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Firstbank

Nashville, TN · Cert 8663 · FB Financial Corp.

State charter, Fed member · FED · 98 branches

Q2 2026

$16.8BAssets
$13.1BLoans
$14.4BDeposits
$2.0BEquity
Loan mix
78%RE $9.8B17%C&I $2.2B4%Consumer $0.6BQ2 2025Q2 2026
Deposit mix
81%Interest-bearing $11.6B19%Noninterest $2.8BQ2 2025Q2 2026

NIM

5.68%Q2 ’245.56%Q2 ’255.62%Q2 ’26+4%+8%

Non-interest income vs. expense

2.39%Q2 ’242.46%Q2 ’252.22%Q2 ’26+5%-4%

Market Position · Nashville-Davidson--Murfreesboro--Franklin, TN · 2026 SOD (annual) · 5.0% share · #6 of 62 inst. · $5.4B of $107.8B

3.9% Davidson
12.6% Williamson
10.0% Rutherford
3.8% Knox

Executive Summary

  • Earnings: ROA of 1.46%, up 134 bps year over year; NIM at 3.76%.
  • Asset quality: problem loans at 1.40% of loans (+23 bps YoY), with net charge-offs at 0.06%.
  • Capital: tier 1 leverage ratio of 10.35%, down 45 bps from a year ago.
  • Funding: loans stand at 90.95% of deposits as of Q2 2026.

Financial Results

Return on Assets (quarter, annualized)

1.46%+134 bps YoY

Net Interest Margin (quarter, annualized)

3.76%+28 bps YoY

Efficiency Ratio (quarter, annualized)

50.35%-734 bps YoY

Tier 1 Leverage Ratio

10.35%-45 bps YoY

Discrete quarter, annualized.

MetricQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets0.12%0.69%1.46%1.46%1.46%+134 bps
Return on Equity1.05%5.73%11.91%11.98%12.23%+1,118 bps
Net Interest Margin3.48%3.82%3.83%3.71%3.76%+28 bps
Efficiency Ratio57.69%60.82%57.93%53.13%50.35%-734 bps
Non-Interest Burden1.65%2.06%1.91%1.66%1.58%-7 bps
Growth
Asset Growth (YoY)6.44%25.56%23.99%25.38%25.79%+1,935 bps
Loan Growth (YoY)6.39%30.10%29.35%28.06%30.39%+2,400 bps
Deposit Growth (YoY)9.13%25.85%23.92%25.50%25.52%+1,639 bps
Asset Quality
Nonperforming Loans / Loans1.17%1.10%1.18%1.19%1.40%+23 bps
Net Charge-Offs / Loans0.02%0.05%0.05%0.11%0.06%+4 bps
Allowance / Loans1.49%1.48%1.48%1.46%1.49%0 bps
Allowance Coverage of NPLs1.3x1.3x1.3x1.2x1.1x-0.2x
Capital
Tier 1 Leverage Ratio10.80%10.78%10.46%10.58%10.35%-45 bps
Total Risk-Based Capital14.22%13.26%12.95%13.06%12.54%-169 bps
Equity / Assets11.80%12.37%12.14%12.17%11.75%-5 bps
Liquidity & Funding
Loans / Deposits87.55%90.09%90.33%90.32%90.95%+340 bps
Liquid Assets / Assets5.03%5.20%4.59%4.86%4.39%-64 bps
CRE / Total Capitaln/a406%417%408%n/an/a