FBK FB Financial Corporation Common Stock
$60.84
Price · Aug 19, 2026
Fundamentals as of Aug 3, 2026
52W Range
$49–$63
86% of range
Analyst Rating
BUY
12 analysts
Price Target
$66
+9% upside
P/E (TTM)
24.8
ROE
7.0%
Net Profit Margin
21.9%
FBK Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$60.84
Market Cap
$3.15B
P/E (TTM)
24.8
EPS (TTM)
$2.45
Revenue (TTM)
—
Div Yield
1.2%
ROE
7.0%
Debt/Equity
—
52W Range
$49 – $63
FBK Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
—
EPS
$2.45
2023-12-31
→
2025-12-31
Free Cash Flow
$147M
2023-12-31
→
2025-12-31
Margins
21.9%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
FBK
Peer Median
P/E (TTM)
24.8
13.0
P/S (TTM)
5.6
3.0
P/B
1.6
1.1
Price / FCF
21.4
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
FBK
Peer Median
Net Profit Margin
21.9%
27.6%
ROA
0.83%
1.0%
ROE
7.0%
9.2%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
FBK
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
FBK
Peer Median
Revenue YoY
22.9%
—
Revenue CAGR 3Y
2.1%
—
Revenue CAGR 5Y
-0.27%
—
EPS YoY
-1.2%
—
Net Income YoY
5.7%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
FBK
Peer Median
Payout Ratio
30.9%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
1.2%
Payout Ratio
30.9%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 11, 2026 | $0.2100 |
| May 12, 2026 | $0.2100 |
| Feb. 10, 2026 | $0.2100 |
| Nov. 10, 2025 | $0.1900 |
| Aug. 12, 2025 | $0.1900 |
| May 13, 2025 | $0.1900 |
| Feb. 11, 2025 | $0.1900 |
| Nov. 5, 2024 | $0.1700 |
| Aug. 6, 2024 | $0.1700 |
| May 13, 2024 | $0.1700 |
| Feb. 12, 2024 | $0.1700 |
| Nov. 6, 2023 | $0.1500 |
| Aug. 11, 2023 | $0.1500 |
| May 8, 2023 | $0.1500 |
| Feb. 6, 2023 | $0.1500 |
| Nov. 8, 2022 | $0.1300 |
| Aug. 5, 2022 | $0.1300 |
| May 6, 2022 | $0.1300 |
| Feb. 7, 2022 | $0.1300 |
| Nov. 5, 2021 | $0.1100 |
FBK Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
12 analysts
- Strong Buy 3 25.0%
- Buy 8 66.7%
- Hold 1 8.3%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
8 analysts · 2026-08-15
Median
$67.00
Mean
$66.34
← Below all targets
$60.84
Low
$65.00
High
$67.50
Median target
$67.00
+10.1%
Mean target
$66.34
+9.0%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.02%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $1.14 | $1.17 | -0.03% |
| March 31, 2026 | $1.12 | $1.13 | -0.01% |
| Dec. 31, 2025 | $1.16 | $1.13 | 0.03% |
| Sept. 30, 2025 | $1.07 | $0.96 | 0.11% |
| June 30, 2025 | $0.88 | $0.89 | -0.01% |
| March 31, 2025 | $0.85 | $0.84 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| FBK | $2.89B | 22.8 | 22.9% | 21.9% | 7.0% | — |
| FHB | $3.10B | 11.5 | 8.9% | 31.4% | 10.1% | — |
| CLBK | — | 30.5 | 43.8% | — | — | — |
| PFS | $2.58B | 8.9 | 7.1% | 398.2% | 10.5% | — |
| BOH | $2.72B | 14.8 | -0.14% | 168.9% | 11.5% | — |
| BANC | $2.89B | 16.5 | -3.8% | 12.6% | 6.6% | — |
| TBBK | $2.86B | 13.7 | 20.8% | 161.7% | 29.4% | — |
| TRMK | $2.30B | 10.5 | 42.6% | 28.0% | 10.7% | — |
| NBTB | — | 12.5 | 10.4% | 92.5% | 9.1% | — |
| BBT | — | 25.6 | 81.1% | 301.4% | 4.8% | — |
| FBNC | $2.11B | 19.0 | -3.6% | 164.2% | 6.9% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | $271M | $69M | $38M | $49M | $57M | $36M | $16M | $10M | $9M | $10M | |
| Interest Income | $834M | $726M | $678M | $481M | $385M | $315M | $283M | $240M | $170M | $120M | $103M | $93M | |
| Pretax Income | $139M | $147M | $150M | $160M | $243M | $82M | $110M | $106M | $73M | $62M | $51M | $35M | |
| Income Tax | $16M | $31M | $30M | $35M | $53M | $19M | $26M | $26M | $21M | $22M | $3M | $2M | |
| Net Income | $123M | $116M | $120M | $125M | $190M | $64M | $84M | $80M | $52M | $41M | $48M | $32M | |
| EPS (Basic) | $2.47 | $2.48 | $2.57 | $2.64 | $4.01 | $1.69 | $2.70 | $2.60 | $1.90 | $0.00 | $2.79 | $1.89 | |
| EPS (Diluted) | $2.45 | $2.48 | $2.57 | $2.64 | $3.97 | $1.67 | $2.65 | $2.55 | $1.86 | $2.10 | $2.79 | $1.89 | |
