FB Financial (FBK) Reports Q1: Everything You Need To Know Ahead Of Earnings

FBK Cover Image

Regional banking company FB Financial (NYSE: FBK) will be reporting results this Monday after market close. Here’s what investors should know.

FB Financial beat analysts’ revenue expectations last quarter, reporting revenues of $178.4 million, up 33.9% year on year. It was a mixed quarter for the company, with a decent beat of analysts’ revenue estimates but a slight miss of analysts’ tangible book value per share estimates.

Is FB Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting FB Financial’s revenue to grow 33% year on year, improving from the 6.7% increase it recorded in the same quarter last year.

FB Financial Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. FB Financial rarely misses Wall Street’s revenue estimates.

With FB Financial being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, there has been positive investor sentiment in the segment, with share prices up 9.1% on average over the last month. FB Financial is up 7.4% during the same time .

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