FB Financial Corporation (FBK): Business Model Canvas [Jan-2025 Mis à jour]

Dans le paysage dynamique de la banque régionale, FB Financial Corporation (FBK) apparaît comme une puissance stratégique, mélangeant parfaitement les services financiers traditionnels avec l'innovation numérique de pointe. En créant une toile complète du modèle commercial qui priorise les besoins de la communauté locale et les progrès technologiques, FBK s'est positionné comme une institution financière polyvalente qui va au-delà de la simple banque transactionnelle. Leur approche unique entrelace des relations client personnalisées, des infrastructures technologiques robustes et des partenariats stratégiques pour offrir une valeur exceptionnelle sur plusieurs segments de clients au Tennessee et dans les marchés environnants.

FB Financial Corporation (FBK) - Modèle d'entreprise: partenariats clés

Alliance stratégique avec les banques régionales

FB Financial Corporation maintient des partenariats stratégiques avec les réseaux bancaires régionaux pour étendre la portée du marché. Depuis le quatrième trimestre 2023, la Banque a établi des accords de collaboration avec 18 institutions bancaires régionales du Tennessee et des États adjacents.

Banques partenaires	Couverture géographique	Focus de partenariat
First Horizon Bank	Tennessee, Mississippi	Extension du marché
Banque de régions	Alabama, Kentucky	Services de prêt
Pannacle Financial Partners	Région métropolitaine de Nashville	Banque commerciale

Partenariats fintech pour les solutions bancaires numériques

FB Financial a établi des partenariats technologiques pour améliorer les capacités bancaires numériques. En 2023, la société a investi 3,2 millions de dollars dans la collaboration et l'intégration fintech.

• Collaboration avec Fiserv pour la technologie bancaire de base
• Partenariat avec Jack Henry & Associés pour l'amélioration de la plate-forme numérique
• Alliance de la technologie stratégique avec Finastra pour les solutions de prêt numérique

Collaborations des assureurs

FB Financial maintient des partenariats de services financiers complets avec les fournisseurs d'assurance. Le portefeuille de collaboration d'assurance actuel comprend 7 compagnies d'assurance nationales et régionales.

Partenaire d'assurance	Type de service	Année de partenariat
Pays financier	Produits d'assurance intégrés	2019
Ferme d'État	Gestion complète des risques	2021

Relations d'association des affaires locales

FB Financial s'engage activement avec les associations commerciales locales, en maintenant les membres de 12 chambres de commerce dans ses régions opérationnelles.

• Chambre de commerce de Nashville
• Association des affaires du Tennessee
• Conseil de développement économique du Tennessee Middle

FB Financial Corporation (FBK) - Modèle d'entreprise: activités clés

Services bancaires commerciaux et grand public

FB Financial Corporation a déclaré un actif total de 12,4 milliards de dollars au 423 au quatrième trimestre.

Catégorie de service bancaire	Volume total ($)	Part de marché (%)
Banque commerciale	6,100,000,000	2.3%
Banque de consommation	3,100,000,000	1.7%

Origination du prêt et souscription

En 2023, FB Financial a traité 22 415 demandes de prêt d'une valeur totale de 2,8 milliards de dollars.

• Taux d'approbation du prêt moyen: 67,3%
• Coûts d'origine du prêt: 247 $ par demande
• Revenu total de souscription: 89,4 millions de dollars

Développement de la plate-forme bancaire numérique

Les investissements bancaires numériques en 2023 ont atteint 34,6 millions de dollars. Les utilisateurs des services bancaires mobiles sont passés à 215 000, ce qui représente une croissance de 12,4% en glissement annuel.

Métrique de la plate-forme numérique	Valeur 2023
Utilisateurs de la banque mobile	215,000
Investissement de plate-forme numérique	$34,600,000

Gestion des risques et avis financier

Les dépenses de gestion des risques étaient de 42,1 millions de dollars en 2023, avec un taux de réussite des risques de 94,6%.

• Personnel de conformité: 87 professionnels
• Investissement technologique de gestion des risques: 12,3 millions de dollars
• Temps d'évaluation des risques moyen: 3,2 jours

Stratégies de fusion et d'acquisition

FB Financial a achevé deux acquisitions stratégiques en 2023, totalisant 276 millions de dollars en valeur de transaction.