| Shares (Basic) | 49,744,804 | 46,737,217 | 46,781,214 | 47,113,470 | 47,431,102 | 37,621,720 | 30,870,474 | 30,675,755 | 27,627,228 | 19,165,182 | 17,180,000 | 17,180,000 | |
| Shares (Diluted) | 50,070,121 | 46,872,625 | 46,822,792 | 47,239,791 | 47,955,880 | 38,099,744 | 31,402,897 | 31,314,981 | 28,207,602 | 19,312,174 | 17,180,000 | 17,180,000 | |
| EBITDA | $12M | $12M | $11M | $8M | $8M | $7M | · | · | · | · | · | · |
Balance Sheet 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.16B | $1.04B | $811M | $1.03B | $1.80B | $1.32B | $233M | $125M | $120M | $136M | $98M | $50M | |
| PP&E (Net) | · | · | · | · | · | · | $90M | $87M | $82M | $67M | $66M | · | |
| PP&E (Gross) | · | · | · | · | · | · | $145M | $136M | $127M | $108M | $104M | · | |
| Accum. Depreciation | · | · | · | · | · | · | $55M | $50M | $45M | $41M | $38M | · | |
| Goodwill | $350M | $243M | $243M | $243M | $243M | $243M | $169M | $137M | $137M | $47M | $47M | $47M | |
| Intangibles | $31M | $6M | $9M | $12M | $17M | $22M | $18M | $12M | $15M | $5M | $7M | · | |
| Total Assets | $16.30B | $13.16B | $12.60B | $12.85B | $12.60B | $11.21B | $6.12B | $5.14B | $4.73B | $3.28B | $2.90B | $2.43B | |
| Short-term Debt | · | · | · | · | · | · | $0 | $0 | $0 | $150M | $18M | · | |
| Deferred Tax | · | · | · | $0 | $7M | $0 | $20M | $17M | $12M | · | · | · | |
| Total Liabilities | $14.35B | $11.59B | $11.15B | $11.52B | $11.16B | $9.92B | $5.36B | $4.46B | $4.13B | $2.95B | $2.66B | · | |
| Long-term Debt | $213M | $177M | $391M | $416M | $172M | $238M | $305M | · | $143M | $45M | $57M | · | |
| Total Debt | · | · | · | · | · | · | $0 | $0 | $190M | $150M | · | · | |
| Common Stock | $52M | $47M | $47M | $47M | $48M | $47M | $31M | $31M | $31M | $24M | $17M | · | |
| Retained Earnings | $847M | $762M | $678M | $587M | $487M | $318M | $294M | $221M | $147M | $94M | $122M | · | |
| AOCI | $-33M | $-102M | $-135M | $-169M | $6M | $28M | $12M | $-4M | $148.0K | $-874.0K | $2M | · | |
| Stockholders' Equity | $1.95B | $1.57B | $1.45B | $1.33B | $1.43B | $1.29B | $762M | $672M | $597M | $330M | $237M | $215M | |
| Liabilities + Equity | $16.30B | $13.16B | $12.60B | $12.85B | $12.60B | $11.21B | $6.12B | $5.14B | $4.73B | $3.28B | $2.90B | · | |
| Shares Outstanding | 51,752,401 | 46,663,120 | 46,848,934 | 46,737,912 | 47,549,241 | 47,220,743 | 31,034,315 | 30,724,532 | 30,535,517 | 24,107,660 | 17,180,000 | · |
Cash Flow 18
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $12M | $12M | $11M | $8M | $8M | $8M | $5M | $4M | $4M | $4M | $3M | $3M | |
| Stock-based Comp | $17M | $9M | $10M | $10M | $10M | $10M | $7M | $7M | $7M | $5M | · | · | |
| Deferred Tax | $-5M | $-2M | $-1M | $13M | $31M | $-26M | $-2M | $6M | $6M | $9M | $2M | $842.0K | |
| Amort. of Intangibles | $5M | $3M | $4M | $5M | $5M | $5M | $4M | $3M | $2M | $2M | $2M | $2M | |
| Other Non-cash | $9M | $3M | $71M | $634M | $-185M | $-325M | · | · | · | · | · | · | |
| Operating Cash Flow | $156M | $139M | $211M | $800M | $55M | $-270M | $64M | $212M | $38M | $-245M | $-46M | $-106M | |
| CapEx | $9M | $7M | $20M | $11M | $6M | $6M | $7M | $10M | $5M | $5M | $6M | $5M | |
| Investing Cash Flow | $-32M | $-294M | $-55M | $-1.75B | $-850M | $310M | $-183M | $-587M | $-267M | $-33M | · | · | |
| Net Debt Issued | · | · | · | · | · | · | · | · | · | $-12M | · | · | |
| Stock Issued | $897.0K | $882.0K | $723.0K | $1M | $1M | $978.0K | $804.0K | $1M | $153M | $116M | · | · | |
| Stock Repurchased | $156M | $13M | $5M | $40M | $8M | $0 | $0 | $492M | $241M | · | · | · | |
| Net Stock Activity | $-155M | $-12M | $-4M | $-39M | $-6M | $978.0K | $-364M | $1M | $153M | $116M | · | · | |
| Dividends Paid | $38M | $32M | $28M | $25M | $21M | $14M | $10M | $6M | $0 | $69M | $25M | $15M | |
| Financing Cash Flow | $-10M | $387M | $-372M | $184M | $1.27B | $1.05B | $226M | $380M | $213M | $317M | · | · | |
| Net Change in Cash | $113M | $232M | $-216M | $-771M | $480M | $1.09B | $107M | $6M | $-17M | $39M | $48M | $-18M | |
