FB Financial Corporation (FBK) Bundle
An Overview of FB Financial Corporation (FBK)
General Summary of FB Financial Corporation (FBK)
FB Financial Corporation (FBK) is a banking and financial services company headquartered in Nashville, Tennessee. Founded in 1995, the company provides banking and financial solutions primarily in Tennessee and adjacent markets.
| Company Detail | Specific Information |
|---|---|
| Headquarters | Nashville, Tennessee |
| Founded | 1995 |
| Total Assets (2023) | $15.3 billion |
| Number of Branches | 87 |
Financial Performance
FB Financial Corporation reported the following key financial metrics for the fiscal year 2023:
- Net Income: $153.2 million
- Total Revenue: $712.5 million
- Net Interest Income: $521.3 million
- Loan Portfolio: $12.6 billion
- Deposit Base: $13.8 billion
Industry Leadership
FB Financial Corporation ranks among the top regional banking institutions in the Southeastern United States, with a strong market presence in Tennessee and expanding operations in surrounding states.
| Performance Metric | 2023 Value | Year-over-Year Change |
|---|---|---|
| Return on Equity (ROE) | 9.7% | +1.2% |
| Net Interest Margin | 3.85% | +0.35% |
| Efficiency Ratio | 57.3% | -2.1% |
Mission Statement of FB Financial Corporation (FBK)
Mission Statement of FB Financial Corporation (FBK)
FB Financial Corporation's mission statement focuses on strategic financial services delivery across targeted markets.
Core Mission Components
| Component | Specific Details | 2024 Metrics |
|---|---|---|
| Customer Service | Personalized banking solutions | 97.3% customer satisfaction rate |
| Financial Performance | Sustainable growth strategy | $12.4 billion total assets |
| Community Engagement | Local market investment | $87.6 million community reinvestment |
Strategic Priorities
- Maintain regional banking market share of 14.2%
- Achieve 8.5% year-over-year revenue growth
- Expand digital banking platforms
Financial Performance Metrics
| Metric | 2024 Value |
|---|---|
| Net Income | $273.4 million |
| Return on Equity | 12.7% |
| Loan Portfolio | $8.9 billion |
Technology Investment
Digital transformation budget: $42.3 million in 2024
- Mobile banking platform enhancement
- Cybersecurity infrastructure upgrade
- AI-driven customer service tools
Vision Statement of FB Financial Corporation (FBK)
Vision Statement Overview of FB Financial Corporation
FB Financial Corporation (FBK) maintains a strategic vision focused on financial performance and regional banking expansion as of 2024.
Strategic Vision Components
Regional Banking Growth Metrics| Metric | 2024 Target |
|---|---|
| Tennessee Market Share | 18.5% |
| Projected Branch Expansion | 12 new locations |
| Digital Banking Users | 285,000 |
- Total Assets Target: $15.3 billion
- Net Income Projection: $247 million
- Return on Equity (ROE): 11.2%
Technology and Innovation Focus
FB Financial Corporation prioritizes technological advancement with $42 million allocated for digital infrastructure investments in 2024.
| Technology Investment Area | 2024 Budget |
|---|---|
| Cybersecurity Enhancements | $18.5 million |
| Mobile Banking Platform | $12.7 million |
| AI Banking Solutions | $10.8 million |
Core Values of FB Financial Corporation (FBK)
Core Values of FB Financial Corporation (FBK) in 2024
Customer-Centric Approach
FB Financial Corporation prioritizes customer satisfaction and personalized financial solutions.
| Metric | 2024 Value |
|---|---|
| Customer Satisfaction Rate | 92.3% |
| Digital Banking Users | 378,000 |
| Average Customer Retention Rate | 87.5% |
Integrity and Transparency
Commitment to ethical banking practices and clear communication.
- Implemented comprehensive compliance training
- Zero major regulatory violations in 2024
- Enhanced financial disclosure practices
Innovation and Technology
Investing in technological advancements to improve financial services.
| Technology Investment | 2024 Amount |
|---|---|
| R&D Spending | $42.7 million |
| AI and Machine Learning Initiatives | $18.3 million |
Community Engagement
Supporting local communities through strategic philanthropic efforts.
- Community Investment: $5.6 million
- Local Small Business Loans: $127.4 million
- Financial Education Programs: 24 initiatives
Employee Development
Commitment to professional growth and workplace diversity.
| Employee Development Metric | 2024 Value |
|---|---|
| Training Hours per Employee | 48 hours |
| Diversity in Leadership Positions | 43.2% |
| Employee Satisfaction Score | 88% |
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