FB Financial Corp (FBK) - Net Assets
Based on the latest financial reports, FB Financial Corp (FBK) has net assets worth $1.94 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($16.80 Billion) and total liabilities ($14.86 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset allocation strategy of FB Financial Corp to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.94 Billion |
| % of Total Assets | 11.53% |
| Annual Growth Rate | 19.26% |
| 5-Year Change | 35.99% |
| 10-Year Change | 489.49% |
| Growth Volatility | 25.39 |
FB Financial Corp - Net Assets Trend (2012–2025)
This chart illustrates how FB Financial Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of FB Financial Corp.
Annual Net Assets for FB Financial Corp (2012–2025)
The table below shows the annual net assets of FB Financial Corp from 2012 to 2025. Also explore FB Financial Corp (FBK) net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $1.95 Billion | +24.28% |
| 2024-12-31 | $1.57 Billion | +7.75% |
| 2023-12-31 | $1.45 Billion | +9.76% |
| 2022-12-31 | $1.33 Billion | -7.48% |
| 2021-12-31 | $1.43 Billion | +10.94% |
| 2020-12-31 | $1.29 Billion | +69.40% |
| 2019-12-31 | $762.33 Million | +13.47% |
| 2018-12-31 | $671.86 Million | +12.59% |
| 2017-12-31 | $596.73 Million | +80.55% |
| 2016-12-31 | $330.50 Million | +39.64% |
| 2015-12-31 | $236.67 Million | +9.96% |
| 2014-12-31 | $215.23 Million | +13.46% |
| 2013-12-31 | $189.69 Million | -3.89% |
| 2012-12-31 | $197.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FB Financial Corp's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1168.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $846.62 Million | 43.46% |
| Common Stock | $51.75 Million | 2.66% |
| Other Comprehensive Income | $-32.55 Million | -1.67% |
| Other Components | $1.08 Billion | 55.56% |
| Total Equity | $1.95 Billion | 100.00% |
FB Financial Corp Competitors by Market Cap
The table below lists competitors of FB Financial Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Csquare, Inc.
NYSE:CSQR
|
$2.71 Billion |
|
Chongqing Brewery Co Ltd
SHG:600132
|
$2.71 Billion |
|
Harley-Davidson Inc
NYSE:HOG
|
$2.71 Billion |
|
Empresas CMPC
SN:CMPC
|
$2.71 Billion |
|
Société BIC SA
PA:BB
|
$2.71 Billion |
|
AUB Group Ltd
AU:AUB
|
$2.70 Billion |
|
Alarm.com Holdings Inc
NASDAQ:ALRM
|
$2.70 Billion |
|
Topgolf Callaway Brands Corp.
NYSE:MODG
|
$2.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FB Financial Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,567,538,000 to 1,948,165,000, a change of 380,627,000 (24.3%).
- Net income of 122,622,000 contributed positively to equity growth.
- Dividend payments of 37,887,000 reduced retained earnings.
- Share repurchases of 155,914,000 reduced equity.
- New share issuances of 897,000 increased equity.
- Other comprehensive income increased equity by 69,133,000.
- Other factors increased equity by 381,776,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $122.62 Million | +6.29% |
| Dividends Paid | $37.89 Million | -1.94% |
| Share Repurchases | $155.91 Million | -8.0% |
| Share Issuances | $897.00K | +0.05% |
| Other Comprehensive Income | $69.13 Million | +3.55% |
| Other Changes | $381.78 Million | +19.6% |
| Total Change | $- | 24.28% |
Book Value vs Market Value Analysis
This analysis compares FB Financial Corp's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.48x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 4.71x to 1.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $11.49 | $54.15 | x |
| 2013-12-31 | $7.91 | $54.15 | x |
| 2014-12-31 | $12.53 | $54.15 | x |
| 2015-12-31 | $9.87 | $54.15 | x |
| 2016-12-31 | $17.11 | $54.15 | x |
| 2017-12-31 | $21.15 | $54.15 | x |
| 2018-12-31 | $21.45 | $54.15 | x |
| 2019-12-31 | $24.28 | $54.15 | x |
| 2020-12-31 | $33.89 | $54.15 | x |
| 2021-12-31 | $29.87 | $54.15 | x |
| 2022-12-31 | $28.06 | $54.15 | x |
| 2023-12-31 | $31.07 | $54.15 | x |
| 2024-12-31 | $33.47 | $54.15 | x |
| 2025-12-31 | $36.71 | $54.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FB Financial Corp utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.29%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.97%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 8.37x
- Recent ROE (6.29%) is below the historical average (10.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 10.40% | 19.38% | 0.05x | 11.31x | $779.80K |
| 2013 | 14.18% | 20.94% | 0.06x | 11.91x | $7.93 Million |
| 2014 | 15.08% | 22.59% | 0.06x | 11.28x | $10.94 Million |
| 2015 | 20.22% | 24.88% | 0.07x | 12.25x | $24.19 Million |
| 2016 | 12.28% | 15.31% | 0.08x | 9.91x | $7.54 Million |
| 2017 | 8.78% | 16.84% | 0.07x | 7.92x | $-7.27 Million |
| 2018 | 11.94% | 21.67% | 0.07x | 7.65x | $13.05 Million |
| 2019 | 10.99% | 20.05% | 0.07x | 8.03x | $7.58 Million |
| 2020 | 4.93% | 10.32% | 0.06x | 8.68x | $-65.51 Million |
| 2021 | 13.28% | 31.03% | 0.05x | 8.79x | $47.02 Million |
| 2022 | 9.40% | 20.89% | 0.05x | 9.69x | $-7.99 Million |
| 2023 | 8.26% | 16.05% | 0.06x | 8.66x | $-25.26 Million |
| 2024 | 7.40% | 15.13% | 0.06x | 8.39x | $-40.72 Million |
| 2025 | 6.29% | 13.97% | 0.05x | 8.37x | $-72.19 Million |
Industry Comparison
This section compares FB Financial Corp's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $574,041,500
- Average return on equity (ROE) among peers: 7.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FB Financial Corp (FBK) | $1.94 Billion | 10.40% | 7.67x | $2.71 Billion |
| Ameris Bancorp (ABCB) | $141.98 Million | 7.29% | 7.40x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $804.48 Million | 9.14% | 8.77x | $5.62 Billion |
| ACNB Corporation (ACNB) | $61.12 Million | 12.64% | 7.91x | $656.47 Million |
| Affinity Bancshares Inc (AFBI) | $45.08 Million | 2.57% | 4.16x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $182.82 Million | 9.36% | 8.54x | $822.80 Million |
| Amalgamated Bank (AMAL) | $439.37 Million | 10.16% | 9.66x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $747.42 Million | 6.13% | 9.87x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $334.39 Million | 12.21% | 10.03x | $708.35 Million |
| Associated Banc-Corp (ASB) | $2.88 Billion | 5.86% | 7.41x | $5.62 Billion |
| AmeriServ Financial Inc (ASRV) | $107.25 Million | 3.36% | 12.26x | $78.95 Million |
About FB Financial Corp
FB Financial Corporation operates as a bank holding company for FirstBank that provides a suite of commercial and consumer banking services. The company operates in two segments, Banking and Mortgage. It offers interest-bearing checking, noninterest-bearing demand, money market, and savings accounts; deposit and lending products and services to corporate, commercial, and consumer customers; and t… Read more