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Joint Bookrunning Manager

FB Financial Corporation

$132.0 Million 05/22/2018 Depository Complete
Lead Bankers: Brian Branson, Scott Studwell
Public Companies
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Transaction Details

  • On May 22, 2018, FB Financial Corporation (NYSE: FBK), a $4.7 billion in asset bank holding company headquartered in Nashville, TN, announced the pricing of an underwritten secondary public offering of a total of 3.2 million shares of its common stock at a price of $41.25 per share
  • Gross proceeds of $132.0 million
  • All of the shares offered were owned by Mr. James W. Ayers (Executive Chairman)
  • Mr. Ayers will retain a substantial minority ownership interest in FB Financial
  • The Company will not receive any proceeds from the secondary offering
  • Mr. Ayers has granted the underwriters an option for 30 days to purchase up to 480,000 additional shares of common stock to cover overallotments
  • Stephens Inc. served as Joint Bookrunning Manager on the offering
  • This offering represents the 2nd bookrun capital raise Stephens has led for FBK and Stephens’ 4th completed transaction overall for FBK

About the company

FB Financial Corporation (NYSE: FBK) is a bank holding company headquartered in Nashville, Tennessee. FB Financial operates through its wholly owned banking subsidiary, FirstBank, the third largest Tennessee-headquartered community bank, with 56 full-service bank branches across Tennessee, North Alabama and North Georgia, and a national mortgage business with offices across the Southeast. FirstBank serves five of the largest metropolitan markets in Tennessee and has approximately $4.7 billion in total assets.

Sources: Company filings.
  1. This material has been prepared solely for informative purposes as of its stated date and is not a solicitation, or an offer, to buy or sell any security. It does not purport to be a complete description of the securities, markets or developments referred to in the material. Information included in the material was obtained from sources which we consider reliable, but we have not independently verified such information and do not guarantee that it is accurate or complete. No subsequent publication or distribution of this material shall mean or imply that any such information or opinion remains current at any time after the stated date of the material. We do not undertake to advise you of any changes in any such information or opinion. Additional information is available upon request.

    The offering of these securities is being made only by means of a prospectus, copies of which may be obtained from Stephens Inc.’s Equity Syndicate Desk, at Stephens Inc., 111 Center Street, Little Rock, AR 72201, ATTN: Equity Syndicate Desk, or from the Securities and Exchange Commission’s website at www.sec.gov at the following link:
    https://www.sec.gov/Archives/edgar/data/1649749/000119312518169620/d591998d424b4.htm. A registration statement relating to these securities has been filed with the Securities and Exchange Commission. No offer to buy the securities can be accepted and no part of the purchase price can be received until the registration statement has become effective, and any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to the notice of its acceptance given after the effective date.