India, April 14 -- FB Financial Corp. (FBK), parent company of FirstBank, reported higher earnings in its first quarter, compared to prior year, attributed by strong revenue growth.
On the New York Stock Exchange, shares of FB were down 3.47 percent in after hours, trading at $54.05, after closing Monday's regular trading 2 percent higher.
For the first quarter, net income applicable to FB Financial increased to $57.53 million or $1.10 per share from $39.36 million or $0.84 per share last year.
On an adjusted basis, net income was $58.27 million or $1.12 per share, compared to $40.11 million or $0.85 per share last year.
Provisions for credit losses grew to $3.02 million from $2.29 million a year before.
Quarterly net revenue improved ...