FB Bancorp (NASDAQ: FBLA) approves third 1,606,837-share stock repurchase plan
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
FB Bancorp, Inc. authorized a third stock repurchase program to buy back up to 1,606,837 shares of its common stock, equal to about 10% of shares currently outstanding. This follows completion of its first and second programs, which repurchased 1,983,750 and 1,785,375 shares, respectively.
The company plans to conduct repurchases on the open market, including through a trading plan under SEC Rule 10b5-1, and may adjust, suspend, or discontinue the program depending on market conditions and other factors.
Positive
- Authorization of sizable third buyback: The company approved a third stock repurchase program for up to 1,606,837 shares, approximately 10% of shares outstanding, after completing two prior programs totaling 3,769,125 repurchased shares, indicating continued return of capital to shareholders.
Negative
- None.
Insights
FB Bancorp adds a sizable third buyback, signaling ongoing capital return.
FB Bancorp authorized a third repurchase program for up to 1,606,837 shares, or roughly 10% of shares outstanding. Combined with the completed first and second programs totaling 1,983,750 and 1,785,375 shares, this reflects sustained use of excess capital for buybacks.
Because repurchases will occur on the open market and may use a Rule 10b5-1 trading plan, execution will be spread over time and subject to trading volume and price. The company retains flexibility to suspend or discontinue the program, so actual capital deployed will depend on future conditions.
For investors, the key consideration is how ongoing buybacks affect per-share metrics and capital ratios relative to growth needs and regulatory expectations. Subsequent disclosures in future company filings can clarify the pace of repurchases and any impact on book value per share and capital levels.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Third buyback authorization: 1,606,837 shares
First program repurchases: 1,983,750 shares
Second program repurchases: 1,785,375 shares
+2 more
5 metrics
Third buyback authorization
1,606,837 shares
New stock repurchase program, about 10% of shares outstanding
First program repurchases
1,983,750 shares
Shares repurchased under first stock repurchase program completed January 14, 2026
Second program repurchases
1,785,375 shares
Shares repurchased under second stock repurchase program completed May 19, 2026
Repurchase coverage
10% of shares outstanding
Portion of currently outstanding common stock covered by third program
Branch offices
18 branch offices
Fidelity Bank locations across several Louisiana parishes
Key Terms
stock repurchase program, SEC Rule 10b5-1, forward-looking statements, holding company, +1 more
5 terms
stock repurchase program financial
"authorized a third stock repurchase program for up to 1,606,837 shares"
A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.
SEC Rule 10b5-1 regulatory
"including by means of a trading plan adopted under SEC Rule 10b5-1"
A SEC Rule 10b5-1 trading plan lets company insiders set up a written, prearranged schedule for buying or selling shares so those trades are not treated as illegal insider trading later, provided the plan was adopted when they did not possess important, nonpublic information and they follow it exactly. For investors this matters because such plans can make insider activity more predictable and reduce the appearance that trades were made on secret knowledge—think of it like programming an automatic thermostat so temperature changes aren’t blamed on someone’s private decisions—though changes to or disclosures about plans can still affect confidence.
forward-looking statements regulatory
"This press release contains certain forward-looking statements about the stock repurchase program."
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
holding company financial
"the holding company for Fidelity Bank, announced today it has authorized"
A holding company is an organization that owns enough shares of other businesses to control them but usually does not run their day-to-day operations. Think of it as an umbrella or parent that lets investors gain exposure to several companies through one vehicle; its value depends on the performance, risks, dividends and debts of the companies it holds, so it matters for assessing diversification, control and consolidated financial health.
Louisiana state-chartered stock savings bank financial
"Fidelity Bank is a Louisiana state-chartered stock savings bank that conducts its business"
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 12, 2026
(Exact Name of Registrant as Specified in its Charter)
|
|
|
|
|||
|
(State or Other Jurisdiction of Incorporation)
|
(Commission File No.)
|
(I.R.S. Employer Identification No.)
|
|||
|
|
|
||||
|
(Address of Principal Executive Offices)
|
(Zip Code)
|
||||
(504 ) 569-8640
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
|
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
Securities registered pursuant to Section 12(b) of the Act:
|
|
|
|
||
|
Title of Each Class
|
Trading Symbol(s)
|
Name of Each Exchange on Which Registered
|
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 or Rule 12b-2 of the
Securities Exchange Act of 1934.
