fbk-20251014

FB Financial Corporation Reports Third Quarter 2025 Financial Results

Reports Q3 Diluted EPS of $0.43, Adjusted Diluted EPS* of $1.07

NASHVILLE, TENNESSEE—October 14, 2025—FB Financial Corporation (the “Company”) (NYSE: FBK), parent company of FirstBank, reported net income of $23.4 million, or $0.43 per diluted common share, for the third quarter of 2025, compared to $0.06 in the previous quarter and $0.22 in the third quarter of last year. Adjusted net income* was $57.6 million, or $1.07 per diluted common share, compared to $0.88 in the previous quarter and $0.86 in the third quarter of last year. The Company reported adjusted pre-tax, pre-provision net revenue* of $81.0 million for the third quarter of 2025, reflecting increases of 38.1% and 50.6% from $58.6 million and $53.8 million in the previous quarter and third quarter of last year, respectively.

The Company ended the third quarter of 2025 with loans held for investment (“HFI”) of $12.30 billion compared to $9.87 billion at the end of the previous quarter and $9.48 billion at the end of the third quarter of last year. Deposits were $13.81 billion as of September 30, 2025, compared to $11.40 billion as of June 30, 2025, and $10.98 billion as of September 30, 2024. The main driver of the increases in both loans HFI and deposits stemmed from the merger with Southern States Bancshares, Inc. (“Southern States”) which closed on July 1, 2025. Net interest margin (“NIM”) was 3.95% for the third quarter of 2025, compared to 3.68% in the prior quarter and 3.55% in the third quarter of 2024. The Company ended the quarter with book value per common share of $37.00 and tangible book value per common share* of $29.83.

President and Chief Executive Officer, Christopher T. Holmes stated, “The Company has aggressive goals in both growth and profitability, and when we assess the year-to-date, I’m proud to say we've delivered. We’ve taken deliberate steps to align and optimize both sides of the balance sheet, establishing a strong foundation for future growth and driving a healthy margin. Additionally, the successful close and conversion of our combination with Southern States marks a significant milestone for our Company. Our team remains focused on disciplined capital management and investing in our future, all with the goal of delivering top-tier returns. As we look ahead to the fourth quarter, we see continuing opportunity to build on this momentum and further elevate the value we provide to our customers and shareholders.”


										Annualized
(dollars in thousands, except share data)	Sep 2025			Jun 2025			Sep 2024			Sep 25 / Jun 25 % Change		Sep 25 / Sep 24 % Change
Balance Sheet Highlights
Investment securities, at fair value	$	1,428,401		$	1,337,565		$	1,567,922		26.9	%	(8.90)	%
Loans held for sale	167,449			144,212			103,145			63.9	%	62.3	%

Loans HFI	12,297,600			9,874,282			9,478,129			97.4	%	29.7	%

Allowance for credit losses on loans HFI	(184,993)			(148,948)			(156,260)			96.0	%	18.4	%
Total assets	16,236,459			13,354,238			12,920,222			85.6	%	25.7	%

Interest-bearing deposits (non-brokered)	10,634,555			8,692,848			8,230,867			88.6	%	29.2	%
Brokered deposits	487,765			518,719			519,200			(23.7)	%	(6.05)	%
Noninterest-bearing deposits	2,690,635			2,191,903			2,226,144			90.3	%	20.9	%



Total deposits	13,812,955			11,403,470			10,976,211			83.8	%	25.8	%

Borrowings	213,638			164,485			182,107			118.6	%	17.3	%
Allowance for credit losses on unfunded commitments	17,392			12,932			6,042			136.8	%	187.9	%
Total common shareholders’ equity	1,978,043			1,611,130			1,562,329			90.4	%	26.6	%
Book value per common share	$	37.00		$	35.17		$	33.48		20.6	%	10.5	%
Tangible book value per common share*	$	29.83		$	29.78		$	28.15		0.67	%	5.97	%

Total common shareholders’ equity to total assets	12.2		%	12.1		%	12.1		%
Tangible common equity to tangible assets*	10.1		%	10.4		%	10.4		%

*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s Third Quarter 2025 Financial Supplement.

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FB Financial Corporation

Third Quarter 2025 Results

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	Three Months Ended
(dollars in thousands, except share data)	Sep 2025			Jun 2025			Sep 2024
Statement of Income Highlights
Net interest income	$	147,240		$	111,415		$	106,017
NIM	3.95		%	3.68		%	3.55		%



Noninterest income (loss)	$	26,635		$	(34,552)		$	(16,497)

Gain (loss) from securities, net	$	12		$	(60,549)		$	(40,165)
(Loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	$	(646)		$	236		$	(289)

Total revenue	$	173,875		$	76,863		$	89,520
Noninterest expense	$	109,856		$	81,261		$	76,212



Loss on lease terminations and other branch closure costs	$	270		$	—		$	—

Merger and integration costs	$	16,057		$	401		$	—
Efficiency ratio	63.2		%	105.7		%	85.1		%
Core efficiency ratio*	53.3		%	56.9		%	58.4		%





Pre-tax, pre-provision net revenue	$	64,019		$	(4,398)		$	13,308
Adjusted pre-tax, pre-provision net revenue*	$	80,980		$	58,649		$	53,762
Provisions for credit losses	$	34,417		$	5,337		$	1,914
Net charge-offs ratio	0.05		%	0.02		%	0.03		%
Net income applicable to FB Financial Corporation	$	23,375		$	2,909		$	10,220
Diluted earnings per common share	$	0.43		$	0.06		$	0.22
Effective tax rate(a)	21.0		%	130.0		%	10.3		%
Adjusted net income*	$	57,606		$	40,821		$	40,132
Adjusted diluted earnings per common share*	$	1.07		$	0.88		$	0.86


Weighted average number of shares outstanding - fully diluted	53,957,062			46,179,090			46,803,330

Returns on average:

Return on average total assets (“ROAA”)	0.58		%	0.09		%	0.32		%
Adjusted*	1.43		%	1.26		%	1.25		%
Return on average shareholders’ equity	4.69		%	0.74		%	2.67		%

Return on average tangible common equity (“ROATCE”)*	5.82		%	0.87		%	3.19		%
Adjusted*	14.7		%	12.4		%	12.7		%




*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s Third Quarter 2025 Financial Supplement.
(a) The effective tax rate for the three months ended June 30, 2025, reflects a $60.5 million loss on sale of securities and $10.7 million in one-time income tax benefit due to the expiration of the statute of limitations with respect to an amended income tax return and the associated interest.

Balance Sheet and Net Interest Margin

The Company reported loans HFI of $12.30 billion at the end of the third quarter of 2025, compared to $9.87 billion at the end of the prior quarter. Excluding acquired loans, loans HFI increased by $156.8 million from the second quarter to the third quarter, or 5.12% annualized.

The Company reported total deposits of $13.81 billion at the end of the third quarter compared to $11.40 billion at the end of the second quarter. Excluding acquired deposits, deposits decreased by $59.0 million during the quarter, or 1.69% annualized. Total cost of deposits increased slightly to 2.53% during the third quarter compared to 2.48% in the second quarter of 2025. The increase in cost was primarily due to higher-rate deposits acquired in the Southern States merger. Noninterest-bearing deposits were $2.69 billion at the end of the quarter compared to $2.19 billion at the end of the second quarter of 2025.

The Company reported net interest income on a tax-equivalent basis in the third quarter of 2025 of $148.1 million compared to $112.2 million in the prior quarter. NIM increased to 3.95% for the third quarter of 2025 from 3.68% for the previous quarter. NIM improvement was driven by an increase in yields on earning assets of 36 basis points and slightly offset by an increase in rates paid on interest-bearing liabilities of 8 basis points. Net accretion from purchase accounting adjustments increased margin by 19 basis points in the third quarter of 2025. This net accretion impact reflects $7.0 million in interest income from accretion on loans HFI and $0.8 million in interest expense from amortization on deposits and debt. NIM saw an incrementally positive impact from the September redemption of subordinated and trust preferred debt, with full benefits expected in the fourth quarter.

The contractual yield on loans HFI increased to 6.45% from 6.34% in the second quarter of 2025 and the cost of interest-bearing deposits increased to 3.16% from 3.10% in the previous quarter.

Holmes continued, “In the third quarter, we saw meaningful margin improvement driven by several strategic actions, most notably the combination of balance sheets from our merger, investment portfolio restructuring in the previous quarter, debt redemption and disciplined management of deposit costs. Loan growth came in within our targeted range, even after a busy

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FB Financial Corporation

Third Quarter 2025 Results

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quarter bringing FirstBank and Southern States together into one organization. Our continued focus remains on building strong, lasting customer relationships that lead to compounding growth and long-term financial success.”

Noninterest Income

Core noninterest income* was $27.3 million for the third quarter of 2025, compared to $25.8 million and $24.0 million for the prior quarter and third quarter of 2024, respectively.

Mortgage banking income was $13.5 million in the third quarter of 2025, compared to $13.0 million in the prior quarter and $11.6 million in the third quarter of 2024.

Noninterest Expense

Core noninterest expense* during the third quarter of 2025 was $93.5 million compared to $78.5 million for the prior quarter and $76.2 million for the third quarter of 2024. The increase primarily reflects higher operating costs following the Southern States combination, including increases in compensation and occupancy expense associated with a larger organization. During the third quarter of 2025, the Company’s core efficiency ratio*1 was 53.3%, compared to 56.9% in the previous quarter and 58.4% in the third quarter of 2024. These improvements reflect additional operating leverage despite higher expenses.

Chief Financial Officer Michael Mettee commented, “We’re continuing to build scale and improve profitability, boosted by the strategic combination with Southern States and disciplined operational management. We've built a solid foundation, and we expect to carry momentum into the fourth quarter and beyond with a focus on driving performance and delivering results.”

Credit Quality

In the third quarter, the Company recorded a total provision for credit losses of $34.5 million, including $30.0 million related to loans HFI and $4.5 million associated with unfunded loan commitments. Of the total provision expense, $25.1 million was attributable to the day one allowance on non-PCD loans and $3.2 million to the day one reserve on unfunded commitments acquired through the Southern States combination. At the end of the third quarter of 2025, the Company had an allowance for credit losses on loans HFI of $185.0 million, representing 1.50% of loans HFI compared to $148.9 million, or 1.51% of loans HFI, at the end of the prior quarter.

The Company had net charge-offs of $1.4 million in the third quarter of 2025, representing annualized net charge-offs of 0.05% of average loans HFI, compared to 0.02% in the prior quarter and 0.03% in the third quarter of 2024.

The Company’s nonperforming loans HFI as a percentage of total loans HFI decreased to 0.94% as of the end of the third quarter of 2025, compared to 0.97% in the prior quarter and 0.96% in the third quarter of 2024. Nonperforming assets as a percentage of total assets decreased to 0.89% as of the end of the third quarter of 2025, compared to 0.92% at the end of the prior quarter and 0.99% as of the end of the third quarter of 2024.

Holmes commented, “Credit quality remained stable throughout the quarter, with charge-offs continuing to be minimal. We’ve maintained appropriate reserves ensuring we’re well-positioned should economic conditions begin to shift. Our approach remains grounded in sound risk management and a commitment to long-term resilience.”

Capital

The Company maintained its strong capital position in the third quarter, resulting in a preliminary total risk-based capital ratio of 13.5%, preliminary common equity tier 1 ratio of 11.7% and tangible common equity to tangible assets ratio* of 10.1%. The Company repurchased 493,243 shares during the quarter.

Holmes continued, “Maintaining a strong capital position is essential to achieving our long-term objectives. We continue to build capital deliberately, so when the right opportunities present themselves, we’re ready to act decisively.”

Summary

Holmes finalized, “The Company is operating from a position of strength. Our merger with Southern States has progressed smoothly, but our work doesn’t stop there; we remain focused on serving customers and building new relationships. We are committed to excellence in everything we do, leading with the customer experience and driving strong returns for our shareholders.”

*Non-GAAP financial measure;1A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s Third Quarter 2025 Financial Supplement.

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FB Financial Corporation

Third Quarter 2025 Results

Page 4

WEBCAST AND CONFERENCE CALL INFORMATION

FB Financial Corporation will host a conference call to discuss the Company’s financial results on October 14, 2025, at 8:00 a.m. (Central Time). To listen to the call, participants should dial 1-877-883-0383 (confirmation code 2084562) approximately 10 minutes prior to the call. A telephonic replay will be available approximately two hours after the call through October 21, 2025, by dialing 1-877-344-7529 and entering confirmation code 7700249.

A live online broadcast of the Company’s quarterly conference call will be available online at https://event.choruscall.com/mediaframe/webcast.html?webcastid=Wck8WzHP. An online replay will be available on the Company’s website approximately two hours after the conclusion of the call and will remain available for 12 months.

ABOUT FB FINANCIAL CORPORATION

FB Financial Corporation (NYSE: FBK) is a financial holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, in Tennessee, Kentucky, Alabama, and Georgia. FB Financial Corporation has approximately $16.2 billion in total assets and operates 91 full-service bank branches across its footprint.


MEDIA CONTACT:						FINANCIAL CONTACT:

Keith Hancock						Michael Mettee
404-310-2368						615-435-0952
[email protected]						[email protected]
www.firstbankonline.com						[email protected]

SUPPLEMENTAL FINANCIAL INFORMATION AND EARNINGS PRESENTATION

Investors are encouraged to review this Earnings Release in conjunction with the Third Quarter 2025 Financial Supplement and Earnings Presentation posted on the Company’s website, which can be found at https://investors.firstbankonline.com. This Earnings Release, the Third Quarter 2025 Financial Supplement and the Earnings Presentation are also included with a Current Report on Form 8-K that the Company furnished to the U.S. Securities and Exchange Commission (“SEC”) on October 14, 2025.

