FB Financial Corp

City Holding reported second-quarter revenue of $81.73 million, up 3.8% year over year and 1.3% above analyst expectations, while its stock has risen 5.9% since the report to $142.92. Among the 95 regional banks tracked, OFG Bancorp was the best performer with revenue of $190.3 million, up 4.4% and beating estimates by 3.9%, while Banc of California was the weakest with revenue of $285.7 million, up 4.7% but missing estimates by 3.1% and seeing its stock fall 10.4% to $18.98. Wintrust Financial reported revenue of $739.5 million, up 9.9% and in line with expectations, but its stock is down 6.3% to $153.43, and FB Financial reported revenue of $175.9 million, up 27.5% but 0.7% below estimates, with its stock up 5.2% to $59.50.

FB Financial reported strong second quarter 2026 results, with sharp year-over-year gains in net income and net interest income, alongside active share repurchases. The stock has returned 9.65% over the past 30 days and 24.34% over one year. A widely followed narrative estimates a fair value of $64.43 per share, implying the stock is undervalued relative to its latest close of $58.97, based on a 7.11% discount rate. That narrative assumes faster revenue growth, wider margins, and a leaner share count, partly driven by the planned combination with Southern States Bank, which is expected to enhance scale and market opportunities. However, a more cautious view notes that FB Financial trades at a P/E of 15x versus a fair ratio of 14.4x, while the US Banks industry average is 12.2x and peers trade at 16.2x, raising questions about valuation risk.

Several major financial firms reported second-quarter 2026 results that exceeded analyst expectations. FB Financial Corporation posted revenues of $174.75 million, surpassing the Zacks Consensus Estimate by 0.48%. Bank of America Corporation earned $1.21 per share, beating the consensus estimate of $1.13 per share. JPMorgan Chase & Co. reported earnings of $6.14 per share, topping the estimate of $5.59 per share. The Goldman Sachs Group, Inc. delivered earnings of $20.98 per share, far above the consensus estimate of $14.47 per share.

FB Financial Corp reported a sharp increase in second-quarter profit, with earnings reaching $58.65 million, or $1.13 per share, compared with $2.91 million, or $0.06 per share, in the same period last year. Excluding items, adjusted earnings were $58.90 million, or $1.14 per share. Revenue rose 33.7% to $148.97 million from $111.41 million a year earlier.