Fb Financial Corp (FBK) said after close Monday that it earned $0.71 per share in quarter three 2023. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods.
On the revenue line, the company reported $109 million, missing estimates by $13.9 million.
In the same quarter a year ago, the company earned $0.68 per share on revenue of $134 million.
The stock is up 1.81% to $28.70 after the report.
Despite Fb Financial Corp reporting a decline in revenues, earnings increased signaling a rise in profit margins.
Wall Street Analysts had an average rating of Hold on the stock prior to the report.
InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.
Fb Financial Corp has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 24, putting Fb Financial Corp in the bottom 25% of stocks. The firm set a 52-week low on May 4, 2023 at $24.34 and set a 52-week high on November 11, 2022 at $44.11.
FB Financial Corp is a bank holding company. The company through its wholly-owned bank subsidiary provides commercial and consumer banking services to clients in select markets in Tennessee, North Alabama, and North Georgia. It generates revenue from the Banking segment which provides a full range of deposit and lending products and services to corporate, commercial and consumer customers. Additionally, the Mortgage segment includes the servicing of residential mortgage loans and the packaging and securitization of loans to governmental agencies.
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Fb Financial Corp Up 1.81% To $28.70 After Earnings Beat
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