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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Schedule of Segment Financial Information

The following tables present selected financial information with respect to the Company's reportable segments for the three months ended March 31, 2024 and 2023.

Three Months Ended March 31, 2024						Banking						Mortgage						Consolidated
Net interest income						$	97,094					$	2,396					$	99,490
Provisions for (reversal of) credit losses						838						(56)						782
Mortgage banking income						—						15,626						15,626
Change in fair value of mortgage servicing rights, net of hedging(1)						—						(3,041)						(3,041)
Other noninterest (loss) income						(4,794)						171						(4,623)
Depreciation and amortization						2,708						133						2,841
Amortization of intangibles						789						—						789
Other noninterest expense						56,847						11,943						68,790
Income before income taxes						$	31,118					$	3,132					$	34,250
Income tax expense																		6,300
Net income applicable to FB Financial Corporation and noncontrolling interest																		27,950
Net income applicable to noncontrolling interest																		—
Net income applicable to FB Financial Corporation																		$	27,950
Total assets						$	11,979,904					$	568,416					$	12,548,320
Goodwill						242,561						—						242,561

(1) Change in fair value of mortgage servicing rights, net of hedging is included in Mortgage banking income in the Company's consolidated statements of income.

Three Months Ended March 31, 2023						Banking						Mortgage						Consolidated
Net interest income						$	101,287					$	2,373					$	103,660
Provisions for credit losses						212						279						491
Mortgage banking income						—						15,493						15,493
Change in fair value of mortgage servicing rights, net of hedging(1)						—						(3,407)						(3,407)
Other noninterest income (loss)						11,493						(230)						11,263
Depreciation and amortization						2,049						179						2,228
Amortization of intangibles						990						—						990
Other noninterest expense						63,713						13,509						77,222
Income before income taxes						$	45,816					$	262					$	46,078
Income tax expense																		9,697
Net income applicable to FB Financial Corporation and noncontrolling interest																		36,381
Net income applicable to noncontrolling interest																		—
Net income applicable to FB Financial Corporation																		$	36,381
Total assets						$	12,534,348					$	566,799					$	13,101,147
Goodwill						242,561						—						242,561

(1)Change in fair value of mortgage servicing rights, net of hedging is included in mortgage banking income in the Company's consolidated statements of income.

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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- References

No definition available.

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