Cible d'acquisition	Valeur de transaction	Justification stratégique
Banque communautaire régionale	$189,000,000	Extension du marché
Solutions de paiement fintech	$87,000,000	Amélioration des capacités numériques

FB Financial Corporation (FBK) - Modèle d'entreprise: Ressources clés

Réseau de succursale

Branches totales: 91 Emplacements à travers le Tennessee et les États environnants auprès du quatrième trimestre 2023

État	Nombre de branches
Tennessee	76
Kentucky	8
Mississippi	7

Infrastructure de technologie bancaire numérique

Investissement technologique: 12,4 millions de dollars d'infrastructures bancaires numériques pour 2023

• Plateforme de banque mobile
• Services bancaires en ligne
• Systèmes de cybersécurité avancés
• Technologie bancaire basée sur le cloud

Équipe de gestion financière

Poste de direction	Années d'expérience
PDG	22 ans
Directeur financier	18 ans
CTO	15 ans

Capital et stabilité financière

Actifs totaux: 9,3 milliards de dollars (Q4 2023)

Ratio de capital de niveau 1: 13.6%

Équité totale: 1,2 milliard de dollars

Gestion de la relation client

• Système CRM propriétaire
• Plateforme d'analyse des données client
• Outils d'expérience bancaire personnalisés

Comptes clients totaux: 247 000 en décembre 2023

FB Financial Corporation (FBK) - Modèle d'entreprise: propositions de valeur

Solutions bancaires personnalisées pour les entreprises et les particuliers locaux

FB Financial Corporation propose des solutions bancaires sur mesure avec les mesures financières spécifiques suivantes:

Catégorie de produits	Valeur totale	Pénétration du marché
Prêts aux petites entreprises	487,3 millions de dollars	23,4% de part de marché régional
Comptes bancaires personnels	219,6 millions de dollars	17,8% de croissance de la clientèle

Taux d'intérêt concurrentiels et produits financiers

Offres de taux d'intérêt auprès du quatrième trimestre 2023:

• Compte d'épargne personnelle: 3,25% apy
• Vérification des entreprises: taux d'intérêt de 2,75%
• Localisation commerciale: taux premiers + 2,5%

Service client réactif et localisé

Métrique de service	Performance
Temps de réponse moyen	12,4 minutes
Évaluation de satisfaction du client	4.6/5

Options bancaires numériques et traditionnelles complètes

Performance de la plate-forme bancaire numérique:

• Utilisateurs de la banque mobile: 127 500
• Volume de transaction en ligne: 1,2 milliard de dollars trimestriel
• Investissements de sécurité numérique: 4,7 millions de dollars par an

Soutenu financier axé sur la communauté

Catégorie d'investissement communautaire	Allocation totale
Subventions commerciales locales	3,2 millions de dollars
Prêts de développement communautaire	22,6 millions de dollars

FB Financial Corporation (FBK) - Modèle d'entreprise: relations avec les clients

Gestion des relations bancaires personnelles

FB Financial Corporation conserve 153 centres bancaires à travers le Tennessee et le Kentucky à partir de 2023. La banque dessert environ 135 000 clients bancaires personnels actifs avec un solde de compte moyen de 47 500 $.

Segment de clientèle	Nombre de clients	Valeur de relation moyenne
Banque personnelle	135,000	$47,500
Banque d'affaires	22,500	$215,000

Assistance bancaire en ligne et mobile

La banque a déclaré 82 000 utilisateurs de banque numérique actifs en 2023, représentant 60,7% de la clientèle totale. Les transactions bancaires mobiles ont augmenté de 24,3% en glissement annuel.

• Utilisation de la plate-forme bancaire numérique: 82 000 clients
• Taux de téléchargement des applications mobiles: 45 000 utilisateurs mensuels actifs
• Volume de transactions en ligne: 2,3 millions de transactions mensuelles

Gestionnaires de relations dédiés pour les clients commerciaux

FB Financial Corporation emploie 87 gestionnaires de relations commerciales dévouées au service des clients commerciaux avec des revenus annuels entre 1 et 50 millions de dollars.

Segment d'entreprise	Gestionnaires de relations	Portefeuille de clients moyens
Banque commerciale	87	18,5 millions de dollars par manager

Engagement communautaire et compréhension du marché local

La banque a investi 1,2 million de dollars dans des programmes de développement communautaire local en 2023, soutenant 42 initiatives économiques régionales à travers le Tennessee et le Kentucky.

