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FB Financial: 3Q Earnings Snapshot

·1 min read

NASHVILLE, Tenn. (AP) _ FB Financial Corp. (FBK) on Monday reported a third-quarter loss of $5.6 million, after reporting a profit in the same period a year earlier.

The Nashville, Tennessee-based bank said it had a loss of 14 cents per share. Earnings, adjusted for non-recurring costs, were $1.46 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share.

The bank holding company posted revenue of $178.2 million in the period. Its revenue net of interest expense was $165.9 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $135.8 million.

FB Financial shares have fallen 23% since the beginning of the year. In the final minutes of trading on Monday, shares hit $30.62, a fall of 19% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBK at https://www.zacks.com/ap/FBK