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Fb Financial's Business Segments
Fb Financial's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
4
Largest Segment
Mortgage Banking
Total Revenue
$ 165
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Mortgage Banking14.2%
- Investment Advisory, Management and Administrative Service5.4%
- Deposit Account5.4%
- Debit Card3.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Mortgage Banking | $ 23 | 14.2% |
| Investment Advisory, Management and Administrative Service | $ 9 | 5.4% |
| Deposit Account | $ 9 | 5.4% |
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Annual Results
Revenue Share by Reportable Segment - FY
- Mortgage Banking14.2%
- Investment Advisory, Management and Administrative Service5.4%
- Deposit Account5.4%
- Debit Card3.8%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Mortgage Banking | $ 23 | 14.2% |
| Investment Advisory, Management and Administrative Service | $ 9 | 5.4% |
| Deposit Account | $ 9 | 5.4% |
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Description of Fb Financial
FB Financial Corporation is a bank holding company that provides banking and financial services to clients in Tennessee, North Alabama, and surrounding areas. The company was founded in 2016 and is based in Nashville, Tennessee. It operates through two segments: banking and mortgage, which offer a range of services, including consumer and commercial banking, mortgage lending, wealth management services, and insurance.
The banking segment of FB Financial Corporation provides a full range of commercial and consumer banking services to businesses and individuals. These services include deposit products such as checking and savings accounts, certificates of deposit, and money market accounts, as well as loans such as commercial loans, residential mortgages, and personal loans. The company also offers credit cards, debit cards, online banking, and bill payment services.
The mortgage segment of FB Financial Corporation offers mortgage lending services to homebuyers and homeowners. The company provides a variety of mortgage products, including conventional fixed-rate mortgages, adjustable-rate mortgages, jumbo loans, and government-backed loans such as FHA, VA, and USDA loans. The mortgage segment also offers refinancing services, cash-out refinancing, and home equity loans and lines of credit.
FB Financial Corporation also offers wealth management services through its subsidiary, FB Financial Advisors. The subsidiary provides investment management, financial planning, and other advisory services to high net worth individuals, families, and businesses. Additionally, the company offers insurance products through its subsidiary, Wilson Bank Insurance & Investment Services, including health, life, disability, and long-term care insurance.
FB Financial Corporation is publicly traded on the New York Stock Exchange under the ticker symbol FBK, and as of 2021, it has a market capitalization of approximately $1.3 billion. The company has over 1,500 employees and operates over 80 banking and mortgage locations across Tennessee, North Alabama, and surrounding areas. The company's mission is to provide innovative financial solutions to its clients while remaining committed to its communities, employees, and shareholders.
The banking segment of FB Financial Corporation provides a full range of commercial and consumer banking services to businesses and individuals. These services include deposit products such as checking and savings accounts, certificates of deposit, and money market accounts, as well as loans such as commercial loans, residential mortgages, and personal loans. The company also offers credit cards, debit cards, online banking, and bill payment services.
The mortgage segment of FB Financial Corporation offers mortgage lending services to homebuyers and homeowners. The company provides a variety of mortgage products, including conventional fixed-rate mortgages, adjustable-rate mortgages, jumbo loans, and government-backed loans such as FHA, VA, and USDA loans. The mortgage segment also offers refinancing services, cash-out refinancing, and home equity loans and lines of credit.
FB Financial Corporation also offers wealth management services through its subsidiary, FB Financial Advisors. The subsidiary provides investment management, financial planning, and other advisory services to high net worth individuals, families, and businesses. Additionally, the company offers insurance products through its subsidiary, Wilson Bank Insurance & Investment Services, including health, life, disability, and long-term care insurance.
FB Financial Corporation is publicly traded on the New York Stock Exchange under the ticker symbol FBK, and as of 2021, it has a market capitalization of approximately $1.3 billion. The company has over 1,500 employees and operates over 80 banking and mortgage locations across Tennessee, North Alabama, and surrounding areas. The company's mission is to provide innovative financial solutions to its clients while remaining committed to its communities, employees, and shareholders.
FB Financial Corporation, headquartered in Nashville, Tennessee, operates primarily under the FirstBank brand and offers a diverse range of financial products and services tailored to the needs of its clients, which include individuals, businesses, and institutions. The company’s operations can be segmented into several key areas:
1. Commercial Banking
FirstBank’s commercial banking segment provides a comprehensive array of services aimed at businesses of all sizes. This includes:
- Commercial Loans: Offering various loan options that cater to the unique needs of businesses, such as working capital loans and term loans for expansion and capital expenditures.
