regional bank stocks are gradually emerging from the crisis that struck the industry in march 2023 over the first week of june regional banks emerged as the bestperforming industry in the us stock market with the spdr regional banking etf kre soaring by 10 only three months ago the failures of silicon valley bank and signature bank had a significant impact on the financial scene causing widespread panic and posing a serious threat to the industrys survival investors were haunted by memories of the 2008 financial crisis leading to a fear of contagion and a subsequent indiscriminate selloff across the industry impacting even the most solid institutions despite the initial shock the regional banking industry has shown extraordinary resilience in the face of hardship catching up for recovery the potential upside for regional banks contrary to previous predictions encouraging indicators have recently emerged in the regional banking space deposit outflows from regional banks have ended the threat of a us recession and severe credit tightening has not materialized and job market and service sector have remained stronger than expected furthermore the constantly highinterest rates continue to give a critical lifeline to us banks allowing them to sustain huge interest margins while the recovery has already begun the spdr regional banking etf has a 40 upside potential to revert to levels prior to the collapse of silicon valley bank this creates an appealing opportunity for investors looking for stocks with attractive valuations and modest positioning we highlight five regional bank stocks that still have the ability to rebound from previous losses delivering possible profits on the way to an industrywide recovery   overview western alliance bancorporation provides various banking products and related services primarily in arizona california and nevada   recent performance monthtodate return of 17 as of june 6 and an impressive 41 return over the past month   growth potential to reach premarch 2023 levels western alliance bancorporation would still need to post a significant 90 gain   stock metrics according to benzinga pro data the stock has a 12month forward pricetoearnings pe ratio of 467x suggesting a potentially undervalued position the pricetobook ratio stands at 08 further indicating the stock may be undervalued compared to its book value   overview zions bancorporation provides corporate and commercial banking services focusing on small to mediumsized businesses in arizona california colorado idaho nevada new mexico oregon texas utah washington and wyoming   recent performance monthtodate return of 13 as of june 6 and a 23 return over the past month   growth potential to reach premarch 2023 levels zion would still need to post a significant 67 price gain   stock metrics the company has a 12month forward pricetoearnings pe ratio of 51x the pricetobook ratio stands at 09   overview east west bancorp inc is a financial holding company that operates through its subsidiary east west bank it focuses on serving the diverse needs of the asianamerican community and offers various products and services including commercial and small business banking personal banking mortgage loans and wealth management   recent performance monthtodate return of 11 as of june 6 and a 19 return over the past month   growth potential to reach premarch 2023 price levels ewbc would still need to show a 40 surge   stock metrics the company screens a 12month forward pricetoearnings pe ratio of 63x the pricetobook ratio stands at 12   overview huntington bancshares incorporated offers a wide range of banking services and operates in several states across the united states with a primary focus in midwest regions   recent performance monthtodate return of 8 as of june 6 and a 144 return over the past month   growth potential to reach premarch 2023 levels hban would still need to rise by 33   stock metrics the company screens a 12month forward pricetoearnings pe ratio of 73x the pricetobook ratio stands at 1   overview keycorp is a financial holding company based in ohio usa through its subsidiary keybank it provides a range of banking and financial services to individuals businesses and institutions   recent performance monthtodate return of 13 as of june 6 and a 9 return over the past month   growth potential to reach premarch 2023 levels key would still need to surge by about 70   stock metrics the company has a 12month forward pricetoearnings pe ratio of 6x and a pricetobook ratio of 08