FB Financial shares fall more than 4% on Tuesday as revenue misses estimates
FBK FB Financial Corp
$50.38 -0.67%
View chart & analysis → - 1FB Financial's third-quarter total revenue recorded an amount slightly below $174.5 million.
- 2FB Financial shares fell by more than 4% on Tuesday.
- 3FB Financial stated it was affected by declining mortgage banking profitability and ongoing investment in growth initiatives.
So what's the key point?
FB Financial earned less money than experts expected. The stock price fell by more than 4% as loan-related profits decreased and investment costs increased.
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