FB Financial Corp Leases Disclosure
| December 31, | |||||||||||||||||
| Classification | 2025 | 2024 | |||||||||||||||
| Right-of-use assets: | |||||||||||||||||
| Operating leases | Operating lease right-of-use assets | $ | 49,249 | $ | 47,963 | ||||||||||||
| Finance leases | 1,035 | 1,145 | |||||||||||||||
| Total right-of-use assets | $ | 50,284 | $ | 49,108 | |||||||||||||
| Lease liabilities: | |||||||||||||||||
| Operating leases | Operating lease liabilities | $ | 60,556 | $ | 60,024 | ||||||||||||
| Finance leases | 1,127 | 1,229 | |||||||||||||||
| Total lease liabilities | $ | 61,683 | $ | 61,253 | |||||||||||||
| Weighted average remaining lease term (in years) - operating | 10.9 | 11.0 | |||||||||||||||
| Weighted average remaining lease term (in years) - finance | 9.35 | 10.4 | |||||||||||||||
| Weighted average discount rate - operating | 3.68 | % | 3.47 | % | |||||||||||||
| Weighted average discount rate - finance | 1.76 | % | 1.76 | % | |||||||||||||
| Years Ended December 31, | |||||||||||||||||||||||
| Classification | 2025 | 2024 | 2023 | ||||||||||||||||||||
| Operating lease costs: | |||||||||||||||||||||||
| Amortization of right-of-use asset | Occupancy and equipment | $ | 7,796 | $ | 6,962 | $ | 8,516 | ||||||||||||||||
| Short-term lease cost | Occupancy and equipment | 393 | 371 | 540 | |||||||||||||||||||
| Variable lease cost | Occupancy and equipment | 1,664 | 1,335 | 1,205 | |||||||||||||||||||
| Loss on lease terminations | Occupancy and equipment | 265 | — | 1,770 | |||||||||||||||||||
| Finance lease costs: | |||||||||||||||||||||||
| Interest on lease liabilities | Interest expense on borrowings | 21 | 22 | 24 | |||||||||||||||||||
| Amortization of right-of-use asset | Occupancy and equipment | 111 | 111 | 111 | |||||||||||||||||||
| Sublease income | Occupancy and equipment | (846) | (522) | (957) | |||||||||||||||||||
| Total lease cost | $ | 9,404 | $ | 8,279 | $ | 11,209 | |||||||||||||||||
| Operating | Finance | ||||||||||
| Leases | Lease | ||||||||||
| December 31, 2026 | $ | 8,993 | $ | 123 | |||||||
| December 31, 2027 | 8,524 | 125 | |||||||||
| December 31, 2028 | 7,697 | 127 | |||||||||
| December 31, 2029 | 6,656 | 129 | |||||||||
| December 31, 2030 | 6,250 | 131 | |||||||||
| Thereafter | 36,614 | 590 | |||||||||
| Total undiscounted future minimum lease payments | 74,734 | 1,225 | |||||||||
| Less: imputed interest | (14,178) | (98) | |||||||||
| Lease liabilities | $ | 60,556 | $ | 1,127 | |||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 26, 2026 | Showing above |
| 2024 | Feb 25, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 28, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Mar 12, 2021 | |
| 2019 | Mar 13, 2020 | |
About Leases Disclosures
Lease disclosures under ASC 842 provide a comprehensive view of a company's leased asset portfolio, including the split between operating and finance leases, discount rates used to present-value future payments, and the maturity schedule of lease obligations. This section reveals a significant source of off-balance-sheet commitments that were largely hidden before the current standard.
Key signals: the weighted-average discount rate affects the size of recorded lease liabilities — a higher rate reduces the reported obligation, so compare the chosen rate against the company's incremental borrowing rate. The operating versus finance lease mix affects both EBITDA and operating income presentation. Watch the maturity table for concentration risk: large payment cliffs in specific years may create cash flow pressure. Variable lease payments excluded from the liability measurement represent real obligations that do not appear on the balance sheet. Compare total lease costs against prior-year operating lease expense to assess the true economic burden.