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Basis of presentation (Tables) | 9 Months Ended
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Sep. 30, 2020
Accounting Policies [Abstract] |
Summary of Basic and Diluted Earnings Per Common Share | The following is a summary of the basic and diluted earnings per common share calculation for each of the periods presented:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
|  | 2020 |  |  | 2019 |  |  | 2020 |  |  | 2019 |  |  |
Basic earnings per common share calculation: |  |  |  |  |  |  |  |  |  |
Net (loss) income applicable to FB Financial Corporation |  | $ | (5,599) |  |  | $ | 23,966 |  |  | $ | 18,019 |  |  | $ | 62,242 |  |  |
Dividends paid on and undistributed earnings allocated to participating securities |  | — |  |  | (128) |  |  | — |  |  | (333) |  |  |
(Loss) earnings available to common shareholders |  | $ | (5,599) |  |  | $ | 23,838 |  |  | $ | 18,019 |  |  | $ | 61,909 |  |  |
Weighted average basic shares outstanding |  | 40,154,841 |  |  | 30,899,583 |  |  | 34,404,064 |  |  | 30,849,035 |  |  |
Basic (loss) earnings per common share |  | $ | (0.14) |  |  | $ | 0.77 |  |  | $ | 0.52 |  |  | $ | 2.01 |  |  |
Diluted earnings per common share: |  |  |  |  |  |  |  |  |  |
(Loss) earnings available to common shareholders |  | $ | (5,599) |  |  | $ | 23,838 |  |  | $ | 18,019 |  |  | $ | 61,909 |  |  |
Weighted average basic shares outstanding |  | 40,154,841 |  |  | 30,899,583 |  |  | 34,404,064 |  |  | 30,849,035 |  |  |
Weighted average diluted shares contingently issuable(1) |  | 482,904 |  |  | 525,990 |  |  | 436,228 |  |  | 529,751 |  |  |
Weighted average diluted shares outstanding |  | 40,637,745 |  |  | 31,425,573 |  |  | 34,840,292 |  |  | 31,378,786 |  |  |
Diluted (loss) earnings per common share(2) |  | $ | (0.14) |  |  | $ | 0.76 |  |  | $ | 0.52 |  |  | $ | 1.97 |  |  |
(1)Excludes 332,347 and 536,908 restricted stock units outstanding considered to be antidilutive for the three and nine months ended September 30, 2020, respectively. (2)Diluted EPS is calculated using the basic weighted average number of common shares outstanding for periods in which a loss is incurred.
Schedule of New Accounting Pronouncements and Changes in Accounting Principles | A summary of the impact to the consolidated balance sheet as of the adoption date is presented in the table below:
|  | Balance before adoption of ASC 326 |  | Cumulative effective adjustment to adopt ASC 326 |  | Impact of the adjustment to adopt ASC 326 |  | Balance at January 1, 2020 (post ASC 326 adoption)
ASSETS: |  |  |  |
Loans |  | $ | 4,409,642 |  |  | $ | 558 |  |  | Increase |  | $ | 4,410,200 |
Allowance for credit losses |  | (31,139) |  |  | (31,446) |  |  | Increase |  | (62,585) |
Total impact to assets |  |  |  | $ | (30,888) |  |  | Net decrease |  |
LIABILITIES AND EQUITY: |  |  |  |  |  |  |  |
Allowance for credit losses on unfunded commitments |  | $ | — |  |  | $ | 2,947 |  |  | Increase |  | $ | 2,947 |
Net deferred tax liability |  | 20,490 |  |  | (8,817) |  |  | Decrease |  | 11,673 |
Retained earnings |  | 293,524 |  |  | (25,018) |  |  | Decrease |  | 268,506 |
Total impact to liabilities and equity |  |  |  | $ | (30,888) |  |  | Net decrease |  |

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