Stratégies de communication client proactives

FB Financial Corporation a mis en œuvre une approche de communication multicanal avec:

• Communication par e-mail à portée de main: 105 000 clients
• Alertes bancaires SMS: 73 000 utilisateurs actifs
• Évaluation de satisfaction du client: 4.3 / 5 sur la base de 12 500 réponses à l'enquête

FB Financial Corporation (FBK) - Modèle d'entreprise: canaux

Réseau de succursale physique

En 2024, FB Financial Corporation exploite 91 emplacements de succursales physiques à travers le Tennessee et le Kentucky.

État	Nombre de branches
Tennessee	68
Kentucky	23

Plateforme bancaire en ligne

La plate-forme bancaire en ligne dessert environ 142 000 utilisateurs numériques actifs au quatrième trimestre 2023.

• Les fonctionnalités de la plate-forme incluent la gestion des comptes
• Services de paiement de factures
• Transferts de fonds
• Historique des transactions

Application bancaire mobile

L'application mobile FB Financial compte 87 500 utilisateurs mensuels actifs en 2024.

Fonctionnalité d'application	Disponibilité
Dépôt de chèques mobiles	Oui
Retraits ATM sans carte	Oui

Centres d'appels de service client

FB Financial conserve deux centres d'appels de service à la clientèle avec 87 représentants à temps plein.

• Temps de réponse moyen de l'appel: 2,3 minutes
• Heures de fonctionnement: 7h00 - 21h00 CST

Canaux de communication numériques

La communication numérique inclut les e-mails, les médias sociaux et le support de chat Web.

Canal	Interactions mensuelles
Assistance par e-mail	4,200
Chat Web	3,750
Enquêtes sur les réseaux sociaux	1,500

FB Financial Corporation (FBK) - Modèle d'entreprise: segments de clientèle

Petites et moyennes entreprises

Depuis le quatrième trimestre 2023, FB Financial Corporation dessert environ 12 487 clients commerciaux de petite à moyenne taille du Tennessee et des États environnants.

Segment d'entreprise	Nombre de clients	Taille moyenne du prêt
Commerces de détail	4,562	$385,000
Fournisseurs de services	3,987	$275,000
Fabrication	2,345	$625,000

Entreprises commerciales locales

FB Financial Corporation soutient 8 213 clients locaux commerciaux avec des solutions bancaires spécialisées.

• Prêts immobiliers commerciaux: 3 456 clients
• Lignes de fonds de roulement: 2 987 clients
• Financement de l'équipement: 1 770 clients

Clients bancaires de détail individuels

Total des clients de la banque de détail individuels: 287 654 au 31 décembre 2023.

Catégorie client	Nombre de clients	Solde moyen du compte
Vérification personnelle	156,987	$12,450
Comptes d'épargne	98,765	$24,750
Comptes d'investissement	31,902	$87,600

Fournisseurs de services professionnels

FB Financial Corporation dessert 5 432 prestataires de services professionnels dans divers secteurs.

• Professionnels de la santé: 1 876 clients
• Services juridiques: 1 245 clients
• Sociétés de conseil: 987 clients
• Professionnels de la technologie: 1 324 clients

Clients bancaires de la communauté régionale

Base de clients bancaires communautaires: 45 678 clients dans 6 États.

État	Nombre de clients bancaires communautaires	Dépôts totaux
Tennessee	24,567	$876,450,000
Kentucky	8,765	$312,600,000
Alabama	5,432	$198,750,000
Autres États	6,914	$245,600,000

FB Financial Corporation (FBK) - Modèle d'entreprise: Structure des coûts

Dépenses de fonctionnement de la succursale

Pour l'exercice 2023, FB Financial Corporation a déclaré des frais d'exploitation totale de 87,3 millions de dollars.

Catégorie de dépenses	Montant ($)
Loyer et occupation	32,500,000
Services publics	6,750,000
Maintenance des succursales	12,600,000
Équipement de succursale	5,450,000

Maintenance des infrastructures technologiques

Les coûts d'infrastructure technologique pour FB Financial Corporation en 2023 ont totalisé 45,6 millions de dollars.

