return on average assets, common equity and related measures** | **Dec 2025** | **Sep 2025** | **Jun 2025** | **Mar 2025** | **Dec 2024** | **Dec 2025** | **Dec 2024** |
| Net income | $56977 | $23375 | $2909 | $39361 | $37886 | $122622 | $116035 |
| Average assets | 16151195 | 16007788 | 13032490 | 13206969 | 13194195 | 14611535 | 12725748 |
| Average common equity | 1956633 | 1977785 | 1583099 | 1583958 | 1564503 | 1776945 | 1505739 |
| Return on average assets | 1.40% | 0.58% | 0.09% | 1.21% | 1.14% | 0.84% | 0.91% |
| Return on average common equity | 11.6% | 4.69% | 0.74% | 10.1% | 9.63% | 6.90% | 7.71% |
| Adjusted net income | $61494 | $57606 | $40821 | $40108 | $39835 | $200029 | $159281 |
| **Adjusted return on average assets** | 1.51% | 1.43% | 1.26% | 1.23% | 1.20% | 1.37% | 1.25% |
| **Adjusted return on average <br>&nbsp;&nbsp;&nbsp;&nbsp;common equity** | 12.5% | 11.6% | 10.3% | 10.3% | 10.1% | 11.3% | 10.6% |
| Adjusted pre-tax pre-provision net <br> income | $77118 | $80980 | $58649 | $52134 | $59829 | $268881 | $217140 |
| **Adjusted pre-tax pre-provision<br>&nbsp;&nbsp;&nbsp;&nbsp; return on average assets** | 1.89% | 2.01% | 1.81% | 1.60% | 1.80% | 1.84% | 1.71% |

---

FB Financial Corporation 23

## Exhibit 99.3

![](a4q25fbkearningspresenta001.jpg)

January 22, 2026 2025 Fourth Quarter Earnings Presentation

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![](a4q25fbkearningspresenta002.jpg)

1 Forward–looking statements Certain statements contained in this Presentation that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company's future plans, results, strategies, and expectations, including expectations around changing economic markets. These statements can generally be identified by the use of the words and phrases "may," "will," "should," "could," "would," "goal," "plan," "potential," "estimate," "project," "believe," "intend," "anticipate," "expect," "target," "aim," "predict," "continue," "seek," and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management's current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company's control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward- looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on the Company's business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of the Company's loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) the Company's ability to identify potential candidates for, consummate, and achieve synergies from acquisitions, including risks that cost savings and other synergies from completed or future mergers may not be realized (or may be less than or delayed from expectations), challenges in integrating acquired businesses, disruptions to customer, employee, or other relationships, diversion of management attention, and the ability to effectively manage larger or more complex operations post- transaction; (7) the Company's ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss, (8) the Company's ability to successfully execute its various business strategies, (9) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (10) the effectiveness of the Company's controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (11) the Company's dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (12) the impact, extent and timing of technological changes, (13) concentrations of credit or deposit exposure, (14) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (15) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (16) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward- looking statements contained herein can be found in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 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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![](a4q25fbkearningspresenta003.jpg)

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

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![](a4q25fbkearningspresenta004.jpg)

3 2025 Full Year Summary 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. Key highlights Reported Adjusted1 Diluted earnings per common share $2.45 $3.99 Pre-Tax Pre-Provision Net Revenue (PPNR) ($mm) $181.8 $268.9 Net interest margin (tax-equivalent basis) 3.81% 3.81% Efficiency Ratio 67.5% 56.4% Return on average assets 0.84% 1.37% Return on average tangible common equity1 8.40% 14.0% 2025 2024 Change Revenue $560.0 $455.6 +$104.4 / +23% $181.8 $158.7 +$23.1 / +15% Net Income $122.6 $116.0 +$6.6 / +6% PPNR Loans HFI $12.4 $9.6 +$2.8 / +29% Deposits $13.9 $11.2 +$2.7 / +24% $ in millions $ in billions

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![](a4q25fbkearningspresenta005.jpg)

