Active · established relationshipLatest completed snapshot · Jul 31 · 18:02 ET

MARKET-DISCOVERED GROUP

Regional Banks

THE TRADER READBroad relative move, confirmed beyond the cohort—but not by flow

12 of 12 measured session-normalized paths align to the downside across 11.4 effective names. Common-bar coverage spans 12 of 15 cohort members. HOMB is also moving with filing-linked members. Capital-flow agreement is 3%, so the basket is not yet clean. No verified headline preceded the measured move.

Price breadth15 of 15 falling-1.5% session-normalized median path

Capital-flow alignment3%Price breadth is not yet confirmed by flow

Activity nowHotActivity score 87/100 · lift 1.3×

Evidence depth2 episodesLow sample—context, not a validated playbook

EVIDENCE CLOCK

What happened, in timestamp order

4 timed events · 15:55–15:55 ET

TIMING READNo verified timestamped headline was found within 24 hours of the first measured price move in the available common-bar window. The move currently reads as market-led or unexplained.

15:30 ET
5-minute inferenceBBT registered the first material downside path
-2.02% session path at the threshold · BBT
15:30 ET
5-minute inferenceSSB registered a material downside path
-2.18% session path at the threshold · SSB
15:30 ET
5-minute inferenceTRMK registered a material downside path
-2.15% session path at the threshold · TRMK
15:30 ET
5-minute inferenceFFIN registered a material downside path
-1.60% session path at the threshold · FFIN

2 earlier filing context receipts

MON, MAY 4FFIN filing documented shared operating contextcredit / rates affecting interest expense · date precision only

THU, AUG 6BBT filing documented shared operating contextcredit / rates affecting interest expense · date precision only

THEME CONSTRUCTION

Broad move or one-stock disguise?

Session-normalized 5m paths

Observed movement is broad across 11.4 effective names. BBT represents 11.9% of absolute path energy; 12 of 12 members align with the down relative path.

ConstructionBroad11.9% from the largest path

Effective names11.4 / 1212 of 15 cohort members had common bars

Direction breadth12/12 aligneddownside relative path · 0 counter-moving

Largest moverBBT 11.9%23.4% from the top two paths

BBT11.9%Aligned contributor · path -2.22% · basket -0.18pp

SSB11.5%Aligned contributor · path -2.15% · basket -0.18pp

TRMK10.0%Aligned contributor · path -1.86% · basket -0.15pp

FFIN8.9%Aligned contributor · path -1.66% · basket -0.14pp

HWC8.2%Aligned contributor · path -1.53% · basket -0.13pp

INDB8.2%Aligned contributor · path -1.53% · basket -0.13pp

FBNC8.0%Aligned contributor · path -1.48% · basket -0.12pp

RNST7.6%Aligned contributor · path -1.42% · basket -0.12pp

FULT7.3%Aligned contributor · path -1.36% · basket -0.11pp

PFS7.2%Aligned contributor · path -1.35% · basket -0.11pp

BOH6.8%Aligned contributor · path -1.26% · basket -0.10pp

FBK4.2%Aligned contributor · path -0.79% · basket -0.07pp

01 · WHAT IS HAPPENING

The move, the flow and who is driving it

Price breadth, unusual activity and signed capital flow are separate observations

HOW THE PRICE MOVE SPREAD

Observed session sequence

5-minute bars · inferred

15:30 ET
BBT moved lower firstFirst member to clear the material path threshold · path -2.02%
15:30 ET
SSB registered a material lower path0m after the first price move · path -2.18%
15:30 ET
TRMK registered a material lower path0m after the first price move · path -2.15%
15:30 ET
FFIN registered a material lower path0m after the first price move · path -1.60%
15:30 ET
HWC registered a material lower path0m after the first price move · path -1.61%
15:30 ET
INDB registered a material lower path0m after the first price move · path -1.44%

Sequence inferred from aligned 5-minute price paths; it is not a causal ordering.

