FB Financial Corporation

Good morning and welcome to the FB Financial Corporation third quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. Following the prepared remarks, we will open the call for questions. Please also note today's event is being recorded. At this time, I'd like to turn the floor over to Rachel Doreske, Financial Management Associate for FB Financial. Please go ahead.

Thank you and good morning, everyone. We appreciate you joining us today for FB Financial Corporation's third quarter 2026 earnings conference call. Joining me on the call this morning is Chris Holmes, President and Chief Executive Officer, and Michael Mettee, Chief Financial and Operating Officer. Before we begin, I'd like to remind listeners that during today's call, management may make forward-looking statements regarding the company's plans, expectations, and outlook. These statements are subject to risks and uncertainties, and actual results may differ materially from those discussed. Additional information regarding these risks and uncertainties, including risk factors that could cause actual results to differ, can be found in our earnings release, our most recent annual report on Forum 10-K, and our subsequent filings with the Securities and Exchange Commission. FB Financial undertakes no obligation to update any forward-looking statements except as required by law. In addition, today's discussion may include references to certain non-GAAP financial measures. Reconciliations of these measures to the most directly comparable gap measures are available on our third quarter 2026 financial supplement posted to the investor relations section of our website at www.investors.firstbankonline.com and on the SEC's website at www.sec.gov. With that, I'll turn the call over to Mr. Chris Holmes.

All right. Thank you, Rachel, and good morning. We appreciate you joining us today and your continued interest in F&B Financial. We reported EPS of $1.20 and adjusted EPS of $1.21 and grown our tangible book value per share excluding the impact of AOCI at a compounded annual growth rate of 11.3% since our IPO. Our net income was $60.2 million or $60.9 million on an adjusted basis. and our returns remained healthy with return on average tangible common equity of 15.2% or 15.7% on an adjusted basis. This quarter's performance was highlighted by strong growth in both loans and deposits, solid profitability and stable credit quality. We grew loans at an annualized rate of 9.7%, which is at the very high end of our forecasted range of mid to high single digits. Our deposit growth rate was 8.8%, which included a decline in broker deposits. We actually grew our customer deposits at an annualized rate of 11.2%, and the broker deposit decline brought that net growth rate down to 8.8%. Growth in both loans and deposits was fueled by our commercial and consumer businesses, which reflects our continued success in attracting new customer relationships across business units. Given the size and scale of our balance sheet today at approximately $17 billion in total assets, growth levels are notable and represent continued meaningful expansion of our business. As I reflect on the third quarter, what stands out is the consistency of execution and the continued momentum in our business. We see healthy activity levels across our markets, strong pipelines, and meaningful opportunities to deepen existing relationships while adding new customers. Our quality execution across the franchise remains a defining characteristic of our organization, and we continue to invest in people, process improvement, and technology that drives long-term growth. That investment includes adding great people to our organization, but also involves developing talented associates already within First Bank and creating opportunities for them to grow and lead. What differentiates First Bank What differentiates First Bank is the combination of an award-winning client service, which, by the way, is certified by J.D. Power as the highest level of customer satisfaction in our region, engaged and talented associates, which we use a third-party Willis Tire Watson to track for us, and a relationship-focused business model. When these execution strengths combined with Attractive Markets, we get strong growth and profitability, and you see that in our results. While our core operating performance remained strong during the quarter, there were a couple of items of impact that should be noted. Specifically, our mortgage banking segment faced headwinds with the sharp rise in interest rates in the back half of the quarter, and we also recognized An interest income reversal on a loan that was moved to non-accrual in the quarter. And we'll let Michael touch on the specifics of both mortgage and the non-accrual loan. But I will say that the credit is being managed by our special assets team, which continues to work constructively with the borrower. We're working together on that to achieve the best possible outcome. And we believe the credit has relatively low, if any, loss content. Overall, credit trends across the loan portfolio remain stable. We continue to feel good about the quality of our portfolio and the underlying risk of our company. Looking ahead, we remain optimistic about the opportunities in front of us. The operating environment for banks remains favorable, customer activity remains healthy, and our markets continue to benefit from strong economic fundamentals. While there are always factors outside of our control, including interest rate volatility and broader macroeconomic developments, the underlying drivers of economic activity throughout our footprint remain constructive. Employment trends remain healthy. Commercial activity remains solid. We believe our markets across the southeast remain positioned to outperform many areas of the country. We see meaningful opportunities for profitable growth and remain confident in our ability to deliver mid to high single-digit balance sheet growth while maintaining a disciplined approach to risk and capital management. With that, I'm going to turn the call over to our Chief Financial and Operating Officer, Michael Mettee, for some additional color on the forum.