| Taxes Paid | $21M | $43M | $38M | $906.0K | $62M | · | · | · | · | · | · | · | |
| Free Cash Flow | $147M | $132M | $191M | $779M | $49M | $-275M | $57M | $202M | $33M | $-250M | · | · | |
| Levered FCF | · | · | $-26M | $725M | $19M | $-313M | $14M | $175M | $21M | $-256M | · | · |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 21.9% | 25.5% | 25.2% | 23.6% | 33.1% | 11.2% | 23.2% | 24.0% | 17.8% | 15.9% | · | · | |
| Pretax Margin | 24.7% | 32.2% | 31.5% | 30.3% | 42.2% | 14.5% | 30.3% | 31.6% | 24.9% | 24.4% | · | · | |
| EBITDA Margin | 2.1% | 2.6% | 2.3% | 1.5% | 1.5% | 1.2% | · | · | · | · | · | · | |
| ROA | 0.83% | 0.89% | 0.96% | 0.99% | 1.6% | 0.57% | 1.4% | 1.6% | 1.1% | 1.3% | · | · | |
| ROE | 7.0% | 7.7% | 8.6% | 9.0% | 14.0% | 6.1% | 11.3% | 12.2% | 9.0% | 12.3% | · | · |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | · | · | · | · | · | · | 0.0 | 0.0 | 0.3 | 0.5 | · | · |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | · | · |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 22.9% | -4.6% | -9.3% | -8.5% | 1.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 2.1% | -7.5% | -5.6% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | -0.27% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | -1.2% | -3.5% | -2.6% | -33.5% | 137.7% | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | -2.5% | -14.5% | 15.4% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 5Y | 8.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 5.7% | -3.5% | -3.5% | -34.5% | 199.1% | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | -0.52% | -15.2% | 23.6% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 5Y | 14.0% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 21.7% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $560M | $456M | $478M | $527M | $576M | $568M | $361M | $335M | $295M | $256M | · | · | |
| Net Income TTM | $123M | $116M | $120M | $125M | $190M | $64M | $84M | $80M | $52M | $41M | · | · | |
| Market Cap | $2.89B | $2.40B | $1.87B | $1.69B | $2.08B | $1.64B | $1.23B | $1.08B | $1.28B | $626M | · | · | |
| Enterprise Value | · | · | · | · | · | · | $996M | $951M | $1.35B | $639M | · | · | |
| P/E | 22.8 | 20.8 | 15.5 | 13.7 | 11.0 | 20.8 | 14.9 | 13.7 | 22.6 | 12.4 | · | · | |
| P/S | 5.2 | 5.3 | 3.9 | 3.2 | 3.6 | 2.9 | 3.4 | 3.2 | 4.3 | 2.4 | · | · | |
| P/B | 1.5 | 1.5 | 1.3 | 1.3 | 1.5 | 1.3 | 1.6 | 1.6 | 2.1 | 1.9 | · | · | |
| P / Tangible Book | 1.8 | 1.8 | 1.6 | 1.6 | 1.8 | 1.6 | · | · | · | · | · | · | |
| P / Cash Flow | 18.5 | 17.3 | 8.8 | 2.1 | 38.0 | -6.1 | 19.2 | 5.1 | 34.1 | -2.6 | · | · | |
| P / FCF | 19.6 | 18.2 | 9.8 | 2.2 | 42.7 | -6.0 | 21.5 | 5.3 | 38.8 | -2.5 | · | · | |
| EV / FCF | · | · | · | · | · | · | 17.4 | 4.7 | 40.9 | -2.6 | · | · | |
| EV / Revenue | · | · | · | · | · | · | 2.8 | 2.8 | 4.6 | 2.5 | · | · | |
| Dividend Yield | 1.3% | 1.3% | 1.5% | 1.5% | 1.0% | 0.86% | 0.82% | 0.57% | 0.00% | 11.1% | · | · | |
| Earnings Yield | 4.4% | 4.8% | 6.5% | 7.3% | 9.1% | 4.8% | 6.7% | 7.3% | 4.4% | 8.1% | · | · | |
| Payout Ratio | 30.9% | 27.4% | 23.3% | 19.7% | 11.3% | 22.4% | 12.0% | 7.6% | · | 170.7% | · | · | |
| Annual Payout | $38M | $32M | $28M | $25M | $21M | $14M | $10M | $6M | $0 | $69M | · | · |
Income Statement 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Expense | · | · | · | · | · | · | · | · | $75M | $77M | · | $73M | $69M | $56M | · | $17M | |
| Interest Income | $229M | $225M | $235M | $237M | $182M | $180M | $186M | $186M | $177M | $176M | $175M | $174M | $170M | $159M | $148M | $128M | |
| Pretax Income | $73M | $74M | $70M | $30M | $-10M | $49M | $50M | $11M | $51M | $34M | $36M | $23M | $45M | $46M | $48M | $41M | |
| Income Tax | $14M | $17M | $13M | $6M | $-13M | $9M | $12M | $1M | $11M | $6M | $7M | $4M | $10M | $10M | $10M | $9M | |
| Net Income | $59M | $58M | $57M | $23M | $3M | $39M | $38M | $10M | $40M | $28M | $29M | $19M | $35M | $36M | $38M | $32M | |
