Davis Asset Management Acquires FB Financial Shares

Davis Asset Management, L.P. disclosed a new position in FB Financial Corporation (NYSE:FBK) on November 14, reporting 619,236 shares valued at approximately $34.5 million as of September 30. This investment made up about 1.2% of the firm’s $2.8 billion in reportable U.S. equity assets. FB Financial Corporation, based in Nashville, operates primarily through its FirstBank subsidiary, offering a mix of banking and mortgage services across the southeastern U.S. Its competitive advantage lies in its strong regional presence and diverse product offerings.

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