Q1 2026 results: FB Bancorp (NASDAQ: FBLA) earns $119K net income

Rhea-AI Filing Summary

FB Bancorp, Inc. reported net income of $119 thousand for the quarter ended March 31, 2026, down from $705 thousand a year earlier. This included net income from continuing operations of $494 thousand and a net loss from discontinued operations of $375 thousand tied to the sale of the NOLA Lending Group mortgage segment, which closed on March 1, 2026.

From continuing operations, net interest income was $11.8 million, essentially flat year over year, while the net interest margin edged down to 4.47% from 4.60%. Total non-interest expenses rose to $11.9 million, a 9.75% increase, mainly from higher salaries, occupancy, and marketing tied to growth initiatives such as the Lafayette branch.

At March 31, 2026, total assets were $1.27 billion, loans held for investment were $759.7 million, and deposits were $852.5 million. Total equity was $297.7 million, reflecting $14.3 million of common stock repurchases within robust capital ratios, including a total risk-based capital ratio of 29.43%.

Positive

• None.

Negative

• Net income declined sharply, with total quarterly net income falling to $119 thousand from $705 thousand and net income from continuing operations dropping to $494 thousand from $1.4 million, driven by a 9.75% increase in non-interest expenses.

Insights

Banking sector earnings analyst

FB Bancorp stays profitable but Q1 earnings decline on higher costs and discontinued mortgage operations.

FB Bancorp generated net income from continuing operations of $494 thousand in Q1 2026, down from $1.4 million a year earlier. The decline was driven largely by a $1.1 million or 9.75% increase in non-interest expenses while net interest income held roughly flat at $11.8 million.

The sale of the NOLA Lending Group mortgage segment, completed on March 1, 2026, produced a discontinued-operations net loss of $375 thousand this quarter, after a $665 thousand loss in Q1 2025. Core banking spread metrics softened modestly, with net interest margin at 4.47% versus 4.60% a year ago.

Balance sheet measures remain strong: total assets were $1.27 billion, deposits $852.5 million, and total equity $297.7 million at March 31, 2026. Regulatory capital ratios are high, including total risk-based capital of 29.43% and Tier 1 leverage capital of 20.23%, even after $14.3 million of stock repurchases completed during the period.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income: $119 thousand Net income from continuing operations: $494 thousand Total non-interest expenses: $11.9 million +5 more

8 metrics

Net income $119 thousand Quarter ended March 31, 2026

Net income from continuing operations $494 thousand Quarter ended March 31, 2026

Total non-interest expenses $11.9 million Q1 2026; up 9.75% year over year

Net interest margin 4.47% Q1 2026 from continuing operations

Total assets $1.27 billion As of March 31, 2026

Total deposits $852.5 million As of March 31, 2026

Total risk-based capital ratio 29.43% Regulatory capital as of March 31, 2026

Common stock repurchases $14.3 million Repurchases impacting equity in Q1 2026

Key Terms

discontinued operations, net interest margin, efficiency ratio, Tier 1 risk-based capital, +2 more

6 terms

discontinued operations financial

"The Company's financial statements will reflect discontinued operations for the current period and retrospectively for prior periods under ASC 205-20."

Discontinued operations are parts of a company that it has decided to sell or shut down, and no longer plans to run in the future. This matters to investors because it helps them understand which parts of the business are ongoing and which are being phased out, providing a clearer picture of the company’s current performance and future prospects. Think of it like a store closing a department—it no longer contributes to sales or profits.

net interest margin financial

"Net interest margin was 4.47% for the three months ended March 31, 2026, compared to 4.60% for the three months ended March 31, 2025."

Net interest margin measures how much a bank earns from lending and investing compared with what it pays for funding, expressed as a percentage of its interest-earning assets. Think of it like a grocery store’s markup: it shows the gap between buying cost and selling price per dollar of goods — here, the cost is interest paid and the sale is interest received. Investors watch it because a higher margin usually means a bank is more profitable and better at managing interest rate and credit conditions.

efficiency ratio financial

"Efficiency ratio from continuing operations (4) | | | 91.49 % | | | 83.69 %"

A measure of how much a company spends to produce each dollar of revenue, usually shown as operating expenses divided by revenue and expressed as a percentage. Think of it as a household’s budget: a lower percentage means more of each dollar earned stays as profit, while a higher number means costs are eating into returns. Investors use it to judge cost control and compare how efficiently companies turn revenue into earnings, especially in banks and financial firms.

