Investment Thesis FB Financial Corporation (FBK) is an $11 billion asset bank holding company, headquartered in Nashville, Tennessee. FB Financial the third largest Tennessee based community bank, with 73 full-service bank branches across the state, along with a couple in Kentucky, Alabama and Georgia. The bank serves clients throughout the...
ALG Research on Seeking Alpha | September 14, 2020
NASHVILLE, Tenn.--(BUSINESS WIRE)---- $FBK--FB Financial Corporation (NYSE: FBK) (“FB Financial”), parent company of FirstBank, today announced the completion of FirstBank’s private placement of $100 million of its 4.50% fixed-to-floating rate subordinated notes due 2030 (the “Notes”) to certain qualified institutional buyers and institutional accredited investors (the “Private Placement”). FirstBank intends to use the net proceeds from the Private Placement for general corporate purposes. The Notes hav
NASHVILLE, Tenn.--(BUSINESS WIRE)---- $FBK--FB Financial Corporation (NYSE: FBK) (“FB Financial”), parent company of FirstBank, completed, effective August 15, 2020, its previously announced merger with Franklin Financial Network, Inc., parent company of Franklin Synergy Bank (collectively referred to as “Franklin”). FirstBank, the third-largest Tennessee-headquartered bank, now has approximately $11.0 billion in assets, $7.6 billion in loans held for investment and $9.1 billion in deposits on a pro for
NASHVILLE, Tenn.--(BUSINESS WIRE)---- $FBK--FB Financial Corporation (NYSE: FBK) announced today that its board of directors declared a quarterly cash dividend of nine cents ($0.09) per share. The dividend is payable on September 2, 2020 to shareholders of record as of August 19, 2020. Christopher T. Holmes, President and Chief Executive Officer, commented, “We are pleased with the board of directors’ decision to pay our tenth consecutive quarterly dividend. With our pending merger with Franklin Financi