FORWARD-LOOKING STATEMENTS

Certain statements contained in this Earnings Release that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company’s future plans, results, strategies, and expectations, including expectations around changing economic markets and statements regarding the merger of Southern States Bancshares, Inc. (“Southern States”) with the Company (the “Merger”) and expectations with regard to the benefits of the Merger. These statements can generally be identified by the use of the words and phrases “may,” “will,” “should,” “could,” “would,” “goal,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target,” “aim,” “predict,” “continue,” “seek,” and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management’s current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on the Company’s business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) risks associated with the Merger, including (a) the risk that the cost savings and any revenue synergies from the Merger is less than or different from expectations, (b) disruption from the Merger with customer, supplier, or employee relationships,(c) the possibility that the costs, fees, expenses and charges related to the Merger may be greater than anticipated, including as a result of unexpected or unknown factors, events, or liabilities, (d) the risks related to the integration of the combined businesses, including the risk that the integration will be materially delayed or will be more costly or difficult than expected, (e) the diversion of management time on merger-related issues, (f) the ability of the Company to effectively manage the

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FB Financial Corporation

Third Quarter 2025 Results

Page 5

larger and more complex operations of the combined company following the Merger, (g) the risk of expansion into new geographic or product markets, (h) reputational risk and the reaction of the parties’ customers to the Merger, (i) the Company’s ability to successfully execute its various business strategies, including its ability to execute on potential acquisition opportunities, and (j) the risk of potential litigation or regulatory action related to the Merger, (7) the Company’s ability to identify potential candidates for, consummate, and achieve synergies from, other potential future acquisitions, (8) the Company’s ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss, (9) the Company’s ability to successfully execute its various business strategies, (10) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (11) the effectiveness of the Company’s controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (12) the Company’s dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (13) the impact, extent and timing of technological changes, (14) concentrations of credit or deposit exposure, (15) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (16) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (17) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward-looking statements contained herein can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in any of the Company’s subsequent filings with the SEC. Many of these factors are beyond the Company’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this Earnings Release, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company.

The Company qualifies all forward-looking statements by these cautionary statements.

GAAP RECONCILIATION AND USE OF NON-GAAP FINANCIAL MEASURES

This Earnings Release contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated core revenue, consolidated core and segment noninterest expense and consolidated core noninterest income, consolidated core efficiency ratio (tax-equivalent basis), and adjusted return on average assets and equity. Each of these non-GAAP metrics excludes certain income and expense items that the Company’s management considers to be non-core/adjusted in nature. The Company refers to these non-GAAP measures as adjusted (or core) measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles.

The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-core gains and charges in the current and prior periods. The Company’s management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company’s underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company’s results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures.

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FB Financial Corporation

Third Quarter 2025 Results

Page 6

A reconciliation of these measures to the most directly comparable GAAP financial measures is included in the Company’s Third Quarter 2025 Financial Supplement, which is available at https://investors.firstbankonline.com.

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FB Financial Corporation

Third Quarter 2025 Results

Page 7


Financial Summary and Key Metrics
(Unaudited)
(dollars in thousands, except share data)

	As of or for the Three Months Ended
	Sep 2025			Jun 2025			Sep 2024
Selected Balance Sheet Data
Cash and cash equivalents	$	1,280,033		$	1,165,729		$	951,750
Investment securities, at fair value	1,428,401			1,337,565			1,567,922
Loans held for sale	167,449			144,212			103,145
Loans HFI	12,297,600			9,874,282			9,478,129
Allowance for credit losses on loans HFI	(184,993)			(148,948)			(156,260)


Total assets	16,236,459			13,354,238			12,920,222
Interest-bearing deposits (non-brokered)	10,634,555			8,692,848			8,230,867
Brokered deposits	487,765			518,719			519,200
Noninterest-bearing deposits	2,690,635			2,191,903			2,226,144
Total deposits	13,812,955			11,403,470			10,976,211
Borrowings	213,638			164,485			182,107
Allowance for credit losses on unfunded commitments	17,392			12,932			6,042
Total common shareholders’ equity	1,978,043			1,611,130			1,562,329
Selected Statement of Income Data
Total interest income	$	236,898		$	182,084		$	185,628
Total interest expense	89,658			70,669			79,611
Net interest income	147,240			111,415			106,017
Total noninterest income (loss)	26,635			(34,552)			(16,497)
Total noninterest expense	109,856			81,261			76,212
Earnings (losses) before income taxes and provisions for credit losses	64,019			(4,398)			13,308
Provisions for credit losses	34,417			5,337			1,914
Income tax expense (benefit)	6,227			(12,652)			1,174
Net income applicable to noncontrolling interest	—			8			—
Net income applicable to FB Financial Corporation	$	23,375		$	2,909		$	10,220
Net interest income (tax-equivalent basis)	$	148,088		$	112,236		$	106,634
Adjusted net income*	$	57,606		$	40,821		$	40,132
Adjusted pre-tax, pre-provision net revenue*	$	80,980		$	58,649		$	53,762
Per Common Share
Diluted net income	$	0.43		$	0.06		$	0.22
Adjusted diluted net income*	1.07			0.88			0.86

Book value	37.00			35.17			33.48
Tangible book value*	29.83			29.78			28.15

Weighted average number of shares outstanding - fully diluted	53,957,062			46,179,090			46,803,330
Period-end number of shares	53,456,522			45,807,689			46,658,019
Selected Ratios
Return on average:
Assets	0.58		%	0.09		%	0.32		%
Shareholders’ equity	4.69		%	0.74		%	2.67		%
Tangible common equity*	5.82		%	0.87		%	3.19		%

Efficiency ratio	63.2		%	105.7		%	85.1		%
Core efficiency ratio (tax-equivalent basis)*	53.3		%	56.9		%	58.4		%
Loans HFI to deposit ratio	89.0		%	86.6		%	86.4		%

Noninterest-bearing deposits to total deposits	19.5		%	19.2		%	20.3		%
Net interest margin (tax-equivalent basis)	3.95		%	3.68		%	3.55		%
Yield on interest-earning assets	6.35		%	5.99		%	6.20		%
Cost of interest-bearing liabilities	3.21		%	3.13		%	3.63		%
Cost of total deposits	2.53		%	2.48		%	2.83		%

Credit Quality Ratios
Allowance for credit losses on loans HFI as a percentage of loans HFI	1.50		%	1.51		%	1.65		%

Annualized net charge-offs as a percentage of average loans HFI	0.05		%	0.02		%	0.03		%
Nonperforming loans HFI as a percentage of loans HFI	0.94		%	0.97		%	0.96		%
Nonperforming assets as a percentage of total assets	0.89		%	0.92		%	0.99		%
Preliminary Capital Ratios (consolidated)
Total common shareholders’ equity to assets	12.2		%	12.1		%	12.1		%
Tangible common equity to tangible assets*	10.1		%	10.4		%	10.4		%
Tier 1 leverage	10.7		%	11.3		%	11.5		%
Tier 1 risk-based capital	11.7		%	12.6		%	13.0		%
Total risk-based capital	13.5		%	14.7		%	15.1		%
Common equity Tier 1	11.7		%	12.3		%	12.7		%

*Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company’s Third Quarter 2025 Financial Supplement.

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Third Quarter 2025

Financial Supplement

TABLE OF CONTENTS


			Page

Financial Summary and Key Metrics			4

Consolidated Statements of Income			5

Consolidated Balance Sheets			7

Average Balance and Interest Yield/Rate Analysis			8

Southern States Bancshares Inc. Opening Balance Sheet (Preliminary)			11

Investments and Other Sources of Liquidity			12

Loan Portfolio			13

Asset Quality			14

Selected Deposit Data			15

Preliminary Capital Ratios			16

Segment Data			17

Non-GAAP Reconciliations			18

Use of non-GAAP Financial Measures

This Financial Supplement contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated and segment core revenue, consolidated and segment core noninterest expense and core noninterest income, consolidated and segment core efficiency ratio (tax-equivalent basis), adjusted return on average assets and equity, and adjusted pre-tax pre-provision return on average assets. Each of these non-GAAP metrics excludes certain income and expense items that the Company’s management considers to be non-core/adjusted in nature. The Company refers to these non-GAAP measures as adjusted (or core) measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, on-balance sheet liquidity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles.


Financial Summary and Key Metrics
(Unaudited)
(Dollars in Thousands, Except Share Data)

	As of or for the Three Months Ended
	Sep 2025			Jun 2025			Mar 2025			Dec 2024			Sep 2024
Selected Balance Sheet Data
Cash and cash equivalents	$	1,280,033		$	1,165,729		$	794,706		$	1,042,488		$	951,750
Investment securities, at fair value	1,428,401			1,337,565			1,580,720			1,538,008			1,567,922
Loans held for sale	167,449			144,212			172,770			126,760			103,145
Loans HFI	12,297,600			9,874,282			9,771,536			9,602,384			9,478,129
Allowance for credit losses on loans HFI	(184,993)			(148,948)			(150,531)			(151,942)			(156,260)


Total assets	16,236,459			13,354,238			13,136,449			13,157,482			12,920,222
Interest-bearing deposits (non-brokered)	10,634,555			8,692,848			8,623,636			8,625,113			8,230,867
Brokered deposits	487,765			518,719			414,428			469,089			519,200
Noninterest-bearing deposits	2,690,635			2,191,903			2,163,934			2,116,232			2,226,144
Total deposits	13,812,955			11,403,470			11,201,998			11,210,434			10,976,211
Borrowings	213,638			164,485			168,944			176,789			182,107
Allowance for credit losses on unfunded commitments	17,392			12,932			6,493			6,107			6,042
Total common shareholders' equity	1,978,043			1,611,130			1,601,962			1,567,538			1,562,329
Selected Statement of Income Data
Total interest income	$	236,898		$	182,084		$	179,706		$	186,369		$	185,628
Total interest expense	89,658			70,669			72,065			77,988			79,611
Net interest income	147,240			111,415			107,641			108,381			106,017
Total noninterest income (loss)	26,635			(34,552)			23,032			21,997			(16,497)
Total noninterest expense	109,856			81,261			79,549			73,174			76,212
Earnings (losses) before income taxes and provisions for credit losses	64,019			(4,398)			51,124			57,204			13,308
Provisions for credit losses	34,417			5,337			2,292			7,084			1,914
Income tax expense (benefit)	6,227			(12,652)			9,471			12,226			1,174
Net income applicable to noncontrolling interest	—			8			—			8			—
Net income applicable to FB Financial Corporation	$	23,375		$	2,909		$	39,361		$	37,886		$	10,220
Net interest income (tax-equivalent basis)	$	148,088		$	112,236		$	108,427		$	109,004		$	106,634
Adjusted net income*	$	57,606		$	40,821		$	40,108		$	39,835		$	40,132
Adjusted pre-tax, pre-provision net revenue*	$	80,980		$	58,649		$	52,134		$	59,829		$	53,762
Per Common Share
Diluted net income	$	0.43		$	0.06		$	0.84		$	0.81		$	0.22
Adjusted diluted net income*	1.07			0.88			0.85			0.85			0.86

Book value	37.00			35.17			34.44			33.59			33.48
Tangible book value*	29.83			29.78			29.12			28.27			28.15

Weighted average number of shares outstanding - fully diluted	53,957,062			46,179,090			47,024,211			46,862,935			46,803,330
Period-end number of shares	53,456,522			45,807,689			46,514,547			46,663,120			46,658,019
Selected Ratios
Return on average:
Assets	0.58		%	0.09		%	1.21		%	1.14		%	0.32		%
Shareholders’ equity	4.69		%	0.74		%	10.1		%	9.63		%	2.67		%
Tangible common equity*	5.82		%	0.87		%	11.9		%	11.5		%	3.19		%

Efficiency ratio	63.2		%	105.7		%	60.9		%	56.1		%	85.1		%
Core efficiency ratio (tax-equivalent basis)*	53.3		%	56.9		%	59.9		%	54.6		%	58.4		%
Loans HFI to deposit ratio	89.0		%	86.6		%	87.2		%	85.7		%	86.4		%

Noninterest-bearing deposits to total deposits	19.5		%	19.2		%	19.3		%	18.9		%	20.3		%
Net interest margin (NIM) (tax-equivalent basis)	3.95		%	3.68		%	3.55		%	3.50		%	3.55		%
Yield on interest-earning assets	6.35		%	5.99		%	5.91		%	6.01		%	6.20		%
Cost of interest-bearing liabilities	3.21		%	3.13		%	3.16		%	3.40		%	3.63		%
Cost of total deposits	2.53		%	2.48		%	2.54		%	2.70		%	2.83		%

Credit Quality Ratios
Allowance for credit losses on loans HFI as a percentage of loans HFI	1.50		%	1.51		%	1.54		%	1.58		%	1.65		%

Annualized net charge-offs as a percentage of average loans HFI	0.05		%	0.02		%	0.14		%	0.47		%	0.03		%
Nonperforming loans HFI as a percentage of loans HFI	0.94		%	0.97		%	0.79		%	0.87		%	0.96		%
Nonperforming assets as a percentage of total assets	0.89		%	0.92		%	0.84		%	0.93		%	0.99		%
Preliminary Capital Ratios (consolidated)
Total common shareholders’ equity to assets	12.2		%	12.1		%	12.2		%	11.9		%	12.1		%
Tangible common equity to tangible assets*	10.1		%	10.4		%	10.5		%	10.2		%	10.4		%
Tier 1 leverage	10.7		%	11.3		%	11.4		%	11.3		%	11.5		%
Tier 1 risk-based capital	11.7		%	12.6		%	13.1		%	13.1		%	13.0		%
Total risk-based capital	13.5		%	14.7		%	15.2		%	15.2		%	15.1		%

Common equity Tier 1	11.7		%	12.3		%	12.8		%	12.8		%	12.7		%

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures”and Non-GAAP reconciliations herein.