Tier 1 risk-based capital financial

"Tier 1 risk-based capital | | | 28.70 % | | | 29.56 %"

Tier 1 risk-based capital is the core financial cushion a bank holds—mainly common equity and retained profits—measured against its assets after those assets are weighted for risk. Think of it as the size of a safety net adjusted for how many sharp edges are under it: a higher ratio means the bank has more capacity to absorb losses and is generally safer and more likely to meet regulator standards, which matters to investors assessing financial strength.

allowance for credit losses financial

"Allowance for credit losses to total loans (5) | | | 0.85 % | | | 0.80 %"

Allowance for credit losses is a reserve set aside by a financial institution to cover potential losses from borrowers who may not repay their loans. It acts like a safety net, helping the institution prepare for loans that might turn sour. For investors, it signals how cautious the institution is about the quality of its loans and potential risks to its financial health.

non-performing loans financial

"Non-performing loans as a percentage of total loans was 2.00% at March 31, 2026 compared to 2.26% at December 31, 2025."

Loans on a bank’s books where the borrower has stopped making scheduled payments for a prolonged period (commonly about 90 days), so the lender no longer expects full repayment on time. Think of them as overdue IOUs that may never be paid back; a rising level of such loans weakens a lender’s earnings and balance sheet, signals greater credit risk in the economy, and can hurt investors through lower dividends, loan losses, or declines in the lender’s stock value.

Earnings Snapshot

Net income: $119 thousand

Q1 2026

Net income $119 thousand down from $705 thousand in Q1 2025

Net income from continuing operations $494 thousand down from $1.4 million in Q1 2025

Net interest income $11.843 million essentially flat vs $11.847 million in Q1 2025

Total non-interest expenses $11.851 million increased 9.75% year over year

Net interest margin 4.47% down from 4.60% in Q1 2025

Understanding 8-K Material Events →

0002013639FalseFB Bancorp, Inc. /MD/00020136392026-05-062026-05-06

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): May 6, 2026

FB Bancorp, Inc.

(Exact Name of Registrant as Specified in its Charter)

Maryland		001-42380		99-1859402
(State or Other Jurisdiction of Incorporation)		(Commission File No.)		(I.R.S. Employer Identification No.)
353 Carondelet Street, New Orleans, Louisiana					70130
(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:

Common Stock		FBLA		The NASDAQ Stock Market LLC
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 x

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 2.02 Results of Operation and Financial Condition.

On May 6, 2026, FB Bancorp, Inc. (the “Company”) issued a press release reporting its financial results for the quarter ended March 31, 2026.

A copy of the press release announcing the results is attached as Exhibit 99.1. The information in this Item 2.02, as well as Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933.

Item 9.01 Financial Statements and Exhibits

(a)	Financial Statements of Businesses Acquired. Not applicable.
(b)	Pro Forma Financial Information. Not applicable.
(c)	Shell Company Transactions. Not applicable.
(d)	Exhibits.
	Exhibit No.	Description
	99.1	Press Release dated May 6, 2026
	104.1	Cover Page for this Current Report on Form 8-K, formatted in Inline XBRL

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: May 6, 2026	By:	/s/ Todd Wanner
		Todd Wanner
		Chief Financial Officer and Treasurer

Exhibit 99.1

FB Bancorp, Inc.

