As an overall note, the earnings of regionals / community banks has been super variable and not surprising. Banks with variable rates loans and relatively strong deposit franchises have been able to keep or expand NIM, while banks that screwed themselves with long term fixed rate securities / loans are essentially screwed for the near term. Some have been biting the bullet and selling securities in order to get into more rate sensitive assets, but it's not totally clear if that is the right strategy at this point (especially if rates start to come down and then you get screwed again if you don't lock in longer term). If you do own banks, it is well worth owning specific stocks and not the KRE etf (or similar) given the difference in performance across the sector. The market has clearly rewarded strong performers, but has also rewarded weak performers, which suggests a lot of the moves in the recent weeks are etf driven.
I am buying more OZK, which I've been buying for the past couple months - the results are really incredible and it's not being valued as it should. Great management team as well that is stepping into some of the market paralysis and using excess capital to take share. I think generalist investors are throwing every bank with construction loans out which is not fair to best in class orgs.