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FB Financial: Q1 Earnings Snapshot

NASHVILLE, Tenn. (AP) — NASHVILLE, Tenn. (AP) — FB Financial Corp. (FBK) on Monday reported first-quarter profit of $57.5 million.

The bank, based in Nashville, Tennessee, said it had earnings of $1.10 per share. Earnings, adjusted for non-recurring costs, came to $1.12 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The bank holding company posted revenue of $251.7 million in the period. Its revenue net of interest expense was $172.3 million, which also did not meet Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBK at https://www.zacks.com/ap/FBK

ICE officer pleads not guilty to lying about shooting and is ordered released from custody

McALLEN, Texas (AP) — A U.S. Immigration and Customs Enforcement officer was ordered released from federal custody Friday after pleading not guilty to lying to investigators about the circumstances that led to the shooting of a Venezuelan man during the Minnesota immigration crackdown last winter. The federal indictment accuses Christian Castro of falsely telling investigators that he was attacked with a broom and shovel before he opened fire, injuring Julio Cesar Sosa-Celis in January. Castro was shackled at his wrists, waist and feet during a brief hearing in the federal court in McAllen after he turned himself into authorities Thursday evening. The judge ordered him released on a $75,000 unsecured bond and with a GPS ankle monitor. It's the first Justice Department prosecution of a federal officer for actions taken during this year's massive Operation Metro Surge, which brought thousands of agents to the Twin Cities and led to sweeping protests, arrests and the fatal shootings of two U.S. citizens by federal officers.
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