FB Financial Corporation (FBK): Business Model Canvas

Welcome to our exploration of the Business Model Canvas for FB Financial Corporation (FBK), where we delve into the intricate framework that underpins their financial ecosystem. This canvas outlines key elements such as partnerships, activities, and customer segments, all of which work in unison to deliver exceptional financial services. Curious about how they balance innovation and customer care? Read on to uncover the strategies that drive FBK's success.

FB Financial Corporation (FBK) - Business Model: Key Partnerships

Regional banks

FB Financial Corporation partners with various regional banks to enhance its service offerings and extend its market reach. Collaborations with regional banks help to share local market insight and reduce operational risks. FBK operates primarily in a competitive regional banking landscape, with assets of $4.4 billion as of Q4 2023.

Financial technology firms

The rise of digital banking necessitates partnerships with financial technology firms. FB Financial Corporation collaborates with these firms to adopt innovative technologies for enhanced customer experiences. In recent data, it was indicated that 55% of banks believe their partnerships with fintechs significantly enhance their service capabilities. In 2023, FBK allocated approximately $10 million towards technology upgrades in collaboration with fintech partners.

Real estate agencies

Real estate transactions account for a significant portion of FBK's lending portfolio. Partnerships with real estate agencies allow FB Financial Corporation to offer tailored mortgage products and services to homebuyers. In the past year, the bank facilitated $650 million in residential loans, primarily through collaborations with local real estate agencies.

Partnership Category	Description	Financial Impact
Regional Banks	Enhances service offerings and market reach	$4.4 billion assets as of Q4 2023
Financial Technology Firms	Collaboration for technology upgrades	$10 million investment in 2023
Real Estate Agencies	Tailored mortgage products and services	$650 million in residential loans facilitated
Insurance Companies	Provides additional financial products to customers	$200 million in insurance premiums linked to loans

Insurance companies

FB Financial Corporation's partnerships with insurance companies enable it to offer comprehensive financial solutions to clients. These collaborations not only enhance product offerings but also mitigate potential risks associated with lending. In 2023, FBK reported approximately $200 million in insurance premiums linked to loans issued, reflecting the significance of these partnerships.

FB Financial Corporation (FBK) - Business Model: Key Activities

Financial Advisory Services

FB Financial Corporation offers a comprehensive range of financial advisory services designed to assist clients in achieving their financial goals. The firm focuses on investment planning, retirement planning, and estate planning.

In 2023, FB Financial's wealth management segment reported assets under management (AUM) of approximately $1.5 billion. The segment has seen a year-over-year growth of 12% in revenue, driven by increased client engagement and investment performance.

Service Type	Assets Under Management (AUM) ($ billion)	Year-over-Year Growth (%)
Investment Planning	0.8	10
Retirement Planning	0.5	15
Estate Planning	0.2	8

Loan Processing

FB Financial Corporation is also engaged in efficient loan processing, providing various loan products such as personal loans, mortgages, and commercial loans. In 2023, the corporation processed over 4,500 loan applications with an approval rate of 75%.

The total value of loans originated in the year reached approximately $300 million, marking a 10% increase compared to 2022.

Loan Type	Applications Processed	Approved Loans ($ million)
Personal Loans	2,000	100
Mortgages	1,800	150
Commercial Loans	700	50

Investment Management

FB Financial is actively involved in investment management. The corporation manages various funds, including equity, fixed income, and alternative investments. As of the end of 2023, FBK’s investment management division reported a total investment portfolio of approximately $2.2 billion.

The division has generated an average annual return of 8% for its clients, showcasing robust performance amid fluctuating market conditions.

Investment Type	Portfolio Value ($ billion)	Average Annual Return (%)
Equity	1.2	10
Fixed Income	0.7	6
Alternative Investments	0.3	9

Risk Assessment

The risk assessment process is integral to FB Financial's operations. The corporation employs advanced analytics and risk management frameworks to evaluate credit risk, market risk, and operational risk. In 2023, FB Financial conducted over 150 risk assessments for various portfolios.

The company’s risk management division reported a reduction in non-performing loans to 1.2% of total loans, down from 1.5% the previous year, indicating improved credit quality.

Risk Type	Risk Events Assessed	Non-Performing Loans (%)
Credit Risk	70	1.0
Market Risk	50	1.5
Operational Risk	30	1.0

FB Financial Corporation (FBK) - Business Model: Key Resources

Financial experts

FB Financial Corporation boasts a team of over 200 financial experts, including analysts and investment professionals. Their expertise contributes significantly to the investment performance and client satisfaction. As of 2023, the average compensation for financial analysts in this sector is around $85,000 per year, reflecting the importance of attracting skilled talent.

Advanced IT systems

The IT infrastructure of FB Financial Corporation is critical for managing operations efficiently. The company has invested approximately $5 million in upgrading its technology stack over the past two years. This investment includes robust cybersecurity measures, data analytics tools, and customer relationship management systems. As of 2023, the bank processes over 15 million transactions monthly through these systems.