FB Financial Corporation						4


Consolidated Statements of Income
(Unaudited)
(Dollars in Thousands, Except Share Data)
													Sep 2025		Sep 2025
													vs.		vs.
	Three Months Ended										Jun 2025	Sep 2024
	Sep 2025		Jun 2025		Mar 2025		Dec 2024		Sep 2024				Percent variance		Percent variance
Interest income:
Interest and fees on loans	$	209,307	$	159,697	$	153,185	$	156,792	$	158,625			31.1	%	32.0	%
Interest on investment securities
Taxable	14,395		14,661		14,471		15,043		13,943				(1.81)	%	3.24	%
Tax-exempt	1,058		1,036		1,033		1,035		1,104				2.12	%	(4.17)	%
Other	12,138		6,690		11,017		13,499		11,956				81.4	%	1.52	%
Total interest income	236,898		182,084		179,706		186,369		185,628				30.1	%	27.6	%
Interest expense:
Deposits	86,577		68,568		70,249		76,131		76,088				26.3	%	13.8	%
Borrowings	3,081		2,101		1,816		1,857		3,523				46.6	%	(12.5)	%
Total interest expense	89,658		70,669		72,065		77,988		79,611				26.9	%	12.6	%
Net interest income	147,240		111,415		107,641		108,381		106,017				32.2	%	38.9	%
Provision for (reversal of) credit losses on loans HFI	29,957		(1,102)		1,906		7,019		1,856				NM		NM
Provision for credit losses on unfunded commitments	4,460		6,439		386		65		58				(30.7)	%	NM
Net interest income after provisions for credit losses	112,823		106,078		105,349		101,297		104,103				6.36	%	8.38	%
Noninterest income:
Mortgage banking income	13,484		13,029		12,426		10,586		11,553				3.49	%	16.7	%
Investment services and trust income	4,227		3,922		3,711		3,853		3,721				7.78	%	13.6	%
Service charges on deposit accounts	4,049		3,392		3,479		3,548		3,378				19.4	%	19.9	%
ATM and interchange fees	3,388		2,878		2,677		2,867		2,840				17.7	%	19.3	%
Gain (loss) from securities, net	12		(60,549)		16		—		(40,165)				NM		(100.0)	%
(Loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(646)		236		(625)		(2,162)		(289)				(373.7)	%	123.5	%

Other income	2,121		2,540		1,348		3,305		2,465				(16.5)	%	(14.0)	%
Total noninterest income (loss)	26,635		(34,552)		23,032		21,997		(16,497)				(177.1)	%	(261.5)	%
Total revenue	173,875		76,863		130,673		130,378		89,520				126.2	%	94.2	%
Noninterest expenses:
Salaries, commissions and employee benefits	59,210		46,631		48,351		45,432		47,538				27.0	%	24.6	%
Merger and integration costs	16,057		2,734		401		—		—				487.3	%	100.0	%
Occupancy and equipment expense	7,539		6,710		6,597		6,668		6,640				12.4	%	13.5	%
Advertising	2,453		2,178		2,487		2,030		1,947				12.6	%	26.0	%
Data processing	2,457		2,161		2,313		2,462		2,486				13.7	%	(1.17)	%
Amortization of core deposits and other intangibles	2,079		631		656		687		719				229.5	%	189.2	%
Legal and professional fees	1,227		2,426		1,992		1,881		1,900				(49.4)	%	(35.4)	%



Other expense	18,834		17,790		16,752		14,014		14,982				5.87	%	25.7	%
Total noninterest expense	109,856		81,261		79,549		73,174		76,212				35.2	%	44.1	%
Income (loss) before income taxes	29,602		(9,735)		48,832		50,120		11,394				(404.1)	%	159.8	%
Income tax expense (benefit)	6,227		(12,652)		9,471		12,226		1,174				(149.2)	%	430.4	%
Net income applicable to FB Financial Corporation and noncontrolling interest	23,375		2,917		39,361		37,894		10,220				701.3	%	128.7	%
Net income applicable to noncontrolling interest	—		8		—		8		—				(100.0)	%	—	%

Net income applicable to FB Financial Corporation	$	23,375	$	2,909	$	39,361	$	37,886	$	10,220			703.5	%	128.7	%
Weighted average common shares outstanding:
Basic	53,627,997		45,946,428		46,674,698		46,662,772		46,650,563				16.7	%	15.0	%
Fully diluted	53,957,062		46,179,090		47,024,211		46,862,935		46,803,330				16.8	%	15.3	%
Earnings per common share:
Basic	$	0.44	$	0.06	$	0.84	$	0.81	$	0.22			633.3	%	100.0	%
Fully diluted	0.43		0.06		0.84		0.81		0.22				616.7	%	95.5	%
Fully diluted - adjusted*	1.07		0.88		0.85		0.85		0.86				21.6	%	24.4	%

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures”and Non-GAAP reconciliations herein.

NM- Not meaningful


FB Financial Corporation						5


Consolidated Statements of Income
(Unaudited)
(Dollars in Thousands, Except Share Data)

					Sep 2025
					vs.
	Nine Months Ended				Sep 2024
	Sep 2025		Sep 2024		Percent variance
Interest income:
Interest and fees on loans	$	522,189	$	469,610	11.2	%
Interest on investment securities
Taxable	43,527		35,014		24.3	%
Tax-exempt	3,127		3,714		(15.8)	%
Other	29,845		30,831		(3.20)	%
Total interest income	598,688		539,169		11.0	%
Interest expense:
Deposits	225,394		220,214		2.35	%
Borrowings	6,998		10,833		(35.4)	%
Total interest expense	232,392		231,047		0.58	%
Net interest income	366,296		308,122		18.9	%
Provision for credit losses on loans HFI	30,761		7,648		302.2	%
Provision for (reversal of) credit losses on unfunded commitments	11,285		(2,728)		(513.7)	%
Net interest income after provisions for credit losses	324,250		303,202		6.94	%
Noninterest income:
Mortgage banking income	38,939		36,048		8.02	%
Investment services and trust income	11,860		10,338		14.7	%
Service charges on deposit accounts	10,920		9,686		12.7	%
ATM and interchange fees	8,943		8,598		4.01	%

Loss from securities, net	(60,521)		(56,378)		7.35	%
Loss on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(1,035)		(5)		NM

Other income	6,009		8,786		(31.6)	%
Total noninterest income	15,115		17,073		(11.5)	%
Total revenue	381,411		325,195		17.3	%
Noninterest expenses:
Salaries, commissions and employee benefits	154,192		138,381		11.4	%
Occupancy and equipment expense	20,846		19,582		6.45	%
Merger and integration costs	19,192		—		100.0	%
Advertising	7,118		4,977		43.0	%
Data processing	6,931		7,180		(3.47)	%
Legal and professional fees	5,645		5,798		(2.64)	%
Amortization of core deposit and other intangibles	3,366		2,260		48.9	%

Other expense	53,376		45,547		17.2	%
Total noninterest expense	270,666		223,725		21.0	%
Income before income taxes	68,699		96,550		(28.8)	%
Income tax expense	3,046		18,393		(83.4)	%
Net income applicable to noncontrolling interest and FB Financial Corporation	65,653		78,157		(16.0)	%
Net income applicable to noncontrolling interests	8		8		—	%

Net income applicable to FB Financial Corporation	$	65,645	$	78,149	(16.0)	%
Weighted average common shares outstanding:
Basic	48,775,217		46,762,213		4.30	%
Fully diluted	49,054,448		46,874,037		4.65	%
Earnings per common share:
Basic	$	1.35	$	1.67	(19.2)	%
Fully diluted	1.34		1.67		(19.8)	%
Fully diluted - adjusted*	2.82		2.55		10.6	%

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein.

NM- Not meaningful


FB Financial Corporation						6


Consolidated Balance Sheets
(Unaudited)
(Dollars in Thousands)

													Annualized
													Sep 2025		Sep 2025
													vs.		vs.
	As of										Jun 2025	Sep 2024
	Sep 2025		Jun 2025		Mar 2025		Dec 2024		Sep 2024				Percent variance		Percent variance
ASSETS
Cash and due from banks	$	154,286	$	143,317	$	149,607	$	120,153	$	126,470			30.4	%	22.0	%
Federal funds sold and reverse repurchase agreements	283,451		352,124		109,982		125,825		97,299				(77.4)	%	191.3	%
Interest-bearing deposits in financial institutions	842,296		670,288		535,117		796,510		727,981				101.8	%	15.7	%
Cash and cash equivalents	1,280,033		1,165,729		794,706		1,042,488		951,750				38.9	%	34.5	%
Investments:
Available-for-sale debt securities, at fair value	1,426,951		1,337,565		1,580,720		1,538,008		1,567,922				26.5	%	(8.99)	%
Equity securities, at fair value	1,450		—		—		—		—				(100.0)	%	(100.0)	%
Restricted equity securities, at cost	36,231		33,626		32,234		32,749		32,859				30.7	%	10.3	%
Loans held for sale	167,449		144,212		172,770		126,760		103,145				63.9	%	62.3	%
Loans held for investment	12,297,600		9,874,282		9,771,536		9,602,384		9,478,129				97.4	%	29.7	%
Less: allowance for credit losses on loans HFI	184,993		148,948		150,531		151,942		156,260				96.0	%	18.4	%
Net loans held for investment	12,112,607		9,725,334		9,621,005		9,450,442		9,321,869				97.4	%	29.9	%
Premises and equipment, net	183,595		147,243		146,272		148,899		152,572				97.9	%	20.3	%
Other real estate owned, net	4,466		2,998		3,326		4,409		3,779				194.3	%	18.2	%
Operating lease right-of-use assets	51,035		47,764		47,381		47,963		47,346				27.17	%	7.79	%
Interest receivable	60,755		50,386		51,268		49,611		52,228				81.6	%	16.3	%
Mortgage servicing rights, at fair value	149,840		153,464		156,379		162,038		157,097				(9.37)	%	(4.62)	%
Goodwill	350,353		242,561		242,561		242,561		242,561				176.3	%	44.4	%
Core deposit and other intangibles, net	33,216		4,475		5,106		5,762		6,449				NM		415.1	%
Bank-owned life insurance	113,374		72,686		72,400		72,504		72,167				222.1	%	57.1	%
Other assets	265,104		226,195		210,321		233,288		208,478				68.2	%	27.2	%
Total assets	$	16,236,459	$	13,354,238	$	13,136,449	$	13,157,482	$	12,920,222			85.6	%	25.7	%
LIABILITIES AND SHAREHOLDERS' EQUITY
Liabilities:
Deposits
Noninterest-bearing	$	2,690,635	$	2,191,903	$	2,163,934	$	2,116,232	$	2,226,144			90.3	%	20.9	%
Interest-bearing checking	2,458,625		2,325,551		2,776,958		2,906,425		2,754,253				22.7	%	(10.7)	%
Money market and savings	5,968,094		4,645,552		4,482,908		4,338,483		4,098,496				112.9	%	45.6	%
Customer time deposits	2,206,790		1,721,745		1,363,770		1,380,205		1,378,118				111.8	%	60.1	%
Brokered and internet time deposits	488,811		518,719		414,428		469,089		519,200				(22.9)	%	(5.85)	%
Total deposits	13,812,955		11,403,470		11,201,998		11,210,434		10,976,211				83.8	%	25.8	%
Borrowings	213,638		164,485		168,944		176,789		182,107				118.6	%	17.3	%
Operating lease liabilities	62,664		59,289		59,174		60,024		59,584				22.6	%	5.17	%
Accrued expenses and other liabilities	169,066		115,771		104,278		142,604		139,898				182.6	%	20.8	%
Total liabilities	14,258,323		11,743,015		11,534,394		11,589,851		11,357,800				85.0	%	25.5	%
Shareholders’ equity:
Common stock, $1 par value	53,457		45,808		46,515		46,663		46,658				66.2	%	14.6	%
Additional paid-in capital	1,163,164		822,548		854,715		860,266		858,106				164.3	%	35.6	%
Retained earnings	799,900		786,785		792,685		762,293		732,435				6.61	%	9.21	%
Accumulated other comprehensive loss, net	(38,478)		(44,011)		(91,953)		(101,684)		(74,870)				(49.9)	%	(48.6)	%
Total common shareholders’ equity	1,978,043		1,611,130		1,601,962		1,567,538		1,562,329				90.4	%	26.6	%
Noncontrolling interest	93		93		93		93		93				—	%	—	%
Total equity	1,978,136		1,611,223		1,602,055		1,567,631		1,562,422				90.3	%	26.6	%
Total liabilities and shareholders’ equity	$	16,236,459	$	13,354,238	$	13,136,449	$	13,157,482	$	12,920,222			85.6	%	25.7	%

NM- Not Meaningful


FB Financial Corporation						7


Average Balance and Interest Yield/Rate Analysis

(Unaudited)
(Dollars in Thousands)

	Three Months Ended
	September 30, 2025						June 30, 2025
	Average balances		Interest income/ expense		Average yield/ rate		Average balances		Interest income/ expense		Average yield/ rate
Interest-earning assets:
Loans HFI(a)(b)	$	12,189,401	$	207,423	6.75	%	$	9,840,932	$	157,964	6.44	%
Mortgage loans held for sale	162,205		2,359		5.77	%	126,072		2,189		6.96	%

Investment securities:
Taxable	1,304,894		14,395		4.38	%	1,534,895		14,661		3.83	%
Tax-exempt(b)	169,523		1,431		3.35	%	167,675		1,401		3.35	%
Total investment securities(b)	1,474,417		15,826		4.26	%	1,702,570		16,062		3.78	%
Federal funds sold and reverse repurchase agreements	331,029		3,966		4.75	%	113,252		1,256		4.45	%
Interest-bearing deposits with other financial institutions	671,634		7,340		4.34	%	426,073		4,733		4.46	%
Restricted equity securities, at cost	36,907		832		8.94	%	35,623		701		7.89	%
Total interest-earning assets(b)	14,865,593		237,746		6.35	%	12,244,522		182,905		5.99	%
Noninterest-earning assets:
Cash and due from banks	139,226						115,717
Allowance for credit losses on loans HFI	(181,973)						(151,586)
Other assets(c)(d)	1,184,942						823,837
Total noninterest-earning assets	1,142,195						787,968
Total assets	$	16,007,788					$	13,032,490
Interest-bearing liabilities:
Interest-bearing deposits:
Interest-bearing checking	$	2,331,589	$	12,383	2.11	%	$	2,521,239	$	15,870	2.52	%
Money market	5,561,538		49,019		3.50	%	4,115,987		34,957		3.41	%
Savings deposits	406,787		248		0.24	%	352,307		98		0.11	%
Customer time deposits	1,997,905		18,965		3.77	%	1,404,368		12,454		3.56	%
Brokered and internet time deposits	560,127		5,962		4.22	%	481,686		5,189		4.32	%
Time deposits	2,558,032		24,927		3.87	%	1,886,054		17,643		3.75	%
Total interest-bearing deposits	10,857,946		86,577		3.16	%	8,875,587		68,568		3.10	%
Other interest-bearing liabilities:
Securities sold under agreements to repurchase and federal funds purchased	13,144		31		0.94	%	11,107		26		0.94	%
Federal Home Loan Bank advances	15,217		172		4.48	%	23,077		258		4.48	%
Subordinated debt	180,805		2,872		6.30	%	130,851		1,813		5.56	%
Other borrowings	1,168		6		2.04	%	2,294		4		0.70	%
Total other interest-bearing liabilities	210,334		3,081		5.81	%	167,329		2,101		5.04	%
Total interest-bearing liabilities	11,068,280		89,658		3.21	%	9,042,916		70,669		3.13	%
Noninterest-bearing liabilities:
Demand deposits	2,724,898						2,206,305
Other liabilities(d)	236,732						200,077
Total noninterest-bearing liabilities	2,961,630						2,406,382
Total liabilities	14,029,910						11,449,298
Total common shareholders’ equity	1,977,785						1,583,099
Noncontrolling interest	93						93
Total equity	1,977,878						1,583,192
Total liabilities and shareholders’ equity	$	16,007,788					$	13,032,490
Net interest income(b)			$	148,088					$	112,236
Interest rate spread(b)					3.14	%					2.86	%
Net interest margin(b)(e)					3.95	%					3.68	%
Cost of total deposits					2.53	%					2.48	%
Average interest-earning assets to average interest-bearing liabilities					134.3	%					135.4	%
Tax-equivalent adjustment			$	848					$	821
Loans HFI yield components:
Contractual interest rate(b)			$	198,320	6.45	%			$	155,697	6.34	%
Origination and other loan fee income			1,575		0.05	%			1,945		0.08	%
Accretion (amortization) on purchased loans			7,025		0.23	%			(62)		—	%
Nonaccrual interest			503		0.02	%			384		0.02	%

Total loans HFI yield			$	207,423	6.75	%			$	157,964	6.44	%

(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.

