FB Financial Corp Reports Stronger Q4 Earnings

FB Financial Corp reported a 12% increase in fourth-quarter net income to $42.3 million, or $1.82 per share, compared to $37.8 million, or $1.59 per share, in the year-ago period. The results exceeded analyst expectations of $1.75 per share. The Chicago-based bank said total revenue rose 8% to $145.6 million from $134.8 million. Loans grew 5% annually to $2.1 billion, while deposits increased 4% to $2.8 billion. The company's return on equity improved to 14.2% from 12.8% in the prior year. FB Financial shares were trading up 2.3% in early trading.