Diverse investment portfolios

FB Financial Corporation maintains a diverse investment portfolio valued at around $1.2 billion, catering to various sectors such as real estate, technology, and industrials. The portfolio's composition is reflected in the following table:

Sector	Investment Value (in million USD)	Percentage of Total Portfolio
Real Estate	400	33.33%
Technology	300	25.00%
Industrials	200	16.67%
Healthcare	150	12.50%
Consumer Goods	150	12.50%

Strong regulatory compliance team

The regulatory compliance department at FB Financial Corporation employs a team of over 50 compliance specialists dedicated to adhering to financial regulations and protecting the institution from risks. In 2023, the company allocated approximately $2 million for compliance-related training and infrastructure. This ensures the institution meets both federal and state regulations, thereby maintaining a reputable standing in the financial sector.

FB Financial Corporation (FBK) - Business Model: Value Propositions

Personalized financial solutions

FB Financial Corporation offers tailored financial products designed to meet the unique needs of its customer segments. This includes customized banking services that cater to individuals, families, and businesses. According to their 2022 Annual Report, FBK's assets reached approximately $4.8 billion with a diverse range of solutions including personal checking accounts, savings accounts, and specialized lending options.

Competitive loan rates

FB Financial positions itself as a competitive player in the loan market. As of Q3 2023, FBK reported average loan rates at 3.25% to 4.00% for fixed-rate mortgages, while personal loan rates ranged from 5.00% to 7.50%. These rates are consistently lower than the national average, as the Federal Reserve reported average mortgage rates at about 6.5% during the same period.

Expert investment advice

FB Financial provides comprehensive investment guidance through its wealth management services, focusing on maximizing returns and managing risk for clients. As of the end of Q3 2023, the wealth management division managed over $1 billion in assets, offering services that include portfolio management, retirement planning, and financial counseling aimed at enhancing client financial health.

High customer security

Security is a priority for FB Financial, employing advanced technologies to protect customer information and transactions. FBK has invested $2 million into enhancing cybersecurity measures over the past year, ensuring compliance with industry standards and providing services like two-factor authentication and secure online banking platforms.

Value Proposition	Description	Latest Figures
Personalized Financial Solutions	Tailored financial products for various customer segments	Assets: $4.8 billion
Competitive Loan Rates	Lower than average rates on loans	Mortgage Rates: 3.25% - 4.00% Personal Loans: 5.00% - 7.50%
Expert Investment Advice	Comprehensive investment guidance for maximizing returns	Assets Managed: $1 billion
High Customer Security	Advanced security measures to protect customer data	Investment in Cybersecurity: $2 million

FB Financial Corporation (FBK) - Business Model: Customer Relationships

Dedicated account managers

FB Financial Corporation employs dedicated account managers to enhance customer relationships. These managers are responsible for understanding the unique needs of each client and providing tailored financial solutions. As of 2022, FBK had approximately 185 dedicated account managers across their branches.

Customer support services

The customer support services at FB Financial Corporation are designed to assist clients efficiently. They have a comprehensive support system that includes a customer service hotline, available 24/7. In 2022, the first response time for customer inquiries was reduced to an average of 4 minutes.

Regular financial reviews

FB Financial Corporation conducts regular financial reviews with their clients as part of their relationship management strategy. In 2022, they offered personalized financial reviews to over 60% of their client base, which includes more than 12,000 households. These reviews aim to assess financial health and adjust strategies accordingly.

Online self-service options

FB Financial Corporation has implemented robust online self-service options for their customers. As of 2023, 78% of transactions are completed through digital platforms. Their online banking services include features like account management, bill pay, and fund transfers, which facilitate customer engagement.

Customer Relationship Aspect	Details	Statistics
Dedicated Account Managers	Number of account managers serving clients	185
Customer Support Services	Response time for inquiries	4 minutes
Regular Financial Reviews	Percentage of clients receiving reviews	60%
Online Self-Service Options	Percentage of transactions completed online	78%

FB Financial Corporation (FBK) - Business Model: Channels

Branch offices

FB Financial Corporation operates a network of 26 branch offices primarily located in Tennessee. As of the end of 2022, these branches served approximately 80,000 customers. The branches facilitate face-to-face interaction, allowing for personalized banking experiences.

Online banking platform

FBK provides a robust online banking platform that supports over 60% of its customer transactions. As of 2023, the platform had an active user base of around 50,000 users. The online banking service includes features such as:

• Account management
• Fund transfers
• Bill payment services
• Financial planning tools

In 2022, there was a growth of 15% in online banking adoption, driven by enhanced security features and user experience improvements.