(b) Includes tax-equivalent adjustment using combined marginal tax rate of 26.06%.

(c) Includes average net unrealized losses on investment securities available for sale of $64,781 and $128,818 for the three months ended September 30, 2025 and June 30, 2025, respectively.

(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $21,645 and 25,159 for the three months ended September 30, 2025 and June 30, 2025, respectively.

(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.


FB Financial Corporation						8


Average Balance and Interest Yield/Rate Analysis (continued)

(Unaudited)
(Dollars in Thousands)

	Three Months Ended
	March 31, 2025						December 31, 2024						September 30, 2024
	Average balances		Interest income/ expense		Average yield/ rate		Average balances		Interest income/ expense		Average yield/ rate		Average balances		Interest income/ expense		Average yield/ rate
Interest-earning assets:
Loans HFI(a)(b)	$	9,621,057	$	152,174	6.41	%	$	9,522,996	$	155,897	6.51	%	$	9,362,937	$	157,751	6.70	%
Mortgage loans held for sale	93,944		1,433		6.19	%	71,569		1,153		6.41	%	66,828		1,102		6.56	%

Investment securities:
Taxable	1,541,868		14,471		3.81	%	1,523,297		15,043		3.93	%	1,487,200		13,943		3.73	%
Tax-exempt(b)	167,958		1,397		3.37	%	168,284		1,400		3.31	%	181,465		1,493		3.27	%
Total investment securities(b)	1,709,826		15,868		3.76	%	1,691,581		16,443		3.87	%	1,668,665		15,436		3.68	%
Federal funds sold and reverse repurchase agreements	123,390		1,374		4.52	%	112,388		1,393		4.93	%	118,715		1,687		5.65	%
Interest-bearing deposits with other financial institutions	811,216		8,902		4.45	%	943,638		11,361		4.79	%	701,666		9,519		5.40	%
Restricted equity securities, at cost	32,493		741		9.25	%	32,773		745		9.04	%	32,919		750		9.06	%
Total interest-earning assets(b)	12,391,926		180,492		5.91	%	12,374,945		186,992		6.01	%	11,951,730		186,245		6.20	%
Noninterest-earning assets:
Cash and due from banks	123,158						117,819						131,308
Allowance for credit losses on loans HFI	(152,234)						(155,022)						(155,665)
Other assets(c)(d)	844,119						856,453						814,577
Total noninterest-earning assets	815,043						819,250						790,220
Total assets	$	13,206,969					$	13,194,195					$	12,741,950
Interest-bearing liabilities:
Interest-bearing deposits:
Interest-bearing checking	$	2,840,211	$	18,267	2.61	%	$	2,837,092	$	20,957	2.94	%	$	2,624,046	$	20,998	3.18	%
Money market	4,083,754		34,360		3.41	%	3,880,258		35,044		3.59	%	3,802,818		37,574		3.93	%
Savings deposits	353,865		66		0.08	%	349,912		62		0.07	%	357,165		65		0.07	%
Customer time deposits	1,373,045		12,702		3.75	%	1,402,300		14,114		4.00	%	1,349,986		13,479		3.97	%
Brokered and internet time deposits	443,923		4,854		4.43	%	518,337		5,954		4.57	%	322,667		3,972		4.90	%
Time deposits	1,816,968		17,556		3.92	%	1,920,637		20,068		4.16	%	1,672,653		17,451		4.15	%
Total interest-bearing deposits	9,094,798		70,249		3.13	%	8,987,899		76,131		3.37	%	8,456,682		76,088		3.58	%
Other interest-bearing liabilities:
Securities sold under agreements to repurchase and federal funds purchased	11,046		6		0.22	%	14,791		16		0.43	%	21,734		79		1.45	%

Subordinated debt	130,755		1,804		5.60	%	130,658		1,837		5.59	%	130,561		1,900		5.79	%
Other borrowings	1,220		6		1.99	%	1,245		4		1.28	%	125,616		1,544		4.89	%
Total other interest-bearing liabilities	143,021		1,816		5.15	%	146,694		1,857		5.04	%	277,911		3,523		5.04	%
Total interest-bearing liabilities	9,237,819		72,065		3.16	%	9,134,593		77,988		3.40	%	8,734,593		79,611		3.63	%
Noninterest-bearing liabilities:
Demand deposits	2,134,924						2,241,492						2,241,512
Other liabilities(d)	250,175						253,514						242,155
Total noninterest-bearing liabilities	2,385,099						2,495,006						2,483,667
Total liabilities	11,622,918						11,629,599						11,218,260
Total common shareholders’ equity	1,583,958						1,564,503						1,523,597
Noncontrolling interest	93						93						93
Total equity	1,584,051						1,564,596						1,523,690
Total liabilities and shareholders’ equity	$	13,206,969					$	13,194,195					$	12,741,950
Net interest income(b)			$	108,427					$	109,004					$	106,634
Interest rate spread(b)					2.75	%					2.61	%					2.57	%
Net interest margin(b)(e)					3.55	%					3.50	%					3.55	%
Cost of total deposits					2.54	%					2.70	%					2.83	%
Average interest-earning assets to average interest-bearing liabilities					134.1	%					135.5	%					136.8	%
Tax-equivalent adjustment			$	786					$	623					$	617
Loans HFI yield components:
Contractual interest rate(b)			$	149,819	6.31	%			$	153,255	6.40	%			$	155,884	6.62	%
Origination and other loan fee income			1,797		0.08	%			1,859		0.08	%			1,779		0.08	%
Accretion (amortization) on purchased loans			2		—	%			119		—	%			(10)		—	%
Nonaccrual interest			556		0.02	%			664		0.03	%			98		—	%

Total loans HFI yield			$	152,174	6.41	%			$	155,897	6.51	%			$	157,751	6.70	%

(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.

(b) Includes tax-equivalent adjustment using combined marginal tax rate of 26.06%.

(c) Includes average net unrealized losses on investment securities available for sale of $132,262, $119,243 and $153,838 for the three months ended March 31, 2025, December 31, 2024 and

September 30, 2024, respectively.

(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $30,731, $31,519
and $25,451 for the three months ended March 31, 2025, December 31, 2024 and September 30, 2024, respectively.

(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.


FB Financial Corporation						9


Average Balance and Interest Yield/Rate Analysis (continued)

(Unaudited)
(Dollars in Thousands)

	Nine Months Ended
	September 30, 2025						September 30, 2024
	Average balances		Interest income/ expense		Average yield/ rate		Average balances		Interest income/ expense		Average yield/ rate
Interest-earning assets:
Loans HFI(a)(b)	$	10,559,871	$	517,561	6.55	%	$	9,337,942	$	466,933	6.68	%
Mortgage loans held for sale	127,657		5,981		6.26	%	65,443		3,333		6.80	%

Investment securities:
Taxable	1,459,685		43,527		3.99	%	1,450,295		35,014		3.22	%
Tax-exempt(b)	168,390		4,229		3.36	%	205,310		5,023		3.27	%
Total investment securities(b)	1,628,075		47,756		3.92	%	1,655,605		40,037		3.23	%
Federal funds sold and reverse repurchase agreements	189,984		6,596		4.64	%	127,365		5,310		5.57	%
Interest-bearing deposits with other financial institutions	635,796		20,975		4.41	%	573,861		23,226		5.41	%
Restricted equity securities, at cost	35,024		2,274		8.68	%	33,486		2,295		9.15	%
Total interest-earning assets(b)	13,176,407		601,143		6.10	%	11,793,702		541,134		6.13	%
Noninterest-earning assets:
Cash and due from banks	126,093						141,220
Allowance for credit losses on loans HFI	(162,040)						(152,675)
Other assets(c)(d)	952,215						786,211
Total noninterest-earning assets	916,268						774,756
Total assets	$	14,092,675					$	12,568,458
Interest-bearing liabilities:
Interest-bearing deposits:
Interest-bearing checking	$	2,562,483	$	46,520	2.43	%	$	2,554,739	$	59,088	3.09	%
Money market	4,592,506		118,336		3.45	%	3,810,318		112,031		3.93	%
Savings deposits	371,180		412		0.15	%	368,262		191		0.07	%
Customer time deposits	1,594,062		44,121		3.70	%	1,398,263		41,415		3.96	%
Brokered and internet time deposits	495,671		16,005		4.32	%	195,785		7,489		5.11	%
Time deposits	2,089,733		60,126		3.85	%	1,594,048		48,904		4.10	%
Total interest-bearing deposits	9,615,902		225,394		3.13	%	8,327,367		220,214		3.53	%
Other interest-bearing liabilities:
Securities sold under agreements to repurchase and federal funds purchased	11,773		63		0.72	%	23,537		350		1.99	%
Federal Home Loan Bank advances	12,821		430		4.48	%	—		—		—	%
Subordinated debt	147,654		6,489		5.88	%	130,249		5,801		5.95	%
Other borrowings	1,560		16		1.37	%	129,396		4,682		4.83	%
Total other interest-bearing liabilities	173,808		6,998		5.38	%	283,182		10,833		5.11	%
Total interest-bearing liabilities	9,789,710		232,392		3.17	%	8,610,549		231,047		3.58	%
Noninterest-bearing liabilities:
Demand deposits	2,357,537						2,230,271
Other liabilities(d)	228,944						241,535
Total noninterest-bearing liabilities	2,586,481						2,471,806
Total liabilities	12,376,191						11,082,355
Total common shareholders’ equity	1,716,391						1,486,010
Noncontrolling interest	93						93
Total equity	1,716,484						1,486,103
Total liabilities and shareholders’ equity	$	14,092,675					$	12,568,458
Net interest income(b)			$	368,751					$	310,087
Interest rate spread(b)					2.93	%					2.55	%
Net interest margin(b)(e)					3.74	%					3.51	%
Cost of total deposits					2.52	%					2.79	%
Average interest-earning assets to average interest-bearing liabilities					134.6	%					137.0	%
Tax equivalent adjustment			$	2,455					$	1,965
Loans HFI yield components:
Contractual interest rate(b)			$	503,836	6.37	%			$	460,796	6.59	%
Origination and other loan fee income			5,317		0.07	%			4,506		0.06	%
Accretion on purchased loans			6,965		0.09	%			538		0.01	%
Nonaccrual interest			1,443		0.02	%			1,093		0.02	%

Total loans HFI yield			$	517,561	6.55	%			$	466,933	6.68	%

(a) Average balances of nonaccrual loans and overdrafts are included in average loan balances.

(b) Includes tax-equivalent adjustment using combined marginal tax rate of 26.06%.

(c) Includes average net unrealized losses on investment securities available for sale of $108,373 and $181,898 for the nine months ended September 30, 2025 and 2024, respectively.

(d) Includes average of optional rights to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days of $25,812 and $22,328 for the nine months ended September 30, 2025 and 2024, respectively.

(e)The NIM is calculated by dividing annualized net interest income, on a tax-equivalent basis, by average total interest earning assets.


FB Financial Corporation						10


Southern States Bancshares, Inc. Opening Balance Sheet (Preliminary)
As of July 1, 2025
(Unaudited)
(In Thousands)


	As Recorded by FB Financial Corporation (Preliminary)(a)
Assets
Cash and cash equivalents	$	370,474
Investments	38,175
Loans held for sale, at fair value	756

Loans, net of fair value adjustments	2,266,549
Allowance for credit losses on PCD loans	(7,518)
Premises and equipment	37,016


Bank-owned life insurance	39,971
Core deposit intangible	30,820
Goodwill	107,793
Other assets	54,130
Total assets	$	2,938,166

Liabilities
Deposits	$	2,468,530
Borrowings	83,008

Accrued expenses and other liabilities	18,273
Total liabilities	$	2,569,811


Equity and cash consideration
Value of 8,124,241 shares issued as merger consideration	$	368,028

Total cash consideration paid	327
Total consideration	$	368,355





















(a) The above estimated fair values of assets acquired and liabilities assumed are preliminary and are subject to change during the measurement period as allowed under ASC 805 - Business Combinations.


FB Financial Corporation						11


Investments and Other Sources of Liquidity
(Unaudited)
(Dollars in Thousands)

	As of
	Sep 2025					Jun 2025					Mar 2025					Dec 2024					Sep 2024
Investment securities, at fair value
Available-for-sale debt securities:
U.S. government agency securities	$	653,197		46	%	$	642,264		48	%	$	602,942		38	%	$	563,007		36	%	$	516,833		33	%
Mortgage-backed securities - residential	587,587			41	%	541,343			40	%	816,556			52	%	810,999			53	%	879,589			56	%
Mortgage-backed securities - commercial	10,681			1	%	8,752			1	%	14,828			1	%	14,857			1	%	16,289			1	%
Municipal securities	165,411			12	%	144,228			11	%	145,396			9	%	147,857			10	%	154,229			10	%
Treasury securities	7,080			—	%	—			—	%	—			—	%	299			—	%	—			—	%
Corporate securities	2,995			—	%	978			—	%	998			—	%	989			—	%	982			—	%
Total available-for-sale debt securities	1,426,951			100	%	1,337,565			100	%	1,580,720			100	%	1,538,008			100	%	1,567,922			100	%
Equity securities, at fair value	1,450			—	%	—			—	%	—			—	%	—			—	%	—			—	%
Total investment securities, at fair value	$	1,428,401		100	%	$	1,337,565		100	%	$	1,580,720		100	%	$	1,538,008		100	%	$	1,567,922		100	%
Investment securities to total assets	8.80		%			10.0		%			12.0		%			11.7		%			12.1		%
Unrealized loss on available-for-sale debt securities	(55,890)					(63,262)					(128,173)					(141,389)					(105,157)

Sources of liquidity
Current on-balance sheet:
Cash and cash equivalents	$	1,280,033		68	%	$	1,165,729		68	%	$	794,706		53	%	$	1,042,488		63	%	$	951,750		65	%
Unpledged available-for-sale debt securities	608,716			32	%	547,354			32	%	703,117			47	%	600,965			37	%	510,538			35	%
Equity securities, at fair value	1,450			—	%	—			—	%	—			—	%	—			—	%	—			—	%
Total on-balance sheet liquidity	$	1,890,199		100	%	$	1,713,083		100	%	$	1,497,823		100	%	$	1,643,453		100	%	$	1,462,288		100	%

Available sources of liquidity:
Unsecured borrowing capacity(a)	$	4,018,822		52	%	$	3,325,751		48	%	$	3,369,107		48	%	$	3,318,091		49	%	$	3,199,575		48	%
FHLB remaining borrowing capacity	1,551,283			20	%	1,481,376			21	%	1,476,688			21	%	1,397,905			21	%	1,355,884			20	%
Federal Reserve discount window	2,196,785			28	%	2,119,018			31	%	2,134,448			31	%	2,053,541			30	%	2,133,951			32	%
Total available sources of liquidity	$	7,766,890		100	%	$	6,926,145		100	%	$	6,980,243		100	%	$	6,769,537		100	%	$	6,689,410		100	%

On-balance sheet liquidity as a percentage of total assets	11.6		%			12.8		%			11.4		%			12.5		%			11.3		%
On-balance sheet liquidity as a percentage of total tangible assets*	11.9		%			13.1		%			11.6		%			12.7		%			11.5		%
On-balance sheet liquidity and available sources of liquidity as a percentage of estimated uninsured and uncollateralized deposits(b)	245.0		%			289.5		%			283.4		%			293.8		%			245.4		%

(a) Includes capacity available per internal policy in the form of brokered deposits and unsecured lines of credit.

