FB Financial Corporation Declares Dividend Increase
FB Financial Corporation (NYSE: FBK) has shared exciting news regarding its quarterly dividend payments. The company’s board of directors has declared a cash dividend of $0.19 per share. This is a significant announcement that reflects the company’s ongoing commitment to providing returns to its shareholders.
Details of the Dividend Declaration
The newly declared dividend will be paid on a specific date to those shareholders who are on record by an established cutoff. This particular dividend payment demonstrates the corporation's stability and growth, marking another step in its long-standing practice of rewarding its investors.
CEO's Statement on Financial Performance
Christopher T. Holmes, the President and Chief Executive Officer of FB Financial Corporation, has expressed enthusiasm about the announcement. He highlighted that this marks the 28th consecutive quarterly dividend declared by the company, showcasing a 12% increase compared to earlier periods. This consistent practice reflects the financial strength of the corporation, emphasizing that they are not only profitable but are also focused on growth.
Commitment to Shareholders
Holmes's remarks reveal more than just numbers; they convey a dedication to the shareholders. The increase in dividends indicates the company’s ongoing commitment to return capital to its investors. FB Financial Corporation is keen on maintaining that momentum while ensuring reliable returns even as it looks ahead.
About FB Financial Corporation
Headquartered in Nashville, FB Financial Corporation operates through its banking arm, FirstBank. With an impressive footprint that includes 77 full-service bank branches located across multiple states including Tennessee, Kentucky, Alabama, and North Georgia, the company is well-positioned in the financial services industry.
Total Assets and Growth Trajectory
This financial holding company boasts approximately $13.2 billion in total assets. As it continues to expand its services throughout the Southeast through its mortgage offices, shareholders can have confidence in the corporation’s stable trajectory and growth outlook.
Frequently Asked Questions
What is the new dividend amount declared by FB Financial Corporation?
The newly declared quarterly cash dividend is $0.19 per share.
When will the dividend be paid to shareholders?
The dividend is set to be payable on an announced date to shareholders of record by a specific cutoff date.
How much has the dividend increased compared to previous quarters?
The dividend has increased by 12% compared to prior quarters.
What is FB Financial Corporation's total assets?
FB Financial Corporation holds approximately $13.2 billion in total assets.
What is the significance of the dividend increase?
The dividend increase demonstrates FB Financial Corporation's commitment to returning value to its shareholders during its financial growth phase.