| EPS (Basic) | $1.14 | $1.11 | $1.13 | $0.44 | $0.06 | $0.84 | $0.81 | $0.22 | $0.85 | $0.60 | $0.63 | $0.41 | $0.75 | $0.78 | $0.81 | $0.68 | |
| EPS (Diluted) | $1.13 | $1.10 | $1.12 | $0.43 | $0.06 | $0.84 | $0.82 | $0.22 | $0.85 | $0.59 | $0.63 | $0.41 | $0.75 | $0.78 | $0.81 | $0.68 | |
| Shares (Basic) | 51,358,070 | 51,724,458 | -96,504,319 | 53,627,997 | 45,946,428 | 46,674,698 | -93,550,716 | 46,650,563 | 46,762,488 | 46,874,882 | -93,496,404 | 46,818,612 | 46,779,388 | 46,679,618 | -94,436,625 | 46,908,520 | |
| Shares (Diluted) | 51,693,688 | 52,203,469 | -97,090,242 | 53,957,062 | 46,179,090 | 47,024,211 | -93,774,721 | 46,803,330 | 46,845,143 | 46,998,873 | -93,613,638 | 46,856,422 | 46,814,854 | 46,765,154 | -94,720,372 | 47,024,611 | |
| EBITDA | · | $3M | · | · | · | $3M | · | · | · | $3M | · | · | · | $2M | · | · |
Balance Sheet 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.11B | $1.16B | $1.16B | $1.28B | $1.17B | $795M | $1.04B | $952M | $801M | $871M | · | $848M | $1.16B | $1.32B | · | $618M | |
| Goodwill | $350M | $350M | $350M | $350M | $243M | $243M | $243M | $243M | $243M | $243M | $243M | $243M | $243M | $243M | $243M | $243M | |
| Intangibles | $28M | $29M | $31M | $33M | $4M | $5M | $6M | $6M | $7M | $8M | · | $10M | $10M | $11M | · | $13M | |
| Total Assets | $16.80B | $16.47B | $16.30B | $16.24B | $13.35B | $13.14B | $13.16B | $12.92B | $12.54B | $12.55B | $12.60B | $12.49B | $12.89B | $13.10B | $12.85B | $12.26B | |
| Total Liabilities | $14.86B | $14.49B | $14.35B | $14.26B | $11.74B | $11.53B | $11.59B | $11.36B | $11.03B | $11.07B | · | $11.12B | $11.50B | $11.73B | · | $10.98B | |
| Long-term Debt | · | · | $213M | $214M | · | · | $177M | · | · | · | · | · | · | · | · | · | |
| Common Stock | $50M | $51M | $52M | $53M | $46M | $47M | $47M | $47M | $47M | $47M | · | $47M | $47M | $47M | · | $47M | |
| Retained Earnings | $941M | $893M | $847M | $800M | $787M | $793M | $762M | $732M | $730M | $698M | · | $656M | $644M | $616M | · | $555M | |
| AOCI | $-35M | $-35M | $-33M | $-38M | $-44M | $-92M | $-102M | $-75M | $-132M | $-132M | · | $-192M | $-163M | $-150M | · | $-187M | |
| Stockholders' Equity | $1.94B | $1.97B | $1.95B | $1.98B | $1.61B | $1.60B | $1.57B | $1.56B | $1.50B | $1.48B | · | $1.37B | $1.39B | $1.37B | · | $1.28B | |
| Liabilities + Equity | $16.80B | $16.47B | $16.30B | $16.24B | $13.35B | $13.14B | $13.16B | $12.92B | $12.54B | $12.55B | · | $12.49B | $12.89B | $13.10B | · | $12.26B | |
| Shares Outstanding | 49,976,755 | 51,418,024 | 51,752,401 | 53,456,522 | 45,807,689 | 46,514,547 | 46,663,120 | 46,658,019 | 46,642,958 | 46,897,378 | · | 46,839,159 | 46,798,751 | 46,762,626 | · | 46,926,377 |
Cash Flow 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $3M | $4M | $3M | $2M | $2M | $2M | $2M | |
| Stock-based Comp | $1M | $5M | $6M | $4M | $3M | $5M | $2M | $2M | $2M | $3M | $2M | $3M | $3M | $2M | $2M | $3M | |
| Deferred Tax | $-5M | $7M | $15.0K | $-6M | $-4M | $5M | $2M | $-4M | $-254.0K | $207.0K | $-3M | $-969.0K | $1M | $1M | $-3M | $3M | |
| Amort. of Intangibles | $2M | $2M | $2M | $2M | $631.0K | $656.0K | $687.0K | $719.0K | $752.0K | $789.0K | $840.0K | $889.0K | $940.0K | $990.0K | $1M | $1M | |
| Other Non-cash | · | $-42M | · | · | · | $-69M | · | · | · | $2M | · | · | · | $56M | · | · | |
| Operating Cash Flow | $75M | $31M | $53M | $48M | $72M | $-16M | $14M | $58M | $31M | $36M | $74M | $30M | $8M | $98M | $56M | $216M | |
| CapEx | $2M | $2M | $2M | $2M | $3M | $2M | $2M | $1M | $2M | $2M | $4M | $4M | $3M | $9M | $5M | $3M | |
| Investing Cash Flow | $-395M | $-157M | $-168M | $194M | $141M | $-200M | $-143M | $-220M | $-40M | $110M | $-176M | $67M | $72M | $-18M | $-176M | $-468M | |
| Stock Issued | $0 | $509.0K | $0 | $473.0K | $0 | $424.0K | $0 | $483.0K | $0 | $399.0K | $0 | $402.0K | $0 | $321.0K | $0 | $525.0K | |
| Stock Repurchased | $84M | $22M | $88M | $24M | $34M | $10M | $0 | $0 | $13M | $0 | $0 | $0 | $0 | $5M | $7M | $0 | |
