NASHVILLE, Tenn. (AP) _ FB Financial Corp. (FBK) on Monday reported second-quarter earnings of $22.9 million.
The Nashville, Tennessee-based bank said it had earnings of 70 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 74 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The bank holding company posted revenue of $147.1 million in the period. Its revenue net of interest expense was $136.8 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $97.9 million.
FB Financial shares have dropped 43% since the beginning of the year. In the final minutes of trading on Monday, shares hit $22.75, a fall of 38% in the last 12 months.