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 is consistently named one of Middle Tennessee’s Top Workplaces by The Tennessean and after winning the impressive honor four times was inducted into the Hall of Fame. To be a Top Workplace, FirstBank meets high standards for a healthy workplace culture as ranked by its own employees.