Announces First Quarter 2026

Financial Results

New Orleans, Louisiana, May 6, 2026 / FB Bancorp, Inc. (NASDAQ: “FBLA”) (the “Company”), the holding company for Fidelity Bank (the “Bank”), today announced net income for the three months ended March 31, 2026 of $119 thousand, comprised of net income from continuing operations of $494 thousand and a net loss from discontinued operations of $375 thousand. The net loss from discontinued operations was due to Fidelity Bank's previously announced sale of substantially all assets and liabilities of the Bank's mortgage banking segment, NOLA Lending Group. The sale closed on March 1, 2026. For the three months ended March 31, 2025, the Company had net income of $705 thousand, comprised of net income from continuing operations of $1.4 million and a net loss from discontinued operations of $665 thousand.

The Company is a Maryland corporation based in New Orleans, Louisiana. The Company’s banking subsidiary, Fidelity Bank, operates 19 banking locations in New Orleans, Hammond, Lafayette, and Baton Rouge, Louisiana. The Company is a Maryland corporation incorporated in February 2024 to become the registered bank holding company for Fidelity Bank upon the Bank’s conversion from the mutual-to-stock form of organization, which occurred on October 22, 2024. The Company sold 19,837,500 shares of common stock, par value $0.01 per share, at a price of $10 per share, for gross proceeds of $198,375,000. Shares of the Company’s common stock began trading on the Nasdaq Global Select Market under the trading symbol “FBLA” on October 23, 2024.

On January 14, 2026, FB Bancorp, Inc. announced the completion of its initial stock repurchase program, pursuant to which it repurchased 1,983,750 shares of its common stock, or 10% of its then outstanding shares, at an average price of $12.725 per share, inclusive of trading costs and commissions. On February 9, 2026, FB Bancorp, Inc. announced the authorization of an additional program to repurchase up to 1,785,375 shares of its outstanding common stock, which equals approximately 10% of shares then outstanding. Through May 4, 2026, the Company has repurchased 1,547,463 shares of this additional repurchase plan at an average price of $13.66 per share, inclusive of trading costs and commissions.

Selected Financial Data

		For the three months ended March 31,
		2026				2025
Performance Ratios:
Net income from continuing operations (in thousands)		$	494			$	1,370
Net loss from discontinued operations (in thousands)		$	(375	)		$	(665	)
Net income (loss) (in thousands)		$	119			$	705
Return on average assets from continuing operations (1)			0.04	%			0.11	%
Return on average equity from continuing operations(2)			0.16	%			0.42	%
Earnings (losses) per share from continuing operations - basic and diluted		$	0.03				0.08
Net interest margin (3)			4.47	%			4.60	%
Non-interest income to average assets from continuing operations			0.09	%			0.09	%
Non-interest expense to average assets from continuing operations			0.95	%			0.88	%
Efficiency ratio from continuing operations(4)			91.49	%			83.69	%
Average interest-earning assets to average interest-bearing liabilities			146.67	%			150.98	%
Capital Ratios:
Total risk-based capital			29.43	%			30.27	%
Tier 1 risk-based capital			28.70	%			29.56	%
Common equity Tier 1 risk-based capital			28.70	%			29.56	%
Tier 1 leverage capital			20.23	%			20.32	%
Average equity to average assets			24.39	%			26.70	%
Common stock book value per share		$	17.50				16.71
Common stock book value per share (net of unearned ESOP shares)		$	19.12				18.08
Asset Quality Ratios:
Allowance for credit losses to total loans (5)			0.85	%			0.80	%
Allowance for credit losses to non-performing loans			42.23	%			40.10	%
Net charge-offs to average outstanding loans			0.05	%			0.06	%
Non-performing loans to total loans			1.98	%			2.00	%
Non-performing loans to total assets			1.19	%			1.25	%
Total non-performing assets to total assets (6)			1.30	%			1.30	%
Other:
Number of offices			19				18
Number of full-time equivalent employees			211				325

(1)	Represents net income (loss) from continuing operations divided by average total assets.
(2)	Represents net income (loss) from continuing operations divided by average equity.
(3)	Represents net interest income divided by average interest-earning assets. Includes loans held for sale.
(4)	Represents non-interest expense divided by the sum of net interest income and non-interest income.
(5)	Total loans includes only loans held for investment.
(6)	Non-performing assets includes other real estate owned.

