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NASHVILLE, Tenn. - FB Financial Corporation (NYSE:FBK), the parent company of FirstBank, has announced an increase in its quarterly cash dividend to $0.19 per share, marking a 12% rise from previous payouts. According to InvestingPro data, this continues the company’s 7-year streak of consecutive dividend increases, with the current yield at 1.29%. The dividend is scheduled to be paid on February 25, 2025, to shareholders on record as of February 11, 2025.
Christopher T. Holmes, President and CEO of FB Financial, expressed enthusiasm for the company’s ability to continue its streak of quarterly dividends, now in its 28th consecutive period. Holmes emphasized the dividend increase as a reflection of the company’s financial health and its commitment to delivering value to its shareholders. This confidence appears well-founded, as InvestingPro data shows four analysts have recently revised their earnings expectations upward for the upcoming period.
FB Financial Corporation, based in Nashville, Tennessee, operates through FirstBank, which has a network of 77 full-service branches across Tennessee, Kentucky, Alabama, and North Georgia, as well as mortgage offices throughout the Southeast. The company has reported total assets of approximately $13.2 billion.
The announcement of the increased dividend underscores FB Financial’s ongoing strategy to provide returns to its investors, suggesting confidence in its operational profitability and growth. This information is based on a press release statement from FB Financial Corporation.
In other recent news, FB Financial Corporation has reported noteworthy Q4 earnings that surpassed analyst expectations. The company posted adjusted earnings per share of $0.85 for Q4 2024, exceeding the consensus estimate of $0.84. However, revenue was slightly under projections, coming in at $130.38 million compared to the anticipated $131.14 million.
FB Financial’s net interest income rose to $108.4 million in Q4, with total loans held for investment growing by 5.22% annualized to $9.60 billion. In addition, total deposits saw an increase of 8.49% annualized, reaching $11.21 billion.
The company reported net charge-offs of $11.3 million in Q4, and the allowance for credit losses on loans stood at $151.9 million as of December 31, 2024. CEO Christopher T. Holmes expressed optimism about a strong economic environment in their markets in 2025. These are among the recent developments for FB Financial.
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