• Maintenance des systèmes informatiques: 18 200 000 $
• Investissements en cybersécurité: 12 500 000 $
• Licence de logiciel: 7 900 000 $
• Services de cloud computing: 7 000 000 $

Compensation et avantages sociaux des employés

Les dépenses totales liées aux employés pour 2023 étaient de 214,7 millions de dollars.

Composant de compensation	Montant ($)
Salaires de base	142,300,000
Bonus de performance	37,600,000
Avantages sociaux	21,500,000
Contributions à la retraite	13,300,000

Coûts de conformité réglementaire

Les dépenses de conformité réglementaire pour FB Financial Corporation en 2023 s'élevaient à 22,9 millions de dollars.

• Personnel juridique et de conformité: 9 700 000 $
• Frais d'audit et de rapport: 6 500 000 $
• Coûts de dépôt réglementaire: 4 200 000 $
• Formation en conformité: 2 500 000 $

Frais de marketing et d'acquisition des clients

Les dépenses de marketing pour 2023 étaient de 41,2 millions de dollars.

Canal de marketing	Montant ($)
Marketing numérique	16,800,000
Publicité traditionnelle	12,500,000
Campagnes d'acquisition de clients	8,700,000
Technologie marketing	3,200,000

FB Financial Corporation (FBK) - Modèle d'entreprise: Strots de revenus

Revenu des intérêts des portefeuilles de prêts

Pour l'exercice 2023, FB Financial Corporation a rapporté 359,4 millions de dollars dans le revenu total des intérêts. La répartition du portefeuille de prêts comprend:

Catégorie de prêt	Revenu total des intérêts
Prêts commerciaux	214,6 millions de dollars
Prêts à la consommation	87,3 millions de dollars
Prêts immobiliers	57,5 millions de dollars

Services bancaires basés sur les frais

Les revenus de service basés sur les frais pour 2023 ont totalisé 87,2 millions de dollars, avec la ventilation du service suivante:

• Frais de maintenance du compte: 32,5 millions de dollars
• Frais de transaction: 24,7 millions de dollars
• Frais de carte ATM et de débit: 18,4 millions de dollars
• Frais de découvert: 11,6 millions de dollars

Services d'investissement et de gestion de la patrimoine

Les revenus du service d'investissement pour 2023 ont atteint 45,6 millions de dollars:

Type de service	Revenu
Frais de gestion des actifs	26,3 millions de dollars
Services de conseil financier	12,8 millions de dollars
Commissions de courtage	6,5 millions de dollars

Revenus de produits hypothécaire et de prêt

Les revenus de produits hypothécaires et de prêt pour 2023 sont équipés de 112,7 millions de dollars:

• Frais d'origine hypothécaire résidentiels: 48,3 millions de dollars
• Frais de prêt commercial: 39,6 millions de dollars
• Frais de service de prêt: 24,8 millions de dollars

Frais de gestion du Trésor

Les revenus du service de gestion du Trésor pour 2023 ont totalisé 24,5 millions de dollars:

Service du Trésor	Revenu
Services de gestion de trésorerie	12,9 millions de dollars
Traitement des paiements	7,6 millions de dollars
Services marchands	4,0 millions de dollars

FB Financial Corporation (FBK) - Canvas Business Model: Value Propositions

You're looking at what FB Financial Corporation (FBK) offers its customers-the core value it brings to the table as of late 2025. It's a blend of old-school community banking feel with the product depth you'd expect from a larger regional player, especially after integrating the Southern States Bancshares, Inc. merger on July 1, 2025.

The foundation of stability is a major draw. You can count on financial security for your funds; as of September 30, 2025, FB Financial Corporation reported total deposits reaching $13.81 billion. This scale, supported by total assets of approximately $16.2 billion at the end of the third quarter of 2025, gives clients confidence. To give you a clearer picture of the balance sheet supporting these value props, here are some key figures from that same period:

Metric	Value as of Q3 2025 (September 30, 2025)
Total Deposits	$13.81 billion
Total Loans Held for Investment (HFI)	$12.30 billion
Noninterest-bearing Deposits	$2.69 billion
Net Interest Margin (NIM)	3.95%
Full-Service Bank Branches	91

For clients seeking local service, FB Financial Corporation operates through its subsidiary, FirstBank, with 91 full-service branches across Tennessee, Kentucky, Alabama, and Georgia. This footprint ensures access to high-growth metropolitan markets, with Nashville, Tennessee, serving as its headquarters. The company is actively managing its footprint and growth, evidenced by its recent systems conversion following the July 2025 merger.

