U.S. stock futures edge higher; earnings season continues
James W. Ayers, a major shareholder of FB Financial Corp (NYSE:FBK), recently increased his stake in the company by purchasing additional shares. According to a Form 4 filing with the Securities and Exchange Commission, Ayers acquired 2,000 shares of common stock on February 12, 2025. The shares were bought at a weighted average price of $51.83, with transaction prices ranging from $51.80 to $51.85. The purchase comes as FB Financial, with a market capitalization of $2.4 billion, has delivered an impressive 48% return over the past year. According to InvestingPro data, FB Financial shows promising fundamentals with seven consecutive years of dividend growth and positive analyst sentiment, as four analysts have recently revised their earnings estimates upward. This acquisition brings Ayers' total direct holdings in the company to 10,927,841 shares.
In other recent news, FB Financial Corporation has been making notable strides. The company recently announced an increase in its quarterly cash dividend to $0.19 per share, which marks a 12% rise from previous payouts. This move, as per FB Financial's President and CEO Christopher T. Holmes, reflects the company's financial health and its commitment to its shareholders.
In addition to this, FB Financial's fourth quarter earnings have surpassed analyst expectations. The company posted adjusted earnings per share of $0.85 for Q4 2024, beating the consensus estimate of $0.84. However, the revenue was slightly below the projected $131.14 million, coming in at $130.38 million.
Among other developments, the corporation witnessed a rise in net interest income to $108.4 million in Q4, up from $106 million in Q3. Total (EPA:TTEF) loans held for investment also grew 5.22% annualized in Q4 to $9.60 billion. These are among the recent developments that continue to shape the trajectory of FB Financial.
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