FBK - FB Financial Continues To Plug Along It's A Waiting Game Now
2024-04-15 23:28:11 ET
Summary
- FB Financial Corporation's Q1 results showed a decline in top line, but strong earnings power despite lower loans and deposits.
- The bank's net interest margin narrowed slightly, but margins have likely hit a bottom.
- Return metrics declined, but asset quality remains strong. Overall, operations are holding up well in the tough macro environment.
We previously provided a suggestion on FB Financial Corporation ( FBK ) for a trade back in October 2023. In January of this year, we recommended that you consider backing out the initial investment, plus 20% of the profit, and let the rest run as a house position . We saw limited near-term upside so this suggestion, if executed, allowed you to move your money into more lucrative trades or investment opportunity, but having the house position with the profit, allows you to collect all future long-term gains, dividends, spinoffs, etc. And the dividend here should attract dividend growth investors with a history of raises....
FB Financial Continues To Plug Along, It's A Waiting Game Now