You see a clear push into specialized lending, which is where the sophistication comes in. FB Financial Corporation offers loans specifically for manufactured homes, which are provided without real estate collateral. While I don't have the exact volume for their digital manufactured home loans or the specific Fintech partner they use, the product line itself is a distinct value proposition for that segment of the consumer market.

Also, for your corporate and commercial clients, FB Financial Corporation provides a suite of deposit products. This includes checking, demand, money market, and savings accounts for corporate and commercial customers. The offering is geared toward serving clients who need robust cash management, which certainly includes high-net-worth individuals and businesses looking for competitive yields on their operating cash, though the exact rate structure for a product labeled high-yield commercial checking isn't detailed in the latest reports.

The value proposition is supported by operational efficiency, too. The adjusted core efficiency ratio improved to 53.3% for the third quarter of 2025. That's a tangible benefit derived from scale and management focus.

Here's a quick summary of the service mix you're buying into:

• Community bank service with regional bank product sophistication.
• Access to high-growth metropolitan markets like Nashville.
• Financial security and stability for deposits totaling $13.81 billion as of Q3 2025.
• Specific lending for manufactured homes without real estate.
• Commercial and corporate deposit services, including checking accounts.

Finance: draft 13-week cash view by Friday.

FB Financial Corporation (FBK) - Canvas Business Model: Customer Relationships

You're looking at how FB Financial Corporation (FBK), through its subsidiary FirstBank, maintains its community banking ethos while scaling up, especially after the merger with Southern States Bancshares, Inc. that closed on July 1, 2025. The relationship focus is central to their strategy, which is evident in their operational scale and efficiency.

Dedicated relationship managers for commercial and corporate clients

The commitment to personalized service for commercial and corporate clients is supported by the overall staffing density across their physical footprint. FB Financial Corporation employed $\mathbf{1,490}$ full-time employees as of late 2025. With $\mathbf{93}$ full-service branches across Tennessee, Kentucky, Alabama, and Georgia, this translates to an average of approximately $\mathbf{15.9}$ employees per branch, which helps support the high-touch service model for business clients who rely on dedicated bankers.

Community-focused, high-touch service model in local markets

The high-touch model is the engine driving their balance sheet growth. As of September 30, 2025, FB Financial Corporation reported total deposits of $\mathbf{\$13.81}$ billion and Loans Held for Investment (HFI) of $\mathbf{\$12.30}$ billion. The successful integration following the Southern States merger, which added scale, is framed around maintaining this local focus. The company's core efficiency ratio improved to $\mathbf{53.3\%}$ in the third quarter of 2025, reflecting better operating leverage despite higher expenses related to the integration. This efficiency suggests they are managing the cost of their relationship-heavy model effectively.

Here are the key scale metrics underpinning this relationship strategy as of Q3 2025:

Metric	Amount (as of Sept 30, 2025)
Total Assets	Approximately $\mathbf{\$16.0}$ billion
Total Deposits	$\mathbf{\$13.81}$ billion
Loans Held for Investment (HFI)	$\mathbf{\$12.30}$ billion
Full-Service Branches	$\mathbf{93}$
Total Employees	$\mathbf{1,490}$

Automated self-service via mobile and online banking platforms

FB Financial Corporation operates mobile and online banking platforms to serve customers who prefer digital interaction. While specific adoption rates for FBK customers aren't public, the industry trend shows that a significant majority of consumers prefer managing accounts digitally. The company continues to invest in infrastructure to support these platforms, which is necessary to compete in the modern banking landscape.

Deepening existing relationships through cross-selling products

Deepening relationships is directly linked to growing fee-based revenue streams, which are a key focus area for FB Financial Corporation. Core noninterest income for the third quarter of 2025 was $\mathbf{\$27.3}$ million, an increase from $\mathbf{\$24.0}$ million in the third quarter of 2024. This growth suggests success in cross-selling services beyond core lending and deposit products, such as treasury management, trust, and investment services, which the company views as customer acquisition channels. The Net Interest Margin (NIM) also expanded to $\mathbf{3.95\%}$ in Q3 2025, up from $\mathbf{3.68\%}$ in the prior quarter, partly due to the portfolio mix from the merger.

The focus is on building long-term customer relationships that lead to compounding growth.

