Benchmark reiterates Buy on FB Financial stock, keeps $64 target

Benchmark reiterates Buy on FB Financial stock, keeps $64 target

US concludes third round of strikes against Iran after Trump reinstates blockade Investing.com - Benchmark reiterated a Buy rating and $64.00 price target on FB Financial (NYSE:FBK) following the company’s earnings report. The target aligns with InvestingPro analysis, which indicates the stock is currently undervalued at $56.57, trading below its Fair Value. FB Financial reported core earnings of $1.14 per share, in line with consensus estimates and one cent below Benchmark’s forecast.

Reported earnings came in at $1.13 per share. The company maintains strong profitability with an 8% return on equity and has raised its dividend for eight consecutive years, according to InvestingPro Tips. For deeper insights, FB Financial is among 1,400+ US equities covered in comprehensive Pro Research Reports.

Pre-provision net revenue exceeded expectations due to top-line revenue growth and lower expenses than anticipated. Earnings per share was affected by higher loan loss provisioning than expected. Loan growth accelerated to 11.6% on a linked quarter annualized basis, while deposits grew 7.7% linked quarter annualized.

Demand deposit accounts increased 16.7% linked quarter annualized. The net interest margin expanded one basis point to 3.95% as loan yields declined three basis points to 6.48% and interest-bearing funding costs rose one basis point to 2.84%. In other recent news, FB Financial Corporation reported its first-quarter 2026 earnings, with an adjusted earnings per share (EPS) of $1.12, slightly exceeding the forecast of $1.10.

However, the company did not meet revenue expectations, reporting $172.34 million compared to the anticipated $175.42 million. Additionally, FB Financial’s board of directors authorized a stock repurchase program of up to $175 million, which will remain effective until June 30, 2027. This new program replaces the previous one, initially set to expire on January 31, 2027.

The board also declared a quarterly cash dividend of $0.21 per share, payable on May 26, 2026, to shareholders of record as of May 12, 2026. Analyst activity around FB Financial includes Keefe, Bruyette & Woods reiterating an Outperform rating, citing factors such as lower deposit costs and accelerated buyback activity. Benchmark initiated coverage on the stock with a buy rating and set a price target of $64.00.

These recent developments provide investors with insights into FB Financial’s strategic financial decisions and market perceptions.