FB Financial Named Best Bank Stock of 2017
A prominent national investment website has ranked FB Financial Corp., the parent company of Nashville-based FirstBank, as the highest-performing bank stock in the country for 2017.
Writing for The Motley Fool, columnist Matthew Frankel said FB Financial had an extremely successful year in 2017, especially in regards to its acquisition of Clayton Banks in June, which added $1.2 billion in assets and increased its loan portfolio by more than 14 percent.
The bank also improved its efficiency.
In fact, since the end of 2015, Frankel said FB Financial’s efficiency ratio has dropped from 73.1 percent to 68.8 percent.
“If all of these trends continue (growth, profitability, and efficiency), there could be more good times ahead for FB Financial shareholders,” he said, according to the release.
FirstBank has again earned a coveted Five-Star Superior Rating from BauerFinancial, the nation’s best bank rating service analyzing and reporting on the financial condition of the nation’s banking industry since 1983. This means we’re one of the strongest financial institutions in the nation. Bank local at FirstBank and bank strong.