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FB Financial Corp's third-quarter results were mixed, leading analysts to cut their stock price predictions.

ResultsRead the original at Benzinga
Neutral

FB Financial beat the profit-per-share estimate by $0.01, but sales missed by about $7 million. Loan and deposit growth and lower analyst price targets point in different directions, leaving no clear change to the company's outlook.

FBK · FB Financial Corp

AI read · Neutral

The AI's read

More lending and deposits could support future business, and the company says new debt gives it room to fund growth. But sales missed estimates, and analysts lowered their price targets. The report points in both directions, so it does not change the outlook.

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