NASHVILLE - FB Financial Corporation (NYSE: FBK ) reported fourth quarter earnings that beat analyst expectations, sending shares up 1.91% in pre-market trading Tuesday.

The parent company of FirstBank posted adjusted earnings per share of $0.85 for Q4 2024, topping the consensus estimate of $0.84.

Revenue came in at $130.38 million, slightly below the $131.14 million analysts were expecting.

Net interest income rose to $108.4 million in Q4, up from $106 million in Q3 and $101.1 million in Q4 2023. The company's net interest margin was 3.50% for the quarter, compared to 3.55% in Q3 and 3.46% a year ago.

"The Company continued producing both deposit and loan growth during the quarter, resulting in increased net interest income," said President and CEO Christopher T. Holmes.

Total (EPA: TTEF ) loans held for investment grew 5.22% annualized in Q4 to $9.60 billion. Total deposits increased 8.49% annualized to $11.21 billion.

FB Financial reported net charge-offs of $11.3 million in Q4, representing 0.47% of average loans on an annualized basis.

This compares to net charge-offs of 0.03% in Q3 and net recoveries of 0.04% in Q4 2023.

The company's allowance for credit losses on loans stood at $151.9 million as of December 31, 2024, representing 1.58% of loans held for investment.

Looking ahead, Holmes said FB Financial is "well situated for opportunities or challenges, but are optimistic about a strong economic environment in our markets in 2025."

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