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or
revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On June 12, 2026, FB Bancorp, Inc. (the “Company”) announced the authorization of a program to repurchase up to 1,606,837 shares of its
outstanding common stock, which equals approximately 10% of shares currently outstanding. For additional information, refer to the press release dated June 12, 2026, which is filed as an exhibit hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
|
(d)
|
Exhibits
|
| 99.1 |
Press Release dated June 12, 2026
|
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document)
|
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
|
FB BANCORP, INC.
|
||
|
DATE: June 12, 2026
|
By:
|
/s/ Christopher S. Ferris
|
|
Christopher S. Ferris
|
||
|
President and Chief Executive Officer
|
EXHIBIT 99.1
PRESS RELEASE
Contact:
Christopher S. Ferris
President and Chief Executive Officer
(504) 569-8460
FB Bancorp, Inc. Authorizes Third Stock Repurchase Program
New Orleans, LA; June 12, 2026 – FB Bancorp, Inc. (the
“Company”) (Nasdaq: FBLA), the holding company for Fidelity Bank, announced today it has authorized a third stock repurchase program for up to 1,606,837 shares of
its common stock, representing 10% of shares currently outstanding. The Company completed its first stock repurchase program on January 14, 2026, whereby 1,983,750 shares of the Company’s common stock were repurchased, and the Company completed its
second stock repurchase program on May 19, 2026, whereby 1,785,375 shares of the Company’s common stock were repurchased.
The Company intends to conduct the repurchases on the open market, including by means of a trading plan adopted under SEC Rule 10b5-1,
subject to market conditions and other factors. There is no guarantee as to the number of shares that the Company may ultimately repurchase. The Company may suspend or discontinue the program at any time.
About Fidelity Bank
Originally chartered in 1908, Fidelity Bank is a Louisiana state-chartered stock savings bank that conducts its business from its main
office and 18 branch offices located in the East Baton Rouge, Jefferson, Lafayette, Orleans, St. Tammany, and Tangipahoa Parishes.
Forward-Looking Statements
This press release contains certain forward-looking statements about the stock repurchase program. Forward-looking statements include
statements regarding anticipated future events and can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believe,” “expect,” “anticipate,” “estimate,” and “intend” or future
or conditional verbs such as “will,” “would,” “should,” “could,” or “may.” Forward-looking statements, by their nature, are subject to risks and uncertainties. Certain factors that could cause actual results to differ materially from expected
results include the Company’s inability to execute the repurchase program due to stock market conditions or otherwise.
# # #
FAQ
What did FB Bancorp, Inc. (FBLA) announce in this 8-K filing?
FB Bancorp announced authorization of a third stock repurchase program for up to 1,606,837 shares of common stock, representing about 10% of shares outstanding. Repurchases are expected to occur in the open market, providing a potential source of capital return to shareholders over time.
What previous stock repurchase programs has FB Bancorp (FBLA) completed?
FB Bancorp completed a first repurchase program on January 14, 2026, buying 1,983,750 shares, and a second program on May 19, 2026, buying 1,785,375 shares. These completed programs demonstrate an established pattern of using share repurchases as a capital management and shareholder return tool.
How will FB Bancorp conduct repurchases under the new program?
The company intends to repurchase shares on the open market, including through a trading plan adopted under SEC Rule 10b5-1. This structure lets repurchases occur systematically over time within pre-set parameters, while remaining subject to market conditions and other factors the company may consider.
What risks does FB Bancorp highlight regarding the repurchase program?
The company notes forward-looking statements about the repurchase program are subject to risks and uncertainties. A specific factor mentioned is the potential inability to execute repurchases due to stock market conditions or other circumstances, which could limit actual buybacks despite the authorization.