FB Financial Corporation (FBK) - Canvas Business Model: Channels

You're looking at how FB Financial Corporation (FBK), through FirstBank, gets its value proposition to the customer base as of late 2025. It's a mix of old-school presence and modern digital reach, which makes sense for a regional player expanding its footprint.

The core physical distribution relies on a network of 93 full-service FirstBank branches. This network is concentrated across the Southeast, specifically in Tennessee, Kentucky, Alabama, and Georgia, following the July 1, 2025, merger with Southern States Bancshares, Inc.. This physical presence is key for relationship banking and deposit gathering, especially in the markets they serve. As of the third quarter of 2025, FB Financial Corporation had approximately $16.2 billion in total assets.

Digital channels are definitely in play, supporting those physical locations. You see the standard Mobile and Online Banking offerings, which are essential for transaction processing and customer convenience in today's environment. These digital tools help manage the customer base that interacts with the $12.30 billion in loans held for investment as of September 30, 2025.

The national mortgage business is a distinct channel, operating with offices across the Southeast, separate from the core branch network. This segment contributes directly to noninterest income. For instance, mortgage banking income for the third quarter of 2025 was $13.5 million. This indicates a significant, non-local revenue stream flowing through this specific channel.

Correspondent lending and investment partner services represent another layer of distribution, likely focused on wholesale or B2B relationships rather than direct consumer interaction at a branch. This channel taps into external networks to originate or service loans. Here's a quick look at how the key segments that utilize these channels performed in Q3 2025:

Channel Metric	Value (as of Q3 2025)	Unit
Full-Service Branches	93	Count
Total Assets	$16.2 billion	Amount
Loans Held for Investment (HFI)	$12.30 billion	Amount
Mortgage Banking Income (Q3 2025)	$13.5 million	Amount

The strategy here seems to be using the branch footprint for local relationship building and deposit funding, while the mortgage operations provide a geographically wider, fee-based revenue stream. You can see the scale of the mortgage operation by looking at the income it generates relative to the total company performance. The use of digital tools is the connective tissue across all these points of contact.

• Physical Footprint: Operates in Tennessee, Kentucky, Alabama, and Georgia.
• Digital Access: Supports Mobile and Online Banking for account management.
• Mortgage Reach: National scope with offices concentrated in the Southeast.
• Partner Services: Engages in correspondent lending activities.

If onboarding new mortgage clients takes longer than expected, the conversion rate definitely drops. Finance: draft 13-week cash view by Friday.

FB Financial Corporation (FBK) - Canvas Business Model: Customer Segments

FB Financial Corporation (FBK) serves a diverse set of clients across its primary geographic footprint of Tennessee, South Central Kentucky, Alabama, and North Georgia.

Retail/Consumer base in Tennessee, Kentucky, Alabama, and Georgia

The retail and consumer segment underpins the balance sheet, which as of the third quarter of 2025, held total deposits of $13.81 billion.

• Total Loans Held for Investment (HFI) reached $12.30 billion on September 30, 2025.
• The bank operates 83 full-service branches across the core states.
• Net Interest Margin (NIM) for Q3 2025 stood at 3.95%.

Small to medium-sized businesses (SMB) and middle-market commercial clients

Commercial activity is a key driver, evidenced by the composition of the balance sheet. Noninterest-bearing deposits, often a proxy for commercial operating cash, were $2.69 billion at the end of the third quarter of 2025.

The first quarter of 2025 saw net increases in loan types relevant to this segment:

• Commercial and industrial loans increased by $91.8 million (net).
• Non-owner occupied commercial real estate loans increased by $54.7 million (net).

Large corporate businesses requiring sophisticated products

These clients are served through the broader commercial banking capabilities, which contributed to the overall loan portfolio size. The successful merger with Southern States Bancshares, Inc. on July 1, 2025, significantly expanded the scale serving these larger entities.

High-net-worth individuals and businesses (via High Circle partnership)

FB Financial Corporation (FBK) supports this niche through its subsidiary FirstBank's partnership with High Circle. This channel targets affluent clients needing specialized cash management solutions. The offering provides access to commercial checking accounts with up to $125 million in FDIC-insured coverage via the Intrafi network.

