FB Financial: Riding Stronger Margins And Renewed Interest In Southeast Regional Banks

Writing about FB Financial (NYSE:FBK) in October of 2023, my feelings were that there was nothing really wrong with this Tennessee-based community lender, but there was likewise nothing really compelling about the outlook or the valuation to make it a preferred option. That was clearly a bad call, as the shares have since climbed almost 60%, outpacing regional banks as a group, as well as most Southeast banks in general (which have been outperforming as a group, with 50%-plus appreciation over that period n ...