FB Financial (FB Financial) Long-Term Capital Lease Obligation : $64.6 Mil (As of Mar. 2024)

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What is FB Financial Long-Term Capital Lease Obligation?

FB Financial's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was $64.6 Mil.

FB Financial's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 ($67.5 Mil) to Dec. 2023 ($67.6 Mil) but then declined from Dec. 2023 ($67.6 Mil) to Mar. 2024 ($64.6 Mil).

FB Financial's annual Long-Term Capital Lease Obligation increased from Dec. 2021 ($46.4 Mil) to Dec. 2022 ($69.8 Mil) but then declined from Dec. 2022 ($69.8 Mil) to Dec. 2023 ($67.6 Mil).

FB Financial Long-Term Capital Lease Obligation Historical Data

The historical data trend for FB Financial's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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FB Financial Long-Term Capital Lease Obligation Chart

FB Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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35.53

55.19

46.37

69.75

67.64

FB Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															67.35	67.30	67.54	67.64	64.56

FB Financial (NYSE:FBK) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

FB Financial Long-Term Capital Lease Obligation Related Terms

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FB Financial (FB Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » FB Financial Corp (NYSE:FBK) » Definitions » Long-Term Capital Lease Obligation

Comparable Companies

Traded in Other Exchanges

2J2:Germany

Address

211 Commerce Street, Suite 300, Nashville, TN, USA, 37201

Website

https://www.firstbankonline.com

FB Financial Corp is a bank holding company. The company through its wholly-owned bank subsidiary provides commercial and consumer banking services to clients in select markets in Tennessee, North Alabama, and North Georgia. The company segment includes Banking and Mortgage. It generates revenue from the Banking segment which provides a full range of deposit and lending products and services to corporate, commercial, and consumer customers. The Mortgage segment includes the servicing of residential mortgage loans and the packaging and securitization of loans to governmental agencies.

Executives

James W. Ayers	director, 10 percent owner, officer: Executive Chairman	C/O FB FINANCIAL CORPORATION, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Mark Hickman	officer: Chief Human Resources Officer	1221 BROADWAY, SUITE 1300, NASHVILLE TN 37203
Carpenter William F Iii	director	C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Ingram Orrin H Ii	director	C/O FB FNIANCIAL CORPORATION, 1221 BROADWAY, SUITE 1300, NASHVILLE TN 37203
Jonathan Wade Pennington	officer: Chief Accounting Officer	C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Raja J. Jubran	director	211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Cross James W Iv	director	FRANKLIN FINANCIAL CORP, 230 PUBLIC SQUARE, FRANKLIN TN 37064
James Gregory Bowers	officer: Chief Credit Officer	C/O FB FINANCIAL CORP, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Wilburn J. Evans	officer: President FirstBank Ventures	C/O FB FINANCIAL CORPORATION, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Agenia Clark	director	C/O FB FINANCIAL CORPORATION, 1221 BROADWAY, SUITE 1300, NASHVILLE TN 37203
Charles Wright Pinson	director	C/O FB FINANCIAL CORPORATION, 1221 BROADWAY, SUITE 1300, NASHVILLE TN 37203
Aimee T Hamilton	officer: Chief Risk Officer	2800 POST OAK BOULEVARD, SUITE 100, HOUSTON TX 77056
Keith S Rainwater	officer: Principal Accounting Officer	C/O SCBT FINANCIAL CORPORATION, 520 GERVAIS STREET, COLUMBIA SC 29201
Timothy L. Johnson	officer: Chief Risk Officer	C/O FB FINANCIAL CORPORATION, 211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201
Beth W Sims	officer: General Counsel and Corp. Sec.	211 COMMERCE STREET, SUITE 300, NASHVILLE TN 37201