- Lines of Credit: Flexible financing solutions to help businesses manage cash flow and unexpected expenses efficiently.
- Treasury Management: Integrated services designed to optimize cash flow and streamline banking operations, including services like ACH payments, fraud protection, and collection services.
- Merchant Services: Solutions that enable businesses to accept payments through various channels, including credit and debit cards, mobile payments, and e-commerce solutions.
- Deposit Services: Providing a range of deposit accounts tailored for businesses, such as business checking and savings accounts that help manage liquidity effectively.
Consumer Banking
FirstBanks consumer banking segment serves individual customers with a variety of banking products, including:
- Personal Loans and Lines of Credit: Options for customers seeking funds for personal use, including unsecured personal loans and revolving lines of credit for financial flexibility.
- Home Equity Loans and Lines of Credit: Loans that allow homeowners to borrow against the equity in their homes for various purposes, from home renovations to debt consolidation.
- Mortgages: Offering a variety of mortgage products for purchasing or refinancing homes, as well as competitive rates and personalized service.
- Checking and Savings Accounts: A selection of accounts designed to meet everyday banking needs, with features such as online banking, mobile deposits, and no monthly maintenance fees.
- Credit Cards: A variety of credit card options with different rewards programs, interest rates, and terms to cater to the diverse spending needs of consumers.
- Online and Mobile Banking Services: Robust digital banking solutions that provide customers with the convenience of banking via desktop and mobile devices, including bill pay, account management, and remote check deposit.
Mortgage Banking
FB Financial Corporation places a significant emphasis on its mortgage banking services, offering a wide range of products that include:
- Residential Mortgage Loans: Various loan options for homebuyers, including fixed-rate, adjustable-rate, and government-backed loans.
- Refinancing Services: Helping current homeowners lower their interest rates or change their loan terms to suit their financial situations better.
- Construction Loans: Financing options tailored for borrowers looking to build new homes or undertake major renovations, providing the necessary funding during the building process.
- Home Equity Loans and Lines of Credit: As previously mentioned, these products allow homeowners to leverage their home equity for significant expenses.
Wealth Management
FirstBank’s wealth management services cater to individuals, families, and businesses with a focus on long-term financial health. These services encompass:
- Financial Planning: Creating personalized financial plans that align with clients’ goals, risk tolerance, and time horizons.
- Investment Management: Offering professional investment services to manage client portfolios and grow wealth through diversified investment strategies.
- Trust and Estate Planning: Services designed to help clients with the management and distribution of their estates, including trust creation and administration.
- Retirement Planning: Tailored strategies to help clients prepare financially for retirement, including retirement accounts and investment advice.
Insurance
FB Financial Corporation provides insurance services through its subsidiary, FB Insurance, LLC. This segment includes:
- Homeowners Insurance: Protection for individuals and families against damages to their homes and personal property.
- Renters Insurance: Coverage for tenants that protects against loss or damage to personal belongings and provides liability protection.
- Auto Insurance: Comprehensive coverage options for vehicles, including liability, collision, and comprehensive insurance.
- Commercial Insurance: Tailored insurance solutions for businesses that safeguard against various risks associated with business operations.
Investment Banking
FirstBanks investment banking segment focuses on serving middle-market companies with critical financial advisory services, which include:
- Merger and Acquisition Advisory: Expert guidance on the buying and selling of companies, including valuations and transaction structuring.
- Capital Raising and Financing: Assisting businesses in securing financing through equity or debt offerings, tailored to meet their growth objectives.
- Strategic Consulting Services: Providing businesses with insights and recommendations on strategic decisions to enhance operational efficiency and drive growth.
Conclusion
In summary, FB Financial Corporation, through its FirstBank brand, offers a comprehensive suite of financial products and services that cater to a diverse clientele, including individuals, small businesses, and middle-market companies. The company’s focus on delivering personalized solutions across commercial banking, consumer banking, mortgage banking, wealth management, insurance, and investment banking services has established it as a key player in the financial services sector. This diversified approach enables FirstBank to address the unique financial needs of its customers effectively, contributing to its growth and success in the industry.
