FB Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• FB Financial Corp FBK reported quarterly adjusted earnings of 88 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 84 cents. The mean expectation of six analysts for the quarter was for earnings of 88 cents per share. Wall Street expected results to range from 84 cents to 92 cents per share.

• Revenue fell 40.1% to $76.86 million from a year ago; analysts expected $136.46 million.

• FB Financial Corp's reported EPS for the quarter was 6 cents​.

• The company reported quarterly net income of $2.91 million.

• FB Financial Corp shares had risen by 6.4% this quarter and lost 6.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for FB Financial Corp is $58.00, about 16.9% above its last closing price of $48.22

This summary was machine generated from LSEG data July 14 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)