Sneak Preview of FB Financial Corporation (FBK) 2Q20 Earnings

FB Financial Corporation (NYSE:FBK) is expected to report second quarter earnings results, after market close, on Monday 20th July 2020.

Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.48 per share.

Looking ahead, the full year income are expected at $ 1.60 per share on the revenues of $ 463.19 million.

Previous Quarter Performance

FB Financial Corporation unveiled income for the first quarter of $ 0.17 per share, from the revenue of $ 99.70 million. The quarterly earnings declined 74.24 percent while revenues elevated 24.81 percent compared with the same quarter last year.
According to street consensus, FBK was expected to report 1Q20 income of $ 0.55 per share from revenue of $ 91.16 million. The bottom line results missed street analysts by $ 0.38 or 69.09 percent, at the same time, top line results outshined analysts by $ 8.54 million or 9.37 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of FB Financial Corporation

Stock Performance

According to the previous trading day, closing price of FBK was $ 23.60, representing a 64.12 % increase from the 52 week low of $ 14.38 and a 41.48 % decrease over the 52 week high of $ 40.33.

The company has a market capital of $ 757.13 million and is part of the Financial Services sector and Banks – Regional – US industry.

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Recent Stock Dividend Announcement

The board of directors has authorized quarterly dividend of $ 0.09 per share on April 30, 2020. The dividend were payable on May 26, 2020 to holders of record as of the close of business on May 11, 2020 and ex-dividend date on May 8, 2020.

FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services businesses, professionals, and individuals. The company operates in two segments, Banking and Mortgage. It provides demand, negotiable order of withdrawal, money market, certificates of deposit, and municipal and savings accounts, as well as time deposits.

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