Published On: Thu, Sep 8th, 2016

FB Financial (FBK) Plans to Raise $100 Million in September 16th IPO

FB Financial (FBK) plans to raise $100 million in an IPO on Friday, September 16th. The company plans to issue 5,900,000 shares at a price of $16.00-$18.00 per share.
In the last year, FB Financial generated $112.9 million in revenue and $55.5 million in net income. The company has a market-cap of $393.1 million.

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J.P. Morgan, UBS and Keefe, Bruyette & Woods (A Stifel Company) acted as the underwriters for the IPO and Raymond James, Sandler O’Neill + Partners and Stephens were co-managers.
FB Financial provided the following description of their company for its IPO: ” We are a bank holding company, headquartered in Nashville, Tennessee. Our wholly owned bank subsidiary, FirstBank, is the third-largest Tennessee-headquartered bank, based on total assets. FirstBank provides a comprehensive suite of commercial and consumer banking services to clients in select markets in Tennessee, North Alabama and North Georgia. Our footprint includes 45 full-service bank branches serving the Tennessee metropolitan markets of Nashville, Chattanooga, Knoxville, Memphis, Jackson, and Huntsville (AL) in addition to 12 community markets. FirstBank also provides mortgage banking services utilizing its bank branch network and mortgage banking offices strategically located throughout the southeastern United States in addition to a national internet delivery channel. As of June 30, 2016, we had total assets of $2.9 billion, total loans of $2.1 billion, deposits of $2.5 billion, and shareholder’s equity of $266 million. “.
FB Financial was founded in 2016 and has 1038 employees. The company is located at 211 Commerce Street, Suite 300, Nashville, Tennessee 37201, US and can be reached via phone at (615) 313-0080 or on the web at http://www.firstbankonline.com.

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