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Segment Reporting (Tables) | 9 Months Ended
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Sep. 30, 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 and nine months ended September 30, 2024 and 2023.
Three Months Ended September 30, 2024 |  | Banking |  | Mortgage |  | Consolidated
Net interest income |  | $ | 104,335 |  |  | $ | 1,682 |  |  | $ | 106,017 |
Provisions for credit losses |  | 1,861 |  |  | 53 |  |  | 1,914 |
Mortgage banking income |  | — |  |  | 16,043 |  |  | 16,043 |
Change in fair value of mortgage servicing rights, net of hedging(1) |  | — |  |  | (4,490) |  |  | (4,490) |
Other noninterest (loss) income |  | (28,370) |  |  | 320 |  |  | (28,050) |
Depreciation and amortization |  | 3,141 |  |  | 114 |  |  | 3,255 |
Amortization of intangibles |  | 719 |  |  | — |  |  | 719 |
Other noninterest mortgage banking expense |  | — |  |  | — |  |  | — |
Other noninterest expense |  | 59,425 |  |  | 12,813 |  |  | 72,238 |
Income before income taxes |  | $ | 10,819 |  |  | $ | 575 |  |  | $ | 11,394 |
Income tax expense |  |  |  |  |  | 1,174 |
Net income applicable to FB Financial Corporation and noncontrolling interest |  |  |  |  |  | 10,220 |
Net income applicable to noncontrolling interest |  |  |  |  |  | — |
Net income applicable to FB Financial Corporation |  |  |  |  |  | $ | 10,220 |
Total assets |  | $ | 12,337,135 |  |  | $ | 583,087 |  |  | $ | 12,920,222 |
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 September 30, 2023 |  | Banking |  | Mortgage |  | Consolidated
Net interest income |  | $ | 99,359 |  |  | $ | 1,567 |  |  | $ | 100,926 |
Provisions for (reversals of) credit losses |  | 3,253 |  |  | (432) |  |  | 2,821 |
Mortgage banking income |  | — |  |  | 15,722 |  |  | 15,722 |
Change in fair value of mortgage servicing rights, net of hedging(1) |  | — |  |  | (3,724) |  |  | (3,724) |
Other noninterest (loss) income |  | (4,031) |  |  | 75 |  |  | (3,956) |
Depreciation and amortization |  | 2,514 |  |  | 167 |  |  | 2,681 |
Amortization of intangibles |  | 889 |  |  | — |  |  | 889 |
Other noninterest mortgage banking expense |  | — |  |  | — |  |  | — |
Other noninterest expense |  | 65,309 |  |  | 14,118 |  |  | 79,427 |
Income (loss) before income taxes |  | $ | 23,363 |  |  | $ | (213) |  |  | $ | 23,150 |
Income tax expense |  |  |  |  |  | 3,975 |
Net income applicable to FB Financial Corporation and noncontrolling interest |  |  |  |  |  | 19,175 |
Net income applicable to noncontrolling interest |  |  |  |  |  | — |
Net income applicable to FB Financial Corporation |  |  |  |  |  | $ | 19,175 |
Total assets |  | $ | 11,904,608 |  |  | $ | 585,023 |  |  | $ | 12,489,631 |
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.
Nine Months Ended September 30, 2024 |  | Banking(2) |  | Mortgage |  | Consolidated
Net interest income |  | $ | 303,990 |  |  | $ | 4,132 |  |  | $ | 308,122 |
Provisions for (reversals of) credit losses |  | 5,131 |  |  | (211) |  |  | 4,920 |
Mortgage banking income |  | — |  |  | 47,915 |  |  | 47,915 |
Change in fair value of mortgage servicing rights, net of hedging(1) |  | — |  |  | (11,867) |  |  | (11,867) |
Other noninterest (loss) income |  | (19,687) |  |  | 712 |  |  | (18,975) |
Depreciation and amortization |  | 8,594 |  |  | 363 |  |  | 8,957 |
Amortization of intangibles |  | 2,260 |  |  | — |  |  | 2,260 |
Other noninterest expense |  | 175,104 |  |  | 37,404 |  |  | 212,508 |
Income before income taxes |  | $ | 93,214 |  |  | $ | 3,336 |  |  | $ | 96,550 |
Income tax expense |  |  |  |  |  | 18,393 |
Net income applicable to FB Financial Corporation and noncontrolling interest |  |  |  |  |  | 78,157 |
Net income applicable to noncontrolling interest(2) |  |  |  |  |  | 8 |
Net income applicable to FB Financial Corporation |  |  |  |  |  | $ | 78,149 |
Total assets |  | $ | 12,337,135 |  |  | $ | 583,087 |  |  | $ | 12,920,222 |
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. (2) Banking segment includes noncontrolling interest.
Nine Months Ended September 30, 2023 |  | Banking(2) |  | Mortgage |  | Consolidated
Net interest income |  | $ | 301,438 |  |  | $ | 4,691 |  |  | $ | 306,129 |
Provisions for (reversals of) credit losses |  | 2,316 |  |  | (82) |  |  | 2,234 |
Mortgage banking income |  | — |  |  | 47,669 |  |  | 47,669 |
Change in fair value of mortgage servicing rights, net of hedging(1) |  | — |  |  | (11,353) |  |  | (11,353) |
Other noninterest income (loss) |  | 18,942 |  |  | (54) |  |  | 18,888 |
Depreciation and amortization |  | 6,783 |  |  | 578 |  |  | 7,361 |
Amortization of intangibles |  | 2,819 |  |  | — |  |  | 2,819 |
Other noninterest expense |  | 192,070 |  |  | 42,479 |  |  | 234,549 |
Income (loss) before income taxes |  | $ | 116,392 |  |  | $ | (2,022) |  |  | $ | 114,370 |
Income tax expense |  |  |  |  |  | 23,507 |
Net income applicable to FB Financial Corporation and noncontrolling interest |  |  |  |  |  | 90,863 |
Net income applicable to noncontrolling interest(2) |  |  |  |  |  | 8 |
Net income applicable to FB Financial Corporation |  |  |  |  |  | $ | 90,855 |
Total assets |  | $ | 11,904,608 |  |  | $ | 585,023 |  |  | $ | 12,489,631 |
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. (2) Banking segment includes noncontrolling interest.

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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 + Details
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