FB Financial Corporation (FBK) Balance Sheet
FBK balance sheet, 2025
December 31, 2025 · U.S. dollars$16.30B assets = $14.35B liabilities + $1.95B equity
Both columns are drawn to the same scale: what FBK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FBK financial health
Descriptive bands, not a rating. Fiscal 2025.
FBK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.28B2016 | $16.30B2025 | +19.5%/yr | |
| Total liabilities | $2.95B2016 | $14.35B2025 | +19.2%/yr | |
| Shareholders’ equity | $330.5M2016 | $1.95B2025 | +21.8%/yr | |
| Cash & short-term investments | $705.5M2016 | $1.56B2025 | +9.2%/yr | |
| Total debt | $216.5M2016 | $283.2M2025 | +3.0%/yr | |
| Net cash (debt) | $489.0M2016 | $1.27B2025 | +$783.5M | |
| Working capital | −$2.13B2016 | −$12.43B2025 | −$10.3B | |
| Book value per share | $17.112016 | $36.712025 | +8.8%/yr | |
| Debt / equity | 0.652016 | 0.152025 | −0.51 | |
| Shares outstanding | 19.3M2016 | 53.1M2025 | +11.9%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FBK assets
FBK liabilities and equity
FBK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FBK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $1.56B | $1.74B | $1.71B | $2.29B | $3.35B | $2.37B | $789.9M | $749.7M | $597.6M | $705.5M |
| Cash & equivalents | $942.5M | $916.7M | $727.6M | $816.5M | $1.67B | $1.20B | $101.6M | $94.0M | $53.6M | $123.3M |
| Short-term investments | $613.2M | $826.7M | $978.2M | $1.47B | $1.68B | $1.17B | $688.4M | $655.7M | $544.0M | $582.2M |
| Receivables | $58.6M | $112.6M | $95.2M | $87.2M | $98.4M | $70.4M | $39.1M | $14.5M | $13.1M | $7.3M |
| Inventory | $0 | $0 | −$863.6M | −$1.09B | −$1.89B | −$1.40B | −$295.3M | $9.1M | $3.2M | $9.1M |
| Other current assets | $20.0M | $16.0M | $877.2M | $1.09B | $1.90B | $1.41B | $299.8M | $3.38B | $3.26B | $0 |
| Total current assets | $1.63B | $1.87B | $1.81B | $2.37B | $3.46B | $2.45B | $833.6M | $4.15B | $3.87B | $715.0M |
| Property, plant & equipment (net) | $231.6M | $196.9M | $210.0M | $206.4M | $185.4M | $194.7M | $122.7M | $86.9M | $81.6M | $66.7M |
| Goodwill & intangible assets | $531.3M | $411.7M | $416.0M | $423.3M | $375.0M | $346.1M | $264.2M | $237.6M | $228.2M | $85.8M |
| Long-term investments | $1.51B | $1.58B | $1.50B | $1.47B | $1.68B | $2.07B | $691.7M | $658.8M | $544.0M | $582.2M |
| Other non-current assets | $12.39B | $9.10B | $8.67B | $8.37B | $6.90B | $6.15B | $4.21B | $1.3M | $2.0M | $1.83B |
| Total assets | $16.30B | $13.16B | $12.60B | $12.85B | $12.60B | $11.21B | $6.12B | $5.14B | $4.73B | $3.28B |
| Liabilities | ||||||||||
| Accounts payable | $21.5M | $24.2M | $18.8M | $8.6M | $3.2M | $6.8M | $6.5M | $5.0M | $1.5M | $632,000 |
| Short-term debt | $99.9M | $13.5M | $108.8M | $69.8M | $46.4M | $55.2M | $35.5M | $1.01B | $190.0M | $171.6M |
| Deferred revenue | — | $1.38B | $1.47B | $1.42B | $1.10B | $1.38B | $1.17B | $1.02B | −$2.81B | −$2.15B |