4 4Q 2025 Results 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. Key highlights Earnings • Net income of $57.0 million or $61.5 million (adjusted) • 3 bps net interest margin ("NIM") expansion to 3.98% • Strong returns on a reported & adjusted basis – • ROATCE of 14.4% or 15.9% (adjusted) • PPNR ROAA of 1.75% or 1.89% (adjusted) Balance Sheet • Loans HFI balances up ~3% annualized • Deposit balances up ~3% annualized • Full year growth on the balance sheet driven by acquisition of Southern States Bancshares Inc. ("SSBK") Credit • Stable reserve levels with ACL coverage ratio of 1.50% • Minimal net charge-offs at annualized rate of 0.05% • Nonperforming asset ratios up slightly QoQ Capital • Stock buyback transaction repurchasing ~3% of the company's outstanding shares • Capital position remains strong – • Tangible Common Equity to Tangible Assets of 9.84% • CET 1 Ratio 11.4% and Total Risk-Based Capital 13.2% (preliminary) Reported Adjusted1 Diluted earnings per common share $1.07 $1.16 Pre-Tax Pre-Provision Net Revenue ($mm) $71.1 $77.1 Net interest margin (tax-equivalent basis) 3.98% 3.98% Efficiency Ratio 60.2% 56.3% Return on average assets 1.40% 1.51% Return on average tangible common equity1 14.4% 15.9%

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![](a4q25fbkearningspresenta006.jpg)

5 4Q 2025 Earnings Quarter ended $ Change from $ in thousands, except per share data 4Q25 3Q25 4Q24 3Q25 4Q24 Total Revenue 178,599 173,875 130,378 4,724 48,221 Provision for credit losses 1,232 34,417 7,084 (33,185) (5,852) Noninterest Expense 107,548 109,856 73,174 (2,308) 34,374 Pre-tax income 69,819 29,602 50,120 40,217 19,699 Income tax expense 12,834 6,227 12,226 6,607 608 Noncontrolling Interest 8 - 8 8 - Net income 56,977 23,375 37,886 33,602 19,091 Total non-gaap adjustments1 4,517 34,231 1,949 (29,714) 2,568 Adjusted net income2 61,494 57,606 39,835 3,888 21,659 Diluted earnings per share $1.07 $0.43 $0.81 $0.64 $0.26 Adjusted diluted earnings per share2 $1.16 $1.07 $0.85 $0.09 $0.31 Non-GAAP Reconciliation $ in thousands 4Q25 Income before income taxes 69,819 Plus merger and integration costs 4,611 Plus early retirement and severance costs 1,395 Plus certain nonrecurring charitable contributions 1,130 Less cash life insurance benefit 1,148 Plus other items, net 79 Less income tax expense, adj for items above 14,392 Adjusted Net Income2 61,494 Net Income 56,977 Total non-gaap adjustments1 4,517 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. • Higher revenue driven by improvements of $2.6 million in net interest income (NII) and $2.1 million in noninterest income • Modest provision expense in Q4 at ~$1.2 million • Q3 provision includes the day one expense for acquired Non-PCD loans & unfunded commitments • Lower Merger and Integration costs in Q4 drive the reported decrease in noninterest expense ("NIE") • On an adjusted basis, NIE up $6.9 million vs the prior quarter driven by performance-based compensation costs and increased franchise tax expense

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![](a4q25fbkearningspresenta007.jpg)

6 Driving shareholder value ¹ Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 2 4Q25 calculation is preliminary and subject to change. $2.64 $2.57 $2.48 $2.45 $2.92 $3.01 $3.40 $3.99 2022 2023 2024 2025 Earnings per share Adjusted earnings per share Earnings per Share $14 $14 $20 $22 $25 $27 $30 $28 $31 $34 $38 $12 $12 $15 $17 $19 $22 $25 $23 $26 $28 $30 3Q16 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 BVPS TBVPS 15.2% 15.2% 14.7% 13.6% 13.2% 4Q24 1Q25 2Q25 3Q25 4Q25 0.87% 0.79% 0.97% 0.94% 0.97% 4Q24 1Q25 2Q25 3Q25 4Q25 $59.8 $52.1 $58.6 $81.0 $77.1 4Q24 1Q25 2Q25 3Q25 4Q25 Book Value per Share Total RBC Ratio2 NPLs / Total Loans HFIAdjusted ROATCE1Adjusted PPNR1 (in millions) 1 1 $1,319 $1,354 $1,364 $1,594 $1,567 12.2% 12.3% 12.4% 14.7% 15.9% 4Q24 1Q25 2Q25 3Q25 4Q25 Tangible Common Equity Adj ROATCE11

