FB Financial (FBK) DIvidends Date & History

Key Takeaways 

• FB Financial Corporation (FBK) offers a forward dividend yield of 1.5%, below the regional banks average of around 2.7%.
• Quarterly dividend of $0.21 per share, paid consistently for 32 consecutive quarters.
• 8-year dividend growth streak with recent 11% increase and 5-year CAGR of 16%.
• Payout ratio of 31%, indicating strong earnings coverage and sustainability.
• Supported by $156 million TTM operating cash flow, well exceeding annual dividend needs.
• Modest yield appeals to growth-oriented dividend investors in the regional banking sector.

Dividend Overview

FB Financial Corporation (FBK), the holding company for FirstBank, maintains a modest dividend profile suited to its regional banking operations in Tennessee, Alabama, Georgia, and Kentucky. The company pays a quarterly cash dividend of $0.21 per share, equating to an annualized payout of $0.84 and a forward yield of approximately 1.5% based on recent trading levels around $54–$56. The most recent ex-dividend date was February 10, 2026, with payment on February 24, 2026. This marks the 32nd consecutive quarterly dividend and reflects an 11% increase from the prior $0.19 quarterly payout. While not a high-yield play, FBK positions itself as a dividend growth stock, prioritizing consistent raises amid solid earnings growth in commercial and consumer banking services.

Dividend History and Growth

FB Financial has demonstrated reliable dividend progression since initiating payments, achieving an 8-year streak of annual increases. The quarterly dividend rose from $0.19 to $0.21 in early 2026, part of a broader trend where the annual payout grew from $0.24 in 2018 to $0.84 today—a compound annual growth rate (CAGR) of about 17%. Recent history includes steady quarterly payments: $0.19 in November 2025, August 2025, May 2025, and February 2025, prior to the latest hike. No cuts have occurred, underscoring a long-term strategy of returning capital to shareholders through growing dividends, supported by franchise expansion and operational improvements. Management's commitment was reaffirmed in the January 2026 announcement, citing strong performance as the driver.

Dividend Sustainability and Payout Ratio

The dividend appears highly sustainable, with a trailing payout ratio of 31%—well below the 60% threshold often viewed as prudent for banks. This leaves ample room for growth, as FBK distributes only about one-third of its trailing twelve months (TTM) earnings per share of $2.45. Earnings coverage is robust, backed by TTM net income of $123 million. Free cash flow (FCF) further bolsters this: TTM operating cash flow stands at $156 million, with FCF around $147 million after minimal capital expenditures, easily covering the approximately $43 million annual dividend (based on 51.8 million shares). Total debt of $297 million is manageable relative to equity, and credit quality remains strong with low net charge-offs. Projections suggest an even lower future payout ratio of 21%, enhancing long-term viability.

Dividend Compared to Industry Peers

In the regional banks sector, where the average yield hovers around 2.7% (e.g., iShares U.S. Regional Banks ETF at 2.9% trailing), FBK's 1.5% yield is below average. Peers like Pinnacle Financial Partners (PNFP) offer 1.0–2.3%, Cathay General Bancorp (CATY) around 3.0%, First Financial Bancorp (FFBC) at 3.6%, and First Horizon (FHN) near 2.9%. FBK compensates with superior growth (16% 5-year CAGR vs. peers' more modest rises) and a lower payout ratio (31% vs. sector 36%), prioritizing reinvestment over high current income. This profile suits investors valuing expansion in the Southeast markets over top yields.

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Is This Stock Attractive for Dividend Investors?

FB Financial Corporation (FBK) may appeal to dividend growth investors seeking reliable increases rather than immediate high income. Its 8-year streak, recent 11% hike, and low 31% payout ratio signal potential for continued raises, backed by earnings growth and a growing regional franchise. Conservative long-term investors could value the sustainability—strong cash flow coverage and no payment interruptions over 32 quarters—amid stable credit metrics in core markets. However, the modest 1.5% yield trails regional peers averaging 2.7%, making it less ideal for pure income seekers prioritizing yield. Total shareholder returns, including buybacks, enhance appeal for those balancing growth and modest dividends in a sector sensitive to interest rates and economic cycles. Balanced portfolios might allocate to FBK for diversification within dividend growth strategies, though yield-focused investors may prefer higher-payers like FFBC.

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