On the quiet stage of Wall Street, Mendon Capital Advisors Corp has made a subtle but telling gesture. A new position in FB Financial Corporation-144,000 shares valued at $7.62 million-was disclosed in a November 14, 2025 filing, a transaction as precise as the ticking of a clock in a silent room.
What Happened
The SEC’s records, ever the meticulous scribe, noted this acquisition on November 14, 2025. The shares, purchased by Mendon, were dated to September 30, 2025, and marked the fund’s 68th reportable position for the quarter. A modest flag planted in a sea of financial instruments.
What Else to Know
This stake, 2.92% of Mendon’s $260.71 million in U.S. equity assets, is not a reckless gambler’s throw but a calculated step. The top five holdings, like a composer’s suite, tell of a fund attuned to the rhythms of regional banking:
- NYSE:EQBK: $15.97 million (6.1% of AUM)
- NASDAQ:MCHB: $14.04 million (5.4% of AUM)
- NASDAQ:FRST: $12.82 million (4.9% of AUM)
- NASDAQ:VBNK: $12.55 million (4.8% of AUM)
- NASDAQ:ABL: $10.99 million (4.2% of AUM)
As December 8, 2025 dawned, FB Financial’s shares traded at $56.87, a 2.2% rise over the past year. Yet they lagged behind the S&P 500 by 12.1 percentage points, a quiet reminder of the weight of legacy in an age of relentless innovation.
Company Overview
| Metric | Value |
|---|---|
| Price (as of market close 2025-12-05) | $56.87 |
| Market Capitalization | $3.05 billion |
| Revenue (TTM) | $815.45 million |
| Net Income (TTM) | $103.55 million |
Company Snapshot
- A provider of commercial and consumer banking products, its offerings bloom like wildflowers in Tennessee’s fields-checking, savings, loans, and mortgage services.
- It serves the South with the precision of a watchmaker, tending to businesses, professionals, and individuals across Tennessee, Alabama, Kentucky, and Georgia.
- Its branches, scattered like stars, dot the southeastern sky, each a full-service outpost of trust.
FB Financial, headquartered in Nashville, is a regional bank holding company that operates through FirstBank. Its network of branches and mortgage offices stretches like a river through the South, nourishing both commerce and community. Yet, in the grand theater of finance, it is a player of modest ambition, content to thrive in its own corner of the world.
Foolish Take
Mendon Capital, a Florida-based firm, has long been a quiet observer of the financial sector. Under Anton Schutz, its president and CIO, the fund has cultivated a reputation for spotting the rare, resilient regional bank. Schutz, a man of measured words and deeper insight, sees in FB Financial not just numbers but a narrative of endurance.
FB Financial itself is a curious creature. Over five years, its shares have risen 81%, a respectable figure, yet it trails the S&P 500’s 100%. But when measured against the State Street SPDR S&P Regional Banking ETF (KRE), its performance glows faintly brighter. Where KRE’s 46% gain translates to a 7.9% CAGR, FB Financial’s 12.6% CAGR is a quiet triumph.
To the retail investor, Mendon’s move is a whisper in the wind-a signal to pause and listen. In a world of algorithms and high-frequency trading, there remains a place for the patient, the thoughtful, the ones who understand that growth is not always a roar but sometimes a sigh. 📈
Glossary
AUM: Assets Under Management – The total market value of investments managed by a fund or investment firm.
Forward P/E ratio: Price-to-earnings ratio using forecasted future earnings, indicating how much investors pay per expected dollar of earnings.
EV/EBITDA multiple: Enterprise Value divided by Earnings Before Interest, Taxes, Depreciation, and Amortization; measures a company’s valuation relative to its earnings.
Dividend yield: Annual dividend income expressed as a percentage of the current share price.
Reportable position: An investment holding that must be disclosed in regulatory filings due to its size or significance.
Fund holding: A specific security or asset owned by an investment fund.
Regional bank holding company: A company that owns and controls one or more banks operating primarily in a specific geographic area.
Mortgage origination: The process by which a lender works with a borrower to complete a mortgage loan transaction.
Trailing twelve months (TTM): The 12-month period ending with the most recent quarterly report.
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2025-12-08 19:42