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![](a4q25fbkearningspresenta008.jpg)

7 Net Interest Margin $109.0 $108.4 $112.2 $148.1 $150.6 3.50% 3.55% 3.68% 3.95% 3.98% 4Q24 1Q25 2Q25 3Q25 4Q25 FTE NII / NIM Trend ($ millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 3Q25 Net Interest Income 148,088 Impact of loan & deposit rate changes (132) Impact of loan volume changes 3,131 Impact of deposit volume changes 648 Impact of borrowings changes 1,462 Impact of change in cash (2,079) Impact of all other changes (476) 4Q25 Net Interest Income 150,642 • Net interest income spurred higher by increased loan balances and first full-quarter impact of 3Q sub-debt & TruPS payoff • Lower rate environment drove interest income down on loans and cash, partially offset by cost of funds management on deposits • Accretion on purchased loans contributed ~$6.4 million or 17 bps to NIM in 4Q

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![](a4q25fbkearningspresenta009.jpg)

8 Noninterest Income & Expense $73.1 $109.9 $107.6 56.1% 63.2% 60.2% 4Q24 3Q25 4Q25 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $72.7 $93.5 $100.4 54.6% 53.3% 56.3% 4Q24 3Q25 4Q25 Adj. Noninterest Expense ($ millions) Adj. Noninterest Expense Adj. Efficiency Ratio $22.0 $26.6 $28.8 $24.2 $27.3 $27.7 4Q24 3Q25 4Q25 Noninterest Income ($ millions) Noninterest Income Adj. Noninterest Income Highlights 1 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 1 1 1 Noninterest income: • QoQ Noninterest income benefited from – ~$1.1 million BOLI death benefit gain in Q4 ~$515k reduction in Other asset write-offs ~$400k increase in Swap fee income ~$245k increase in Investment services & trust income Noninterest expense: • Lower merger & integration costs in the period drove the decline in NIE • Adj. NIE impacted by – • Higher performance-based compensation costs of ~$3 million • Increased franchise tax expense of ~$1.2 million • Other seasonally higher accruals and vendor costs at year-end

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![](a4q25fbkearningspresenta010.jpg)

9 Loans HFI $9.60 $9.77 $9.87 $12.30 $12.38 6.51% 6.41% 6.44% 6.75% 6.64% 4Q 24 1Q 25 2Q25 3Q25 4Q25 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 15% 1-4 family HELOC 6% Multifamily 6% C&D 10% CRE 23% C&I 35% Other 5% Portfolio Mix $12.4 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 • Ending Loans HFI balances up $86 million and average balances up $180 million QoQ • Growth categories included – C&I, CRE, Residential Real Estate, and Consumer & Other • Larger payoff activity was concentrated in the C&I and CRE categories in Q4 • Lower yield driven by the decrease in benchmark interest rates which impacted variable rate loan repricing during the quarter • Loans HFI portfolio is split ~52% variable & ~48% fixed

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![](a4q25fbkearningspresenta011.jpg)

10 Office 18% Retail 20% Hotel 17% Warehouse/Industrial 19% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 6% Other 9% Residential Development 36% Commercial 39% Consumer 17% Multifamily 8% Construction 27% Land 6% Lots 3% Diversified loan portfolio CRE2 exposure by type Note: Data as of December 31, 2025. 1 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 311 350 661 15% Manufacturing 241 244 485 11% Retail trade 93 308 401 9% Other services (except public administration) 74 256 330 8% Wholesale trade 183 136 319 7% Finance and insurance 295 19 314 7% Health care and social assistance 55 227 282 6% Construction 157 96 253 6% Accommodation and food services 76 149 225 5% Information 184 13 197 5% Professional, scientific and technical services 133 63 196 5% Transportation and warehousing 86 90 176 4% Administrative and support and waste management and remediation services 76 35 111 3% Arts, entertainment and recreation 47 44 91 2% Other 171 119 290 7% Total $2,182 $2,149 $4,331 100% Land 23% Office 3% Other 13% Construction 14% Land 3%

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![](a4q25fbkearningspresenta012.jpg)