| Total current liabilities | $14.06B | $11.28B | $10.69B | $10.88B | $10.86B | $9.50B | $4.96B | $5.0M | $191.5M | $2.85B |
| Long-term debt | $212.8M | $163.3M | $152.2M | $415.7M | $171.8M | $238.3M | $54.7M | $46.0M | $347.6M | $30.9M |
| Lease obligations | $60.6M | $60.0M | $67.6M | $69.8M | $46.4M | $55.2M | $35.5M | — | — | — |
| Other long-term liabilities | $79.0M | $151.5M | $303.1M | $228.5M | $131.0M | $177.0M | $350.0M | $201.1M | $0 | $65.7M |
| Total liabilities | $14.35B | $11.59B | $11.15B | $11.52B | $11.16B | $9.92B | $5.36B | $4.46B | $4.13B | $2.95B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $51.8M | $46.7M | $46.8M | $46.7M | $47.5M | $47.2M | $31.0M | $30.7M | $30.5M | $24.1M |
| Retained earnings (deficit) | $846.6M | $762.3M | $678.4M | $586.5M | $486.7M | $317.6M | $293.5M | $221.2M | $146.8M | $93.8M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$32.6M | −$101.7M | −$134.7M | −$169.4M | $5.9M | $27.6M | $12.1M | −$4.2M | $800,000 | −$874,000 |
| Minority interest | $93,000 | $93,000 | $93,000 | $93,000 | $93,000 | $93,000 | — | — | $0 | $0 |
| Total shareholders' equity | $1.95B | $1.57B | $1.45B | $1.33B | $1.43B | $1.29B | $762.3M | $671.9M | $596.7M | $330.5M |
| Key figures | ||||||||||
| Total debt | $283.2M | $246.6M | $468.4M | $495.0M | $226.5M | $299.7M | $345.7M | $1.06B | $537.6M | $216.5M |
| Net cash (debt) | $1.27B | $1.50B | $1.24B | $1.79B | $3.12B | $2.07B | $444.2M | −$307.9M | $60.0M | $489.0M |
| Working capital | −$12.43B | −$9.40B | −$8.88B | −$8.50B | −$7.40B | −$7.05B | −$4.12B | $4.15B | $3.68B | −$2.13B |
| Tangible book value | $1.42B | $1.16B | $1.04B | $902.1M | $1.06B | $945.2M | $498.2M | $434.2M | $368.5M | $244.7M |
| Book value per share | $36.71 | $33.47 | $31.07 | $28.06 | $29.87 | $33.89 | $24.28 | $21.45 | $21.15 | $17.11 |
| Shares outstanding | 53.1M | 46.8M | 46.8M | 47.2M | 48.0M | 38.1M | 31.4M | 31.3M | 28.2M | 19.3M |
| Current ratio | 0.12 | 0.17 | 0.17 | 0.22 | 0.32 | 0.26 | 0.17 | 827.94 | 20.22 | 0.25 |
| Quick ratio | 0.11 | 0.16 | 0.17 | 0.22 | 0.32 | 0.26 | 0.17 | 152.38 | 3.19 | 0.25 |
| Debt / equity | 0.15 | 0.16 | 0.32 | 0.37 | 0.16 | 0.23 | 0.45 | 1.57 | 0.90 | 0.65 |
| Equity / assets | 12.0% | 11.9% | 11.5% | 10.3% | 11.4% | 11.5% | 12.4% | 13.1% | 12.6% | 10.1% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $1.70B | $147.0M | $159.9M | $1.56B | $2.71B | $1.36B | $1.39B | $1.74B | $2.42B | $2.19B | $2.23B | $1.71B |
| Cash & equivalents | $157.8M | $147.0M | $159.9M | $942.5M | $1.28B | $813.6M | $684.7M | $916.7M | $854.5M | $709.0M | $769.9M | $727.6M |
| Short-term investments | $1.54B | $1.53B | $1.50B | $613.2M | $1.43B | $547.4M | $703.1M | $826.7M | $1.57B | $1.48B | $1.46B | $978.2M |
