FB Financial Corp authorizes $175M stock buyback

By Chris Stiles • Tuesday, April 28 03:33 • Permanent Link

FB Financial Corporation authorized up to $175 million of common stock repurchases, with the new program running through June 30, 2027.

The authorization replaces a prior repurchase program that had been set to expire on January 31, 2027, extending the company’s buyback window by five months.

The company said the board approved the move as a capital-management decision, and management will determine the timing and size of repurchases based on market conditions, stock price, regulatory requirements, alternative capital uses and financial performance.

FB Financial, the parent of FirstBank, said it operates 90 full-service branches across Tennessee, Kentucky, Alabama and Georgia and has about $16.5 billion in total assets. As a result of these announcements, the company's shares have moved -1.25% on the market, and are now trading at a price of $53.58. For the full picture, make sure to review FB Financial Corp's 8-K report.

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