FB Financial falls 4.2% after quarterly results show revenue miss and margin compression

What happened

FB Financial (FBK) fell 4.2% on October 13, 2026, after the bank reported third-quarter results that matched EPS expectations but missed on revenue and showed net interest margin compression amid rising deposit costs. The stock opened 2.7% below the previous close and closed at $50.72, with trading volume 2.2 times its 20-day average while the S&P 500 was unchanged on the day. FB Financial reported third-quarter adjusted net income of $60.9 million, or $1.21 per diluted common share, and said both loans and deposits continued to increase across its commercial and consumer lines of business.

How big was the move

The one-day decline was 3.5 times a typical daily move for this stock and 4.0 percentage points worse than the Financial Services sector median on the day, which fell 0.2%. Over the last five sessions the stock fell 3.7% while the S&P 500 fell 0.2% over the same period. Volume at 2.2 times its 20-day average underscored that this was a high-interest session. Market value was $2.71 billion at the close.

The technical picture

The stock traded below its key moving averages: 3.8% below its 20-day moving average, 9.7% below its 50-day moving average and 8.9% below its 200-day moving average. The 50-day average remained above the 200-day average, a sign of an established uptrend despite recent weakness. The Relative Strength Index (14 days) stood at 31, inside the 30 to 70 neutral range. The shares were 19.1% below the 52-week high and have fallen 8.0% over one month and 14.0% over three months. Volatility was 19% annualized over 60 days, lower than 99% of its own readings over five years.

Fundamentals and valuation

For the four quarters through September 30, 2026, FB Financial reported revenue of $1.03 billion, which grew 25.1% from a year earlier. Diluted earnings per share for that period were $4.51, with earnings per share rising 110.5% from a year earlier. Gross margin widened to 66.3% from 56.4% a year earlier, and operating margin improved to 28.5% from 14.4% a year earlier. The company said net interest margin compressed to 3.83% amid rising deposit costs.

Return on invested capital was 1.2% and the company reduced its share count by 6.8% over one year. On valuation, the stock traded at 11.2 times trailing earnings and 10.8 times expected forward earnings. The price to trailing earnings was lower than 86% of its own readings over the past five years, with a five-year median of 14.8 times earnings. PromtFinance scores placed FB Financial high on Value at 89 (Strong) and Positive on Growth at 67, while Momentum was 18 (Very weak) and Stability was 34 (Weak). The report and commentary were distributed by Business Wire.

Earnings and analyst expectations

FB Financial reported on October 13, 2026, with earnings per share of $1.21 against $1.21 expected, 0.0% above estimates; adjusted net income for the quarter was $60.9 million, or $1.21 per diluted common share. The company has had zero consecutive quarters beating estimates, and its average surprise over the last four reports was 0.4% above estimates. Typical two-day reactions after recent reports had seen the stock rise 1.6%, but this session’s reaction was downward because of the revenue miss and margin pressure. The next report is scheduled for January 20, 2027.

Analysts show a consensus rating of Buy, with 67% of the 15 analysts assigning Buy or higher ratings. The consensus price target was $64.00, which was 26.2% above the closing price on October 13, 2026.

What to watch

• January 20, 2027: next scheduled earnings report.
• Net interest margin reported at 3.83% in the third quarter, tied to rising deposit costs.
• Revenue for the four quarters through September 30, 2026: $1.03 billion, grew 25.1% year over year.
• Price to trailing earnings: 11.2 times trailing earnings; five-year median: 14.8 times earnings.
• Similar sessions in the past five years: 29 sessions with a decline of at least 4.2%; twenty trading days later the median result was a gain of 0.8%, and 15 of 29 were higher.