Mobile app

The FB Financial mobile application has been downloaded by over 30,000 users and supports mobile check deposits, transaction alerts, and real-time notifications. As of the latest data available, 25% of the bank's transactions are completed via the mobile app, reflecting the growing preference for mobile banking solutions. The app received a rating of 4.5 out of 5 on major app stores, highlighting user satisfaction.

Feature	Percentage of Users	Number of Transactions (2022)
Mobile Check Deposit	40%	200,000
Transaction Alerts	75%	1,000,000
Real-time Notifications	60%	600,000

Telephone banking

FBK also offers telephone banking services, which are utilized by about 20% of its customer base. The telephone banking system processes approximately 100,000 calls annually, providing services such as:

• Account inquiries
• Transaction processing
• Loan information

The telephone banking platform is accessible 24/7, catering to customers who prefer traditional communication methods. In addition, customer satisfaction ratings for this channel average 4.2 out of 5.

FB Financial Corporation (FBK) - Business Model: Customer Segments

Individual Account Holders

FB Financial Corporation serves individual account holders by providing a range of personal banking products and services. As of 2022, individual account holders contributed approximately 30% of the bank’s total deposits, which amounted to around $1.3 billion.

Small and Medium-Sized Enterprises

FB Financial Corporation focuses significantly on small and medium-sized enterprises (SMEs), catering to their unique banking needs. In 2022, SMEs accounted for about 45% of the bank’s commercial loans, amounting to approximately $800 million.

Customer Segment	Percentage of Total Loans	Total Loan Amount (in millions)
Small Enterprises	25%	$200
Medium-sized Enterprises	20%	$600

Real Estate Investors

FB Financial Corporation has tailored offerings for real estate investors, providing mortgages and investment advice. As of 2022, the real estate investor segment represented approximately 20% of the bank's mortgage portfolio, totaling around $500 million in loans.

High-Net-Worth Individuals

The segment of high-net-worth individuals (HNWIs) represents a key area for FB Financial Corporation’s wealth management services. In 2022, HNWIs contributed to approximately 25% of the bank's investment management revenues, equating to roughly $10 million.

Customer Segment	Percentage of Investment Management Revenues	Total Amount (in millions)
High-Net-Worth Individuals	25%	$10

FB Financial Corporation (FBK) - Business Model: Cost Structure

Operational expenses

FB Financial Corporation (FBK) incurs various operational expenses essential to maintaining its operations. For the fiscal year 2022, the company reported operational expenses totaling approximately $60 million. This figure includes costs related to branch operations, administrative support, and other necessary services.

Employee salaries

Employee salaries represent a significant portion of FBK's overall cost structure. In 2022, total employee compensation expenses amounted to about $30 million. The company employs approximately 450 staff members across various sectors, with an average salary of around $67,000 per employee.

Category	Total Salaries ($ Million)	Average Salary ($)	Number of Employees
Employee Salaries	30	67,000	450

Technology infrastructure costs

Technology infrastructure is critical for FBK's operations, involving costs related to hardware, software, and IT support. In 2022, FBK's investments in technology amounted to approximately $10 million, which includes upgrades to banking systems, cybersecurity measures, and digital platforms to enhance customer experience.

Marketing and advertising

Marketing and advertising expenses are vital for attracting and retaining customers. In 2022, FB Financial Corporation allocated around $5 million for marketing initiatives, which included digital marketing, community outreach, and promotional campaigns.

Expense Category	Amount ($ Million)
Operational Expenses	60
Employee Salaries	30
Technology Infrastructure	10
Marketing and Advertising	5

FB Financial Corporation (FBK) - Business Model: Revenue Streams

Interest on Loans

FB Financial Corporation generates a significant portion of its revenue through interest on loans. For the fiscal year 2022, FBK reported total net loans of approximately $3.5 billion. With an average interest rate of about 4.50% on their loan portfolio, the interest income from these loans can be estimated at around $157.5 million.

Investment Income

The investment income for FB Financial Corporation is derived from various assets held, including securities. As of the end of 2022, FBK held an investment portfolio valued at approximately $1.2 billion. The average yield on these investments was roughly 2.75%, leading to an annual investment income of approximately $33 million.

Service Fees

FBK also earns revenue from various service fees associated with its banking operations. In 2022, service fee income was reported at approximately $19 million, which includes fees for account maintenance, overdrafts, and services related to digital banking.

Insurance Commissions

FB Financial Corporation earns commissions from insurance products sold through its subsidiaries. In 2022, FBK generated approximately $10 million in insurance commissions, reflecting the corporation's efforts in diversifying revenue streams through cross-selling opportunities.

Revenue Stream	Amount ($)	Notes
Interest on Loans	157,500,000	Based on a $3.5 billion loan portfolio at 4.50% interest
Investment Income	33,000,000	From a $1.2 billion investment portfolio at 2.75% yield
Service Fees	19,000,000	Includes various fees from banking services
Insurance Commissions	10,000,000	Commissions from sold insurance products