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FB Financial: 3Q Earnings Snapshot

NASHVILLE, Tenn. (AP) _ FB Financial Corp. (FBK) on Monday reported third-quarter earnings of $24 million.

The Nashville, Tennessee-based bank said it had earnings of 76 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 77 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The bank holding company posted revenue of $111.4 million in the period. Its revenue net of interest expense was $96.5 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $89.4 million.

FB Financial shares have risen roughly 9% since the beginning of the year. In the final minutes of trading on Monday, shares hit $38.02, a rise of 9% in the last 12 months.


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