(b) Amounts are shown on a fully consolidated basis and exclude deposits of affiliates that are eliminated in consolidation.

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein.


FB Financial Corporation						12


Loan Portfolio

(Unaudited)
(Dollars in Thousands)

	As of
	Sep 2025		% of Total		Jun 2025		% of Total		Mar 2025		% of Total		Dec 2024		% of Total		Sep 2024		% of Total
Loan portfolio
Commercial and industrial	$	2,155,105	17	%	$	1,788,911	18	%	$	1,782,981	18	%	$	1,691,213	18	%	$	1,688,815	18	%
Construction	1,195,392		10	%	1,022,678		10	%	1,022,299		10	%	1,087,732		11	%	1,079,726		11	%
Residential real estate:
1-to-4 family mortgage	1,852,626		15	%	1,660,696		17	%	1,632,574		17	%	1,616,754		17	%	1,612,031		17	%
Residential line of credit	707,303		6	%	641,433		7	%	613,868		6	%	602,475		6	%	591,049		6	%
Multi-family mortgage	736,424		6	%	587,254		6	%	648,326		7	%	653,769		7	%	654,188		7	%
Commercial real estate:
Owner-occupied	2,124,920		17	%	1,370,123		14	%	1,356,007		14	%	1,357,568		14	%	1,324,208		14	%
Non-owner occupied	2,890,233		24	%	2,198,689		22	%	2,153,825		22	%	2,099,129		22	%	2,048,036		22	%
Consumer and other	635,597		5	%	604,498		6	%	561,656		6	%	493,744		5	%	480,076		5	%
Total loans HFI	$	12,297,600	100	%	$	9,874,282	100	%	$	9,771,536	100	%	$	9,602,384	100	%	$	9,478,129	100	%
Percentage of loans HFI portfolio with floating interest rates			51.5	%			49.6	%			49.7	%			49.4	%			49.2	%
Percentage of loans HFI portfolio with floating interest rates that mature after one year			48.0	%			45.2	%			44.4	%			43.5	%			43.6	%

Loans by market
Metropolitan	$	8,426,236	69	%	$	8,083,283	82	%	$	8,045,289	82	%	$	7,934,549	82	%	$	7,795,075	82	%
Community	2,627,421		21	%	538,459		5	%	538,819		6	%	546,987		6	%	565,194		6	%
Specialty lending and other	1,243,943		10	%	1,252,540		13	%	1,187,428		12	%	1,120,848		12	%	1,117,860		12	%
Total	$	12,297,600	100	%	$	9,874,282	100	%	$	9,771,536	100	%	$	9,602,384	100	%	$	9,478,129	100	%

Unfunded loan commitments
Commercial and industrial	$	1,451,366	46	%	$	1,396,533	49	%	$	1,349,491	48	%	$	1,371,413	50	%	$	1,314,683	48	%
Construction	731,742		23	%	535,669		19	%	540,992		19	%	498,133		18	%	510,157		19	%
Residential real estate:
1-to-4 family mortgage	5,581		—	%	3,545		—	%	5,094		—	%	7,299		—	%	3,665		—	%
Residential line of credit	808,961		25	%	745,570		26	%	743,413		27	%	734,031		26	%	735,928		27	%
Multi-family mortgage	6,665		—	%	4,260		—	%	9,586		—	%	12,044		—	%	11,771		—	%
Commercial real estate:
Owner-occupied	96,287		3	%	86,135		3	%	68,566		3	%	78,856		3	%	67,875		3	%
Non-owner occupied	68,293		2	%	67,974		2	%	63,948		2	%	54,898		2	%	51,960		2	%
Consumer and other	21,480		1	%	21,999		1	%	14,547		1	%	13,431		1	%	17,321		1	%
Total unfunded loans HFI	$	3,190,375	100	%	$	2,861,685	100	%	$	2,795,637	100	%	$	2,770,105	100	%	$	2,713,360	100	%


FB Financial Corporation						13


Asset Quality
As of or for the Three Months Ended
(Unaudited)
(Dollars in Thousands)

	As of or for the Three Months Ended
	Sep 2025			Jun 2025			Mar 2025			Dec 2024			Sep 2024
Allowance for credit losses on loans HFI roll forward summary
Allowance for credit losses on loans HFI at the beginning of the period	$	148,948		$	150,531		$	151,942		$	156,260		$	155,055
Charge-offs	(1,709)			(1,454)			(3,893)			(12,010)			(915)
Recoveries	279			973			576			673			264
Impact of change in accounting estimate for current expected credit losses	—			(6,848)			—			—			—
Provision for credit losses on loans HFI	29,957			5,746			1,906			7,019			1,856
Initial allowance on acquired loans with credit deterioration	7,518			—			—			—			—
Allowance for credit losses on loans HFI at the end of the period	$	184,993		$	148,948		$	150,531		$	151,942		$	156,260
Allowance for credit losses on loans HFI as a percentage of loans HFI	1.50		%	1.51		%	1.54		%	1.58		%	1.65		%

Allowance for credit losses on unfunded commitments	$	17,392		$	12,932		$	6,493		$	6,107		$	6,042
Charge-offs
Commercial and industrial	$	(100)		$	(70)		$	(2,901)		$	(10,921)		$	(90)
Construction	(399)			—			—			(30)			—
Residential real estate:
1-to-4 family mortgage	(322)			(433)			(3)			(144)			(2)
Residential line of credit	—			—			—			—			(53)

Commercial real estate:
Owner occupied	—			—			(17)			—			—

Consumer and other	(888)			(951)			(972)			(915)			(770)
Total charge-offs	(1,709)			(1,454)			(3,893)			(12,010)			(915)
Recoveries
Commercial and industrial	12			173			42			371			23

Residential real estate:
1-to-4 family mortgage	6			11			9			9			9
Residential line of credit	11			1			—			—			18

Commercial real estate:
Owner occupied	4			9			21			5			12
Non-owner occupied	—			528			1			—			—
Consumer and other	246			251			503			288			202
Total recoveries	279			973			576			673			264
Net charge-offs	$	(1,430)		$	(481)		$	(3,317)		$	(11,337)		$	(651)
Annualized net charge-offs as a percentage of average loans HFI	0.05		%	0.02		%	0.14		%	0.47		%	0.03		%
Nonperforming assets
Loans past due 90 days or more and accruing interest	$	26,311		$	21,962		$	28,422		$	24,347		$	26,250
Nonaccrual loans	89,448			73,950			48,738			59,358			64,585
Total nonperforming loans HFI	115,759			95,912			77,160			83,705			90,835


Mortgage loans held for sale(a)	21,660			20,977			27,152			31,357			30,537

Other real estate owned	4,466			2,998			3,326			4,409			3,779
Other repossessed assets	3,314			3,151			2,791			2,444			2,182
Total nonperforming assets	$	145,199		$	123,038		$	110,429		$	121,915		$	127,333
Total nonperforming loans HFI as a percentage of loans HFI	0.94		%	0.97		%	0.79		%	0.87		%	0.96		%
Total nonperforming assets as a percentage of total assets	0.89		%	0.92		%	0.84		%	0.93		%	0.99		%
Total nonaccrual loans as a percentage of loans HFI	0.73		%	0.75		%	0.50		%	0.62		%	0.68		%

(a) Represents optional right to repurchase government guaranteed GNMA mortgage loans previously sold that have become past due greater than 90 days.


FB Financial Corporation						14


Selected Deposit Data

(Unaudited)
(Dollars in Thousands)

	As of
	Sep 2025					Jun 2025					Mar 2025					Dec 2024					Sep 2024





Deposits by market
Metropolitan	$	8,549,817		62	%	$	8,275,006		73	%	$	8,091,921		72	%	$	8,136,849		73	%	$	7,794,790		71	%
Community	4,579,933			33	%	2,436,243			21	%	2,536,165			23	%	2,471,052			22	%	2,459,641			22	%
Brokered/wholesale	487,765			4	%	518,719			4	%	414,428			4	%	469,089			4	%	519,200			5	%
Escrow and other(a)	195,440			1	%	173,502			2	%	159,484			1	%	133,444			1	%	202,580			2	%
Total	$	13,812,955		100	%	$	11,403,470		100	%	$	11,201,998		100	%	$	11,210,434		100	%	$	10,976,211		100	%

Deposits by customer segment
Consumer	$	5,966,458		43	%	$	4,772,582		42	%	$	4,868,544		43	%	$	4,853,609		43	%	$	4,676,492		43	%
Commercial	6,045,418			44	%	4,835,968			42	%	4,695,923			42	%	4,802,105			43	%	4,886,660			45	%
Public	1,801,079			13	%	1,794,920			16	%	1,637,531			15	%	1,554,720			14	%	1,413,059			12	%
Total	$	13,812,955		100	%	$	11,403,470		100	%	$	11,201,998		100	%	$	11,210,434		100	%	$	10,976,211		100	%

Estimated insured or collateralized deposits	$	9,871,337				$	8,418,783				$	8,210,241				$	8,346,796				$	7,654,786





Estimated uninsured and uncollateralized deposits(b)	$	3,941,618				$	2,984,687				$	2,991,757				$	2,863,638				$	3,321,425

Estimated uninsured and uncollateralized deposits as a % of total deposits(b)	28.5		%			26.2		%			26.7		%			25.5		%			30.3		%

(a) Includes deposits related to escrow balances from mortgage and specialty lending servicing portfolios and treasury/other deposits.

(b) Amounts are shown on a fully consolidated basis and exclude deposits of affiliates that are eliminated in consolidation.


FB Financial Corporation						15


Preliminary Capital Ratios
(Unaudited)
(Dollars in Thousands)


Computation of Tangible Common Equity to Tangible Assets:	September 30, 2025			December 31, 2024

Total Common Shareholders' Equity	$	1,978,043		$	1,567,538
Less:
Goodwill	350,353			242,561
Other intangibles	33,216			5,762
Tangible Common Equity	$	1,594,474		$	1,319,215

Total Assets	$	16,236,459		$	13,157,482
Less:
Goodwill	350,353			242,561
Other intangibles	33,216			5,762
Tangible Assets	$	15,852,890		$	12,909,159

Preliminary Total Risk-Weighted Assets	$	14,215,346		$	11,306,312

Total Common Equity to Total Assets	12.2		%	11.9		%
Tangible Common Equity to Tangible Assets*	10.1		%	10.2		%


	September 30, 2025			December 31, 2024
Preliminary Regulatory Capital:
Common Equity Tier 1 Capital	$	1,662,376		$	1,450,722
Tier 1 Capital	1,662,376			1,480,722
Total Capital	1,923,686			1,721,941

Preliminary Regulatory Capital Ratios:
Common Equity Tier 1	11.7		%	12.8		%
Tier 1 Risk-Based	11.7		%	13.1		%
Total Risk-Based	13.5		%	15.2		%
Tier 1 Leverage	10.7		%	11.3		%

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein.


FB Financial Corporation						16


Segment Data
(Unaudited)
(Dollars in Thousands)

	As of or for the Three Months Ended
	Sep 2025			Jun 2025			Mar 2025			Dec 2024			Sep 2024
Banking segment
Interest income	$	236,073		$	180,960		$	178,915		$	186,219		$	185,824
Interest expense	91,214			72,051			73,156			79,426			81,489
Net interest income	$	144,859		$	108,909		$	105,759		$	106,793		$	104,335
Provisions for credit losses	34,070			582			2,189			7,133			1,861

Noninterest income (loss)	13,078			(47,720)			10,660			11,311			(28,370)


Salaries, commissions and employee benefits	51,441			38,635			41,469			38,289			39,938
Merger and integration costs	16,057			2,734			401			—			—
Other noninterest expense	29,471			25,961			25,039			22,715			23,176
Pre-tax net contribution (loss) after allocations	$	26,898		$	(6,723)		$	47,321		$	49,967		$	10,990
Total assets	$	15,598,629		$	12,736,830		$	12,490,097		$	12,554,435		$	12,337,135

Efficiency ratio	61.4		%	110.0		%	57.5		%	51.7		%	83.1		%
Core efficiency ratio*	50.6		%	52.8		%	56.5		%	50.1		%	53.9		%
Mortgage segment
Interest income	$	825		$	1,124		$	791		$	150		$	(196)
Interest expense	(1,556)			(1,382)			(1,091)			(1,438)			(1,878)
Net interest income	$	2,381		$	2,506		$	1,882		$	1,588		$	1,682
Provisions for (reversals of) loan losses	347			4,755			103			(49)			53
Mortgage banking income	13,484			13,029			12,426			10,586			11,553
Other noninterest income (loss)	73			139			(54)			100			320


Salaries, commissions and employee benefits	7,769			7,996			6,882			7,143			7,600
Other noninterest expense	5,118			5,935			5,758			5,027			5,498
Pre-tax net contribution (loss) after allocations	$	2,704		$	(3,012)		$	1,511		$	153		$	404
Total assets	$	637,830		$	617,408		$	646,352		$	603,047		$	583,087

Efficiency ratio	80.9		%	88.9		%	88.7		%	99.2		%	96.6		%
Core efficiency ratio*	80.9		%	89.1		%	87.9		%	99.2		%	96.7		%










Interest rate lock commitments volume	$	432,149		$	456,720		$	381,777		$	315,891		$	381,240




Interest rate lock commitments pipeline (period end)	$	128,961		$	127,004		$	118,200		$	65,687		$	105,714




Mortgage loan sales	$	343,450		$	391,061		$	222,805		$	287,291		$	327,269
Gains and fees from origination and sale of mortgage loans held for sale	$	9,237		$	11,200		$	5,602		$	7,788		$	9,279
Net change in fair value of loans held for sale, derivatives, and other	801			(876)			2,816			(96)			(480)
Mortgage servicing income	6,836			6,936			7,077			7,305			7,244
Change in fair value of mortgage servicing rights, net of hedging	(3,390)			(4,231)			(3,069)			(4,411)			(4,490)
Total mortgage banking income	$	13,484		$	13,029		$	12,426		$	10,586		$	11,553
Mortgage sale margin(a)	2.69		%	2.86		%	2.51		%	2.71		%	2.84		%

*Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein.