11 Nashville 42% Memphis 8%Knoxville 3% Huntsville 6% Birmingham 12% Chattanooga 1% Other 9% Communities 19% Class A 26% Class B 42% Class C 11% Under $2 Million 21% Office exposure • Office loans as of 4Q25 – • Represent ~4% of total Loans HFI population • 99% of portfolio is pass rated and current • 19% of portfolio matures by year-end 2026 • 55% fixed rate & 45% floating rate • Continuous monitoring of office loans greater than $2 million shows minimal concerns • Projects generally characterized by 25-30% cash equity requirement, loan to value maximums of 70%-75% at origination, and requests for guarantors Geographic exposure Note: Data as of December 31, 2025. Data is only non-owner occupied CRE & C&D loans. Data excludes medical office buildings. Credit detail by class Class Outstanding ($mm) Avg. Balance ($mm) Wtd. Avg. LTV Wtd. Avg Occupancy Class A > $2 million $143.3 $9.6 49.7% 94.5% Class B > $2 million 234.6 5.7 63.7% 79.9% Class C > $2 million 64.3 5.8 64.1% 83.9% Total > $2 million $442.2 $6.6 59.2% 85.3% Total < $2 million 119.4 0.6 N/A N/A Total Office $561.6 $2.0 N/A N/A Exposure by class

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![](a4q25fbkearningspresenta013.jpg)

12 Valuable deposit base Cost of deposits 18.9% 19.3% 19.2% 19.5% 18.9% 2.70% 2.54% 2.48% 2.53% 2.40% 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% 4Q24 1Q25 2Q25 3Q25 4Q25 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by customer segment ($billions) • Deposit growth during the period driven by an increase in core customer deposit balances • Partially offsetting were declines in non-core deposit categories, coupled with a seasonal decline in mortgage escrow balances • Cost of funds improvement driven by deposit repricing, spurred by the decline in benchmark interest rates Highlights Noninterest -bearing checking 19% Interest- bearing checking 19% Money market & savings 43% Time 19% 38% Checking accounts 4Q25 Deposit composition $4.9 $4.9 $4.8 $6.0 $6.1 $4.8 $4.7 $4.8 $6.0 $6.2 $1.6 $1.6 $1.8 $1.8 $1.7 $11.3 $11.2 $11.4 $13.8 $14.0 4Q24 1Q25 2Q25 3Q25 4Q25 Consumer Commercial Public Total

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![](a4q25fbkearningspresenta014.jpg)

13 Asset Quality Metrics 0.69% 0.63% 0.76% 0.76% 0.80% 0.24% 0.21% 0.16% 0.13% 0.17% 0.93% 0.84% 0.92% 0.89% 0.97% 4Q24 1Q25 2Q25 3Q25 4Q25 Nonperforming Assets / Total Assets Other NPAs Optional GNMA repurchase • Modest provision expense in the quarter supported by low charge-offs and minimal change in modelled reserves • Nonperforming assets up 8 bps in the quarter due to – • Increase in past due balances in lower quartile consumer portfolios • Increase in balance of GNMA sold loans with optional repurchase right (accounted for as on-balance sheet) $152 $151 $149 $185 $186 1.58% 1.54% 1.51% 1.50% 1.50% 4Q24 1Q25 2Q25 3Q25 4Q25 Allowance for Credit Losses & Coverage Ratio ($ millions) ACL ACL Coverage Ratio 1Q3 provision expense includes the impact of day one provision for non-PCD acquired loans and unfunded commitments. 2Includes other real estate owned and repossessed assets–see page 13 of the Fourth Quarter 2025 Financial Supplement. Highlights 2 $7,084 $2,292 $5,337 $34,417 $1,232 0.47% 0.14% 0.02% 0.05% 0.05% 4Q24 1Q25 2Q25 3Q25 4Q25 Provision for Credit Losses & Net Charge Offs ($ thousands) Provision for Credit Losses NCO Ratio (ann.) 1

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![](a4q25fbkearningspresenta015.jpg)

14 1.58% 0.99% 1.22% 0.88% 2.91% 1.61% 1.57% 1.82% 3.90% 1.50% 1.21% 1.18% 0.96% 2.33% 1.60% 1.78% 1.48% 3.35% 1.50% 1.11% 1.25% 1.01% 2.16% 1.64% 1.81% 1.43% 3.49% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC Consumer & Other 4Q24 3Q25 4Q25 Allowance Modeling & Reserve Allocation ACL on loans HFI / Loans HFI by category • 4Q economic conditions supported the use of the base case modelling scenario • Forecast inputs were mixed quarter to quarter – • Slight improvements in the CRE Price and National Housing Price indices • Unemployment and prime rate forecasts were slightly deteriorated • 1.50% ACL coverage ratio at period end Key forecast inputs1 1Q26 2Q26 3Q26 4Q26 National Unemployment Rate 4.4 4.6 4.7 4.8 CRE Price Index 1.3 1.4 1.5 1.6 National Housing Price Index 2.88 (0.05) (0.89) (0.05) Prime Rate 6.0 5.8 5.8 5.4 1 Source: Moody's "November 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, November 2025.

