FB Financial Corp (NYSE: FBK)

FB Financial Corp, also known as FBK, is a bank holding company headquartered in Nashville, Tennessee. The company operates through its wholly-owned subsidiary, FirstBank, providing a comprehensive suite of commercial and consumer banking services to clients in select markets primarily in Tennessee, Kentucky, Alabama, and North Georgia.

FB Financial's main business activities involve the provision of a wide range of commercial and consumer banking services. These include deposit accounts, loans, mortgage banking services, and treasury management services. The company's operations span across various regions, with a significant focus on the southeastern part of the United States.

The company generates revenue primarily through its banking operations. Its primary products and services include commercial and consumer loans, deposit accounts, mortgage banking services, and treasury management services. The customer base is diverse, consisting of retail and wealth consumers, small businesses, and corporate clients and owners.

FB Financial operates in a competitive banking industry, with a market share of 4.4% in Tennessee as of June 30, 2023. The company competes with national and regional banks, as well as community banks, for market share and customer deposits. However, FB Financial believes that its community banking approach, which emphasizes personalized relationship-based service, provides a competitive advantage in its markets.

FB Financial's commercial banking segment provides a range of services to small and medium-sized businesses, including deposit accounts, loans, and cash management services. The consumer banking segment offers a range of services to individual consumers, while the mortgage banking segment provides mortgage lending services to individuals and families. The treasury management segment offers cash management and investment services to businesses and individuals.

In terms of credit risk management, FB Financial employs consistent analysis and underwriting to examine credit information and prepare underwriting documentation. The company monitors and approves exceptions to its credit policies as required, and tracks and addresses technical exceptions.

FB Financial's board of directors, through its Risk Committee, is ultimately responsible for overseeing risk management of the company. The company's Chief Risk Officer oversees the overall management of its risk management program and reports to the Chief Executive Officer.

FB Financial's customers include a diverse range of individuals and businesses, including retail and wealth consumers, small businesses, and corporate clients and owners. The company's customer base is concentrated in its core markets of Tennessee, Kentucky, Alabama, and North Georgia.

The brand names and/or trade names of its products and services include FirstBank, which is the primary brand under which the company operates. Other product names include deposit accounts, loans, mortgage banking services, and treasury management services, although specific product names are not provided in the document.