FB Financial Corp 2025年度报告

MORE REACH.SAME PROMISE. “WITH A STRENGTHENED PRESENCEIN GROWING COMMUNITIES ACROSSTHE SOUTHEAST, THE FOUNDATIONIS SOLID, THE PATH IS CLEAR,AND OUR TIME IS NOW.” — Christopher T. HolmesPresident & CEO OUR REACH.OUR PROMISE.OUR TIME. In an industry where growth often comes at the expense of genuine connection, FirstBank spentthe past year expanding our horizons without outgrowing the values that brought us here. For more than a century, we have diligently built the capacity to act with confidence when theright opportunities emerge. Through the strategic integration of Southern States’ network inkey markets across the Southeast, we broadened our reach and reaffirmed our commitmentto drive meaningful growth for our clients and consistent value for our shareholders. FirstBank maintains a relentless focus on asset quality, core deposit growth, and a steadfastbelief in relationships over transactions. As we build on our 2025 momentum, we do so with the conviction that trust is a currency thattruly scales. We deeply value the trust of our clients, team members, and shareholders, andwe stand equipped to continue delivering on their behalf. With a strengthened presence in growing communities across the Southeast, we are well-positioned for what lies ahead. For FirstBank, the foundation is solid, the path is clear, andour time is now. TO OUR FELLOWSHAREHOLDERS A LETTER FROM CHAIRMAN OF THEBOARD, WILLIAM F. CARPENTER IIIAND PRESIDENT AND CEO,CHRISTOPHER T. HOLMES Banking today requires bold vision, a willingness to disrupt, and the agility to execute when an opportunity arises.FirstBank has spent decades building a foundation of operational excellence and stewarding long-standing relationshipsso that we can move confidently when the time is right – andour time is now. 2025 marks a pivotal time in FirstBank’s history. We expanded our reach through a successful merger with SouthernStates Bancshares, Inc. (“Southern States”), uniting two strong banking teams, deepening our client reach in importantmarkets like Birmingham and Huntsville in Alabama, and expanding into new markets in both Georgia and Alabama. The Right Partner at the Right Time Like FirstBank, Southern States built its reputation on local decision-making and strong community banking witha leading presence in its markets. By joining forces, we bring more resources and additional capacity to a seasonedgroup of bankers who understand their respective markets better than our competitors. Together, we will continuedelivering on our core values, investing in our client relationships, and measuring success by the lasting impact we havein the communities we serve. Our Time to Expand Our Reach Growth is more than additional pins on a map or names on deposit ledgers. We are guided by intentional investmentsin communities where we can generate lasting value. FirstBank is well-positioned in the economically vibrant Southeast,combining the strength and stability of a multi-billion-dollar institution with service that is focused on meeting the uniqueneeds of each client and community. •Scaling Our Standard of Service:FirstBank added13 full-service branches in 2025, bringing our total to 90 full-service locations. In addition to the Southern States acquisition, we added a new market in Tuscaloosa, furtheringour reach in Alabama. In partnership with the West Alabama Chamber, Market President Chuck Bracknell and ourlocal team commemorated the occasion with a successful grand opening celebration. Similarly, FirstBank openedan additional location in Huntsville, expanding our presencein this dynamic growth market. •Building More Than Branches:Following the devastation of Hurricane Helene, our newly established teamin Asheville, NC lived up to FirstBank’s century-old promise of meeting the most important needs of our clients. Ledby Market President Andy Nadeau, FB Financial, a division of FirstBank, launched “Blue Ridge Rising,” a $75 millionrecovery loan program designed to support Western North Carolina businesses still rebuilding. The first-of-its-kindinitiative focused on owner-occupied commercial real estate, offering flexible financing for new constructionand refinancing. FirstBank is proud to support the restoration of Asheville’s business community. Our Time to Build on the Foundation of a Great Team Our balance sheet is undeniably strong, but FirstBank’s people are our greatest asset. In an era where many banks arelosing touch with their clients, we are reinforcing our relationship-driven model. We believe that the best person to makea lending decision in Birmingham, Alabama or Cartersville, Georgia is someone who lives, works, and serves there. •Relationships Over Transactions:To keep in step with our growing team, we deployed our annual company-wideAssociate Engagement Survey. With90 percentparticipation, these results helped us enhance our cultureand differentiate our employee experience, solidifying our position as an employer of choice. For th