FB Financial: A Solid Southern Bank At A Fair Valuation

Seeking Profits5.38K FollowersFollow5ShareSavePlay(9min)CommentsSummaryFB Financial has strengthened its Sun Belt presence through M&A, delivering solid Q1 earnings and resilient credit quality.FBK's deposit growth, stable noninterest-bearing mix, and manageable office exposure support margins and risk profile.With a CET1 ratio of 11.5% and minimal unrealized losses, FBK maintains robust capital for organic growth and potential acquisitions.I initiate FBK as a "Hold" amid a current 11.5x P/E and a 1.7x tangible book value that reflect its strengths; upside is limited unless shares dip below $50. Joe Hendrickson/iStock Editorial via Getty Images Shares of FB Financial Corporation (FBK) have been a solid performer over the past year, gaining 36%. M&A activity has helped strengthen its footprint across attractive Sun Belt markets while enhancing margins. At the same time, credit fears (particularly in offices) have not been asThis article was written bySeeking Profits5.38K FollowersFollowOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an article, just let me know!Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.