First Bank - M&A Summary and Business Overview

Financial ServicesCompany

First Bank M&A Summary

First Bank has acquired 4 companies, including 2 in the last 5 years.

First Bank has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

First Bank Business Overview

Where is First Bank headquartered?

First Bank is headquartered in Nashville, Tennessee.

What is First Bank’s revenue?

First Bank disclosed revenue of 527M USD for 2022 and 576M USD for 2021.

How many employees does First Bank have?

First Bank has 1,757 employees.

What sector is First Bank in?

First Bank is a financial services company.

When was First Bank founded?

First Bank was founded in 1906.

M&A Summary

M&A Total Activity4
- M&A Buy Activity4
Total Sectors Invested 1
Total Countries Invested 1
M&A Buy/Sell Connections 1
M&A Advisors 3

First Bank

FB Financial Corp.

211 Commerce Street, Suite 300,
Nashville, Tennessee 37201
United States,
(615) 564-1212
www.firstbankonline.com

First Bank is a bank holding company headquartered in Nashville, Tennessee. FB Financial operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered bank, with 45 full-service bank branches across Tennessee, North Alabama and North Georgia, and a national mortgage business with offices across the Southeast. First Bank was incorporated in 1906 and is based in Nashville, Tennessee.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.2/yr)	#	3	1	-	-	-	-	4
Sell (0.0/yr)	#	-	-	-	-	-	-	0
								4

Most Recent M&A

Company	Date	Value	Type
Franklin Financial Network, Inc.	2020-01-21	-	Merger
Franklin, Tennessee · www.franklinfinancialnetwork.com
Farmers National Bank	2019-09-17	-	Add-on Acquisition
Danville, Kentucky · www.fnbky.com
American City Bank	2017-02-08	-	Divestiture
Tullahoma, Tennessee · www.americancitybank.com
Clayton Bancorp, Inc. (Clayton Bank and Trust)	2017-02-08	-	Add-on Acquisition
Knoxville, Tennessee · www.claytonbank.com
View All >>

Business Unit M&A

Company	Acquired	Add-On/Sale	Date	#
Clayton Bancorp, Inc. (Clayton Bank and Trust)	2017-02-08	American City Bank	2017-02-08	1
Knoxville, Tennessee · www.claytonbank.com		Tullahoma, Tennessee · www.americancitybank.com

M&A by Sector

Sector		Buy #	Value	Sell #	Value
Financial Services		4 (100%)	-	-	-
Total		4	-	-	-

By Geo

State/Country		Buy	Value	Sell	Value
United States		4	-	-	-
	Tennessee	3	-	-	-
	Kentucky	1	-	-	-
Total		4	-	-	-

Top M&A Advisors

Financial	Deals
J.P. Morgan Securities	1

Legal	Deals
Wachtell, Lipton, Rosen & Katz	1
Alston & Bird LLP	1

M&A Connections

		Deals
Acquired from
Strategic(s)	25%	1 (25%)

Company Summary

SECTOR

Financial Services

Revenue

527 9%	2022
576 2%	2021
568 58%	2020
361 8%	2019
335 14%	2018
295 16%	2017
256	2016
(millions of USD)	Show More Show Less

Employees

1,757

Established

1906

Public

NYSE: FBK

Former Name

First South Bancorp, Inc.

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First Bank - M&A Summary and Business Overview

Financial ServicesCompany