FB Financial Corporation Announces $100 Million Common Stock Repurchase Authorization
NASHVILLE, Tenn.—March 14, 2022—FB Financial Corporation (NYSE: FBK), the parent company of FirstBank, announced that its Board of Directors has authorized and empowered a special committee of the Board of Directors to commence a stock repurchase program of up to $100 million of the Company’s outstanding common stock. The repurchase authorization will be in place until January 31, 2024, and replaces the Company’s previous authorization, which expires on March 31, 2022.
Christopher T. Holmes, President and Chief Executive Officer, commented, “This repurchase authorization reflects the Company’s financial strength and strong profitability. Our management team is keenly focused on deploying capital to deliver superior returns and to create long-term value. This program provides another arrow in our quiver to manage capital and maximize earnings per share.”
The timing and amount of any shares of the Company’s common stock that are repurchased under the program will be determined by the Company’s management based on its evaluation of market conditions and other factors. Repurchases may be executed through the open market or in privately negotiated transactions, including under Rule 10b5-1 plans.
ABOUT FB FINANCIAL CORPORATION
FB Financial Corporation (NYSE: FBK) is a bank holding company headquartered in Nashville, Tennessee. FB Financial Corporation operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered community bank, with 82 full-service bank branches across Tennessee, Kentucky, Alabama and North Georgia, and mortgage offices across the Southeast. FirstBank serves five of the largest metropolitan markets in Tennessee and has approximately $12.6 billion in total assets.
CONTACT:
MEDIA CONTACT:
Jeanie M. Rittenberry
615-313-8328
jrittenberry@firstbankonline.com
www.firstbankonline.com
FINANCIAL CONTACT:
Robert Hoehn
615-564-1212
rhoehn@firstbankonline.com
investorrelations@firstbankonline.com
Press Contact
Jeanie Rittenberry
FirstBank SVP, Marketing
jrittenberry@firstbankonline.com
Call 615-313-8328
Connect With Us
On Social Media
Get financial tips and stay up to date with FirstBank news in your community.
Find Events
In Your Community
Check out local events in our branches or community events we sponsor.
To be named as one of the 90 Best Banks To Work For in America, we work every day to ensure that associates are engaged, having fun and enjoy what they are doing. American Banker bases their rankings on extensive workplace surveys and reviews of employer benefits and policies.
For more information on American Banker, visit www.americanbanker.com.
7 am – 4 pm CST Saturday Call 1-800-413-4211