| Net Stock Activity | · | $-21M | · | · | · | $-9M | · | · | · | $399.0K | · | · | · | $-5M | · | · | |
| Dividends Paid | $11M | $11M | $10M | $10M | $9M | $9M | $8M | $8M | $8M | $8M | $7M | $7M | $7M | $7M | $6M | $6M | |
| Financing Cash Flow | $274M | $128M | $-9M | $-128M | $158M | $-32M | $220M | $314M | $-60M | $-87M | $64M | $-409M | $-240M | $213M | $529M | $-2M | |
| Net Change in Cash | $-45M | $2M | $-124M | $114M | $371M | $-248M | $91M | $151M | $-70M | $60M | $-37M | $-312M | $-160M | $293M | $409M | $-255M | |
| Taxes Paid | $27M | $234.0K | $9M | $734.0K | $20M | $-9M | $9M | $14M | $20M | $277.0K | $62.0K | $9M | $30M | $-904.0K | $98.0K | $82.0K | |
| Free Cash Flow | · | $29M | · | · | · | $-18M | · | · | · | $35M | · | · | · | $89M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-28M | · | · | · | $45M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 33.6% | 33.4% | · | 13.4% | 3.8% | 30.1% | · | 11.4% | 31.2% | 26.0% | · | 17.6% | 28.2% | 28.6% | · | 23.8% | |
| Pretax Margin | 41.9% | 43.0% | · | 17.0% | -12.7% | 37.4% | · | 12.7% | 39.7% | 31.9% | · | 21.2% | 36.0% | 36.3% | · | 30.4% | |
| EBITDA Margin | · | 1.8% | · | · | · | 2.1% | · | · | · | 2.6% | · | · | · | 1.8% | · | · | |
| ROA | 0.39% | 0.39% | · | 0.16% | 0.02% | 0.31% | · | 0.08% | 0.31% | 0.22% | · | 0.15% | 0.28% | 0.28% | · | 0.26% | |
| ROE | 3.3% | 3.2% | · | 1.3% | 0.19% | 2.5% | · | 0.70% | 2.8% | 2.0% | · | 1.4% | 2.6% | 2.6% | · | 2.4% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $598M | $554M | · | $471M | $425M | $456M | · | $434M | $470M | $469M | · | $495M | $522M | $526M | · | $546M | |
| Net Income TTM | $142M | $123M | · | $76M | $92M | $118M | · | $97M | $122M | $119M | · | $123M | $123M | $123M | · | $132M | |
| Market Cap | $2.77B | $2.67B | · | $2.98B | $2.08B | $2.16B | · | $2.19B | $1.82B | $1.77B | · | $1.33B | $1.31B | $1.45B | · | $1.79B | |
| P/E | 20.3 | 21.4 | · | 36.0 | 23.0 | 18.5 | · | 22.7 | 15.0 | 14.9 | · | 10.8 | 10.7 | 11.9 | · | 13.8 | |
| P/S | 4.6 | 4.8 | · | 6.3 | 4.9 | 4.7 | · | 5.0 | 3.9 | 3.8 | · | 2.7 | 2.5 | 2.8 | · | 3.3 | |
| P/B | 1.4 | 1.4 | · | 1.5 | 1.3 | 1.3 | · | 1.4 | 1.2 | 1.2 | · | 1.0 | 0.9 | 1.1 | · | 1.4 | |
| P / Tangible Book | 1.8 | 1.7 | · | 1.9 | 1.5 | 1.6 | · | 1.7 | 1.5 | 1.4 | · | 1.2 | 1.2 | 1.3 | · | 1.7 | |
| P / Cash Flow | · | 86.1 | · | · | · | -131.0 | · | · | · | 48.7 | · | · | · | 14.8 | · | · | |
| P / FCF | · | 91.2 | · | · | · | -119.0 | · | · | · | 51.0 | · | · | · | 16.3 | · | · | |
| Earnings Yield | 4.9% | 4.7% | · | 2.8% | 4.3% | 5.4% | · | 4.4% | 6.7% | 6.7% | · | 9.2% | 9.3% | 8.4% | · | 7.2% | |
| Payout Ratio | · | 18.9% | · | · | · | 22.5% | · | · | · | 28.5% | · | · | · | 19.2% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Net Income | $123M | — | — | $116M | — |
| Diluted EPS | $2.45 | — | — | $2.48 | — |
Cash Flow
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $147M | — | — | $132M | — |
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Institutional owners (13F) 312 filers · $1.3B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 49 (+2 vs prior Q) | 27 (-2 vs prior Q) | 111 (+18 vs prior Q) | 72 (-17 vs prior Q) | +28K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| STATE STREET CORP | $135,601,578 | 2,449,893 | 10.11% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $119,137,720 | 2,152,443 | 8.88% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $105,505,924 | 1,906,159 | 7.87% | Shares |
| WESTWOOD HOLDINGS GROUP INC | $71,042,166 | 1,283,508 | 5.30% | Shares |
| DEPRINCE RACE & ZOLLO INC | $53,830,253 | 1,036,393 | 4.01% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $51,704,077 | 933,960 | 3.85% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $46,294,463 | 836,395 | 3.45% | Shares |
| LOOMIS SAYLES & CO L P | $40,814,813 | 737,395 | 3.04% | Shares |
| FRONTIER CAPITAL MANAGEMENT CO LLC | $35,568,297 | 642,607 | 2.65% | Shares |
