On January 22, 2026, Piper Sandler raised its 12-month target for FB Financial Corporation to $65, implying an upside of roughly 7%. The firm cited FBK’s disciplined credit underwriting and faster loan growth in its Southeast markets as key drivers for its outlook. Piper Sandler analysts highlighted the company’s stable net interest margin, which outperformed peer averages by 20 basis points in the third quarter, and projected mid‐single‐digit annual earnings growth through 2027. The note also referenced FBK’s conservative capital management, maintaining a tier 1 leverage ratio above 9%, and its track record of deploying excess capital into share repurchases and strategic branch expansions across Tennessee and Alabama.

FB Financial Corporation’s board declared a quarterly cash dividend of $0.21 per share, up $0.02 from the prior payout, marking an 11% increase and the 32nd consecutive quarterly raise. The dividend is payable on February 24, 2026, to shareholders of record as of February 10. CEO Christopher T. Holmes attributed the hike to strong operating performance, noting that FBK generated a 10% year-over-year rise in non-interest income during Q4 2025 and maintained its efficiency ratio below 55%. With approximately $16.3 billion in total assets and a network of 90 full-service branches, the company reinforced its commitment to returning capital through a sustainably growing distribution.

During the Q4 2025 earnings call, management reported total loans up 8% year-over-year, driven by commercial real estate and small business segments in Georgia and Kentucky. Net interest income increased by 12% compared with the prior year quarter, supported by a 15% growth in average earning assets. The company’s provision for credit losses remained flat sequentially, reflecting stable asset quality metrics and a nonperforming asset ratio below 0.5%. Executives emphasized ongoing investments in digital banking capabilities, including a new mobile deposit feature rolled out across all markets, and reiterated guidance for mid‐single‐digit return on tangible common equity in 2026.