RELATIVE CO-MOVEMENT

How the members are behaving together

Session-normalized

Oct 6 · 15:55 ETMove visible 15:30 ETOct 7 · 15:55 ET

Group median -1.50%Strongest relative path FBKWeakest relative path BBT

Observed member paths normalized to the session. The dashed marker shows when the median move first cleared a material threshold; shading marks the latest 20% of the observed window.

02 · WHY IT MATTERS

Why now and where the move could travel

Context and lead/lag links are evidence, not proof of causation or a forecast

WHY NOW

Verified recent context

0 items

No verified recent catalyst is attached to this move. The relationship may be market-led rather than news-led.

WHY THIS GROUP EXISTS

Shared filing context

15/15 members covered

Moderate filing support: the strongest shared 10-Q/K outlook is operating setup (near-term outlook) across BOH, FFIN, PFS, SSB, TRMK, UBSI, UCB.

credit / rates affecting interest expense

“The increase in tax equivalent net interest income for the first quarter of 2026 compared to the same quarter in 2025 was largely attributable to the increases in average loans, the increase in average balance and the rate of return on taxable and tax-exempt investment securities, and a $1.26 million reversal of interest expense.”
FFIN 10-Q · 2026-05-05

demand / volume

“A deterioration in economic conditions in the United States and our markets could result in an increase in loan delinquencies and non-performing assets, decreases in loan collateral values and a decrease in demand for our products and services, all of which, in turn, would adversely affect our business, financial condition and results of operations.”
FFIN 10-K · 2026-02-25

credit / rates

“Derivative financial instruments are also subject to credit and counterparty risk, which is defined as the risk of financial loss if a borrower or counterparty is either unable or unwilling to repay borrowings or settle transactions in accordance with the underlying contractual terms.”
BOH 10-K · 2026-02-24

CONFIRMATION NETWORK

Outsiders and cross-asset links

1 outsiders confirming

No qualified cross-asset lead/lag link is available for this group.

Filing-linked outsiders test whether the move is spreading beyond the established cohort.

HOMBMoving with group

HWC · text peer

SFBSNot confirming

HWC · text peer

HAFCNot confirming

RNST · text peer

RBCAANot confirming

RNST · text peer

03 · WHO IS IN IT

Member participation

Unusual activity and daily price direction are shown separately

FFINTRMKHWCRNSTFBKUBSIBBTFBNCINDBFULTUCBBOHSSBPFSWSFS

15/15 active0 rising · 15 falling

MemberUnusual activityToday's moveRead now

FFINFirst Financial Bankshares, Inc.

Most unusual · 100/100

-1.7%

Aligned path contributorActive in 27.3% of observed group sessions

TRMKTrustmark Corporation

Elevated · 97/100

-1.9%

Aligned path contributorActive in 9.1% of observed group sessions

HWCHancock Whitney Corporation

Elevated · 86/100

-1.5%

Aligned price + flowActive in 63.6% of observed group sessions

RNSTRenasant Corporation

Elevated · 79/100

-1.4%

Aligned path contributorActive in 18.2% of observed group sessions

FBKFB Financial Corporation

Elevated · 77/100

-0.8%

Aligned path contributorActive in 27.3% of observed group sessions

UBSIUnited Bankshares, Inc.

Elevated · 75/100

-1.5%

Flow confirmerActive in 0% of observed group sessions

BBTBeacon Financial Corporation

Elevated · 66/100

-2.2%

Aligned path contributorActive in 9.1% of observed group sessions

FBNCFirst Bancorp

Elevated · 60/100

-1.5%

Aligned path contributorActive in 27.3% of observed group sessions

INDBIndependent Bank Corp.

Elevated · 58/100

-1.5%

Aligned path contributorActive in 27.3% of observed group sessions

FULTFulton Financial Corporation

Elevated · 48/100

-1.4%

Aligned price + flowActive in 18.2% of observed group sessions

UCBUnited Community Banks, Inc.

Elevated · 47/100

-1.5%

Active; unclassifiedActive in 18.2% of observed group sessions

BOHBank of Hawaii Corporation

Elevated · 46/100

-1.3%

Aligned path contributorActive in 9.1% of observed group sessions

SSBSouthState Bank Corporation

Elevated · 45/100

-2.1%

Aligned price + flowActive in 18.2% of observed group sessions

PFSProvident Financial Services, Inc.