Discontinued Operations

On December 31, 2025, the Bank entered into an agreement to sell substantially all of the assets and liabilities of the Bank's mortgage banking segment, NOLA Lending Group. The decision was based on a number of strategic priorities, including the continued decline in mortgage volume. This sale allowed the Bank to exit a business segment that had a net loss of approximately $2.7 million in 2025 and reduced total employees by approximately 108 individuals. The sale closed on March 1, 2026. The Company's financial statements will reflect discontinued operations for the current period and retrospectively for prior periods under ASC 205-20.

The following is a summary of the assets and liabilities of the discontinued operations of the mortgage banking division at March 31, 2026 and December 31, 2025:

		March 31, 2026				December 31, 2025
ASSETS		(Dollars in thousands)
Derivative assets		$	311			$	450
Loans held for sale, at fair value			16,097				28,504
Premises and equipment, net			—				332
Deferred tax assets			25				26
Other assets			372				568
Total assets		$	16,805			$	29,880
LIABILITIES
Escrows payable		$	238			$	366
Other liabilities			1,108				1,978
Accrued compensation, including severance payments			805				1,199
Total liabilities		$	2,151			$	3,543

The following presents operating results of discontinued operations for the three months ended March 31, 2026 and 2025:

	For the three months ended March 31,
	2026				2025
Revenue	(Dollars in thousands)
Net interest income	$	823			$	953
Gain on sales of mortgage loans		2,772				3,340
Other non-interest income		—				8
Total revenue		3,595				4,301
Expenses
Salaries and employee benefits		3,159				3,399
Hedging activity, net		(168	)			430
Other general and administrative		1,077				1,313
Total non-interest expenses		4,068				5,142
Loss from discontinued operations before income taxes		(473	)			(841	)
Income tax benefit from discontinued operations		(98	)			(176	)
Net loss from discontinued operations	$	(375	)		$	(665	)

Results of Continuing Operations

•Net income was $494 thousand for the three months ended March 31, 2026, as compared to net income of $1.4 million for the three months ended March 31, 2025. This decrease was primarily the result of a $1.1 million, or 9.75% increase in total non-interest expenses.

•Net interest income was $11.8 million for the three months ended March 31, 2026 and March 31, 2025, respectively. Over this same period, interest and dividends on investments increased $1.0 million, or 43.77%, offset by a decrease in interest on deposits in other banks by $515 thousand, and an increase in total interest expense of $443 thousand, or 10.76%. Net interest margin was 4.47% for the three months ended March 31, 2026, compared to 4.60% for the three months ended March 31, 2025. More information is available in the average balance sheet and yield tables below.

•Total non-interest income was $1.1 million for the three months ended March 31, 2026 and for the three months ended March 31, 2025. There was a $56 thousand, or 5.31%, increase and is primarily due to an increase of $91 thousand, or 13.91%, on deposit account service charges.

•Total non-interest expenses were $11.9 million for the three months ended March 31, 2026, compared to $10.8 million for the three months ended March 31, 2025. This represents a $1.1 million, or 9.75%, increase in total non-interest expenses. Increases in non-interest expenses were primarily due to a $601 thousand, or 9.76%, increase in salaries and employee benefits due to added staff for the Lafayette branch opened by the Bank in August 2025, normal pay and benefit increases, a $226 thousand, or 13.84%, increase in occupancy and equipment related to the new Lafayette branch and new ATM servicing contracts, and a $77 thousand, or 45.83%, increase in advertising and marketing. Increases in advertising are due to timing of initiatives and not expected to remain that elevated throughout 2026.

Financial Condition

•Total assets were $1.27 billion at March 31, 2026, compared to $1.26 billion at December 31, 2025. The largest fluctuation between these periods came from an increase in securities available for sale of $20.6 million, or 6.31%. This increase was due to favorable investment yields in the current period, predominantly in previously issued government backed mortgage securities. The Company purchased approximately $34.8 million in securities with an expected average yield of 5.02% in the three months ended March 31, 2026. The Company also sold $5.9 million in securities for a gain of $85 thousand.

