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FB Financial Corporation (NYSE:FBK), a $2.04 billion market cap financial institution trading at a P/E ratio of 16.28, conducted its annual meeting on May 22, 2025, where several key decisions were made by its shareholders. According to InvestingPro analysis, the company appears slightly undervalued based on its Fair Value metrics, with analysts maintaining a positive outlook despite recent earnings estimate revisions. The Nashville-based state commercial bank, which has demonstrated consistent shareholder returns with seven consecutive years of dividend increases and currently offers a 1.74% dividend yield, announced the election of 12 directors, who will serve until the next annual meeting in 2026. The elected directors are J. Jonathan Ayers, William F. Carpenter III, Agenia W. Clark, James W. Cross IV, James L. Exum, Christopher T. Holmes, Orrin H. Ingram, R. Milton Johnson, Raja J. Jubran, C. Wright Pinson, Emily J. Reynolds, and Melody J. Sullivan. For deeper insights into FB Financial’s governance and financial metrics, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In addition to electing directors, the shareholders approved the compensation of the company’s named executive officers in a non-binding advisory vote. However, a proposal to amend the company’s charter to eliminate supermajority voting standards did not receive the required 80% approval from the holders of the outstanding shares of the company’s common stock.
Furthermore, the shareholders ratified the appointment of Crowe LLP as FB Financial Corporation’s independent registered public accounting firm for the fiscal year ending December 31, 2025. Despite the stock’s YTD decline of 14.64%, InvestingPro data shows the company maintains a FAIR overall financial health score, with analysts projecting continued profitability for the current fiscal year.
The detailed voting results for the election of directors showed strong support for all nominees, with each receiving a substantial majority of the votes cast. The non-binding advisory vote on executive compensation also passed with a significant majority. However, the proposed charter amendments to eliminate supermajority voting requirements received 28,932,224 votes for, 41,722 against, and 10,860,357 abstentions, falling short of the necessary approval threshold.
The ratification of Crowe LLP as the company’s independent auditor passed overwhelmingly with 42,969,692 votes for, 116,645 against, and 42,616 abstentions.
FB Financial Corporation, operating under the organization name 02 Finance, is incorporated in Tennessee and has its headquarters at 1221 Broadway, Suite 1300, Nashville, TN 37203. This report is based on the company’s 8-K filing with the Securities and Exchange Commission.
In other recent news, FB Financial Corp reported its first-quarter 2025 earnings, showing an adjusted earnings per share (EPS) of $0.85, slightly exceeding the forecast of $0.83. However, the company reported revenue of $130.67 million, which fell short of the expected $132.18 million. The company is poised for a strategic merger with Southern States Bank, anticipated to close in the third quarter of 2025, which aims to enhance its presence in Alabama and Georgia. Piper Sandler analyst Stephen Scouten adjusted the price target for FB Financial, reducing it to $58 from $60, while maintaining an Overweight rating, citing robust capital levels and impressive loan growth. Raymond (NSE:RYMD) James analyst Steve Moss reiterated a Market Perform rating, noting the company’s fair premium valuation compared to its peers. FB Financial maintained its loan growth forecast for 2025, projecting increases supported by a robust pipeline and market expansions. Despite higher-than-expected expenses due to performance-based compensation, the bank’s strong capital and liquidity position is seen as favorable for growth. The anticipated merger with Southern States Bank is expected to further solidify FB Financial’s market position.
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