FB Financial Corp (NYSE:FBK) stock fell 2.58% (As on October 15, 11:34:00 AM UTC-4, Source: Google Finance) though the company demonstrated strong performance in Q3 2025, highlighted by significant growth in net interest income and an expanded net interest margin. Adjusted net income was $57.6 million. The Company reported adjusted pre-tax, pre-provision net revenue of $81.0 million for the third quarter of 2025, reflecting increases of 38.1% and 50.6% from $58.6 million and $53.8 million in the previous quarter and third quarter of last year, respectively. The Company ended the third quarter of 2025 with loans held for investment (“HFI”) of $12.30 billion compared to $9.87 billion at the end of the previous quarter and $9.48 billion at the end of the third quarter of last year. Deposits were $13.81 billion as of September 30, 2025, compared to $11.40 billion as of June 30, 2025, and $10.98 billion as of September 30, 2024. The main driver of the increases in both loans HFI and deposits stemmed from the merger with Southern States Bancshares, Inc. (“Southern States”) which closed on July 1, 2025. Net interest margin (“NIM”) was 3.95% for the third quarter of 2025, compared to 3.68% in the prior quarter and 3.55% in the third quarter of 2024. The Company ended the quarter with book value per common share of $37.00 and tangible book value per common share of $29.83.

Moreover, the Company reported net interest income on a tax-equivalent basis in the third quarter of 2025 of $148.1 million compared to $112.2 million in the prior quarter. Core noninterest income was $27.3 million for the third quarter of 2025, compared to $25.8 million and $24.0 million for the prior quarter and third quarter of 2024, respectively. Mortgage banking income was $13.5 million in the third quarter of 2025, compared to $13.0 million in the prior quarter and $11.6 million in the third quarter of 2024.

FBK in the third quarter of FY25 has reported the adjusted earnings per share of $1.07, beating the analysts’ estimates for the adjusted earnings per share of 96 cents. The company had reported the adjusted revenue of $173.88 million in the third quarter of FY25, beating the analysts’ estimates for revenue of $168.03 million. The Company maintained its strong capital position in the third quarter, resulting in a preliminary total risk-based capital ratio of 13.5%, preliminary common equity tier 1 ratio of 11.7% and tangible common equity to tangible assets ratio of 10.1%.

FB Financial projects a net interest margin of 3.80-3.90% for Q4 2025 and anticipates mid to high single-digit growth in loans and deposits. The company expects continued market disruption to create acquisition opportunities, targeting $3-7 billion asset banks. The guidance for banking expenses in 2026 is set at $325-335 million.