| Receivables | $60.4M | $58.8M | $59.8M | $58.6M | $60.8M | $50.4M | $51.3M | $112.6M | $52.2M | $52.8M | $53.5M | $95.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$1.75B | $748.1M | −$924.2M | −$906.2M |
| Other current assets | $0 | $0 | $0 | $20.0M | $0 | $0 | $0 | $16.0M | $1.75B | $0 | $924.2M | $919.8M |
| Total current assets | $1.76B | $205.8M | $219.7M | $1.63B | $2.77B | $1.41B | $1.44B | $1.87B | $2.47B | $2.24B | $2.29B | $1.81B |
| Property, plant & equipment (net) | $280.9M | $227.6M | $229.5M | $231.6M | $239.1M | $198.0M | $193.7M | $196.9M | $199.9M | $203.9M | $206.7M | $210.0M |
| Goodwill & intangible assets | $376.2M | $378.0M | $379.8M | $531.3M | $533.4M | $400.5M | $404.0M | $411.7M | $406.1M | $414.2M | $416.2M | $416.0M |
| Long-term investments | $0 | $1.53B | $637.2M | $1.51B | $610.2M | $547.4M | $703.1M | $1.58B | $1.57B | $1.48B | $1.46B | $1.50B |
| Other non-current assets | $14.68B | $14.46B | $15.00B | $12.39B | $12.09B | $10.80B | $10.40B | $9.10B | $8.27B | $8.19B | $8.17B | $8.67B |
| Total assets | $17.09B | $16.80B | $16.47B | $16.30B | $16.24B | $13.35B | $13.14B | $13.16B | $12.92B | $12.54B | $12.55B | $12.60B |
| Liabilities | ||||||||||||
| Accounts payable | — | — | — | $21.5M | — | — | — | $24.2M | −$1.44B | −$1.41B | −$1.54B | $18.8M |
| Short-term debt | — | $13.1M | $17.4M | $99.9M | $107.5M | $107.5M | — | $13.5M | $59.6M | $81.0M | $105.5M | $108.8M |
| Deferred revenue | — | $2.62B | $2.31B | — | — | — | — | — | $1.38B | $1.34B | $1.47B | −$138.6M |
| Total current liabilities | — | $13.1M | $17.4M | $14.06B | $13.92B | $11.40B | $11.20B | $11.28B | $10.98B | $10.47B | $10.50B | $10.69B |
| Long-term debt | $0 | $314.5M | $213.2M | $212.8M | $106.2M | $153.1M | $159.2M | $163.3M | $162.4M | $360.9M | $360.8M | $400.7M |
| Lease obligations | — | $57.9M | $59.1M | $60.6M | $62.7M | $59.3M | $59.2M | $60.0M | $59.6M | $61.9M | $64.6M | $67.6M |
| Other long-term liabilities | $15.16B | $14.54B | $14.26B | $79.0M | $231.7M | $186.5M | $173.2M | $151.5M | $219.2M | $205.6M | $203.0M | $54.5M |
| Total liabilities | $15.16B | $14.86B | $14.49B | $14.35B | $14.26B | $11.74B | $11.53B | $11.59B | $11.36B | $11.03B | $11.07B | $11.15B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $49.4M | $50.0M | $51.4M | $51.8M | $53.5M | $45.8M | $46.5M | $46.7M | $46.7M | $46.6M | $46.9M | $46.8M |
| Retained earnings (deficit) | $990.4M | $940.8M | $893.1M | $846.6M | $799.9M | $786.8M | $792.7M | $762.3M | $732.4M | $730.2M | $698.3M | $678.4M |
| Accumulated other comprehensive income | −$60.8M | −$35.5M | −$35.3M | −$32.6M | −$38.5M | −$44.0M | −$92.0M | −$101.7M | −$74.9M | −$131.8M | −$132.5M | −$134.7M |
| Minority interest | — | $93,000 | $93,000 | $93,000 | $93,000 | $93,000 | — | — | — | — | — | — |
| Total shareholders' equity | $1.93B | $1.94B | $1.97B | $1.95B | $1.98B | $1.61B | $1.60B | $1.57B | $1.56B | $1.50B | $1.48B | $1.45B |
| Key figures | ||||||||||||
