FB Financial Corp — Form 8-K
Filed September 24, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 8/100
What the filing says
FB Financial Corporation issued $125 million of 6.625% fixed-to-floating rate subordinated notes due October 1, 2036, via underwriter Keefe, Bruyette & Woods, Inc. The notes were priced at 98.75% of par value (generating ~$123.4M net proceeds after underwriting discount). Closing occurred September 24, 2026. The notes are subordinated to senior debt and will rank equally with other subordinated obligations.
Why this rating
$125M debt issuance is 8.3% of company's $1.5B market cap—material but routine capital-raising for a bank holding company. Subordinated status limits risk to equity. No extraordinary terms or distress indicators; standard financing transaction.
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