| Davis Asset Management, L.P. | $34,274,713 | 619,236 | 2.56% | Shares |
| FMR LLC | $27,972,687 | 505,378 | 2.09% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $27,489,578 | 496,650 | 2.05% | Shares |
| WELLINGTON MANAGEMENT GROUP LLP | $24,183,633 | 436,922 | 1.80% | Shares |
| CITADEL ADVISORS LLC | $23,411,777 | 422,977 | 1.75% | Shares |
| TWO SIGMA INVESTMENTS, LP | $21,603,603 | 390,309 | 1.61% | Shares |
| Penn Capital Management Company, LLC | $21,456,170 | 387,253 | 1.60% | Shares |
| Tributary Capital Management, LLC | $20,483,957 | 370,081 | 1.53% | Shares |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | $20,028,176 | 361,846 | 1.49% | Shares |
| Leeward Investments, LLC - MA | $19,476,392 | 351,877 | 1.45% | Shares |
| CapWealth Advisors, LLC | $19,121,875 | 345,472 | 1.43% | Shares |
| GOLDMAN SACHS GROUP INC | $18,758,835 | 338,913 | 1.40% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $17,908,160 | 323,544 | 1.34% | Shares |
| EARNEST PARTNERS LLC | $15,937,534 | 287,941 | 1.19% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $15,395,270 | 278,144 | 1.15% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $15,162,289 | 273,935 | 1.13% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $10,703,583 | 193,380 | 0.80% | Shares |
| OBERWEIS ASSET MANAGEMENT INC/ | $9,802,485 | 177,100 | 0.73% | Shares |
| 12th Street Asset Management Company, LLC | $9,547,875 | 172,500 | 0.71% | Shares |
| MILLENNIUM MANAGEMENT LLC | $9,427,821 | 170,331 | 0.70% | Shares |
| HEARTLAND ADVISORS INC | $8,993,323 | 162,481 | 0.67% | Shares |
| Weiss Asset Management LP | $8,176,357 | 147,721 | 0.61% | Shares |
| Allspring Global Investments Holdings, LLC | $7,886,213 | 142,479 | 0.59% | Shares |
| Public Sector Pension Investment Board | $7,644,388 | 138,110 | 0.57% | Shares |
| Keystone Financial Group, Inc. | $7,375,554 | 133,253 | 0.55% | Shares |
| ALLIANCEBERNSTEIN L.P. | $6,947,598 | 133,762 | 0.52% | Shares |
| ENDEAVOUR CAPITAL ADVISORS INC | $6,737,811 | 121,731 | 0.50% | Shares |
| STRS OHIO | $6,431,670 | 116,200 | 0.48% | Shares |
| AMERICAN CENTURY COMPANIES INC | $6,428,349 | 116,140 | 0.48% | Shares |
| MENDON CAPITAL ADVISORS CORP | $6,365,250 | 115,000 | 0.47% | Shares |
| Curi Capital, LLC | $6,365,250 | 115,000 | 0.47% | Shares |
| AMERIPRISE FINANCIAL INC | $5,954,000 | 107,570 | 0.44% | Shares |
| RHUMBLINE ADVISERS | $5,764,355 | 104,144 | 0.43% | Shares |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | $5,432,603 | 98,150 | 0.41% | Shares |
| Homestead Advisers Corp | $5,422,031 | 97,959 | 0.40% | Shares |
| FRANKLIN RESOURCES INC | $5,246,460 | 94,787 | 0.39% | Shares |
| Brandywine Global Investment Management, LLC | $5,227,735 | 93,687 | 0.39% | Shares |
| AQR CAPITAL MANAGEMENT LLC | $5,142,347 | 92,906 | 0.38% | Shares |
| BANK OF AMERICA CORP /DE/ | $5,073,380 | 91,660 | 0.38% | Shares |
| Swiss National Bank | $4,897,534 | 88,483 | 0.37% | Shares |
| PEREGRINE CAPITAL MANAGEMENT LLC | $4,646,965 | 83,956 | 0.35% | Shares |
| Russell Investments Group, Ltd. | $4,469,066 | 80,741 | 0.33% | Shares |
| Quantinno Capital Management LP | $4,462,212 | 80,618 | 0.33% | Shares |
| D. E. Shaw & Co., Inc. | $4,178,261 | 75,488 | 0.31% | Shares |
| Point72 Asset Management, L.P. | $3,838,135 | 69,343 | 0.29% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $3,536,422 | 63,892 | 0.26% | Shares |
| XTX Topco Ltd | $3,485,445 | 62,971 | 0.26% | Shares |
| Legal & General Group Plc | $3,430,538 | 61,979 | 0.26% | Shares |
| JACOBS ASSET MANAGEMENT, LLC | $3,321,000 | 60,000 | 0.25% | Shares |
| Private Capital Management, LLC | $3,159,821 | 57,088 | 0.24% | Shares |
| SALZHAUER MICHAEL | $3,081,058 | 55,665 | 0.23% | Shares |
| TD Asset Management Inc | $2,847,204 | 51,440 | 0.21% | Shares |
| CITADEL ADVISORS LLC | $2,745,360 | 49,600 | 0.20% | Call option |
| FEDERATED HERMES, INC. | $2,545,547 | 45,990 | 0.19% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $2,543,443 | 45,952 | 0.19% | Shares |