(a) Calculated by dividing gains and fees from origination and sale of mortgage loans held for sale by total mortgage sales.


FB Financial Corporation						17


Non-GAAP Reconciliations

(Unaudited)
(Dollars in Thousands, Except Share Data)

	Three Months Ended										Nine Months Ended
Adjusted net income	Sep 2025		Jun 2025		Mar 2025		Dec 2024		Sep 2024		Sep 2025		Sep 2024
Income (loss) before income taxes	$	29,602	$	(9,735)	$	48,832	$	50,120	$	11,394	$	68,699	$	96,550
Less gain (loss) from securities, net	12		(60,549)		16		—		(40,165)		(60,521)		(56,378)
Less (loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(646)		236		(625)		(2,162)		(289)		(1,035)		(5)
Less cash life insurance benefit	—		—		—		—		—		—		2,057

Plus initial provision for credit losses on acquired loans and unfunded commitments	28,366		—		—		—		—		28,366		—
Plus early retirement and severance costs	—		—		—		463		—		—		1,015
Plus loss on lease terminations and other branch closure costs	270		—		—		—		—		270		—
Plus FDIC special assessment	—		—		—		—		—		—		500
Plus merger and integration costs	16,057		2,734		401		—		—		19,192		—

Adjusted pre-tax net income	74,929		53,312		49,842		52,745		51,848		178,083		152,391
Less income tax expense, adjusted for items above(a)	17,323		3,778		9,734		12,910		11,716		30,835		32,945
Plus income tax benefit(b)	—		(8,713)		—		—		—		(8,713)		—
Adjusted net income	$	57,606	$	40,821	$	40,108	$	39,835	$	40,132	$	138,535	$	119,446
Weighted average common share outstanding - fully diluted	53,957,062		46,179,090		47,024,211		46,862,935		46,803,330		49,054,448		46,874,037
Adjusted diluted earnings per common share
Diluted earnings per common share	$	0.43	$	0.06	$	0.84	$	0.81	$	0.22	$	1.34	$	1.67








Adjusted diluted earnings per common share	$	1.07	$	0.88	$	0.85	$	0.85	$	0.86	$	2.82	$	2.55






(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs. (b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.


FB Financial Corporation						18


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands, Except Share Data)

	Three Months Ended										Nine Months Ended
Adjusted pre-tax pre-provision net revenue	Sep 2025		Jun 2025		Mar 2025		Dec 2024		Sep 2024		Sep 2025		Sep 2024
Income (loss) before income taxes	$	29,602	$	(9,735)	$	48,832	$	50,120	$	11,394	$	68,699	$	96,550
Plus provisions for credit losses	34,417		5,337		2,292		7,084		1,914		42,046		4,920
Pre-tax pre-provision net revenue	64,019		(4,398)		51,124		57,204		13,308		110,745		101,470
Less gain (loss) from securities, net	12		(60,549)		16		—		(40,165)		(60,521)		(56,378)
Less (loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(646)		236		(625)		(2,162)		(289)		(1,035)		(5)
Less cash life insurance benefit	—		—		—		—		—		—		2,057

Plus early retirement and severance costs	—		—		—		463		—		—		1,015
Plus loss on lease terminations and other branch closure costs	270		—		—		—		—		270		—
Plus FDIC special assessment	—		—		—		—		—		—		500
Plus merger and integration costs	16,057		2,734		401		—		—		19,192		—
Adjusted pre-tax pre-provision net revenue	$	80,980	$	58,649	$	52,134	$	59,829	$	53,762	$	191,763	$	157,311



	Three Months Ended										Nine Months Ended
Adjusted tangible net income	Sep 2025		Jun 2025		Mar 2025		Dec 2024		Sep 2024		Sep 2025		Sep 2024
Income (loss) before income taxes	$	29,602	$	(9,735)	$	48,832	$	50,120	$	11,394	$	68,699	$	96,550
Plus amortization of core deposit and other intangibles	2,079		631		656		687		719		3,366		2,260
Less gain (loss) from securities, net	12		(60,549)		16		—		(40,165)		(60,521)		(56,378)
Less (loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(646)		236		(625)		(2,162)		(289)		(1,035)		(5)
Less cash life insurance benefit	—		—		—		—		—		—		2,057

Plus initial provision for credit losses on acquired loans and unfunded commitments	28,366		—		—		—		—		28,366		—
Plus early retirement and severance costs	—		—		—		463		—		—		1,015
Plus loss on lease terminations and other branch closure costs	270		—		—		—		—		270		—
Plus FDIC special assessment	—		—		—		—		—		—		500
Plus merger and integration costs	16,057		2,734		401		—		—		19,192		—
Less income tax expense, adjusted for items above(a)	17,864		3,942		9,905		13,089		11,904		31,711		33,534
Plus income tax benefit(b)	—		(8,713)		—		—		—		(8,713)		—
Adjusted tangible net income	$	59,144	$	41,288	$	40,593	$	40,343	$	40,663	$	141,025	$	121,117
(a) Adjusted items calculated using the combined marginal tax rate of 26.06% for all periods, excluding nondeductible items for merger and integration costs. (b) Represents a non-recurring tax benefit recorded during the three months ended June 30, 2025 due to the expiration of the statute of limitations with respect to an amended income tax return.


FB Financial Corporation						19


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands)









	Three Months Ended															Nine Months Ended
Core efficiency ratio (tax- equivalent basis)	Sep 2025			Jun 2025			Mar 2025			Dec 2024			Sep 2024			Sep 2025			Sep 2024
Total noninterest expense	$	109,856		$	81,261		$	79,549		$	73,174		$	76,212		$	270,666		$	223,725



Less early retirement and severance costs	—			—			—			463			—			—			1,015
Less loss on lease terminations and other branch closure costs	270			—			—			—			—			270			—
Less FDIC special assessment	—			—			—			—			—			—			500
Less merger and integration costs	16,057			2,734			401			—			—			19,192			—
Core noninterest expense	$	93,529		$	78,527		$	79,148		$	72,711		$	76,212		$	251,204		$	222,210
Net interest income	$	147,240		$	111,415		$	107,641		$	108,381		$	106,017		$	366,296		$	308,122
Net interest income (tax-equivalent basis)	148,088			112,236			108,427			109,004			106,634			368,751			310,087
Total noninterest income (loss)	26,635			(34,552)			23,032			21,997			(16,497)			15,115			17,073
Less gain (loss) from securities, net	12			(60,549)			16			—			(40,165)			(60,521)			(56,378)
Less (loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(646)			236			(625)			(2,162)			(289)			(1,035)			(5)
Less cash life insurance benefit	—			—			—			—			—			—			2,057



Core noninterest income	27,269			25,761			23,641			24,159			23,957			76,671			71,399
Total revenue	$	173,875		$	76,863		$	130,673		$	130,378		$	89,520		$	381,411		$	325,195
Core revenue (tax-equivalent basis)	$	175,357		$	137,997		$	132,068		$	133,163		$	130,591		$	445,422		$	381,486
Efficiency ratio	63.2		%	105.7		%	60.9		%	56.1		%	85.1		%	71.0		%	68.8		%
Core efficiency ratio (tax- equivalent basis)	53.3		%	56.9		%	59.9		%	54.6		%	58.4		%	56.4		%	58.2		%


FB Financial Corporation						20


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands)

	Three Months Ended															Nine Months Ended
Banking segment core efficiency ratio (tax-equivalent)	Sep 2025			Jun 2025			Mar 2025			Dec 2024			Sep 2024			Sep 2025			Sep 2024
Banking segment noninterest expense	$	96,969		$	67,330		$	66,909		$	61,004		$	63,114		$	231,208		$	185,486
Less early retirement and severance costs	—			—			—			463			—			—			1,015
Plus loss on lease terminations and other branch closure costs	270			—			—			—			—			270			—
Less FDIC special assessment	—			—			—			—			—			—			500
Less merger and integration costs	16,057			2,734			401			—			—			19,192			—
Banking segment core noninterest expense	$	80,642		$	64,596		$	66,508		$	60,541		$	63,114		$	211,746		$	183,971
Banking segment net interest income	$	144,859		$	108,909		$	105,759		$	106,793		$	104,335		$	359,527		$	303,990
Banking segment net interest income (tax-equivalent basis)	145,707			109,730			106,545			107,416			104,952			361,982			305,955
Banking segment noninterest income (loss)	13,078			(47,720)			10,660			11,311			(28,370)			(23,982)			(19,687)
Less gain (loss) from securities, net	12			(60,549)			16			—			(40,165)			(60,521)			(56,378)


Less cash life insurance benefit	—			—			—			—			—			—			2,057
Less (loss) gain on sales or write-downs of premises and equipment, other real estate owned and other assets, net	(646)			203			(497)			(2,162)			(299)			(940)			(188)
Banking segment core noninterest income	13,712			12,626			11,141			13,473			12,094			37,479			34,822
Banking segment total revenue	$	157,937		$	61,189		$	116,419		$	118,104		$	75,965		$	335,545		$	284,303
Banking segment total core revenue (tax-equivalent basis)	$	159,419		$	122,356		$	117,686		$	120,889		$	117,046		$	399,461		$	340,777
Banking segment efficiency ratio	61.4		%	110.0		%	57.5		%	51.7		%	83.1		%	68.9		%	65.2		%
Banking segment core efficiency ratio (tax-equivalent basis)	50.6		%	52.8		%	56.5		%	50.1		%	53.9		%	53.0		%	54.0		%





	Three Months Ended															Nine Months Ended
Mortgage segment core efficiency ratio (tax-equivalent)	Sep 2025			Jun 2025			Mar 2025			Dec 2024			Sep 2024			Sep 2025			Sep 2024
Mortgage segment noninterest expense	$	12,887		$	13,931		$	12,640		$	12,170		$	13,098		$	39,458		$	38,239




Mortgage segment core noninterest expense	$	12,887		$	13,931		$	12,640		$	12,170		$	13,098		$	39,458		$	38,239
Mortgage segment net interest income	$	2,381		$	2,506		$	1,882		$	1,588		$	1,682		$	6,769		$	4,132
Mortgage segment noninterest income	13,557			13,168			12,372			10,686			11,873			39,097			36,760
Less gain (loss) on sales or write- downs of premises and equipment, other real estate owned and other assets, net	—			33			(128)			—			10			(95)			183
Mortgage segment core noninterest income	13,557			13,135			12,500			10,686			11,863			39,192			36,577
Mortgage segment total revenue	$	15,938		$	15,674		$	14,254		$	12,274		$	13,555		$	45,866		$	40,892
Mortgage segment core total revenue	$	15,938		$	15,641		$	14,382		$	12,274		$	13,545		$	45,961		$	40,709
Mortgage segment efficiency ratio	80.9		%	88.9		%	88.7		%	99.2		%	96.6		%	86.0		%	93.5		%
Mortgage segment core efficiency ratio (tax-equivalent basis)	80.9		%	89.1		%	87.9		%	99.2		%	96.7		%	85.9		%	93.9		%


FB Financial Corporation						21


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands, Except Share Data)

	As of
Tangible assets, common equity and related measures	Sep 2025			Jun 2025			Mar 2025			Dec 2024			Sep 2024
Tangible assets
Total assets	$	16,236,459		$	13,354,238		$	13,136,449		$	13,157,482		$	12,920,222
Less goodwill	350,353			242,561			242,561			242,561			242,561
Less intangibles, net	33,216			4,475			5,106			5,762			6,449
Tangible assets	$	15,852,890		$	13,107,202		$	12,888,782		$	12,909,159		$	12,671,212
Tangible common equity
Total common shareholders’ equity	$	1,978,043		$	1,611,130		$	1,601,962		$	1,567,538		$	1,562,329
Less goodwill	350,353			242,561			242,561			242,561			242,561
Less intangibles, net	33,216			4,475			5,106			5,762			6,449
Tangible common equity	$	1,594,474		$	1,364,094		$	1,354,295		$	1,319,215		$	1,313,319


Common shares outstanding	53,456,522			45,807,689			46,514,547			46,663,120			46,658,019
Book value per common share	$	37.00		$	35.17		$	34.44		$	33.59		$	33.48
Tangible book value per common share	$	29.83		$	29.78		$	29.12		$	28.27		$	28.15

Total common shareholders’ equity to total assets	12.2		%	12.1		%	12.2		%	11.9		%	12.1		%
Tangible common equity to tangible assets	10.1		%	10.4		%	10.5		%	10.2		%	10.4		%
On-balance sheet liquidity:
Cash and cash equivalents	$	1,280,033		$	1,165,729		$	794,706		$	1,042,488		$	951,750
Unpledged securities	608,716			547,354			703,117			600,965			510,538
Equity securities, at fair value	1,450			—			—			—			—
Total on-balance sheet liquidity	$	1,890,199		$	1,713,083		$	1,497,823		$	1,643,453		$	1,462,288
On-balance sheet liquidity as a percentage of total assets	11.6		%	12.8		%	11.4		%	12.5		%	11.3		%
On-balance sheet liquidity as a percentage of total tangible assets	11.9		%	13.1		%	11.6		%	12.7		%	11.5		%


FB Financial Corporation						22


Non-GAAP Reconciliations (continued)

(Unaudited)
(Dollars in Thousands)


	Three Months Ended															Nine Months Ended
Adjusted return on average tangible common equity and related measures	Sep 2025			Jun 2025			Mar 2025			Dec 2024			Sep 2024			Sep 2025			Sep 2024
Average common shareholders’ equity	$	1,977,785		$	1,583,099		$	1,583,958		$	1,564,503		$	1,523,597		$	1,716,391		$	1,486,010
Less average goodwill	350,355			242,561			242,561			242,561			242,561			278,887			242,561
Less average intangibles, net	34,983			4,791			5,426			6,107			6,795			15,175			7,536
Average tangible common equity	$	1,592,447		$	1,335,747		$	1,335,971		$	1,315,835		$	1,274,241		$	1,422,329		$	1,235,913
Net income	$	23,375		$	2,909		$	39,361		$	37,886		$	10,220		$	65,645		$	78,149
Return on average common equity	4.69		%	0.74		%	10.1		%	9.63		%	2.67		%	5.11		%	7.02		%
Return on average tangible common equity	5.82		%	0.87		%	11.9		%	11.5		%	3.19		%	6.17		%	8.45		%
Adjusted tangible net income	$	59,144		$	41,288		$	40,593		$	40,343		$	40,663		$	141,025		$	121,117
Adjusted return on average tangible common equity	14.7		%	12.4		%	12.3		%	12.2		%	12.7		%	13.3		%	13.1		%












