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FB Financial FBK Mortgage banking income

Discontinued — last reported Q3 '23

Segments

By segment

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Mortgage$12.25M-1.4%
Banking$0

Other financials

Income statement

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Revenue$172.3M+31.9%
Net income$57.5M+46.1%
EPS (diluted)$1.10+31.0%

Balance sheet

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Cash & equivalents$1.2B+45.7%
Total debt$273.4M+19.2%
Total equity$2.0B+23.2%
Total assets$16.5B+25.4%

Cash flow

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Operating cash flow$31.0M+288%
CapEx$1.7M+4.9%
Free cash flow$29.3M+262%

Valuation

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Market cap$3.04B+18.7%
Enterprise value$2.16B+33.0%
P/E21.6×-6.8×
P/S5.1×-0.9×

Profitability

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Net margin23.4%-3.2pp
FCF margin32.3%+15.7pp

Returns & leverage

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Return on equity7.9%-0.4pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by FB Financial in its filing.

Tagged under the XBRL concept fbk:FeesAndCommissionsMortgageBankingBeforeAdjustments.

The source filing: FB Financial’s 10-Q, filed November 3, 2023.

Filed
Nov 3, 2023, 11:50 AM EDT
Fiscal quarter
Q3 FY2023
Calendar quarter
Q3 2023
Accession
0001649749-23-000260
Three Months Ended September 30, 2023Banking(2)MortgageConsolidated
Net interest income$100,926$100,926
Provisions for credit losses2,8212,821
Mortgage banking income15,72215,722
Change in fair value of mortgage servicing rights, net of hedging(1)(3,724)(3,724)
Other noninterest income(4,031)75(3,956)
Depreciation and amortization2,5141672,681
Amortization of intangibles889889
Other noninterest expense67,57111,85679,427

Item 1. Consolidated Financial Statements

FAQ

What is FB Financial's mortgage banking income?
FB Financial (FBK) reported mortgage banking income of $15.72M in Q3 2023.
How has FB Financial's mortgage banking income changed year-over-year?
FB Financial's mortgage banking income decreased by 6.0% year-over-year, from $16.73M to $15.72M.

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