1. Commercial Banking
FirstBank’s commercial banking segment provides a comprehensive array of services aimed at businesses of all sizes. This includes:
- Commercial Loans: Offering various loan options that cater to the unique needs of businesses, such as working capital loans and term loans for expansion and capital expenditures.
- Lines of Credit: Flexible financing solutions to help businesses manage cash flow and unexpected expenses efficiently.
- Treasury Management: Integrated services designed to optimize cash flow and streamline banking operations, including services like ACH payments, fraud protection, and collection services.
- Merchant Services: Solutions that enable businesses to accept payments through various channels, including credit and debit cards, mobile payments, and e-commerce solutions.
- Deposit Services: Providing a range of deposit accounts tailored for businesses, such as business checking and savings accounts that help manage liquidity effectively.
Consumer Banking
FirstBanks consumer banking segment serves individual customers with a variety of banking products, including:
- Personal Loans and Lines of Credit: Options for customers seeking funds for personal use, including unsecured personal loans and revolving lines of credit for financial flexibility.
- Home Equity Loans and Lines of Credit: Loans that allow homeowners to borrow against the equity in their homes for various purposes, from home renovations to debt consolidation.
- Mortgages: Offering a variety of mortgage products for purchasing or refinancing homes, as well as competitive rates and personalized service.
- Checking and Savings Accounts: A selection of accounts designed to meet everyday banking needs, with features such as online banking, mobile deposits, and no monthly maintenance fees.
- Credit Cards: A variety of credit card options with different rewards programs, interest rates, and terms to cater to the diverse spending needs of consumers.
- Online and Mobile Banking Services: Robust digital banking solutions that provide customers with the convenience of banking via desktop and mobile devices, including bill pay, account management, and remote check deposit.
Mortgage Banking
FB Financial Corporation places a significant emphasis on its mortgage banking services, offering a wide range of products that include:
- Residential Mortgage Loans: Various loan options for homebuyers, including fixed-rate, adjustable-rate, and government-backed loans.
- Refinancing Services: Helping current homeowners lower their interest rates or change their loan terms to suit their financial situations better.
- Construction Loans: Financing options tailored for borrowers looking to build new homes or undertake major renovations, providing the necessary funding during the building process.
- Home Equity Loans and Lines of Credit: As previously mentioned, these products allow homeowners to leverage their home equity for significant expenses.
Wealth Management
FirstBank’s wealth management services cater to individuals, families, and businesses with a focus on long-term financial health. These services encompass:
- Financial Planning: Creating personalized financial plans that align with clients’ goals, risk tolerance, and time horizons.
- Investment Management: Offering professional investment services to manage client portfolios and grow wealth through diversified investment strategies.
- Trust and Estate Planning: Services designed to help clients with the management and distribution of their estates, including trust creation and administration.
- Retirement Planning: Tailored strategies to help clients prepare financially for retirement, including retirement accounts and investment advice.
Insurance
FB Financial Corporation provides insurance services through its subsidiary, FB Insurance, LLC. This segment includes:
- Homeowners Insurance: Protection for individuals and families against damages to their homes and personal property.
- Renters Insurance: Coverage for tenants that protects against loss or damage to personal belongings and provides liability protection.
- Auto Insurance: Comprehensive coverage options for vehicles, including liability, collision, and comprehensive insurance.
- Commercial Insurance: Tailored insurance solutions for businesses that safeguard against various risks associated with business operations.
Investment Banking
FirstBanks investment banking segment focuses on serving middle-market companies with critical financial advisory services, which include:
- Merger and Acquisition Advisory: Expert guidance on the buying and selling of companies, including valuations and transaction structuring.
- Capital Raising and Financing: Assisting businesses in securing financing through equity or debt offerings, tailored to meet their growth objectives.
- Strategic Consulting Services: Providing businesses with insights and recommendations on strategic decisions to enhance operational efficiency and drive growth.
Conclusion
In summary, FB Financial Corporation, through its FirstBank brand, offers a comprehensive suite of financial products and services that cater to a diverse clientele, including individuals, small businesses, and middle-market companies. The company’s focus on delivering personalized solutions across commercial banking, consumer banking, mortgage banking, wealth management, insurance, and investment banking services has established it as a key player in the financial services sector. This diversified approach enables FirstBank to address the unique financial needs of its customers effectively, contributing to its growth and success in the industry.