FB Financial Corp (FBK) Form 424B5 — Sep 23, 2026
FB Financial Corporation is offering $125 million of 6.625% Fixed-to-Floating Rate Subordinated Notes due October 1, 2036, priced at 100% of par with net proceeds of approximately $122.8 million. The notes pay a fixed 6.625% rate until October 1, 2031, then float at Three-Month Term SOFR plus 205 basis points quarterly. They are unsecured Tier 2 capital, junior to senior debt and structurally subordinated to FirstBank's $14.8 billion in liabilities, and redeemable at the company's option beginning October 1, 2031.
Key figures
- Debt Amount
- 125000000
- Interest Rate
- 6.625% fixed until October 1, 2031, then Three-Month Term SOFR + 205 bps
- Maturity Date
- 2036-10-01
- Gross Proceeds
- 125000000
- Net Proceeds
- 122800000
- Total Assets
- $16.80 billion
- Total Deposits
- $14.35 billion
- Shareholders Equity
- $1.94 billion
- Underwriting Discount
- 1562500
- Total Capital Ratio Actual
- 12.9%
- Total Capital Ratio Adjusted
- 13.7%
- First Bank Liabilities Subordinated
- $14.8 billion
AI analysis
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