FB Financial Reports Strong Deposit Growth and Strategic Lending Initiatives in Q3 Earnings Call
On its third-quarter 2026 earnings call on October 13, FB Financial reported annualized customer deposit growth of 11%, driven by organic balance sheet expansion. The bank reduced reliance on high-cost wholesale borrowing while expanding core deposits and commercial relationships across its footprint. FB Financial is leveraging mortgage originations as a strategic tool to secure primary banking relationships rather than focusing solely on short-term gains from sales fees. Additionally, the company maintains 61% of its investment portfolio in floating-rate assets to protect against interest rate volatility and support opportunistic lending. Looking ahead, management expressed confidence in strong commercial borrowing pipelines across Southeastern markets and emphasized disciplined loan pricing and talent development as key growth drivers through changing credit cycles.
Tickers: $FBK
Topics: deposits earnings interest rate risk mortgage lending