•Loans held for investment were $759.7 million at March 31, 2026, compared to $744.0 million at December 31, 2025. This represents a $15.8 million, or 2.12%, increase. Most of this growth came late in the current quarter. The average balance of loans held for investment for the three months ended March 31, 2026 was $736.5 million.

•Total deposits were $852.5 million at March 31, 2026, compared to $841.4 million at December 31, 2025. This represents a $11.1 million, or 1.32%, increase. This increase was primarily related to non-interest bearing deposits that increased $12.3 million, or 9.19%, due in part, to the success of the Lafayette branch that opened in August 2025.

•Total equity was $297.7 million at March 31, 2026 compared to $314.5 million at December 31, 2025. This $16.7 million, or 5.32%, decrease was due to $14.3 million in common stock repurchases and a $3.0 million increase in accumulated other comprehensive loss, partially offset by net income.

Asset Quality

•Non-performing loans were $15.1 million at March 31, 2026 compared to $16.9 million at December 31, 2025. The majority of non-performing loans, $11.1 million, relate to first lien residential mortgage loans. These non-performing residential loans have a weighted average loan to value below 80%. Residential real estate loans remain under elevated credit pressures in our gulf coast lending markets due to rising insurance costs. Monthly insurance costs for many residents in the greater New Orleans area may exceed that of their monthly mortgage principal and interest payments.

•Non-performing loans as a percentage of total loans was 2.00% at March 31, 2026 compared to 2.26% at December 31, 2025.

•Total non-performing assets, which included non-performing loans and other real estate owned, as a percentage of total capital was 5.52% at March 31, 2026 compared to 5.96% at December 31, 2025.

•Net charge-offs were $404 thousand for the three months ended March 31, 2026 compared to $434 thousand for the three months ended March 31, 2025.

Forward-Looking Statements

Certain statements contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and are intended to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements, which are based on certain current assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of the words “may,” “will,” “should,” “could,” “would,” “plan,” “potential,” “estimate,” “project,” “believe,” “intend,” “anticipate,” “expect,” “target” and similar expressions. Forward-looking statements are based on current beliefs and expectations of management and are inherently subject to significant business, economic and competitive uncertainties and contingencies, many of which are beyond our control. Certain factors that could cause actual results to differ materially from expected results include increased competitive pressures, changes in the interest rate environment, inflation, general economic conditions or conditions within the securities markets, our ability to successfully integrate acquired operations and realize the expected level of synergies and cost savings, potential recessionary conditions, real estate market values in the Bank’s lending area, changes in the quality of our loan and security portfolios, increases in the costs of mortgage insurance, increases in non-performing and classified loans, changes in liquidity, including the size and composition of our deposit portfolio, and the percentage of uninsured deposits in the portfolio, changes in monetary and fiscal policies of the U.S. Government, including policies of the U.S. Treasury and the Board of Governors of the Federal Reserve System, a failure in or breach of the Company’s operational or security systems or infrastructure, including cyberattacks, failure to maintain current technologies, failure to retain or attract employees; and other economic, legislative, accounting and regulatory changes that could adversely affect the Company or the Bank. Our actual future results may be materially different from the results indicated by any forward-looking statements. Except as required by applicable law or regulation, we do

not undertake, and we specifically disclaim any obligation, to release publicly the results of any revisions that may be made to any forward-looking statement contained herein.