| Total debt | $321.6M | $372.5M | $272.3M | $283.2M | $276.3M | $223.8M | $228.1M | $246.6M | $241.7M | $422.9M | $425.4M | $468.4M |
| Net cash (debt) | $1.37B | −$225.4M | −$112.4M | $1.27B | $2.43B | $1.14B | $1.16B | $1.50B | $2.18B | $1.77B | $1.81B | $1.24B |
| Working capital | — | $192.8M | $202.3M | −$12.43B | −$11.15B | −$9.99B | −$9.76B | −$9.40B | −$8.50B | −$8.22B | −$8.22B | −$8.88B |
| Tangible book value | $1.56B | $1.56B | $1.59B | $1.42B | $1.44B | $1.21B | $1.20B | $1.16B | $1.16B | $1.09B | $1.06B | $1.04B |
| Book value per share | $38.45 | $37.46 | $37.81 | $36.71 | $36.66 | $34.89 | $34.07 | $33.45 | $33.38 | $32.03 | $31.48 | $31.01 |
| Shares outstanding | 50.3M | 51.7M | 52.2M | 53.1M | 54.0M | 46.2M | 47.0M | 46.9M | 46.8M | 46.8M | 47.0M | 46.9M |
| Current ratio | — | 15.76 | 12.60 | 0.12 | 0.20 | 0.12 | 0.13 | 0.17 | 0.23 | 0.21 | 0.22 | 0.17 |
| Quick ratio | — | 15.76 | 12.60 | 0.11 | 0.20 | 0.12 | 0.13 | 0.16 | 0.23 | 0.21 | 0.22 | 0.17 |
| Debt / equity | 0.17 | 0.19 | 0.14 | 0.15 | 0.14 | 0.14 | 0.14 | 0.16 | 0.15 | 0.28 | 0.29 | 0.32 |
| Equity / assets | 11.3% | 11.5% | 12.0% | 12.0% | 12.2% | 12.1% | 12.2% | 11.9% | 12.1% | 12.0% | 11.8% | 11.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
FBK financial position
At the end of fiscal 2025 (December 31, 2025), FB Financial had total assets of $16.3 billion (up 23.9% from a year earlier), total liabilities of $14.4 billion and shareholders' equity of $1.9 billion. It held $1.6 billion in cash and short-term investments against $283.2 million of debt, a net cash position of $1.3 billion. Its current ratio was 0.12. In the latest quarter (ended September 30, 2026) total assets were $17.1 billion and equity $1.9 billion.
Related: FBK income statement, FBK cash flow statement, FBK key metrics. See the FBK stock overview for the latest quote and news.
FBK balance sheet FAQ
What are FB Financial's total assets?
FB Financial reported total assets of $16.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $13.2 billion a year earlier.
How much debt does FB Financial have?
FB Financial had $283.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.15.
How much cash does FB Financial have?
FB Financial held $1.6 billion in cash and short-term investments at the end of fiscal 2025; with $283.2 million of debt that is net cash of $1.3 billion.
What is FB Financial's book value?
FB Financial's shareholders' equity (book value) was $1.9 billion at the end of fiscal 2025, or $36.71 per share.
What is FB Financial's current ratio?
FB Financial had current assets of $1.6 billion and current liabilities of $14.1 billion, a current ratio of 0.12 (current liabilities exceed current assets).
How much goodwill does FB Financial have?
FB Financial carried $531.3 million of goodwill and intangible assets, 3.3% of total assets, at the end of fiscal 2025.