FBK News & Events

FB Financial Corporation, the parent company of FirstBank, announced today that its board of directors authorized the repurchase of up to $175M of the company's outstanding common stock. The repurchase authorization will be in place until June 30, 2027, and replaces the company's previous authorization, which was to expire on January 31, 2027. "The board's approval of this repurchase authorization reflects the Company's strong financial position and disciplined approach to capital management," said Christopher T. Holmes, President and Chief Executive Officer. "This approach allows us to evaluate capital deployment opportunities while remaining focused on long-term shareholder value."

Investor sentiment is proving to be less fragile than feared as traders have shrugged off both the no-deal result from U.S.-Iran negotiations in Pakistan this weekend as well as less-than stellar earnings out of Goldman Sachs - the first mega-cap to post Q1 earnings - which shed 2% on the day.  Instead, areas of the market such as Software which have been hit particularly hard in early 2026 were some of the brightest spots on Monday - Oracle, Cadence Design, and Ficoall rallied sharply from their recent multi-week lows.  After falling by nearly 30% year-to-date, the iShares Expanded Tech-Software Sector ETF (IGV) was up 5.4% on Monday - the biggest gain in a year.Hopes for continued dialog regarding conflicts in the Middle East are keeping risk-on flows in the opening hour of the evening session as well.  S&P e-minis and Nasdaq 100 futures are up 0.1% and 0.2% respectively, while WTI Crude Oil has resumed its retreat, falling below $98 per barrel - this despite spiking 8% above $104 when futures reopened last night.Tuesday morning earnings out of JPMorgan, Citi, Wells Fargo, and Blackrockare keeping the markets focused on the Financials sector.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Bloom Energyup 15.5% after announcing expanded partnership with OracleCredo Technology Groupup 9.9% after acquiring DustPhotonicsSandiskup 2.8% after being started a EvercoreMarketWise1.9% after Q1 billings dataDOWN AFTER EARNINGS -FB Financial Corpdown 2.9%ALSO LOWER -Spyre Therapeuticsdown 2.0% after equity offering