Average Balance Sheets

		For the three months ended March 31,
		2026												2025
		Average Outstanding Balance				Interest				Average Yield/Rate				Average Outstanding Balance				Interest				Average Yield/Rate
		(Dollars in thousands)
Interest-earning assets:
Cash and cash equivalents		$	57,953			$	482				3.37	%		$	95,872			$	997				4.22	%
Securities			330,040				3,301				4.06	%			249,291				2,296				3.74	%
Loans held for investment			736,528				13,066				7.19	%			761,031				13,280				7.08	%
Loans held for sale			24,192				378				6.33	%			21,482				345				6.50	%
Total earning assets (4)			1,148,713				17,227				6.08	%			1,127,676				16,918				6.08	%
Non-interest-earning assets:
Cash and cash equivalents			7,428												6,311
Fixed Assets			57,187												55,432
Allowance for credit losses			(6,264	)											(6,256	)
Other			44,397												46,609
Total non-interest-earning assets			102,748												102,096
Total Assets		$	1,251,461											$	1,229,772
Interest-bearing liabilities:
Interest-bearing demand deposits		$	116,444			$	61				0.21	%		$	107,447			$	43				0.16	%
Interest-bearing savings and money market deposits			225,722				745				1.34	%			243,622				664				1.11	%
Certificates of deposit			358,611				2,986				3.38	%			324,436				2,686				3.36	%
Total interest-bearing deposits			700,777				3,792				2.19	%			675,505				3,393				2.04	%
Interest-bearing borrowings			82,396				768				3.78	%			71,414				724				4.11	%
Total interest-bearing liabilities			783,173				4,560				2.36	%			746,919				4,117				2.24	%
Non-interest:
Demand deposits			147,575												144,454
Other liabilities			15,443												10,104
Total non-interest liabilities			163,018												154,558
Total Equity			305,270												328,295
Total liabilities and equity		$	1,251,461											$	1,229,772
Net interest income						$	12,667											$	12,801
Net interest-earning assets (1)		$	365,540											$	380,757
Net interest rate spread (2)											3.72	%											3.84	%
Net yield on interest-earning assets (3)											4.47	%											4.60	%
Average of interest-earning assets to interest-bearing liabilities			146.67	%											150.98	%
Average equity to assets			24.39	%											26.70	%

(1)	Net interest-earning assets represent total interest-earning assets less total interest-bearing liabilities.
(2)	Net interest rate spread represents the difference between the weighted average yield on interest-earning assets and the weighted average rate of interest-bearing liabilities.
(3)	Represents net interest income divided by average interest-earning assets.
(4)	$824 thousand and $954 thousand of interest on earning assets represents origination fees, discount fees and interest income from discontinued operations for 2026 and 2025, respectively.

FB Bancorp, Inc.

Consolidated Statements of Financial Condition

(unaudited)

		March 31, 2026				December 31, 2025
ASSETS		(Dollars in thousands)
Cash and due from banks		$	6,164			$	9,872
Interest-bearing deposits at other financial institutions			40,047				50,397
Total cash and cash equivalents			46,211				60,269
Securities available for sale, at fair value (amortized cost of $360,797 and $336,347, respectively)			346,944				326,346
Loans held for investment			759,726				743,956
Less: allowance for credit losses			(6,375	)			(6,289	)
Loans held for investment, net			753,351				737,667
Federal Home Loan Bank stock, at cost			4,305				3,650
Bank owned life insurance			15,427				15,341
Accrued interest receivable			5,426				5,688
Premises and equipment, net			56,175				57,105
Other real estate owned			1,344				1,349
Mortgage servicing rights			938				904
Prepaid expenses			2,454				1,908
Other assets			15,628				15,299
Assets from discontinued operations, at fair value			16,805				29,880
Total assets		$	1,265,008			$	1,255,406
LIABILITIES AND STOCKHOLDERS' EQUITY
Deposits:
Non-interest bearing		$	145,780			$	133,506
Interest bearing			706,732				707,897
Total deposits			852,512				841,403
Advances by borrowers for taxes and insurance			5,448				6,298
Other borrowings			95,572				78,257
Accrued interest payable			447				392
Other liabilities			11,159				11,063
Liabilities from discontinued operations, at fair value			2,151				3,543
Total liabilities			967,289				940,956
Stockholders' Equity:
Preferred stock, $0.01 par value - 5,000,000 shares authorized; none issued			—				—
Common stock, $0.01 par value - 120,000,000 shares authorized; 17,015,188 and 18,089,741 issued and outstanding as of March 31, 2026 and December 31, 2025, respectively			170				181
Additional paid-in capital			157,528				171,503
Unearned ESOP shares - 1,444,170 and 1,460,040 shares as of March 31, 2026 and December 31, 2025, respectively			(16,319	)			(16,498	)
Retained earnings			167,284				167,165
Accumulated other comprehensive income (loss)			(10,944	)			(7,901	)
Total stockholders' equity			297,719				314,450
Total liabilities and stockholders' equity		$	1,265,008			$	1,255,406

FB Bancorp, Inc.