| STIFEL FINANCIAL CORP | $2,448,986 | 44,246 | 0.18% | Shares |
| DEUTSCHE BANK AG\ | $2,445,418 | 44,181 | 0.18% | Shares |
| NewEdge Advisors, LLC | $2,442,805 | 44,134 | 0.18% | Shares |
| PRUDENTIAL FINANCIAL INC | $2,364,884 | 42,726 | 0.18% | Shares |
| WOODMONT INVESTMENT COUNSEL LLC | $2,341,914 | 42,311 | 0.17% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $2,301,877 | 44,318 | 0.17% | Shares |
| Dana Investment Advisors, Inc. | $2,289,220 | 41,359 | 0.17% | Shares |
| Waverly Advisors, LLC | $2,266,583 | 40,950 | 0.17% | Shares |
| Harbor Advisors LLC | $2,258,225 | 40,799 | 0.17% | Shares |
| Rosenthal | Henry Capital Advisors, Inc. | $2,127,265 | 38,433 | 0.16% | Shares |
| LPL Financial LLC | $2,095,497 | 37,859 | 0.16% | Shares |
| BlackRock, Inc. | $2,079,998 | 37,579 | 0.16% | Shares |
| CERTUITY, LLC | $1,977,266 | 35,723 | 0.15% | Shares |
| BANC FUNDS CO LLC | $1,964,704 | 35,496 | 0.15% | Shares |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. | $1,838,506 | 33,216 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $1,724,872 | 31,163 | 0.13% | Shares |
| Cetera Investment Advisers | $1,718,943 | 31,056 | 0.13% | Shares |
| Qube Research & Technologies Ltd | $1,644,393 | 29,709 | 0.12% | Shares |
| CAPTRUST FINANCIAL ADVISORS | $1,580,930 | 28,562 | 0.12% | Shares |
| ALBERT D MASON INC | $1,571,402 | 28,390 | 0.12% | Shares |
| Atria Investments, Inc | $1,558,340 | 28,154 | 0.12% | Shares |
| H D Vest Advisory Services | $1,538,115 | 33,954 | 0.11% | Shares |
| VANGUARD GROUP INC | $1,533,161 | 27,476 | 0.11% | Shares |
| OCCUDO QUANTITATIVE STRATEGIES LP | $1,527,383 | 27,595 | 0.11% | Shares |
| Schonfeld Strategic Advisors LLC | $1,494,060 | 26,993 | 0.11% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,485,705 | 26,842 | 0.11% | Shares |
| Rafferty Asset Management, LLC | $1,485,041 | 26,830 | 0.11% | Shares |
| MetLife Investment Management, LLC | $1,432,956 | 25,889 | 0.11% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $1,360,005 | 24,571 | 0.10% | Shares |
| FIFTH THIRD BANCORP | $1,355,462 | 24,489 | 0.10% | Shares |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | $1,343,843 | 24,279 | 0.10% | Shares |
| Entropy Technologies, LP | $1,331,057 | 24,048 | 0.10% | Shares |
| QSV Equity Investors LLC | $1,305,441 | 23,395 | 0.10% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $1,303,935 | 23,558 | 0.10% | Shares |
| RAYMOND JAMES FINANCIAL INC | $1,248,247 | 22,552 | 0.09% | Shares |
| Marietta Wealth Management, LLC | $1,223,733 | 22,109 | 0.09% | Shares |
Company insiders 21 insiders · 7 officers · 11 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| James R Gordon | CFO | Jan. 31, 2019 M | 12,087 | 0 | 0 | $0 |
| James R Gordon | CFO and Secretary | Jan. 31, 2019 M | 12,087 | 0 | 0 | $0 |
| Wilburn J. Evans | President FirstBank Ventures | April 10, 2019 F | 156,148 | 0 | 0 | $0 |
| Lynn J Joyce | Chief Accounting Officer | July 15, 2026 S | 41,269 | 0 | 1 | $-413,210 |
| Robert Wade Peery | Chief Administrative Officer | March 15, 2019 F | 22,833 | 0 | 0 | $0 |
| James Gregory Bowers | Chief Credit Officer | March 15, 2019 F | 6,578 | 0 | 0 | $0 |
| Timothy L. Johnson | Chief Risk Officer | March 15, 2019 F | 65,041 | 0 | 0 | $0 |
| Charles Wright Pinson | Director | July 31, 2026 A | 26,694 | 0 | 0 | $0 |
| Agenia Clark | Director | July 31, 2026 A | 14,573 | 0 | 0 | $0 |
| Orrin H Ingram II | Director | July 31, 2026 A | 95,310 | 0 | 0 | $0 |
| William F Carpenter III | Director | July 31, 2026 A | 28,981 | 0 | 0 | $0 |
| Milton R Johnson | Director | May 22, 2026 A | 4,312 | 0 | 0 | $0 |
| Raja J. Jubran | Director | May 17, 2019 A | 3,990 | 0 | 0 | $0 |
| James L. Exum | Director | May 17, 2019 A | 5,248 | 0 | 0 | $0 |
| Emily J. Reynolds | Director | May 17, 2019 A | 7,513 | 0 | 0 | $0 |
| Stuart C Mcwhorter | Director | Aug. 14, 2018 G | 4,500 | 0 | 0 | $0 |