	Three Months Ended															Nine Months Ended
Adjusted return on average assets, common equity and related measures	Sep 2025			Jun 2025			Mar 2025			Dec 2024			Sep 2024			Sep 2025			Sep 2024
Net income	$	23,375		$	2,909		$	39,361		$	37,886		$	10,220		$	65,645		$	78,149
Average assets	16,007,788			13,032,490			13,206,969			13,194,195			12,741,950			14,092,675			12,568,458
Average common equity	1,977,785			1,583,099			1,583,958			1,564,503			1,523,597			1,716,391			1,486,010
Return on average assets	0.58		%	0.09		%	1.21		%	1.14		%	0.32		%	0.62		%	0.83		%
Return on average common equity	4.69		%	0.74		%	10.1		%	9.63		%	2.67		%	5.11		%	7.02		%
Adjusted net income	$	57,606		$	40,821		$	40,108		$	39,835		$	40,132		$	138,535		$	119,446
Adjusted return on average assets	1.43		%	1.26		%	1.23		%	1.20		%	1.25		%	1.31		%	1.27		%
Adjusted return on average common equity	11.6		%	10.3		%	10.3		%	10.1		%	10.5		%	10.8		%	10.7		%













Adjusted pre-tax pre-provision net income	$	80,980		$	58,649		$	52,134		$	59,829		$	53,762		$	191,763		$	157,311
Adjusted pre-tax pre-provision return on average assets	2.01		%	1.81		%	1.60		%	1.80		%	1.68		%	1.82		%	1.67		%


FB Financial Corporation						23

October 14, 2025 2025 Third Quarter Earnings Presentation

1 Forward–looking statements Certain statements contained in this Presentation that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the Company’s future plans, results, strategies, and expectations, including expectations around changing economic markets and statements regarding the merger of Southern States Bancshares, Inc. (“Southern States”) with the Company (the “Merger”) and expectations with regard to the benefits of the Merger. These statements can generally be identified by the use of the words and phrases “may,” “will,” “should,” “could,” “would,” “goal,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target,” “aim,” “predict,” “continue,” “seek,” and other variations of such words and phrases and similar expressions. These forward-looking statements are not historical facts, and are based upon management’s current expectations, estimates, and projections, many of which, by their nature, are inherently uncertain and beyond the Company’s control. The inclusion of these forward-looking statements should not be regarded as a representation by the Company or any other person that such expectations, estimates, and projections will be achieved. Accordingly, the Company cautions shareholders and investors that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, and uncertainties that are difficult to predict. Actual results may prove to be materially different from the results expressed or implied by the forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements including, without limitation, (1) current and future economic conditions, including the effects of inflation, interest rate fluctuations, changes in the economy or global supply chain, supply-demand imbalances affecting local real estate prices, and high unemployment rates in the local or regional economies in which the Company operates and/or the US economy generally, (2) changes or the lack of changes in government interest rate policies and the associated impact on the Company’s business, net interest margin, and mortgage operations, (3) increased competition for deposits, (4) changes in the quality or composition of the Company’s loan or investment portfolios, including adverse developments in borrower industries or in the repayment ability of individual borrowers or issuers of investment securities, or the impact of interest rates on the value of our investment securities portfolio, (5) any deterioration in commercial real estate market fundamentals, (6) risks associated with the Merger, including (a) the risk that the cost savings and any revenue synergies from the Merger is less than or different from expectations, (b) disruption from the Merger with customer, supplier, or employee relationships,(c) the possibility that the costs, fees, expenses and charges related to the Merger may be greater than anticipated, including as a result of unexpected or unknown factors, events, or liabilities, (d) the risks related to the integration of the combined businesses, including the risk that the integration will be materially delayed or will be more costly or difficult than expected, (e) the diversion of management time on merger-related issues, (f) the ability of the Company to effectively manage the larger and more complex operations of the combined company following the Merger, (g) the risk of expansion into new geographic or product markets, (h) reputational risk and the reaction of the parties’ customers to the Merger, (i) the Company’s ability to successfully execute its various business strategies, including its ability to execute on potential acquisition opportunities, and (j) the risk of potential litigation or regulatory action related to the Merger, (7) the Company’s ability to identify potential candidates for, consummate, and achieve synergies from, other potential future acquisitions, (8) the Company’s ability to manage any unexpected outflows of uninsured deposits and avoid selling investment securities or other assets at an unfavorable time or at a loss, (9) the Company’s ability to successfully execute its various business strategies, (10) changes in state and federal legislation, regulations or policies applicable to banks and other financial service providers, including legislative developments, (11) the effectiveness of the Company’s controls and procedures to detect, prevent, mitigate and otherwise manage the risk of fraud or misconduct by internal or external parties, including attempted physical-security and cybersecurity attacks, denial-of-service attacks, hacking, phishing, social-engineering attacks, malware intrusion, data-corruption attempts, system breaches, identity theft, ransomware attacks, environmental conditions, and intentional acts of destruction, (12) the Company’s dependence on information technology systems of third party service providers and the risk of systems failures, interruptions, or breaches of security, (13) the impact, extent and timing of technological changes, (14) concentrations of credit or deposit exposure, (15) the impact of natural disasters, pandemics, acts of war or terrorism, or other catastrophic events, (16) events giving rise to international or regional political instability, including the broader impacts of such events on financial markets and/or global macroeconomic environments, and/or (17) general competitive, economic, political, and market conditions. Further information regarding the Company and factors which could affect the forward-looking statements contained herein can be found in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024, and in any of the Company’s subsequent filings with the SEC. Many of these factors are beyond the Company’s ability to control or predict. If one or more events related to these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may differ materially from the forward-looking statements. Accordingly, shareholders and investors should not place undue reliance on any such forward-looking statements. Any forward-looking statement speaks only as of the date of this Presentation, and the Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law. New risks and uncertainties may emerge from time to time, and it is not possible for the Company to predict their occurrence or how they will affect the Company. The Company qualifies all forward-looking statements by these cautionary statements.

2 Use of non-GAAP financial measures This Presentation contains certain financial measures that are not measures recognized under U.S. generally accepted accounting principles (“GAAP”) and therefore are considered non-GAAP financial measures. These non-GAAP financial measures may include, without limitation, adjusted net income, adjusted diluted earnings per common share, adjusted pre-tax pre-provision net revenue, consolidated and segment core revenue, consolidated and segment core noninterest expense and core noninterest income, consolidated and segment core efficiency ratio (tax-equivalent basis), adjusted return on average assets and equity, and adjusted pre-tax pre-provision return on average assets. Each of these non-GAAP metrics excludes certain income and expense items that the Company’s management considers to be non-core/adjusted in nature. The Company refers to these non-GAAP measures as adjusted (or core) measures. Also, the Company presents tangible assets, tangible common equity, tangible book value per common share, tangible common equity to tangible assets, on-balance sheet liquidity to tangible assets, return on average tangible common equity, and adjusted return on average tangible common equity. Each of these non-GAAP metrics excludes the impact of goodwill and other intangibles. Additionally, the Company presents adjusted risk-weighted assets, adjusted common equity tier 1 capital and adjusted total risk-based capital to show the impact if all available-for-sale securities were sold. Adjusted risk-weighted assets excludes the book value and net unrealized loss of the available-for-sale securities portfolio. Adjusted common equity tier 1 and adjusted total risk-based capital includes the portion of accumulated other comprehensive income related to available-for-sale securities that the Company has elected to remove from the capital calculations in accordance with the capital rules. The Company’s management uses these non-GAAP financial measures in their analysis of the Company’s performance, financial condition and the efficiency of its operations as management believes such measures facilitate period-to-period comparisons and provide meaningful indications of its operating performance as they eliminate both gains and charges that management views as non-recurring or not indicative of operating performance. Management believes that these non- GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-core gains and charges in the current and prior periods. The Company’s management also believes that investors find these non- GAAP financial measures useful as they assist investors in understanding the Company’s underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company’s results to the results of other companies. Also, since investors may assess the Company’s capital adequacy with the impact of the net unrealized losses on available-for-sale securities, the Company believes that it is useful to provide investors the ability to assess the Company’s capital adequacy as if all available-for-sale securities were sold. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures. See the corresponding non-GAAP reconciliation tables below in this Presentation for additional discussion and reconciliation of these measures to the most directly comparable GAAP financial measures.

3 3Q 2025 Results 1 Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. Reported Adjusted1 Diluted earnings per common share $0.43 $1.07 Pre-Tax Pre-Provision Net Revenue ($mm) $64.0 $81.0 Net interest margin (tax-equivalent basis) 3.95% 3.95% Efficiency Ratio 63.2% 53.3% Return on average assets 0.58% 1.43% Return on average tangible common equity1 5.82% 14.7% Key highlights Earnings • Net income of $23.4 million or $57.6 million (adjusted) • Adjusted net income excludes $44 million in pre-tax merger related provision and integration expense • NIM expansion to 3.95% and improved efficiency ratio • Strong ROAA & ROATCE (after merger-related adjustments) Balance Sheet • Merger adds balance sheet scale – $16.2B in assets, $12.3B in loans, & $13.8B in deposits at quarter-end • Annualized loan growth of 5% (ex. merger impact) Credit • ACL coverage ratio of 1.50% • Annualized net charge-offs of 0.05% • Day one provision expense from acquisition of $28.4 million Capital • Capital position remains strong – • Tangible Common Equity to Tangible Assets1 10.1% • CET 1 Ratio 11.7% and Total Risk-Based Capital 13.5% (preliminary) • C&D and CRE concentration ratios within target ranges M&A • Merger completed with Southern States Bancshares Inc. (“SSBK”) – deal closed and systems converted in 3Q • 3Q represents a full quarter of combined company results • Deal synergies ahead of schedule  100% expected beginning 1/1/2026

4 3Q 2025 Earnings Quarter ended $ Change from $ in thousands, except per share data 3Q25 2Q25 3Q24 2Q25 3Q24 Total Revenue 173,875 76,863 89,520 97,012 84,355 Provision for credit losses 34,417 5,337 1,914 29,080 32,503 Noninterest Expense 109,856 81,261 76,212 28,595 33,644 Pre-tax (loss) income 29,602 (9,735) 11,394 39,337 18,208 Income tax (benefit) expense 6,227 (12,652) 1,174 18,879 5,053 Noncontrolling Interest - 8 - (8) - Net income 23,375 2,909 10,220 20,466 13,155 Selected items impact1 34,231 37,912 29,912 (3,681) 4,319 Adjusted net income2 57,606 40,821 40,132 16,785 17,474 Diluted earnings per share $ 0.43 $ 0.06 $ 0.22 $ 0.37 $ 0.21 Adjusted diluted earnings per share2 $ 1.07 $ 0.88 $ 0.86 $ 0.19 $0.21 Selected Items Impact1 3Q25 Income before income taxes 29,602 Plus initial provision for credit losses on acquired loans and unfunded commitments 28,366 Plus merger and integration costs 16,057 Less other items, net (904) Income tax expense, adjusted for items above 17,323 Adjusted Net Income2 57,606 Net Income 23,375 Selected items impact1 34,231 1 Non-GAAP financial measure; Represents the aggregate total of items that comprise the difference between Net Income and Adjusted Net Income. See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. • 3Q results include a full quarter’s impact from Southern States merger • Net interest income up due to larger balance sheet and accretive impact from acquired loans • Provision expense includes day one impact of reserves for acquired non-PCD loans and unfunded commitments • Noninterest expense up across most categories from the addition of Southern States & higher performance- based incentive accruals • M&I costs peaked in 3Q from deal closure & conversion

5 Driving shareholder value ¹ Non-GAAP financial measure; See “Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 3Q25 calculation is preliminary and subject to change. $2.64 $2.57 $2.48 $1.34 $2.92 $3.01 $3.40 $2.82 2022 2023 2024 YTD Earnings per share Adjusted earnings per share Earnings per Share $14 $14 $20 $22 $25 $27 $30 $28 $31 $34 $37 $12 $12 $15 $17 $19 $22 $25 $23 $26 $28 $30 3Q16 2016 2017 2018 2019 2020 2021 2022 2023 2024 3Q25 BVPS TBVPS 15.1% 15.2% 15.2% 14.7% 13.5% 3Q24 4Q24 1Q25 2Q25 3Q25 0.96% 0.87% 0.79% 0.97% 0.94% 3Q24 4Q24 1Q25 2Q25 3Q25 $53.8 $59.8 $52.1 $58.6 $81.0 3Q24 4Q24 1Q25 2Q25 3Q25 Book Value per Share Total RBC Ratio2 NPLs / Total Loans HFIAdjusted ROATCE1Adjusted PPNR1 (in millions) 1 1 $1,313 $1,319 $1,354 $1,364 $1,594 12.7% 12.2% 12.3% 12.4% 14.7% 3Q24 4Q24 1Q25 2Q25 3Q25 Tangible Common Equity Adj ROATCE11

6 Net Interest Margin $106.6 $109.0 $108.4 $112.2 $148.1 3.55% 3.50% 3.55% 3.68% 3.95% 3Q24 4Q24 1Q25 2Q25 3Q25 FTE NII / NIM Trend ($ in millions) Net Interest Income (NII) Net Interest Margin (NIM) Highlights Net Interest Income Rollforward ($ in thousands) 2Q25 Net Interest Income 112,236 Impact of loan rate & volume changes 40,965 Impact of deposit rate changes 2,929 Impact of deposit volume changes (19,688) SSBK purchase mark accretion/(amortization) 6,162 Impact of change in cash 5,250 Day count & other 234 3Q25 Net Interest Income 148,088 • Increased net interest income (NII) from the addition of Southern States’ balance sheet in the period, coupled with organic QoQ loan growth • Net interest margin (NIM) benefits from Southern States historically higher pre-merger margin • Net impact of accretion/(amortization) from Southern States totalled ~$6.2 million • ~7mm from loans & ~($838) thousand from deposits/debt

