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FB Financial Corporation FB Financial Corporation Reports Third Quarter 2021 Results Reports Q3 diluted EPS of $ 0.94 , ROAA of 1.51 % NASHVILLE , TENNESSEE - October 18 , 2021-- FB Financial Corporation ( the " Company " ) ( NYSE : FBK ) , parent company of FirstBank , reported net income of $ 45.3 million , or $ 0.94 per diluted common share , compared to a net loss of $ 0.14 per diluted common share in the same quarter last year and net income of $ 0.90 in the previous quarter . Adjusted net income was $ 42.7 million , or $ 0.89 per diluted common share , compared to $ 1.43 per diluted common share in the same quarter last year and $ 0.88 in the previous quarter . The Company's return on average assets for the third quarter was 1.51 % ( 1.42 % adjusted ) and return on tangible common equity was 15.9 % ( 15.0 % adjusted ) . The Company recorded growth in loans held for investment ( " HFI " ) of $ 95.7 million in the third quarter , or 5.28 % annualized . Excluding Paycheck Protection Program ( " PPP " ) loans , the Company recorded HFI loan growth of $ 143.7 million , or 7.98 % annualized . For the nine months ended September 30 , 2021 , the Company reported net income of $ 141.5 million , or $ 2.95 per diluted common share , compared to $ 18.0 million , or $ 0.52 per diluted common share , for the same period in 2020 . Adjusting for non - operating items , EPS was $ 2.89 and $ 2.51 for the nine months ended September 30 , 2021 and 2020 , respectively . The Company's book value per common share at quarter - end was $ 29.36 and the tangible book value ( " TBV " ) per common share was $ 23.90 . President and Chief Executive Officer , Christopher T. Holmes stated , " During the quarter the team delivered loan growth , increased net interest income , and realized strong mortgage results . We also added value for our shareholders by increasing our tangible book value per share at an annualized rate of 13.4 % through the first three quarters of the year . " Performance Summary ( dollars in thousands , except per share data ) Balance Sheet Highlights Investment securities Mortgage loans held for sale , at fair value Commercial loans held for sale , at fair value Loans held for investment ( HFI ) Adjusted loans held for investment * Allowance for credit losses Total assets Customer deposits Brokered and internet time deposits Total deposits Borrowings Total common shareholders ' equity Book value per share Total common shareholders ' equity to total assets Tangible book value per common share * Tangible common equity to tangible assets * $ $ 2021 2020 Annualized Third Quarter Second Quarter Third Quarter 3Q21 / 2Q21 % Change 1,577,337 755,210 100,496 $ 1,409,175 697,407 $ 1,164,910 610,695 124,122 241,256 47.3 % 32.9 % ( 75.5 ) % 3Q21 / 3Q20 % Change 35.4 % 23.7 % ( 58.3 ) % 7,294,674 7,198,954 7,213,538 5.28 % 1.12 % 7,285,259 7,141,548 6,902,819 7.98 % 5.54 % 139,446 144,663 183,973 ( 14.3 ) % ( 24.2 ) % 11,810,290 11,918,367 11,010,438 ( 3.60 ) % 7.26 % 10,043,901 10,163,056 9,001,673 ( 4.65 ) % 172,710 1,400,913 29.36 28,017 10,071,918 10,203,956 183,962 40,900 92,074 ( 125.0 ) % 9,093,747 438.838 ( 5.13 ) % ( 24.27 ) % 1,371,721 1,244,998 28.96 $ 26.38 8.44 % 5.48 % 11.6 % ( 69.6 ) % 10.8 % ( 60.6 ) % 12.5 % 11.3 % 11.9 % 11.5 % 23.90 9.87 % $ 23.43 9.52 % $ 11.3 % 20.87 7.96 % 14.5 % 9.16 % * Certain measures are considered non - GAAP financial measures . For a reconciliation and discussion of this non - GAAP measure , see " GAAP Reconciliation and Use of non - GAAP Financial Measures " and the corresponding non - GAAP reconciliation tables in this Earnings Release and " Use of non - GAAP Financial Measures " and the corresponding non - GAAP reconciliation tables in the Supplemental Financial Information as well as " Use of non - GAAP Financial Measures " and the Appendix in the Earnings Release Presentation dated October 19 , 2021 . -MORE-