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![](a4q25fbkearningspresenta016.jpg)

15 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 86% Subordinated Notes 5% Tier 2 ACL 9% Total regulatory capital: $1,888 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein. 2 4Q25 calculation is preliminary and subject to change. 3 Includes capacity from internal policy and does not include loans held at the REIT that could be pledged for additional capacity. On-balance sheet liquidity ($mm) $1,644 $1,498 $1,713 $1,890 $1,805 12.7% 11.6% 13.1% 11.9% 11.3% 4Q24 1Q25 2Q25 3Q25 4Q25 On-balance sheet liquidity On-balance sheet liquidity / tangible assets Capital Position 4Q24 3Q25 4Q25 Shareholder's Equity/Assets 11.9% 12.2% 12.0% TCE/TA1 10.2% 10.1% 9.84% Common Equity Tier 12 12.8% 11.7% 11.4% Tier 1 Risk-Based2 13.1% 11.7% 11.4% Total Risk-Based2 15.2% 13.6% 13.2% AOCI Adjusted Ratios:1,2 Adj. Common Equity Tier 1 11.2% Adj. Total Risk-Based 13.1% 1 • Capital and liquidity levels remain strong and well-above required regulatory thresholds • Repurchased ~3% of outstanding shares through an $88 million share repurchase transaction with the Company's largest shareholder • Securities portfolio makes up 9% of total assets and does not include any HTM securities • 4Q25 available sources of liquidity – • $1.8 billion on-balance sheet • $9.0 billion total other sources3

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![](a4q25fbkearningspresenta017.jpg)

16 Mortgage results • Mortgage segment pre-tax net contribution of $2.4 million • Segment net interest income up $858 thousand due to widening spread on fixed rate portfolio vs funding rate • Mortgage banking income relatively flat with higher loan sale volumes offset by valuation adjustments on mortgage loans held for sale • Higher expenses driven by higher performance-based compensation costs in the period 2.71% 2.51% 2.86% 2.69% 2.97% 4Q24 1Q25 2Q25 3Q25 4Q25 Interest rate lock commitment volume ($mm) Mortgage gain on sale margin $258 $329 $402 $272 $279 $58 $53 $55 $72 $107 $316 $382 $457 $344 $386 4Q24 1Q25 2Q25 3Q25 4Q25 Purchase Refinance Highlights Mortgage Banking Segment ($ thousands) 4Q24 3Q25 4Q25 Total Revenue $12,274 $15,938 $16,827 Provision for loan losses (49) 347 436 Noninterest expense 12,170 12,887 13,992 Pre-tax net contribution after allocations 153 2,704 2,399 Total Assets 603,047 637,830 676,330 Efficiency Ratio 99.2% 80.9% 83.2% Core Efficiency Ratio1 99.2% 80.9% 83.2% 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures" and Non-GAAP reconciliations herein.

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![](a4q25fbkearningspresenta018.jpg)

17 Appendix

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![](a4q25fbkearningspresenta019.jpg)

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

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![](a4q25fbkearningspresenta020.jpg)

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

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![](a4q25fbkearningspresenta021.jpg)

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

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![](a4q25fbkearningspresenta022.jpg)

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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![](a4q25fbkearningspresenta024.jpg)

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 Adjusted efficiency ratio (tax-equivalent basis)

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

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

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![](a4q25fbkearningspresenta029.jpg)

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

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![](a4q25fbkearningspresenta030.jpg)

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

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![](a4q25fbkearningspresenta031.jpg)

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

------

![](a4q25fbkearningspresenta032.jpg)

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

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![](a4q25fbkearningspresenta033.jpg)

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

------

![](a4q25fbkearningspresenta034.jpg)

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

------

![](a4q25fbkearningspresenta035.jpg)

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

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