FB Financial Corp

How Do They Make Money?

revenue

Segment	Share	Revenue
Banking	99% FY2022: 98%
Mortgage	0.6% FY2022: 2.3%

Yes. It kept 15 cents of every revenue dollar as net income in FY2025 and turned 18 cents into free cash flow.

Net income, FY2025

15% of revenue

▲ +6% vs FY2024 ($116M, 16%)

Free cash flow, FY2025

18% of revenue

▲ +11% vs FY2024 ($132.3M, 18%)

Since the FY2025 annual report

Latest quarter: Q2 FY2026, the three months to Jun 30, 2026

Banking share of revenue vs 99.4% in Q2 FY2025

Growing. Revenue grew 2.2x in 4 years, from $385M in FY2021 to $833.9M in FY2025, about 21% a year.

Revenue over time

Banking Mortgage

$1B$500M$0

FY2022 FY2023 FY2024 FY2025

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