Regional Banks Slip After Q1 Results as FB Financial (FBK) and The Bancorp (TBBK) Miss Estimates

Regional bank stocks tracked in the quarter fell an average 1.9% after first-quarter earnings, with revenue broadly in line with analyst expectations but several lenders missing key net interest income targets. FB Financial (NYSE: FBK) reported revenue of $172.7 million, up 30.8% from a year earlier but 1.7% below consensus. The bank also missed net interest income estimates. Shares fell 5.7% after the report and traded at $52.79. UMB Financial (NASDAQ: UMBF) was a standout, posting revenue of $744.8 million, up 29.3% and 5.4% above estimates. Shares rose 3.9% to $130.29. BankUnited (NYSE: BKU) revenue rose 6.1% to $273.8 million but missed estimates by 5.1%, while Peoples Bancorp (NASDAQ: PEBO) met revenue expectations at $119.3 million. The Bancorp (NASDAQ: TBBK) posted the weakest estimate performance, with revenue down 8% to $161.4 million, 17.4% below consensus. Its shares fell 8.8% to $55.12.