Can anything shut down the Gold rally?
NASHVILLE - FB Financial Corporation (NYSE:FBK), parent company of FirstBank, a $2.95 billion market cap financial institution currently trading above its InvestingPro Fair Value, announced Wednesday that Michael Mettee will be named Chief Operating Officer and Chief Financial Officer, while Scott Tansil will become Chief Business and Operations Officer, effective October 1, 2025.
Mettee, who currently serves as Chief Financial Officer, will retain his CFO responsibilities while adding oversight of banking markets, credit, and customer experience. In his expanded role, he will lead efforts to integrate customer-centric innovation across the bank.
Tansil, currently Chief Operations Officer, will continue overseeing bank operations, the Mortgage Division, and the Manufactured Housing Division. His new role will include establishing a procurement function for the organization.
"Both Michael and Scott have consistently demonstrated strong leadership and management skills, along with an unwavering commitment to excellence across all areas of our enterprise," said Christopher T. Holmes, President and CEO of FB Financial, in a press release statement.
The company described the appointments as strategic moves that underscore FirstBank’s commitment to leadership development and talent acquisition as it positions itself for further growth across the Southeast.
FB Financial Corporation operates 93 full-service branches across Tennessee, Kentucky, Alabama, and Georgia, with approximately $16.0 billion in total assets.
In other recent news, FB Financial Corporation reported its second-quarter earnings for 2025, which showed a significant revenue shortfall. The company posted a revenue of $76.86 million, which was considerably below the projected $136.37 million, resulting in a revenue surprise of -43.64%. However, the company met analysts’ expectations with an adjusted earnings per share of $0.88. Additionally, FB Financial announced a stock repurchase program, authorizing the buyback of up to $150 million of its outstanding common stock, effective until January 31, 2027. This new authorization replaces a previous program that was set to expire in 2026. The company also redeemed all of its outstanding 4.50% Fixed-to-Floating Rate Subordinated Notes due 2030. The redemption was executed at a price equal to 100% of the principal amount, plus accrued and unpaid interest. These developments reflect FB Financial’s ongoing financial management strategies.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.