| William F Andrews | Director | May 18, 2018 A | 13,491 | 0 | 0 | $0 |
| Ruth E. Johnson | Director | Sept. 15, 2016 P | 600 | 0 | 0 | $0 |
| James W. Ayers | 10% owner | Oct. 20, 2022 P | 10,704,991 | 0 | 0 | $0 |
| James W Cross IV | — | May 22, 2026 A | 63,983 | 0 | 0 | $0 |
| Christopher T Holmes | — | April 13, 2026 G | 72,272 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Estate of James W. Ayers, Ayers J. Jonathan, James Austin McPherson ×5 filings | May 22, 2026 | 0.00% | Amendment | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 90 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| FSCC · Federated Hermes ETF Trust | 0.85% | 44,776 NS | May 31, 2026 | N-PORT |
| DPST · Direxion Shares ETF Trust | 0.37% | 34,105 NS | April 30, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.18% | 94,852 NS | May 31, 2026 | N-PORT |
| BBSC · J.P. Morgan Exchange-Traded Fund Tr… | 0.11% | 15,106 NS | April 30, 2026 | N-PORT |
| BKSE · BNY Mellon ETF Trust | 0.11% | 1,617 NS | April 30, 2026 | N-PORT |
| DFAT · Dimensional ETF Trust | 0.11% | 272,659 NS | April 30, 2026 | N-PORT |
| SAA · ProShares Trust | 0.09% | 483 NS | May 31, 2026 | N-PORT |
| RSSL · Global X Funds | 0.07% | 19,153 NS | April 30, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.07% | 184,190 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.06% | 13,331 NS | April 30, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.06% | 2,082 NS | May 31, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.04% | 193,188 NS | May 31, 2026 | N-PORT |
| FNDA · SCHWAB STRATEGIC TRUST | 0.04% | 63,643 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.03% | 1,629 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.03% | 5,955 NS | May 31, 2026 | N-PORT |
| FNCL · FIDELITY COVINGTON TRUST | 0.03% | 11,367 NS | April 30, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.03% | 1,846 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.02% | 1,650 NS | May 31, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.01% | 122,302 NS | April 30, 2026 | N-PORT |
| DFUV · Dimensional ETF Trust | 0.01% | 39,568 NS | April 30, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.01% | 1,691 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.01% | 41 NS | May 31, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.01% | 867 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.01% | 3,351 NS | April 30, 2026 | N-PORT |
| DCOR · Dimensional ETF Trust | 0.01% | 4,767 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.01% | 13,725 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 11,525 NS | May 31, 2026 | N-PORT |
| DFUS · Dimensional ETF Trust | 0.00% | 14,102 NS | April 30, 2026 | N-PORT |
| EBI · RBB Fund Trust | 0.00% | 462 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 23,233 NS | May 31, 2026 | N-PORT |
| FNDB · SCHWAB STRATEGIC TRUST | 0.00% | 671 NS | May 31, 2026 | N-PORT |
| TILT · FlexShares Trust | 0.00% | 972 NS | April 30, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VTI · VANGUARD INDEX FUNDS | — | — | July 15, 2026 | Daily |
| VXUS · VANGUARD STAR FUNDS | — | — | July 15, 2026 | Daily |
| VGK · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VEU · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VT · VANGUARD INTERNATIONAL EQUITY INDEX… | — | — | July 15, 2026 | Daily |
| VIOO · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VIOG · VANGUARD ADMIRAL FUNDS | — | — | July 30, 2026 | Daily |
| VIOV · VANGUARD ADMIRAL FUNDS | — | — | July 15, 2026 | Daily |
| VEA · VANGUARD TAX-MANAGED FUNDS | — | — | July 15, 2026 | Daily |
| VYMI · VANGUARD WHITEHALL FUNDS | — | — | July 15, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | — | — | July 15, 2026 | Daily |
| IJR · iShares Trust | — | — | Aug. 5, 2026 | Daily |
| IJT · iShares Trust | — | — | Aug. 17, 2026 | Daily |
| IEV · iShares Trust | — | — | July 13, 2026 | Daily |
| IJS · iShares Trust | — | — | Aug. 10, 2026 | Daily |