Here's a quick look at the scale of the business supporting these segments as of the end of Q3 2025:

Metric	Amount (as of September 30, 2025)
Loans Held for Investment (HFI)	$12.30 billion
Total Deposits	$13.81 billion
Noninterest-Bearing Deposits	$2.69 billion
Tangible Book Value per Common Share	$29.83

The High Circle platform offers an attractive annual percentage yield of up to 4.00% on these specialized accounts. The company also announced a $150 million Common Stock Repurchase Authorization in September 2025, indicating confidence in capital deployment relative to its client base size. The third quarter dividend declared was $0.19 per share, which represents an annualized amount of $0.76. This is a defintely important metric for shareholders who are also clients.

FB Financial Corporation (FBK) - Canvas Business Model: Cost Structure

You're looking at the expense side of FB Financial Corporation's business, which is heavily influenced by the recent integration of Southern States Bancshares, Inc., which closed on July 1, 2025. The cost structure reflects the scale of the combined entity.

The cost of funding remains a key area. The total cost of deposits increased slightly to 2.53% during the third quarter of 2025 compared to 2.48% in the second quarter of 2025. This uptick was primarily due to higher-rate deposits acquired in the Southern States merger.

Noninterest expenses saw a notable jump due to the combination. Core noninterest expense for the third quarter of 2025 was reported at $93.5 million, up from $78.5 million in the prior quarter. This increase reflects higher operating costs associated with a larger organization.

A significant, one-time-like cost in the quarter was related to the integration. Merger and integration costs peaked this quarter with the transaction close and conversion, totaling $16.1 million. These costs were largely made up of employee-related payments and vendor payments.

The overall physical footprint now includes 93 full-service bank branches across Tennessee, Kentucky, Alabama, and Georgia, following the merger. The associated occupancy and equipment costs contribute to the overall noninterest expense base.

Here's a quick look at the key Q3 2025 expense and related figures:

Cost Component	Reported Amount/Rate (Q3 2025)
Cost of Deposits	2.53%
Adjusted Core Noninterest Expense	$93.5 million
Merger and Integration Costs	$16.1 million
Total Full-Service Bank Branches	93

Within the noninterest expense, you should note the components driving the costs:

• Personnel and compensation expenses are the largest non-interest cost component.
• The increase in adjusted noninterest expense reflects higher operating costs, including increases in compensation and occupancy expense associated with a larger organization.

Management noted they are on pace to achieve 50% of deal synergies in the second half of 2025.

FB Financial Corporation (FBK) - Canvas Business Model: Revenue Streams

The revenue generation for FB Financial Corporation (FBK) is heavily weighted toward traditional banking activities, as evidenced by the third quarter of 2025 results.

The primary driver is Net Interest Income (NII), which for Q3 2025 stood at $147.2 million. This single component accounted for 84.35% of the total reported revenue for the period. This strong performance was supported by a Net Interest Margin (NIM) that expanded to 3.95% on a tax-equivalent basis for Q3 2025, up from 3.68% in the previous quarter.

The secondary, yet significant, revenue source is Noninterest income (Core), reported as an adjusted $27.3 million for the same quarter. This figure, when combined with the NII, aligns closely with the reported total revenue of $173.88 million for Q3 2025.

Here is a summary of the key revenue components for FB Financial Corporation (FBK) in Q3 2025:

Revenue Component	Amount (Q3 2025)	Notes
Net Interest Income (NII)	$147.2 million	Represents 84.35% of total revenue
Noninterest Income (Core, Adjusted)	$27.3 million	Implied component of total revenue
Mortgage Banking Income	$13.5 million	Specific component of Noninterest Income
Total Revenue (Reported)	$173.88 million	Reported revenue for Q3 2025

You can see the impact of the Southern States Bancshares, Inc. merger, which closed on July 1, 2025, as the Q3 2025 NII of $147.2 million was a 38.9% increase from the same quarter last year.

The remaining revenue streams, which fall under the Noninterest Income category, are derived from various fee-based services and portfolio activities. These include:

• Mortgage banking income, which was $13.5 million in Q3 2025, up from $13.0 million in the prior quarter.
• Service charges.
• Interchange fees.
• Investment services fees.
• Interest and fees from commercial and consumer loan portfolios, which contribute to the overall interest income base. The total bank interest income for the period ending September 30, 2025, was $236.898M.

The company is focused on driving profitability through margin expansion and synergy realization from the recent acquisition. Finance: draft 13-week cash view by Friday.