Consolidated Statements of Operations

(unaudited)

		For the three months ended March 31,
		2026				2025
		(Dollars in thousands except per share amounts)
Interest and dividend income
Interest and fees on loans		$	12,620			$	12,671
Interest and dividends on investment securities			3,301				2,296
Interest on deposits in other banks			482				997
Total interest and dividend income			16,403				15,964
Interest expense
Deposits			3,792				3,393
Borrowed funds			768				724
Total interest expense			4,560				4,117
Net interest income			11,843				11,847
Provision for credit losses			490				385
Net interest income after provision for credit losses			11,353				11,462
Non-interest income
Service charges and fee income from deposit accounts			745				654
Gain (loss) on sales, disposal, or impairment of assets			(46	)			—
Gain on sales of available for sale securities			85				55
Other non-interest income			327				346
Total non-interest income			1,111				1,055
Non-interest expenses
Salaries and employee benefits			6,759				6,158
Occupancy and equipment			1,859				1,633
Directors’ fees			200				181
Data processing			1,278				1,228
Advertising and marketing			245				168
Mortgage servicing rights amortization			107				91
Other general and administrative			1,403				1,339
Total non-interest expenses			11,851				10,798
Income from continuing operations before income taxes			613				1,719
Income tax expense from continuing operations			119				349
Net income from continuing operations			494				1,370
Loss from discontinued operations before income taxes			(473	)			(841	)
Income tax benefit from discontinued operations			(98	)			(176	)
Net loss from discontinued operations			(375	)			(665	)
Net Income (loss)		$	119			$	705
Basic and diluted earnings (loss) per common share:
Continuing operations		$	0.03			$	0.08
Discontinued operations			(0.02	)			(0.04	)
Total earnings (loss) per share - basic and diluted		$	0.01			$	0.04
Weighted average shares outstanding - basic			16,278,177				18,313,980
Weighted average shares outstanding - diluted			16,286,635				18,313,980

FAQ

How much net income did FB Bancorp (FBLA) report for Q1 2026?

FB Bancorp reported net income of $119 thousand for the quarter ended March 31, 2026. This included $494 thousand from continuing operations and a $375 thousand net loss from discontinued operations related to the NOLA Lending Group mortgage segment sale.

How did FB Bancorp’s Q1 2026 earnings from continuing operations compare to 2025?

Net income from continuing operations was $494 thousand in Q1 2026, down from $1.4 million in Q1 2025. The company cited a $1.1 million, or 9.75%, increase in total non-interest expenses as the main reason for the year-over-year decline.

What impact did the NOLA Lending Group sale have on FB Bancorp’s results?

The sale of NOLA Lending Group, which closed on March 1, 2026, resulted in a discontinued-operations net loss of $375 thousand in Q1 2026. The segment had a net loss of approximately $2.7 million in 2025 and reduced total employees by about 108 positions.

What were FB Bancorp’s key balance sheet figures at March 31, 2026?

At March 31, 2026, FB Bancorp reported $1.27 billion in total assets, $759.7 million in loans held for investment, and $852.5 million in total deposits. Total stockholders’ equity was $297.7 million, reflecting stock repurchases and changes in accumulated other comprehensive loss.

How strong are FB Bancorp’s capital ratios after recent stock repurchases?

Despite significant repurchases, FB Bancorp’s capital ratios remain high. As of March 31, 2026, total risk-based capital was 29.43%, Tier 1 risk-based and Common Equity Tier 1 were each 28.70%, and the Tier 1 leverage ratio stood at 20.23%, indicating a strong capital position.

What happened to FB Bancorp’s net interest margin in Q1 2026?

Net interest margin was 4.47% for the quarter ended March 31, 2026, compared with 4.60% a year earlier. Net interest income remained around $11.8 million, while interest expense increased by 10.76% and asset mix shifts modestly pressured spreads.

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