7 Noninterest Income & Expense $76.2 $81.3 $109.9 85.1% 105.7% 63.2% 3Q24 2Q25 3Q25 Noninterest Expense ($ millions) Noninterest Expense Efficiency Ratio $76.2 $78.5 $93.5 58.4% 56.9% 53.3% 3Q24 2Q25 3Q25 Core Noninterest Expense ($ millions) Core Noninterest Expense Core Efficiency Ratio $(16.5) $(34.6) $26.6 $24.0 $25.8 $27.3 Noninterest Income ($ millions) Noninterest Income Core Noninterest Income Highlights 1 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 1 1 1 Noninterest income: • Increase of $455 thousand in Mortgage and $305 thousand in Investment Svc • Service charges & ATM/Interchange up as a result of the Southern States acquisition • Compared quarters include securities sale losses of ~$60 million and ~$40 million, in 2Q25 and 3Q24, respectively Noninterest expense: • Full quarter impact from Southern States acquisition – notable impacts in Salaries & Benefits and Occupancy expense • Higher performance-based incentive accruals compared to prior quarter • Non-recurring merger & integration expenses for Southern States transaction peaked in the quarter 2Q253Q24 3Q25

8 Loans HFI $9.48 $9.60 $9.77 $9.87 $12.30 6.70% 6.51% 6.41% 6.44% 6.75% 3Q 24 4Q 24 1Q 25 2Q25 3Q25 Loans HFI / Total Yield ($ billions) Loans HFI Total Loan HFI Yield 1-4 family 15% 1-4 family HELOC 6% Multifamily 6% C&D 10% CRE 23% C&I 35% Other 5% Portfolio Mix $12.3 Billion 1 C&I includes owner-occupied CRE. 2 Excludes owner-occupied CRE. Note: Loan yield shown above includes a tax-equivalent adjustment using combined marginal tax rate of 26.06%. 1 2 • ~$2.3 billion in loan HFI balances acquired during the quarter due to the completion of the Southern States merger • Organic loan growth in the combined company loan portfolio of ~$156mm, or 5% annualized • Notable organic growth categories include – Residential real-estate, Owner-occupied commercial real estate, and Consumer & Other • Lift in loan yield attributable to historically higher yield on acquired Southern States portfolio, coupled with new loan origination activity coming on at rates higher than the portfolio average

9 Residential Development 38% Commercial 38% Consumer 16% Multifamily 8% Construction 28% Land 6% Lots 4% Office 18% Retail 22% Hotel 17% Warehouse/Industrial 18% Land-Manufactured Housing 4% Self Storage 5% Healthcare Facility 2% Assisted Living Facility 5% Other 9% Diversified loan portfolio CRE2 exposure by type Note: Data as of September 30, 20251 C&I includes owner-occupied CRE. 2 Excludes owner-occupied CRE. C&D exposure by type C&I1 Exposure by Industry ($ millions) Industry C&I CRE-OO Total % of Total Real estate rental and leasing $314 $343 $657 15% Manufacturing 230 239 469 11% Retail trade 89 301 390 9% Other services (except public administration) 67 279 346 8% Finance and insurance 314 18 332 8% Wholesale trade 174 134 308 7% Health care and social assistance 56 212 268 6% Construction 160 101 261 6% Accommodation and food services 75 153 228 5% Information 184 15 199 5% Professional, scientific and technical services 132 55 187 5% Transportation and warehousing 96 67 163 4% Administrative and support and waste management and remediation services 79 35 114 3% Arts, entertainment and recreation 44 45 89 2% Other 141 128 269 6% Total $2,155 $2,125 $4,280 100% Land 21% Retail 2% Other 15% Construction 13% Land 3%

10 Nashville 43% Memphis 8%Knoxville 3% Huntsville 6% Birmingham 11% Chattanooga 1% Other 9% Communities 19% Class A 26% Class B 41% Class C 12% Under $2 Million 21% Office exposure • Office loans as of 3Q25 – • Represent 4% of total Loans HFI population • 99% of portfolio is pass rated and current • 29% of portfolio matures by year-end 2026 • 55% fixed rate & 45% floating rate • Continuous monitoring of office loans greater than $2 million shows minimal concerns • Projects generally characterized by 25-30% cash equity requirement, loan to value maximums of 70%-75% at origination, and requests for guarantors Geographic exposure Note: Data as of September 30, 2025. Data is only non-owner occupied CRE & C&D loans. Data excludes medical office buildings. Credit detail by class Class Outstanding Avg. Balance Wtd. Avg. LTV Wtd. Avg Occupancy Class A > $2 million $142.3 $9.5 49.4% 94.5% Class B > $2 million 229.7 5.7 63.3% 79.9% Class C > $2 million 64.0 5.8 64.0% 83.9% Total > $2 million 436.0 6.6 58.9% 85.2% Total < $2 million 119.1 0.6 N/A N/A Total Office $555.1 $2.0 N/A NA Exposure by class

11 Valuable deposit base Cost of deposits 20.3% 18.9% 19.3% 19.2% 19.5% 2.83% 2.70% 2.54% 2.48% 2.53% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 3Q24 4Q24 1Q25 2Q25 3Q25 Noninterest-bearing as % of total deposits Cost of total deposits (%) Deposits by customer segment ($billions) • ~$2.5 billion in deposit balances acquired during the quarter due to the completion of the Southern States merger • Post-merger net deposit balances declined during the quarter by ~$59 million • Strategic run-off of higher cost non-relationship deposits & brokered deposit balances • Run-off balances partially replaced with core bank deposits generated through retail bank deposit gathering programs Highlights Noninterest -bearing checking 19% Interest- bearing checking 18% Money market & savings 43% Time 20% 37% Checking accounts 3Q25 Deposit composition $4.7 $4.9 $4.9 $4.8 $6.0 $4.9 $4.8 $4.7 $4.8 $6.0 $1.4 $1.6 $1.6 $1.8 $1.8 3Q24 4Q24 1Q25 2Q25 3Q25 Consumer Commercial Public $11.0 $11.3 $11.2 $11.4 $13.8

12 Asset Quality Metrics 0.76% 0.69% 0.63% 0.76% 0.76% 0.23% 0.24% 0.21% 0.16% 0.13% 0.99% 0.93% 0.84% 0.92% 0.89% 3Q24 4Q24 1Q25 2Q25 3Q25 Nonperforming Assets / Assets Other NPAs Optional GNMA repurchase • Allowance build driven by the completion of the Southern States merger, which includes an allowance build of $7.5 million for PCD loans and $25.1 million for non-PCD loans • Reported provision expense of $34.4 million, includes day one provision expense of $25.1 million for acquired non- PCD loans and $3.2 million for unfunded commitments • Provision expense (excluding merger-related impact) of $6.1 million due to balance growth and changes in economic forecast $156 $152 $151 $149 $185 1.65% 1.58% 1.54% 1.51% 1.50% 3Q24 4Q24 1Q25 2Q25 3Q25 Allowance for Credit Losses & Coverage Ratio ($ millions) ACL ACL Coverage Ratio 1 Excludes the impact of the day one provision expense for non-PCD acquired loans and unfunded commitments from the Southern States merger. 2 Includes other real estate owned and repossessed assets–see page 14 of the Third Quarter 2025 Financial Supplement. Highlights 2 $1,914 $7,084 $2,292 $5,337 $34,417 0.03% 0.47% 0.14% 0.02% 0.05% 3Q24 4Q24 1Q25 2Q25 3Q25 Provision for Credit Losses & Net Charge Offs ($ thousands) Provision for Credit Losses NCO Ratio (ann.) $28.4MM Day one Provision Expense $6.1MM Prov Expense 1

13 1.65% 1.43% 1.20% 0.87% 2.83% 1.47% 1.61% 1.81% 3.96% 1.51% 1.13% 1.20% 0.87% 2.14% 1.86% 1.82% 1.35% 3.10% 1.50% 1.21% 1.18% 0.96% 2.33% 1.60% 1.78% 1.48% 3.35% Gross Loans HFI Commercial & Industrial Non-Owner Occ CRE Owner Occ CRE Construction Multifamily 1-4 Family Mortgage 1-4 Family HELOC Consumer & Other 3Q24 2Q25 3Q25 Allowance Modeling & Reserve Allocation ACL on loans HFI / Loans HFI by category • QoQ decline in the National Housing Price Index (HPI) forecast assumption drove increased reserves in portfolios that correlate closely to that metric – namely Construction, HELOC, and portions of Consumer & Other • Other forecast assumptions remained relatively steady • 1.50% ACL coverage ratio at period end Key forecast inputs1 4Q25 1Q26 2Q26 3Q26 National Unemployment Rate 4.4 4.5 4.6 4.7 CRE Price Index 1.1 1.3 1.3 1.4 National Housing Price Index 1.2 2.3 (1.2) (1.6) Prime Rate 6.5 6.3 6.0 5.8 1 Source: Moody’s “September 2025 U.S. Macroeconomic Outlook Baseline Scenario”, with the exception of the National Housing Price Index which also incorporates components of the Mortgage Bankers Association Mortgage Finance Forecast, September 2025.

14 Capital & Liquidity Simple Capital Structure Common Equity Tier 1 Capital 86% Subordinated Notes 5% Tier 2 ACL 9% Total regulatory capital: $1,924 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein. 2 3Q25 calculation is preliminary and subject to change. 3 Includes capacity from internal policy and does not include loans held at the REIT that could be pledged for additional capacity. On-balance sheet liquidity ($mm) $1,462 $1,644 $1,498 $1,713 $1,890 11.5% 12.7% 11.6% 13.1% 11.9% 3Q24 4Q24 1Q25 2Q25 3Q25 On-balance sheet liquidity On-balance sheet liquidity / tangible assets Capital Position 3Q24 2Q25 3Q25 Shareholder’s Equity/Assets 12.1% 12.1% 12.2% TCE/TA1 10.4% 10.4% 10.1% Common Equity Tier 12 12.7% 12.3% 11.7% Tier 1 Risk-Based2 13.0% 12.6% 11.7% Total Risk-Based2 15.1% 14.7% 13.5% AOCI Adjusted Ratios:1,2 Adj. Common Equity Tier 1 11.5% Adjusted Total Risk-Based 13.3% 1 • Capital and liquidity levels remain strong and better than originally projected post-merger with Southern States • Executed ~$24 million in share buy backs in 3Q25 • Securities portfolio makes up 9% of total assets and does not include any HTM securities • 3Q25 available sources of liquidity – • $1.9 billion on-balance sheet • $7.8 billion Total other sources3

15 Mortgage results • Mortgage segment pre-tax net contribution of $2.7 million, driven by lower provision and expenses • The elevated provision expense in 2Q25 did not repeat, increase was a one-time item related to a change in accounting estimate for ACL in 2Q • Lower lock and loan sale volumes in 3Q, more than offset by favorable valuation adjustments on loans held- for-sale (HFS) and mortgage servicing rights, net of hedging 2.84% 2.71% 2.51% 2.86% 2.69% 3Q24 4Q24 1Q25 2Q25 3Q25 Interest rate lock commitment volume ($mm) Mortgage gain on sale margin $314 $258 $329 $402 $272 $67 $58 $53 $55 $72 $381 $316 $382 $457 $344 3Q24 4Q24 1Q25 2Q25 3Q25 Purchase Refinance Highlights Mortgage Banking Segment ($ thousands) 3Q24 2Q25 3Q25 Total Revenue $ 13,555 $ 15,674 $ 15,938 Provision for loan losses 53 4,755 347 Noninterest expense 13,098 13,931 12,887 Pre-tax net contribution (loss) after allocations 404 (3,012) 2,704 Total Assets 583,087 617,408 646,805 Efficiency Ratio 96.6% 88.9% 80.9% Core Efficiency Ratio1 96.7% 89.1% 80.9% 1 Non-GAAP financial measure; See "Use of non-GAAP Financial Measures” and Non-GAAP reconciliations herein.

16 FBK & SSBK Combination Summary Deal Announced March 31, 2025 Regulatory Approval June 12, 2025 Shareholder Approval June 26, 2025 Legal Close July 1, 2025 System Conversion Completed Sept. 2, 2025 Merger timeline: Merger update:  Deal closed July 1, 2025 ~90 days from announcement to close  System conversion complete  Deal synergies finalized  Deal economics remain solid  All team members onboarded & working as one organization  All clients converted & being served under FirstBank brand Deal metrics Deal Assumptions Status Close timeline 4Q25 3Q 25 close & conversion Cost savings 25% in 2025 75% in 2026 100% thereafter 50% in 2025 100% in 2026 100% thereafter Transaction Costs ~$38 million Better than expected 2026 EPS accretion ~12% Better than expected 2026 Efficiency ratio ~50% On track Tangible book value per share dilution (%) < (4.0%) On track TBV earn back < 2 years Better than expected 1 Represents transaction costs recorded at Southern States pre-close and costs recorded at FBK pre & post close.

17 3Q earnings impact Loans HFI mark accretion ~$7 million Time-deposit mark amortization ~$500 thousand Sub-Debt mark amortization ~$330 thousand Core deposit intangible (CDI) amortization ~$1.5 million Day 1 Provision Expense ~$28.4 million Southern States Deal Summary $ Millions Total deal consideration $ 368 SSBK common equity at close 290 Purchase accounting adjustments: Loan marks (71) Securities marks (3) Sub-debt marks 9 Core deposit intangible (CDI) 31 Other, net 3 Total adjustments (30) Goodwill created $ 108 FBK & SSBK Combination Purchase Accounting Impact

18 Appendix

19 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share

20 GAAP reconciliations and use of non-GAAP financial measures Adjusted net income and diluted earnings per share

21 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue

22 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income

23 GAAP reconciliations and use of non-GAAP financial measures Adjusted pre-tax pre-provision net revenue

24 GAAP reconciliations and use of non-GAAP financial measures Adjusted tangible net income

25 GAAP reconciliations and use of non-GAAP financial measures Adjusted Common Equity Tier 1 and Total Risk-Based capital ratios

26 GAAP reconciliations and use of non-GAAP financial measures Core efficiency ratio (tax-equivalent basis)

27 GAAP reconciliations and use of non-GAAP financial measures Banking segment core efficiency ratio (tax-equivalent)

28 GAAP reconciliations and use of non-GAAP financial measures Mortgage segment core efficiency ratio (tax-equivalent)

29 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures

30 GAAP reconciliations and use of non-GAAP financial measures Tangible assets, common equity and related measures

31 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures

32 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets, common equity and related measures

33 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average tangible common equity and related measures

34 GAAP reconciliations and use of non-GAAP financial measures Adjusted return on average assets and equity


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $1.00 par value	FBK	New York Stock Exchange


Exhibit Number						Description of Exhibit
99.1						Earnings Release issued October 14, 2025
99.2						Financial Supplement for the quarter ended September 30, 2025
99.3						Earnings Presentation dated October 14, 2025
104						Cover Page Interactive Data File (formatted as inline XBRL document)


	FB FINANCIAL CORPORATION


	By:	/s/ Michael M. Mettee
		Michael M. Mettee
		Chief Financial Officer & Chief Operating Officer
		(Principal Financial Officer)
Date: October 14, 2025


☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)


☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)


☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))