Elevated · 42/100

-1.4%

Aligned path contributorActive in 9.1% of observed group sessions

WSFSWSFS Financial Corporation

Elevated · 39/100

-1.5%

Flow confirmerActive in 9.1% of observed group sessions

View exact member values

TICKER	Company	Role now	Today	Observed history	Trader interpretation
FFIN	First Financial Bankshares, Inc.	Most unusual	-1.7%	27.3% of 11 sessions	Most unusual activity in this snapshot; performance direction may differ.
TRMK	Trustmark Corporation	Participating	-1.9%	9.1% of 11 sessions	Price participation is not yet confirmed by per-name flow.
HWC	Hancock Whitney Corporation	Participating	-1.5%	63.6% of 11 sessions	Price participation with distributing signed flow.
RNST	Renasant Corporation	Participating	-1.4%	18.2% of 11 sessions	Price participation is not yet confirmed by per-name flow.
FBK	FB Financial Corporation	Participating	-0.8%	27.3% of 11 sessions	Price participation is not yet confirmed by per-name flow.
UBSI	United Bankshares, Inc.	Participating	-1.5%	0% of 11 sessions	Price participation with accumulating signed flow.
BBT	Beacon Financial Corporation	Participating	-2.2%	9.1% of 11 sessions	Price participation is not yet confirmed by per-name flow.
FBNC	First Bancorp	Participating	-1.5%	27.3% of 11 sessions	Price participation is not yet confirmed by per-name flow.
INDB	Independent Bank Corp.	Participating	-1.5%	27.3% of 11 sessions	Price participation is not yet confirmed by per-name flow.
FULT	Fulton Financial Corporation	Participating	-1.4%	18.2% of 11 sessions	Price participation with distributing signed flow.
UCB	United Community Banks, Inc.	Participating	-1.5%	18.2% of 11 sessions	Price participation is not yet confirmed by per-name flow.
BOH	Bank of Hawaii Corporation	Participating	-1.3%	9.1% of 11 sessions	Price participation is not yet confirmed by per-name flow.
SSB	SouthState Bank Corporation	Participating	-2.1%	18.2% of 11 sessions	Price participation with accumulating signed flow.
PFS	Provident Financial Services, Inc.	Participating	-1.4%	9.1% of 11 sessions	Price participation is not yet confirmed by per-name flow.
WSFS	WSFS Financial Corporation	Participating	-1.5%	9.1% of 11 sessions	Price participation with accumulating signed flow.

04 · HAS THIS HAPPENED BEFORE

Identity history versus measured outcomes

Structural recurrence is not the same as a validated trading outcome

POINT-IN-TIME LIVE OUTCOMES

Live outcome ledger collecting

0/0 events completed

No completed point-in-time outcome is available yet. New live confirmations are now retained with their exact observation timestamp; statistics appear only after the corresponding candles complete.

Low structural sample

Only 2 completed episodes across 11 active sessions; treat history as context, not a validated playbook. These episode counts describe recurrence; the outcome ledger above is the only forward-performance evidence.

Structural support14 daysHow often the cohort identity was observed

Completed episodes2Separate periods of broad group activity

Active sessions11Completed session observations, not trades

2026-07-15 → 2026-07-2910 active sessionsNo name was active through every recorded session

2026-07-101 active session100% composition consistency through the episode

MEMBER CONSISTENCY IN OBSERVED ACTIVE SESSIONS

HWC63.6% · 2 episodes

FBK27.3% · 1 episode

FBNC27.3% · 1 episode

FFIN27.3% · 1 episode

INDB27.3% · 1 episode

FULT18.2% · 1 episode

RNST18.2% · 1 episode

SSB18.2% · 1 episode

UCB18.2% · 1 episode

BBT9.1% · 1 episode

BOH9.1% · 1 episode

PFS9.1% · 1 episode

TRMK9.1% · 1 episode

WSFS9.1% · 1 episode

UBSI0% · 0 episodes