FB Financial Corp reports results for the quarter ended in March - Earnings Summary

FB Financial

15/04/2024 22:37

* FB Financial Corp  FBK.N  reported quarterly adjusted
earnings
of 85 cents​​ per share for the quarter ended in March, higher
than the same quarter last year, when the company reported EPS
of 78 cents.  The mean expectation of seven analysts for the
quarter was for earnings of 70 cents per share. Wall Street
expected results to range from 68 cents to 73 cents per share.
    * Revenue fell 15.5% to $107.45 million from a year ago;
analysts
expected $120.21 million. 
    * FB Financial Corp's reported EPS for the quarter was 59
cents​.
    * The company reported quarterly net income of $27.95
million.
    * FB Financial Corp shares had fallen by 8.4% this
quarter and
lost 13.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 5
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for FB Financial Corp
is $40.00 
This summary was machine generated from LSEG data April 15 at
09:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.70           0.85           Beat
 Dec. 31 2023      0.70           0.77           Beat
 Sep. 30 2023      0.69           0.41           Missed
 Jun. 30 2023      0.65           0.75           Beat