FBK - FB Financial Surges On A Strong Quarter Solid Dividend Growth Investment
2024-07-16 15:13:01 ET
Summary
- A trade in FB Financial Corporation was opened in October 2023, with the initial investment and 20% profit taken out, allowing for future gains and dividends.
- The Q2 earnings report showed strong performance with increased revenue, wider margins, and improved return metrics, despite mixed asset quality.
- The CEO emphasized credit quality and a cautiously optimistic outlook, with a strong balance sheet and profitability, making FB Financial a solid dividend growth option.
- High conviction and comfort in holding this house position.
We previously opened a trade in FB Financial Corporation ( FBK ) in October 2023. Earlier this year we backed out the initial investment, plus 20% of the profit, and let the rest run as a house position . This allowed us to deploy capital to other opportunities while keeping lifetime exposure to a remaining small position. This advanced strategy allows for us to collect any and all future long-term gains, dividends, spinoffs, etc. And the dividend here should attract dividend growth investors, as it is a quality income name. Take a look at the history of dividend growth....
FB Financial Surges On A Strong Quarter, Solid Dividend Growth Investment