FB Financial Hikes Dividend 11%; Q4 EPS Beats, NIM Rises to 3.98%
FB Financial Corporation declared a quarterly dividend of $0.21 per share, reflecting an 11% increase and payable February 24 to shareholders of record on February 10. In Q4 2025, FB Financial reported net income of $57.0 million (EPS $1.07), adjusted EPS $1.16, deposits of $13.91 billion and NIM of 3.98%.
1. Board Approves 11% Dividend Increase
FB Financial Corporation’s board of directors declared a regular quarterly cash dividend of $0.21 per share, representing an increase of $0.02 per share, or 11%, over the prior quarter. The dividend, payable on February 24, 2026, will be distributed to shareholders of record as of February 10, 2026. This marks the company’s 32nd consecutive quarterly distribution, underscoring its commitment to returning capital to shareholders through a growing and predictable income stream.
2. Fourth Quarter 2025 Earnings Exceed Prior-Quarter and Year-Ago Levels
In the fourth quarter, FB Financial reported net income of $57.0 million, or $1.07 per diluted common share, up from $23.4 million, or $0.43 per share, in the third quarter and $37.9 million, or $0.81 per share, a year earlier. On an adjusted basis, net income reached $61.5 million, or $1.16 per diluted share, compared with $57.6 million, or $1.07 per share, in the prior quarter and $39.8 million, or $0.85 per share, in Q4 2024. These results were driven by robust net interest income and a favorable noninterest income contribution.
3. Strong Loan and Deposit Growth Fuels Balance Sheet Expansion
Total assets rose to $16.30 billion at December 31, 2025, an increase of 1.6% from the prior quarter and 23.9% year-over-year. Loans held for investment grew to $12.38 billion, fueled by a 29.0% year-over-year increase in core lending categories. Deposits climbed to $13.91 billion, up 2.8% sequentially and 24.1% from a year ago, driven by both interest-bearing and noninterest-bearing inflows. Net interest margin expanded to 3.98%, reflecting disciplined funding cost management and a 13-basis-point reduction in deposit costs.
4. Capital Deployment and Efficiency Metrics Highlight Financial Discipline
During the quarter, the company completed a substantial share repurchase program, delivering meaningful earnings accretion and reinforcing management’s confidence in the franchise. Adjusted efficiency ratio improved to 56.3% as performance-based compensation increased in line with strong financial results. The allowance for credit losses on loans remained steady at 1.50% of loans held for investment, and annualized net charge-offs held at 0.05%, underscoring disciplined risk management and credit quality.